Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
DCF Valuation
Base-case fair value
¥469.38
Intrinsic ¥625.84 · 25% MOS
Current price: ¥462.60
Base-case summary
Our base-case DCF for Tencent Holdings Ltd (0700.XHKG) projects 10 years of free cash flow growth at 11.0% for years 1–5 and 5.5% for years 6–10, anchored to 11.0% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from ¥190.2B in trailing free cash flow, this produces an intrinsic value of ¥625.84 per share. A 25% safety margin gives a fair value of ¥469.38, suggesting the stock is currently 1% undervalued against the ¥462.60 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
¥190.2B
Cash & equivalents
¥426.8B
Total debt
¥406.4B
Shares outstanding
9.1B