(KEN) Kenon Holdings - Ratings and Ratios
Electricity Generation, Natural Gas Plants, Renewable Energy, Solar Farms, Wind Farms
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 8.04% |
| Yield on Cost 5y | 39.38% |
| Yield CAGR 5y | 14.25% |
| Payout Consistency | 78.6% |
| Payout Ratio | 28.9% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 35.6% |
| Value at Risk 5%th | 56.4% |
| Relative Tail Risk | -3.52% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.47 |
| Alpha | 118.95 |
| CAGR/Max DD | 0.75 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.430 |
| Beta | 0.747 |
| Beta Downside | 0.525 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.38% |
| Mean DD | 14.76% |
| Median DD | 13.02% |
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) 3.5
| Net Income (494.7m TTM) > 0 and > 6% of Revenue (6% = 46.5m TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA 4.65pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 117.1% (prev 87.10%; Δ 30.02pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 472.1m <= Net Income 494.7m (YES >=105%, WARN >=100%) |
| Net Debt (500.0m) to EBITDA (261.0m) ratio: 1.92 <= 3.0 (WARN <= 3.5) |
| Current Ratio 4.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (50.0m) change vs 12m ago -4.91% (target <= -2.0% for YES) |
| Gross Margin 17.13% (prev 17.90%; Δ -0.78pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 18.61% (prev 18.40%; Δ 0.22pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.74 (EBITDA TTM 261.0m / Interest Expense TTM 114.3m) >= 6 (WARN >= 3) |
Altman Z'' 3.48
| (A) 0.21 = (Total Current Assets 1.18b - Total Current Liabilities 273.0m) / Total Assets 4.34b |
| (B) 0.29 = Retained Earnings (Balance) 1.26b / Total Assets 4.34b |
| (C) 0.05 = EBIT TTM 199.0m / Avg Total Assets 4.17b |
| (D) 0.80 = Book Value of Equity 1.39b / Total Liabilities 1.74b |
| Total Rating: 3.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 57.72
| 1. Piotroski 3.50pt |
| 2. FCF Yield 0.39% |
| 3. FCF Margin 2.25% |
| 4. Debt/Equity 1.02 |
| 5. Debt/Ebitda 1.92 |
| 6. ROIC - WACC (= -0.71)% |
| 7. RoE 34.33% |
| 8. Rev. Trend 70.39% |
| 9. EPS Trend -11.91% |
What is the price of KEN shares?
Over the past week, the price has changed by +7.40%, over one month by +16.56%, over three months by +26.04% and over the past year by +131.87%.
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 | -50% |
| Analysts Target Price | 29.9 | -50% |
| ValueRay Target Price | 79 | 32.4% |
KEN Fundamental Data Overview November 29, 2025
P/S = 3.9629
P/B = 2.2092
Beta = 0.494
Revenue TTM = 775.3m USD
EBIT TTM = 199.0m USD
EBITDA TTM = 261.0m USD
Long Term Debt = 1.30b USD (from longTermDebt, last quarter)
Short Term Debt = 104.0m USD (from shortTermDebt, last quarter)
Debt = 1.42b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 500.0m USD (from netDebt column, last quarter)
Enterprise Value = 4.44b USD (4.06b + Debt 1.42b - CCE 1.03b)
Interest Coverage Ratio = 1.74 (Ebit TTM 199.0m / Interest Expense TTM 114.3m)
FCF Yield = 0.39% (FCF TTM 17.4m / Enterprise Value 4.44b)
FCF Margin = 2.25% (FCF TTM 17.4m / Revenue TTM 775.3m)
Net Margin = 63.80% (Net Income TTM 494.7m / Revenue TTM 775.3m)
Gross Margin = 17.13% ((Revenue TTM 775.3m - Cost of Revenue TTM 642.5m) / Revenue TTM)
Gross Margin QoQ = 14.80% (prev 14.75%)
Tobins Q-Ratio = 1.02 (Enterprise Value 4.44b / Total Assets 4.34b)
Interest Expense / Debt = 1.48% (Interest Expense 21.0m / Debt 1.42b)
Taxrate = 14.29% (1.00m / 7.00m)
NOPAT = 170.6m (EBIT 199.0m * (1 - 14.29%))
Current Ratio = 4.33 (Total Current Assets 1.18b / Total Current Liabilities 273.0m)
Debt / Equity = 1.02 (Debt 1.42b / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = 1.92 (Net Debt 500.0m / EBITDA 261.0m)
Debt / FCF = 28.71 (Net Debt 500.0m / FCF TTM 17.4m)
Total Stockholder Equity = 1.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.41% (Net Income 494.7m / Total Assets 4.34b)
RoE = 34.33% (Net Income TTM 494.7m / Total Stockholder Equity 1.44b)
RoCE = 7.25% (EBIT 199.0m / Capital Employed (Equity 1.44b + L.T.Debt 1.30b))
RoIC = 6.12% (NOPAT 170.6m / Invested Capital 2.79b)
WACC = 6.83% (E(4.06b)/V(5.47b) * Re(8.77%) + D(1.42b)/V(5.47b) * Rd(1.48%) * (1-Tc(0.14)))
Discount Rate = 8.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF Debug] Terminal Value 67.24% ; FCFE base≈17.4m ; Y1≈11.4m ; Y5≈5.23m
Fair Price DCF = 1.29 (DCF Value 91.2m / Shares Outstanding 70.9m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -11.91 | EPS CAGR: -61.59% | SUE: N/A | # QB: 0
Revenue Correlation: 70.39 | Revenue CAGR: 10.89% | SUE: N/A | # QB: 0
Additional Sources for KEN Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle