Kenon Holdings (KEN) - Net Assets

Latest as of September 2025: ILA2.94 Billion ILA ≈ $7.88 Million USD

Based on the latest financial reports, Kenon Holdings (KEN) has net assets worth ILA2.94 Billion ILA (≈ $7.88 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA4.69 Billion ≈ $12.57 Million USD) and total liabilities (ILA1.75 Billion ≈ $4.69 Million 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. Also explore KEN current and non-current assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA2.94 Billion
% of Total Assets	62.67%
Annual Growth Rate	9.8%
5-Year Change	108.43%
10-Year Change	110.48%
Growth Volatility	92872.23

Kenon Holdings - Net Assets Trend (2013–2024)

This chart illustrates how Kenon Holdings's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see KEN market cap overview.

Annual Net Assets for Kenon Holdings (2013–2024)

The table below shows the annual net assets of Kenon Holdings from 2013 to 2024. Explore cash flow conversion of Kenon Holdings to assess how effectively this company generates cash.

Year	Net Assets	Change
2024-12-31	ILA2.66 Billion ≈ $7.13 Million	+28.47%
2023-12-31	ILA2.07 Billion ≈ $5.55 Million	-9.83%
2022-12-31	ILA2.30 Billion ≈ $6.16 Million	+0.69%
2021-12-31	ILA2.28 Billion ≈ $6.11 Million	+78.71%
2020-12-31	ILA1.28 Billion ≈ $3.42 Million	+79.27%
2019-12-31	ILA711.79 Million ≈ $1.91 Million	-0.55%
2018-12-31	ILA715.72 Million ≈ $1.92 Million	-31.90%
2017-12-31	ILA1.05 Billion ≈ $2.82 Million	+17.56%
2016-12-31	ILA894.00 Million ≈ $2.40 Million	-29.25%
2015-12-31	ILA1.26 Billion ≈ $3.39 Million	+323059.85%
2014-12-31	ILA391.00K ≈ $1.05K	-99.96%
2013-12-31	ILA951.18 Million ≈ $2.55 Million	--

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	ILA1.49 Billion	92.74%
Common Stock	ILA50.13 Million	3.12%
Other Comprehensive Income	ILA66.57 Million	4.14%
Total Equity	ILA1.61 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
Ajanta Pharma Limited NSE:AJANTPHARM	$3.81 Billion
Graham Holdings Co NYSE:GHC	$3.81 Billion
Jointown Pharmaceutical Group Co Ltd SHG:600998	$3.81 Billion
China Galaxy Securities Co Ltd F:CGL	$3.82 Billion
Amneal Pharmaceuticals, Inc. Class A Common Stock NASDAQ:AMRX	$3.81 Billion
KENON HLDGS LTD F:76N	$3.81 Billion
Huaan Securities Co Ltd SHG:600909	$3.81 Billion
Laboratorios Farmaceuticos ROVI MC:ROVI	$3.81 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	ILA597.67 Million	+37.17%
Dividends Paid	ILA200.55 Million	-12.47%
Share Repurchases	ILA10.71 Million	-0.67%
Other Comprehensive Income	ILA440.00K	+0.03%
Other Changes	ILA17.75 Million	+1.1%
Total Change	ILA-	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: 894.01x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 2039.86x to 894.01x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	ILA13.37	ILA27270.00	x
2014-12-31	ILA0.01	ILA27270.00	x
2015-12-31	ILA19.76	ILA27270.00	x
2016-12-31	ILA12.68	ILA27270.00	x
2017-12-31	ILA18.25	ILA27270.00	x
2018-12-31	ILA12.06	ILA27270.00	x
2019-12-31	ILA11.57	ILA27270.00	x
2020-12-31	ILA19.80	ILA27270.00	x
2021-12-31	ILA33.29	ILA27270.00	x
2022-12-31	ILA29.66	ILA27270.00	x
2023-12-31	ILA22.55	ILA27270.00	x
2024-12-31	ILA30.50	ILA27270.00	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 (9971.52%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-88.44%	-72.26%	0.15x	8.39x	ILA-702.51 Million
2014	119574.94%	34.07%	1807.94x	1.94x	ILA467.50 Million
2015	6.88%	5.66%	0.29x	4.22x	ILA-33.13 Million
2016	-60.50%	-21.99%	0.36x	7.54x	ILA-480.10 Million
2017	24.11%	64.75%	0.14x	2.57x	ILA138.70 Million
2018	66.90%	119.29%	0.25x	2.24x	ILA369.31 Million
2019	-2.14%	-3.58%	0.25x	2.42x	ILA-75.69 Million
2020	47.53%	131.37%	0.16x	2.33x	ILA400.41 Million
2021	51.86%	190.72%	0.12x	2.27x	ILA750.90 Million
2022	19.57%	54.47%	0.15x	2.36x	ILA152.85 Million
2023	-19.61%	-34.11%	0.17x	3.41x	ILA-356.31 Million
2024	37.17%	79.55%	0.18x	2.62x	ILA436.88 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: $6,421,000,000
Average return on equity (ROE) among peers: 1.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kenon Holdings (KEN)	ILA2.94 Billion	-88.44%	0.60x	$3.81 Billion
OPC Energy Ltd (OPCE)	$6.42 Billion	1.73%	0.88x	$10.01 Billion

About Kenon Holdings

TA:KEN Israel Utilities - Independent Power Producers

Market Cap

$3.81 Billion

ILA1.42 Trillion ILA

Market Cap Rank

#4269 Global

#27 in Israel

Share Price

ILA27270.00

Change (1 day)

+2.67%

52-Week Range

ILA10740.00 - ILA27270.00

All Time High

ILA27270.00