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KENON HOLDINGS LTD (KEN) Stock Fundamental Analysis

NYSE:KEN - New York Stock Exchange, Inc. - SG9999012629 - Common Stock - Currency: USD

43.55  +0.58 (+1.35%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to KEN. KEN was compared to 19 industry peers in the Independent Power and Renewable Electricity Producers industry. Both the profitability and the financial health of KEN get a neutral evaluation. Nothing too spectacular is happening here. KEN has a expensive valuation and it also scores bad on growth. Finally KEN also has an excellent dividend rating. These ratings could make KEN a good candidate for dividend investing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year KEN was profitable.
In the past year KEN had a positive cash flow from operations.
KEN had positive earnings in 4 of the past 5 years.
In the past 5 years KEN always reported a positive cash flow from operatings.
KEN Yearly Net Income VS EBIT VS OCF VS FCFKEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

With an excellent Return On Assets value of 14.32%, KEN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
KEN's Return On Equity of 37.56% is amongst the best of the industry. KEN outperforms 94.74% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.78%, KEN is in line with its industry, outperforming 42.11% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for KEN is below the industry average of 3.60%.
The last Return On Invested Capital (0.78%) for KEN is above the 3 year average (0.50%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 14.32%
ROE 37.56%
ROIC 0.78%
ROA(3y)5.58%
ROA(5y)12.04%
ROE(3y)12.37%
ROE(5y)27.3%
ROIC(3y)0.5%
ROIC(5y)0.58%
KEN Yearly ROA, ROE, ROICKEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 -60

1.3 Margins

Looking at the Profit Margin, with a value of 79.14%, KEN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of KEN has declined.
Looking at the Operating Margin, with a value of 6.51%, KEN is in line with its industry, outperforming 42.11% of the companies in the same industry.
In the last couple of years the Operating Margin of KEN has declined.
KEN has a Gross Margin of 17.60%. This is in the lower half of the industry: KEN underperforms 68.42% of its industry peers.
In the last couple of years the Gross Margin of KEN has declined.
Industry RankSector Rank
OM 6.51%
PM (TTM) 79.14%
GM 17.6%
OM growth 3Y9.8%
OM growth 5Y-15.86%
PM growth 3Y-25.28%
PM growth 5YN/A
GM growth 3Y-6.34%
GM growth 5Y-6.78%
KEN Yearly Profit, Operating, Gross MarginsKEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100

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6

2. Health

2.1 Basic Checks

KEN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, KEN has less shares outstanding
Compared to 5 years ago, KEN has less shares outstanding
The debt/assets ratio for KEN has been reduced compared to a year ago.
KEN Yearly Shares OutstandingKEN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
KEN Yearly Total Debt VS Total AssetsKEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 1.54, we must say that KEN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.54, KEN is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that KEN is somewhat dependend on debt financing.
The Debt to Equity ratio of KEN (0.72) is better than 78.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Altman-Z 1.54
ROIC/WACC0.12
WACC6.57%
KEN Yearly LT Debt VS Equity VS FCFKEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 5.45 indicates that KEN has no problem at all paying its short term obligations.
KEN has a better Current ratio (5.45) than 94.74% of its industry peers.
KEN has a Quick Ratio of 5.45. This indicates that KEN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 5.45, KEN belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.45
Quick Ratio 5.45
KEN Yearly Current Assets VS Current LiabilitesKEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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3

3. Growth

3.1 Past

KEN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 378.11%, which is quite impressive.
KEN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -13.11% yearly.
KEN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.77%.
KEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.00% yearly.
EPS 1Y (TTM)378.11%
EPS 3Y-13.11%
EPS 5YN/A
EPS Q2Q%46.67%
Revenue 1Y (TTM)5.77%
Revenue growth 3Y15.48%
Revenue growth 5Y15%
Sales Q2Q%5.17%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
KEN Yearly Revenue VS EstimatesKEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
KEN Yearly EPS VS EstimatesKEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 1 2 3

