Kenon Holdings
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
Kenon Holdings (KEN) - Net Assets
Latest net assets as of September 2025: $2.94 Billion USD
Based on the latest financial reports, Kenon Holdings (KEN) has net assets worth $2.94 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.69 Billion) and total liabilities ($1.75 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.94 Billion |
| % of Total Assets | 62.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | 108.43% |
| 10-Year Change | 110.48% |
| Growth Volatility | 106.05 |
Kenon Holdings - Net Assets Trend (2011–2024)
This chart illustrates how Kenon Holdings's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kenon Holdings (2011–2024)
The table below shows the annual net assets of Kenon Holdings from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.66 Billion | +28.47% |
| 2023-12-31 | $2.07 Billion | -9.83% |
| 2022-12-31 | $2.30 Billion | +0.69% |
| 2021-12-31 | $2.28 Billion | +78.71% |
| 2020-12-31 | $1.28 Billion | +79.27% |
| 2019-12-31 | $711.79 Million | -0.55% |
| 2018-12-31 | $715.72 Million | -31.90% |
| 2017-12-31 | $1.05 Billion | +17.56% |
| 2016-12-31 | $894.00 Million | -29.25% |
| 2015-12-31 | $1.26 Billion | -70.75% |
| 2014-12-31 | $4.32 Billion | +354.10% |
| 2013-12-31 | $951.18 Million | -34.31% |
| 2012-12-31 | $1.45 Billion | -- |
| 2011-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kenon Holdings'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 149119700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.49 Billion | 92.74% |
| Common Stock | $50.13 Million | 3.12% |
| Other Comprehensive Income | $66.57 Million | 4.14% |
| Total Equity | $1.61 Billion | 100.00% |
Kenon Holdings Competitors by Market Cap
The table below lists competitors of Kenon Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUB GROUP LTD.
F:A5H
|
$1.70 Billion |
|
Sunstone Hotel Investors Inc
NYSE:SHO
|
$1.70 Billion |
|
Ascott Residence Trust
PINK:ATTRF
|
$1.70 Billion |
|
Beiqi Foton Motor Co Ltd
SHG:600166
|
$1.70 Billion |
|
The Goodyear Tire & Rubber Company
MX:GT
|
$1.70 Billion |
|
BRD Groupe Societe Generale SA
RO:BRD
|
$1.70 Billion |
|
Grainger plc
PINK:GRGTF
|
$1.70 Billion |
|
OMV AG PK
PINK:OMVKY
|
$1.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kenon Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,203,309,000 to 1,607,905,000, a change of 404,596,000 (33.6%).
- Net income of 597,673,000 contributed positively to equity growth.
- Dividend payments of 200,551,000 reduced retained earnings.
- Share repurchases of 10,715,000 reduced equity.
- Other comprehensive income increased equity by 440,000.
- Other factors increased equity by 17,749,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $597.67 Million | +37.17% |
| Dividends Paid | $200.55 Million | -12.47% |
| Share Repurchases | $10.71 Million | -0.67% |
| Other Comprehensive Income | $440.00K | +0.03% |
| Other Changes | $17.75 Million | +1.1% |
| Total Change | $- | 33.62% |
Book Value vs Market Value Analysis
This analysis compares Kenon Holdings'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: 2.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $0.00 | $85.00 | x |
| 2012-12-31 | $22.72 | $85.00 | x |
| 2013-12-31 | $13.37 | $85.00 | x |
| 2014-12-31 | $0.01 | $85.00 | x |
| 2015-12-31 | $19.76 | $85.00 | x |
| 2016-12-31 | $12.68 | $85.00 | x |
| 2017-12-31 | $18.25 | $85.00 | x |
| 2018-12-31 | $12.06 | $85.00 | x |
| 2019-12-31 | $11.57 | $85.00 | x |
| 2020-12-31 | $19.81 | $85.00 | x |
| 2021-12-31 | $33.29 | $85.00 | x |
| 2022-12-31 | $29.66 | $85.00 | x |
| 2023-12-31 | $22.55 | $85.00 | x |
| 2024-12-31 | $30.50 | $85.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kenon Holdings 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): 37.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 79.55%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.62x
- Recent ROE (37.17%) is below the historical average (9201.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -37.29% | -78.37% | 0.10x | 4.93x | $-573.68 Million |
| 2013 | -88.44% | -72.26% | 0.15x | 8.39x | $-702.51 Million |
| 2014 | 119574.94% | 34.07% | 0.32x | 11047.83x | $467.50 Million |
| 2015 | 6.88% | 5.66% | 0.29x | 4.22x | $-33.13 Million |
| 2016 | -60.50% | -21.99% | 0.36x | 7.54x | $-480.10 Million |
| 2017 | 24.11% | 64.75% | 0.14x | 2.57x | $138.70 Million |
| 2018 | 66.90% | 119.29% | 0.25x | 2.24x | $369.31 Million |
| 2019 | -3.56% | -5.95% | 0.25x | 2.42x | $-84.55 Million |
| 2020 | 47.53% | 131.37% | 0.16x | 2.33x | $400.41 Million |
| 2021 | 51.86% | 190.72% | 0.12x | 2.27x | $750.90 Million |
| 2022 | 19.57% | 54.47% | 0.15x | 2.36x | $152.85 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 |
Industry Comparison
This section compares Kenon Holdings'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: $8,322,665,380
- Average return on equity (ROE) among peers: -32.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kenon Holdings (KEN) | $2.94 Billion | -37.29% | 0.60x | $1.70 Billion |
| AGL Energy Ltd (AGLXY) | $6.52 Billion | 6.30% | 1.16x | $3.74 Billion |
| Constellation Energy Corp (CEG) | $15.83 Billion | 7.11% | 2.10x | $104.28 Billion |
| CGN New Energy Holdings Co. Ltd (CGEGF) | $1.69 Billion | 15.85% | 3.95x | $289.43 Million |
| CGN Power Co. Ltd (CGNWF) | $24.05 Billion | 6.27% | 1.61x | $3.13 Billion |
| Capital Power Corporation (CPXWF) | $2.93 Billion | 4.64% | 2.04x | $4.85 Billion |
| Centrica plc (CPYYF) | $1.64 Billion | -9.44% | 5.75x | $8.61 Billion |
| China Resources Power Holdings Company Limited (CRPJF) | $30.16 Billion | 5.69% | 1.64x | $5.01 Billion |
| Digihost Technology Inc (DGHI) | $10.44 Million | -49.70% | 0.58x | $32.68 Million |
| Digi Power X Inc. (DGXX) | $9.18 Million | -315.50% | 0.74x | $63.31 Million |
| Energy World Corporation Ltd (EWCLF) | $390.67 Million | 5.31% | 0.59x | $5.35 Million |