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Tenaga Nasional Berhad (5347) Fair Value & Analysis

Utilities · MY · Market cap 82.4B MYR

TN Tenaga Nasional Berhad 5347 · KLSE
Price14.40 MYR
Fair Value14.72 MYR
Upside+2.2%
Quality94/100
Evidence: High Range 11.04 MYR – 19.12 MYR

Fair value as of: Jun 24, 2026

From 17 valuation models · updated 5 days ago

Share price −0.1% over the past month.

Price vs Fair Value (12 months)

14.97 MYR 12.38 MYR Fair Value 14.72 MYR Jun 2025 Jun 2026

12‑month range 12.38 MYR – 14.97 MYR · fair‑value band 11.04 MYR – 19.12 MYR · the 14.40 MYR price screens below the 14.72 MYR fair value. As of Jun 24, 2026.

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Analysis

Tenaga Nasional Berhad (5347) currently trades at 14.40 MYR, while our model-based Fair Value estimate is 14.72 MYR — implying the stock looks roughly 2.2% undervalued today. We read business quality at 94/100 (high quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Tenaga Nasional Berhad generated revenue of 65.4B MYR at a net margin of 7.4%. Revenue grew 2.4% year over year. It earns a return on equity of 8.4%. Net debt stands at 78.5B MYR. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 65.4B MYR
Revenue growth (YoY) +2.4%
Net margin 7.4%
Return on equity 8.4%
Free cash flow −675M MYR FY2025
P/E ratio 17.2
More key figures
Operating margin 15.1%
EPS (TTM) 0.8200 MYR
Dividend yield 3.7%
EPS growth (YoY) +3.7%
Net debt 78.5B MYR FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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 system at Senoko. The company also supplies fuel and coal for power generation; generates, distributes, supplies, deals in, and sells various energy sources, as well as provides related technical services; develops district cooling systems; operates and maintains co-generation works; manufactures, sells, and repairs distribution, power, and earthing transformers; and owns, develops, and manages dry bulk terminals. In addition, it provides turnkey contracting services to transmission substations; repair and maintenance services to heavy industries and other related services; operation and main…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tenaga Nasional Berhad reported revenue of 67.7B MYR in FY2025 versus 52.6B MYR in FY2021, a compound +6.5%/yr. Reported net income was 4.8B MYR in FY2025, compounding +6.8%/yr from FY2021.

Revenue +6.5%/yr
FY21 52.6B MYR
FY22 73.2B MYR
FY23 53.1B MYR
FY24 56.7B MYR
FY25 67.7B MYR
Net income +6.8%/yr
FY21 3.7B MYR
FY22 3.5B MYR
FY23 2.8B MYR
FY24 4.7B MYR
FY25 4.8B MYR

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Similar stocks

6 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $85.12 $32.94 -61%
The Southern Company SO $93.43 $58.74 -37%
Duke Energy Corporation DUK $123.52 $96.52 -22%
National Grid plc NGG 61,175 ARS 43,418 ARS -29%
American Electric Power Company A1EP34 R$332.16 R$185.87 -44%
Dominion Energy, Inc D $66.77 $48.26 -28%

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Frequently asked questions

Is Tenaga Nasional Berhad (5347) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 14.72 MYR versus a price of 14.40 MYR — about +2% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 5347?
Our 21-model fair value for Tenaga Nasional Berhad is 14.72 MYR (as of Jun 24, 2026), built from audited fundamentals. The current price is 14.40 MYR.
What is the quality score of 5347?
Tenaga Nasional Berhad has a Quality Score of 94/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tenaga Nasional Berhad (5347)?
Tenaga Nasional Berhad reported trailing-twelve-month revenue of about 65.4B MYR (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 5347?
The net profit margin of Tenaga Nasional Berhad is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does Tenaga Nasional Berhad pay a dividend?
Tenaga Nasional Berhad currently shows a dividend yield of about 3.73% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.