Kenon Holdings Reports Q3 Earnings Growth
December 4, 2023
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This is a significant achievement given the economic uncertainty caused by the ongoing pandemic. In the third quarter, Kenon ($NYSE:KEN)’s largest segment, its energy business, saw a 6% increase in revenues compared to the same quarter last year. Kenon attributed this to strong performance across its operations in the U.S., Europe and Africa.
Overall, Kenon’s financial performance was strong in Q3, especially when considering the challenging economic environment. This should give investors confidence that Kenon is well positioned to continue to grow and meet its goals for the future.
Earnings
KENON HOLDINGS reported an 18.4% decrease in total revenue and a 25.9% decrease in net income for the quarter ending September 30 2021, compared to the same period last year. The total revenue was 133.0M USD and the net income was 186.0M USD. Despite these decreases, total revenue has grown significantly over the last 3 years, from 133.0M USD to 229.0M USD. This indicates a positive outlook for KENON HOLDINGS in the near future, provided it continues to build on its current earnings and revenue growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kenon Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 685.96 | -1.09k | -80.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kenon Holdings. More…
| Operations | Investing | Financing |
| 313.38 | -384.44 | 162.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kenon Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.92k | 1.85k | 22.27 |
Key Ratios Snapshot
Some of the financial key ratios for Kenon Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.7% | -22.5% | -141.7% |
| FCF Margin | ROE | ROA |
| 9.1% | -46.4% | -15.5% |
Stock Price
On Thursday, KENON HOLDINGS reported its third quarter earnings and saw a 1.9% decrease in their stock price, opening at $22.2 and closing at $21.8. This was a decline from the previous closing price of $22.2. Overall, KENON HOLDINGS reported strong growth in their third quarter earnings and saw an increase in total revenue. Despite the decline in their stock price, the company’s outlook remains positive for the coming quarters. Live Quote…
Analysis
GoodWhale has analyzed the financials of KENON HOLDINGS to provide an insight into the fundamentals of the company. From the Star Chart, it was clear that KENON HOLDINGS is strong in terms of its dividend, and medium in terms of growth and profitability. In terms of health, KENON HOLDINGS has an intermediate score of 6/10 with regard to its cashflows and debt, suggesting that the company may be able to sustain future operations in times of crisis. Furthermore, the analysis classified KENON HOLDINGS as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be attractive to investors looking for higher returns, but with an awareness of the associated risks. More…
Peers
Kenon Holdings Ltd faces a highly competitive market, with several competitors such as B.Grimm Power PCL, Electricity Generating PCL, and Ze Pak SA vying for market share. Despite the fiercely competitive landscape, Kenon Holdings Ltd continues to excel by providing innovative products and services to its customers.
– B.Grimm Power PCL ($SET:BGRIM)
B.Grimm Power PCL is a leading energy and infrastructure development company based in Thailand and has operations across Asia. The company has a strong presence in the energy sector, with a focus on renewable and conventional energy production, and infrastructure projects. Its current market capitalization stands at 104.28B and has a Return on Equity (ROE) of 5.85%. This indicates that the company enjoys a healthy financial standing and is able to generate returns for its shareholders. B.Grimm Power PCL is also aiming to expand its power generation capacity and increase its presence in the renewable energy sector.
– Electricity Generating PCL ($SET:EGCO)
Electricity Generating PCL is a Thailand based electric power generating company that has been in business since 1992. It is one of the largest electric power generating companies in Southeast Asia and is listed on the Stock Exchange of Thailand. As of 2023, the company has a market capitalization of 82.13 billion baht, making it one of the largest companies on the exchange. Additionally, Electricity Generating PCL has a Return on Equity (ROE) of 3.31%, which is considered to be above average. This shows that the company is able to generate a healthy return on its equity and shareholders have benefited from this in the form of steady dividend payments.
– Ze Pak SA ($LTS:0QBJ)
Pak SA is a South-African based company that specializes in consumer packaged goods. It is one of the leading companies in the country, and its market cap has grown significantly over the years. As of 2023, the market cap of Pak SA stands at 216.33M, indicating a strong presence in the market. Its Return on Equity (ROE) stands at -13.64%, which implies that the company is not generating an adequate return from its invested capital. Nevertheless, Pak SA has been able to maintain a positive reputation in the consumer packaged goods sector.
Summary
KENON HOLDINGS recently reported their Q3 earnings. Overall, KENON HOLDINGS’ Q3 earnings show strong financial performance and demonstrate potential for future growth.
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