Kenon Holdings Ltd.
Kenon Holdings Ltd. is a Singapore-based holding company focused on dynamic, growth-oriented businesses in the energy, infrastructure, and shipping sectors. Its core interests center on OPC Energy, a power generation platform with operations in Israel and the United States, where it is involved in electricity generation, plant development, and energy supply. The company also holds interests in businesses tied to conventional and renewable power, as well as global container shipping through ZIM Integrated Shipping Services. Kenon Holdings Ltd. operates as a portfolio owner and capital allocator, using equity stakes in operating companies to participate in electricity markets, energy infrastructure, and international logistics. Its structure gives it exposure to essential industries with long operating lifecycles and recurring demand characteristics.
$65.64
+$2.48 (+3.93%)
EOD Oct 21, 2026
Operating margin is thin at 7.15%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 16.1%, still solid.
Even for strong businesses, today's 25x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
24.7x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.19B
▲ +16.1% YoY
Net Income (TTM)
$203M
▼ -76.6% YoY
Op. Margin
8.02%
▲ +0.8pp YoY
ROIC
1.18%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$253M
▲ +321.5% YoY
Op. Cash Flow (TTM)
$244M
▼ -66.4% YoY
Net Debt
$194M
Cash & Equiv.
$1.59B
3Y CAGR: +15.0%
3Y CAGR: -30.1%
Continue Research
Is Kenon Holdings (KEN) overvalued?
At a P/E of 24.7, Kenon Holdings (KEN)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Kenon Holdings scores 48/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Kenon Holdings a high-quality business?+
Kenon Holdings scores 48 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 8.0% operating margin and a 1.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Kenon Holdings (KEN) pay a dividend, and how much?+
Yes, Kenon Holdings pays a regular dividend of about $3.85 per share per year (typically in quarterly installments), a yield of roughly 5.9% at the current price. That is a payout ratio of about 98.0% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For KEN's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Kenon Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh KEN's valuation and scores 48/100 on quality (mixed). It also yields about 5.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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