View Future GrowthKenon Holdings 過去の業績過去 基準チェック /16Kenon Holdingsの収益は年間平均-26%の割合で減少していますが、 Renewable Energy業界の収益は年間 増加しています。収益は年間15.2% 14.8%割合で 増加しています。 Kenon Holdingsの自己資本利益率は4.7%であり、純利益率は8%です。主要情報-26.03%収益成長率-25.63%EPS成長率Renewable Energy 業界の成長36.01%収益成長率14.84%株主資本利益率4.69%ネット・マージン7.98%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Jun 02First quarter 2026 earnings released: EPS: US$0.49 (vs US$0.22 in 1Q 2025)First quarter 2026 results: EPS: US$0.49 (up from US$0.22 in 1Q 2025). Revenue: US$317.0m (up 73% from 1Q 2025). Net income: US$26.0m (up 117% from 1Q 2025). Profit margin: 8.2% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue.Reported Earnings • Mar 31Full year 2025 earnings released: EPS: US$1.27 (vs US$11.34 in FY 2024)Full year 2025 results: EPS: US$1.27 (down from US$11.34 in FY 2024). Revenue: US$872.0m (up 16% from FY 2024). Net income: US$66.0m (down 89% from FY 2024). Profit margin: 7.6% (down from 80% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • Dec 07Third quarter 2025 earnings released: EPS: US$0.45 (vs US$0.81 in 3Q 2024)Third quarter 2025 results: EPS: US$0.45 (down from US$0.81 in 3Q 2024). Revenue: US$265.0m (up 12% from 3Q 2024). Net income: US$25.0m (down 42% from 3Q 2024). Profit margin: 9.4% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses.Reported Earnings • May 29First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.15 in 1Q 2024)First quarter 2025 results: EPS: US$0.22 (up from US$0.15 in 1Q 2024). Revenue: US$183.0m (up 5.2% from 1Q 2024). Net income: US$12.0m (up 50% from 1Q 2024). Profit margin: 6.6% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 04Full year 2024 earnings released: EPS: US$11.34 (vs US$4.42 loss in FY 2023)Full year 2024 results: EPS: US$11.34 (up from US$4.42 loss in FY 2023). Revenue: US$751.3m (up 8.6% from FY 2023). Net income: US$597.7m (up US$833.7m from FY 2023). Profit margin: 80% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 01Full year 2022 earnings releasedFull year 2022 results: Revenue: US$574.0m (up 18% from FY 2021). Net income: US$312.7m (down 66% from FY 2021). Profit margin: 55% (down from 191% in FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesNew Risk • Jun 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 303% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin).Valuation Update With 7 Day Price Move • Jun 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €65.00, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 105% over the past year.Reported Earnings • Jun 02First quarter 2026 earnings released: EPS: US$0.49 (vs US$0.22 in 1Q 2025)First quarter 2026 results: EPS: US$0.49 (up from US$0.22 in 1Q 2025). Revenue: US$317.0m (up 73% from 1Q 2025). Net income: US$26.0m (up 117% from 1Q 2025). Profit margin: 8.2% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • May 28Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €80.00. The fair value is estimated to be €66.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 77%.Buy Or Sell Opportunity • Apr 30Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to €78.50. The fair value is estimated to be €64.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 77%.お知らせ • Apr 24Kenon Holdings Ltd., Annual General Meeting, May 14, 2026Kenon Holdings Ltd., Annual General Meeting, May 14, 2026, at 11:00 Singapore Standard Time. Location: co. offices singapore, SingaporeDeclared Dividend • Apr 06Dividend of US$3.85 announcedShareholders will receive a dividend of US$3.85. Ex-date: 13th April 2026 Payment date: 20th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (303% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 11% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 237% to bring the payout ratio under control. However, EPS has declined by 33% over the last 5 years so the company would need to reverse this trend.New Risk • Apr 02New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 303% Cash payout ratio: 120% Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 303% Cash payout ratio: 120% Earnings have declined by 24% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.6% net profit margin).New Risk • Mar 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.6% Last year net profit margin: 80% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (150% cash payout ratio). Profit margins are more than 30% lower than last year (7.6% net profit margin).Reported Earnings • Mar 31Full year 2025 earnings released: EPS: US$1.27 (vs US$11.34 in FY 2024)Full year 2025 results: EPS: US$1.27 (down from US$11.34 in FY 2024). Revenue: US$872.0m (up 16% from FY 2024). Net income: US$66.0m (down 89% from FY 2024). Profit margin: 7.6% (down from 80% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 30Kenon Holdings Ltd. Approves Interim Cash Dividend for the Year Ending December 31, 2026, Payable on or About April 20, 2026Kenon Holdings Ltd. approved an interim cash dividend of approximately $200 million ($3.85 per share) relating to the year ending December 31, 2026, payable to Kenon's shareholders of record as of the close of trading on April 13, 2026, to be paid on or about April 20, 2026 . The New York Stock Exchange's ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is April 13, 2026. The TASE ex-dividend date, which is the date on which Kenon's shares will begin trading on the TASE without the entitlement to the Dividend, is April 13, 2026.お知らせ • Mar 14Kenon Holdings Ltd. has filed a Follow-on Equity Offering in the amount of ILS 800 million.Kenon Holdings Ltd. has filed a Follow-on Equity Offering in the amount of ILS 800 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,000,000 Price\Range: ILS 100Reported Earnings • Dec 07Third quarter 2025 earnings released: EPS: US$0.45 (vs US$0.81 in 3Q 2024)Third quarter 2025 results: EPS: US$0.45 (down from US$0.81 in 3Q 2024). Revenue: US$265.0m (up 12% from 3Q 2024). Net income: US$25.0m (down 42% from 3Q 2024). Profit margin: 9.4% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses.