Logo image of KEY.CA

KEYERA CORP (KEY.CA) Stock Fundamental Analysis

TSX:KEY - Toronto Stock Exchange - CA4932711001 - Common Stock - Currency: CAD

42.05  -0.18 (-0.43%)

Fundamental Rating

5

Taking everything into account, KEY scores 5 out of 10 in our fundamental rating. KEY was compared to 221 industry peers in the Oil, Gas & Consumable Fuels industry. KEY has only an average score on both its financial health and profitability. KEY has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

KEY had positive earnings in the past year.
In the past year KEY had a positive cash flow from operations.
In the past 5 years KEY has always been profitable.
In the past 5 years KEY always reported a positive cash flow from operatings.
KEY.CA Yearly Net Income VS EBIT VS OCF VS FCFKEY.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M

1.2 Ratios

KEY has a Return On Assets of 5.18%. This is in the better half of the industry: KEY outperforms 72.46% of its industry peers.
Looking at the Return On Equity, with a value of 15.75%, KEY belongs to the top of the industry, outperforming 85.51% of the companies in the same industry.
The Return On Invested Capital of KEY (9.64%) is better than 87.44% of its industry peers.
KEY had an Average Return On Invested Capital over the past 3 years of 8.05%. This is in line with the industry average of 7.73%.
The last Return On Invested Capital (9.64%) for KEY is above the 3 year average (8.05%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.18%
ROE 15.75%
ROIC 9.64%
ROA(3y)4.22%
ROA(5y)3.87%
ROE(3y)13.03%
ROE(5y)11.17%
ROIC(3y)8.05%
ROIC(5y)7.47%
KEY.CA Yearly ROA, ROE, ROICKEY.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

KEY's Profit Margin of 5.96% is in line compared to the rest of the industry. KEY outperforms 52.66% of its industry peers.
In the last couple of years the Profit Margin of KEY has declined.
The Operating Margin of KEY (13.20%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of KEY has declined.
KEY has a Gross Margin (20.31%) which is in line with its industry peers.
KEY's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.2%
PM (TTM) 5.96%
GM 20.31%
OM growth 3Y-11.38%
OM growth 5Y-2.14%
PM growth 3Y42.95%
PM growth 5Y-7.8%
GM growth 3Y-13.34%
GM growth 5Y-1.46%
KEY.CA Yearly Profit, Operating, Gross MarginsKEY.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KEY is creating some value.
KEY has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for KEY has been increased compared to 5 years ago.
KEY has a worse debt/assets ratio than last year.
KEY.CA Yearly Shares OutstandingKEY.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
KEY.CA Yearly Total Debt VS Total AssetsKEY.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

KEY has an Altman-Z score of 2.19. This is not the best score and indicates that KEY is in the grey zone with still only limited risk for bankruptcy at the moment.
KEY's Altman-Z score of 2.19 is fine compared to the rest of the industry. KEY outperforms 69.08% of its industry peers.
The Debt to FCF ratio of KEY is 4.13, which is a neutral value as it means it would take KEY, 4.13 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.13, KEY is in the better half of the industry, outperforming 78.74% of the companies in the same industry.
KEY has a Debt/Equity ratio of 1.36. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.36, KEY is not doing good in the industry: 80.68% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.36
Debt/FCF 4.13
Altman-Z 2.19
ROIC/WACC1.32
WACC7.3%
KEY.CA Yearly LT Debt VS Equity VS FCFKEY.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B 4B

