It’s time for the year-end summary, but last year’s heavy position in property stocks and this year’s heavy position in new energy, everyone knows how miserable it is, so I’m really embarrassed to write it, so let’s take stock of Tencent’s data for this year.
1. Stock price and market value
As an old chuck, it is a bit vulgar to raise the stock price, but I still released the stock price changes of Tencent this year.
From the beginning of the year to the end of the year, Tencent’s stock price fell from 441.3 to 334 Hong Kong dollars, a drop of 24.31%, and a year earlier it fell by 18.8%. Tencent’s stock price fell by 38.5% for two consecutive years. If calculated from last year’s high point, it has fallen by about 54.8%.
On February 10 this year, the highest point of Tencent’s stock price was 485.8 Hong Kong dollars, and the lowest point was 198.6 Hong Kong dollars on October 25, a drop of 59.12%. The highest market value is 597.9 billion US dollars, and the lowest market value is 244.4 billion US dollars. Congratulations to the lowest point for bravely buying bottoms and getting the current Warriors all the time. I started to build a position with 500 Hong Kong dollars, and made up all the way down. Now the cost price is 350 Hong Kong dollars. As a hard-working person who has a heavy position in property stocks last year and electric vehicles this year, the heavy position in Tencent is the only comforting thing in the past two years.
2. Repurchase
This year, a total of 107 million shares have been repurchased, with a cumulative cost of 33.8 billion Hong Kong dollars and an average repurchase price of 316 Hong Kong dollars.
The number of repurchased shares accounted for 4.47% of Tencent’s transaction volume during the repurchase period, and the repurchase amount accounted for 4.29% of the transaction volume during the same period.
3. Dividends
This year’s cash dividend is expected to be approximately HK$1.6 per share, with a total cash dividend of around HK$15.3 billion. Meituan shares distributed a total of 958 million shares, with a closing price of 174.7 Hong Kong dollars today, with a total value of 167.4 billion. Cash dividend + share distribution, the total dividend is about 182.7 billion Hong Kong dollars (about 23 billion U.S. dollars), equivalent to 19.1 Hong Kong dollars per share.
The total dividend amount in the past 9 years is about 366.9 billion Hong Kong dollars (47 billion U.S. dollars), and the cumulative free cash flow in the past 9 years is 848.9 billion Hong Kong dollars, with a dividend rate of 43%. Thank you for the powerful management. After the distribution of JD.com, Meituan, and Tencent, there are still hundreds of billions of dollars in investment in the safe. The next hope is to distribute Pinduoduo. Regardless of Pinduoduo, Kuaishou will be distributed. I am looking forward to it.
Remark:
A. The related amounts are all in Hong Kong dollars, and the free cash flow is converted from RMB into Hong Kong dollars at today’s exchange rate of 1.1198.
B. This year’s share capital, dividends per share, and free cash flow data are estimates, and there should be little difference.
C. The total value of JD.com’s distributed shares is calculated based on the closing stock price of the day before the shares arrive; the total value of Meituan’s distributed shares is calculated based on today’s closing price.
4. Additional issue
Restricted shares: This year, 54.2 million restricted shares will be issued in 6 batches, of which the first five batches have been issued, and the sixth batch has not yet been issued, and it is expected to be soon. Note: Restricted shares are distributed to employees free of charge.
Options: Tencent employees (including resigned employees) have exercised a total of 6.66 million stock options this year, with an average exercise price of 164 Hong Kong dollars, from which Tencent received 1.09 billion Hong Kong dollars in cash. Note: The options issued to employees have costs, and the earlier the options are issued, the lower the cost, even close to zero.
Additional issuance of restricted shares + exercise of options resulted in a total increase of 60.86 million shares this year.
5. Share capital
Subtracting the 6.64 million shares that have not yet been canceled and the 9.35 million shares that have not yet been issued in the last batch of restricted shares, as of the end of this year, Tencent’s total share capital is approximately 9.572 billion shares, a decrease of 36.73 million shares compared to last year. Total equity is roughly back to 2019 levels.
6. Version number
In 2022, the version department approved a total of 513 version numbers, and Tencent has obtained a total of 6 game version numbers this year (the Ark of Destiny is not sure). There are three client version numbers and three mobile version numbers.
7. Foreign investment (listed part)
The detailed list data of investment companies, due to the large number, will not be published in detail here, and a summary article will be published next time. Today, the main statistics are the overall investment data, increase and decrease data, and new listing data.
Overall data (RMB):
Note:
A, A shares, Hong Kong stocks, and Korean stocks are based on stock price statistics on December 31; U.S. stocks and French stocks are based on stock price statistics on December 30.
B. A-share holdings are based on Q3 financial report statistics; US and Hong Kong stock holdings are based on interim reports and the latest statistics on increase and decrease of holdings.
The latest listed company holds a market value of 495.7 billion, which is a decrease of 202.2 billion yuan compared with the market value of 697.9 billion reported in the interim report. The latest data deducted about 149.1 billion yuan distributed by Meituan. Without this part, the latest market value decreased by 53.1 billion yuan compared with the mid-term report, a decrease of 7.6%.
Increase or decrease of holdings:
The annual report of Hong Kong and US stocks has not been released, and there is not much data on the increase and decrease of holdings. The data on the increase and decrease of A shares is mainly collected.
A-shares reduced holdings of three companies: Kingsoft Office, NavInfo, and Huayi Brothers; increased holdings of one company: Bosi Software. Hong Kong stocks have reduced their holdings of a company: Meituan.
latest release:
This year, five invested companies went public. Based on today’s stock price, Tencent’s shareholding is worth HK$8.3 billion.
8. Major shareholders reduce their holdings
Announcement reduction data:
As of December 13, 2022, a total of 181 million shares have been reduced this year, with a reduction ratio of 1.87%. The cash amount is estimated to be 47.1 billion Hong Kong dollars, and the average price of the reduction is 261 Hong Kong dollars.
Major shareholder repurchase data (100 million Hong Kong dollars):
As of December 25, Prosus has repurchased a total of 106 million shares of its own shares, and the repurchase amount is equivalent to 49.8 billion Hong Kong dollars. During the same period, Tencent’s turnover was 994.4 billion Hong Kong dollars. According to the estimate that the repurchase amount is approximately equal to the reduction of Tencent’s cash holdings, Prosus will reduce its holdings this year The amount accounted for 5.01% of Tencent’s transaction volume during the same period.
Note:
A. Prosus’s repurchase funds come from the reduction of Tencent’s shares. Basically, the amount of repurchase is basically equal to the repurchase amount.
B. Naspers’ repurchase funds come from the reduction of Prosus shares. When Prosus repurchases 100 of its own shares, Naspers will reduce its holdings of 43 Prosus shares, so as to maintain the proportion of Prosus shares it holds at about 43%.
Attachment: Tencent-related research articles, follow me to get Tencent-related research data for the first time.
Video account investment meeting minutes: DAU 364 million, MAU 820 million, GMV 130 billion
Three hedging schemes to lock in the income of Meituan shares distributed by Tencent in advance
List of listed companies invested by Tencent, shareholding ratio, and valuation list【Latest】
Tencent’s return on investment & summary of external investment and recovery data
How Much is Tencent Worth? – Valuing Tencent with Discounted Cash Flow
Break through the fog to explore Tencent’s real profit data
Interpretation of Tencent’s 2022Q3 financial report data & details of Meituan’s share distribution
Interpretation of Tencent’s 2022 Q2 financial report & historical data
Interpretation of Tencent’s 2022 Q1 Financial Report & Where did the profits go?
Summary of Tencent Holdings 2022 Q3 Earnings Conference Call
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