Tenaga Nasional Bhd

KLSE:5347 Malaysia Utilities - Regulated Electric
Market Cap
$18.38 Billion
RM82.77 Billion MYR
Market Cap Rank
#1616 Global
#3 in Malaysia
Share Price
RM14.20
Change (1 day)
+0.14%
52-Week Range
RM12.50 - RM14.90
All Time High
RM14.94
Categories
Companies in Malaysia Utilities - Regulated Electric
About

Tenaga Nasional Berhad engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally. It operates and maintains thermal and hydroelectric power plants; and operates and manages the National Grid that is connected to Thailand's transmission system, as well as Singapore's transmission s… Read more

Tenaga Nasional Bhd (5347) - Net Assets

Latest net assets as of September 2025: RM51.64 Billion MYR

Based on the latest financial reports, Tenaga Nasional Bhd (5347) has net assets worth RM51.64 Billion MYR as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM198.88 Billion) and total liabilities (RM147.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets RM51.64 Billion
% of Total Assets 25.96%
Annual Growth Rate 7.37%
5-Year Change 8.91%
10-Year Change 31.82%
Growth Volatility 8.3

Tenaga Nasional Bhd - Net Assets Trend (2005–2024)

This chart illustrates how Tenaga Nasional Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Tenaga Nasional Bhd (2005–2024)

The table below shows the annual net assets of Tenaga Nasional Bhd from 2005 to 2024.

Year Net Assets Change
2024-12-31 RM62.57 Billion +2.39%
2023-12-31 RM61.11 Billion +0.24%
2022-12-31 RM60.97 Billion +4.41%
2021-12-31 RM58.39 Billion +1.64%
2020-12-31 RM57.45 Billion -3.09%
2019-12-31 RM59.28 Billion +0.39%
2018-12-31 RM59.05 Billion +2.55%
2017-12-31 RM57.58 Billion +9.48%
2016-12-31 RM52.60 Billion +10.81%
2015-12-31 RM47.47 Billion +9.22%
2014-12-31 RM43.46 Billion +22.80%
2013-12-31 RM35.39 Billion -2.77%
2012-12-31 RM36.40 Billion +20.24%
2011-12-31 RM30.27 Billion +5.06%
2010-12-31 RM28.81 Billion +10.63%
2009-12-31 RM26.05 Billion +1.10%
2008-12-31 RM25.76 Billion +6.91%
2007-12-31 RM24.10 Billion +23.28%
2006-12-31 RM19.55 Billion +20.65%
2005-12-31 RM16.20 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Tenaga Nasional Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 580.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings RM54.63 Billion 90.50%
Common Stock RM12.70 Billion 21.04%
Other Comprehensive Income RM-6.96 Billion -11.53%
Total Equity RM60.37 Billion 100.00%

Tenaga Nasional Bhd Competitors by Market Cap

The table below lists competitors of Tenaga Nasional Bhd ranked by their market capitalization.

Company Market Cap
UDR Inc
NYSE:UDR
 		$10.61 Billion
Samsung C and T 1P Pref
KO:02826K
 		$10.62 Billion
Shenwan Hongyuan Group Co Ltd
SHE:000166
 		$10.62 Billion
Camden Property Trust
NYSE:CPT
 		$10.62 Billion
First Majestic Silver Corp
NYSE:AG
 		$10.60 Billion
Computershare Limited
PINK:CMSQF
 		$10.59 Billion
AMGN
NEO:AMGN
 		$10.56 Billion
WFD Unibail Rodamco NV
PINK:UNBLF
 		$10.56 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tenaga Nasional Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 58,825,800,000 to 60,371,100,000, a change of 1,545,300,000 (2.6%).
  • Net income of 4,698,600,000 contributed positively to equity growth.
  • Dividend payments of 3,073,700,000 reduced retained earnings.
  • Share repurchases of 2,800,000 reduced equity.
  • Other comprehensive income decreased equity by 280,300,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income RM4.70 Billion +7.78%
Dividends Paid RM3.07 Billion -5.09%
Share Repurchases RM2.80 Million -0.0%
Other Comprehensive Income RM-280.30 Million -0.46%
Other Changes RM203.50 Million +0.34%
Total Change RM- 2.63%

Book Value vs Market Value Analysis

This analysis compares Tenaga Nasional Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.37x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 3.71x to 1.37x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 RM3.83 RM14.20 x
2006-12-31 RM3.62 RM14.20 x
2007-12-31 RM4.40 RM14.20 x
2008-12-31 RM4.73 RM14.20 x
2009-12-31 RM4.79 RM14.20 x
2010-12-31 RM5.28 RM14.20 x
2011-12-31 RM5.53 RM14.20 x
2012-12-31 RM6.60 RM14.20 x
2013-12-31 RM6.29 RM14.20 x
2014-12-31 RM7.66 RM14.20 x
2015-12-31 RM8.36 RM14.20 x
2016-12-31 RM9.26 RM14.20 x
2017-12-31 RM10.05 RM14.20 x
2018-12-31 RM10.16 RM14.20 x
2019-12-31 RM10.20 RM14.20 x
2020-12-31 RM9.76 RM14.20 x
2021-12-31 RM9.85 RM14.20 x
2022-12-31 RM10.13 RM14.20 x
2023-12-31 RM10.15 RM14.20 x
2024-12-31 RM10.38 RM14.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tenaga Nasional Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 7.78%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.28%
  • • Asset Turnover: 0.28x
  • • Equity Multiplier: 3.40x
  • Recent ROE (7.78%) is below the historical average (9.34%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 8.22% 6.97% 0.30x 3.95x RM-285.75 Million
2006 11.13% 10.60% 0.31x 3.35x RM219.18 Million
2007 16.95% 17.44% 0.34x 2.82x RM1.67 Billion
2008 10.14% 10.10% 0.37x 2.72x RM34.68 Million
2009 3.28% 2.96% 0.40x 2.74x RM-1.75 Billion
2010 11.11% 10.55% 0.41x 2.57x RM319.41 Million
2011 1.68% 1.57% 0.43x 2.47x RM-2.51 Billion
2012 11.62% 11.71% 0.41x 2.45x RM583.87 Million
2013 13.14% 12.43% 0.37x 2.82x RM1.10 Billion
2014 14.96% 15.11% 0.39x 2.56x RM2.14 Billion
2015 12.96% 14.13% 0.37x 2.48x RM1.40 Billion
2016 14.06% 16.54% 0.34x 2.54x RM2.13 Billion
2017 12.09% 14.56% 0.33x 2.49x RM1.19 Billion
2018 6.44% 7.39% 0.33x 2.66x RM-2.06 Billion
2019 7.81% 8.89% 0.28x 3.08x RM-1.27 Billion
2020 6.43% 8.17% 0.24x 3.25x RM-1.99 Billion
2021 6.47% 6.96% 0.29x 3.23x RM-2.00 Billion
2022 5.92% 4.73% 0.36x 3.52x RM-2.39 Billion
2023 4.71% 5.22% 0.26x 3.48x RM-3.11 Billion
2024 7.78% 8.28% 0.28x 3.40x RM-1.34 Billion

Industry Comparison

This section compares Tenaga Nasional Bhd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

  • Industry: Utilities - Regulated Electric
  • Average net assets among peers: $3,191,026,000
  • Average return on equity (ROE) among peers: 12.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tenaga Nasional Bhd (5347) RM51.64 Billion 8.22% 2.85x $10.60 Billion
Mega First Corporation Bhd (3069) $3.19 Billion 12.43% 0.34x $300.74 Million