Independent Power Producers
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KEN vs ICL
Revenue, margins, valuation, and 5-year total return — side by side.
Agricultural Inputs
KEN vs ICL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Independent Power Producers | Agricultural Inputs |
| Market Cap | $4.52B | $7.74B |
| Revenue (TTM) | $775M | $7.05B |
| Net Income (TTM) | $495M | $369M |
| Gross Margin | 17.1% | 31.9% |
| Operating Margin | 5.0% | 10.6% |
| Forward P/E | 7.6x | 15.6x |
| Total Debt | $1.28B | $2.76B |
| Cash & Equiv. | $1.02B | $291M |
KEN vs ICL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Kenon Holdings Ltd. (KEN) | 100 | 422.8 | +322.8% |
| ICL Group Ltd (ICL) | 100 | 173.4 | +73.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KEN vs ICL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
KEN carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.90, yield 4.4%
- Rev growth 8.6%, EPS growth 356.6%, 3Y rev CAGR 15.5%
- 12.6% 10Y total return vs ICL's 98.7%
ICL is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.65, Low D/E 44.1%, current ratio 1.33x
- Beta 0.65 vs KEN's 0.90, lower leverage
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.6% revenue growth vs ICL's 4.6% | |
| Value | Lower P/E (7.6x vs 15.6x) | |
| Quality / Margins | 63.8% margin vs ICL's 5.2% | |
| Stability / Safety | Beta 0.65 vs KEN's 0.90, lower leverage | |
| Dividends | 4.4% yield, 1-year raise streak, vs ICL's 2.9% | |
| Momentum (1Y) | +194.0% vs ICL's -9.8% | |
| Efficiency (ROA) | 11.4% ROA vs ICL's 3.0%, ROIC 1.2% vs 6.3% |
KEN vs ICL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — KEN and ICL each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ICL is the larger business by revenue, generating $7.1B annually — 9.1x KEN's $775M. KEN is the more profitable business, keeping 63.8% of every revenue dollar as net income compared to ICL's 5.2%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $775M | $7.1B |
| EBITDAEarnings before interest/tax | $122M | $1.3B |
| Net IncomeAfter-tax profit | $495M | $369M |
| Free Cash FlowCash after capex | $222M | $317M |
| Gross MarginGross profit ÷ Revenue | +17.1% | +31.9% |
| Operating MarginEBIT ÷ Revenue | +5.0% | +10.6% |
| Net MarginNet income ÷ Revenue | +63.8% | +5.2% |
| FCF MarginFCF ÷ Revenue | +28.6% | +4.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.3% | +5.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -95.3% | -1.0% |
Valuation Metrics
ICL leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
At 7.6x trailing earnings, KEN trades at a 77% valuation discount to ICL's 33.3x P/E. On an enterprise value basis, ICL's 7.7x EV/EBITDA is more attractive than KEN's 33.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.5B | $7.7B |
| Enterprise ValueMkt cap + debt − cash | $4.8B | $10.2B |
| Trailing P/EPrice ÷ TTM EPS | 7.64x | 33.33x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 15.59x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.58x |
| EV / EBITDAEnterprise value multiple | 33.93x | 7.75x |
| Price / SalesMarket cap ÷ Revenue | 6.01x | 1.08x |
| Price / BookPrice ÷ Book value/share | 1.72x | 1.24x |
| Price / FCFMarket cap ÷ FCF | — | 59.57x |
Profitability & Efficiency
KEN leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
KEN delivers a 19.1% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $6 for ICL. ICL carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to KEN's 0.48x. On the Piotroski fundamental quality scale (0–9), KEN scores 8/9 vs ICL's 3/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +19.1% | +5.8% |
| ROA (TTM)Return on assets | +11.4% | +3.0% |
| ROICReturn on invested capital | +1.2% | +6.3% |
| ROCEReturn on capital employed | +1.2% | +7.7% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 3 |
| Debt / EquityFinancial leverage | 0.48x | 0.44x |
| Net DebtTotal debt minus cash | $264M | $2.5B |
| Cash & Equiv.Liquid assets | $1.0B | $291M |
| Total DebtShort + long-term debt | $1.3B | $2.8B |
| Interest CoverageEBIT ÷ Interest expense | 0.52x | 3.71x |
Total Returns (Dividends Reinvested)
KEN leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KEN five years ago would be worth $34,065 today (with dividends reinvested), compared to $11,264 for ICL. Over the past 12 months, KEN leads with a +194.0% total return vs ICL's -9.8%. The 3-year compound annual growth rate (CAGR) favors KEN at 51.4% vs ICL's 2.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +34.0% | +4.4% |
| 1-Year ReturnPast 12 months | +194.0% | -9.8% |
| 3-Year ReturnCumulative with dividends | +246.9% | +7.5% |
| 5-Year ReturnCumulative with dividends | +240.6% | +12.6% |
| 10-Year ReturnCumulative with dividends | +1256.7% | +98.7% |
| CAGR (3Y)Annualised 3-year return | +51.4% | +2.4% |
Risk & Volatility
Evenly matched — KEN and ICL each lead in 1 of 2 comparable metrics.
