TENCENT HOLDINGS LIM

700
End-of-day quote. End-of-day quote  - 10/27
585HKD +4.19%
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2019 2020
Net sales1 377 289478 627
EBITDA1 137 268177 425
Operating profit (EBIT)1 118 694148 539
Operating Margin 31,5%31,0%
Pre-Tax Profit (EBT)1 109 400142 249
Net income1 93 310120 441
Net margin 24,7%25,2%
EPS2 9,6412,5
Dividend per Share2 1,091,30
Last update 03/18/202010/26/2020
1 CNY in Million
2 CNY
Estimates
Finances - Leverage
Fiscal Period: December 2019 2020
Net Debt1 --
Net Cash position1 15 55285 848
Leverage (Debt / EBITDA) -0,11x-0,48x
Free Cash Flow1 116 221144 542
ROE (Net Profit / Equities) 24,7%23,2%
Shareholders' equity1 378 109518 523
ROA (Net Profit / Asset) 11,1%11,3%
Assets1 838 7571 064 361
Book Value Per Share2 45,158,4
Cash Flow per Share2 15,517,9
Capex1 32 36934 876
Capex / Sales 8,58%7,29%
Last update 03/18/202010/27/2020
1 CNY in Million
2 CNY
Estimates
Balance Sheet Analysis
Financial Ratios
Size 2020e 2021e
Capitalization 4 815 551 M CNY -
Entreprise Value (EV) 4 729 703 M CNY 4 652 172 M CNY
Valuation 2020e 2021e
P/E ratio (Price / EPS) 40,5x 33,7x
Capitalization / Revenue 10,1x 8,21x
EV / Revenue 9,88x 8,06x
EV / EBITDA 26,7x 22,1x
Yield (DPS / Price) 0,26% 0,32%
Price to book (Price / BVPS) 8,67x 6,88x
Profitability 2020e 2021e
Operating Margin (EBIT / Sales) 31,0% 30,3%
Operating Leverage (Delta EBIT / Delta Sales) 0,94x 0,86x
Net Margin (Net Profit / Revenue) 25,2% 24,5%
ROA (Net Profit / Asset) 11,3% 11,7%
ROE (Net Profit / Equities) 23,2% 22,9%
Rate of Dividend 10,4% 10,7%
Balance Sheet Analysis 2020e 2021e
CAPEX / Sales   7,29% 7,12%
Cash Flow / Sales 35,5% 35,0%
Capital Intensity (Assets / Sales) 2,22x 2,10x
Financial Leverage (Net Debt / EBITDA) - -
Price Earning Ratio
EPS & Dividend