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KENON HOLDINGS LTD (KEN) Stock Fundamental Analysis

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

32.61  -0.64 (-1.92%)

Fundamental Rating

4

Overall KEN gets a fundamental rating of 4 out of 10. We evaluated KEN against 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 does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

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.
The reported net income has been mixed in the past 5 years: KEN reported negative net income in multiple 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 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

Looking at the Return On Assets, with a value of 4.14%, KEN is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.61%, KEN is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
The Return On Invested Capital of KEN (1.41%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for KEN is below the industry average of 4.21%.
The 3 year average ROIC (0.56%) for KEN is below the current ROIC(1.41%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.14%
ROE 14.61%
ROIC 1.41%
ROA(3y)8.53%
ROA(5y)9.02%
ROE(3y)17.27%
ROE(5y)19.44%
ROIC(3y)0.56%
ROIC(5y)1.34%
KEN Yearly ROA, ROE, ROICKEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60 -60

1.3 Margins

Looking at the Profit Margin, with a value of 22.89%, KEN belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
KEN has a worse Operating Margin (8.15%) than 63.16% of its industry peers.
KEN's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 18.91%, KEN is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
KEN's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 8.15%
PM (TTM) 22.89%
GM 18.91%
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%
KEN Yearly Profit, Operating, Gross MarginsKEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 -100

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5

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.
KEN has less shares outstanding than it did 1 year ago.
The number of shares outstanding for KEN has been reduced compared to 5 years ago.
KEN has a worse debt/assets ratio than last year.
KEN Yearly Shares OutstandingKEN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 1.16, we must say that KEN is in the distress zone and has some risk of bankruptcy.
KEN's Altman-Z score of 1.16 is fine compared to the rest of the industry. KEN outperforms 73.68% of its industry peers.
A Debt/Equity ratio of 1.17 is on the high side and indicates that KEN has dependencies on debt financing.
The Debt to Equity ratio of KEN (1.17) is better than 73.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Altman-Z 1.16
ROIC/WACC0.22
WACC6.28%
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 0 1B 2B

2.3 Liquidity

A Current Ratio of 3.78 indicates that KEN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.78, KEN belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
KEN has a Quick Ratio of 3.78. This indicates that KEN is financially healthy and has no problem in meeting its short term obligations.
KEN has a Quick ratio of 3.78. This is amongst the best in the industry. KEN outperforms 94.74% of its industry peers.
Industry RankSector Rank
Current Ratio 3.78
Quick Ratio 3.78
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 500M 1B 1.5B

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 115.98% over the past year.
KEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.28%.
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)115.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%121.15%
Revenue 1Y (TTM)8.28%
Revenue growth 3Y21.42%
Revenue growth 5Y13.7%
Sales Q2Q%3.49%

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 200M 400M 600M 800M 1B
KEN Yearly EPS VS EstimatesKEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1 2 3

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.13, the valuation of KEN can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of KEN indicates a rather cheap valuation: KEN is cheaper than 94.74% of the companies listed in the same industry.
KEN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.62.
Industry RankSector Rank
PE 10.13
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEN indicates a somewhat cheap valuation: KEN is cheaper than 63.16% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.28
KEN Per share dataKEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

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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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 11.43%, KEN is a good candidate for dividend investing.
KEN's Dividend Yield is rather good when compared to the industry average which is at 4.60. KEN pays more dividend than 100.00% of the companies in the same industry.
KEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 11.43%

5.2 History

The dividend of KEN is nicely growing with an annual growth rate of 8.67%!
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)8.67%
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 5 10 15

5.3 Sustainability

118.43% of the earnings are spent on dividend by KEN. This is not a sustainable payout ratio.
DP118.43%
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 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 (2/21/2025, 8:04:00 PM)

32.61

-0.64 (-1.92%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-25 2024-11-25
Earnings (Next)03-24 2025-03-24
Inst Owners22.92%
Inst Owner Change-99.04%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.71B
Analysts84
Price TargetN/A
Short Float %0.06%
Short Ratio0.98
Dividend
Industry RankSector Rank
Dividend Yield 11.43%
Yearly Dividend2.82
Dividend Growth(5Y)8.67%
DP118.43%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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 10.13
Fwd PE N/A
P/S 2.3
P/FCF N/A
P/OCF 7.61
P/B 1.47
P/tB 2
EV/EBITDA 14.28
EPS(TTM)3.22
EY9.87%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-4.32
FCFYN/A
OCF(TTM)4.29
OCFY13.14%
SpS14.16
BVpS22.2
TBVpS16.34
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 4.14%
ROE 14.61%
ROCE 1.56%
ROIC 1.41%
ROICexc 1.76%
ROICexgc 1.96%
OM 8.15%
PM (TTM) 22.89%
GM 18.91%
FCFM N/A
ROA(3y)8.53%
ROA(5y)9.02%
ROE(3y)17.27%
ROE(5y)19.44%
ROIC(3y)0.56%
ROIC(5y)1.34%
ROICexc(3y)0.74%
ROICexc(5y)1.72%
ROICexgc(3y)0.84%
ROICexgc(5y)1.78%
ROCE(3y)0.62%
ROCE(5y)1.48%
ROICexcg growth 3Y-12.31%
ROICexcg growth 5Y-13.86%
ROICexc growth 3Y-15.73%
ROICexc growth 5Y-15.89%
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%
F-Score7
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.17
Debt/FCF N/A
Debt/EBITDA 8.68
Cap/Depr 465.36%
Cap/Sales 60.73%
Interest Coverage 0.92
Cash Conversion 142.72%
Profit Quality N/A
Current Ratio 3.78
Quick Ratio 3.78
Altman-Z 1.16
F-Score7
WACC6.28%
ROIC/WACC0.22
Cap/Depr(3y)399.64%
Cap/Depr(5y)304.96%
Cap/Sales(3y)47.6%
Cap/Sales(5y)34.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)115.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%121.15%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.28%
Revenue growth 3Y21.42%
Revenue growth 5Y13.7%
Sales Q2Q%3.49%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y177.81%
EBIT growth 3Y6.54%
EBIT growth 5Y0.17%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-143.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-72.93%
OCF growth 3Y44.26%
OCF growth 5Y39.5%