| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
KEGN Overview
Kenya Electricity Generating Company PLC generates and sells electricity in Kenya and East Africa.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | KSh4.72 |
| 52 Week High | KSh3.90 |
| 52 Week Low | KSh5.50 |
| Beta | 0.18 |
| 1 Month Change | -0.63% |
| 3 Month Change | 9.26% |
| 1 Year Change | -7.81% |
| 3 Year Change | -36.64% |
| 5 Year Change | -19.32% |
| Change since IPO | -88.20% |
Recent News & Updates
Shareholder Returns
| KEGN | KE Renewable Energy | KE Market | |
|---|---|---|---|
| 7D | 3.3% | -1.0% | 0.1% |
| 1Y | -7.8% | 14.0% | 28.0% |
Return vs Industry: KEGN underperformed the KE Renewable Energy industry which returned 14% over the past year.
Return vs Market: KEGN underperformed the KE Market which returned 28% over the past year.
Price Volatility
| KEGN volatility | |
|---|---|
| KEGN Beta | 0.18 |
| Industry Beta | 0.62 |
| Market Beta | 1 |
Stable Share Price: KEGN is not significantly more volatile than the rest of KE stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: KEGN's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1954 | 2,362 | Rebecca Miano | https://www.kengen.co.ke |
Kenya Electricity Generating Company PLC generates and sells electricity in Kenya and East Africa. The company develops, manages, and operates hydro, thermal, geothermal, and wind power generation plants with a combined installed capacity of 1,817.82 megawatts. It also provides geothermal consultancy services.
Kenya Electricity Generating Fundamentals Summary
| KEGN fundamental statistics | |
|---|---|
| Market Cap | KSh31.39b |
| Earnings (TTM) | KSh15.26b |
| Revenue (TTM) | KSh43.55b |
2.0x
P/E Ratio0.7x
P/S RatioIs KEGN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KEGN income statement (TTM) | |
|---|---|
| Revenue | KSh43.55b |
| Cost of Revenue | KSh6.61b |
| Gross Profit | KSh36.95b |
| Expenses | KSh21.68b |
| Earnings | KSh15.26b |
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.31 |
| Gross Margin | 84.83% |
| Net Profit Margin | 35.04% |
| Debt/Equity Ratio | 0.0% |
How did KEGN perform over the long term?
See historical performance and comparisonDividends
6.4%
Current Dividend Yield13%
Payout RatioValuation
Is Kenya Electricity Generating undervalued compared to its fair value and its price relative to the market?
33.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEGN (KES4.72) is trading below our estimate of fair value (KES7.11)
Significantly Below Fair Value: KEGN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEGN is good value based on its PE Ratio (2x) compared to the Global Renewable Energy industry average (17.5x).
PE vs Market: KEGN is good value based on its PE Ratio (2x) compared to the KE market (6.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KEGN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KEGN is good value based on its PB Ratio (0.1x) compared to the XF Renewable Energy industry average (0.6x).
Future Growth
How is Kenya Electricity Generating forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
4.9%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if KEGN's forecast earnings growth is above the savings rate (12.6%).
Earnings vs Market: Insufficient data to determine if KEGN's earnings are forecast to grow faster than the KE market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KEGN's revenue (4.9% per year) is forecast to grow slower than the KE market (9.5% per year).
High Growth Revenue: KEGN's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEGN's Return on Equity is forecast to be low in 3 years time (7.1%).
Past Performance
How has Kenya Electricity Generating performed over the past 5 years?
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEGN has high quality earnings.
Growing Profit Margin: KEGN's current net profit margins (35%) are higher than last year (25.9%).
Past Earnings Growth Analysis
Earnings Trend: KEGN's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: KEGN's earnings growth over the past year (27.5%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: KEGN earnings growth over the past year (27.5%) exceeded the Renewable Energy industry 14.4%.
Return on Equity
High ROE: KEGN's Return on Equity (7.1%) is considered low.
Financial Health
How is Kenya Electricity Generating's financial position?
Financial Position Analysis
Short Term Liabilities: KEGN's short term assets (KES41.5B) exceed its short term liabilities (KES28.1B).
Long Term Liabilities: KEGN's short term assets (KES41.5B) do not cover its long term liabilities (KES182.6B).
Debt to Equity History and Analysis
Debt Level: KEGN is debt free.
Reducing Debt: KEGN has no debt compared to 5 years ago when its debt to equity ratio was 127.6%.
Debt Coverage: KEGN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: KEGN has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Kenya Electricity Generating current dividend yield, its reliability and sustainability?
6.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KEGN's dividend (6.36%) is higher than the bottom 25% of dividend payers in the KE market (4.16%).
High Dividend: KEGN's dividend (6.36%) is low compared to the top 25% of dividend payers in the KE market (7.93%).
Stability and Growth of Payments
Stable Dividend: KEGN's dividend payments have been volatile in the past 10 years.
Growing Dividend: KEGN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.9%), KEGN's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEGN's dividends in 3 years are forecast to be well covered by earnings (15.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Rebecca Miano (55 yo)
4.17yrs
Tenure
KSh19,801,000
Compensation
Mrs. Rebecca Miano, MBS, has been Managing Director and Chief Executive Officer at Kenya Electricity Generating Company PLC since October 30, 2017. Mrs. Miano served as Acting Managing Director of Kenya El...
CEO Compensation Analysis
Compensation vs Market: Rebecca's total compensation ($USD178.31K) is below average for companies of similar size in the KE market ($USD542.33K).
Compensation vs Earnings: Rebecca's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: KEGN's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: KEGN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Kenya Electricity Generating Company PLC's employee growth, exchange listings and data sources
Key Information
- Name: Kenya Electricity Generating Company PLC
- Ticker: KEGN
- Exchange: NASE
- Founded: 1954
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: KSh31.390b
- Shares outstanding: 6.59b
- Website: https://www.kengen.co.ke
Number of Employees
Location
- Kenya Electricity Generating Company PLC
- KenGen Pension Plaza 2
- Kolobot Road
- Nairobi
- 100
- Kenya
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/22 15:39 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.