Tenaga Nasional Berhad Future Growth

Future criteria checks 1/6

Tenaga Nasional Berhad's revenue is forecast to decline at 0.4% per annum while its annual earnings are expected to grow at 13.1% per year. EPS is expected to grow by 13.4% per annum. Return on equity is forecast to be 8% in 3 years.

Key information

13.1%

Earnings growth rate

13.4%

EPS growth rate

Electric Utilities earnings growth	9.3%
Revenue growth rate	-0.4%
Future return on equity	8.0%
Analyst coverage	Good
Last updated	12 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:TNAB.Y - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	61,939	5,069	6,924	18,416	16
12/31/2025	60,364	4,777	6,946	17,879	17
12/31/2024	57,463	4,155	6,500	16,561	16
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.Y's forecast earnings growth (13.1% per year) is above the savings rate (2.6%).

Earnings vs Market: TNAB.Y's earnings (13.1% per year) are forecast to grow slower than the US market (15.3% per year).

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

Revenue vs Market: TNAB.Y's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: TNAB.Y's revenue is forecast to decline over the next 3 years (-0.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TNAB.Y's Return on Equity is forecast to be low in 3 years time (8%).

Tenaga Nasional Berhad Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Tenaga Nasional Berhad Appoints Juniwati Rahmat Hussin as Independent and Non Executive Chairman of Nomination and Remuneration Committee

Tenaga Nasional Berhad Announces Interim Single-Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 17 October 2024

Tenaga Nasional Berhad to Report Q2, 2024 Results on Sep 02, 2024

Tenaga Nasional Berhad, Annual General Meeting, May 21, 2024

Tenaga Nasional Berhad appoints Zulkifli Bin Ibrahim as Independent and Non Executive Director

Tenaga Nasional Berhad Appoints Zulkifli Bin Ibrahim as Independent and Non Executive Member of Risk Committee

Tenaga Nasional Berhad Appoints Ramzi Bin Mansor as Non Independent and Non Executive Member of Nomination and Remuneration Committee

Tenaga Nasional Berhad Appoints TUAN RAMZI BIN MANSOR as Non Independent and Non Executive Director, Effective 01 March 2024

Tenaga Nasional Berhad Announces Resignation of Datin Rashidah Binti Mohd Sies as Non Independent and Non Executive Director, Effective 12 January 2024

Tenaga Nasional Berhad announces appointment of Datuk Ir Megat Jalaluddin Bin Megat Hassan as Chief Executive Officer effective March 1, 2024

Tenaga Nasional Berhad Announces Appointment of Ali Munawar Bin Haji Salim as Company Secretary Effective January 1, 2024

Tenaga Nasional Berhad Announces Appointment of Elaine Ong Yee Lynn as Non Independent and Non Executive Alternate Director

Tenaga Nasional Berhad Announces Interim Single-Tier Dividend for the Financial Year Ending 31 December 2023, Payable on 17 October 2023

Tenaga Nasional Berhad Appoints Encik Muazzam Bin Mohamad as Non Independent and Non Executive Member of Board Risk Committee

Tenaga Nasional Berhad Appoints Puan Rohaya Binti Mohammad Yusof as Non Independent and Non Executive Member of Audit Committee, Effective from July 1, 2023

Tenaga Nasional Berhad Announces the Cessation of Datuk Rawisandran A/L Narayanan as Independent and Non Executive Member of Audit Committee

Tenaga Nasional Berhad Announces Appointment of Datuk Lau Beng Wei as Independent and Non Executive Member of Nomination and Remuneration Committee, Effective 1 February 2023

Tenaga Nasional Berhad Announces Resignation of Datuk Seri Asri Bin Hamidin @ Hamidon as Non-Independent Director, Non Independent and Non Executive

Tenaga Nasional Berhad Announces the Resignation of Dato' Sri Hasan Bin Arifin as Non Independent and Non Executive Chairman, Effective from 01 January 2023

Tenaga Nasional Berhad to Report Q3, 2022 Results on Dec 08, 2022

Tenaga Nasional Berhad Declares Interim Single-Tier Dividend for the Financial Year Ending 31 December 2022, Payable on 14 October 2022

Tenaga Nasional Berhad, Annual General Meeting, Jun 02, 2022

Tenaga Nasional Berhad Appoints Encik Faisal Pisal Bin Abdul Ghani as Non-Independent and Non-Executive Alternate Director, Effective March 1, 2022

Tenaga Nasional Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 December 2021

Tenaga Nasional Berhad Announces Cessation of Encik Azmin Bin Ishak as Non Independent and Non Executive Alternate Director to YBhg. Datuk Seri Asri Bin Hamidin @ Hamidon

Tenaga Nasional Berhad Announces Appointment of Dato' Merina Binti Abu Tahir as Independent and Non Executive Member of Nomination and Remuneration Committee, Effective February 1, 2022

Asiapak Investments, Ltd. acquired 100% stake in Tnb Liberty Power Limited from Tenaga Nasional Berhad (KLSE:TENAGA) for $54.5 million.

Tenaga Nasional Berhad Announces Final Dividend of MYR 0.1800 Per Ordinary Share for the Financial Year Ended December 31, 2020, Payable on April 16, 2021

Tenaga Nasional Berhad Enters into A Binding Term Sheet of Collaboration with Sunseap Group

Tenaga Nasional Berhad Announces Executive Changes, Effective March 1, 2021

Tenaga Nasional Berhad Announces Appointment of Datuk Rawisandran A/L Narayanan as Independent and Non Executive Member of Risk Committee, Date of Change Is 16 October 2020

Tenaga Nasional Berhad Announces Resignation of Cheok Lay Leng as Independent and Non Executive Member of Audit Committee, Effective 1 October 2020

Tenaga Nasional Berhad (KLSE:TENAGA) acquired an additional 19% stake in Southern Power Generation Sdn. Bhd. from SIPP Energy Sdn. Bhd for approximately MYR 280 million.

Tenaga Nasional Berhad Commences Operation of Its Second Large Scale Solar Project in Bukit Selambau, Kedah

Tenaga Nasional Berhad (KLSE:TENAGA) completed the acquisition of 5% stake in Jimah Energy Ventures Sdn Bhd from Menteri Besar Negeri Sembilan (Incorporation).

Tenaga Nasional Berhad (KLSE:TENAGA) agreed to acquire additional 5% minority stake in Vortex Solar Investments SARL from Beaufort Investments S.a.r.l.

Tenaga Nasional Berhad (KLSE:TENAGA) entered into agreement to acquire 5% stake in Jimah Energy Ventures Sdn Bhd from Menteri Besar Negeri Sembilan (Incorporation) for MYR 80 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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