WallStSmart

Hawaiian Electric Industries Inc (HE)vsKenon Holdings (KEN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hawaiian Electric Industries Inc generates 254% more annual revenue ($3.09B vs $871.93M). KEN leads profitability with a 7.6% profit margin vs 4.0%. HE trades at a lower P/E of 21.0x. HE earns a higher WallStSmart Score of 48/100 (D+).

HE

Hold

48

out of 100

Grade: D+

Growth: 2.7Profit: 4.5Value: 6.0Quality: 5.0

KEN

Hold

40

out of 100

Grade: F

Growth: 6.7Profit: 4.5Value: 3.0Quality: 7.5
Piotroski: 5/9Altman Z: 2.23
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HEUndervalued (+47.0%)

Margin of Safety

+47.0%

Fair Value

$31.28

Current Price

$14.93

$16.35 discount

UndervaluedFair: $31.28Overvalued
KENSignificantly Overvalued (-40.1%)

Margin of Safety

-40.1%

Fair Value

$54.44

Current Price

$87.72

$33.28 premium

UndervaluedFair: $54.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HE1 strengths · Avg: 8.0/10
Price/BookValuation
1.6x8/10

Reasonable price relative to book value

KEN2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
43.1%10/10

Revenue surging 43.1% year-over-year

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Areas to Watch

HE4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
0.8%4/10

0.8% revenue growth

Return on EquityProfitability
7.9%3/10

ROE of 7.9% — below average capital efficiency

Profit MarginProfitability
4.0%3/10

4.0% margin — thin

PEG RatioValuation
2.612/10

Expensive relative to growth rate

KEN4 concerns · Avg: 2.5/10
Return on EquityProfitability
5.1%3/10

ROE of 5.1% — below average capital efficiency

Profit MarginProfitability
7.6%3/10

7.6% margin — thin

P/E RatioValuation
69.1x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-93.7%2/10

Earnings declined 93.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : HE

The strongest argument for HE centers on Price/Book.

Bull Case : KEN

The strongest argument for KEN centers on Revenue Growth, Price/Book. Revenue growth of 43.1% demonstrates continued momentum.

Bear Case : HE

The primary concerns for HE are Revenue Growth, Return on Equity, Profit Margin. Thin 4.0% margins leave little buffer for downturns.

Bear Case : KEN

The primary concerns for KEN are Return on Equity, Profit Margin, P/E Ratio. A P/E of 69.1x leaves little room for execution misses.

Key Dynamics to Monitor

HE profiles as a value stock while KEN is a hypergrowth play — different risk/reward profiles.

HE carries more volatility with a beta of 0.57 — expect wider price swings.

KEN is growing revenue faster at 43.1% — sustainability is the question.

KEN generates stronger free cash flow (53M), providing more financial flexibility.

Bottom Line

HE scores higher overall (48/100 vs 40/100). Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Hawaiian Electric Industries Inc

UTILITIES · UTILITIES - REGULATED ELECTRIC · USA

Hawaiian Electric Industries, Inc. is engaged in the renewable / sustainable infrastructure, banking and electricity utility investment businesses in the State of Hawaii. The company is headquartered in Honolulu, Hawaii.

Kenon Holdings

UTILITIES · UTILITIES - INDEPENDENT POWER PRODUCERS · USA

Kenon Holdings Ltd., is the owner, developer and operator of power generation facilities in Israel and internationally. The company is headquartered in Singapore.

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