Business Description:
Tenaga Nasional Berhad (TNB) is engaged in the business of the generation, transmission, distribution and sale of electricity. The Company operates through three divisions:
- Generation Division,
- Transmission Division and
- Distribution Division.
2000 5.8 52.6
2001 5.7 43.5
2002 5.9 27.4
2003 6.9 27.0
2004 10.5 35.2
2005 9.3 28.3
2006 10.6 43.6
2007 26.5 82.5
2008 14.8 59.1
2009 11.0 49.7
2010 26.0 73.74 NTA 6.612
(The DPS, EPS and NTA above were before the 2011 1 for 4 Bonus issue. To adjust to post bonus issue numbers, multiply each by 4/5.)
Current Price (7/1/2011): 6.54
2010 Sales 30,320,100,000
Employees: 29,149
Market Cap: 35,647,530,650
Shares Outstanding: 5,450,692,760
Closely Held Shares: 2,699,667,906
Announcement Date | Financial Yr. End | Qtr | Period End | Revenue RM '000 | Profit/Lost RM'000 | EPS | Amended | ||||||
28-Oct-10 | 31-Aug-10 | 4 | 31-Aug-10 | 7,869,400 | 389,000 | 8.94 | - | ||||||
14-Jul-10 | 31-Aug-10 | 3 | 31-May-10 | 7,723,300 | 1,109,300 | 25.51 | - | ||||||
20-Apr-10 | 31-Aug-10 | 2 | 28-Feb-10 | 7,389,100 | 1,001,500 | 23.05 | - | ||||||
20-Jan-10 | 31-Aug-10 | 1 | 30-Nov-09 | 7,338,300 | 697,500 | 16.28 | - |
Estimated EPS for 2011 = 2*(8.94 + 25.51)*(4/5) = 68.9*(4/5) = 55.12 sen #
Projected PE for 2011 = 6.54 / 0.5512 = 11.9 x
# adjusted for the 2011 1/4 Bonus
Historical
5 Yr
PE range 12.6 - 18.7
DY range 2.1% - 1.4%
10 Yr
PE range 17.0 - 24.1
DY range 1.6% - 1.1%
Capital Changes
2006 1/4 Bonus
2011 1/4 Bonus
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