2.3 Liquidity

KEY has a Current Ratio of 1.31. This is a normal value and indicates that KEY is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of KEY (1.31) is better than 66.67% of its industry peers.
KEY has a Quick Ratio of 1.31. This is a bad value and indicates that KEY is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.94, KEY perfoms like the industry average, outperforming 56.04% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.31
Quick Ratio 0.94
KEY.CA Yearly Current Assets VS Current LiabilitesKEY.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 54.33% over the past year.
The Earnings Per Share has been decreasing by -0.64% on average over the past years.
The Revenue has grown by 14.97% in the past year. This is quite good.
The Revenue has been growing by 9.57% on average over the past years. This is quite good.
EPS 1Y (TTM)54.33%
EPS 3Y87.65%
EPS 5Y-0.64%
EPS Q2Q%134.29%
Revenue 1Y (TTM)14.97%
Revenue growth 3Y32.79%
Revenue growth 5Y9.57%
Sales Q2Q%34.24%

3.2 Future

The Earnings Per Share is expected to grow by 14.77% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.13% on average over the next years.
EPS Next Y26.09%
EPS Next 2Y11.5%
EPS Next 3Y9.92%
EPS Next 5Y14.77%
Revenue Next Year6.1%
Revenue Next 2Y0.59%
Revenue Next 3Y-0.22%
Revenue Next 5Y6.13%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
KEY.CA Yearly Revenue VS EstimatesKEY.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
KEY.CA Yearly EPS VS EstimatesKEY.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

4

4. Valuation

4.1 Price/Earnings Ratio

KEY is valuated rather expensively with a Price/Earnings ratio of 21.45.
Compared to the rest of the industry, the Price/Earnings ratio of KEY is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 30.19, KEY is valued a bit cheaper.
The Price/Forward Earnings ratio is 18.28, which indicates a rather expensive current valuation of KEY.
KEY's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.58, KEY is valued a bit cheaper.
Industry RankSector Rank
PE 21.45
Fwd PE 18.28
KEY.CA Price Earnings VS Forward Price EarningsKEY.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

KEY's Enterprise Value to EBITDA ratio is in line with the industry average.
KEY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KEY is cheaper than 68.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.18
EV/EBITDA 10.06
KEY.CA Per share dataKEY.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

KEY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KEY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y11.5%
EPS Next 3Y9.92%

6

5. Dividend

5.1 Amount

KEY has a Yearly Dividend Yield of 4.93%, which is a nice return.
Compared to an average industry Dividend Yield of 6.30, KEY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.30, KEY pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.93%

5.2 History

The dividend of KEY has a limited annual growth rate of 4.31%.
KEY has been paying a dividend for at least 10 years, so it has a reliable track record.
KEY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.31%
Div Incr Years2
Div Non Decr Years3
KEY.CA Yearly Dividends per shareKEY.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

KEY pays out 103.57% of its income as dividend. This is not a sustainable payout ratio.
KEY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP103.57%
EPS Next 2Y11.5%
EPS Next 3Y9.92%
KEY.CA Yearly Income VS Free CF VS DividendKEY.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M
KEY.CA Dividend Payout.KEY.CA Dividend Payout, showing the Payout Ratio.KEY.CA Dividend Payout.PayoutRetained Earnings

KEYERA CORP

TSX:KEY (2/14/2025, 7:00:00 PM)

