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Company Analysis

Kenon Holdings Ltd. KEN

A comprehensive view of key metrics, scores, and financial health for Kenon Holdings Ltd.

Overview of Kenon Holdings Ltd.

KEN NYQ
Utilities Utilities - Independent Power Producers Framework: Regulated Utilities Mid Cap
Kenon Holdings Ltd. (KEN), is a Mid Cap company, in the Utilities - Independent Power Producers industry, last closed at $68.57, about 56.4% overvalued vs fair value, +46.9% 1Y return, ranked 91/117 in sector.
Metrics P/E 52.0× Rev Growth 16.1% ROE 4.2% Gross Margin 16.8% Div Yield 7.75%
USD 68.57
-0.88%
(Delayed)
• Vol 90d: 47.9%
52-Week Range
Market Cap
$3.46B
Enterprise Value
$4.15B
Overall Score
View breakdown
Overall
Growth
Excellent
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Excellent
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 100%
Confidence: 62%
Updated: Sep 12
Top Beats

Quick Facts

Website https://www.kenon-holdings.com
HQ Singapore
Employees 344
Fiscal year Dec 31

Next Events

Earnings Aug 27 Estimated

Fair Value Snapshot

Bear Base Bull
$25
$30
$35
Current: $68.57 -56% vs base

Engine Room Money Flow™

Mid Cap

Regulated Utilities - Where revenue goes and how value is created

Flow Steps
Total Revenue
$871.9M
16.1%%
EBITDA
$318.9M
17.1%%
Operating Income (EBIT)
$62.3M
31.2%%
Net Income
$66.3M
-88.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Regulated Utilities

Quality & Reliability Indicators

FFO / Total Debt
9.4%
Poor

FFO ÷ Total Debt — the primary S&P/Moody's credit metric for utility ratings. >15% is investment-grade; >20% signals strong credit quality.

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$277.5M
166.3% of FFO

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
5
Active Leaks
1/5
Improving
0
High Impact
1
Critical
Locked Leak
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Locked Leak
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Moat Analysis Regulated Utilities

Competitive Advantage Assessment

Evaluating Kenon Holdings Ltd.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
50
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Investment-Grade Interest Coverage Interest coverage is strong (score 0.75), supporting investment-grade credit metrics.
  • Highly Stable Essential-Service Revenue Revenue stability is high (score 0.87), reflecting inelastic demand for essential services.

Key risks

  • Margin Pressure from Rate Cases Regulated margin level is weak (score 0.26), which may signal regulatory headwinds.
  • Cost Discipline Lags Peers Operational cost discipline is weak (score 0.20), dragging on margins.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Regulatory Franchise

Developing
46
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Regulated Utilities vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing KEN's balance between Growth (38.6%), Profitability (18.4%), and Safety (43.0%). Growth 39% Safety 43% Profitability 18%

Click axes to expand details. Marker shows current allocation.

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Growth

68th percentile vs peers
68
Key Signals
Asset Growth YoY 27.7% 92p Rev Growth YoY 16.1% 81p Revenue CAGR 3Y 15.0% 84p Equity Growth YoY -1.2% 15p EPS Growth YoY -88.8% 6p
Strengths
  • Asset Growth YoY in top 20% of peers (27.7%, 92th percentile)
  • Rev Growth YoY in top 20% of peers (16.1%, 81th percentile)
  • Revenue CAGR 3Y in top 20% of peers (15.0%, 84th percentile)
  • Net Debt/EBITDA in top 20% of peers (97.0%, 87th percentile)
  • Equity/Assets in top 20% of peers (59.2%, 91th percentile)
Risks
  • EPS Growth YoY in bottom 20% of peers (-88.8%)
  • Equity Growth YoY in bottom 20% of peers (-1.2%)

Profitability

32th percentile vs peers
32
Key Signals
Strengths
Risks
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Safety

75th percentile vs peers
76
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Kenon Holdings Ltd..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$29.89
- - -
-56.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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