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Utilities

Tenaga Nasional Bhd.

  • 13.40 MYR
  • +0.14
  • +1.06%
  • Malaysia
    Dec 14, 2018
  • Ticker
    KLS(5347)
  • Prev. close
    13.26
  • Market cap (MYR)
    75,408.10M
  • Market cap (USD)
    18,016.50M
  • Shares
    5,686.89M

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 2017 MYRUSD
Revenue47,481.30M11,043.40M
Gross Profit12,350.70M2,872.57M
Operating income9,860.40M2,293.37M
Income before tax8,937.90M2,078.81M
Net income8,267.10M1,922.79M
EBITDA16,010.10M3,723.69M
Diluted EPS1.450.33
Dividends Per Share0.820.19
Total Assets144,277.20M35,650.40M
Total liabilities85,183.30M21,048.50M
Total equity57,204.60M14,135.06M
Operating cash flow1,521.50M353.87M
Currency in MYRCurrency in USD

Historical Data

 Aug 2013Aug 2014Aug 2015Aug 2016Dec 2017
Revenue 37,130.70M 42,792.40M 43,286.80M 44,531.50M 47,481.30M
Gross Profit 8,556.40M 9,475.60M 10,897M 12,288.70M 12,350.70M
Operating income 5,412.70M 7,713.20M 9,189.40M 10,025.90M 9,860.40M
Income before tax 5,840.60M 7,012M 7,032.60M 7,973.50M 8,937.90M
Net income 5,356.20M 6,467M 6,118.40M 7,367.60M 8,267.10M
EBITDA 9,952.20M 12,585.70M 14,483.60M 15,748.10M 16,010.10M
Diluted EPS 0.95 1.14 1.08 1.30 1.45
Dividends Per Share 0.25 0.29 0.29 0.32 0.82
Total Assets 99,999.30M 110,665.40M 117,135M 132,902.20M 144,277.20M
Total liabilities 61,246.90M 66,184.60M 68,658.40M 79,283.30M 85,183.30M
Total equity 37,693.10M 43,222M 47,208M 52,388.60M 57,204.60M
Operating cash flow 9,283.90M 10,004.40M 11,111.40M 12,586.40M 1,521.50M
 Aug 2013Aug 2014Aug 2015Aug 2016Dec 2017
Revenue 11,984.49M 13,225.48M 12,078.48M 10,729.41M 11,043.40M
Gross Profit 2,761.70M 2,928.54M 3,040.63M 2,960.83M 2,872.57M
Operating income 1,747.03M 2,383.85M 2,564.15M 2,415.63M 2,293.37M
Income before tax 1,885.14M 2,167.14M 1,962.33M 1,921.13M 2,078.81M
Net income 1,728.79M 1,998.70M 1,707.24M 1,775.14M 1,922.79M
EBITDA 3,212.22M 3,889.75M 4,041.41M 3,794.34M 3,723.69M
Diluted EPS 0.30 0.35 0.30 0.31 0.33
Dividends Per Share 0.08 0.08 0.08 0.07 0.19
Total Assets 30,443.50M 35,109.58M 27,889.28M 32,770.85M 35,650.40M
Total liabilities 18,645.83M 20,997.65M 16,347.23M 19,549.57M 21,048.50M
Total equity 11,475.18M 13,712.56M 11,240.00M 12,917.91M 14,135.06M
Operating cash flow 2,996.51M 3,091.97M 3,100.45M 3,032.56M 353.87M

Valuation Measures

Dec 2017
PER9.77
ROA5.96%
ROE15.08%
Operating margin20.76%
Profit margin17.41%

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%)
  • Permodalan Nasional Bhd. (13.0%)
  • Employees Provident Fund (12.5%)
  • Kumpulan Wang Persaraan (5.5%)
  • 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 (1.3%)
  • 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 14 Dec, 2018

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