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1.

If you don't have "GuruFocus" tab in the menu, please download and i
2. Make sure you login your account. The username/password are the sa
3. This is a two stage Fair-Value-Calcuator based on discounted earnings.

Fair Value Calculator


Symbol TENCENT
Growth Rate (Growth Stage) 20.00%
Discount Rate 12.00%
Terminal Growth Rate 10.00%

Please do not make changes to the content below

Year 2023
EPS without NRI 1.9
X 1.071
Y 0.982
Growth Value 2024 2025 2026 2027
$ 28.32 2.04 2.18 2.34 2.50

Terminal Value 2034 2035 2036 2037


$ 34.35 3.72 3.65 3.59 3.52

Fair Value $ 62.67


Price $ 44.75
Margin of Safety 29%
the menu, please download and install GuruFocus Excel Add-in at:
he username/password are the same as you have on GuruFocus.com
or based on discounted earnings. Go here to learn more: http://www.gurufocus.com/news/39330

2028 2029 2030 2031 2032 2033


2.68 2.87 3.08 3.30 3.54 3.79

2038 2039 2040 2041 2042 2043


3.46 3.40 3.34 3.28 3.22 3.16

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