Be Wary Of Kenon Holdings (TLV:KEN) And Its Returns On Capital
Jan 26
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Israeli (TA) Utilities Sector Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies13
- 7D-0.4%
- 3M44.9%
- 1Y151.4%
- YTD16.4%
In the last week, the Utilities industry is flat overall, with Kenon Holdings standing out by going down 3.7%. As for the the longer term, the industry is up 151% over the past 12 months. Earnings are forecast to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | ₪102.6b | ₪9.0b | ₪1.8b | 52.1x | 58.1x | 11.4x |
| Thu, 01 Jan 2026 | ₪83.9b | ₪9.1b | ₪1.8b | 40.7x | 46.1x | 9.2x |
| Sat, 29 Nov 2025 | ₪73.3b | ₪9.0b | ₪2.2b | 32.7x | 34x | 8.1x |
| Mon, 27 Oct 2025 | ₪65.8b | ₪8.9b | ₪2.0b | 39.8x | 32.7x | 7.4x |
| Wed, 24 Sep 2025 | ₪56.4b | ₪9.0b | ₪2.1b | 34.3x | 27.5x | 6.3x |
| Fri, 22 Aug 2025 | ₪55.1b | ₪9.0b | ₪2.6b | 59.2x | 20.8x | 6.1x |
| Sun, 20 Jul 2025 | ₪52.0b | ₪8.8b | ₪2.8b | 33.4x | 18.8x | 5.9x |
| Tue, 17 Jun 2025 | ₪43.9b | ₪9.0b | ₪2.8b | 25.5x | 15.6x | 4.9x |
| Thu, 15 May 2025 | ₪41.5b | ₪9.0b | ₪3.1b | 19x | 13.5x | 4.6x |
| Sat, 12 Apr 2025 | ₪36.5b | ₪9.1b | ₪2.9b | 25.8x | 12.5x | 4x |
| Mon, 10 Mar 2025 | ₪38.7b | ₪9.1b | ₪1.4b | 18.4x | 28x | 4.3x |
| Wed, 05 Feb 2025 | ₪37.7b | ₪8.8b | ₪1.3b | 22.8x | 29x | 4.3x |
| Fri, 03 Jan 2025 | ₪39.4b | ₪8.9b | ₪1.3b | 23x | 29.9x | 4.4x |
| Sun, 01 Dec 2024 | ₪37.0b | ₪9.5b | -₪275,944,805.37 | 26x | -134.1x | 3.9x |
| Tue, 29 Oct 2024 | ₪37.0b | ₪8.5b | ₪345.8m | 32.1x | 107x | 4.3x |
| Thu, 26 Sep 2024 | ₪36.8b | ₪8.6b | ₪348.2m | 32.8x | 105.6x | 4.3x |
| Sat, 24 Aug 2024 | ₪34.2b | ₪8.4b | -₪51,916,319.28 | 31.2x | -659x | 4.1x |
| Mon, 22 Jul 2024 | ₪35.4b | ₪8.1b | -₪98,977,813.90 | 30.8x | -357.8x | 4.4x |
| Wed, 19 Jun 2024 | ₪35.5b | ₪8.0b | -₪148,339,197.50 | 46.2x | -239.3x | 4.4x |
| Fri, 17 May 2024 | ₪36.9b | ₪7.6b | -₪118,040,458.75 | 33.9x | -312.7x | 4.8x |
| Sun, 14 Apr 2024 | ₪32.9b | ₪7.6b | -₪86,503,579.33 | 36.3x | -380.4x | 4.3x |
| Tue, 12 Mar 2024 | ₪34.7b | ₪7.5b | -₪2,752,714,223.64 | 29.2x | -12.6x | 4.6x |
| Thu, 08 Feb 2024 | ₪35.4b | ₪7.8b | -₪3,053,139,306.44 | 31.5x | -11.6x | 4.6x |
| Sat, 06 Jan 2024 | ₪36.7b | ₪7.8b | -₪3,075,935,513.00 | 32.7x | -11.9x | 4.7x |
| Mon, 04 Dec 2023 | ₪32.0b | ₪7.7b | -₪2,231,107,525.00 | 27.1x | -14.3x | 4.1x |
| Wed, 01 Nov 2023 | ₪27.6b | ₪7.5b | -₪1,840,322,640.00 | 20.4x | -15x | 3.7x |
| Fri, 29 Sep 2023 | ₪31.6b | ₪7.1b | -₪2,048,574,716.00 | 28.2x | -15.4x | 4.5x |
| Sun, 27 Aug 2023 | ₪32.3b | ₪6.9b | -₪723,456,004.00 | 28.8x | -44.7x | 4.7x |
| Tue, 25 Jul 2023 | ₪34.4b | ₪6.3b | -₪733,002,478.00 | 35.2x | -46.9x | 5.4x |
| Thu, 22 Jun 2023 | ₪32.6b | ₪6.3b | -₪750,641,383.00 | 25x | -43.4x | 5.2x |
| Sat, 20 May 2023 | ₪34.7b | ₪6.3b | ₪2.7b | 18.8x | 12.8x | 5.5x |
| Mon, 17 Apr 2023 | ₪33.5b | ₪6.1b | ₪1.5b | 33.3x | 22.5x | 5.5x |
| Wed, 15 Mar 2023 | ₪34.3b | ₪5.8b | ₪5.8b | 65.2x | 5.9x | 5.9x |
| Fri, 10 Feb 2023 | ₪35.6b | ₪5.6b | ₪5.5b | 71.1x | 6.4x | 6.3x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are optimistic on the Israeli Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 58.1x which is higher than its 3-year average PE of -14.5x.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 11.4x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have declined 32% per year over the last three years.
- Meanwhile revenues for these companies have grown 17% 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 | -0.91% | |
| Utilities | -0.37% | |
| Electric Utilities | 0% | 0 |
| Other Utilities | 0% | 0 |
| Renewable Energy | -0.37% | |
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 growth of 29.9%, which is lower than the prior year's growth of 152.7% per year.
- Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 153% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow 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 | |
|---|---|---|---|---|---|
| ENLT Enlight Renewable Energy | ₪181.40 | 1.4% +₪330.3m | 217.7% | PE62.9x | |
| ECNR Econergy Renewable Energy | ₪60.06 | 3.7% +₪144.4m | 131.9% | PS299.7x | |
| ZPRS Zephyrus Wing Energies | ₪26.93 | 4.0% +₪67.6m | 89.5% | PE778.9x | |
| NOFR O.Y. Nofar Energy | ₪157.00 | 0.6% +₪62.1m | 79.3% | PS17.9x | |
| PRIM Prime Energy P.E | ₪26.14 | 2.9% +₪27.2m | 116.4% | PS41.6x |
