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Utilities

Tenaga Nasional Bhd.

  • 13.66 MYR
  • -0.10
  • -0.73%
  • Malaysia
    Aug 23, 2019
  • Ticker
    KLS(5347)
  • Prev. close
    13.76
  • Market cap (MYR)
    78,251.60M
  • Market cap (USD)
    18,669.10M
  • 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 2018 MYRUSD
Revenue50,392.50M12,487.67M
Gross Profit12,116.70M3,002.61M
Operating income9,675.60M2,397.69M
Income before tax5,046.60M1,250.58M
Net income3,723.70M922.76M
EBITDA16,166.90M4,006.29M
Diluted EPS0.650.16
Dividends Per Share0.530.13
Total Assets153,695M37,191.77M
Total liabilities93,638.10M22,658.94M
Total equity57,837.80M13,995.83M
Operating cash flow11,288.40M2,797.35M
Currency in MYRCurrency in USD

Historical Data

 Aug 2014Aug 2015Aug 2016Dec 2017Dec 2018
Revenue 42,792.40M 43,286.80M 44,531.50M 15,692.20M 50,392.50M
Gross Profit 9,475.60M 10,897M 12,288.70M 4,119.70M 12,116.70M
Operating income 7,713.20M 9,189.40M 10,025.90M 3,280M 9,675.60M
Income before tax 7,012M 7,032.60M 7,973.50M 2,843.50M 5,046.60M
Net income 6,467M 6,118.40M 7,367.60M 2,622.30M 3,723.70M
EBITDA 12,585.70M 14,483.60M 15,748.10M 5,329.90M 16,166.90M
Diluted EPS 1.14 1.08 1.30 0.46 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 144,250M 153,695M
Total liabilities 66,184.60M 68,658.40M 79,283.30M 85,296.90M 93,638.10M
Total equity 43,222M 47,208M 52,388.60M 57,065.80M 57,837.80M
Operating cash flow 10,004.40M 11,111.40M 12,586.40M 1,753.50M 11,288.40M
 Aug 2014Aug 2015Aug 2016Dec 2017Dec 2018
Revenue 13,225.48M 12,078.48M 10,729.41M 3,649.75M 12,487.67M
Gross Profit 2,928.54M 3,040.63M 2,960.83M 958.17M 3,002.61M
Operating income 2,383.85M 2,564.15M 2,415.63M 762.87M 2,397.69M
Income before tax 2,167.14M 1,962.33M 1,921.13M 661.35M 1,250.58M
Net income 1,998.70M 1,707.24M 1,775.14M 609.90M 922.76M
EBITDA 3,889.75M 4,041.41M 3,794.34M 1,239.65M 4,006.29M
Diluted EPS 0.35 0.30 0.31 0.10 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 35,643.68M 37,191.77M
Total liabilities 20,997.65M 16,347.23M 19,549.57M 21,076.57M 22,658.94M
Total equity 13,712.56M 11,240.00M 12,917.91M 14,100.76M 13,995.83M
Operating cash flow 3,091.97M 3,100.45M 3,032.56M 407.83M 2,797.35M

Valuation Measures

Dec 2018
PER20.72
ROA2.49%
ROE6.48%
Operating margin19.20%
Profit margin7.38%

Key executives

  • President, CEO & Executive Director: Amir Hamzah bin Azizan
  • Chief Financial Officer: Nazmi bin Othman
  • Chief Information Officer: Fazil bin Ibrahim
  • Chief Corporate Officer: Roslan bin Abdul Rahman
  • Chief Grid Officer: Husaini bin Husin

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (27.2%)
  • Employees Provident Fund (15.2%)
  • Permodalan Nasional Bhd. (14.1%)
  • Kumpulan Wang Persaraan (5.4%)
  • Bumiputra Investment Foundation (2.7%)
  • The Vanguard Group, Inc. (2.4%)
  • Public Mutual Bhd. (1.7%)
  • Great Eastern Life Assurance Co. Ltd. (1.4%)
  • BlackRock Fund Advisors (1.2%)
  • 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 23 Aug, 2019

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