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Tenaga Nasional Berhad (5347.KL)

MYR14.40 +0.10 (+0.70%)
MY KLS Utilities Regulated Electric
Address TNB Platinum 59100
Kuala Lumpur, SEL, MY
CEO Shamsul bin Ahmad
Website tnb.com.my
IPO 2006-05-09
ISIN MYL5347OO009

Explore sections of this company profile

Also trades on Malaysian Stock Exchange · 5347.KL (MYR) Other OTC · TNABF (USD) Other OTC · TNABY (USD)
Description

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally. It operates and maintains thermal and hydroelectric power plants; and operates and manages the National Grid that is connected to Thailand's transmission system, as well as Singapore's transmission system at Senoko. The company also supplies fuel and coal for power generation; generates, distributes, supplies, deals in, and sells various energy sources, as well as provides related technical services; develops district cooling systems; operates and maintains co-generation works; manufactures, sells, and repairs distribution, power, and earthing transformers; and owns, develops, and manages dry bulk terminals. In addition, it provides turnkey contracting services to transmission substations; repair and maintenance services to heavy industries and other related services; operation and maintenance services to telecommunication equipment and data centres; higher education, telecommunication, and IT infrastructure solution and services; research and development services in the areas of engineering, information technology, business, accountancy, and liberal studies; and training courses. Further, the company offers insurance and reinsurance, technical and laboratory, consultancy, and other services; manufactures and distributes power and general cables, and aluminum rods; operates an integrated district cooling systems for air conditioning systems of office buildings; assembles, manufactures, tests, reconditions, and distributes high and medium voltage switchgears and control gears for transmission and distribution of electric power; and operates wind assets. It primarily serves commercial, industrial, and residential customers. The company was founded in 1949 and is headquartered in Kuala Lumpur, Malaysia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
MYR14.40 +0.10 (+0.70%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.35
Float Shares
3.34B
Free Float %
57.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.52% -1.93% -2.86% +0.42% +8.70% +3.79% +1.71% +48.64% +42.83% +1.71% +149.82%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
14.40
DCF (Unlevered) 58.89 +308.9%
DCF (Levered) 64.21 +345.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 90% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 15 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.12
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Electric: +9.0%
    +19.4% Q1'26: +6.6% (vs Q1'25)
  • EPS growth Regulated Electric: +12.7%
    +1.2% Q1'26: +5.6% (vs Q1'25)
  • FCF margin FCF growth · Regulated Electric: +35.5%
    +8.6% Q1'26: +13.7% (vs Q1'25)
  • EBIT margin Regulated Electric: +19.9%
    +16.6% Q1'26: +19.4% (vs Q1'25)
  • ROIC Regulated Electric: +4.4%
    +6.7% Q1'26: +7.2% (vs Q1'25)
  • Share dilution Regulated Electric: +0.0%
    +0.2% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Regulated Electric: 4.23×
    3.87× Q1'26: 3.61× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.38) × ERP
WACC = 48% × Ke + 52% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 59.17 Current price: 14.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
18 Rev. Ana.
20 EPS Ana.
Dec 2027
17 Rev. Ana.
18 EPS Ana.
Dec 2028
9 Rev. Ana.
9 EPS Ana.
Revenue
43.29B
est: 43.46B (-0.4%)
44.53B
est: 45.34B (-1.8%)
47.42B
est: 47.10B (+0.7%)
50.39B
est: 49.30B (+2.2%)
50.94B
est: 50.94B (0.0%)
43.98B
est: 49.51B (-11.2%)
52.63B
est: 48.68B (+8.1%)
73.18B
est: 60.49B (+21.0%)
53.07B
est: 53.18B (-0.2%)
56.74B
est: 54.64B (+3.8%)
67.72B
est: 65.61B (+3.2%)
68.71B
64.59B – 73.36B
+4.7% YoY
70.90B
64.72B – 76.52B
+3.2% YoY
74.31B
68.82B – 79.77B
+4.8% YoY
EBITDA
