WallStSmart

Kenon Holdings (KEN)vsPinnacle West Capital Corp (PNW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Pinnacle West Capital Corp generates 526% more annual revenue ($5.46B vs $871.93M). PNW leads profitability with a 12.0% profit margin vs 7.6%. PNW trades at a lower P/E of 18.6x. PNW earns a higher WallStSmart Score of 55/100 (C-).

KEN

Hold

40

out of 100

Grade: F

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

PNW

Buy

55

out of 100

Grade: C-

Growth: 5.3Profit: 5.5Value: 4.0Quality: 2.8
Piotroski: 1/9Altman Z: 0.71
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

KENSignificantly Overvalued (-39.5%)

Margin of Safety

-39.5%

Fair Value

$54.68

Current Price

$88.89

$34.21 premium

UndervaluedFair: $54.68Overvalued
PNWFair Value (-2.9%)

Margin of Safety

-2.9%

Fair Value

$93.31

Current Price

$99.25

$5.94 premium

UndervaluedFair: $93.31Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

PNW1 strengths · Avg: 8.0/10
Price/BookValuation
1.7x8/10

Reasonable price relative to book value

Areas to Watch

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
68.0x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-93.7%2/10

Earnings declined 93.7%

PNW4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.6%4/10

0.6% earnings growth

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

PEG RatioValuation
3.012/10

Expensive relative to growth rate

Free Cash FlowQuality
$-393.06M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : KEN

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

Bull Case : PNW

The strongest argument for PNW centers on Price/Book. Revenue growth of 11.4% demonstrates continued momentum.

Bear Case : KEN

The primary concerns for KEN are Return on Equity, Profit Margin, P/E Ratio. A P/E of 68.0x leaves little room for execution misses.

Bear Case : PNW

The primary concerns for PNW are EPS Growth, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

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

PNW carries more volatility with a beta of 0.46 — 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

PNW scores higher overall (55/100 vs 40/100) and 11.4% revenue growth. Both earn "Buy" 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.

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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Pinnacle West Capital Corp

UTILITIES · UTILITIES - REGULATED ELECTRIC · USA

Pinnacle West Capital is a utility holding company that owns Arizona Public Service and Bright Canyon Energy.

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