Tenaga Nasional Berhad (TENAGA) Stock Overview
Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
TENAGA Community Fair Values
Create NarrativeSee what 50 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Tenaga Nasional Berhad Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | RM 14.28 |
| 52 Week High | RM 14.90 |
| 52 Week Low | RM 12.50 |
| Beta | 0.34 |
| 1 Month Change | 1.42% |
| 3 Month Change | 1.71% |
| 1 Year Change | 1.56% |
| 3 Year Change | 57.79% |
| 5 Year Change | 47.37% |
| Change since IPO | 155.00% |
Recent News & Updates
TENAGA: Renewable Project Execution And Lower Risk Assumptions Will Support Rerating
Analysts have made only a marginal adjustment to Tenaga Nasional Berhad's fair value estimate, moving it from MYR16.41 to MYR16.42. This reflects updated assumptions around the discount rate and long term earnings metrics rather than any major shift in outlook.TENAGA: Revised Risk Assumptions Will Support Closing The Current Valuation Gap
Analysts have lifted their fair value estimate for Tenaga Nasional Berhad from MYR15.93 to MYR16.41, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. These assumptions align with broader Street views on undervaluation and the potential for the valuation gap to narrow.Recent updates
TENAGA: Renewable Project Execution And Lower Risk Assumptions Will Support Rerating
Analysts have made only a marginal adjustment to Tenaga Nasional Berhad's fair value estimate, moving it from MYR16.41 to MYR16.42. This reflects updated assumptions around the discount rate and long term earnings metrics rather than any major shift in outlook.TENAGA: Revised Risk Assumptions Will Support Closing The Current Valuation Gap
Analysts have lifted their fair value estimate for Tenaga Nasional Berhad from MYR15.93 to MYR16.41, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. These assumptions align with broader Street views on undervaluation and the potential for the valuation gap to narrow.TENAGA: Cross-Border Wheeling And New Solar Contract Will Support Upside
Analysts now set their fair value estimate for Tenaga Nasional Berhad at MYR15.93, a small move from MYR15.89. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E.TENAGA: Cross-Border Wheeling Agreement Will Support Future Upside
Analysts have nudged their fair value estimate for Tenaga Nasional Berhad higher from RM15.72 to about RM15.89, reflecting slightly adjusted assumptions around the discount rate, long term revenue growth, profit margins and future P/E multiples. What's in the News Tenaga Nasional Berhad signed an Energy Wheeling Agreement Phase 2 under the Lao PDR Thailand Malaysia Singapore Power Integration Project Phase 2 framework, enabling energy transfers of 30MW to 100MW from Lao PDR to Singapore through Thailand and Malaysia using existing interconnections (company announcement).There's Reason For Concern Over Tenaga Nasional Berhad's (KLSE:TENAGA) Price
When close to half the companies in Malaysia have price-to-earnings ratios (or "P/E's") below 13x, you may consider...TENAGA: Cross-Border Wheeling And New Solar Project Will Support Future Upside
Analysts have nudged their fair value estimate for Tenaga Nasional Berhad slightly higher to RM15.72 from RM15.69, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Tenaga signed the Energy Wheeling Agreement Phase 2 under the LTMS 2.0 framework, enabling the sale, transmission and purchase of 30MW to 100MW of power from Lao PDR to Singapore through Thailand and Malaysia.TENAGA: New Solar Power Agreement Will Support Stronger Margins And Future Upside
Analysts have kept their fair value estimate for Tenaga Nasional Berhad steady at RM15.69, making only marginal tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E that guide this unchanged target. What's in the News Tenaga Nasional Berhad entered into a Power Purchase Agreement with WD Solar Kedah Sdn.Is Tenaga Nasional Berhad (KLSE:TENAGA) Trading At A 29% Discount?
