As of 2025-06-17, the Intrinsic Value of Tencent Holdings Ltd (700.HK) is 406.30 HKD. This 700.HK valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 509.50 HKD, the upside of Tencent Holdings Ltd is -20.30%.
The range of the Intrinsic Value is 309.60 - 597.48 HKD
Based on its market price of 509.50 HKD and our intrinsic valuation, Tencent Holdings Ltd (700.HK) is overvalued by 20.30%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 309.60 - 597.48 | 406.30 | -20.3% |
| DCF (Growth 10y) | 363.99 - 660.59 | 464.52 | -8.8% |
| DCF (EBITDA 5y) | 319.73 - 578.01 | 469.55 | -7.8% |
| DCF (EBITDA 10y) | 372.19 - 642.25 | 519.35 | 1.9% |
| Fair Value | 594.70 - 594.70 | 594.70 | 16.72% |
| P/E | 447.69 - 568.34 | 503.62 | -1.2% |
| EV/EBITDA | 188.96 - 459.01 | 353.28 | -30.7% |
| EPV | 118.60 - 155.36 | 136.98 | -73.1% |
| DDM - Stable | 192.14 - 483.49 | 337.82 | -33.7% |
| DDM - Multi | 276.98 - 546.98 | 368.30 | -27.7% |
| Market Cap (mil) | 4,682,198.00 |
| Beta | 1.19 |
| Outstanding shares (mil) | 9,189.79 |
| Enterprise Value (mil) | 4,928,771.50 |
| Market risk premium | 5.98% |
| Cost of Equity | 9.55% |
| Cost of Debt | 5.00% |
| WACC | 9.15% |