KENKenon Holdings Ltd.

$66.21

Is it safe?

Can KEN take a bad year?

Kenon Holdings Ltd. carries $226M of net debt at 1.74× EBITDA: a load its earnings can carry.

$226M

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.74×

Net debt / EBITDA · 1.71× a year ago · the load is going up

Interest cover
0.72×

Interest cover · operating profit barely covers the interest bill

Annualised volatility
37%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtFY2025
$1.77B
Cash and short-term investments
$1.54B
Net debt
$226M
EBITDA, trailing twelve months
$130M
Operating profit, trailing twelve months
$62M
Debt / equity
1.11×
Total debt / EBITDA
13.6×
Annualised volatilitytwo years of daily moves
37%
Worst drawdown on file
−64%
Below its 52-week high
−31%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.