Tencent Holdings Ltd ADR (NNN1) - Net Assets

Latest as of June 2025: €1.20 Trillion EUR ≈ $1.41 Trillion USD

Based on the latest financial reports, Tencent Holdings Ltd ADR (NNN1) has net assets worth €1.20 Trillion EUR (≈ $1.41 Trillion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.01 Trillion ≈ $2.35 Trillion USD) and total liabilities (€810.46 Billion ≈ $947.51 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Tencent Holdings Ltd ADR to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€1.20 Trillion
% of Total Assets	59.74%
Annual Growth Rate	23.46%
5-Year Change	41.56%
10-Year Change	N/A
Growth Volatility	19.92

Tencent Holdings Ltd ADR - Net Assets Trend (2016–2025)

This chart illustrates how Tencent Holdings Ltd ADR's net assets have evolved over time, based on quarterly financial data. See NNN1 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Tencent Holdings Ltd ADR (2016–2025)

The table below shows the annual net assets of Tencent Holdings Ltd ADR from 2016 to 2025. For live valuation and market cap data, see how much is Tencent Holdings Ltd ADR worth.

Year	Net Assets	Change
2025-12-31	€1.24 Trillion ≈ $1.45 Trillion	+17.76%
2024-12-31	€1.05 Trillion ≈ $1.23 Trillion	+20.63%
2023-12-31	€873.68 Billion ≈ $1.02 Trillion	+11.60%
2022-12-31	€782.86 Billion ≈ $915.25 Billion	-10.70%
2021-12-31	€876.69 Billion ≈ $1.02 Trillion	+12.68%
2020-12-31	€778.04 Billion ≈ $909.61 Billion	+59.17%
2019-12-31	€488.82 Billion ≈ $571.49 Billion	+37.23%
2018-12-31	€356.21 Billion ≈ $416.44 Billion	+28.55%
2017-12-31	€277.09 Billion ≈ $323.95 Billion	+48.78%
2016-12-31	€186.25 Billion ≈ $217.74 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Tencent Holdings Ltd ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 629.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€1.01 Trillion	87.55%
Other Components	€143.72 Billion	12.45%
Total Equity	€1.15 Trillion	100.00%

Tencent Holdings Ltd ADR Competitors by Market Cap

The table below lists competitors of Tencent Holdings Ltd ADR ranked by their market capitalization.

Company	Market Cap
ASML HOLDING NY EO-09 F:ASMF	$520.31 Billion
Oracle Corporation NYSE:ORCL	$527.84 Billion
ASML Holding NV ADR NASDAQ:ASML	$546.45 Billion
Visa Inc. Class A NYSE:V	$548.33 Billion
SK Hynix Inc KO:000660	$467.91 Billion
Mastercard Inc NYSE:MA	$429.87 Billion
Costco Wholesale Corp NASDAQ:COST	$428.22 Billion
Applied Materials Inc NASDAQ:AMAT	$396.35 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tencent Holdings Ltd ADR's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 973,548,000,000 to 1,154,152,000,000, a change of 180,604,000,000 (18.6%).
Net income of 224,842,000,000 contributed positively to equity growth.
Dividend payments of 37,535,000,000 reduced retained earnings.
Share repurchases of 73,312,000,000 reduced equity.
Other factors increased equity by 68,757,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€224.84 Billion	+19.48%
Dividends Paid	€37.53 Billion	-3.25%
Share Repurchases	€73.31 Billion	-6.35%
Other Changes	€68.76 Billion	+5.96%
Total Change	€-	18.55%

Book Value vs Market Value Analysis

This analysis compares Tencent Holdings Ltd ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.43x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.06x to 0.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	€26.96	€55.50	x
2018-12-31	€33.98	€55.50	x
2019-12-31	€45.30	€55.50	x
2020-12-31	€73.38	€55.50	x
2021-12-31	€83.92	€55.50	x
2022-12-31	€75.39	€55.50	x
2023-12-31	€85.27	€55.50	x
2024-12-31	€106.49	€55.50	x
2025-12-31	€127.83	€55.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tencent Holdings Ltd ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 19.48%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 29.91%
• Asset Turnover: 0.37x
• Equity Multiplier: 1.77x
Recent ROE (19.48%) is below the historical average (22.77%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	23.53%	27.05%	0.38x	2.27x	€23.63 Billion
2017	27.93%	30.08%	0.43x	2.17x	€45.90 Billion
2018	24.33%	25.17%	0.43x	2.24x	€46.37 Billion
2019	21.56%	24.73%	0.40x	2.20x	€50.04 Billion
2020	22.71%	33.16%	0.36x	1.89x	€89.45 Billion
2021	27.88%	40.14%	0.35x	2.00x	€144.19 Billion
2022	26.09%	33.95%	0.35x	2.19x	€116.10 Billion
2023	14.25%	18.92%	0.39x	1.95x	€34.36 Billion
2024	19.93%	29.39%	0.37x	1.83x	€96.72 Billion
2025	19.48%	29.91%	0.37x	1.77x	€109.43 Billion

Industry Comparison

This section compares Tencent Holdings Ltd ADR's net assets metrics with peer companies in the Internet Content & Information industry.

Industry Context

Industry: Internet Content & Information
Average net assets among peers: $203,423,222,000
Average return on equity (ROE) among peers: 8.26%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tencent Holdings Ltd ADR (NNN1)	€1.20 Trillion	23.53%	0.67x	$518.72 Billion
TIAN GE INT.HLDGS DL-0001 (04T)	$2.23 Billion	0.89%	0.17x	$82.36 Million
CHEET.M.ADR 50 NEW (0C9)	$1.96 Billion	-13.16%	1.39x	$54.27 Million
Fiverr International Ltd (11V)	$362.65 Million	5.03%	1.95x	$307.56 Million
HELL.UNSP.ADR A1 DL-0001 (1MO)	$11.08 Billion	7.25%	0.24x	$718.04 Million
PHOENIX NEW MED.ADR 1/48 (1PX)	$1.11 Billion	-4.81%	0.54x	$9.09 Million
RECRUIT HLD.UNSP.ADR/02 (1RHA)	$2.01 Trillion	17.60%	0.57x	$41.23 Billion
AUTO TRADER ADR 1/4 LS-01 (2UA0)	$552.30 Million	46.51%	0.19x	$4.85 Billion
Opera Limited (2V8)	$888.21 Million	1.69%	0.09x	$1.42 Billion
WEIBO CORP. A (2WB)	$3.52 Billion	9.74%	1.07x	$1.18 Billion
Weibo Corporation (2WBA)	$3.62 Billion	11.83%	1.08x	$1.18 Billion

About Tencent Holdings Ltd ADR

F:NNN1 Germany Internet Content & Information

Market Cap

$585.34 Billion

€500.68 Billion EUR

Market Cap Rank

#32 Global

#4 in Germany

Share Price

€55.50

Change (1 day)

-0.89%

52-Week Range

€53.00 - €75.00

All Time High

€75.88