Tenaga Nasional Berhad

KLSE:TENAGA Stock Report

Market Cap: RM 76.8b

Tenaga Nasional Berhad Future Growth

Future criteria checks 1/6

Tenaga Nasional Berhad is forecast to grow earnings and revenue by 4% and 3% per annum respectively. EPS is expected to grow by 4.2% per annum. Return on equity is forecast to be 7.9% in 3 years.

Key information

4.0%

Earnings growth rate

4.22%

EPS growth rate

Electric Utilities earnings growth12.7%
Revenue growth rate3.0%
Future return on equity7.89%
Analyst coverage

Good

Last updated15 Oct 2025

Recent future growth updates

Recent updates

Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E

Oct 16
Some Confidence Is Lacking In Tenaga Nasional Berhad's (KLSE:TENAGA) P/E

Tenaga Nasional Berhad (KLSE:TENAGA) Is Due To Pay A Dividend Of MYR0.25

Sep 15
Tenaga Nasional Berhad (KLSE:TENAGA) Is Due To Pay A Dividend Of MYR0.25

Here's Why Tenaga Nasional Berhad (KLSE:TENAGA) Has A Meaningful Debt Burden

Sep 09
Here's Why Tenaga Nasional Berhad (KLSE:TENAGA) Has A Meaningful Debt Burden

Tenaga Nasional Berhad (KLSE:TENAGA) Has Some Way To Go To Become A Multi-Bagger

Aug 25
Tenaga Nasional Berhad (KLSE:TENAGA) Has Some Way To Go To Become A Multi-Bagger

Does Tenaga Nasional Berhad (KLSE:TENAGA) Deserve A Spot On Your Watchlist?

Aug 11
Does Tenaga Nasional Berhad (KLSE:TENAGA) Deserve A Spot On Your Watchlist?

Tenaga Nasional Berhad (KLSE:TENAGA) Shares Could Be 24% Below Their Intrinsic Value Estimate

Jun 30
Tenaga Nasional Berhad (KLSE:TENAGA) Shares Could Be 24% Below Their Intrinsic Value Estimate

Some Shareholders Feeling Restless Over Tenaga Nasional Berhad's (KLSE:TENAGA) P/E Ratio

Jun 15
Some Shareholders Feeling Restless Over Tenaga Nasional Berhad's (KLSE:TENAGA) P/E Ratio

Is Tenaga Nasional Berhad (KLSE:TENAGA) A Risky Investment?

May 27
Is Tenaga Nasional Berhad (KLSE:TENAGA) A Risky Investment?

Should You Be Adding Tenaga Nasional Berhad (KLSE:TENAGA) To Your Watchlist Today?

Apr 29
Should You Be Adding Tenaga Nasional Berhad (KLSE:TENAGA) To Your Watchlist Today?

Investors Met With Slowing Returns on Capital At Tenaga Nasional Berhad (KLSE:TENAGA)

Apr 01
Investors Met With Slowing Returns on Capital At Tenaga Nasional Berhad (KLSE:TENAGA)

Is There An Opportunity With Tenaga Nasional Berhad's (KLSE:TENAGA) 33% Undervaluation?

Mar 02
Is There An Opportunity With Tenaga Nasional Berhad's (KLSE:TENAGA) 33% Undervaluation?

Unpleasant Surprises Could Be In Store For Tenaga Nasional Berhad's (KLSE:TENAGA) Shares

Feb 14
Unpleasant Surprises Could Be In Store For Tenaga Nasional Berhad's (KLSE:TENAGA) Shares

The Returns At Tenaga Nasional Berhad (KLSE:TENAGA) Aren't Growing

Dec 30
The Returns At Tenaga Nasional Berhad (KLSE:TENAGA) Aren't Growing
User avatar

Renewable Ventures And Strategic Energy Shifts Power Sustainable Growth

Strong electricity demand growth surpassing GDP indicates potential revenue increases from industrial and commercial sectors.

Unpleasant Surprises Could Be In Store For Tenaga Nasional Berhad's (KLSE:TENAGA) Shares

Nov 15
Unpleasant Surprises Could Be In Store For Tenaga Nasional Berhad's (KLSE:TENAGA) Shares

Tenaga Nasional Berhad (KLSE:TENAGA) Takes On Some Risk With Its Use Of Debt

Oct 31
Tenaga Nasional Berhad (KLSE:TENAGA) Takes On Some Risk With Its Use Of Debt

Earnings and Revenue Growth Forecasts

KLSE:TENAGA - Analysts future estimates and past financials data (MYR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202769,6715,1224,18119,28716
12/31/202666,9584,8863,38418,20418
12/31/202565,5304,4725,72917,41016
6/30/202564,7624,75510,04123,466N/A
3/31/202565,7055,04111,57823,675N/A
12/31/202465,8354,69911,19422,378N/A
9/30/202465,4894,32813,45324,106N/A
6/30/202464,4063,60015,40026,500N/A
3/31/202463,4012,48421,87432,478N/A
12/31/202363,6652,77021,64432,243N/A
9/30/202367,2192,99618,28127,665N/A
6/30/202370,8263,02814,82823,849N/A
3/31/202373,7823,5733,70012,702N/A
12/31/202273,1833,4638039,378N/A
9/30/202269,6053,532-3,3035,167N/A
6/30/202263,5093,647-1,9806,227N/A
3/31/202256,8103,5965578,882N/A
12/31/202152,6303,6624,93313,344N/A
9/30/202147,2193,9968,82116,969N/A
6/30/202145,3504,00210,81218,957N/A
3/31/202143,8003,83410,43617,669N/A
12/31/202043,9763,5938,60915,519N/A
9/30/202045,8293,03410,07716,144N/A
6/30/202047,3643,2278,86516,139N/A
3/31/202049,3493,6909,51919,031N/A
12/31/201950,9404,5298,69819,458N/A
9/30/201951,3093,7425,63517,723N/A
6/30/201951,7413,0405,37816,037N/A
3/31/201951,3633,161N/A14,975N/A
12/31/201850,3933,724N/A13,035N/A
12/31/201747,0777,867N/A6,652N/A
11/30/201747,7827,315N/A10,876N/A
8/31/201747,4176,904N/A12,556N/A
5/31/201746,1906,947N/A11,730N/A
2/28/201745,7697,293N/A12,838N/A
11/30/201645,0967,132N/A13,811N/A
8/31/201644,5327,368N/A13,293N/A
5/31/201645,0396,426N/A14,336N/A
2/29/201642,8164,907N/A11,672N/A
11/30/201542,9375,743N/A10,921N/A
8/31/201543,2876,118N/A11,439N/A
5/31/201543,2666,653N/A10,193N/A
2/28/201544,8607,491N/A9,536N/A
11/30/201444,2477,069N/A10,956N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TENAGA's forecast earnings growth (4% per year) is above the savings rate (3.7%).

Earnings vs Market: TENAGA's earnings (4% per year) are forecast to grow slower than the MY market (10% per year).

High Growth Earnings: TENAGA's earnings are forecast to grow, but not significantly.

Revenue vs Market: TENAGA's revenue (3% per year) is forecast to grow slower than the MY market (5.7% per year).

High Growth Revenue: TENAGA's revenue (3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TENAGA's Return on Equity is forecast to be low in 3 years time (7.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 10:19
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 36 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chee ChowAffin Hwang Investment Bank
Huey GanAmInvestment Bank Berhad
null nullBIMB Securities Sdn. Bhd