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Tenaga Nasional Bhd
KLSE:TENAGA

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Tenaga Nasional Bhd
KLSE:TENAGA
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Price: 14.54 MYR -0.41% Market Closed
Market Cap: 84.8B MYR

EV/IC

0.8
Current
6%
More Expensive
vs 3-y average of 0.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.8
=
Enterprise Value
MYR147B
/
Invested Capital
174.3B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.8
=
Enterprise Value
MYR147B
/
Invested Capital
174.3B

Valuation Scenarios

Tenaga Nasional Bhd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.8), the stock would be worth MYR13.72 (6% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-16%
Maximum Upside
+18%
Average Downside
1%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.8 MYR14.54
0%
3-Year Average 0.8 MYR13.72
-6%
5-Year Average 0.7 MYR12.15
-16%
Industry Average 0.9 MYR14.76
+2%
Country Average 1 MYR17.09
+18%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
MY
Tenaga Nasional Bhd
KLSE:TENAGA
84.8B MYR 0.8 17.8
US
Nextera Energy Inc
NYSE:NEE
202.1B USD 1.4 24.7
ES
Iberdrola SA
MAD:IBE
128.3B EUR 1.1 20.6
IT
Enel SpA
MIL:ENEL
99.6B EUR 1 23.7
US
Constellation Energy Corp
NASDAQ:CEG
111.5B USD 2.4 41.5
US
Southern Co
NYSE:SO
106.3B USD 1.1 24.5
US
Duke Energy Corp
NYSE:DUK
100.1B USD 1 20.4
US
American Electric Power Company Inc
NASDAQ:AEP
74B USD 1.1 20.7
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.2 -2.5
US
Entergy Corp
NYSE:ETR
52.7B USD 1.2 30
US
Xcel Energy Inc
NASDAQ:XEL
51.5B USD 1.1 25.5

Market Distribution

In line with most companies in Malaysia
Percentile
42nd
Based on 449 companies
42nd percentile
0.8
Low
0 — 0.7
Typical Range
0.7 — 1.9
High
1.9 —
Distribution Statistics
Malaysia
Min 0
30th Percentile 0.7
Median 1
70th Percentile 1.9
Max 2 466.7

Tenaga Nasional Bhd
Glance View

Tenaga Nasional Berhad, often referred to by its initials TNB, stands as a towering figure in Malaysia's energy landscape. As the country's largest electricity utility company, TNB is integral to powering the nation’s growth. It serves a vast array of customers, ranging from industrial giants to small households, all while ensuring a reliable flow of electricity across Malaysia. The company's operations are vertically integrated, spanning the entire electricity production chain—from generation, transmission, and distribution to retailing electricity. This comprehensive control over the supply chain allows TNB to maintain robust operational efficiency and adaptability, crucial in an industry where ensuring an uninterrupted energy supply is paramount. The financial heartbeat of TNB resides in its ability to monetize each segment of its operations. Income is primarily generated through the sale of electricity, structured under a regulated tariff system governed by the Malaysian government. This regulatory framework provides TNB with a stable revenue stream despite the fluctuations in global energy markets. Additionally, TNB has been progressively diversifying its energy generation mix, with investments in renewable energy projects. This strategy not only aligns with global environmental trends but also positions TNB for sustainable long-term growth, as the world gradually shifts towards green energy solutions. Through innovative projects, expanding green portfolios, and maintaining a steady supply chain, TNB continues to drive its financial prowess, ensuring it lights up Malaysia and beyond.

TENAGA Intrinsic Value
19.6 MYR
Undervaluation 26%
Intrinsic Value
Price MYR14.54
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