Tencent Holdings Ltd (NNND) - Net Assets
Based on the latest financial reports, Tencent Holdings Ltd (NNND) has net assets worth €1.20 Trillion EUR 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) and total liabilities (€810.46 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.20 Trillion |
| % of Total Assets | 59.74% |
| Annual Growth Rate | 30.07% |
| 5-Year Change | 35.45% |
| 10-Year Change | 763.14% |
| Growth Volatility | 20.39 |
Tencent Holdings Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Tencent Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tencent Holdings Ltd (2013–2024)
The table below shows the annual net assets of Tencent Holdings Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.05 Trillion | +20.63% |
| 2023-12-31 | €873.68 Billion | +11.60% |
| 2022-12-31 | €782.86 Billion | -10.70% |
| 2021-12-31 | €876.69 Billion | +12.68% |
| 2020-12-31 | €778.04 Billion | +59.17% |
| 2019-12-31 | €488.82 Billion | +37.23% |
| 2018-12-31 | €356.21 Billion | +28.55% |
| 2017-12-31 | €277.09 Billion | +48.78% |
| 2016-12-31 | €186.25 Billion | +52.54% |
| 2015-12-31 | €122.10 Billion | +48.68% |
| 2014-12-31 | €82.12 Billion | +40.47% |
| 2013-12-31 | €58.46 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tencent Holdings Ltd'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 1586.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €892.03 Billion | 91.63% |
| Other Components | €81.52 Billion | 8.37% |
| Total Equity | €973.55 Billion | 100.00% |
Tencent Holdings Ltd Competitors by Market Cap
The table below lists competitors of Tencent Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Johnson & Johnson
NYSE:JNJ
|
$565.08 Billion |
|
Exxon Mobil Corp
NYSE:XOM
|
$635.12 Billion |
|
Berkshire Hathaway Inc
NYSE:BRK-B
|
$652.25 Billion |
|
Eli Lilly and Company
NYSE:LLY
|
$809.09 Billion |
|
Visa Inc. Cl A
LSE:0QZ0
|
$541.43 Billion |
|
Visa Inc. Class A
NYSE:V
|
$529.71 Billion |
|
SK Hynix Inc
KO:000660
|
$467.91 Billion |
|
ASML Holding N.V.
AS:ASML
|
$465.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tencent Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 808,591,000,000 to 973,548,000,000, a change of 164,957,000,000 (20.4%).
- Net income of 194,073,000,000 contributed positively to equity growth.
- Dividend payments of 28,859,000,000 reduced retained earnings.
- Share repurchases of 102,331,000,000 reduced equity.
- Other factors increased equity by 103,562,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €194.07 Billion | +19.93% |
| Dividends Paid | €28.86 Billion | -2.96% |
| Share Repurchases | €102.33 Billion | -10.51% |
| Other Changes | €103.56 Billion | +10.64% |
| Total Change | €- | 20.40% |
Book Value vs Market Value Analysis
This analysis compares Tencent Holdings Ltd'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: 0.53x
- 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 2.07x to 0.53x 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 | €55.93 | x |
| 2018-12-31 | €33.98 | €55.93 | x |
| 2019-12-31 | €45.30 | €55.93 | x |
| 2020-12-31 | €73.38 | €55.93 | x |
| 2021-12-31 | €83.92 | €55.93 | x |
| 2022-12-31 | €75.39 | €55.93 | x |
| 2023-12-31 | €85.27 | €55.93 | x |
| 2024-12-31 | €106.49 | €55.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tencent Holdings Ltd 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): 19.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.39%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.83x
- Recent ROE (19.93%) is below the historical average (24.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 26.75% | 25.65% | 0.56x | 1.85x | €9.71 Billion |
| 2014 | 29.76% | 30.17% | 0.46x | 2.14x | €15.81 Billion |
| 2015 | 24.00% | 28.00% | 0.34x | 2.56x | €16.80 Billion |
| 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 |
Industry Comparison
This section compares Tencent Holdings Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tencent Holdings Ltd (NNND) | €1.20 Trillion | 26.75% | 0.67x | $553.51 Billion |
| WESTMINSTER RES (08W) | $4.66 Million | -31.33% | 0.12x | $6.59 Million |
| Celyad Oncology SA (1C0) | $90.89 Million | -25.97% | 0.53x | $3.24 Million |
| Global Bioenergies SA (1DK) | $10.41 Million | -83.18% | 0.75x | $465.86K |
| FIRST TIN PLC LS-001 (1SN) | $7.57 Million | -16.02% | 0.04x | $67.38 Million |
| GIEAG Immobilien AG (2GI) | $54.07 Million | 54.38% | 7.61x | $6.49 Million |
| 2invest AG (2INV) | $82.98 Million | 26.70% | 0.01x | $70.69 Million |
| RADISSON MINING RES. A (2RX) | $54.82 Million | -3.96% | 0.15x | $131.92 Million |
| TRIPLE FLAG PREC.MET. (3Y0) | $1.81 Billion | 2.00% | 0.05x | $3.51K |
| PT Central Proteina Prima Tbk (4PT) | $2.86 Trillion | 77.30% | 1.25x | $23.66 Million |
| DGH Deutsche Grundwert Holding AG (5TR) | $0.00 | 0.00% | 0.00x | $720.00K |
About Tencent Holdings Ltd
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; fi… Read more