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Singapore-based holding company managing investment stakes, chiefly in Israeli power producer OPC Energy.
Singapore-based holding company managing investment stakes, chiefly in Israeli power producer OPC Energy.
Reported results are mostly those of OPC Energy, whose power plants in Israel and the US earn by selling electricity and capacity under contracts and in power markets, with Kenon's cash coming as dividends from OPC and from selling stakes. Spun out of Israel Corporation in 2014, it is controlled by Idan Ofer.
Moat: none. A holding company; value depends on the performance of underlying operating stakes, not its own operations.
Headquarters: Singapore · Founded: 2014 · Employees: 348
Size Kenon (KEN) is a United States Utilities company (Electric Utilities) with a market value of $2.99B, the 1556th largest of 3,117 United States companies the cockpit tracks. Shares closed at $57.44 on 6 Nov 2026.
Performance Over six months the shares fell 35.4%, against -14.0% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 53.4% over the last twelve months (peer median -0.9%); the operating margin is 8.1% (peer median 16.3%).
Valuation It trades at 5.2× enterprise value to sales against a peer median of 3.2× (5th most expensive of 21).
Capital Return on invested capital runs 7.1 points below its cost of capital (8.3% WACC).
Short interest Short interest is 0.1% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.19B | $872M | $751M | $692M | $574M |
| Revenue growth | — | +16% | +9% | +21% | — |
| Gross profit | $218M | $142M | $136M | $107M | $93.8M |
| EBITDA | $190M | $98.9M | $141M | $126M | $62.8M |
| Net income | $120M | $66.3M | $598M | -$236M | $313M |
| Free cash flow | -$222M | $204M | -$84.1M | -$65.5M | $497M |
| Capital expenditure | $496M | $116M | $341M | $332M | $270M |
| Total debt | $3.15B | $1.78B | $1.28B | $1.59B | $1.20B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Kenon KEN | $2.99B | -35% | +53% | 8% | 5.2× | n/a |
| Pampa Energia SA Sponsored ADR PAM | $3.78B | -19% | +29% | 21% | 2.1× | n/a |
| Enlight Renewable Energy ENLT | $9.57B | -25% | +29% | 51% | 24.7× | n/a |
| Ellomay Capital ELLO | n/a | -32% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KEN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -3.4% | 11th highest of 21 |
| 6-month return | -35.4% | -14.0% | lowest of 21 |
| Distance from 52-week high | -40.1% | -29.6% | 7th lowest of 21 |
| Revenue growth (TTM) | +53.4% | -0.9% | 2nd highest of 21 |
| Operating margin | 8.1% | 16.3% | 6th lowest of 20 |
| EV / Sales | 5.2× | 3.2× | 5th most expensive of 21 |
| ROIC minus cost of capital | -7.1 pp | -0.7 pp | 2nd lowest of 20 |
| EV / EBITDA | 32.7× | 10.3× | most expensive of 9 |
| Net debt / EBITDA | 7.3× | 3.3× | 2nd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kenon KEN | United States | $2.99B | -35% | +53% | 8% | 5.2× | n/a | n/a |
| CECEP Wind-Power 601016.SS | China | $3.00B | -28% | -8% | 24% | 9.7× | 2.0% | +11.0% |
| MGE Energy MGEE | United States | $3.03B | +9% | +8% | 23% | 5.0× | n/a | n/a |
| China Southern Power Grid Energy Efficiency & Clean Energy 003035.SZ | China | $2.89B | -31% | +10% | 18% | 8.4× | 11.6% | +12.9% |
| Enea ENA.WA | Poland | $2.80B | -3% | -11% | n/a | 0.4× | -7.7% | +9.1% |
| GEPIC Energy Development 000791.SZ | China | $3.23B | -18% | -30% | 40% | 4.5× | -7.8% | +32.3% |
| GCL Energy Technology 002015.SZ | China | $3.27B | -24% | -3% | 15% | 4.1× | n/a | n/a |
| Otter Tail OTTR | United States | $3.29B | -11% | +1% | 23% | 3.2× | n/a | n/a |
| Avista AVA | United States | $3.37B | -1% | -1% | 19% | 3.5× | n/a | n/a |
| NLC India NLCINDIA.NS | India | $3.50B | -28% | +17% | 18% | 3.4× | n/a | n/a |
| State Grid Information & Communication 600131.SS | China | $2.55B | -17% | +13% | 6% | 1.6× | 7.0% | +8.7% |
| Iren IRE.MI | Italy | $3.54B | -9% | -8% | 9% | 1.3× | 5.5% | +12.0% |
| An Hui Wenergy 000543.SZ | China | $2.52B | -8% | -18% | 11% | 3.1× | 1.3% | +10.4% |
| Guangzhou Development 600098.SS | China | $3.56B | -3% | +4% | 4% | 1.1× | -1.0% | +9.9% |
| Guangdong Electric Power Development 000539.SZ | China | $3.64B | -21% | +8% | -1% | 2.5× | 9.8% | +8.9% |
| Chugoku Electric Power 9504.T | Japan | $2.41B | +18% | 0% | 0% | 0.2× | n/a | n/a |
| SJVN SJVN.NS | India | $2.38B | -28% | +99% | 48% | 8.6× | n/a | n/a |
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 21% | 2.1× | n/a | n/a |
| SPIC Green Energy 000875.SZ | China | $2.34B | -34% | -4% | 16% | 6.0× | -0.2% | +5.6% |
| Shikoku Electric Power 9507.T | Japan | $2.33B | +24% | -3% | 6% | 1.6× | n/a | n/a |
| Drax DRX.L | United Kingdom | $3.88B | 0% | -8% | 9% | 0.8× | -0.2% | +4.8% |