Kenon Holdings（KEN）株式概要ケノンホールディングスは、子会社を通じてイスラエルと米国で発電施設の所有、開発、運営を行っている。 詳細KEN ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績1/6財務の健全性3/6配当金1/6報酬当社が推定した公正価値より12.6%で取引されている リスク分析5.63%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 過去5年間で収益は年間26%減少しました。 利益率(8%)は昨年より低い(79.1%) すべてのリスクチェックを見るKEN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value₪Current Price₪199.4025.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-454m2b2016201920222025202620282031Revenue US$2.0bEarnings US$160.3mAdvancedSet Fair ValueView all narrativesKenon Holdings Ltd. 競合他社OPC EnergySymbol: TASE:OPCEMarket cap: ₪31.6bEnergix - Renewable EnergiesSymbol: TASE:ENRGMarket cap: ₪13.4bO.Y. Nofar EnergySymbol: TASE:NOFRMarket cap: ₪7.8bNLC IndiaSymbol: BSE:513683Market cap: ₹431.1b価格と性能株価の高値、安値、推移の概要Kenon Holdings過去の株価現在の株価₪199.4052週高値₪281.4052週安値₪127.20ベータ0.321ヶ月の変化-17.74%3ヶ月変化-25.57%1年変化53.03%3年間の変化121.56%5年間の変化76.93%IPOからの変化158.96%最新ニュース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. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.ライブニュース • Jun 02Kenon Holdings Highlights OPC Profit Dividend and New Data Center Power AgreementKenon Holdings reported Q1 2026 results, including OPC's net profit of US$14 million for the quarter. The company entered a collar transaction on approximately 2% of its shares in OPC, providing structured exposure to that holding. Kenon declared and distributed an interim cash dividend and highlighted OPC's recent progress, including a building permit for the Hadera 2 project, increased ownership in CPV Maryland, and a 19-year electricity supply agreement for data centers in Israel. Taken together, these updates show Kenon actively managing its OPC stake while OPC continues to advance power generation and long-term offtake projects. You may want to pay attention to how the collar transaction, dividend payouts, and OPC's long-duration contract for data centers affect Kenon's cash position, risk profile, and exposure to the Israeli power market over time.Buy Or Sell Opportunity • May 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to ₪268. The fair value is estimated to be ₪220, 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 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to ₪273. The fair value is estimated to be ₪225, 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 03Dividend 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 1.5%, which is lower 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.最新情報をもっと見るRecent updatesReported 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. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.ライブニュース • Jun 02Kenon Holdings Highlights OPC Profit Dividend and New Data Center Power AgreementKenon Holdings reported Q1 2026 results, including OPC's net profit of US$14 million for the quarter. The company entered a collar transaction on approximately 2% of its shares in OPC, providing structured exposure to that holding. Kenon declared and distributed an interim cash dividend and highlighted OPC's recent progress, including a building permit for the Hadera 2 project, increased ownership in CPV Maryland, and a 19-year electricity supply agreement for data centers in Israel. Taken together, these updates show Kenon actively managing its OPC stake while OPC continues to advance power generation and long-term offtake projects. You may want to pay attention to how the collar transaction, dividend payouts, and OPC's long-duration contract for data centers affect Kenon's cash position, risk profile, and exposure to the Israeli power market over time.Buy Or Sell Opportunity • May 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to ₪268. The fair value is estimated to be ₪220, 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 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to ₪273. The fair value is estimated to be ₪225, 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 03Dividend 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 1.5%, which is lower 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: 150% Dividend yield: 5.8% 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: 150% 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 32% 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分析記事 • Feb 13Calculating The Intrinsic Value Of Kenon Holdings Ltd. (TLV:KEN)Key Insights The projected fair value for Kenon Holdings is ₪295 based on Dividend Discount Model Current share price...分析記事 • Jan 26Be Wary Of Kenon Holdings (TLV:KEN) And Its Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Recent Insider Transactions Derivative • Jan 04Independent Director notifies of intention to sell stockLaurence Charney intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of ₪191, it would amount to ₪1.1m. As of today, Laurence currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.