Kenon Holdings Ltd. (KEN) AI Stock Analysis

Kenon Holdings Ltd., along with its subsidiaries, operates as a diversified company involved in power generation across Israel, the United States, and globally. The company operates through four key segments: OPC Israel, CPV Group, ZIM, and Quantum. Its operations include the generation and distribution of electricity from renewable energy sources and conventional natural gas-fired plants, alongside automobile manufacturing and container liner shipping services. The company develops, constructs, and manages power assets, and as of the end of 2021, maintained an installed capacity of approximately 610 megawatts and a fleet of 118 vessels. It operates as a subsidiary of Ansonia Holdings Singapore B.V.

Kenon expanded annual revenue from $487.8M in FY2021 to $871.9M in FY2025, reflecting a 5-year revenue CAGR of 17.7%. Top-line growth stood at 16.1% in FY2025, up from 8.6% in FY2024. Operating margins fluctuated from 4.8% in FY2021 down to 0.5% in FY2022 before recovering to 7.2% in FY2025. Annual net income has experienced significant shifts, posting $930.3M in FY2021, a loss of -$236.0M in FY2023, and $66.3M in FY2025. Over the trailing twelve months, revenue reached $1.19B with an operating margin of 9.5% and diluted EPS of $2.29. For the quarter ended June 30, 2026, revenue increased 93.4% year-over-year and earnings rose 803.1%.

As of June 30, 2026, Kenon held $1.77B in cash and short-term investments against total debt of $3.15B, leaving net debt at $1.38B. The company maintained a current ratio of 3.22, a debt-to-equity ratio of 2.02, and total assets of $7.25B against $1.56B in shareholders' equity. In FY2025, operating cash flow was $283.8M and free cash flow was $167.4M. Capital expenditures totaled $116.4M in FY2025, while the company returned capital through $9.6M in share buybacks and $267.9M in dividends paid.

Kenon trades at a trailing price-to-earnings ratio of 27.7x, compared to the median of 20.6x for its US-listed Utilities peers. Its enterprise value stands at $4.80B with an EV-to-EBITDA multiple of 11.3x, below the peer group median of 12.1x. The company's price-to-sales ratio is 2.9x versus the peer median of 2.4x. Kenon's stock price gained 35.7% over the past year, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, the stock returned 211.9% compared to 83.0% for the benchmark index.

Kenon pays an annual forward dividend of $3.85 per share, representing a dividend yield of 6.07% as of October 16, 2026. The dividend has been paid for 9 consecutive years, delivering a 5-year annualized dividend growth rate of 16.6%. The company's payout ratio is 1.7%, and its last ex-dividend date was April 13, 2026.

Wall Street analysts have set a mean price target of $29.85 for Kenon, which sits 52.9% below its last closing price of $63.44 on October 16, 2026. The company is scheduled to report its next earnings on December 2, 2026.

This page is an AI-written research summary of Kenon Holdings Ltd. (KEN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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