Kenon Holdings Valuation
Is KEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of KEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KEN (₪108.5) is trading below our estimate of fair value (₪329.76)
Significantly Below Fair Value: KEN is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KEN?
Key metric: As KEN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is KEN's PE Ratio? | |
|---|---|
| PE Ratio | 9.4x |
| Earnings | US$170.02m |
| Market Cap | US$1.60b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.6x |
| Enterprise Value/EBITDA | 22.7x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does KEN's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 41.7x | ||
OPCE OPC Energy | 72.6x | n/a | ₪7.7b |
ENRG Energix - Renewable Energies | 26x | n/a | ₪6.7b |
ENLT Enlight Renewable Energy | 39.7x | -59.4% | ₪6.9b |
DORL Doral Group Renewable Energy Resources | 28.4x | n/a | ₪2.2b |
KEN Kenon Holdings | 9.4x | n/a | ₪5.7b |
Price-To-Earnings vs Peers: KEN is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (41.7x).
Price to Earnings Ratio vs Industry
How does KEN's PE Ratio compare vs other companies in the Asian Renewable Energy Industry?
| 11 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 11 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: KEN is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Asian Renewable Energy industry average (14.7x).
Price to Earnings Ratio vs Fair Ratio
What is KEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 9.4x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KEN's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.