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KEN logoKenon Holdings Ltd.(KEN)Earnings, Financials & Key Ratios

KEN•NYSE•Utilities
$91.99
$4.8B mkt cap·8.1× P/E·Price updated May 6, 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$751M+8.6%
  • EBITDA$141M+5.6%
  • Net Income$598M+353.3%
  • Free Cash Flow-$76M-36.6%
  • EBITDA Margin18.76%-2.8%
  • Net Margin79.55%+333.2%
  • ROE25.27%+333.8%
  • Interest Coverage0.52-22.2%
  • Debt/Equity0.48-37.4%
  • Net Debt/EBITDA1.88-72.0%
  • CapEx / Revenue45.34%-5.6%
  • CapEx Coverage0.78-6.6%
Technical→

KEN Key Insights

Kenon Holdings Ltd. (KEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓Healthy dividend yield of 4.1%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High leverage: 9.1x Debt/EBITDA
  • ✗Weak interest coverage of 0.5x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

KEN Price & Volume

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

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KEN Growth Metrics

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

Revenue CAGR

10 Years-5.85%
5 Years15%
3 Years15.49%
TTM5.51%

Profit CAGR

10 Years2.49%
5 Years-
3 Years-13.71%
TTM734.38%

EPS CAGR

10 Years2.83%
5 Years-
3 Years-13.08%
TTM774.82%

Return on Capital

10 Years12.48%
5 Years17.2%
3 Years11.59%
Last Year1.22%

KEN Recent Earnings

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

Full history →
●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Mar 30, 2026
EPS
$0.47
Revenue
$228M
Q4 2025
Dec 3, 2025
EPS
$0.45
Revenue
$265M
Q3 2025
Aug 28, 2025
EPS
$0.10
Revenue
$196M
Q2 2025
May 28, 2025
EPS
$0.22
Revenue
$183M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 30, 2026
$0.47
$228M
Q4 2025Dec 3, 2025
$0.45
$265M
Q3 2025Aug 28, 2025
$0.10
$196M
Q2 2025May 28, 2025
$0.22
$183M
Based on last 12 quarters of dataView full earnings history →

KEN Peer Comparison

Kenon Holdings Ltd. (KEN) competitors in Merchant and Diversified Power Producers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
AMTD logoAMTDAMTD IDEA GroupDirect Competitor7.15M1.010.24-55.94%12.95%0.17
ITRN logoITRNIturan Location and Control Ltd.Direct Competitor1.38B58.8920.176.77%16.15%27.27%0.02
ESLT logoESLTElbit Systems Ltd.Direct Competitor38.55B830.0967.3223.88%6.74%14.13%0.23
TEVA logoTEVATeva Pharmaceutical Industries LimitedDirect Competitor42.31B36.3430.284.31%9.02%20.69%2.20
ICL logoICLICL Group LtdDirect Competitor7.25B5.6231.224.56%5.23%5.78%0.44
ORA logoORAOrmat Technologies, Inc.Product Competitor7.07B115.0356.9512.49%12.52%4.69%1.06
CWEN logoCWENClearway Energy, Inc.Product Competitor7.91B38.4927.114.23%11.83%2.98%1.72
AES logoAESThe AES CorporationProduct Competitor10.23B14.3411.38-0.37%8.42%10.65%2.54

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

KEN Income Statement

Kenon Holdings Ltd. (KEN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue1.87B366M364.01M373.47M386M487.76M574M691.8M751.3M775.3M
Revenue Growth %45.38%-80.47%-0.54%2.6%3.35%26.36%17.68%20.52%8.6%5.51%
Cost of Revenue1.52B298M289.32M287.18M315M389.41M474M572.34M607.52M642.52M
Gross Profit
355M▲ 0%
68M▼ 80.8%
74.69M▲ 9.8%
86.3M▲ 15.5%
71M▼ 17.7%
98.35M▲ 38.5%
100M▲ 1.7%
119.46M▲ 19.5%
143.79M▲ 20.4%
132.79M▲ 0%
Gross Margin %18.94%18.58%20.52%23.11%18.39%20.16%17.42%17.27%19.14%17.13%
Gross Profit Growth %12.59%-80.85%9.84%15.54%-17.72%38.52%1.68%19.46%20.37%-
Operating Expenses282M56M-27.92M25.29M48M75.06M97M76.9M96.28M94.28M
Other Operating Expenses----------
EBITDA179.29M72.79M133.02M74.66M232.17M1.25B1.23B133.5M140.94M121.94M
EBITDA Margin %9.57%19.89%36.54%19.99%60.15%255.26%214.09%19.3%18.76%15.73%
EBITDA Growth %-68.87%-59.4%82.74%-43.87%210.97%436.28%-1.3%-89.14%5.57%-22.67%
Depreciation & Amortization27.29M30.79M30.42M32.09M34.17M57.64M62.88M90.94M93.44M83.44M
D&A / Revenue %1.46%8.41%8.36%8.59%8.85%11.82%10.95%13.15%12.44%10.76%
Operating Income (EBIT)
152M▲ 0%
42M▼ 72.4%
102.61M▲ 144.3%
42.57M▼ 58.5%
198M▲ 365.1%
1.19B▲ 499.7%
1.17B▼ 1.8%
42.56M▼ 96.3%
47.51M▲ 11.6%
38.51M▲ 0%
Operating Margin %8.11%11.48%28.19%11.4%51.3%243.45%203.14%6.15%6.32%4.97%
Operating Income Growth %-66.66%-72.37%144.3%-58.51%365.13%499.72%-1.81%-96.35%11.61%-
Interest Expense47.28M69M30.38M23.22M37.66M136.12M47.54M64.13M92.03M4M
Interest Coverage3.22x0.61x3.38x1.83x5.26x8.72x24.53x0.66x0.52x-
Interest / Revenue %2.52%18.85%8.35%6.22%9.76%27.91%8.28%9.27%12.25%0.52%
Non-Operating Income-1000K-1000K1000K-1000K1000K1000K1000K-1000K1000K2M
Pretax Income
-335M▲ 0%
-136M▲ 59.4%
461.97M▲ 439.7%
-5.54M▼ 101.2%
501M▲ 9149.9%
879.64M▲ 75.6%
388M▼ 55.9%
-185.75M▼ 147.9%
93.32M▲ 150.2%
11.32M▲ 0%
Pretax Margin %-17.88%-37.16%126.91%-1.48%129.79%180.34%67.6%-26.85%12.42%1.46%
Income Tax59M73M11.5M16.68M5M4.33M38M25.2M40.55M42.55M
Effective Tax Rate %-17.61%-53.68%2.49%-301.21%1%0.49%9.79%-13.57%43.45%375.77%
Net Income
-412M▲ 0%
237M▲ 157.5%
434.21M▲ 83.2%
-22.21M▼ 105.1%
507.11M▲ 2383.1%
930.27M▲ 83.4%
312.65M▼ 66.4%
-235.98M▼ 175.5%
597.67M▲ 353.3%
494.67M▲ 0%
Net Margin %-21.99%64.75%119.29%-5.95%131.37%190.72%54.47%-34.11%79.55%63.8%
Net Income Growth %-664.45%157.52%83.21%-105.12%2383.13%83.45%-66.39%-175.48%353.27%734.38%
EPS (Diluted)
-7.67▲ 0%
4.40▲ 157.4%
8.07▲ 83.4%
-0.41▼ 105.1%
9.41▲ 2395.1%
17.27▲ 83.5%
5.80▼ 66.4%
-4.42▼ 176.2%
11.34▲ 356.6%
9.89▲ 0%
EPS Growth %-663.97%157.37%83.41%-105.08%2395.12%83.53%-66.42%-176.21%356.56%774.82%
EPS (Basic)-7.674.408.07-0.419.4117.275.80-4.4211.34-
Diluted Shares Outstanding53.72M53.86M53.83M53.86M53.87M53.88M53.88M53.36M52.71M50M

KEN Balance Sheet

Kenon Holdings Ltd. (KEN) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets5.14B2.53B1.46B1.51B2.48B4.07B3.77B4.11B4.21B4.34B
Asset Growth %14.62%-50.84%-42.39%3.66%64.55%63.93%-7.29%8.92%2.55%19.79%
PP&E (Net)3.5B616M635.09M684.76M905M1.22B1.32B1.89B1.33B1.43B
PP&E / Total Assets %68.06%24.39%43.65%45.4%36.46%30.08%35.05%45.99%31.61%33.03%
Total Current Assets854M1.5B327.71M329.54M920M581.59M1.06B1.1B1.26B1.18B
Cash & Equivalents327M1.42B131.12M147.15M286M474.54M535M696.84M1.02B915M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Inventory92M097.32M0564M1.71M1.93M532K00
Other Current Assets236.33M41.24M131.42M91.05M369.5M4.9M18.92M19.16M1.55M30M
Long-Term Investments208M122M161.19M197.07M604M1.9B1.08B703.16M1.46B5.26B
Goodwill96.09M459K335K131K141K118.76M117.16M192.28M60.58M0
Intangible Assets280.68M1.18M971K1.1M1.31M105.53M103.64M129M11.23M79M
Other Assets177M76.46M329.19M294.25M45M90.37M82M82.76M85.72M73M
Total Liabilities4.24B1.48B739.4M796.59M1.21B1.79B1.48B2.04B1.55B1.74B
Total Debt3.31B1.04B586.47M628.25M937M1.24B1.2B1.59B1.28B1.42B
Net Debt2.99B-380M455.35M481.1M651M769.51M664M894.7M264.29M500M
Long-Term Debt2.83B588.54M563.24M576.65M871.83M1.17B1.12B1.36B1.18B1.3B
Short-Term Borrowings482.81M447.96M23.23M45.6M46.47M38.31M39.26M169.63M84.52M101M
Capital Lease Obligations6.98M006M18M33.94M37M61.51M13.04M97.04M
Total Current Liabilities1.04B806M89.92M105M228M447.29M193M358.8M182.84M273M
Accounts Payable264.72M36.99M25.08M36.01M92.54M136.5M95.04M70.66M58.29M169M
Accrued Expenses67.49M38.22M33.49M14.07M33.27M30.78M31.88M14.57M11.04M11.04M
Deferred Revenue944K298.49M6.94M28.55M7M244.79M0000
Other Current Liabilities181.73M283.15M8.12M8.46M41.57M222.7M9.33M98.97M17.67M0
Deferred Taxes1000K1000K1000K1000K1000K1000K1000K1000K1000K585.71M
Other Liabilities62.68M26.89M27.18M30.23M102.11M154.35M139.2M125.88M31.54M6M
Total Equity
894M▲ 0%
1.05B▲ 17.6%
715.72M▼ 31.9%
711.79M▼ 0.5%
1.28B▲ 79.3%
2.28B▲ 78.7%
2.3B▲ 0.7%
2.07B▼ 9.8%
2.66B▲ 28.5%
2.6B▲ 0%
Equity Growth %-29.25%17.56%-31.9%-0.55%79.27%78.71%0.69%-9.83%28.47%105.76%
Shareholders Equity681M983M649.02M623.35M1.07B1.79B1.6B1.2B1.61B1.39B
Minority Interest213M68M66.69M88.44M209M486.6M698M866.91M1.05B1.21B
Common Stock1.27B1.27B602.45M602.45M602M602.45M50M50.13M50.13M50M
Additional Paid-in Capital0000000000
Retained Earnings-603M-305M28.92M-10.95M460M1.14B1.5B1.09B1.49B1.26B
Accumulated OCI17M21M17.66M31.85M5M51.46M43M66.13M66.57M74M
Return on Assets (ROA)-8.56%6.18%21.81%-1.5%25.42%28.4%7.98%-5.99%14.36%11.41%
Return on Equity (ROE)-38.19%24.37%49.15%-3.11%51.02%52.32%13.66%-10.81%25.27%19.06%
Debt / Equity3.71x0.99x0.82x0.88x0.73x0.55x0.52x0.77x0.48x0.48x
Debt / Assets64.48%41.05%40.3%41.65%37.75%30.58%31.79%38.74%30.38%32.63%
Net Debt / EBITDA16.65x-5.22x3.42x6.44x2.80x0.62x0.54x6.70x1.88x1.88x
Book Value per Share16.6419.5113.313.2223.6942.3242.6138.850.4551.92

