(KEN) Kenon Holdings - Overview
Exchange: NYSE •
Country: Singapore •
Currency: USD •
Type: Common Stock •
ISIN: SG9999012629
Stock: Electricity, Renewable, Natural Gas, Solar, Wind
Total Rating 57
Risk 78
Buy Signal 0.24
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 16.93% |
| Yield on Cost 5y | 33.57% |
| Yield CAGR 5y | 5.60% |
| Payout Consistency | 81.0% |
| Payout Ratio | 28.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.9% |
| Relative Tail Risk | -2.29% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.91 |
| Alpha | 158.03 |
| Character TTM | |
|---|---|
| Beta | 0.793 |
| Beta Downside | 0.499 |
| Drawdowns 3y | |
|---|---|
| Max DD | 41.54% |
| CAGR/Max DD | 1.29 |
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) 4.5
| Net Income: 476.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 9.18 > 1.0 |
| NWC/Revenue: 139.4% < 20% (prev 90.20%; Δ 49.22% < -1%) |
| CFO/TA 0.10 > 3% & CFO 446.1m > Net Income 476.7m |
| Net Debt (226.0m) to EBITDA (251.0m): 0.90 < 3 |
| Current Ratio: 4.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.6m) vs 12m ago 4.65% < -2% |
| Gross Margin: 18.15% > 18% (prev 0.18%; Δ 1797 % > 0.5%) |
| Asset Turnover: 18.26% > 50% (prev 18.07%; Δ 0.19% > 0%) |
| Interest Coverage Ratio: 2.19 > 6 (EBITDA TTM 251.0m / Interest Expense TTM 89.3m) |
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 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) |
| Altman-Z'' Score: 3.71 = AA |
Beneish M -2.53
| DSRI: 1.21 (Receivables 127.0m/97.0m, Revenue 803.3m/742.8m) |
| GMI: 1.00 (GM 18.15% / 18.11%) |
| AQI: 1.43 (AQ_t 0.38 / AQ_t-1 0.27) |
| SGI: 1.08 (Revenue 803.3m / 742.8m) |
| TATA: 0.01 (NI 476.7m - CFO 446.1m) / TA 4.69b) |
| Beneish M-Score: -2.53 (Cap -4..+1) = A |
What is the price of KEN shares?
As of February 10, 2026, the stock is trading at USD 74.00 with a total of 6,734 shares traded.
Over the past week, the price has changed by +3.32%, over one month by +6.49%, over three months by +33.29% and over the past year by +166.77%.
Over the past week, the price has changed by +3.32%, over one month by +6.49%, over three months by +33.29% and over the past year by +166.77%.
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 | -59.7% |
| Analysts Target Price | 29.9 | -59.7% |
| ValueRay Target Price | 100.9 | 36.3% |
KEN Fundamental Data Overview February 09, 2026
P/S = 4.756
P/B = 2.5521
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 = 7.01% (E(4.06b)/V(5.43b) * Re(8.84%) + D(1.38b)/V(5.43b) * Rd(1.96%) * (1-Tc(0.18)))
Discount Rate = 8.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.61%
[DCF Debug] Terminal Value 74.98% ; FCFF base≈150.4m ; Y1≈98.7m ; Y5≈45.1m
Fair Price DCF = 11.94 (EV 1.07b - Net Debt 226.0m = Equity 846.5m / Shares 70.9m; r=7.01% [WACC]; 5y FCF grow -40.0% → 2.90% )
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
P/B = 2.5521
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 = 7.01% (E(4.06b)/V(5.43b) * Re(8.84%) + D(1.38b)/V(5.43b) * Rd(1.96%) * (1-Tc(0.18)))
Discount Rate = 8.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.61%
[DCF Debug] Terminal Value 74.98% ; FCFF base≈150.4m ; Y1≈98.7m ; Y5≈45.1m
Fair Price DCF = 11.94 (EV 1.07b - Net Debt 226.0m = Equity 846.5m / Shares 70.9m; r=7.01% [WACC]; 5y FCF grow -40.0% → 2.90% )
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