お知らせ • Dec 03Kenon Holdings Ltd. Appoints Audrey Low as Non-Executive Director, Effective January 1, 2026Kenon Holdings Ltd. announces that Ms. Audrey Low has been appointed to its Board of Directors as a non-executive Director, effective January 1, 2026. Ms. Low brings with her over 20 years of experience as an investment and financial professional in global capital markets, private and public credit, distressed investing and macroeconomic policy.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €47.60, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 20x in the Renewable Energy industry in Europe. Total returns to shareholders of 95% over the past three years.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €44.40, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 15x in the Renewable Energy industry in Europe. Total returns to shareholders of 82% over the past three years.Board Change • Sep 29Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €39.60, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 17x in the Renewable Energy industry in Europe. Total returns to shareholders of 40% over the past three years.お知らせ • Jun 23Kenon Holdings Ltd., Annual General Meeting, Jul 11, 2025Kenon Holdings Ltd., Annual General Meeting, Jul 11, 2025, at 16:00 Singapore Standard Time. Location: 1 temasek avenue 37-02b, millenia tower, singapore 039192, SingaporeReported Earnings • May 29First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.15 in 1Q 2024)First quarter 2025 results: EPS: US$0.22 (up from US$0.15 in 1Q 2024). Revenue: US$183.0m (up 5.2% from 1Q 2024). Net income: US$12.0m (up 50% from 1Q 2024). Profit margin: 6.6% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Board Change • May 22Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Declared Dividend • Apr 07Dividend of US$4.80 announcedShareholders will receive a dividend of US$4.80. Ex-date: 14th April 2025 Payment date: 21st April 2025 Dividend yield will be 16%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 6 years. However, payments have been volatile during that time.New Risk • Apr 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio).Reported Earnings • Apr 04Full year 2024 earnings released: EPS: US$11.34 (vs US$4.42 loss in FY 2023)Full year 2024 results: EPS: US$11.34 (up from US$4.42 loss in FY 2023). Revenue: US$751.3m (up 8.6% from FY 2023). Net income: US$597.7m (up US$833.7m from FY 2023). Profit margin: 80% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.お知らせ • Apr 03Kenon Approves Interim Cash Dividend for the Year Ending December 31, 2025, Payable on or About April 21, 2025Kenon's board of directors approved an interim cash dividend of approximately $250 million ($4.80 per share) relating to the year ending December 31, 2025, payable to Kenon's shareholders of record as of the close of trading on April 14, 2025, to be paid on or about April 21, 2025. The New York Stock Exchange's ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is April 14, 2025.Board Change • Apr 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Mar 07Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 31Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 06Kenon Holdings Ltd. Announces Resignation of Tan Beng Tee as DirectorKenon Holdings Ltd. announced that Ms. Tan Beng Tee has notified the board of directors of Kenon of her resignation as a director of Kenon.お知らせ • Jun 08An unknown buyer acquire a 4.2% stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from Kenon Holdings Ltd. (TASE:KEN) for approximately $110 million.An unknown buyer acquire a 4.2% stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from Kenon Holdings Ltd. (TASE:KEN) for approximately $110 million on June 6, 2024. In related transaction, Kenon Holdings has entered into a collar transaction with an investment bank relating to an additional 5,000,000 ZIM ordinary shares. Prior to these transactions, Kenon held 24,843,478 shares in ZIM, representing 20.7% of ZIM’s outstanding shares. The collar transaction involves the purchase of a put option from the Collar Counterparty at an exercise price representing a discount to yesterday’s closing price and the grant of a call option to the Collar Counterparty at an exercise price representing a premium to yesterday’s closing price. The collar transaction has a two year term with settlement either in cash or in the ZIM shares. The collar transaction enables Kenon to retain exposure to potential upside in ZIM’s shares up to the call price, while limiting the impact of potential decline in the share price. The collar arrangement will provide for cash proceeds of approximately $155 million in the event the call option is exercised and cash proceeds of approximately $100 million to Kenon in the event the put option is exercised, in each case assuming share settlement. An unknown buyer completed the acquisition of a 4.2% stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from Kenon Holdings Ltd. (TASE:KEN) on June 6, 2024.お知らせ • Apr 19Kenon Holdings Ltd., Annual General Meeting, May 09, 2024Kenon Holdings Ltd., Annual General Meeting, May 09, 2024, at 16:00 Singapore Standard Time. Location: emeeting@hk.tricorglobal.com Millenia Tower Singapore Singapore Agenda: To consider re-election of Directors; to authorize the ordinary share issuances; to extend the duration of the Kenon Holdings Ltd. Share Incentive Plan 2014 (“SIP 2014”) for a further period of ten years and to authorize the grant of awards under the SIP 2014 and/or Options Under the Kenon Holdings Ltd. Share Option Plan 2014 (“SOP 2014”) and the allotment and issuance of ordinary shares pursuant to the awards and/or options granted under the SIP 2014 and SOP 2014; and to approve the renewal of the share purchase authorization; and to consider other matters.Declared Dividend • Apr 04Dividend of US$3.80 announcedShareholders will receive a dividend of US$3.80. Ex-date: 5th April 2024 Payment date: 15th April 2024 Dividend yield will be 15%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time.お知らせ • Mar 27Kenon Holdings Ltd. Approves Interim Cash Dividend for the Year Ending December 31, 2024, Payable on or About April 15, 2024In March 2024, the board of directors of Kenon Holdings Ltd. approved an interim cash dividend of approximately $200 million ($3.80 per share) relating to the year ending December 31, 2024, payable to Kenon's shareholders of record as of the close of trading on April 8, 2024 (Record Date), to be paid on or about April 15, 2024 (Payment Date). The New York Stock Exchange's (the "NYSE") ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is April 5, 2024. The TASE ex-dividend date, which is the date on which Kenon's shares will begin trading on the TASE without the entitlement to the Dividend, is April 8, 2024.お知らせ • Sep 18Kenon Holdings Ltd.(TASE:KEN) dropped from FTSE All-World Index (USD)Kenon Holdings Ltd.(TASE:KEN) dropped from FTSE All-World Index (USD)お知らせ • Jul 22Kenon Holdings Ltd. Announces Board AppointmentsKenon Holdings Ltd. announced that it has appointed Ms. Tan Beng Tee to its board of directors (board) as a non-executive director. Ms. Tan brings with her decades of experience in the shipping industry from her former role as Assistant Chief Executive of the Maritime and Port Authority of Singapore and her current position as Executive Director of the Singapore Maritime Foundation. The company also announced that its CEO Mr. Robert Rosen will join the board as an executive Director while continuing to serve as CEO. Ms. Tan will join the board on August 30, 2023, while Mr. Rosen’s appointment to the Board will be immediate.お知らせ • Jun 07Kenon Holdings Ltd. Announces Chief Financial Officer ChangesKenon Holdings Ltd. announced that Mr. Mark Hasson, Chief Financial Officer, has notified Kenon of his resignation as CFO for personal reasons, effective as of September 1, 2023. Kenon's Board of Directors has appointed Ms. Deepa Joseph to serve as interim CFO of Kenon effective from September 1, 2023. Ms. Joseph currently serves as CFO of Ansonia Holdings Singapore B.V. Ms. Joseph is expected to remain in her role at Ansonia while acting as interim CFO of Kenon, but is expected to step down from her role at Ansonia at such time as she becomes the permanent CFO of Kenon. Mr. Hasson will work with Ms. Joseph through a transition period to ensure a smooth transition when the management change becomes effective.お知らせ • Jun 02Kenon Holdings Ltd. Approves Alteration of the ConstitutionKenon Holdings Ltd. approves alteration of the constitution at its Annual General Meeting held on June 1, 2023.Reported Earnings • Apr 01Full year 2022 earnings releasedFull year 2022 results: Revenue: US$574.0m (up 18% from FY 2021). Net income: US$312.7m (down 66% from FY 2021). Profit margin: 55% (down from 191% in FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Board Change • Mar 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Director Barak Cohen was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Director Barak Cohen was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €40.00, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 27x in the Renewable Energy industry in Europe. Total returns to shareholders of 190% over the past three years.お知らせ • Jun 17Kenon Holdings Ltd. Approves a Capital Reduction Distribution, Payable on July 5, 2022Kenon Holdings Ltd. announced that its Board of Directors has approved a capital reduction distribution in an aggregate amount of approximately $552 million, or $10.25 per share (the Distribution"), and Kenon's shareholders approved the Distribution at Kenon's 2022 Annual General Meeting, contingent upon the approval of the High Court of the Republic of Singapore. Kenon is announcing today that the Distribution was approved by the High Court of the Republic of Singapore on June 14, 2022 and will be paid on July 5, 2022 (the Payment Date") to Kenon's shareholders of record as of the close of trading on June 27, 2022 (the Record Date").Reported Earnings • Jun 02First quarter 2022 earnings released: EPS: US$11.86 (vs US$3.34 in 1Q 2021)First quarter 2022 results: EPS: US$11.86 (up from US$3.34 in 1Q 2021). Revenue: US$146.0m (up 27% from 1Q 2021). Net income: US$639.0m (up 255% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Director Barak Cohen was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €53.00, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 32x in the Renewable Energy industry in Europe. Total returns to shareholders of 303% over the past three years.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: US$17.27 (vs US$9.26 in FY 2020)Full year 2021 results: EPS: US$17.27 (up from US$9.26 in FY 2020). Revenue: US$488.0m (up 26% from FY 2020). Net income: US$930.0m (up 87% from FY 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to €59.50, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total returns to shareholders of 350% over the past three years.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €41.80, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total returns to shareholders of 239% over the past three years.Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €41.80, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total returns to shareholders of 239% over the past three years.Upcoming Dividend • Jan 11Upcoming dividend of US$3.50 per shareEligible shareholders must have bought the stock before 18 January 2022. Payment date: 27 January 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.3%).Reported Earnings • Dec 03Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: EPS: US$3.45 (up from US$1.10 in 3Q 2020). Revenue: US$133.0m (up 14% from 3Q 2020). Net income: US$186.0m (up 215% from 3Q 2020). Revenue missed analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS US$3.20 (vs US$5.19 in 2Q 2020)Second quarter 2021 results: Revenue: US$105.0m (up 38% from 2Q 2020). Net income: US$172.0m (down 38% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 36% per year.お知らせ • Jun 08Kenon Holdings Ltd. Approves Special Dividend, Payable on September 15, 2021Kenon Holdings Ltd. approved a special cash dividend of approximately $2.00 per share (an aggregate amount of approximately $238 million), payable to the company's shareholders of record as of the close of trading on August 25, 2021, for payment on September 15, 2021. Of this dividend, approximately $64 million is payable to the company.Reported Earnings • Jun 08First quarter 2021 earnings released: EPS US$3.34 (vs US$0.28 in 1Q 2020)First quarter 2021 results: Revenue: US$115.0m (up 29% from 1Q 2020). Net income: US$180.0m (up US$165.0m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 23Full year 2020 earnings released: EPS US$9.26 (vs US$0.71 loss in FY 2019)Full year 2020 results: Revenue: US$386.5m (up 3.5% from FY 2019). Net income: US$498.6m (up US$536.6m from FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Dec 30New 90-day high: €23.80The company is up 23% from its price of €19.30 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 10.0% over the same period.Reported Earnings • Nov 27Third quarter 2020 earnings released: EPS US$1.10The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$117.0m (up 15% from 3Q 2019). Net income: US$59.0m (up US$57.0m from 3Q 2019). Profit margin: 50% (up from 2.0% in 3Q 2019). The increase in margin was primarily driven by lower expenses.Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 19% share price gain to US$21.60, the stock is trading at a trailing P/E ratio of 5.2x, up from the previous P/E ratio of 4.4x. This compares to an average P/E of 28x in the Renewable Energy industry in Germany. Total returns to shareholders over the past year are 26%.Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 16% share price gain to US$20.60, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 27x in the Renewable Energy industry in Germany. Total returns to shareholders over the past year are 15%.Valuation Update With 7 Day Price Move • Nov 06Market pulls back on stock over the past weekAfter last week's 17% share price decline to US$19.20, the stock is trading at a trailing P/E ratio of 4.6x, down from the previous P/E ratio of 5.5x. This compares to an average P/E of 26x in the Renewable Energy industry in Germany. Total returns to shareholders over the past year are 17%.Is New 90 Day High Low • Oct 31New 90-day high: €23.00The company is up 40% from its price of €16.40 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 6.0% over the same period.Is New 90 Day High Low • Oct 06New 90-day high: €20.00The company is up 29% from its price of €15.50 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 2.0% over the same period.お知らせ • Jul 31Shenzhen BAONENG Investment Group Ltd completed the acquisition of an additional 12% stake in Qoros Automotive Co. Ltd from Kenon Holdings Ltd. (TASE:KEN).Shenzhen BAONENG Investment Group Ltd entered into an agreement to acquire an additional 12% stake in Qoros Automotive Co. Ltd from Kenon Holdings Ltd. (TASE:KEN) for CNY 1.6 billion on January 6, 2019. Following completion, Shenzhen BAONENG Investment Group will hold 63% interest in Qoros. As of December 17, 2019, parties in the transaction have entered into an agreement to complete the payment by the end of first quarter, 2020 and if the purchase price is not paid by the end of first quarter then parties will have no obligation to discuss an extension. The transaction is subject to obtaining relevant third party consents and other closing conditions, including approvals by relevant government authorities. The transaction is approved by the government and third party consent. Shenzhen BAONENG Investment Group Ltd completed the acquisition of an additional 12% stake in Qoros Automotive Co. Ltd from Kenon Holdings Ltd. (TASE:KEN) in April 2020. Kenon Holdings has received the full payment of CNY 15.6 billion. Kenon now holds a 12% interest, Shenzhen BAONENG holds 63% stake and Chery owns 25% stake in Qoros Automotive.収支内訳Kenon Holdings の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史BST:76N 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 261,00680128031 Dec 2587266120030 Sep 25803476122030 Jun 25774494101031 Mar 2576060291031 Dec 2475159896030 Sep 2474317077030 Jun 24735-7881031 Mar 24719-22081031 Dec 23692-23685030 Sep 23686-1,085101030 Jun 23619-628100031 Mar 23575-33498031 Dec 22574313100030 Sep 225641,54791030 Jun 225351,48283031 Mar 225191,38988031 Dec 2148893072030 Sep 2145768361030 Jun 2144155656031 Mar 2141266452031 Dec 2038649937030 Sep 2037133238030 Jun 2035627635031 Mar 20365-1233031 Dec 19373-3836030 Sep 19369-7640030 Jun 19361-9640031 Mar 19360-11636031 Dec 1836444034030 Sep 1837136041030 Jun 1837435745031 Mar 1837434756031 Dec 17366-24056030 Sep 17-745-184-21030 Jun 17-352-2126031 Mar 174-45425031 Dec 16324-44746030 Sep 161,640-469132030 Jun 161,487-256119031 Mar 161,38035107031 Dec 15326050030 Sep 151,330108121030 Jun 151,366-41270質の高い収益: 76Nは 高品質の収益 を持っています。利益率の向上: 76Nの現在の純利益率 (8%)は、昨年(79.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 76Nの収益は過去 5 年間で年間26%減少しました。成長の加速: 76Nは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 76Nは過去 1 年間で収益成長率がマイナス ( -86.7% ) となったため、 Renewable Energy業界平均 ( -3% ) と比較することが困難です。株主資本利益率高いROE: 76Nの 自己資本利益率 ( 4.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/25 00:52終値2026/06/25 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kenon Holdings Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Jonathan ArnoldDeutsche Bank
Reported Earnings • Jun 02First quarter 2026 earnings released: EPS: US$0.49 (vs US$0.22 in 1Q 2025)First quarter 2026 results: EPS: US$0.49 (up from US$0.22 in 1Q 2025). Revenue: US$317.0m (up 73% from 1Q 2025). Net income: US$26.0m (up 117% from 1Q 2025). Profit margin: 8.2% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: US$1.27 (vs US$11.34 in FY 2024)Full year 2025 results: EPS: US$1.27 (down from US$11.34 in FY 2024). Revenue: US$872.0m (up 16% from FY 2024). Net income: US$66.0m (down 89% from FY 2024). Profit margin: 7.6% (down from 80% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Dec 07Third quarter 2025 earnings released: EPS: US$0.45 (vs US$0.81 in 3Q 2024)Third quarter 2025 results: EPS: US$0.45 (down from US$0.81 in 3Q 2024). Revenue: US$265.0m (up 12% from 3Q 2024). Net income: US$25.0m (down 42% from 3Q 2024). Profit margin: 9.4% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses.
Reported Earnings • May 29First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.15 in 1Q 2024)First quarter 2025 results: EPS: US$0.22 (up from US$0.15 in 1Q 2024). Revenue: US$183.0m (up 5.2% from 1Q 2024). Net income: US$12.0m (up 50% from 1Q 2024). Profit margin: 6.6% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 04Full year 2024 earnings released: EPS: US$11.34 (vs US$4.42 loss in FY 2023)Full year 2024 results: EPS: US$11.34 (up from US$4.42 loss in FY 2023). Revenue: US$751.3m (up 8.6% from FY 2023). Net income: US$597.7m (up US$833.7m from FY 2023). Profit margin: 80% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 01Full year 2022 earnings releasedFull year 2022 results: Revenue: US$574.0m (up 18% from FY 2021). Net income: US$312.7m (down 66% from FY 2021). Profit margin: 55% (down from 191% in FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
New Risk • Jun 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 303% Paying a dividend despite having no free cash flows. Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin).
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €65.00, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 105% over the past year.
Reported Earnings • Jun 02First quarter 2026 earnings released: EPS: US$0.49 (vs US$0.22 in 1Q 2025)First quarter 2026 results: EPS: US$0.49 (up from US$0.22 in 1Q 2025). Revenue: US$317.0m (up 73% from 1Q 2025). Net income: US$26.0m (up 117% from 1Q 2025). Profit margin: 8.2% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • May 28Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to €80.00. The fair value is estimated to be €66.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 77%.
Buy Or Sell Opportunity • Apr 30Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to €78.50. The fair value is estimated to be €64.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 77%.
お知らせ • Apr 24Kenon Holdings Ltd., Annual General Meeting, May 14, 2026Kenon Holdings Ltd., Annual General Meeting, May 14, 2026, at 11:00 Singapore Standard Time. Location: co. offices singapore, Singapore
Declared Dividend • Apr 06Dividend of US$3.85 announcedShareholders will receive a dividend of US$3.85. Ex-date: 13th April 2026 Payment date: 20th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (303% earnings payout ratio) nor is it covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 11% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 237% to bring the payout ratio under control. However, EPS has declined by 33% over the last 5 years so the company would need to reverse this trend.
New Risk • Apr 02New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 303% Cash payout ratio: 120% Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 303% Cash payout ratio: 120% Earnings have declined by 24% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.6% net profit margin).
New Risk • Mar 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.6% Last year net profit margin: 80% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (150% cash payout ratio). Profit margins are more than 30% lower than last year (7.6% net profit margin).
Reported Earnings • Mar 31Full year 2025 earnings released: EPS: US$1.27 (vs US$11.34 in FY 2024)Full year 2025 results: EPS: US$1.27 (down from US$11.34 in FY 2024). Revenue: US$872.0m (up 16% from FY 2024). Net income: US$66.0m (down 89% from FY 2024). Profit margin: 7.6% (down from 80% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 30Kenon Holdings Ltd. Approves Interim Cash Dividend for the Year Ending December 31, 2026, Payable on or About April 20, 2026Kenon Holdings Ltd. approved an interim cash dividend of approximately $200 million ($3.85 per share) relating to the year ending December 31, 2026, payable to Kenon's shareholders of record as of the close of trading on April 13, 2026, to be paid on or about April 20, 2026 . The New York Stock Exchange's ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is April 13, 2026. The TASE ex-dividend date, which is the date on which Kenon's shares will begin trading on the TASE without the entitlement to the Dividend, is April 13, 2026.
