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KENKenon Holdings Ltd.
$67.48$3.5B
Overview & Verdict
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KEN logoKenon Holdings Ltd.(KEN)Earnings, Financials & Key Ratios

KEN•NYSE•Utilities
$67.48
53.1× P/E·Price updated Jul 7, 2026
SectorUtilitiesIndustryIndependent PowerSub-IndustryMerchant and Diversified Power Producers
AboutKenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates in four segments: OPC Israel, CPV Group, ZIM, and Quantum. The company engages in the generation and supply of electricity and energy; development, construction, and management of renewable energy and conventional natural gas-fired power plants; manufacture of automobiles; and provision of container liner shipping services. As of December 31, 2021, the company had an installed capacity of approximately 610 MW; and operated a fleet of 118 vessels. The company was incorporated in 2014 and is based in Singapore. Kenon Holdings Ltd. is a subsidiary of Ansonia Holdings Singapore B.V.Show more
  • Revenue$872M+16.1%
  • EBITDA$135M-4.4%
  • Net Income$66M-88.9%
  • Free Cash Flow-$78M-3.4%
  • EBITDA Margin15.46%-17.6%
  • Net Margin7.6%-90.4%
  • ROE2.27%-91.0%
  • Interest Coverage3.52+81.0%
  • Debt/Equity0.56+16.1%

KEN Price & Volume

Kenon Holdings Ltd. (KEN) stock price & volume — 10-year historical chart

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Infrastructure Expansion Masks Volatile Equity Method Earnings

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Fortress
Cash Flow:Burning
Primary Risk:Geopolitical and capital deployment

Key Thesis Takeaways

  • Kenon Holdings is currently transitioning from an asset-light holding company to an infrastructure-heavy utility operator, evidenced by a significant increase in net PPE to $2.7B as of 2026Q1.
  • While the firm maintains a fortress-like balance sheet with $1.9B in cash, investors should remain cautious as earnings quality is frequently distorted by non-recurring revaluations of minority stakes like ZIM.
  • Future performance hinges on the company's ability to convert its aggressive capital expenditure cycle into sustainable, recurring utility cash flows rather than relying on volatile equity-method accounting.

Verdict Logic

while the 7.8% dividend yield is attractive, the company's reliance on volatile non-recurring income and the recent negative free cash flow of $144.0M warrant a wait-and-see approach until core utility operations demonstrate consistent cash-generating capacity.

KEN Growth Metrics

Kenon Holdings Ltd. (KEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.34%
5 Years17.67%
3 Years14.96%
TTM32.31%

Profit CAGR

10 Years-0.96%
5 Years-33.43%
3 Years-40.38%
TTM-86.49%

EPS CAGR

10 Years-0.68%
5 Years-33%
3 Years-39.73%
TTM-86.77%

Return on Capital

10 Years1.8%
5 Years0.93%
3 Years1.25%
Last Year1.38%

KEN Recent Earnings

Kenon Holdings Ltd. (KEN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat Revenue 0/12 qtrs (0%)
Q3 2026Latest
Jun 1, 2026
Metric
Actual
Est
EPS
$0.49
—
Rev
$317M
—
Q2 2026
Mar 30, 2026
Metric
Actual
Est
EPS
$0.47
—
Rev
$228M
—
Q4 2025
Dec 3, 2025
Metric
Actual
Est
EPS
$0.45
—
Rev
$265M
—
Q3 2025
Aug 28, 2025
Metric
Actual
Est
EPS
$0.10
—
Rev
$196M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026LatestJun 1, 2026
$0.49
$317M
Q2 2026Mar 30, 2026
$0.47
$228M
Q4 2025Dec 3, 2025
$0.45
$265M
Q3 2025Aug 28, 2025
$0.10
$196M
Based on last 12 quarters of dataView full earnings history →

Latest KEN News

Recent stock market news and headlines for Kenon Holdings Ltd. (KEN)

GuruFocus·6 days ago
Is Kenon Holdings Ltd (KEN) Overvalued After 3.5% Rally? GF Value Says Overvalued

On July 01, 2026, Kenon Holdings Ltd (KEN) shares rose 3.5% to $69.23. This increase comes amid a 52-week trading range of $41.50 to $95.93, highlighting signif

Peers Comparison

Key metrics vs top competitors for Kenon Holdings Ltd. (KEN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KEN logoKENKenon Holdings Ltd.Current
$67.48$3.52B53.1316.06%7.6%2.27%7.61%
AMTD logoAMTDAMTD IDEA Group
$0.94$7.1M0.335.81%100.3%12.95%—
ITRN logoITRNIturan Location and Control Ltd.
$55.08$1.1B18.866.77%16.03%27.71%—
ESLT logoESLTElbit Systems Ltd.
$777.93$36.43B68.3016.27%7.14%14.39%—
TEVA logoTEVATeva Pharmaceutical Industries Limited
$33.44$38.94B27.874.31%9.02%20.69%—
ICL logoICLICL Group Ltd
$4.95$6.39B27.504.56%3.52%4.14%—

Compare KEN vs Peers

Kenon Holdings Ltd. (KEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AMTD

Most directly comparable listed peer for KEN.

Scale Benchmark

vs GE

Larger-name benchmark to compare KEN against a more recognizable public peer.

Peer Set

Compare Top 5

vs AMTD, ITRN, ESLT, TEVA

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KEN Frequently Asked Questions

Kenon Holdings Ltd. (KEN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Kenon Holdings Ltd.'s revenue?

Kenon Holdings Ltd. (KEN) reported $1.01B in revenue for fiscal year 2025. This represents a 74% increase from $577.3M in 2012.

How fast is Kenon Holdings Ltd. growing?

Kenon Holdings Ltd. (KEN) grew revenue by 16.1% over the past year. This is strong growth.

Is KEN profitable?

Yes, Kenon Holdings Ltd. (KEN) is profitable, generating $81.3M in net income for fiscal year 2025 (7.6% net margin).

Dividend & Returns
Does KEN pay dividends?

Yes, Kenon Holdings Ltd. (KEN) pays a dividend with a yield of 7.61%. This makes it attractive for income-focused investors.

What is KEN's return on equity?

Kenon Holdings Ltd. (KEN) has a return on equity (ROE) of 2.3%. This is below average, suggesting room for improvement.

What is Kenon Holdings Ltd.'s free cash flow?

Kenon Holdings Ltd. (KEN) had negative free cash flow of $208.2M in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is KEN's dividend sustainable?

Kenon Holdings Ltd. (KEN) has a dividend payout ratio of 404%. The high payout ratio may limit dividend growth.

What if you invested $1,000 in KEN back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →