Value Investing with Sven Carlin, Ph.D.Published 2026-08-25
“Prosus = Tencent With A BIG DISCOUNT + MORE!!!”
$PROSYBullish
Prosus is undervalued given its discount to net asset value and buyback-driven value accretion, but the thesis depends on management delivering promised profits and avoiding value-destructive AI acquisitions.
If you want to check Prosus out, which owns a 20-something percent stake in Tencent, it's trading at a discount, but is a different story when it comes to investing.
Let's start with Prosus. It's based on Tencent. The stock follows Tencent. So, in the last 5 years, it did what Tencent did, but the situation is different. The P/E ratio is eight, even lower perhaps if you look at from another buyback perspective.
What they said to watch for