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How Chinese Gaming Majors’ Valuations Stack Up

Amanda Lawrence
Updated
How Chinese Gaming Majors’ Valuations Stack Up

In this part, we’ll discuss the valuation expectations for Chinese gaming majors and Alibaba (BABA). Tencent (TCEHY) has a “buy” recommendation from one analyst. The company has revenue forecasts of 322.5 billion yuan, 443.5 billion yuan, and 569.4 billion yuan for the fiscal years ending on December 31, 2018, 2019, and 2020, respectively. Stock price loss was partially offset by the revenue projections, which translated into impressive dividend yields and cheaper valuations for the company. Tencent expects PE multiples of 34.5x, 25.1x, and 17. ...

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