WallStSmart

Kenon Holdings (KEN)vsSOLV Energy, Inc. Class A Common Stock (MWH)

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Smart Verdict

WallStSmart Research — data-driven comparison

SOLV Energy, Inc. Class A Common Stock generates 186% more annual revenue ($2.49B vs $871.93M). KEN leads profitability with a 7.6% profit margin vs 6.0%. MWH trades at a lower P/E of 54.5x. MWH earns a higher WallStSmart Score of 51/100 (C-).

KEN

Hold

40

out of 100

Grade: F

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

MWH

Buy

51

out of 100

Grade: C-

Growth: 6.0Profit: 7.0Value: 5.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

KENSignificantly Overvalued (-39.8%)

Margin of Safety

-39.8%

Fair Value

$54.56

Current Price

$91.99

$37.43 premium

UndervaluedFair: $54.56Overvalued
MWHUndervalued (+47.2%)

Margin of Safety

+47.2%

Fair Value

$58.51

Current Price

$42.27

$16.24 discount

UndervaluedFair: $58.51Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

KEN1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
43.1%10/10

Revenue surging 43.1% year-over-year

MWH2 strengths · Avg: 10.0/10
Return on EquityProfitability
35.3%10/10

Every $100 of equity generates 35 in profit

Revenue GrowthGrowth
80.0%10/10

Revenue surging 80.0% year-over-year

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
69.1x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-93.7%2/10

Earnings declined 93.7%

MWH4 concerns · Avg: 3.3/10
Price/BookValuation
10.8x4/10

Trading at 10.8x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
6.0%3/10

6.0% margin — thin

P/E RatioValuation
54.5x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : KEN

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

Bull Case : MWH

The strongest argument for MWH centers on Return on Equity, Revenue Growth. Revenue growth of 80.0% demonstrates continued momentum.

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.

Bear Case : MWH

The primary concerns for MWH are Price/Book, EPS Growth, Profit Margin. A P/E of 54.5x leaves little room for execution misses.

Key Dynamics to Monitor

MWH is growing revenue faster at 80.0% — sustainability is the question.

MWH generates stronger free cash flow (201M), providing more financial flexibility.

Monitor UTILITIES - INDEPENDENT POWER PRODUCERS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MWH scores higher overall (51/100 vs 40/100) and 80.0% 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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SOLV Energy, Inc. Class A Common Stock

UTILITIES · UTILITIES - RENEWABLE · USA

SOLV Energy, Inc. (Ticker: MWH) stands at the forefront of renewable energy solutions, specializing in comprehensive solar energy systems designed for commercial and utility-scale applications. The company is committed to innovation and sustainability, playing a pivotal role in the global transition to cleaner energy. With a robust track record in engineering excellence and project execution, SOLV Energy is strategically positioned to leverage the increasing demand for renewable energy solutions, significantly contributing to decarbonization initiatives across multiple sectors. Its dedication to operational efficiency and customer-centric services enhances its competitive advantage in an ever-evolving energy landscape.

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