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. Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year.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.分析記事 • Oct 29Does Kenon Holdings (TLV:KEN) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Sep 05Statutory Profit Doesn't Reflect How Good Kenon Holdings' (TLV:KEN) Earnings AreKenon Holdings Ltd.'s ( TLV:KEN ) strong earnings report was rewarded with a positive stock price move. We did some...New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share).Reported Earnings • Aug 28Second quarter 2025 earnings released: EPS: US$0.10 (vs US$2.13 in 2Q 2024)Second quarter 2025 results: EPS: US$0.10 (down from US$2.13 in 2Q 2024). Revenue: US$196.0m (up 8.3% from 2Q 2024). Net income: US$5.00m (down 96% from 2Q 2024). Profit margin: 2.6% (down from 62% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.分析記事 • Aug 12Not Many Are Piling Into Kenon Holdings Ltd. (TLV:KEN) Just YetWhen close to half the companies in the Renewable Energy industry in Israel have price-to-sales ratios (or "P/S") above...分析記事 • Jul 01Here's What's Concerning About Kenon Holdings' (TLV:KEN) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...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, SingaporeRecent Insider Transactions Derivative • Jun 17Independent Director notifies of intention to sell stockLaurence Charney intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of June. If the sale is conducted around the recent share price of ₪121, it would amount to ₪729k. As of today, Laurence currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.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 13% per year, which means it has not declined as severely as earnings.Declared Dividend • Apr 06Dividend 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 4.0%, 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 03New 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 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 03Full 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 54 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.分析記事 • Mar 13Kenon Holdings (TLV:KEN) Is Reinvesting At Lower Rates Of ReturnThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...分析記事 • Feb 11Is Kenon Holdings (TLV:KEN) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Jan 08Cautious Investors Not Rewarding Kenon Holdings Ltd.'s (TLV:KEN) Performance CompletelyWhen you see that almost half of the companies in the Renewable Energy industry in Israel have price-to-sales ratios...分析記事 • Dec 13Kenon Holdings' (TLV:KEN) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Kenon Holdings Ltd.'s ( TLV:KEN ) stock hasn't moved much. We did...Board Change • Dec 10Insufficient 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.Reported Earnings • Dec 08Third quarter 2024 earnings released: EPS: US$0.81 (vs US$3.83 loss in 3Q 2023)Third quarter 2024 results: EPS: US$0.81 (up from US$3.83 loss in 3Q 2023). Revenue: US$237.0m (up 3.5% from 3Q 2023). Net income: US$43.0m (up US$248.0m from 3Q 2023). Profit margin: 18% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.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.New Risk • Nov 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). 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. Earnings have declined by 22% per year over the past 5 years.分析記事 • Oct 21Returns On Capital Signal Tricky Times Ahead For Kenon Holdings (TLV:KEN)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Sep 11Second quarter 2024 earnings released: EPS: US$2.28 (vs US$0.70 loss in 2Q 2023)Second quarter 2024 results: EPS: US$2.28 (up from US$0.70 loss in 2Q 2023). Revenue: US$181.0m (up 9.7% from 2Q 2023). Net income: US$112.0m (up US$142.0m from 2Q 2023). Profit margin: 62% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.分析記事 • Aug 27Kenon Holdings Ltd. (TLV:KEN) Could Be Riskier Than It LooksWhen close to half the companies in the Renewable Energy industry in Israel have price-to-sales ratios (or "P/S") above...分析記事 • Jul 31Is Kenon Holdings (TLV:KEN) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Jul 01Returns On Capital Signal Tricky Times Ahead For Kenon Holdings (TLV:KEN)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...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.Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.14 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.15 (up from US$0.14 loss in 1Q 2023). Revenue: US$174.0m (up 18% from 1Q 2023). Net income: US$8.00m (up US$16.0m from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.分析記事 • Apr 22Kenon Holdings Ltd.'s (TLV:KEN) Shares Not Telling The Full StoryYou may think that with a price-to-sales (or "P/S") ratio of 1.6x Kenon Holdings Ltd. ( TLV:KEN ) is definitely a stock...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.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.9% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 2.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change).Declared Dividend • Mar 31Dividend of US$3.80 announcedShareholders will receive a dividend of US$3.80. Ex-date: 8th April 2024 Payment date: 15th April 2024 Dividend yield will be 3.9%, 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.New Risk • Mar 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 15% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 2.6% per year over the past 5 years.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.Reported Earnings • Mar 27Full year 2023 earnings released: US$4.42 loss per share (vs US$5.80 profit in FY 2022)Full year 2023 results: US$4.42 loss per share (down from US$5.80 profit in FY 2022). Revenue: US$691.8m (up 21% from FY 2022). Net loss: US$236.0m (down 176% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.分析記事 • Mar 22We Think Kenon Holdings (TLV:KEN) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Feb 16Be Wary Of Kenon Holdings (TLV:KEN) And Its Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...分析記事 • Jan 05Market Still Lacking Some Conviction On Kenon Holdings Ltd. (TLV:KEN)Kenon Holdings Ltd.'s ( TLV:KEN ) price-to-sales (or "P/S") ratio of 2.1x may look like a very appealing investment...Reported Earnings • Nov 30Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$229.0m (up 41% from 3Q 2022). Net income: US$24.0m (down 90% from 3Q 2022). Profit margin: 11% (down from 154% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Oct 25Kenon Holdings (TLV:KEN) May Have Issues Allocating Its CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...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)分析記事 • Sep 18Here's Why Kenon Holdings (TLV:KEN) Has A Meaningful Debt BurdenHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Sep 02Second quarter 2023 earnings released: US$0.56 loss per share (vs US$4.92 profit in 2Q 2022)Second quarter 2023 results: US$0.56 loss per share (down from US$4.92 profit in 2Q 2022). Revenue: US$165.0m (up 36% from 2Q 2022). Net loss: US$30.0m (down 111% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.分析記事 • Aug 06Improved Revenues Required Before Kenon Holdings Ltd. (TLV:KEN) Shares Find Their FeetKenon Holdings Ltd.'s ( TLV:KEN ) price-to-sales (or "P/S") ratio of 2.4x might make it look like a strong buy right...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.Reported Earnings • Jun 05First quarter 2023 earnings released: US$0.14 loss per share (vs US$11.86 profit in 1Q 2022)First quarter 2023 results: US$0.14 loss per share (down from US$11.86 profit in 1Q 2022). Revenue: US$147.0m (flat on 1Q 2022). Net loss: US$8.00m (down 101% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.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.分析記事 • May 19Kenon Holdings (TLV:KEN) Takes On Some Risk With Its Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Upcoming Dividend • Apr 03Upcoming dividend of US$2.79 per share at 9.1% yieldEligible shareholders must have bought the stock before 10 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 9.1%. Within top quartile of Israeli dividend payers (7.9%). Higher than average of industry peers (3.0%).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 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: US$4.65 (vs US$3.45 in 3Q 2021)Third quarter 2022 results: EPS: US$4.65 (up from US$3.45 in 3Q 2021). Revenue: US$163.0m (up 23% from 3Q 2021). Net income: US$251.0m (up 35% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Insufficient 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.Recent Insider Transactions Derivative • Oct 22Independent Director notifies of intention to sell stockLaurence Charney intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of October. If the sale is conducted around the recent share price of ₪131, it would amount to ₪1.3m. Since December 2021, Laurence's direct individual holding has decreased from 49.18k shares to 47.65k. There have been no trades via on-market transactions or options from company insiders in the last 12 months.Upcoming Dividend • Jun 20Upcoming dividend of US$10.25 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Israeli dividend payers (6.6%). Higher than average of industry peers (2.8%).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 39% 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.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 46% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₪176, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total returns to shareholders of 255% over the past three years.Reported Earnings • Dec 02Third 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 29% 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 but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.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 26% 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 25% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Mar 03Has Kenon Holdings (TLV:KEN) Got What It Takes To Become A Multi-Bagger?What are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Feb 05We Think Kenon Holdings (TLV:KEN) Can Stay On Top Of Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Is New 90 Day High Low • Jan 20New 90-day high: ₪98.30The company is up 15% from its price of ₪85.75 on 22 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 5.0% over the same period.分析記事 • Jan 15We Wouldn't Rely On Kenon Holdings's (TLV:KEN) Statutory Earnings As A GuideIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...Is New 90 Day High Low • Dec 29New 90-day high: ₪93.00The company is up 20% from its price of ₪77.50 on 30 September 2020. The Israeli market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 10.0% over the same period.分析記事 • Dec 25What Kind Of Investors Own Most Of Kenon Holdings Ltd. (TLV:KEN)?The big shareholder groups in Kenon Holdings Ltd. ( TLV:KEN ) have power over the company. Large companies usually have...分析記事 • Dec 04Is Kenon Holdings Ltd.'s (TLV:KEN) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?Kenon Holdings' (TLV:KEN) stock is up by a considerable 17% over the past three months. Since the market usually pay...Reported Earnings • Nov 26Third 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. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 23Market bids up stock over the past weekAfter last week's 17% share price gain to US$89.00, 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 71x in the Renewable Energy industry in Israel. Total returns to shareholders over the past three years are 172%.Is New 90 Day High Low • Nov 23New 90-day high: ₪89.00The company is up 21% from its price of ₪73.63 on 25 August 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 4.0% over the same period.Is New 90 Day High Low • Oct 19New 90-day high: ₪84.00The company is up 17% from its price of ₪72.00 on 21 July 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 20% over the same period.株主還元KENIL Renewable EnergyIL 市場7D-5.2%-8.9%-2.9%1Y53.0%179.6%32.2%株主還元を見る業界別リターン: KEN過去 1 年間で179.6 % の収益を上げたIL Renewable Energy業界を下回りました。リターン対市場: KEN過去 1 年間で32.2 % の収益を上げたIL市場を上回りました。価格変動Is KEN's price volatile compared to industry and market?KEN volatilityKEN Average Weekly Movement6.5%Renewable Energy Industry Average Movement8.1%Market Average Movement5.8%10% most volatile stocks in IL Market9.7%10% least volatile stocks in IL Market3.7%安定した株価: KEN 、 IL市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: KENの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2014354Robert Rosenwww.kenon-holdings.comケノンホールディングスは、子会社を通じてイスラエルと米国で発電施設の所有者、開発者、運営者として事業を展開している。発電・エネルギー供給、発電所の開発・建設・運営、天然ガスや再生可能エネルギーを利用したエネルギー発電施設の運営、太陽光・風力エネルギーや従来型の天然ガス焚き発電所の運営を行っている。同社は2014年に設立され、シンガポールを拠点としている。ケノン・ホールディングスはアンソニア・ホールディングス・シンガポールの子会社である。もっと見るKenon Holdings Ltd. 基礎のまとめKenon Holdings の収益と売上を時価総額と比較するとどうか。KEN 基礎統計学時価総額₪10.79b収益（TTM）₪234.17m売上高(TTM)₪2.93b44.4xPER（株価収益率3.5xP/SレシオKEN は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計KEN 損益計算書（TTM）収益US$1.01b売上原価US$763.84m売上総利益US$242.09mその他の費用US$161.82m収益US$80.27m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.54グロス・マージン24.07%純利益率7.98%有利子負債／自己資本比率68.8%KEN の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.6%現在の配当利回り303%配当性向View Valuation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2026/06/17 21:24終値2026/06/17 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
ライブニュース • Jun 02Kenon Holdings Highlights OPC Profit Dividend and New Data Center Power AgreementKenon Holdings reported Q1 2026 results, including OPC's net profit of US$14 million for the quarter. The company entered a collar transaction on approximately 2% of its shares in OPC, providing structured exposure to that holding. Kenon declared and distributed an interim cash dividend and highlighted OPC's recent progress, including a building permit for the Hadera 2 project, increased ownership in CPV Maryland, and a 19-year electricity supply agreement for data centers in Israel. Taken together, these updates show Kenon actively managing its OPC stake while OPC continues to advance power generation and long-term offtake projects. You may want to pay attention to how the collar transaction, dividend payouts, and OPC's long-duration contract for data centers affect Kenon's cash position, risk profile, and exposure to the Israeli power market over time.
Buy Or Sell Opportunity • May 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to ₪268. The fair value is estimated to be ₪220, 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 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to ₪273. The fair value is estimated to be ₪225, 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 03Dividend 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 1.5%, which is lower 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.
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. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
ライブニュース • Jun 02Kenon Holdings Highlights OPC Profit Dividend and New Data Center Power AgreementKenon Holdings reported Q1 2026 results, including OPC's net profit of US$14 million for the quarter. The company entered a collar transaction on approximately 2% of its shares in OPC, providing structured exposure to that holding. Kenon declared and distributed an interim cash dividend and highlighted OPC's recent progress, including a building permit for the Hadera 2 project, increased ownership in CPV Maryland, and a 19-year electricity supply agreement for data centers in Israel. Taken together, these updates show Kenon actively managing its OPC stake while OPC continues to advance power generation and long-term offtake projects. You may want to pay attention to how the collar transaction, dividend payouts, and OPC's long-duration contract for data centers affect Kenon's cash position, risk profile, and exposure to the Israeli power market over time.
Buy Or Sell Opportunity • May 27Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 7.0% to ₪268. The fair value is estimated to be ₪220, 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 21% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to ₪273. The fair value is estimated to be ₪225, 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 03Dividend 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 1.5%, which is lower 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: 150% Dividend yield: 5.8% 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: 150% 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 32% 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
分析記事 • Feb 13Calculating The Intrinsic Value Of Kenon Holdings Ltd. (TLV:KEN)Key Insights The projected fair value for Kenon Holdings is ₪295 based on Dividend Discount Model Current share price...
分析記事 • Jan 26Be Wary Of Kenon Holdings (TLV:KEN) And Its Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Recent Insider Transactions Derivative • Jan 04Independent Director notifies of intention to sell stockLaurence Charney intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of ₪191, it would amount to ₪1.1m. As of today, Laurence currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.
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. Over the last 3 years on average, earnings per share has increased by 20% per year and the company’s share price has also increased by 20% per year.
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.
分析記事 • Oct 29Does Kenon Holdings (TLV:KEN) Have A Healthy Balance Sheet?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Sep 05Statutory Profit Doesn't Reflect How Good Kenon Holdings' (TLV:KEN) Earnings AreKenon Holdings Ltd.'s ( TLV:KEN ) strong earnings report was rewarded with a positive stock price move. We did some...
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 14x cash flows per share).
Reported Earnings • Aug 28Second quarter 2025 earnings released: EPS: US$0.10 (vs US$2.13 in 2Q 2024)Second quarter 2025 results: EPS: US$0.10 (down from US$2.13 in 2Q 2024). Revenue: US$196.0m (up 8.3% from 2Q 2024). Net income: US$5.00m (down 96% from 2Q 2024). Profit margin: 2.6% (down from 62% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
分析記事 • Aug 12Not Many Are Piling Into Kenon Holdings Ltd. (TLV:KEN) Just YetWhen close to half the companies in the Renewable Energy industry in Israel have price-to-sales ratios (or "P/S") above...
分析記事 • Jul 01Here's What's Concerning About Kenon Holdings' (TLV:KEN) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
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
Recent Insider Transactions Derivative • Jun 17Independent Director notifies of intention to sell stockLaurence Charney intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of June. If the sale is conducted around the recent share price of ₪121, it would amount to ₪729k. As of today, Laurence currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.
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 13% per year, which means it has not declined as severely as earnings.
Declared Dividend • Apr 06Dividend 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 4.0%, 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 03New 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 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 03Full 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 54 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.
分析記事 • Mar 13Kenon Holdings (TLV:KEN) Is Reinvesting At Lower Rates Of ReturnThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
分析記事 • Feb 11Is Kenon Holdings (TLV:KEN) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Jan 08Cautious Investors Not Rewarding Kenon Holdings Ltd.'s (TLV:KEN) Performance CompletelyWhen you see that almost half of the companies in the Renewable Energy industry in Israel have price-to-sales ratios...
分析記事 • Dec 13Kenon Holdings' (TLV:KEN) Earnings Are Of Questionable QualityDespite posting some strong earnings, the market for Kenon Holdings Ltd.'s ( TLV:KEN ) stock hasn't moved much. We did...
Board Change • Dec 10Insufficient 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.
Reported Earnings • Dec 08Third quarter 2024 earnings released: EPS: US$0.81 (vs US$3.83 loss in 3Q 2023)Third quarter 2024 results: EPS: US$0.81 (up from US$3.83 loss in 3Q 2023). Revenue: US$237.0m (up 3.5% from 3Q 2023). Net income: US$43.0m (up US$248.0m from 3Q 2023). Profit margin: 18% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
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.
New Risk • Nov 21New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). 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. Earnings have declined by 22% per year over the past 5 years.
分析記事 • Oct 21Returns On Capital Signal Tricky Times Ahead For Kenon Holdings (TLV:KEN)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Sep 11Second quarter 2024 earnings released: EPS: US$2.28 (vs US$0.70 loss in 2Q 2023)Second quarter 2024 results: EPS: US$2.28 (up from US$0.70 loss in 2Q 2023). Revenue: US$181.0m (up 9.7% from 2Q 2023). Net income: US$112.0m (up US$142.0m from 2Q 2023). Profit margin: 62% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 27Kenon Holdings Ltd. (TLV:KEN) Could Be Riskier Than It LooksWhen close to half the companies in the Renewable Energy industry in Israel have price-to-sales ratios (or "P/S") above...
分析記事 • Jul 31Is Kenon Holdings (TLV:KEN) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Jul 01Returns On Capital Signal Tricky Times Ahead For Kenon Holdings (TLV:KEN)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
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.
Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: US$0.15 (vs US$0.14 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.15 (up from US$0.14 loss in 1Q 2023). Revenue: US$174.0m (up 18% from 1Q 2023). Net income: US$8.00m (up US$16.0m from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 22Kenon Holdings Ltd.'s (TLV:KEN) Shares Not Telling The Full StoryYou may think that with a price-to-sales (or "P/S") ratio of 1.6x Kenon Holdings Ltd. ( TLV:KEN ) is definitely a stock...
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.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.9% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 2.6% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change).
Declared Dividend • Mar 31Dividend of US$3.80 announcedShareholders will receive a dividend of US$3.80. Ex-date: 8th April 2024 Payment date: 15th April 2024 Dividend yield will be 3.9%, 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.
New Risk • Mar 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 15% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 2.6% per year over the past 5 years.
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.
Reported Earnings • Mar 27Full year 2023 earnings released: US$4.42 loss per share (vs US$5.80 profit in FY 2022)Full year 2023 results: US$4.42 loss per share (down from US$5.80 profit in FY 2022). Revenue: US$691.8m (up 21% from FY 2022). Net loss: US$236.0m (down 176% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 22We Think Kenon Holdings (TLV:KEN) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Feb 16Be Wary Of Kenon Holdings (TLV:KEN) And Its Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
分析記事 • Jan 05Market Still Lacking Some Conviction On Kenon Holdings Ltd. (TLV:KEN)Kenon Holdings Ltd.'s ( TLV:KEN ) price-to-sales (or "P/S") ratio of 2.1x may look like a very appealing investment...
Reported Earnings • Nov 30Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: US$229.0m (up 41% from 3Q 2022). Net income: US$24.0m (down 90% from 3Q 2022). Profit margin: 11% (down from 154% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Oct 25Kenon Holdings (TLV:KEN) May Have Issues Allocating Its CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
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)
分析記事 • Sep 18Here's Why Kenon Holdings (TLV:KEN) Has A Meaningful Debt BurdenHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Sep 02Second quarter 2023 earnings released: US$0.56 loss per share (vs US$4.92 profit in 2Q 2022)Second quarter 2023 results: US$0.56 loss per share (down from US$4.92 profit in 2Q 2022). Revenue: US$165.0m (up 36% from 2Q 2022). Net loss: US$30.0m (down 111% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
分析記事 • Aug 06Improved Revenues Required Before Kenon Holdings Ltd. (TLV:KEN) Shares Find Their FeetKenon Holdings Ltd.'s ( TLV:KEN ) price-to-sales (or "P/S") ratio of 2.4x might make it look like a strong buy right...
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.
Reported Earnings • Jun 05First quarter 2023 earnings released: US$0.14 loss per share (vs US$11.86 profit in 1Q 2022)First quarter 2023 results: US$0.14 loss per share (down from US$11.86 profit in 1Q 2022). Revenue: US$147.0m (flat on 1Q 2022). Net loss: US$8.00m (down 101% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
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.
分析記事 • May 19Kenon Holdings (TLV:KEN) Takes On Some Risk With Its Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Upcoming Dividend • Apr 03Upcoming dividend of US$2.79 per share at 9.1% yieldEligible shareholders must have bought the stock before 10 April 2023. Payment date: 19 April 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 9.1%. Within top quartile of Israeli dividend payers (7.9%). Higher than average of industry peers (3.0%).
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 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Dec 01Third quarter 2022 earnings released: EPS: US$4.65 (vs US$3.45 in 3Q 2021)Third quarter 2022 results: EPS: US$4.65 (up from US$3.45 in 3Q 2021). Revenue: US$163.0m (up 23% from 3Q 2021). Net income: US$251.0m (up 35% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Insufficient 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.
Recent Insider Transactions Derivative • Oct 22Independent Director notifies of intention to sell stockLaurence Charney intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of October. If the sale is conducted around the recent share price of ₪131, it would amount to ₪1.3m. Since December 2021, Laurence's direct individual holding has decreased from 49.18k shares to 47.65k. There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Upcoming Dividend • Jun 20Upcoming dividend of US$10.25 per shareEligible shareholders must have bought the stock before 27 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 6.8%. Within top quartile of Israeli dividend payers (6.6%). Higher than average of industry peers (2.8%).
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 39% 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.
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 46% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment improved over the past weekAfter last week's 19% share price gain to ₪176, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 16x in the Renewable Energy industry in Asia. Total returns to shareholders of 255% over the past three years.
Reported Earnings • Dec 02Third 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 29% 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 but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
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 26% 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 25% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Mar 03Has Kenon Holdings (TLV:KEN) Got What It Takes To Become A Multi-Bagger?What are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Feb 05We Think Kenon Holdings (TLV:KEN) Can Stay On Top Of Its DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Is New 90 Day High Low • Jan 20New 90-day high: ₪98.30The company is up 15% from its price of ₪85.75 on 22 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 5.0% over the same period.
分析記事 • Jan 15We Wouldn't Rely On Kenon Holdings's (TLV:KEN) Statutory Earnings As A GuideIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. That...
Is New 90 Day High Low • Dec 29New 90-day high: ₪93.00The company is up 20% from its price of ₪77.50 on 30 September 2020. The Israeli market is up 26% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 10.0% over the same period.
分析記事 • Dec 25What Kind Of Investors Own Most Of Kenon Holdings Ltd. (TLV:KEN)?The big shareholder groups in Kenon Holdings Ltd. ( TLV:KEN ) have power over the company. Large companies usually have...
分析記事 • Dec 04Is Kenon Holdings Ltd.'s (TLV:KEN) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?Kenon Holdings' (TLV:KEN) stock is up by a considerable 17% over the past three months. Since the market usually pay...
Reported Earnings • Nov 26Third 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. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 23Market bids up stock over the past weekAfter last week's 17% share price gain to US$89.00, 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 71x in the Renewable Energy industry in Israel. Total returns to shareholders over the past three years are 172%.
Is New 90 Day High Low • Nov 23New 90-day high: ₪89.00The company is up 21% from its price of ₪73.63 on 25 August 2020. The Israeli market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Oct 19New 90-day high: ₪84.00The company is up 17% from its price of ₪72.00 on 21 July 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 20% over the same period.
