KENON HLDGS LTD (76N) - Net Assets
Based on the latest financial reports, KENON HLDGS LTD (76N) has net assets worth €3.18 Billion EUR (≈ $3.72 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.38 Billion ≈ $6.29 Billion USD) and total liabilities (€2.20 Billion ≈ $2.57 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of KENON HLDGS LTD to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.18 Billion |
| % of Total Assets | 59.19% |
| Annual Growth Rate | 8.71% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.13 |
KENON HLDGS LTD - Net Assets Trend (2021–2025)
This chart illustrates how KENON HLDGS LTD's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see KENON HLDGS LTD (76N) total market value.
Annual Net Assets for KENON HLDGS LTD (2021–2025)
The table below shows the annual net assets of KENON HLDGS LTD from 2021 to 2025. Also explore 76N net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.18 Billion ≈ $3.72 Billion |
+19.75% |
| 2024-12-31 | €2.66 Billion ≈ $3.11 Billion |
+28.47% |
| 2023-12-31 | €2.07 Billion ≈ $2.42 Billion |
-9.83% |
| 2022-12-31 | €2.30 Billion ≈ $2.68 Billion |
+0.69% |
| 2021-12-31 | €2.28 Billion ≈ $2.67 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to KENON HLDGS LTD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 27.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.45 Billion | 91.56% |
| Other Components | €134.06 Million | 8.44% |
| Total Equity | €1.59 Billion | 100.00% |
KENON HLDGS LTD Competitors by Market Cap
The table below lists competitors of KENON HLDGS LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Schneider Electric Infrastructure Limited
NSE:SCHNEIDER
|
$3.14 Billion |
|
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco
F:RJ8
|
$3.14 Billion |
|
Central Depository Services (India) Limited
NSE:CDSL
|
$3.14 Billion |
|
Bravida Holding AB
ST:BRAV
|
$3.15 Billion |
|
Zhengzhou Coal Mining Machinery Group Co Ltd
SHG:601717
|
$3.14 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
$3.14 Billion |
|
Kadant Inc
NYSE:KAI
|
$3.14 Billion |
|
ROCKWOOL International A/S
CO:ROCK-B
|
$3.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KENON HLDGS LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,607,905,000 to 1,588,544,000, a change of -19,361,000 (-1.2%).
- Net income of 66,274,000 contributed positively to equity growth.
- Dividend payments of 267,940,000 reduced retained earnings.
- Share repurchases of 9,606,000 reduced equity.
- Other factors increased equity by 191,911,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €66.27 Million | +4.17% |
| Dividends Paid | €267.94 Million | -16.87% |
| Share Repurchases | €9.61 Million | -0.6% |
| Other Changes | €191.91 Million | +12.08% |
| Total Change | €- | -1.20% |
Book Value vs Market Value Analysis
This analysis compares KENON HLDGS LTD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.55x to 1.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €33.29 | €51.50 | x |
| 2022-12-31 | €29.66 | €51.50 | x |
| 2023-12-31 | €22.80 | €51.50 | x |
| 2024-12-31 | €30.69 | €51.50 | x |
| 2025-12-31 | €30.49 | €51.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KENON HLDGS LTD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.60%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.39x
- Recent ROE (4.17%) is below the historical average (18.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 51.86% | 190.72% | 0.12x | 2.25x | €750.90 Million |
| 2022 | 19.56% | 54.47% | 0.15x | 2.36x | €152.80 Million |
| 2023 | -19.61% | -34.11% | 0.17x | 3.41x | €-356.31 Million |
| 2024 | 37.17% | 79.55% | 0.18x | 2.62x | €436.88 Million |
| 2025 | 4.17% | 7.60% | 0.16x | 3.39x | €-92.58 Million |
Industry Comparison
This section compares KENON HLDGS LTD's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $72,794,168,420
- Average return on equity (ROE) among peers: 19.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KENON HLDGS LTD (76N) | €3.18 Billion | 51.86% | 0.69x | $3.14 Billion |
| AHT Syngas Technology NV (3SQ1) | $1.27 Million | 13.40% | 0.38x | $7.81 Million |
| CGN Power Co Ltd (94C) | $141.63 Billion | 6.75% | 1.77x | $3.65 Billion |
| Datang International Power Generation Co. Ltd (BJI) | $76.31 Billion | -0.54% | 3.00x | $2.07 Billion |
| CENTRICA ADR NEW 2004/4 (CENN) | $4.23 Billion | 92.82% | 4.05x | $11.61 Billion |
| CHINA RE.PO.HO.UNS.ADR/15 (CRP0) | $107.66 Billion | 2.42% | 1.67x | $10.01 Billion |
| Electricity Generating Public Company Limited (ECGF) | $100.85 Billion | 20.90% | 1.05x | $35.36K |
| Fernheizwerk Neukölln Aktiengesellschaft (FHW) | $47.35 Million | 15.38% | 0.29x | $44.16 Million |
| Huaneng Power International Inc (HUP1) | $151.62 Billion | 1.57% | 1.97x | $3.15 Billion |
About KENON HLDGS LTD
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel and the United States. It engages in the generation and supply of electricity, and energy; development, construction, operation of power plants, and energy generation facilities using natural gas and renewable energy; and management of solar and wind energy, and co… Read more