This ironically has not appeared to be the case with TCEHY, which has fallen over 40% from all time highs earlier this year: Now trading around $59 per share, TCEHY is barely higher than where it traded at the beginning of 2018. Tencent Holdings Limited (TCEHY) Stock Price, News, Quote & History - Yahoo Finance Tencent Holdings Limited (TCEHY) Other OTC - Other OTC Delayed Price. China moving to take 'golden shares' in Alibaba, Tencent units - FT, Ten Big Tech Stocks Lost $4.6T Market Cap in 2022. Get them exclusively at Asia Value & Moat Stocks. View Tencent's Short Interest. Tencent - TCEHY Stock Forecast, Price & News $47.24 +0.69 (+1.48%) (As of 03/2/2023 12:00 AM ET) Compare Today's Range $45.84 $47.37 50-Day Range $40.26 $52.55 52-Week Range $24.75 $53.44 Volume 4.22 million shs Average Volume 3.34 million shs Market Capitalization $451.53 billion P/E Ratio 16.99 Dividend Yield 0.38% Price Target $189.00 The P/E ratio of Tencent is 16.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.03. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Learn more. I explain what I am waiting for before pounding the table. Tencent's OTC shares are relatively less liquid than the company's shares listed on the Hong Kong Stock Exchange. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. tcehy stock forecast 2030 - dgeniusholdings.com At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Even before accounting for operating leverage, a 40x earnings multiple wouldnt be unreasonable in light of that growth rate. The lowest target is $ 28.32 and the highest is $ 73.81. Tencent Holdings Limited company was founded in 1998 and is headquartered in Shenzhen, the People's Republic of China. For the next year, analysts predict that Fair Value . The cloud business of Chinese technology giant Tencent announced the collaboration in a press release on Abhay Deshpande, Centerstone Investors chief investment officer,, joins 'The Exchange' to discuss why he calls the current market a stock picker's market and offers the top names to buy. The stock appears to have around 100% upside even to conservative multiples, and I explain what investors should wait for before buying into the stock. 1 year Tencent Holdings Ltd ADR Forecast: 99.000997145002 *, 5 year Tencent Holdings Ltd ADR Forecast: 409.555 *. Sign-up to receive the latest news and ratings for Tencent and its competitors with MarketBeat's FREE daily newsletter. I have no business relationship with any company whose stock is mentioned in this article. Notably, Tencent Holdings' core Value-added Services or VAS business, comprising of social networking and online gaming operations, have a significant influence on society and youths. As highlighted earlier, Tencent Holdings' shares dropped by almost -8% from HK$531.00 as of July 23, 2021 to HK$490.00 as of July 26, 2021. Cloudflare is currently guiding for fiscal 2021 revenue of $612 million to $616 million, implying a 42% year-over-year rise at the midpoint. With second-quarter earnings scheduled for Aug. 3, the short-term share price trajectory will depend on factors such as whether the company surpasses analysts' estimates, changes in its fiscal 2021 outlook and paying user base, and future developments in international market expansion and partnerships. This includes personalizing content and advertising. Per a report published on Yahoo Finance, the global eSports market size is likely to expand by $3.5 billion till 2027, at a CAGR of 21.81%. buying earnings power at a discount in great companies like "Magic Formula" stocks, high quality businesses, hidden champions and wide moat compounders). Currency in USD Follow 47.12 -0.12. The company trades at only 20x earnings even before accounting for equity investments on its balance sheet, which total over 20% of the current market cap. ~ Howard Marks. Tencent Holdings Limited Stock Forecast and Price Prognosis Data for 2026 . 5 brokerages have issued 12 month price targets for Tencent's stock. I would expect that if it announced and actually repurchased even $10 billion of stock, then I personally might find myself buying the stock upon evidence of an executed material buyback program. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Furthermore, Tencent's current consensus forward next twelve months' normalized P/E multiple of 26.8 times represents a significant discount to its five-year and 10-year average forward P/E multiples of 33.0 times and 31.0 times, respectively. This product is for educational purposes only. I wrote this article myself, and it expresses my own opinions. Taking into account the potential downside risks to the company's bottom line in the next couple of years, I choose to keep my Neutral rating for Tencent Holdings. These returns cover a period from January 1, 1988 through January 2, 2023. