As of 2025-05-31, the Intrinsic Value of Tenaga Nasional Bhd (TENAGA.KL) is 19.09 MYR. This TENAGA.KL valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 14.00 MYR, the upside of Tenaga Nasional Bhd is 36.40%.
The range of the Intrinsic Value is 11.34 - 36.59 MYR
Based on its market price of 14.00 MYR and our intrinsic valuation, Tenaga Nasional Bhd (TENAGA.KL) is undervalued by 36.40%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 11.34 - 36.59 | 19.09 | 36.4% |
| DCF (Growth 10y) | 15.71 - 42.45 | 23.96 | 71.2% |
| DCF (EBITDA 5y) | 3.90 - 26.68 | 15.00 | 7.1% |
| DCF (EBITDA 10y) | 8.66 - 32.68 | 20.08 | 43.4% |
| Fair Value | 4.10 - 4.10 | 4.10 | -70.73% |
| P/E | 2.40 - 4.72 | 2.73 | -80.5% |
| EV/EBITDA | (6.73) - 11.96 | 3.89 | -72.2% |
| EPV | (34.24) - (38.89) | (36.56) | -361.2% |
| DDM - Stable | 6.61 - 17.88 | 12.25 | -12.5% |
| DDM - Multi | 9.92 - 19.57 | 13.04 | -6.9% |
| Market Cap (mil) | 81,607.96 |
| Beta | 1.02 |
| Outstanding shares (mil) | 5,829.14 |
| Enterprise Value (mil) | 148,124.06 |
| Market risk premium | 6.85% |
| Cost of Equity | 8.30% |
| Cost of Debt | 5.00% |
| WACC | 6.03% |