42.05

-0.18 (-0.43%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-13 2025-02-13/amc
Earnings (Next)05-12 2025-05-12
Inst Owners44.19%
Inst Owner ChangeN/A
Ins Owners0.42%
Ins Owner ChangeN/A
Market Cap9.64B
Analysts73.33
Price Target46.67 (10.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.93%
Yearly Dividend2.12
Dividend Growth(5Y)4.31%
DP103.57%
Div Incr Years2
Div Non Decr Years3
Ex-Date03-17 2025-03-17 (0.52)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.18%
Min EPS beat(2)-13.61%
Max EPS beat(2)13.96%
EPS beat(4)1
Avg EPS beat(4)-25.04%
Min EPS beat(4)-60.44%
Max EPS beat(4)13.96%
EPS beat(8)3
Avg EPS beat(8)-32.36%
EPS beat(12)6
Avg EPS beat(12)-17.57%
EPS beat(16)7
Avg EPS beat(16)-30.67%
Revenue beat(2)1
Avg Revenue beat(2)-8.07%
Min Revenue beat(2)-27.91%
Max Revenue beat(2)11.77%
Revenue beat(4)2
Avg Revenue beat(4)2.83%
Min Revenue beat(4)-27.91%
Max Revenue beat(4)42.52%
Revenue beat(8)3
Avg Revenue beat(8)-1.94%
Revenue beat(12)7
Avg Revenue beat(12)14.07%
Revenue beat(16)8
Avg Revenue beat(16)7.81%
PT rev (1m)0.55%
PT rev (3m)6.81%
EPS NQ rev (1m)-3.73%
EPS NQ rev (3m)-4.04%
EPS NY rev (1m)-0.32%
EPS NY rev (3m)6.79%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)-5.71%
Revenue NY rev (1m)-1.47%
Revenue NY rev (3m)1.49%
Valuation
Industry RankSector Rank
PE 21.45
Fwd PE 18.28
P/S 1.28
P/FCF 10.18
P/OCF 8.17
P/B 3.4
P/tB 3.49
EV/EBITDA 10.06
EPS(TTM)1.96
EY4.66%
EPS(NY)2.3
Fwd EY5.47%
FCF(TTM)4.13
FCFY9.82%
OCF(TTM)5.15
OCFY12.25%
SpS32.75
BVpS12.38
TBVpS12.05
PEG (NY)0.82
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.18%
ROE 15.75%
ROCE 12.57%
ROIC 9.64%
ROICexc 9.68%
ROICexgc 9.77%
OM 13.2%
PM (TTM) 5.96%
GM 20.31%
FCFM 12.61%
ROA(3y)4.22%
ROA(5y)3.87%
ROE(3y)13.03%
ROE(5y)11.17%
ROIC(3y)8.05%
ROIC(5y)7.47%
ROICexc(3y)8.07%
ROICexc(5y)7.48%
ROICexgc(3y)8.17%
ROICexgc(5y)7.59%
ROCE(3y)10.5%
ROCE(5y)9.74%
ROICexcg growth 3Y12.75%
ROICexcg growth 5Y0.68%
ROICexc growth 3Y13.04%
ROICexc growth 5Y0.98%
OM growth 3Y-11.38%
OM growth 5Y-2.14%
PM growth 3Y42.95%
PM growth 5Y-7.8%
GM growth 3Y-13.34%
GM growth 5Y-1.46%
F-Score8
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 1.36
Debt/FCF 4.13
Debt/EBITDA 2.88
Cap/Depr 66.36%
Cap/Sales 3.11%
Interest Coverage 4.82
Cash Conversion 87.89%
Profit Quality 211.77%
Current Ratio 1.31
Quick Ratio 0.94
Altman-Z 2.19
F-Score8
WACC7.3%
ROIC/WACC1.32
Cap/Depr(3y)215.78%
Cap/Depr(5y)253.24%
Cap/Sales(3y)9.2%
Cap/Sales(5y)15.92%
Profit Quality(3y)61.3%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.33%
EPS 3Y87.65%
EPS 5Y-0.64%
EPS Q2Q%134.29%
EPS Next Y26.09%
EPS Next 2Y11.5%
EPS Next 3Y9.92%
EPS Next 5Y14.77%
Revenue 1Y (TTM)14.97%
Revenue growth 3Y32.79%
Revenue growth 5Y9.57%
Sales Q2Q%34.24%
Revenue Next Year6.1%
Revenue Next 2Y0.59%
Revenue Next 3Y-0.22%
Revenue Next 5Y6.13%
EBIT growth 1Y35.37%
EBIT growth 3Y17.67%
EBIT growth 5Y7.23%
EBIT Next Year49.31%
EBIT Next 3Y14.59%
EBIT Next 5Y11.47%
FCF growth 1Y12462.1%
FCF growth 3Y178.18%
FCF growth 5YN/A
OCF growth 1Y32.91%
OCF growth 3Y12.33%
OCF growth 5Y10.05%