Risk & Volatility
ICL is the less volatile stock with a 0.65 beta — it tends to amplify market swings less than KEN's 0.90 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. KEN currently trades 90.3% from its 52-week high vs ICL's 81.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.90x | 0.65x |
| 52-Week HighHighest price in past year | $95.93 | $7.35 |
| 52-Week LowLowest price in past year | $30.42 | $4.76 |
| % of 52W HighCurrent price vs 52-week peak | +90.3% | +81.6% |
| RSI (14)Momentum oscillator 0–100 | 60.3 | 61.9 |
| Avg Volume (50D)Average daily shares traded | 26K | 1.7M |
Analyst Outlook
KEN leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates KEN as "Hold" and ICL as "Hold". For income investors, KEN offers the higher dividend yield at 4.39% vs ICL's 2.89%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | — | $6.15 |
| # AnalystsCovering analysts | 1 | 4 |
| Dividend YieldAnnual dividend ÷ price | +4.4% | +2.9% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | $3.80 | $0.17 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | 0.0% |
KEN leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). ICL leads in 1 (Valuation Metrics). 2 tied.
KEN vs ICL: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is KEN or ICL a better buy right now?
For growth investors, Kenon Holdings Ltd.
(KEN) is the stronger pick with 8. 6% revenue growth year-over-year, versus 4. 6% for ICL Group Ltd (ICL). Kenon Holdings Ltd. (KEN) offers the better valuation at 7. 6x trailing P/E, making it the more compelling value choice. Analysts rate Kenon Holdings Ltd. (KEN) a "Hold" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — KEN or ICL?
On trailing P/E, Kenon Holdings Ltd.
(KEN) is the cheapest at 7. 6x versus ICL Group Ltd at 33. 3x.
03Which is the better long-term investment — KEN or ICL?
Over the past 5 years, Kenon Holdings Ltd.
(KEN) delivered a total return of +240. 6%, compared to +12. 6% for ICL Group Ltd (ICL). Over 10 years, the gap is even starker: KEN returned +1257% versus ICL's +98. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — KEN or ICL?
By beta (market sensitivity over 5 years), ICL Group Ltd (ICL) is the lower-risk stock at 0.
65β versus Kenon Holdings Ltd. 's 0. 90β — meaning KEN is approximately 37% more volatile than ICL relative to the S&P 500. On balance sheet safety, ICL Group Ltd (ICL) carries a lower debt/equity ratio of 44% versus 48% for Kenon Holdings Ltd. — giving it more financial flexibility in a downturn.
05Which is growing faster — KEN or ICL?
By revenue growth (latest reported year), Kenon Holdings Ltd.
(KEN) is pulling ahead at 8. 6% versus 4. 6% for ICL Group Ltd (ICL). On earnings-per-share growth, the picture is similar: Kenon Holdings Ltd. grew EPS 356. 6% year-over-year, compared to -43. 8% for ICL Group Ltd. Over a 3-year CAGR, KEN leads at 15. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — KEN or ICL?
Kenon Holdings Ltd.
(KEN) is the more profitable company, earning 79. 6% net margin versus 3. 2% for ICL Group Ltd — meaning it keeps 79. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ICL leads at 9. 8% versus 6. 3% for KEN. At the gross margin level — before operating expenses — ICL leads at 30. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — KEN or ICL?
All stocks in this comparison pay dividends.
Kenon Holdings Ltd. (KEN) offers the highest yield at 4. 4%, versus 2. 9% for ICL Group Ltd (ICL).
08Is KEN or ICL better for a retirement portfolio?
For long-horizon retirement investors, Kenon Holdings Ltd.
(KEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 90), 4. 4% yield, +1257% 10Y return). Both have compounded well over 10 years (KEN: +1257%, ICL: +98. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between KEN and ICL?
These companies operate in different sectors (KEN (Utilities) and ICL (Basic Materials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: KEN is a small-cap deep-value stock; ICL is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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