Tencent Holdings (HTCD) Fair Value & Analysis
Communication Services · SG · Market cap 64.1B SGD
Fair value as of: Jul 4, 2026
From 24 valuation models · updated 25 days ago
Share price +8.1% over the past month.
What matters now
- Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (6.85 SGD to 17.80 SGD) leaves room in how you read the outcome.
Price vs Fair Value (12 months)
12‑month range 6.83 SGD – 11.14 SGD · fair‑value band 6.85 SGD – 17.80 SGD · the 7.38 SGD price screens below the 9.31 SGD fair value. As of Jul 4, 2026.
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Tencent Holdings (HTCD) currently trades at 7.38 SGD, while our model-based Fair Value estimate is 9.31 SGD, implying the stock looks roughly 26.2% undervalued today. We read business quality at 59/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Tencent Holdings generated revenue of 768B SGD at a net margin of 30.6%. Revenue grew 9.1% year over year. It earns a return on equity of 20.5%. Net debt stands at 247B SGD. Fundamentals as of Jul 4, 2026
Our scenario range runs from 6.85 SGD (bear case) to 17.80 SGD (bull case); at 7.38 SGD, the current price sits within that range. The share trades about 34% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -12% fair-value upside, at 26%, HTCD screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 4, 2026. TTM = trailing twelve months.
Quality Score breakdown
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.
Full company description
Tencent Holdings Limited, an investment holding company, provides value-added services, marketing services, fintech, and business services in Mainland China and internationally. The company's consumers business includes communications and social services, such as instant messaging and social networks; digital content, including online games, videos, live streaming, news, music, and literature; fintech services, which include mobile payment, wealth management, consumer loans, and securities trading; and various tools comprising network security management, browsing, navigation, application management, email, etc. Its enterprise business comprises marketing solutions, which offer digital tools, including user insight, creative management, placement strategy, and digital assets management; and cloud services, such as cloud computing, big data analytics, artificial intelligence, Internet of Things, and security and other technologies for financial services, education, healthcare, retail, industry, transport, energy, and radio and television industries. The company also invests in, produces, and distributes films and television programs; offers copyrights licensing and merchandise sales and other services; provides internet advertisement services; and offers software development, and information technology and system integration services, as well as develops and operates mobile games. The company was formerly known as Tencent (BVI) Limited and changed its name to Tencent Holdings Limited in February 2004. Tencent Holdings Limited was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tencent Holdings reported revenue of 752B SGD in FY2025 versus 560B SGD in FY2021, a compound +7.6%/yr. Reported net income was 225B SGD in FY2025, compounding +0.0%/yr from FY2021.
Is HTCD fairly valued? → Check now
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Alphabet Inc GOOGL | $372.19 | $329.26 | -12% |
| Meta Platforms, Inc META | $563.85 | $651.16 | +15% |
| Spotify Technology S.A SPOT | $503.10 | $263.98 | -48% |
| Recruit Holdings RCRUY | $16.00 | $9.86 | -38% |
| Baidu, Inc BAIDF | $14.25 | $8.23 | -42% |
| Reddit, Inc RDDT | $172.21 | $97.15 | -44% |
| Kuaishou Technology, an investment holding company, KUASF | $6.13 | $13.39 | +118% |
| Tencent Music Entertainment Group TCMEF | $6.24 | $7.25 | +16% |
| NAVER Corporation 035420 | 227,000 KRW | 281,785 KRW | +24% |
| REA Group RPGRF | $124.45 | $59.79 | -52% |
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Price, fair value, quality and upside side by side.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.