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Tencent Holdings has risen higher in 9 of those 14 years over the subsequent 52-week period, corresponding to a historical accuracy of 64.29%, Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and. In 2021, TCEHY's revenue was 560.12 billion, an increase of 16.19% compared to the previous year's 482.06 billion. This all started at the beginning of the month, when DiDi Global (DIDI), the largest player in the Chinese ride-hailing market, was requested by the Chinese regulators to undergo a cyber-security review a few days following its IPO on the NYSE. Visit Performance Disclosure for information about the performance numbers displayed above. Tech Sell-Off: 1 Supercharged Growth Stock Down 83% to Buy Like There's No Tomorrow, Prediction: These Will Be 2 of the Best Stocks to Buy in 2023, Why Sea Limited Stock Plunged Underwater on Thursday, Why Sea Limited Climbed 17.5% in November, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table. While not yet a profitable venture, gross orders on Shopee jumped 134.6% year over year to one billion and gross merchandise value of orders processed on the platform rose year over year by 112.5% to $11.9 billion in the first quarter. Investors of record on Friday, May 20th will be given a dividend of $0.18 per share on Tuesday, June 21st. is $59.05 , for 2027 Mar. 3 Stocks That Could Turn $10,000 Into $50,000 by 2030 proporcionarte nuestros sitios y aplicaciones; autenticar usuarios, aplicar medidas de seguridad y evitar el spam y los abusos, y. medir el uso que haces de nuestros sitios y aplicaciones. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. tcehy stock forecast 2030 - apnaswarg.com To make the world smarter, happier, and richer. Over the next 52 weeks, Tencent Holdings has on average historically risen by 30.1% based on the past 13 years of stock performance. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Factset: FactSet Research Systems Inc.2019. During that same time period, TCEHY has more than doubled both its top and bottom lines: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. View the best growth stocks for 2023 here. Tencent Holdings Ltd ADR stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. Tencent Layoffs 2023: Is TCEHY Gearing Up for More Job Cuts? Shopify Stock Forecast 2023 - 2025 - 2030 | StockForecast.com Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The company charges 15% of the gross proceeds paid by players for its services. The news flow for Tencent in recent weeks is also negative. 2. The company is also involved in the production, investment, and distribution of films and television programs for third parties, as well as copyrights licensing, merchandise sales, and other activities. I understand that I am receiving a special one-time deal and will be billed $397 for 6 months membership (instead of the usual 3 months quarterly membership) and that after 6 months I will be billed at $397 quarterly thereafter unless I choose to cancel, which I may do at any time. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. Invest better with The Motley Fool. With the eSports market currently valued at $1.4 billion . If you do not, click Cancel. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.28% per year. This represents an update of my prior article for Tencent Holdings published on March 29, 2021. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Fed's Shocking New Plan to Control Your Money, Oriental Culture (NYSE:OCG) versus Tencent (OTCMKTS:TCEHY) Head to Head Review, Tencent Eyes Deal To Sell Meta's Quest 2 VR Headset in China, The Biggest Videogaming Market, Alibaba Rival Tencent Dumps Metaverse Ambitions As Macro Uncertainties Weigh, Tencent And NetEase Score Wins As Chinese Regulator Doles Out Gaming Licenses; Alibaba Bags One This Time Too, Tencent, NetEase Score More Wins As China Awards More Gaming Licenses: Report, China's Tencent Looking to Gobble Up 'Angry Birds' Maker Rovio, China Taps Alibaba, Tencent To Beat US Sanctions, The Best Way to Invest in Emerging Markets Just Got Even Better, TENCENT HLDGS UNSP/ADR (TCEHY) Q3 2022 Earnings Call Transcript. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Considering that Tencent's current valuations have priced in the known and obvious regulatory headwinds and policy issues to a large extent, I retain a Neutral rating for Tencent Holdings. Applying a multiple of 8-10 times on estimated sales, the company's valuation will gallop to about $10 trillion,. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. Get the latest Tencent Holdings ADR (TCEHY) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Financhill is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority.