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Malaysian conglomerate running power generation, cement, property and hotels, cross-listed via a Tokyo depositary receipt.
Malaysian conglomerate running power generation, cement, property and hotels, cross-listed via a Tokyo depositary receipt.
Makes most of its money through YTL Power, which owns Wessex Water, a regulated UK water utility, plus power generation in Malaysia and Indonesia sold under long contracts or regulated tariffs. Cement, property and hotels come second. The Yeoh family controls the group, which is listed in Kuala Lumpur; the Tokyo line is of depositary receipts.
In one line: A diversified utility/infrastructure conglomerate, like a smaller NRG plus real estate.
Moat: narrow (regulatory licence, scale). Long-term power purchase agreements and licensed utility assets anchor stable cash flow.
Headquarters: Kuala Lumpur, Malaysia · Founded: 1955 · Employees: 20,815
Size YTL (1773.T) is a Japan Utilities company (Electric Utilities) with a market value of $6.14B, the 204th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥79 on 6 Nov 2026.
Performance Over six months the shares gained 1.3%, against -5.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 19.4% over the last twelve months (peer median +5.5%); the operating margin is 18.8% (peer median 15.9%).
Valuation It trades at 12.5× forward earnings against a peer median of 17.1× (6th cheapest of 20).
Capital Return on invested capital runs 0.2 points above its cost of capital (5.1% WACC).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | ¥1.26T | ¥1.26T | ¥1.05T | ¥1.04T | ¥914B |
| Revenue growth | — | +20% | +1% | +14% | — |
| Gross profit | ¥351B | ¥353B | ¥306B | ¥312B | ¥199B |
| EBITDA | ¥346B | ¥350B | ¥310B | ¥300B | ¥191B |
| Net income | ¥57.2B | ¥57.0B | ¥67.1B | ¥73.0B | ¥33.8B |
| Free cash flow | -¥135B | -¥135B | -¥14.2B | ¥88.8B | ¥79.6B |
| Capital expenditure | ¥326B | ¥326B | ¥227B | ¥131B | ¥66.7B |
| Total debt | ¥2.23T | ¥2.23T | ¥1.85T | ¥1.66T | ¥1.48T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1773.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | +0.2% | 6th lowest of 21 |
| 6-month return | +1.3% | -5.7% | 5th highest of 21 |
| Distance from 52-week high | -23.3% | -24.2% | 11th highest of 21 |
| Revenue growth (TTM) | +19.4% | +5.5% | 4th highest of 21 |
| Operating margin | 18.8% | 15.9% | 9th highest of 21 |
| Forward P/E | 12.5× | 17.1× | 6th cheapest of 20 |
| ROIC minus cost of capital | +0.2 pp | -0.9 pp | 9th highest of 21 |
| EV / EBITDA | 8.5× | 11.7× | 4th cheapest of 13 |
| Net debt / EBITDA | 4.4× | 5.4× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| YTL 1773.T | Japan | $6.14B | +1% | +19% | 19% | 12.5× | n/a | n/a |
| ATCO ACO-X.TO | Canada | $6.15B | +25% | +5% | 12% | 16.8× | 15.0% | +5.5% |
| Hera HER.MI | Italy | $6.14B | -3% | -11% | 8% | 11.9× | -8.9% | +12.6% |
| Enel Chile SA Sponsored ADR ENIC | United States | $6.06B | -6% | +16% | 19% | 9.4× | 3.4% | +6.9% |
| TXNM Energy TXNM | United States | $6.41B | -1% | +10% | 24% | 22.5× | n/a | n/a |
| Companhia Energetica de Minas Gerais SA Sponsored ADR Pfd CIG | United States | $6.45B | -23% | +13% | 13% | 9.0× | -1.6% | +9.4% |
| Shenergy 600642.SS | China | $6.64B | +1% | -2% | 12% | 12.6× | -1.6% | +7.2% |
| Ormat Technologies ORA | United States | $5.65B | -24% | +31% | 19% | 41.2× | n/a | n/a |
| Torrent Power TORNTPOWER.NS | India | $6.78B | -26% | +8% | 13% | 23.3× | n/a | n/a |
| China Southern Power Grid Energy Storage 600995.SS | China | $5.48B | -21% | +18% | 41% | 18.7× | n/a | n/a |
| Portland General Electric POR | United States | $5.47B | -5% | +3% | 16% | 12.9× | n/a | n/a |
| HK Electric Investments & HK Electric Investments 2638.HK | Hong Kong | $6.99B | -3% | +4% | 42% | 17.1× | 3.5% | +3.1% |
| Capital Power CPX.TO | Canada | $7.13B | -4% | +25% | 10% | 19.5× | 18.9% | +11.8% |
| SPIC Hydropower 600292.SS | China | $7.26B | -34% | +301% | 28% | 72.6× | -6.8% | +27.0% |
| Acea ACE.MI | Italy | $5.14B | -7% | -21% | 26% | 14.3× | 5.8% | -3.3% |
| Inner Mongolia MengDian HuaNeng Thermal Power 600863.SS | China | $7.35B | +16% | -3% | 16% | 18.4× | -1.9% | +6.5% |
| NorthWestern Energy NWE | United States | $5.09B | +14% | +11% | 19% | 20.6× | n/a | n/a |
| Beijing Jingneng Power 600578.SS | China | $5.06B | +3% | -6% | 11% | 11.0× | -2.8% | +12.2% |
| Huadian Energy 600726.SS | China | $5.01B | -33% | -7% | 10% | n/a | n/a | n/a |
| Shanghai Electric Power 600021.SS | China | $4.98B | -31% | -6% | 13% | 8.9× | n/a | n/a |
| Brookfield Renewable BEPC | United States | $4.79B | -13% | +6% | 19% | 249.6× | n/a | n/a |