Tenaga Nasional Berhad Past Earnings Performance

Past criteria checks 4/6

Tenaga Nasional Berhad's earnings have been declining at an average annual rate of -3.2%, while the Electric Utilities industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 9.1% per year. Tenaga Nasional Berhad's return on equity is 7.1%, and it has net margins of 6.6%.

Key information

-3.2%

Earnings growth rate

-3.6%

EPS growth rate

Electric Utilities Industry Growth	7.3%
Revenue growth rate	9.1%
Return on equity	7.1%
Net Margin	6.6%
Last Earnings Update	30 Sep 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Tenaga Nasional Berhad makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:6TN0 Revenue, expenses and earnings (MYR Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	65,489	4,328	3,856	122
30 Jun 24	64,406	3,600	3,856	122
31 Mar 24	63,401	2,484	3,856	122
31 Dec 23	63,665	2,770	3,856	122
30 Sep 23	67,219	2,996	4,020	76
30 Jun 23	70,826	3,028	4,020	76
31 Mar 23	73,782	3,573	4,020	76
31 Dec 22	73,183	3,463	4,020	76
30 Sep 22	69,605	3,532	0	0
30 Jun 22	63,509	3,647	0	0
31 Mar 22	56,810	3,596	0	0
31 Dec 21	52,630	3,662	0	0
30 Sep 21	47,219	3,996	0	0
30 Jun 21	45,350	4,002	0	0
31 Mar 21	43,800	3,834	0	0
31 Dec 20	43,976	3,593	0	0
30 Sep 20	45,829	3,034	2,562	0
30 Jun 20	47,364	3,227	2,562	0
31 Mar 20	49,349	3,690	2,562	0
31 Dec 19	50,940	4,529	2,562	0
30 Sep 19	51,309	3,742	2,441	0
30 Jun 19	51,741	3,040	2,441	0
31 Mar 19	51,363	3,161	2,441	0
31 Dec 18	50,393	3,724	2,441	0
31 Dec 17	47,077	7,867	2,519	0
30 Nov 17	47,782	7,315	2,313	0
31 Aug 17	47,417	6,904	2,313	0
31 May 17	46,190	6,947	2,263	0
28 Feb 17	45,769	7,293	2,263	0
30 Nov 16	45,096	7,132	2,263	0
31 Aug 16	44,532	7,368	2,263	0
31 May 16	45,039	6,426	1,708	0
29 Feb 16	42,816	4,907	1,708	0
30 Nov 15	42,937	5,743	1,708	0
31 Aug 15	43,287	6,118	1,708	0
31 May 15	43,266	6,653	1,808	0
28 Feb 15	44,860	7,491	1,808	0
30 Nov 14	44,247	7,069	1,808	0
31 Aug 14	42,792	6,467	1,808	0
31 May 14	40,571	6,025	1,861	0
28 Feb 14	38,719	6,117	1,861	0

Quality Earnings: 6TN0 has high quality earnings.

Growing Profit Margin: 6TN0's current net profit margins (6.6%) are higher than last year (4.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 6TN0's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: 6TN0's earnings growth over the past year (44.5%) exceeds its 5-year average (-3.2% per year).

Earnings vs Industry: 6TN0 earnings growth over the past year (44.5%) exceeded the Electric Utilities industry -10.9%.

Return on Equity

High ROE: 6TN0's Return on Equity (7.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 20:51
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Tenaga Nasional Berhad is covered by 42 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
Ping Goh	Alliance Research Sdn. Bhd.
Huey Gan	AmInvestment Bank Berhad