13.15B
est: 15.65B (-16.0%)
14.66B
est: 16.32B (-10.2%)
5.39B
est: 16.96B (-68.2%)
13.12B
est: 17.75B (-26.1%)
19.00B
est: 18.34B (+3.6%)
18.45B
est: 17.83B (+3.5%)
19.24B
est: 17.53B (+9.8%)
21.00B
est: 21.78B (-3.6%)
18.97B
est: 19.15B (-0.9%)
21.04B
est: 18.83B (+11.7%)
23.22B
est: 22.62B (+2.7%)
23.68B
22.26B – 25.29B
+4.7% YoY
24.44B
22.31B – 26.38B
+3.2% YoY
25.61B
23.72B – 27.50B
+4.8% YoY
EBIT
8.15B
est: 6.88B (+18.5%)
9.15B
est: 7.18B (+27.5%)
3.34B
est: 7.45B (-55.2%)
6.55B
est: 7.80B (-16.0%)
8.89B
est: 8.06B (+10.3%)
7.91B
est: 7.84B (+0.9%)
8.55B
est: 7.71B (+10.9%)
9.69B
est: 9.57B (+1.3%)
7.70B
est: 8.42B (-8.5%)
9.91B
est: 8.52B (+16.4%)
11.24B
est: 10.23B (+9.9%)
10.71B
10.07B – 11.43B
+4.7% YoY
11.05B
10.09B – 11.93B
+3.2% YoY
11.58B
10.73B – 12.43B
+4.8% YoY
Net Income
6.12B
est: 6.59B (-7.1%)
7.37B
est: 7.58B (-2.8%)
6.90B
est: 7.20B (-4.2%)
3.72B
est: 6.02B (-38.1%)
4.53B
est: 5.72B (-20.8%)
3.59B
est: 4.43B (-18.9%)
3.66B
est: 5.00B (-26.8%)
3.46B
est: 4.51B (-23.2%)
2.77B
est: 3.71B (-25.3%)
4.70B
est: 4.09B (+14.8%)
4.77B
est: 4.37B (+9.2%)
4.87B
3.95B – 5.61B
+11.4% YoY
5.10B
4.52B – 5.77B
+4.9% YoY
5.35B
4.84B – 5.86B
+4.8% YoY
SGA
1.71B
est: 2.45B (-30.2%)
2.26B
est: 2.55B (-11.3%)
2.31B
est: 2.65B (-12.8%)
2.44B
est: 2.77B (-12.0%)
2.56B
est: 2.87B (-10.7%)
2.92B
est: 2.79B (+4.6%)
3.14B
est: 2.74B (+14.7%)
3.04B
est: 3.41B (-10.8%)
3.41B
est: 2.99B (+14.0%)
2.81B
est: 2.35B (+19.7%)
est: 2.82B (-100.0%)
2.96B
2.78B – 3.16B
+4.7% YoY
3.05B
2.79B – 3.29B
+3.2% YoY
3.20B
2.96B – 3.43B
+4.8% YoY
EPS
1.08
est: 1.13 (-4.7%)
1.31
est: 1.30 (+0.5%)
1.22
est: 1.24 (-1.5%)
0.66
est: 1.04 (-36.2%)
0.80
est: 0.98 (-18.7%)
0.63
est: 0.76 (-17.3%)
0.64
est: 0.86 (-25.7%)
0.60
est: 0.78 (-22.6%)
0.48
est: 0.64 (-24.7%)
0.81
est: 0.70 (+15.3%)
0.82
est: 0.75 (+9.4%)
0.84
0.68 – 0.96
+11.4% YoY
0.88
0.78 – 0.99
+4.9% YoY
0.92
0.83 – 1.01
+4.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-25 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-22 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-21 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-20 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-19 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-18 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-15 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-14 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-13 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-12 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-11 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-08 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-07 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-06 B+ 3/5 5/5 3/5 3/5 2/5 3/5 3/5
2026-05-05 A- 4/5 5/5 3/5 4/5 2/5 3/5 3/5
2026-05-04 A- 4/5 5/5 3/5 4/5 2/5 3/5 3/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-29 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-28 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-27 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5
2026-04-15 B+ 3/5 5/5 3/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
24.54B
OE per share TTM
4.22
Owner's Yield
29.13%
Maintenance CapEx ratio
15.26%
Maint CapEx / Avg PPE
270.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
936.5K
Shares Outstanding
5.83B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Amir Mahmod Bin Abdullah Chief Procurement Officer male
Azlan Bin Ahmad Chief Digital & Information Officer male
Badrulhisyam bin Fauzi Chief Financial Officer male
Feldatun binti Sharif Chief People Officer female
Hasbah Binti Hasbullah Head of Integrity Development & Culture female
Kalivann Palanivelu Chief Integrity Development Officer
Kamal Arifin Bin A. Rahman Chief Retail Officer male
Leo Pui Yong Chief Sustainability Officer female
Lizah Binti Abd Wahab Chief Internal Auditor female
Mohd Zarihi Bin Mohd Hashim Chief New Energy Officer male
Muhamad Nazri Bin Pazil Senior Chief Strategy, Regulatory & Sustainability Officer
Shamsul Bin Ahmad CEO, President & Non-Independent Executive Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits