Tenaga Nasional Berhad Future Growth
Future criteria checks 1/6
Tenaga Nasional Berhad's revenue is forecast to decline at 0.2% per annum while its annual earnings are expected to grow at 13% per year. EPS is expected to grow by 13.5% per annum. Return on equity is forecast to be 8% in 3 years.
Key information
13.0%
Earnings growth rate
13.5%
EPS growth rate
| Electric Utilities earnings growth | 9.4% |
| Revenue growth rate | -0.2% |
| Future return on equity | 8.0% |
| Analyst coverage | Good |
| Last updated | 21 Oct 2024 |
Recent future growth updates
No updates
Recent updates
Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 62,288 | 5,045 | 6,924 | 18,032 | 13 |
| 12/31/2025 | 60,493 | 4,762 | 6,936 | 17,602 | 15 |
| 12/31/2024 | 57,542 | 4,133 | 7,275 | 16,547 | 14 |
| 6/30/2024 | 64,406 | 3,600 | 15,400 | 26,500 | N/A |
| 3/31/2024 | 63,401 | 2,484 | 21,874 | 32,478 | N/A |
| 12/31/2023 | 63,665 | 2,770 | 21,644 | 32,243 | N/A |
| 9/30/2023 | 67,219 | 2,996 | 18,281 | 27,665 | N/A |
| 6/30/2023 | 70,826 | 3,028 | 14,828 | 23,849 | N/A |
| 3/31/2023 | 73,782 | 3,573 | 3,700 | 12,702 | N/A |
| 12/31/2022 | 73,183 | 3,463 | 803 | 9,378 | N/A |
| 9/30/2022 | 69,605 | 3,532 | -3,303 | 5,167 | N/A |
| 6/30/2022 | 63,509 | 3,647 | -1,980 | 6,227 | N/A |
| 3/31/2022 | 56,810 | 3,596 | 557 | 8,882 | N/A |
| 12/31/2021 | 52,630 | 3,662 | 4,933 | 13,344 | N/A |
| 9/30/2021 | 47,219 | 3,996 | 8,821 | 16,969 | N/A |
| 6/30/2021 | 45,350 | 4,002 | 10,812 | 18,957 | N/A |
| 3/31/2021 | 43,800 | 3,834 | 10,436 | 17,669 | N/A |
| 12/31/2020 | 43,976 | 3,593 | 8,609 | 15,519 | N/A |
| 9/30/2020 | 45,829 | 3,034 | 10,077 | 16,144 | N/A |
| 6/30/2020 | 47,364 | 3,227 | 8,865 | 16,139 | N/A |
| 3/31/2020 | 49,349 | 3,690 | 9,519 | 19,031 | N/A |
| 12/31/2019 | 50,940 | 4,529 | 8,698 | 19,458 | N/A |
| 9/30/2019 | 51,309 | 3,742 | 5,635 | 17,723 | N/A |
| 6/30/2019 | 51,741 | 3,040 | 5,378 | 16,037 | N/A |
| 3/31/2019 | 51,363 | 3,161 | 4,190 | 14,975 | N/A |
| 12/31/2018 | 50,393 | 3,724 | 1,748 | 13,035 | N/A |
| 12/31/2017 | 47,077 | 7,867 | N/A | 6,652 | N/A |
| 11/30/2017 | 47,782 | 7,315 | N/A | 10,876 | N/A |
| 8/31/2017 | 47,417 | 6,904 | N/A | 12,556 | N/A |
| 5/31/2017 | 46,190 | 6,947 | N/A | 11,730 | N/A |
| 2/28/2017 | 45,769 | 7,293 | N/A | 12,838 | N/A |
| 11/30/2016 | 45,096 | 7,132 | N/A | 13,811 | N/A |
| 8/31/2016 | 44,532 | 7,368 | N/A | 13,293 | N/A |
| 5/31/2016 | 45,039 | 6,426 | N/A | 14,336 | N/A |
| 2/29/2016 | 42,816 | 4,907 | N/A | 11,672 | N/A |
| 11/30/2015 | 42,937 | 5,743 | N/A | 10,921 | N/A |
| 8/31/2015 | 43,287 | 6,118 | N/A | 11,439 | N/A |
| 5/31/2015 | 43,266 | 6,653 | N/A | 10,193 | N/A |
| 2/28/2015 | 44,860 | 7,491 | N/A | 9,536 | N/A |
| 11/30/2014 | 44,247 | 7,069 | N/A | 10,956 | N/A |
| 8/31/2014 | 42,792 | 6,467 | N/A | 10,438 | N/A |
| 5/31/2014 | 40,571 | 6,025 | N/A | 10,065 | N/A |
| 2/28/2014 | 38,719 | 6,117 | N/A | 11,747 | N/A |
| 11/30/2013 | 37,572 | 5,691 | N/A | 10,715 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNAB.F's forecast earnings growth (13% per year) is above the savings rate (2.5%).
Earnings vs Market: TNAB.F's earnings (13% per year) are forecast to grow slower than the US market (15.2% per year).
High Growth Earnings: TNAB.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: TNAB.F's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: TNAB.F's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TNAB.F's Return on Equity is forecast to be low in 3 years time (8%).