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Utilities

Tenaga Nasional Bhd.

  • 12.70 MYR
  • -0.36
  • -2.76%
  • Malaysia
    Mar 18, 2019
  • Ticker
    KLS(5347)
  • Prev. close
    13.06
  • Market cap (MYR)
    74,270.77M
  • Market cap (USD)
    18,212.65M
  • Shares
    5,686.88M

Company Background

Tenaga Nasional is a Malaysian state-controlled power company. Its main business is electricity generation and distribution of power throughout the entire country, with the exception of the state of Sarawak. It operates six thermal power stations and three hydroelectric facilities. In 2013, Tenaga used mainly gas (45.5%) and coal (40.5%) to generate electricity that accounted for more than 40% of the country's power needs. The remaining electricity is produced by independent power producers in the private sector.

Electricity is subsidized by the government. Khazanah Nasional and other state institutions own more than half of Tenaga Nasional's shareholdings. President and CEO Azman Mohd has been with the company since 1979, after serving in numerous managerial positions. Outside of Malaysia, Tenaga operates a power generation business in Kuwait and Abu Dhabi, both are run through joint ventures. The company also operates Universiti Tenaga Nasional, a private university.

Business Summary

Tenaga Nasional Bhd. engages in the generation, transmission, distribution, and sale of electricity. It provides its products and services to commercial, industrial, and residential customers. The company was founded on September 1, 1949 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2018 MYRUSD
Revenue50,392.50M12,487.67M
Gross Profit7,340.50M1,819.03M
Operating income8,165.60M2,023.50M
Income before tax5,046.60M1,250.58M
Net income3,723.70M922.76M
EBITDA14,656.90M3,632.10M
Diluted EPS0.650.16
Dividends Per Share0.530.13
Total Assets153,713.70M37,196.29M
Total liabilities93,265.60M22,568.80M
Total equity57,837.80M13,995.83M
Operating cash flow12,099.70M2,998.40M
Currency in MYRCurrency in USD

Historical Data

 Aug 2014Aug 2015Aug 2016Dec 2017Dec 2018
Revenue 42,792.40M 43,286.80M 44,531.50M 47,481.30M 50,392.50M
Gross Profit 9,475.60M 10,897M 12,288.70M 12,350.70M 7,340.50M
Operating income 7,713.20M 9,189.40M 10,025.90M 9,860.40M 8,165.60M
Income before tax 7,012M 7,032.60M 7,973.50M 8,937.90M 5,046.60M
Net income 6,467M 6,118.40M 7,367.60M 8,267.10M 3,723.70M
EBITDA 12,585.70M 14,483.60M 15,748.10M 16,010.10M 14,656.90M
Diluted EPS 1.14 1.08 1.30 1.45 0.65
Dividends Per Share 0.29 0.29 0.32 0.82 0.53
Total Assets 110,665.40M 117,135M 132,902.20M 144,277.20M 153,713.70M
Total liabilities 66,184.60M 68,658.40M 79,283.30M 85,183.30M 93,265.60M
Total equity 43,222M 47,208M 52,388.60M 57,204.60M 57,837.80M
Operating cash flow 10,004.40M 11,111.40M 12,586.40M 1,521.50M 12,099.70M
 Aug 2014Aug 2015Aug 2016Dec 2017Dec 2018
Revenue 13,225.48M 12,078.48M 10,729.41M 11,043.40M 12,487.67M
Gross Profit 2,928.54M 3,040.63M 2,960.83M 2,872.57M 1,819.03M
Operating income 2,383.85M 2,564.15M 2,415.63M 2,293.37M 2,023.50M
Income before tax 2,167.14M 1,962.33M 1,921.13M 2,078.81M 1,250.58M
Net income 1,998.70M 1,707.24M 1,775.14M 1,922.79M 922.76M
EBITDA 3,889.75M 4,041.41M 3,794.34M 3,723.69M 3,632.10M
Diluted EPS 0.35 0.30 0.31 0.33 0.16
Dividends Per Share 0.08 0.08 0.07 0.19 0.13
Total Assets 35,109.58M 27,889.28M 32,770.85M 35,650.40M 37,196.29M
Total liabilities 20,997.65M 16,347.23M 19,549.57M 21,048.50M 22,568.80M
Total equity 13,712.56M 11,240.00M 12,917.91M 14,135.06M 13,995.83M
Operating cash flow 3,091.97M 3,100.45M 3,032.56M 353.87M 2,998.40M

Valuation Measures

Dec 2018
PER20.72
ROA2.49%
ROE6.47%
Operating margin16.20%
Profit margin7.38%

Key executives

  • President & Chief Executive Officer: Azman bin Mohammed
  • Chief Financial Officer: Nazmi bin Othman
  • Chief Information Officer: Fazil bin Ibrahim
  • Chief Corporate Officer: Roslan bin Abdul Rahman
  • Chief Procurement Officer: Syed Abu Hanifah bin Syed Alwi

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (28.7%)
  • Employees Provident Fund (13.8%)
  • Permodalan Nasional Bhd. (13.0%)
  • Kumpulan Wang Persaraan (5.4%)
  • The Vanguard Group, Inc. (2.1%)
  • Bumiputra Investment Foundation (2.1%)
  • Public Mutual Bhd. (1.5%)
  • Great Eastern Life Assurance Co. Ltd. (1.4%)
  • BlackRock Fund Advisors (1.4%)
  • Eastspring Investments (Singapore) Ltd. (1.0%)

Contact Details

  • Website:http://www.tnb.com.my
  • Address: Pejabat Setiausaha Syarikat, Level 2, Ibu Pejabat Tenaga Nasional Berhad, Kuala Lumpur, 59200, Malaysia
  • Phone: +60.3.2296.5566

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Competitors

  • HF Co. SA
Last Updated on 18 Mar, 2019

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