Here's What's Concerning About Kenon Holdings' (TLV:KEN) Returns On Capital
Jul 01
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Israeli (TA) Utilities Sector Analysis
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies12
- 7D5.7%
- 3M31.6%
- 1Y46.2%
- YTD26.2%
Over the last 7 days, the Utilities industry has risen 5.7%, driven by gains from OPC Energy of 13%. This means that the industry has gained 46% over the past year. As for the next few years, earnings are forecast to decline by 30% per annum.
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, 04 Jul 2025 | ₪50.2b | ₪8.8b | ₪2.8b | 32.4x | 18.2x | 5.7x |
| Sun, 01 Jun 2025 | ₪42.2b | ₪8.9b | ₪3.0b | 20.5x | 14.2x | 4.7x |
| Tue, 29 Apr 2025 | ₪37.9b | ₪9.0b | ₪2.9b | 26.5x | 13.2x | 4.2x |
| Thu, 27 Mar 2025 | ₪37.8b | ₪9.1b | ₪1.3b | 27x | 28.6x | 4.2x |
| Sat, 22 Feb 2025 | ₪40.7b | ₪9.0b | ₪1.3b | 23.9x | 31.7x | 4.5x |
| Mon, 20 Jan 2025 | ₪40.3b | ₪8.8b | ₪1.3b | 23.3x | 31x | 4.6x |
| Wed, 18 Dec 2024 | ₪37.0b | ₪8.8b | ₪1.3b | 22.5x | 27.9x | 4.2x |
| Fri, 15 Nov 2024 | ₪37.9b | ₪8.6b | ₪362.1m | 30.9x | 104.6x | 4.4x |
| Sun, 13 Oct 2024 | ₪36.3b | ₪8.6b | ₪346.8m | 32x | 104.5x | 4.2x |
| Tue, 10 Sep 2024 | ₪36.0b | ₪8.5b | -₪186,076,701.14 | 31.9x | -193.3x | 4.2x |
| Thu, 08 Aug 2024 | ₪35.5b | ₪8.2b | -₪119,893,728.68 | 29x | -296.5x | 4.3x |
| Sat, 06 Jul 2024 | ₪34.1b | ₪8.1b | -₪104,247,429.67 | 29x | -327.2x | 4.2x |
| Mon, 03 Jun 2024 | ₪37.0b | ₪7.8b | -₪243,485,253.87 | 49.9x | -151.9x | 4.7x |
| Wed, 01 May 2024 | ₪34.9b | ₪7.6b | -₪98,294,472.55 | 33.6x | -355.3x | 4.6x |
| Fri, 29 Mar 2024 | ₪35.5b | ₪7.5b | ₪239.1m | 36.7x | 148.3x | 4.7x |
| Sun, 25 Feb 2024 | ₪34.6b | ₪7.5b | -₪2,772,079,296.31 | 30.8x | -12.5x | 4.6x |
| Tue, 23 Jan 2024 | ₪34.9b | ₪7.9b | -₪3,150,320,802.00 | 30.9x | -11.1x | 4.4x |
| Thu, 21 Dec 2023 | ₪35.8b | ₪7.7b | -₪3,079,400,158.00 | 30x | -11.6x | 4.6x |
| Sat, 18 Nov 2023 | ₪30.2b | ₪7.3b | -₪1,693,389,976.00 | 23.5x | -17.9x | 4.2x |
| Mon, 16 Oct 2023 | ₪29.1b | ₪7.5b | -₪1,803,562,864.00 | 22.8x | -16.1x | 3.9x |
| Wed, 13 Sep 2023 | ₪32.2b | ₪7.1b | -₪2,021,803,391.00 | 29.7x | -15.9x | 4.6x |
| Fri, 11 Aug 2023 | ₪33.3b | ₪6.6b | -₪691,559,615.00 | 33.9x | -48.2x | 5.1x |
| Sun, 09 Jul 2023 | ₪31.3b | ₪6.4b | -₪743,466,994.00 | 31.8x | -42x | 4.9x |
| Tue, 06 Jun 2023 | ₪32.8b | ₪6.4b | ₪275.4m | 22.9x | 119.2x | 5.2x |
| Thu, 04 May 2023 | ₪32.4b | ₪6.0b | ₪2.5b | 25.3x | 12.9x | 5.4x |
| Sat, 01 Apr 2023 | ₪32.7b | ₪6.0b | ₪1.6b | 45.6x | 20.1x | 5.4x |
| Mon, 27 Feb 2023 | ₪32.5b | ₪5.7b | ₪5.8b | 63.7x | 5.6x | 5.7x |
| Wed, 25 Jan 2023 | ₪36.6b | ₪5.6b | ₪5.3b | 73x | 6.9x | 6.6x |
| Fri, 23 Dec 2022 | ₪34.9b | ₪5.6b | ₪5.5b | 74.2x | 6.3x | 6.2x |
| Sun, 20 Nov 2022 | ₪37.9b | ₪5.2b | ₪5.0b | 59.8x | 7.5x | 7.3x |
| Tue, 18 Oct 2022 | ₪39.2b | ₪5.2b | ₪5.1b | 59.8x | 7.7x | 7.6x |
| Thu, 15 Sep 2022 | ₪41.4b | ₪5.1b | ₪4.6b | 63.3x | 9x | 8.1x |
| Sat, 13 Aug 2022 | ₪44.4b | ₪4.8b | ₪4.4b | 53.5x | 10x | 9.3x |
| Mon, 11 Jul 2022 | ₪36.1b | ₪4.8b | ₪4.7b | 48.4x | 7.7x | 7.5x |
Price to Earnings Ratio
7.7x
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 industry is trading at a PE ratio of 18.2x which is higher than its 3-year average PE of -19.4x.
- The industry is trading close to its 3-year average PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 22% 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 | 4.33% | |
| Utilities | 5.70% | |
| Renewable Energy | 5.73% | |
| Electric Utilities | 0% | 0 |
| Other Utilities | 0% | 0 |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 30.2%, which is lower than the prior year's growth of 60.6% per year.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 30% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 61% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 30% 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 | ₪46.01 | 12.7% +₪1.4b | 81.4% | PE80.2x | |
| KEN Kenon Holdings | ₪145.50 | 9.2% +₪640.9m | 53.5% | PE3.7x | |
| ENLT Enlight Renewable Energy | ₪84.00 | 6.6% +₪623.8m | 46.2% | PE24.5x | |
| ENRG Energix - Renewable Energies | ₪13.45 | 9.1% +₪620.0m | -0.7% | PE24.7x | |
| DORL Doral Group Renewable Energy Resources | ₪16.53 | 6.0% +₪165.6m | 63.7% | PS8.3x |
