(KEN) Kenon Holdings - Ratings and Ratios

Exchange: NYSE • Country: Singapore • Currency: USD • Type: Common Stock • ISIN: SG9999012629

Electricity, Renewable, Natural Gas, Solar, Wind

Stock: Independent Power Producers & Energy Traders
Age 11y

MCap 4,057m
Avg Vol 13.9K (923K USD)

Beta 0.772
Volatility 32.92%

EPS (Earnings per Share)

EPS CAGR: -51.63%
EPS Trend: -7.8%

Qual. Beats: 0

Revenue

Rev. CAGR: 19.76%
Rev. Trend: 74.2%

Qual. Beats: 0

Dividends

Dividend Yield	16.93%
Yield on Cost 5y	36.59%
Yield CAGR 5y	5.60%
Payout Consistency	81.0%
Payout Ratio	28.9%

Risk via 5d forecast
Volatility	32.9%
Value at Risk 5%th	52.5%
Relative Tail Risk	-3.13%

Reward TTM
Sharpe Ratio	2.60
Alpha	128.12
CAGR/Max DD	1.01

Character TTM
Hurst Exponent	0.491
Beta	0.772
Beta Downside	0.549

Drawdowns 3y
Max DD	43.09%
Mean DD	11.65%
Median DD	9.22%

Description: KEN Kenon Holdings January 17, 2026

Kenon Holdings Ltd. (NYSE:KEN) is a Singapore-incorporated holding company that owns, develops, and operates power generation assets in Israel and the United States. Its portfolio spans natural-gas-fired plants, solar farms, and wind projects, providing both electricity and ancillary energy services.

As of FY 2023, Kenon reported roughly $120 million of EBITDA and operates about 2,300 MW of combined capacity, with renewable assets now representing ~30% of that mix. The company’s earnings are highly sensitive to natural-gas price spreads, U.S. capacity market revenues, and Israeli government incentives for clean energy-factors that have been trending upward amid global decarbonization policies and regional supply-security concerns.

For a deeper quantitative dive, you might explore ValueRay’s detailed valuation models for KEN.

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

(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) 65.45

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 (= -1.33)%

7. RoE 31.28%

8. Rev. Trend 74.21%

9. EPS Trend -7.80%

What is the price of KEN shares?

As of January 18, 2026, the stock is trading at USD 68.41 with a total of 9,349 shares traded.
Over the past week, the price has changed by -1.55%, over one month by +11.44%, over three months by +39.93% and over the past year by +140.42%.

Is KEN a buy, sell or hold?

Kenon Holdings has no consensus analysts rating.

What are the forecasts/targets for the KEN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	29.9	-56.4%
Analysts Target Price	29.9	-56.4%
ValueRay Target Price	93.8	37.2%

KEN Fundamental Data Overview January 17, 2026

P/S = 4.4905
P/B = 2.4096
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 = 6.96% (E(4.06b)/V(5.43b) * Re(8.77%) + D(1.38b)/V(5.43b) * Rd(1.96%) * (1-Tc(0.18)))
Discount Rate = 8.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.61%
[DCF Debug] Terminal Value 75.25% ; FCFF base≈150.4m ; Y1≈98.7m ; Y5≈45.1m
Fair Price DCF = 12.12 (EV 1.09b - Net Debt 226.0m = Equity 859.2m / Shares 70.9m; r=6.96% [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

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