Tencent Holdings Ltd (NNND) - Net Assets

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

Based on the latest financial reports, Tencent Holdings Ltd (NNND) 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 Tencent Holdings Ltd tangible net worth ratio 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	29.0%
5-Year Change	41.56%
10-Year Change	566.35%
Growth Volatility	19.9

Tencent Holdings Ltd - Net Assets Trend (2013–2025)

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

Annual Net Assets for Tencent Holdings Ltd (2013–2025)

The table below shows the annual net assets of Tencent Holdings Ltd from 2013 to 2025. For live valuation and market cap data, see market cap of Tencent Holdings Ltd.

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	+52.54%
2015-12-31	€122.10 Billion ≈ $142.75 Billion	+48.68%
2014-12-31	€82.12 Billion ≈ $96.01 Billion	+40.47%
2013-12-31	€58.46 Billion ≈ $68.35 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 1810.6% 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 Competitors by Market Cap

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

Company	Market Cap
Oracle Corporation NYSE:ORCL	$563.56 Billion
Intel Corporation NASDAQ:INTC	$566.48 Billion
Exxon Mobil Corp NYSE:XOM	$637.42 Billion
Berkshire Hathaway Inc NYSE:BRK-B	$664.71 Billion
ASML Holding NV ADR NASDAQ:ASML	$546.45 Billion
Johnson & Johnson NYSE:JNJ	$537.85 Billion
ASML HOLDING NY EO-09 F:ASMF	$520.31 Billion
Tencent Holdings Ltd ADR F:NNN1	$518.72 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 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'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: 0.40x
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 1.89x to 0.40x 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	€50.90	x
2018-12-31	€33.98	€50.90	x
2019-12-31	€45.30	€50.90	x
2020-12-31	€73.38	€50.90	x
2021-12-31	€83.92	€50.90	x
2022-12-31	€75.39	€50.90	x
2023-12-31	€85.27	€50.90	x
2024-12-31	€106.49	€50.90	x
2025-12-31	€127.83	€50.90	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): 19.48%
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 (23.71%), 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
2025	19.48%	29.91%	0.37x	1.77x	€109.43 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
Covestro AG (1COV)	$4.22 Billion	18.86%	1.43x	$11.10 Billion
2invest AG (2INV)	$61.58 Million	-34.16%	0.01x	$70.69 Million
COINSHARES I. LS-000247 (3TW)	$-1.41K	0.00%	0.00x	$472.53 Million
Adaptimmune Therapeutics plc (473A)	$202.98 Million	-34.55%	0.39x	$42.94 Million
KINGMAN MINERALS LTD. (47A)	$1.44 Million	-21.74%	0.28x	$291.89K
GENOR BIOPHARMA DL-00002 (67N0)	$1.81 Billion	-40.45%	0.17x	$125.12 Million
Biotest Aktiengesellschaft (BIO)	$269.86 Million	10.38%	1.35x	$976.15 Million
Biotest Aktiengesellschaft (BIO3)	$371.10 Million	-8.54%	2.24x	$656.94 Million
Bancolombia S.A (BXK)	$28.12 Trillion	0.98%	8.09x	$4.84 Billion
mVISE AG (C1V)	$3.44 Million	-64.81%	3.31x	$10.43 Million

About Tencent Holdings Ltd

F:NNND Germany

Market Cap

$569.58 Billion

€487.20 Billion EUR

Market Cap Rank

#26 Global

#2 in Germany

Share Price

€50.90

Change (1 day)

-0.08%

52-Week Range

€49.98 - €74.90

All Time High

€74.90