お知らせ • Mar 14Kenon Holdings Ltd. has filed a Follow-on Equity Offering in the amount of ILS 800 million.Kenon Holdings Ltd. has filed a Follow-on Equity Offering in the amount of ILS 800 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,000,000 Price\Range: ILS 100
Reported Earnings • Dec 07Third quarter 2025 earnings released: EPS: US$0.45 (vs US$0.81 in 3Q 2024)Third quarter 2025 results: EPS: US$0.45 (down from US$0.81 in 3Q 2024). Revenue: US$265.0m (up 12% from 3Q 2024). Net income: US$25.0m (down 42% from 3Q 2024). Profit margin: 9.4% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses.
お知らせ • Dec 03Kenon Holdings Ltd. Appoints Audrey Low as Non-Executive Director, Effective January 1, 2026Kenon Holdings Ltd. announces that Ms. Audrey Low has been appointed to its Board of Directors as a non-executive Director, effective January 1, 2026. Ms. Low brings with her over 20 years of experience as an investment and financial professional in global capital markets, private and public credit, distressed investing and macroeconomic policy.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €47.60, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 20x in the Renewable Energy industry in Europe. Total returns to shareholders of 95% over the past three years.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €44.40, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 15x in the Renewable Energy industry in Europe. Total returns to shareholders of 82% over the past three years.
Board Change • Sep 29Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €39.60, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 17x in the Renewable Energy industry in Europe. Total returns to shareholders of 40% over the past three years.
お知らせ • Jun 23Kenon Holdings Ltd., Annual General Meeting, Jul 11, 2025Kenon Holdings Ltd., Annual General Meeting, Jul 11, 2025, at 16:00 Singapore Standard Time. Location: 1 temasek avenue 37-02b, millenia tower, singapore 039192, Singapore
Reported Earnings • May 29First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.15 in 1Q 2024)First quarter 2025 results: EPS: US$0.22 (up from US$0.15 in 1Q 2024). Revenue: US$183.0m (up 5.2% from 1Q 2024). Net income: US$12.0m (up 50% from 1Q 2024). Profit margin: 6.6% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Board Change • May 22Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Declared Dividend • Apr 07Dividend of US$4.80 announcedShareholders will receive a dividend of US$4.80. Ex-date: 14th April 2025 Payment date: 21st April 2025 Dividend yield will be 16%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 6 years. However, payments have been volatile during that time.
New Risk • Apr 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (25% accrual ratio).
Reported Earnings • Apr 04Full year 2024 earnings released: EPS: US$11.34 (vs US$4.42 loss in FY 2023)Full year 2024 results: EPS: US$11.34 (up from US$4.42 loss in FY 2023). Revenue: US$751.3m (up 8.6% from FY 2023). Net income: US$597.7m (up US$833.7m from FY 2023). Profit margin: 80% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 03Kenon Approves Interim Cash Dividend for the Year Ending December 31, 2025, Payable on or About April 21, 2025Kenon's board of directors approved an interim cash dividend of approximately $250 million ($4.80 per share) relating to the year ending December 31, 2025, payable to Kenon's shareholders of record as of the close of trading on April 14, 2025, to be paid on or about April 21, 2025. The New York Stock Exchange's ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is April 14, 2025.
Board Change • Apr 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Mar 07Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 31Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Robert Rosen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 06Kenon Holdings Ltd. Announces Resignation of Tan Beng Tee as DirectorKenon Holdings Ltd. announced that Ms. Tan Beng Tee has notified the board of directors of Kenon of her resignation as a director of Kenon.
お知らせ • Jun 08An unknown buyer acquire a 4.2% stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from Kenon Holdings Ltd. (TASE:KEN) for approximately $110 million.An unknown buyer acquire a 4.2% stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from Kenon Holdings Ltd. (TASE:KEN) for approximately $110 million on June 6, 2024. In related transaction, Kenon Holdings has entered into a collar transaction with an investment bank relating to an additional 5,000,000 ZIM ordinary shares. Prior to these transactions, Kenon held 24,843,478 shares in ZIM, representing 20.7% of ZIM’s outstanding shares. The collar transaction involves the purchase of a put option from the Collar Counterparty at an exercise price representing a discount to yesterday’s closing price and the grant of a call option to the Collar Counterparty at an exercise price representing a premium to yesterday’s closing price. The collar transaction has a two year term with settlement either in cash or in the ZIM shares. The collar transaction enables Kenon to retain exposure to potential upside in ZIM’s shares up to the call price, while limiting the impact of potential decline in the share price. The collar arrangement will provide for cash proceeds of approximately $155 million in the event the call option is exercised and cash proceeds of approximately $100 million to Kenon in the event the put option is exercised, in each case assuming share settlement. An unknown buyer completed the acquisition of a 4.2% stake in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from Kenon Holdings Ltd. (TASE:KEN) on June 6, 2024.
お知らせ • Apr 19Kenon Holdings Ltd., Annual General Meeting, May 09, 2024Kenon Holdings Ltd., Annual General Meeting, May 09, 2024, at 16:00 Singapore Standard Time. Location: emeeting@hk.tricorglobal.com Millenia Tower Singapore Singapore Agenda: To consider re-election of Directors; to authorize the ordinary share issuances; to extend the duration of the Kenon Holdings Ltd. Share Incentive Plan 2014 (“SIP 2014”) for a further period of ten years and to authorize the grant of awards under the SIP 2014 and/or Options Under the Kenon Holdings Ltd. Share Option Plan 2014 (“SOP 2014”) and the allotment and issuance of ordinary shares pursuant to the awards and/or options granted under the SIP 2014 and SOP 2014; and to approve the renewal of the share purchase authorization; and to consider other matters.
Declared Dividend • Apr 04Dividend of US$3.80 announcedShareholders will receive a dividend of US$3.80. Ex-date: 5th April 2024 Payment date: 15th April 2024 Dividend yield will be 15%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time.
お知らせ • Mar 27Kenon Holdings Ltd. Approves Interim Cash Dividend for the Year Ending December 31, 2024, Payable on or About April 15, 2024In March 2024, the board of directors of Kenon Holdings Ltd. approved an interim cash dividend of approximately $200 million ($3.80 per share) relating to the year ending December 31, 2024, payable to Kenon's shareholders of record as of the close of trading on April 8, 2024 (Record Date), to be paid on or about April 15, 2024 (Payment Date). The New York Stock Exchange's (the "NYSE") ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is April 5, 2024. The TASE ex-dividend date, which is the date on which Kenon's shares will begin trading on the TASE without the entitlement to the Dividend, is April 8, 2024.
お知らせ • Sep 18Kenon Holdings Ltd.(TASE:KEN) dropped from FTSE All-World Index (USD)Kenon Holdings Ltd.(TASE:KEN) dropped from FTSE All-World Index (USD)
お知らせ • Jul 22Kenon Holdings Ltd. Announces Board AppointmentsKenon Holdings Ltd. announced that it has appointed Ms. Tan Beng Tee to its board of directors (board) as a non-executive director. Ms. Tan brings with her decades of experience in the shipping industry from her former role as Assistant Chief Executive of the Maritime and Port Authority of Singapore and her current position as Executive Director of the Singapore Maritime Foundation. The company also announced that its CEO Mr. Robert Rosen will join the board as an executive Director while continuing to serve as CEO. Ms. Tan will join the board on August 30, 2023, while Mr. Rosen’s appointment to the Board will be immediate.
お知らせ • Jun 07Kenon Holdings Ltd. Announces Chief Financial Officer ChangesKenon Holdings Ltd. announced that Mr. Mark Hasson, Chief Financial Officer, has notified Kenon of his resignation as CFO for personal reasons, effective as of September 1, 2023. Kenon's Board of Directors has appointed Ms. Deepa Joseph to serve as interim CFO of Kenon effective from September 1, 2023. Ms. Joseph currently serves as CFO of Ansonia Holdings Singapore B.V. Ms. Joseph is expected to remain in her role at Ansonia while acting as interim CFO of Kenon, but is expected to step down from her role at Ansonia at such time as she becomes the permanent CFO of Kenon. Mr. Hasson will work with Ms. Joseph through a transition period to ensure a smooth transition when the management change becomes effective.
お知らせ • Jun 02Kenon Holdings Ltd. Approves Alteration of the ConstitutionKenon Holdings Ltd. approves alteration of the constitution at its Annual General Meeting held on June 1, 2023.
Reported Earnings • Apr 01Full year 2022 earnings releasedFull year 2022 results: Revenue: US$574.0m (up 18% from FY 2021). Net income: US$312.7m (down 66% from FY 2021). Profit margin: 55% (down from 191% in FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Board Change • Mar 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Director Barak Cohen was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Director Barak Cohen was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €40.00, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 27x in the Renewable Energy industry in Europe. Total returns to shareholders of 190% over the past three years.
お知らせ • Jun 17Kenon Holdings Ltd. Approves a Capital Reduction Distribution, Payable on July 5, 2022Kenon Holdings Ltd. announced that its Board of Directors has approved a capital reduction distribution in an aggregate amount of approximately $552 million, or $10.25 per share (the Distribution"), and Kenon's shareholders approved the Distribution at Kenon's 2022 Annual General Meeting, contingent upon the approval of the High Court of the Republic of Singapore. Kenon is announcing today that the Distribution was approved by the High Court of the Republic of Singapore on June 14, 2022 and will be paid on July 5, 2022 (the Payment Date") to Kenon's shareholders of record as of the close of trading on June 27, 2022 (the Record Date").
Reported Earnings • Jun 02First quarter 2022 earnings released: EPS: US$11.86 (vs US$3.34 in 1Q 2021)First quarter 2022 results: EPS: US$11.86 (up from US$3.34 in 1Q 2021). Revenue: US$146.0m (up 27% from 1Q 2021). Net income: US$639.0m (up 255% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Director Barak Cohen was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €53.00, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 32x in the Renewable Energy industry in Europe. Total returns to shareholders of 303% over the past three years.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: US$17.27 (vs US$9.26 in FY 2020)Full year 2021 results: EPS: US$17.27 (up from US$9.26 in FY 2020). Revenue: US$488.0m (up 26% from FY 2020). Net income: US$930.0m (up 87% from FY 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to €59.50, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total returns to shareholders of 350% over the past three years.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €41.80, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total returns to shareholders of 239% over the past three years.
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €41.80, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 30x in the Renewable Energy industry in Europe. Total returns to shareholders of 239% over the past three years.
Upcoming Dividend • Jan 11Upcoming dividend of US$3.50 per shareEligible shareholders must have bought the stock before 18 January 2022. Payment date: 27 January 2022. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.3%).
Reported Earnings • Dec 03Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: EPS: US$3.45 (up from US$1.10 in 3Q 2020). Revenue: US$133.0m (up 14% from 3Q 2020). Net income: US$186.0m (up 215% from 3Q 2020). Revenue missed analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS US$3.20 (vs US$5.19 in 2Q 2020)Second quarter 2021 results: Revenue: US$105.0m (up 38% from 2Q 2020). Net income: US$172.0m (down 38% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 36% per year.
お知らせ • Jun 08Kenon Holdings Ltd. Approves Special Dividend, Payable on September 15, 2021Kenon Holdings Ltd. approved a special cash dividend of approximately $2.00 per share (an aggregate amount of approximately $238 million), payable to the company's shareholders of record as of the close of trading on August 25, 2021, for payment on September 15, 2021. Of this dividend, approximately $64 million is payable to the company.
Reported Earnings • Jun 08First quarter 2021 earnings released: EPS US$3.34 (vs US$0.28 in 1Q 2020)First quarter 2021 results: Revenue: US$115.0m (up 29% from 1Q 2020). Net income: US$180.0m (up US$165.0m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 23Full year 2020 earnings released: EPS US$9.26 (vs US$0.71 loss in FY 2019)Full year 2020 results: Revenue: US$386.5m (up 3.5% from FY 2019). Net income: US$498.6m (up US$536.6m from FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Dec 30New 90-day high: €23.80The company is up 23% from its price of €19.30 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 10.0% over the same period.
Reported Earnings • Nov 27Third quarter 2020 earnings released: EPS US$1.10The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$117.0m (up 15% from 3Q 2019). Net income: US$59.0m (up US$57.0m from 3Q 2019). Profit margin: 50% (up from 2.0% in 3Q 2019). The increase in margin was primarily driven by lower expenses.
Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 19% share price gain to US$21.60, the stock is trading at a trailing P/E ratio of 5.2x, up from the previous P/E ratio of 4.4x. This compares to an average P/E of 28x in the Renewable Energy industry in Germany. Total returns to shareholders over the past year are 26%.
Valuation Update With 7 Day Price Move • Nov 17Market bids up stock over the past weekAfter last week's 16% share price gain to US$20.60, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 27x in the Renewable Energy industry in Germany. Total returns to shareholders over the past year are 15%.
Valuation Update With 7 Day Price Move • Nov 06Market pulls back on stock over the past weekAfter last week's 17% share price decline to US$19.20, the stock is trading at a trailing P/E ratio of 4.6x, down from the previous P/E ratio of 5.5x. This compares to an average P/E of 26x in the Renewable Energy industry in Germany. Total returns to shareholders over the past year are 17%.
Is New 90 Day High Low • Oct 31New 90-day high: €23.00The company is up 40% from its price of €16.40 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 6.0% over the same period.
Is New 90 Day High Low • Oct 06New 90-day high: €20.00The company is up 29% from its price of €15.50 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 2.0% over the same period.
お知らせ • Jul 31Shenzhen BAONENG Investment Group Ltd completed the acquisition of an additional 12% stake in Qoros Automotive Co. Ltd from Kenon Holdings Ltd. (TASE:KEN).Shenzhen BAONENG Investment Group Ltd entered into an agreement to acquire an additional 12% stake in Qoros Automotive Co. Ltd from Kenon Holdings Ltd. (TASE:KEN) for CNY 1.6 billion on January 6, 2019. Following completion, Shenzhen BAONENG Investment Group will hold 63% interest in Qoros. As of December 17, 2019, parties in the transaction have entered into an agreement to complete the payment by the end of first quarter, 2020 and if the purchase price is not paid by the end of first quarter then parties will have no obligation to discuss an extension. The transaction is subject to obtaining relevant third party consents and other closing conditions, including approvals by relevant government authorities. The transaction is approved by the government and third party consent. Shenzhen BAONENG Investment Group Ltd completed the acquisition of an additional 12% stake in Qoros Automotive Co. Ltd from Kenon Holdings Ltd. (TASE:KEN) in April 2020. Kenon Holdings has received the full payment of CNY 15.6 billion. Kenon now holds a 12% interest, Shenzhen BAONENG holds 63% stake and Chery owns 25% stake in Qoros Automotive.