Kenon Holdings (TLV:KEN) May Have Issues Allocating Its Capital
Oct 25
Israeli (TA) Utilities Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies14
- 7D-3.7%
- 3M-24.6%
- 1Y-36.9%
- YTD-29.0%
Over the last 7 days, the Utilities industry has dropped 3.7%, driven by a pullback from Kenon Holdings of 9.0%. However, the industry is down 37% over the past year. Looking forward, earnings are forecast to grow by 58% annually.
Sector Valuation and Performance
Has the Israeli Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₪27.2b | ₪7.5b | -₪1,856,836,035.00 | 20.8x | -14.7x | 3.6x |
| Wed, 27 Sep 2023 | ₪31.6b | ₪7.0b | -₪2,044,596,493.00 | 29.3x | -15.5x | 4.5x |
| Fri, 25 Aug 2023 | ₪31.8b | ₪6.9b | -₪721,772,540.00 | 28.7x | -44x | 4.6x |
| Sun, 23 Jul 2023 | ₪34.2b | ₪6.3b | -₪725,442,225.00 | 35.3x | -47.2x | 5.4x |
| Tue, 20 Jun 2023 | ₪33.8b | ₪6.3b | -₪753,528,466.00 | 24.2x | -44.8x | 5.4x |
| Thu, 18 May 2023 | ₪35.1b | ₪6.3b | ₪2.7b | 18.8x | 12.9x | 5.5x |
| Sat, 15 Apr 2023 | ₪33.8b | ₪6.1b | ₪1.5b | 33.1x | 22.7x | 5.5x |
| Mon, 13 Mar 2023 | ₪33.6b | ₪5.8b | ₪5.8b | 65.8x | 5.8x | 5.8x |
| Wed, 08 Feb 2023 | ₪36.4b | ₪5.6b | ₪5.5b | 71.6x | 6.6x | 6.5x |
| Fri, 06 Jan 2023 | ₪33.8b | ₪5.6b | ₪5.6b | 72x | 6x | 6x |
| Sun, 04 Dec 2022 | ₪37.9b | ₪5.6b | ₪5.3b | 75.4x | 7.1x | 6.8x |
| Tue, 01 Nov 2022 | ₪38.1b | ₪5.1b | ₪5.1b | 59.8x | 7.5x | 7.4x |
| Thu, 29 Sep 2022 | ₪39.2b | ₪5.2b | ₪5.1b | 60.5x | 7.7x | 7.6x |
| Sat, 27 Aug 2022 | ₪44.3b | ₪4.9b | ₪4.5b | 53.2x | 9.9x | 9.1x |
| Mon, 25 Jul 2022 | ₪37.3b | ₪4.8b | ₪4.6b | 51.6x | 8.1x | 7.7x |
| Wed, 22 Jun 2022 | ₪36.7b | ₪4.8b | ₪4.6b | 45.2x | 8x | 7.6x |
| Fri, 20 May 2022 | ₪35.2b | ₪4.5b | ₪2.9b | 65.3x | 12.1x | 7.9x |
| Sun, 17 Apr 2022 | ₪39.7b | ₪4.4b | ₪2.8b | 76.5x | 14.4x | 9x |
| Tue, 15 Mar 2022 | ₪42.0b | ₪4.2b | ₪1.8b | 116.6x | 23.5x | 10.1x |
| Thu, 10 Feb 2022 | ₪39.0b | ₪4.1b | ₪1.8b | 114x | 22x | 9.4x |
| Sat, 08 Jan 2022 | ₪37.3b | ₪4.0b | ₪1.7b | 115.9x | 21.5x | 9.2x |
| Mon, 06 Dec 2021 | ₪37.0b | ₪4.0b | ₪1.8b | 134.1x | 20.7x | 9.3x |
| Wed, 03 Nov 2021 | ₪39.1b | ₪3.8b | ₪1.2b | 121.8x | 31.9x | 10.2x |
| Fri, 01 Oct 2021 | ₪33.2b | ₪3.9b | ₪1.3b | 107.5x | 26.1x | 8.6x |
| Sun, 29 Aug 2021 | ₪32.9b | ₪3.8b | ₪1.3b | 102.1x | 25.9x | 8.6x |
| Mon, 05 Jul 2021 | ₪32.7b | ₪3.8b | ₪1.3b | 127x | 25.7x | 8.6x |
| Thu, 08 Apr 2021 | ₪31.4b | ₪3.7b | ₪1.8b | 74.8x | 17.9x | 8.5x |
| Sun, 10 Jan 2021 | ₪31.0b | ₪3.4b | ₪1.2b | 60.2x | 25.8x | 9x |
Price to Earnings Ratio
22.5x
Current Industry PE
- Investors are pessimistic on the Israeli Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 33% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Israeli Utilities sector?
| IL Market | -0.64% | |
| Utilities | -3.71% | |
| Electric Utilities | 0% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Renewable Energy | -3.75% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 58% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 58% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ENLT Enlight Renewable Energy | ₪52.93 | 5.5% +₪324.6m | -26.1% | PE25.5x | |
| ENRG Energix - Renewable Energies | ₪9.70 | 1.3% +₪70.1m | -21.5% | PE15x | |
| ZPRS Zephyrus Wing Energies | ₪13.53 | 1.9% +₪16.5m | n/a | PE2.7x |
