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Kenon Holdings (XTAE:KEN) E10 : ₪15.57 (As of Sep. 2024)


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What is Kenon Holdings E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Kenon Holdings's adjusted earnings per share data for the three months ended in Sep. 2024 was ₪2.894. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪15.57 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Kenon Holdings's average E10 Growth Rate was 17.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2024-12-12), Kenon Holdings's current stock price is ₪109.20. Kenon Holdings's E10 for the quarter that ended in Sep. 2024 was ₪15.57. Kenon Holdings's Shiller PE Ratio of today is 7.01.

During the past 12 years, the highest Shiller PE Ratio of Kenon Holdings was 7.47. The lowest was 3.79. And the median was 5.18.


Kenon Holdings E10 Historical Data

The historical data trend for Kenon Holdings's E10 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 E10 Chart

Kenon Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 18.28

Kenon Holdings Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
E10 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 13.65 18.28 18.99 21.73 15.57

Competitive Comparison of Kenon Holdings's E10

For the Utilities - Independent Power Producers subindustry, Kenon Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Kenon Holdings's Shiller PE Ratio falls into.



Kenon Holdings E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Kenon Holdings's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.894/133.0289*133.0289
=2.894

Current CPI (Sep. 2024) = 133.0289.

Kenon Holdings Quarterly Data

per share eps CPI Adj_EPS
201412 -5.287 99.070 -7.099
201503 0.214 99.621 0.286
201506 0.750 100.684 0.991
201509 11.289 100.392 14.959
201512 -8.431 99.792 -11.239
201603 -2.394 100.470 -3.170
201606 -18.578 101.688 -24.304
201609 -3.144 101.861 -4.106
201612 -3.251 101.863 -4.246
201703 -1.358 102.862 -1.756
201706 0.607 103.349 0.781
201709 -1.536 104.136 -1.962
201712 18.006 104.011 23.029
201803 36.191 105.290 45.726
201806 -1.893 106.317 -2.369
201809 -1.358 106.507 -1.696
201812 -4.108 105.998 -5.156
201903 -0.857 107.251 -1.063
201906 -0.464 108.070 -0.571
201909 1.893 108.329 2.325
201912 -1.465 108.420 -1.798
202003 1.000 108.902 1.222
202006 18.542 108.767 22.678
202009 4.466 109.815 5.410
202012 9.610 109.897 11.633
202103 11.933 111.754 14.205
202106 11.432 114.631 13.267
202109 12.325 115.734 14.167
202112 26.009 117.630 29.414
202203 42.371 121.301 46.468
202206 17.577 125.017 18.703
202209 16.613 125.227 17.648
202212 -55.840 125.222 -59.321
202303 -0.500 127.348 -0.522
202306 -2.001 128.729 -2.068
202309 -13.683 129.860 -14.017
202312 0.393 129.419 0.404
202403 0.536 131.776 0.541
202406 7.610 132.554 7.637
202409 2.894 133.029 2.894

Add all the adjusted EPS together and divide 10 will get our e10.


Kenon Holdings  (XTAE:KEN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Kenon Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=109.20/15.57
=7.01

* 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.

During the past 12 years, the highest Shiller P/E Ratio of Kenon Holdings was 7.47. The lowest was 3.79. And the median was 5.18.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Kenon Holdings E10 Related Terms

Thank you for viewing the detailed overview of Kenon Holdings's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


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; and ZIM. It generates maximum revenue from the OPC segment. OPC operates in the Israeli electricity generation sector, including initiating, developing, constructing, and operating power plants and selling and supplying electricity. Geographically, it derives a majority of its revenue from Israel.