Kenon Holdings Ltd
NYSE:KEN

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Kenon Holdings Ltd
NYSE:KEN
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Price: 88.58 USD 5.57% Market Closed
Market Cap: $4.6B

P/B

2.9
Current
154%
More Expensive
vs 3-y average of 1.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.9
=
Market Cap
$4.2B
/
Total Equity
$1.6B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2.9
=
Market Cap
$4.2B
/
Total Equity
$1.6B

Valuation Scenarios

Kenon Holdings Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.1), the stock would be worth $34.85 (61% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-68%
Maximum Upside
No Upside Scenarios
Average Downside
54%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.9 $88.58
0%
3-Year Average 1.1 $34.85
-61%
5-Year Average 0.9 $27.98
-68%
Industry Average 2 $62.04
-30%
Country Average 1.2 $37.08
-58%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
SG
Kenon Holdings Ltd
NYSE:KEN
4.6B USD 2.9 69.6
US
Vistra Corp
NYSE:VST
54.5B USD 10.7 72.4
SA
ACWA Power Co
SAU:2082
184.5B SAR 6.4 99.6
IN
Adani Power Ltd
NSE:ADANIPOWER
4.3T INR 7.4 37.6
IN
NTPC Ltd
NSE:NTPC
3.9T INR 2.1 16.4
CN
CGN Power Co Ltd
SZSE:003816
237.8B CNY 1.9 24.4
CN
China National Nuclear Power Co Ltd
SSE:601985
187B CNY 1.6 21.7
TH
Gulf Energy Development PCL
SET:GULF
855.3B THB 6.9 40
DE
Uniper SE
XETRA:UN0
17.3B EUR 1.5 12.4
US
Talen Energy Corp
NASDAQ:TLN
16.5B USD 15.3 -76.2
CN
SDIC Power Holdings Co Ltd
SSE:600886
108.9B CNY 1.5 16.7

Market Distribution

Higher than 81% of companies in Singapore
Percentile
81st
Based on 580 companies
81st percentile
2.9
Low
0 — 0.8
Typical Range
0.8 — 1.9
High
1.9 —
Distribution Statistics
Singapore
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 1.9
Max 474.4

Kenon Holdings Ltd
Glance View

Market Cap
4.6B USD
Industry
Utilities

Kenon Holdings Ltd. emerged as a compelling player on the global stage, weaving a narrative defined by strategic diversification and steady value generation. Originally spun off as a separate entity by Israel Corp, one of Israel’s largest holding companies, Kenon's structure is built around leveraging its core investments in energy and shipping sectors. The company is primarily anchored by its significant stake in OPC Energy, a firm focused on generating and selling electricity in Israel, which aligns with the increasing demand for reliable energy solutions. OPC Energy’s portfolio consists of power plants that serve as critical infrastructure, helping fuel robust revenue streams through long-term power purchase agreements. These agreements provide a stable cash flow, reinforcing Kenon’s financial foundation and allowing it to strategically reinvest or distribute returns to its shareholders. In addition to its energy ventures, Kenon Holdings has interests that span global geographies and industries, the most notable of which is its stake in ZIM Integrated Shipping Services. ZIM, an international shipping company, has adeptly navigated the volatile waters of global trade, capitalizing on market opportunities through a fleet that services major routes with efficiency and precision. The shipping business, bolstered by Kenon’s investment acumen, has managed to capitalize on the cyclical nature of maritime transport, reaping benefits during peak periods of trade activity and strategic cost management. This symbiotic approach across distinct markets illustrates Kenon’s business ethos: a balanced portfolio that mitigates risk while positioning itself for substantial growth. As a holding company, Kenon continues to explore and tactically manage its investments, ensuring its story is one of resilience and forward-looking ambition in an ever-evolving economic landscape.

KEN Intrinsic Value
35.47 USD
Overvaluation 60%
Intrinsic Value
Price $88.58
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