KEN Cash Flow Statement

Kenon Holdings Ltd. (KEN) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations162M392M52.38M85.39M92M240.53M771M276.79M265.08M265.08M
Operating CF Growth %-44.17%141.98%-86.64%63.02%7.74%161.44%220.54%-64.1%-4.23%1420.94%
Operating CF / Revenue %8.64%107.1%14.39%22.86%23.83%49.31%134.32%40.01%35.28%34.19%
Net Income-394M269M444.84M2.44M504M875.32M350M-235.98M634.09M494.67M
Depreciation & Amortization172M178M30.42M32.09M34M57.64M63M90.94M93.44M83.44M
Deferred Taxes59M278M16.24M22.02M7M4.33M38M25.2M40.55M42.55M
Other Non-Cash Items452M294M-414.81M28.92M-489M-713.52M340M410.62M-500.42M-420.42M
Working Capital Changes-128M-628M-26.12M-1.63M35M-1.6M-40M-12.45M-12.27M-14.27M
Capital Expenditures-290M585M-113.38M-34.4M-222M-232.69M-270M-332.12M-340.67M-37.15M
CapEx / Revenue %15.47%159.84%31.15%9.21%57.51%47.7%47.04%48.01%45.34%4.79%
CapEx / D&A1.69x3.29x3.73x1.07x6.53x4.04x4.29x3.65x3.65x0.45x
CapEx Coverage (OCF/CapEx)0.56x0.67x0.46x2.48x0.41x1.03x2.86x0.83x0.78x7.14x
Cash from Investing-400M585M-113.38M-4.98M-222M-205.45M-203M-432.24M135.85M7.85M
Acquisitions-317M803M120.84M880K206M-553.92M461M-327.11M338.16M-1000K
Purchase of Investments-4M2M-13.56M-4.07M-4M-5.63M-670M-50M-2.21M-1.21M
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K4M
Other Investing194M13M-169.72M30.39M-351M519.7M-47M51.23M56.67M45.4M
Cash from Financing174.56M97.12M-1.22B-73.65M256M146.58M-494M324.58M-84.08M50.91M
Dividends Paid-743K-382K-764.78M-65.17M-120.11M-100.21M-740.92M-150.36M-200.55M-252.55M
Dividend Payout Ratio %--176.13%-23.69%10.77%236.98%-33.56%-
Debt Issuance (Net)1000K1000K-1000K-1000K1000K1000K1000K1000K-1000K0
Stock Issued9.47M100.48M076.4M217M142.33M193.15M000
Share Repurchases00-664.7M0329M0-193.15M-28.13M-10.71M-18.71M
Other Financing-183.94M-309.39M-33.75M-56.78M163.55M202.93M200.68M236.71M129.14M97.14M
Net Change in Cash
-57M▲ 0%
1.09B▲ 2012.3%
-1.29B▼ 218.0%
16.03M▲ 101.2%
139M▲ 767.1%
188.36M▲ 35.5%
60M▼ 68.1%
161.67M▲ 169.4%
319.01M▲ 97.3%
328.85M▲ 0%
Exchange Rate Effect1000K1000K-1000K1000K1000K1000K-1000K-1000K1000K2M
Cash at Beginning384M327M1.42B131.12M147M286.18M475M535.17M696.84M987M
Cash at End327M1.42B131.12M147.15M286M474.54M535M696.84M1.02B915M
Free Cash Flow
-128M▲ 0%
977M▲ 863.3%
-61M▼ 106.2%
50.99M▲ 183.6%
-130M▼ 355.0%
7.84M▲ 106.0%
501M▲ 6288.7%
-55.33M▼ 111.0%
-75.59M▼ 36.6%
221.93M▲ 0%
FCF Growth %47.22%863.28%-106.24%183.58%-354.95%106.03%6288.68%-111.04%-36.61%230.94%
FCF Margin %-6.83%266.94%-16.76%13.65%-33.68%1.61%87.28%-8%-10.06%28.63%
FCF / Net Income %31.07%412.24%-14.05%-229.57%-25.64%0.84%160.24%23.45%-12.65%44.86%

KEN Key Ratios

Kenon Holdings Ltd. (KEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)-38.19%24.37%49.15%-3.11%51.02%52.32%13.66%-10.81%25.27%19.06%
EBITDA Margin9.57%19.89%36.54%19.99%60.15%255.26%214.09%19.3%18.76%15.73%
Net Debt / EBITDA16.65x-5.22x3.42x6.44x2.80x0.62x0.54x6.70x1.88x1.88x
Interest Coverage3.22x0.61x3.38x1.83x5.26x8.72x24.53x0.66x0.52x-
CapEx / Revenue15.47%159.84%31.15%9.21%57.51%47.7%47.04%48.01%45.34%4.79%
Dividend Payout Ratio--176.13%-23.69%10.77%236.98%-33.56%51.05%
Debt / Equity3.71x0.99x0.82x0.88x0.73x0.55x0.52x0.77x0.48x0.48x
EPS Growth-663.97%157.37%83.41%-105.08%2395.12%83.53%-66.42%-176.21%356.56%774.82%

KEN Frequently Asked Questions

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

Growth & Financials

Kenon Holdings Ltd. (KEN) reported $775.3M in revenue for fiscal year 2024. This represents a 34% increase from $577.3M in 2012.

Kenon Holdings Ltd. (KEN) grew revenue by 8.6% over the past year. This is steady growth.

Yes, Kenon Holdings Ltd. (KEN) is profitable, generating $494.7M in net income for fiscal year 2024 (79.6% net margin).

Dividend & Returns

Yes, Kenon Holdings Ltd. (KEN) pays a dividend with a yield of 4.14%. This makes it attractive for income-focused investors.

Kenon Holdings Ltd. (KEN) has a return on equity (ROE) of 25.3%. This is excellent, indicating efficient use of shareholder capital.

Kenon Holdings Ltd. (KEN) generated $221.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Kenon Holdings Ltd. (KEN) has a dividend payout ratio of 34%. This suggests the dividend is well-covered and sustainable.

Explore More KEN

Kenon Holdings Ltd. (KEN) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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