(KEN) Kenon Holdings - Ratings and Ratios
Electricity, Power Plants, Natural Gas, Renewables
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 16.93% |
| Yield on Cost 5y | 35.87% |
| Yield CAGR 5y | 5.60% |
| Payout Consistency | 81.0% |
| Payout Ratio | 28.9% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 33.1% |
| Value at Risk 5%th | 53.0% |
| Relative Tail Risk | -2.58% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.79 |
| Alpha | 141.06 |
| CAGR/Max DD | 1.08 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.460 |
| Beta | 0.767 |
| Beta Downside | 0.552 |
| Drawdowns 3y | |
|---|---|
| Max DD | 43.09% |
| Mean DD | 11.64% |
| Median DD | 9.22% |
Description: KEN Kenon Holdings November 14, 2025
Kenon Holdings Ltd. (NYSE: KEN) is a Singapore-incorporated holding company that owns, develops, and operates a portfolio of power-generation assets in Israel and the United States. Its business spans conventional natural-gas-fired plants, solar and wind projects, and the broader electricity supply chain, positioning it within the GICS sub-industry “Independent Power Producers & Energy Traders.”
Key operating metrics (2023) show roughly 2,500 MW of combined generation capacity, with natural-gas assets contributing about 70 % and renewable assets (primarily solar) accounting for the remainder. The company reported revenue of approximately $2.2 billion and an EBITDA margin near 30 %, reflecting the high-margin nature of regulated gas-fired generation in the U.S. Midwest and Israel’s stable power-purchase agreements. A notable sector driver is the U.S. Henry Hub-to-Southwest price spread, which directly influences Kenon’s fuel cost structure and profitability.
Kenon’s growth outlook hinges on two trends: (1) the expansion of its renewable pipeline-targeting an additional 600 MW of solar capacity by 2026, supported by U.S. Investment Tax Credits and Israel’s renewable-energy targets; and (2) the ongoing shift in natural-gas pricing dynamics, where lower spot prices can boost margins but also increase exposure to price volatility. Investors should monitor the company’s capacity-utilization rates and the regulatory environment in both jurisdictions, as these factors materially affect cash-flow stability.
For a deeper quantitative breakdown of Kenons exposure to natural-gas price spreads and its renewable-capacity pipeline, the ValueRay platform offers a granular, data-driven model you may find useful.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (476.7m TTM) > 0 and > 6% of Revenue (6% = 48.2m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 9.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 139.4% (prev 90.20%; Δ 49.22pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 446.1m <= Net Income 476.7m (YES >=105%, WARN >=100%) |
| Net Debt (226.0m) to EBITDA (251.0m) ratio: 0.90 <= 3.0 (WARN <= 3.5) |
| Current Ratio 4.66 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (55.6m) change vs 12m ago 4.65% (target <= -2.0% for YES) |
| Gross Margin 18.15% (prev 18.11%; Δ 0.04pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 18.26% (prev 18.07%; Δ 0.19pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.19 (EBITDA TTM 251.0m / Interest Expense TTM 89.3m) >= 6 (WARN >= 3) |
Altman Z'' 3.71
| (A) 0.24 = (Total Current Assets 1.43b - Total Current Liabilities 306.0m) / Total Assets 4.69b |
| (B) 0.29 = Retained Earnings (Balance) 1.36b / Total Assets 4.69b |
| (C) 0.04 = EBIT TTM 196.0m / Avg Total Assets 4.40b |
| (D) 0.86 = Book Value of Equity 1.50b / Total Liabilities 1.75b |
| Total Rating: 3.71 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 65.48
| 1. Piotroski 4.0pt |
| 2. FCF Yield 3.51% |
| 3. FCF Margin 18.72% |
| 4. Debt/Equity 0.92 |
| 5. Debt/Ebitda 0.90 |
| 6. ROIC - WACC (= -1.30)% |
| 7. RoE 31.28% |
| 8. Rev. Trend 74.21% |
| 9. EPS Trend -7.80% |
What is the price of KEN shares?
Over the past week, the price has changed by +0.22%, over one month by +12.26%, over three months by +40.61% and over the past year by +149.04%.
Is KEN a buy, sell or hold?
What are the forecasts/targets for the KEN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 29.9 | -57% |
| Analysts Target Price | 29.9 | -57% |
| ValueRay Target Price | 94.1 | 35.5% |
KEN Fundamental Data Overview January 10, 2026
P/B = 2.3755
Beta = 0.494
Revenue TTM = 803.3m USD
EBIT TTM = 196.0m USD
EBITDA TTM = 251.0m USD
Long Term Debt = 1.26b USD (from longTermDebt, last quarter)
Short Term Debt = 103.0m USD (from shortTermDebt, last quarter)
Debt = 1.38b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 226.0m USD (from netDebt column, last quarter)
Enterprise Value = 4.28b USD (4.06b + Debt 1.38b - CCE 1.15b)
Interest Coverage Ratio = 2.19 (Ebit TTM 196.0m / Interest Expense TTM 89.3m)
EV/FCF = 28.47x (Enterprise Value 4.28b / FCF TTM 150.4m)
FCF Yield = 3.51% (FCF TTM 150.4m / Enterprise Value 4.28b)
FCF Margin = 18.72% (FCF TTM 150.4m / Revenue TTM 803.3m)
Net Margin = 59.34% (Net Income TTM 476.7m / Revenue TTM 803.3m)
Gross Margin = 18.15% ((Revenue TTM 803.3m - Cost of Revenue TTM 657.5m) / Revenue TTM)
Gross Margin QoQ = 26.04% (prev 14.80%)
Tobins Q-Ratio = 0.91 (Enterprise Value 4.28b / Total Assets 4.69b)
Interest Expense / Debt = 1.96% (Interest Expense 27.0m / Debt 1.38b)
Taxrate = 18.29% (15.0m / 82.0m)
NOPAT = 160.1m (EBIT 196.0m * (1 - 18.29%))
Current Ratio = 4.66 (Total Current Assets 1.43b / Total Current Liabilities 306.0m)
Debt / Equity = 0.92 (Debt 1.38b / totalStockholderEquity, last quarter 1.50b)
Debt / EBITDA = 0.90 (Net Debt 226.0m / EBITDA 251.0m)
Debt / FCF = 1.50 (Net Debt 226.0m / FCF TTM 150.4m)
Total Stockholder Equity = 1.52b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.83% (Net Income 476.7m / Total Assets 4.69b)
RoE = 31.28% (Net Income TTM 476.7m / Total Stockholder Equity 1.52b)
RoCE = 7.03% (EBIT 196.0m / Capital Employed (Equity 1.52b + L.T.Debt 1.26b))
RoIC = 5.63% (NOPAT 160.1m / Invested Capital 2.84b)
WACC = 6.93% (E(4.06b)/V(5.43b) * Re(8.74%) + D(1.38b)/V(5.43b) * Rd(1.96%) * (1-Tc(0.18)))
Discount Rate = 8.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.61%
[DCF Debug] Terminal Value 75.36% ; FCFF base≈150.4m ; Y1≈98.7m ; Y5≈45.1m
Fair Price DCF = 12.20 (EV 1.09b - Net Debt 226.0m = Equity 864.7m / Shares 70.9m; r=6.93% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -7.80 | EPS CAGR: -51.63% | SUE: N/A | # QB: 0
Revenue Correlation: 74.21 | Revenue CAGR: 19.76% | SUE: N/A | # QB: 0
Additional Sources for KEN Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle