Kenon Holdings Ltd.'s (TLV:KEN) Shares Not Telling The Full Story
Apr 22
Israeli (TA) Utilities Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies13
- 7D1.1%
- 3M-0.3%
- 1Y3.8%
- YTD-6.1%
In the last week, the Utilities industry is up 1.1%, with OPC Energy leading the way, up 4.2%. In the last 12 months, the industry was up 3.8%. Looking forward, earnings are forecast to grow by 45% annually.
Sector Valuation and Performance
Has the Israeli Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | ₪34.6b | ₪7.7b | -₪108,334,565.22 | 35x | -319.7x | 4.5x |
| Sun, 24 Mar 2024 | ₪36.0b | ₪7.5b | -₪2,846,179,290.85 | 37.4x | -12.6x | 4.8x |
| Tue, 20 Feb 2024 | ₪34.9b | ₪7.5b | -₪2,774,644,393.67 | 31.7x | -12.6x | 4.6x |
| Thu, 18 Jan 2024 | ₪35.1b | ₪7.9b | -₪3,188,261,361.00 | 30.3x | -11x | 4.4x |
| Sat, 16 Dec 2023 | ₪33.0b | ₪7.8b | -₪3,129,066,860.00 | 26.8x | -10.5x | 4.2x |
| Mon, 13 Nov 2023 | ₪29.4b | ₪7.4b | -₪1,737,594,983.00 | 22.1x | -16.9x | 4x |
| Wed, 11 Oct 2023 | ₪30.1b | ₪7.4b | -₪1,789,043,220.00 | 23.1x | -16.8x | 4x |
| Fri, 08 Sep 2023 | ₪32.3b | ₪7.1b | -₪2,041,757,269.00 | 29.3x | -15.8x | 4.6x |
| Sun, 06 Aug 2023 | ₪33.3b | ₪6.3b | -₪733,821,298.00 | 32.1x | -45.4x | 5.3x |
| Tue, 04 Jul 2023 | ₪31.6b | ₪6.4b | -₪775,802,944.00 | 30.9x | -40.7x | 5x |
| Thu, 01 Jun 2023 | ₪32.6b | ₪6.3b | ₪2.7b | 19x | 11.9x | 5.2x |
| Sat, 29 Apr 2023 | ₪32.5b | ₪6.0b | ₪1.5b | 31.2x | 21.8x | 5.4x |
| Mon, 27 Mar 2023 | ₪33.0b | ₪6.0b | ₪5.8b | 46x | 5.7x | 5.5x |
| Wed, 22 Feb 2023 | ₪34.2b | ₪5.7b | ₪5.7b | 66.7x | 6x | 6x |
| Fri, 20 Jan 2023 | ₪37.6b | ₪5.6b | ₪5.4b | 74.3x | 7x | 6.8x |
| Sun, 18 Dec 2022 | ₪35.4b | ₪5.6b | ₪5.4b | 75.9x | 6.5x | 6.3x |
| Tue, 15 Nov 2022 | ₪38.6b | ₪5.1b | ₪4.9b | 59.8x | 7.8x | 7.6x |
| Thu, 13 Oct 2022 | ₪39.0b | ₪5.2b | ₪5.2b | 59.8x | 7.6x | 7.5x |
| Sat, 10 Sep 2022 | ₪40.8b | ₪5.0b | ₪4.6b | 64.2x | 8.8x | 8.2x |
| Mon, 08 Aug 2022 | ₪37.8b | ₪4.8b | ₪4.5b | 51.6x | 8.3x | 7.9x |
| Wed, 06 Jul 2022 | ₪35.1b | ₪4.9b | ₪4.8b | 47x | 7.4x | 7.2x |
| Fri, 03 Jun 2022 | ₪35.6b | ₪4.6b | ₪3.0b | 49.7x | 12x | 7.8x |
| Sun, 01 May 2022 | ₪39.3b | ₪4.4b | ₪2.9b | 75x | 13.8x | 8.8x |
| Tue, 29 Mar 2022 | ₪41.5b | ₪4.1b | ₪1.8b | 106.7x | 23.6x | 10x |
| Thu, 24 Feb 2022 | ₪38.0b | ₪4.1b | ₪1.8b | 111x | 21.2x | 9.2x |
| Sat, 22 Jan 2022 | ₪36.8b | ₪4.1b | ₪1.7b | 112.4x | 21.2x | 9.1x |
| Mon, 20 Dec 2021 | ₪36.6b | ₪4.0b | ₪1.8b | 135.6x | 20.8x | 9.3x |
| Wed, 17 Nov 2021 | ₪37.8b | ₪3.8b | ₪1.2b | 117x | 31.5x | 9.9x |
| Fri, 15 Oct 2021 | ₪36.2b | ₪3.9b | ₪1.3b | 118.2x | 28.4x | 9.3x |
| Sun, 12 Sep 2021 | ₪33.6b | ₪3.9b | ₪1.3b | 112.5x | 26.2x | 8.7x |
| Tue, 10 Aug 2021 | ₪32.4b | ₪3.8b | ₪1.3b | 116.4x | 25.5x | 8.5x |
| Mon, 03 May 2021 | ₪32.0b | ₪3.7b | ₪1.8b | 77.1x | 18.2x | 8.7x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are pessimistic on the Israeli Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 28% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Israeli Utilities sector?
| IL Market | 0.84% | |
| Utilities | 1.06% | |
| Electric Utilities | 2.74% | |
| Renewable Energy | 1.05% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 9.1% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 45% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OPCE OPC Energy | ₪28.00 | 4.2% +₪255.9m | 8.7% | PE43.6x | |
| DORL Doral Group Renewable Energy Resources | ₪10.84 | 12.7% +₪216.8m | 39.6% | PS24.5x | |
| NOFR O.Y. Nofar Energy | ₪91.23 | 4.6% +₪141.5m | 10.8% | PS10x | |
| KEN Kenon Holdings | ₪82.70 | 3.3% +₪139.9m | -13.5% | PS1.7x | |
| ECNR Econergy Renewable Energy | ₪15.07 | 1.6% +₪10.9m | 20.6% | PS153.7x |
