KENON HOLDINGS LTD (KEN)
SG9999012629 - Common Stock
Taking everything into account, KEN scores 3 out of 10 in our fundamental rating. KEN was compared to 21 industry peers in the Independent Power and Renewable Electricity Producers industry. The financial health of KEN is average, but there are quite some concerns on its profitability. KEN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
KEN had negative earnings in the past year.
In the past year KEN had a positive cash flow from operations.
In multiple years KEN reported negative net income over the last 5 years.
In the past 5 years KEN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -5.74%, KEN is doing worse than 76.19% of the companies in the same industry.
KEN has a worse Return On Equity (-19.61%) than 71.43% of its industry peers.
With a Return On Invested Capital value of 1.00%, KEN perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
KEN had an Average Return On Invested Capital over the past 3 years of 0.56%. This is below the industry average of 3.61%.
The last Return On Invested Capital (1.00%) for KEN is above the 3 year average (0.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.74% | ||
| ROE | -19.61% | ||
| ROIC | 1% |
ROA(3y)8.53%
ROA(5y)9.02%
ROE(3y)17.27%
ROE(5y)19.44%
ROIC(3y)0.56%
ROIC(5y)1.34%
1.3 Margins
KEN has a Operating Margin of 6.01%. This is in the lower half of the industry: KEN underperforms 61.90% of its industry peers.
KEN's Operating Margin has declined in the last couple of years.
KEN's Gross Margin of 17.27% is on the low side compared to the rest of the industry. KEN is outperformed by 80.95% of its industry peers.
KEN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.01% | ||
| PM (TTM) | N/A | ||
| GM | 17.27% |
OM growth 3Y-12.26%
OM growth 5Y-11.9%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.99%
GM growth 5Y-4.1%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KEN is destroying value.
Compared to 1 year ago, KEN has less shares outstanding
The number of shares outstanding for KEN has been reduced compared to 5 years ago.
The debt/assets ratio for KEN is higher compared to a year ago.
2.2 Solvency
KEN has an Altman-Z score of 1.06. This is a bad value and indicates that KEN is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.06, KEN is doing good in the industry, outperforming 76.19% of the companies in the same industry.
A Debt/Equity ratio of 1.13 is on the high side and indicates that KEN has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.13, KEN is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.06 |
ROIC/WACC0.17
WACC5.8%
2.3 Liquidity
KEN has a Current Ratio of 3.05. This indicates that KEN is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of KEN (3.05) is better than 85.71% of its industry peers.
KEN has a Quick Ratio of 3.05. This indicates that KEN is financially healthy and has no problem in meeting its short term obligations.
KEN's Quick ratio of 3.05 is amongst the best of the industry. KEN outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 3.05 |
3. Growth
3.1 Past
The earnings per share for KEN have decreased strongly by -175.93% in the last year.
KEN shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.31%.
KEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.70% yearly.
EPS 1Y (TTM)-175.93%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q100.85%
Revenue 1Y (TTM)20.31%
Revenue growth 3Y21.42%
Revenue growth 5Y13.7%
Revenue growth Q2Q4%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for KEN. In the last year negative earnings were reported.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.95 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 17.53%, KEN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.77, 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.53% |
5.2 History
On average, the dividend of KEN grows each year by 8.67%, which is quite nice.
KEN has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)8.67%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KEN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-63.72%
EPS Next 2YN/A
EPS Next 3YN/A
KENON HOLDINGS LTD
NYSE:KEN (5/1/2024, 7:06:12 PM)
22.42
+0.02 (+0.09%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.18B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.53% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.74% | ||
| ROE | -19.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.01% | ||
| PM (TTM) | N/A | ||
| GM | 17.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.05 | ||
| Quick Ratio | 3.05 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-175.93%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)20.31%
Revenue growth 3Y21.42%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y