Key Insights Tenaga Nasional Berhad's estimated fair value is RM19.34 based on 2 Stage Free Cash Flow to Equity Tenaga...Here's Why Tenaga Nasional Berhad (KLSE:TENAGA) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...TENAGA: Tax Resolution Will Support Stronger Margins And Future Share Price Upside
Narrative Update on Tenaga Nasional Berhad Analysts have modestly trimmed their price target on Tenaga Nasional Berhad by about RM0.27. This reflects slightly lower revenue growth assumptions that are only partly offset by improved profit margin expectations and a marginally reduced future P/E multiple.Do Tenaga Nasional Berhad's (KLSE:TENAGA) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...TENAGA: Resolution Of Tax Disputes Will Support Future Share Price Momentum
Analysts have revised their price target for Tenaga Nasional Berhad slightly downward from RM16.16 to RM15.95. This adjustment reflects updated estimates for profit margin and discount rates, even though there are expectations for stronger revenue growth.Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E
There wouldn't be many who think Tenaga Nasional Berhad's ( KLSE:TENAGA ) price-to-earnings (or "P/E") ratio of 16.2x...Tenaga Nasional Berhad (KLSE:TENAGA) Is Due To Pay A Dividend Of MYR0.25
Tenaga Nasional Berhad ( KLSE:TENAGA ) will pay a dividend of MYR0.25 on the 16th of October. This payment means that...Here's Why Tenaga Nasional Berhad (KLSE:TENAGA) Has A Meaningful Debt Burden
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Investments In Renewable Energy Will Improve Future Sustainability And Efficiency
Tenaga Nasional Berhad's consensus revenue growth and net profit margin forecasts remained stable, resulting in only a negligible decrease in the consensus analyst price target from MYR16.23 to MYR16.16. What's in the News The Malaysian government has approved a revised Regulatory Period 4 tariff schedule under the Incentive-Based Regulation framework for Tenaga Nasional Berhad (TNB), effective 1 July 2025, replacing the existing tariff schedule from 2014.Tenaga Nasional Berhad (KLSE:TENAGA) Has Some Way To Go To Become A Multi-Bagger
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Does Tenaga Nasional Berhad (KLSE:TENAGA) Deserve A Spot On Your Watchlist?
KLSE:TENAGA 1 Year Share Price vs Fair Value Explore Tenaga Nasional Berhad's Fair Values from the Community and select...
Renewable Ventures And Strategic Energy Shifts Power Sustainable Growth
Strong electricity demand growth surpassing GDP indicates potential revenue increases from industrial and commercial sectors.Shareholder Returns
| TENAGA | MY Electric Utilities | MY Market | |
|---|---|---|---|
| 7D | -0.4% | -0.8% | -0.2% |
| 1Y | 1.6% | 13.3% | 6.0% |
Return vs Industry: TENAGA underperformed the MY Electric Utilities industry which returned 13.3% over the past year.
Return vs Market: TENAGA underperformed the MY Market which returned 6% over the past year.
Price Volatility
| TENAGA volatility | |
|---|---|
| TENAGA Average Weekly Movement | 1.6% |
| Electric Utilities Industry Average Movement | 5.1% |
| Market Average Movement | 5.6% |
| 10% most volatile stocks in MY Market | 12.1% |
| 10% least volatile stocks in MY Market | 2.5% |
Stable Share Price: TENAGA has not had significant price volatility in the past 3 months compared to the MY market.
Volatility Over Time: TENAGA's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1949 | 31,063 | Shamsul Bin Ahmad | www.tnb.com.my |
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.
Tenaga Nasional Berhad Fundamentals Summary
| TENAGA fundamental statistics | |
|---|---|
| Market cap | RM 83.12b |
| Earnings (TTM) | RM 4.81b |
| Revenue (TTM) | RM 65.36b |
Is TENAGA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TENAGA income statement (TTM) | |
|---|---|
| Revenue | RM 65.36b |
| Cost of Revenue | RM 41.39b |
| Gross Profit | RM 23.98b |
| Other Expenses | RM 19.17b |
| Earnings | RM 4.81b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.82 |
| Gross Margin | 36.68% |
| Net Profit Margin | 7.36% |
| Debt/Equity Ratio | 115.2% |
How did TENAGA perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/03 10:32 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tenaga Nasional Berhad is covered by 37 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chee Chow | Affin Hwang Investment Bank |
| Huey Gan | AmInvestment Bank Berhad |
| null null | BIMB Securities Sdn. Bhd |