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Kenon Holdings (Kenon Holdings) Cyclically Adjusted Price-to-FCF : 60.14 (As of Apr. 28, 2024)


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What is Kenon Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Kenon Holdings's current share price is $22.25. Kenon Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.37. Kenon Holdings's Cyclically Adjusted Price-to-FCF for today is 60.14.

The historical rank and industry rank for Kenon Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

KEN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 29.77   Med: 42.4   Max: 72.05
Current: 60.64

During the past years, Kenon Holdings's highest Cyclically Adjusted Price-to-FCF was 72.05. The lowest was 29.77. And the median was 42.40.

KEN's Cyclically Adjusted Price-to-FCF is ranked worse than
89.08% of 119 companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.3 vs KEN: 60.64

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Kenon Holdings's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $-2.177. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.37 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kenon Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kenon Holdings's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kenon Holdings Cyclically Adjusted Price-to-FCF Chart

Kenon Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 66.34

Kenon Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 39.73 37.73 66.34

Competitive Comparison of Kenon Holdings's Cyclically Adjusted Price-to-FCF

For the Utilities - Independent Power Producers subindustry, Kenon Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kenon Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kenon Holdings's Cyclically Adjusted Price-to-FCF falls into.



Kenon Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Kenon Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=22.25/0.37
=60.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kenon Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kenon Holdings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2.177/129.4194*129.4194
=-2.177

Current CPI (Dec. 2023) = 129.4194.

Kenon Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.192 99.695 0.249
201406 0.317 100.560 0.408
201409 0.024 100.428 0.031
201412 -1.091 99.070 -1.425
201503 -1.739 99.621 -2.259
201506 -2.988 100.684 -3.841
201509 1.161 100.392 1.497
201512 -0.733 99.792 -0.951
201603 -2.010 100.470 -2.589
201606 -0.966 101.688 -1.229
201609 0.618 101.861 0.785
201612 -0.023 101.863 -0.029
201703 1.140 102.862 1.434
201706 0.831 103.349 1.041
201709 -0.393 104.136 -0.488
201712 1.272 104.011 1.583
201803 -2.788 105.290 -3.427
201806 -0.073 106.317 -0.089
201809 0.190 106.507 0.231
201812 2.354 105.998 2.874
201903 0.780 107.251 0.941
201906 -0.049 108.070 -0.059
201909 0.681 108.329 0.814
201912 -0.450 108.420 -0.537
202003 -0.149 108.902 -0.177
202006 0.316 108.767 0.376
202009 0.448 109.815 0.528
202012 -0.290 109.897 -0.342
202103 -0.427 111.754 -0.494
202106 -0.335 114.631 -0.378
202109 0.408 115.734 0.456
202112 0.368 117.630 0.405
202203 -1.281 121.301 -1.367
202206 8.615 125.017 8.918
202209 1.908 125.227 1.972
202212 -0.147 125.222 -0.152
202303 -0.542 127.348 -0.551
202306 1.419 128.729 1.427
202309 0.262 129.860 0.261
202312 -2.177 129.419 -2.177

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Kenon Holdings  (NYSE:KEN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Kenon Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Kenon Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Kenon Holdings (Kenon Holdings) Business Description

Traded in Other Exchanges
Address
1 Temasek Avenue, No. 37-02B, Millenia Tower, Singapore, SGP, 039192
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented, businesses. The company's operating segments include OPC; CPV Group; Quantum and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including the initiation, development, construction, and operation of power plants and the sale and supply of electricity. Geographically, it derives a majority of revenue from Israel.