Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-08
TCEHY [bullish]
Tencent Holdings Limited
+19.3%
current return
Author Info
No bio for this author
Company Info
Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.
Market Cap
HKD 3.6T
Pitch Price
HKD 47.63
Price Target
90.00 (+58%)
Dividend
1.15%
EV/EBITDA
11.68
P/E
N/A
EV/Sales
4.74
Sector
Interactive Media and Services
Category
growth
Tencent Leverages Unrivaled Network Effects to Fuel Growth on Multiple Fronts
TCEHY: $90 PT. Wide moat from network effects, intangibles & switching costs. WeChat dominates Chinese social media (1.26B MAU). Gaming leader (56% market share) w/ hit titles. Fintech & cloud growing. 15% 5yr rev CAGR, 17% earnings CAGR. Risks: regulation, competition. Exemplary capital allocation. 70% earnings for returns, 30% investments.
Read full article (11 min)