KEN
Kenon Holdings Ltd.
There isn't enough reported data to score KEN yet.
KEN Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Weak | |
| Under pressure |
KEN's revenue is currently strong, and its profitability is stable, but its cash flow and balance sheet are under pressure.
KEN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.7x | $6.15 | -90% |
| Fair | 4.7x | $10.63 | -83% |
| Current | 28x | $62.02 | — |
| Expensive | 44x | $98.31 | +59% |
Historical ranges are pointers, not guarantees.
KEN's PE is 28x, but its earnings don't support one, so it isn't a reliable read right now.
KEN Forward outlook
There aren't enough analyst estimates for KEN to show an outlook.
KEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.25 | -76% |
| Q1 2026 | $1.51 | -87% |
| Q4 2025 | $1.24 | -89% |
| Q3 2025 | $9.02 | +180% |
| Q2 2025 | $9.38 | +$10.77 |
| Q1 2025 | $11.41 | +$15.49 |
| Q4 2024 | $11.34 | +$15.72 |
| Q3 2024 | $3.22 | +$23.23 |
KEN's earnings per share have fallen from their peak: $2.25 over the past year, against $28.37 in late 2022.
KEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $379M | +93% |
| Q1 2026 | $317M | +73% |
| Q4 2025 | $227.9M | +43% |
| Q3 2025 | $265M | +12% |
| Q2 2025 | $196M | +8.3% |
| Q1 2025 | $183M | +5.2% |
| Q4 2024 | $159.3M | +5.6% |
| Q3 2024 | $237M | +3.5% |
KEN's revenue has grown year over year every quarter since late 2020: $379M last quarter, up 93% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 15% | +16 points |
| Q1 2026 | 1.3% | -3.7 points |
| Q4 2025 | 9.4% | +13 points |
| Q3 2025 | 13% | -2.8 points |
| Q2 2025 | -1% | -6 points |
| Q1 2025 | 4.9% | +1.5 points |
| Q4 2024 | -3.5% | -9.1 points |
| Q3 2024 | 16% | +1.6 points |
KEN's operating margin was 15% last quarter, up 16 points from the same quarter a year ago.
KEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$239M | -$233M |
| Q1 2026 | -$144M | -394% |
| Q4 2025 | $53.4M | +47% |
| Q3 2025 | $71M | +$133M |
| Q2 2025 | -$6M | +$45M |
| Q1 2025 | $49M | +$59M |
| Q4 2024 | $36.4M | +$158.9M |
| Q3 2024 | -$62M | -543% |
KEN's free cash flow was −$259M over the past year, against $17M the year before.
KEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -953K shares |
| 1 year | +4.2% | +2.1M shares |
| 3 years | -3.3% | -1.8M shares |
| 5 years | -3.1% | -1.6M shares |
| Available history | -1.4% | -722K shares |
KEN has 52M diluted shares, up 4.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $394,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $10M |
| Q4 2024 | $8.7M |
| Q3 2024 | — |
KEN has spent almost nothing on buybacks in the past year.
KEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.8x | Elevated |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.0x | Very low |
| Q3 2024 | 2.3x | Moderate |
KEN's net debt is about 3.8 years of its operating earnings (EBITDA), up from 2.9 years a year ago.
KEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.6 | Neutral |
| Stochastic | 26.8 | Neutral |
KEN's weekly RSI is 44 (neutral) and its Stochastic is 27 (neutral).
KEN PE vs Utilities Sector
| Metric | KEN | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 20x | 35% above |
| PE % | 79 | 44 | 35 pts above |
KEN is trading at 28x earnings, a 35% premium to the Utilities sector's median of 20x, though its earnings don't support one.
KEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $61.9 | 0.2% above |
| 20 week MA | $64.9 | 4.5% below |
| 50 week MA | $72.1 | 14% below |
| 100 week MA | $55.8 | 11% above |
| 200 week MA | $40.6 | 53% above |
KEN's trend is mixed: it's above three of its five weekly moving averages, and 53% above its 200-week average.
KEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.2 | $28.0 | +32% |
| 2021 | $28.0 | $47.1 | +68% |
| 2022 | $47.1 | $32.6 | -31% |
| 2023 | $32.6 | $24.3 | -25% |
| 2024 | $24.3 | $31.6 | +30% |
| 2025 | $31.6 | $64.3 | +104% |
| 2026 YTD | $64.3 | $62.0 | -3.5% |
KEN has finished higher in four of the last six years, two of them by more than 50%. It's down 3.5% so far in 2026.