1. Malaysia Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Tenaga Nasional Bhd

Tenaga Nasional Bhd

3.12
USD
-0.03
(-0.95%)
17.71P/E
Nov 19Next Earn
Tenaga Nasional Bhd
OTC:TNABF
(OTC Markets)

Recent

price

3.12

P/E

ratio

17.71

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
5.58
5.91
6.56
6.66
7.58
7.67
7.89
8.38
8.88
8.96
7.72
8.42
8.86
9.19
9.78
11.63
12.05
Revenue per Share
0.59
0.09
0.81
0.96
1.15
1.08
1.31
1.22
0.66
0.8
0.63
0.64
0.6
0.48
0.69
0.82
0.78
Basic EPS, GAAP
0.78
-0.1
0.27
0.2
0.08
0.19
0.38
0.01
0.31
1.53
1.51
0.86
0.14
3.75
1.93
-0.08
-0.14
Free Cash Flow per Basic Share
0.11
0.15
0.05
0.25
0.25
0.29
0.29
0.39
0.52
0.53
0.92
0.8
0.38
0.41
0.4
0.41
0.15
Dividend per Share
5.54
5.6
6.68
6.68
7.66
8.36
9.28
10.09
10.17
10.2
9.79
9.89
10.17
8.46
8.57
8.71
8.78
Book Value per Share
5.54
5.6
6.68
6.68
7.66
8.34
9.25
10.05
10.13
10.15
9.71
9.81
10.07
8.25
8.41
8.59
8.66
Tangible Book Value per Share
5,433
5,451
5,465
5,572
5,644
5,644
5,644
5,659
5,675
5,687
5,697
5,718
5,738
5,772
5,800
5,824
5,826
Basic Weighted Avg Shares
30,317
32,207
35,848
37,131
42,792
43,287
44,532
47,417
50,393
50,940
43,976
48,120
50,868
53,067
56,737
67,723
70,189
Sales/Revenue/Turnover
13.79
3.59
18.28
15.43
16.31
19.31
19.93
19.28
13.72
15.13
16.44
17.67
17.54
12.55
13.08
11.7
12.3
Operating Margin (%)
3,950
4,041
4,268
4,540
4,873
5,294
5,722
6,105
6,491
10,189
10,622
10,692
11,403
11,266
11,232
11,986
- -
Depreciation Expense
3,196
507
4,411
5,356
6,467
6,118
7,368
6,904
3,724
4,529
3,593
3,662
3,463
2,770
3,978
4,768
4,538
Net Income, GAAP
20.48
7.35
24.08
9.15
9.67
15.04
9.25
16.54
25.79
18.85
14.61
18.44
33.49
22.82
31.05
22.78
22.11
Effective Tax Rate (%)
10.54
1.57
12.3
14.43
15.11
14.13
16.54
14.56
7.39
8.89
8.17
7.61
6.81
5.22
7.01
7.04
6.47
Profit Margin (%)
6,402
4,935
6,762
6,698
6,544
3,203
10,671
8,316
8,984
1,952
-999
-194
7,459
1,494
-651
-8,071
-3,241
Working Capital
18,101
18,797
21,944
26,921
29,263
28,887
38,242
42,027
48,560
69,835
68,515
70,829
80,758
82,317
76,702
75,039
81,557
LT Debt
30,180
30,778
36,985
37,971
43,459
47,467
52,600
57,579
59,052
59,282
57,450
58,392
60,966
51,245
52,011
52,974
53,382
Total Equity
6.61
2.09
8.91
8.2
8.92
9.25
9.47
7.94
4.87
5.11
4.61
5.14
4.07
3.41
3.54
4.32
4.52
Return on Invested Capital (%)
8.08
2.49
9.16
9.68
10.37
9.09
9.76
8.28
4.51
5.96
4.94
4.78
4.21
4.2
4.84
5.62
5.13
Return on Capital (%)
11.38
1.67
13.11
14.39
15.98
13.53
14.79
12.61
6.48
7.82
6.31
6.51
6.02
5.15
8.05
9.48
8.1
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,530
15,029
10,577
LT Borrowings
47,134
48,272
53,143
LT Finance Leases
27,905
28,745
28,414
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,829
5,829
5,829
Market Capitalization
75,589
80,369
80,425

