Reading the tape
OTC: TCEHY
Tencent Holdings Limited
Communication Services · Internet Content & Information
Market Cap
$603.27B
52w High
$87.68
52w Low
$57.31
P/E
18.02
Volume
966.30K
Outstanding Shares
9.04B
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 15%Revenue (TTM): 13.3%FCF (TTM): -14.13%P/FCF: 34th pct
What changed
The stock rose 15% over the last year. Revenue grew 13.3% over the trailing twelve months. Operating margin moved from 31.52% to 31.9%. Free cash flow declined 14.13% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 31.9%. A decisive move in revenue — currently up 13.3% — would be the clearest signal to resolve the ambiguity.
Company profile
Tencent Holdings Limited, an investment holding company, provides value-added services (VAS) and Online advertising services in Mainland China and internationally.
CEOHuateng Ma
SectorCommunication Services
IndustryInternet Content & Information
Employees110,558
IPO dateJan 5, 2010
Valuation
Forward P/E—
EV/EBITDA16.95
Enterprise value$5.12T
Stock splits
May 20, 2014↑ Forward
Every 1 shares became 5
May 15, 2014↑ Forward
Every 1 shares became 5
Profitability & growth
Revenue growth11.16%
Gross margin55.26%▲6.26%vs FY2024
Operating margin32.37%▲3.29%vs FY2024
ROE18.94%▼5.00%vs FY2024
Analyst consensus
RatingBuy
Target price$102.00▲52.92%
3
Buy
0
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 13, 2026
Q2 FY26 · EPS est $1.07 · Revenue est $28.99B
View
Reported EPS · Q1 '26 · 2 beats · 2 misses in the last 4 quarters
Miss by 3.9%Actual $0.98 · Estimate $1.02 · Vs prev actual Q4 '25 -$0.08 (-7.5%)
Actual
Estimate
Beat
Miss
In line
Dividends
$0.57/shareAnnualSafeTCEHY pays a dividend with a 0.86% dividend yield, growing at 29.91% annually, covered 5.1× by free cash flow.
Dividend Yield
0.86%
Annual Div / Share
$0.57
TTM $3.91
5yr CAGR
+29.91%
Doubles every ~2.6yr
Payout Ratio
16.82%
Safe
Dividend Growth Rate
3yr CAGR
-27.38%
5yr CAGR
+29.91%
10yr CAGR
+28.56%
Dividend Safety
10/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$0.57+31.9%
2024$0.43-77.8%
2023$1.95+30.5%
2022$1.50+624.9%
2021$0.21+33.2%
2020$0.15+21.3%
2019$0.13+10.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$9/yr
$1/mo
In 5 yrs
$15/yr+76%
$1/mo
In 10 yrs
$27/yr+211%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$9/yr $1/mo | $15/yr+76% $1/mo | $27/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.86% → 2.67% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 5.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 29.91% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.