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 3.81, the valuation of KEN can be described as very cheap.
Based on the Price/Earnings ratio, KEN is valued cheaper than 94.74% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.41, KEN is valued rather cheaply.
Industry RankSector Rank
PE 3.81
Fwd PE N/A
KEN Price Earnings VS Forward Price EarningsKEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

KEN's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.18
KEN Per share dataKEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 11.18%, KEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.80, KEN pays a better dividend. On top of this KEN pays more dividend than 100.00% of the companies listed in the same industry.
KEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 11.18%

5.2 History

On average, the dividend of KEN grows each year by 25.85%, which is quite nice.
KEN has been paying a dividend for over 5 years, so it has already some track record.
KEN has decreased its dividend recently.
Dividend Growth(5Y)25.85%
Div Incr Years1
Div Non Decr Years1
KEN Yearly Dividends per shareKEN Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

5.3 Sustainability

33.33% of the earnings are spent on dividend by KEN. This is a low number and sustainable payout ratio.
DP33.33%
EPS Next 2YN/A
EPS Next 3YN/A
KEN Yearly Income VS Free CF VS DividendKEN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M 800M
KEN Dividend Payout.KEN Dividend Payout, showing the Payout Ratio.KEN Dividend Payout.PayoutRetained Earnings

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KENON HOLDINGS LTD

NYSE:KEN (8/11/2025, 8:04:00 PM)

43.55

+0.58 (+1.35%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)06-09 2025-06-09
Earnings (Next)08-28 2025-08-28
Inst Owners21.44%
Inst Owner Change1.13%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.27B
Analysts84
Price TargetN/A
Short Float %0.19%
Short Ratio1.81
Dividend
Industry RankSector Rank
Dividend Yield 11.18%
Yearly Dividend3.82
Dividend Growth(5Y)25.85%
DP33.33%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-14 2025-04-14 (4.8)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 3.81
Fwd PE N/A
P/S 2.98
P/FCF N/A
P/OCF 8.83
P/B 1.42
P/tB 1.48
EV/EBITDA 16.18
EPS(TTM)11.42
EY26.22%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.53
FCFYN/A
OCF(TTM)4.93
OCFY11.33%
SpS14.59
BVpS30.75
TBVpS29.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 14.32%
ROE 37.56%
ROCE 1.24%
ROIC 0.78%
ROICexc 1.09%
ROICexgc 1.11%
OM 6.51%
PM (TTM) 79.14%
GM 17.6%
FCFM N/A
ROA(3y)5.58%
ROA(5y)12.04%
ROE(3y)12.37%
ROE(5y)27.3%
ROIC(3y)0.5%
ROIC(5y)0.58%
ROICexc(3y)0.68%
ROICexc(5y)0.83%
ROICexgc(3y)0.73%
ROICexgc(5y)0.88%
ROCE(3y)0.8%
ROCE(5y)0.92%
ROICexcg growth 3Y19.58%
ROICexcg growth 5Y-18.03%
ROICexc growth 3Y24.1%
ROICexc growth 5Y-18.43%
OM growth 3Y9.8%
OM growth 5Y-15.86%
PM growth 3Y-25.28%
PM growth 5YN/A
GM growth 3Y-6.34%
GM growth 5Y-6.78%
F-Score7
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF N/A
Debt/EBITDA 8.27
Cap/Depr 314.77%
Cap/Sales 37.44%
Interest Coverage 0.84
Cash Conversion 183.71%
Profit Quality N/A
Current Ratio 5.45
Quick Ratio 5.45
Altman-Z 1.54
F-Score7
WACC6.57%
ROIC/WACC0.12
Cap/Depr(3y)386.51%
Cap/Depr(5y)356.45%
Cap/Sales(3y)46.81%
Cap/Sales(5y)41.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)378.11%
EPS 3Y-13.11%
EPS 5YN/A
EPS Q2Q%46.67%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.77%
Revenue growth 3Y15.48%
Revenue growth 5Y15%
Sales Q2Q%5.17%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y22.04%
EBIT growth 3Y26.8%
EBIT growth 5Y-3.24%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-105.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-67.02%
OCF growth 3Y3.3%
OCF growth 5Y25.43%