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
28,517
31,697
32,936
Cash, Cash Equivalents & STI
12,207
16,047
15,443
Accounts Receivable, Net
2,580
6,621
7,910
Inventories
2,562
2,331
2,510
Total Current Liabilities
36,588
39,226
36,177
Payables & Accruals
- -
- -
- -
ST Debt
14,530
15,029
10,577
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.36%
-1.31%
1.85%
Free Cash Flow
743.04%
463.22%
-103.93%
Net Income, GAAP
0.9%
7.99%
19.86%
Sales/Revenue/Turnover
4.88%
9.15%
19.36%
Total Cash Common Dividend
- -
-10.9%
4.03%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,640
14,367
14,352
14,378
56,737
2025
16,039
16,835
17,250
17,600
67,723
2026
17,104
18,236
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.25
0.25
0.11
0.69
2025
0.18
0.2
0.15
0.29
0.82
2026
0.19
0.15
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.12
0.4
2025
- -
- -
- -
0.15
0.41
2026
- -
- -
- -
- -
- -
Similar Companies
Vistra Corp. (NYSE:VST)
Constellation Energy Corporation (NASDAQ:CEG)
NextEra Energy, Inc. (NYSE:NEE)
Adani Energy Solutions Ltd (NSE:ADANIENSOL)
NTPC Limited (NSE:NTPC)
Power Grid Corporation of India Limited (NSE:POWERGRID)
Business
Tenaga Nasional Berhad (TNB) is Malaysia's largest electric utility, engaged in the generation, transmission, distribution, and sales of electricity primarily in Peninsular Malaysia, Sabah, and Labuan; the company supplies power to 10.6 million customers through a network encompassing thermal power plants using coal and natural gas, hydroelectric facilities including large hydro schemes, and a 132kV-500kV National Grid interconnected with Thailand and Singapore. Core operations span power generation led by wholly owned subsidiary TNB Power Generation Sdn Bhd (TNB Genco) with 13.76GW contracted capacity and nearly 51% market share in Peninsular Malaysia; transmission and grid management; distribution across 33kV to 415/240V networks; and retail services via TNB Retail Sdn Bhd offering customer-centric solutions including smart energy for residential, commercial, industrial, SME, and micro-business segments. Additional services include engineering procurement construction, operation and maintenance via TNB Repair and Maintenance Sdn Bhd (REMACO) with international projects in Saudi Arabia, Pakistan, Kuwait, and Cambodia; renewables through TNB Renewables Sdn Bhd managing solar, wind, and hydro assets totaling over 3GW in Malaysia and 1GW abroad in the UK, Ireland, Turkiye, and Australia; manufacturing of transformers and high voltage switchgears by subsidiaries like Malaysia Transformer Manufacturing Sdn Bhd and Tenaga Switchgear Sdn Bhd; fuel services; research and training via TNB Research Sdn Bhd and TNB Integrated Learning Solution Sdn Bhd; and e-mobility solutions. Founded in 1949 and headquartered at 129 Jalan Bangsar, Kuala Lumpur, TNB operates internationally with subsidiaries and associates in the UK, Ireland, Turkiye, Saudi Arabia, Kuwait, Pakistan, India, Cambodia, Australia, Mauritius, and Spain. Recent developments encompass a RM42.9 billion capital expenditure plan for 2024-2030 to accelerate energy transition with investments in large-scale solar (LSS5+, LSS6), battery energy storage systems including a 400MWh ASEAN-largest project in Sabah, corporate renewable schemes (CRESS) such as a landmark up-to-500MW agreement with DayOne in 2025, green hydrogen pilots with Petronas, carbon capture initiatives, electric mobility, and smart grid for ASEAN Power Grid; a December 2024 renewable energy supply agreement with Sembcorp Power under Malaysia's CBES RE scheme via Energy Exchange Malaysia (ENEGEM) following a September 2024 interconnection pact with SP PowerAssets; and sustained emphasis on net-zero by 2050 through brown-to-green shifts and operational excellence.

Company News

Company News APIChatGPT

  • defenseworld.net

    Tenaga Nasional Berhad (OTCMKTS:TNABY) Sees Large Volume Increase – What’s Next?

  • seekingalpha.com

    Tenaga Nasional Berhad (TNABY) Discusses Hybrid Hydro Floating Solar and Hydro Life Extension Program Initiatives Transcript

  • seekingalpha.com

    Tenaga Nasional Berhad (TNABY) Discusses Recent Electricity Tariff Framework Changes and Impact on Cost Structure and Customer Relief Transcript

  • seekingalpha.com

    Tenaga Nasional Berhad (TNABY) Q2 2026 Earnings Call Transcript

  • seekingalpha.com

    Tenaga Nasional Berhad (TNABY) Q4 2025 Earnings Call Transcript

  • defenseworld.net

    Head-To-Head Survey: Tenaga Nasional Berhad (OTCMKTS:TNABY) and Alliant Energy (NASDAQ:LNT)

  • defenseworld.net

    Reviewing Fortis (NYSE:FTS) & Tenaga Nasional Berhad (OTCMKTS:TNABY)

  • defenseworld.net

    Exelon (NASDAQ:EXC) and Tenaga Nasional Berhad (OTCMKTS:TNABY) Head to Head Comparison

  • thelincolnianonline.com

    Tenaga Nasional Bhd (OTCMKTS:TNABY) vs. Ormat Technologies (OTCMKTS:ORA) Head-To-Head Contrast

  • thelincolnianonline.com

    Tenaga Nasional Bhd (OTCMKTS:TNABY) vs. DTE Energy (OTCMKTS:DTE) Head to Head Analysis