KEYERA CORP (KEY.CA) Stock Fundamental Analysis
Canada - TSX:KEY - CA4932711001 - Common Stock
42.68 CAD
-0.12 (-0.28%)
KEY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of KEY get a neutral evaluation. Nothing too spectacular is happening here. KEY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
KEY had positive earnings in the past year.
KEY had a positive operating cash flow in the past year.
Each year in the past 5 years KEY has been profitable.
Each year in the past 5 years KEY had a positive operating cash flow.
1.2 Ratios
KEY has a Return On Assets of 4.99%. This is amongst the best in the industry. KEY outperforms 82.61% of its industry peers.
KEY has a better Return On Equity (18.75%) than 92.75% of its industry peers.
With an excellent Return On Invested Capital value of 9.11%, KEY belongs to the best of the industry, outperforming 89.86% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KEY is in line with the industry average of 6.94%.
The 3 year average ROIC (8.56%) for KEY is below the current ROIC(9.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.99% | ||
| ROE | 18.75% | ||
| ROIC | 9.11% |
ROA(3y)4.74%
ROA(5y)3.81%
ROE(3y)14.7%
ROE(5y)11.71%
ROIC(3y)8.56%
ROIC(5y)7.83%
1.3 Margins
Looking at the Profit Margin, with a value of 7.30%, KEY is in line with its industry, outperforming 55.56% of the companies in the same industry.
In the last couple of years the Profit Margin of KEY has declined.
KEY has a Operating Margin of 12.24%. This is comparable to the rest of the industry: KEY outperforms 55.56% of its industry peers.
KEY's Operating Margin has declined in the last couple of years.
KEY has a Gross Margin of 19.95%. This is comparable to the rest of the industry: KEY outperforms 45.41% of its industry peers.
KEY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.24% | ||
| PM (TTM) | 7.3% | ||
| GM | 19.95% |
OM growth 3Y-4.37%
OM growth 5Y-6.77%
PM growth 3Y1.58%
PM growth 5Y-11.08%
GM growth 3Y-2.54%
GM growth 5Y-6.91%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KEY is still creating some value.
The number of shares outstanding for KEY remains at a similar level compared to 1 year ago.
The number of shares outstanding for KEY has been increased compared to 5 years ago.
KEY has a better debt/assets ratio than last year.
2.2 Solvency
KEY has an Altman-Z score of 1.81. 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 has a better Altman-Z score (1.81) than 66.18% of its industry peers.
KEY has a debt to FCF ratio of 5.89. This is a neutral value as KEY would need 5.89 years to pay back of all of its debts.
KEY has a better Debt to FCF ratio (5.89) than 72.95% of its industry peers.
A Debt/Equity ratio of 1.22 is on the high side and indicates that KEY has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.22, KEY is doing worse than 64.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 5.89 | ||
| Altman-Z | 1.81 |
ROIC/WACC1.26
WACC7.25%
2.3 Liquidity
KEY has a Current Ratio of 1.00. This is a bad value and indicates that KEY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.00, KEY is in line with its industry, outperforming 59.90% of the companies in the same industry.
A Quick Ratio of 0.92 indicates that KEY may have some problems paying its short term obligations.
KEY has a better Quick ratio (0.92) than 62.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
KEY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 56.38%, which is quite impressive.
The Earnings Per Share has been growing slightly by 0.96% on average over the past years.
The Revenue has been growing slightly by 3.81% in the past year.
KEY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.57% yearly.
EPS 1Y (TTM)56.38%
EPS 3Y15.19%
EPS 5Y0.96%
EPS Q2Q%-11.29%
Revenue 1Y (TTM)3.81%
Revenue growth 3Y12.72%
Revenue growth 5Y14.57%
Sales Q2Q%-6.33%
3.2 Future
Based on estimates for the next years, KEY will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.33% on average per year.
KEY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.65% yearly.
EPS Next Y5.56%
EPS Next 2Y15.05%
EPS Next 3Y12.35%
EPS Next 5Y9.33%
Revenue Next Year-4.37%
Revenue Next 2Y16.68%
Revenue Next 3Y14.97%
Revenue Next 5Y7.65%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
KEY is valuated rather expensively with a Price/Earnings ratio of 18.32.
KEY's Price/Earnings is on the same level as the industry average.
KEY is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
KEY is valuated correctly with a Price/Forward Earnings ratio of 15.07.
KEY's Price/Forward Earnings ratio is in line with the industry average.
KEY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.32 | ||
| Fwd PE | 15.07 |
4.2 Price Multiples
KEY's Enterprise Value to EBITDA ratio is in line with the industry average.
61.35% of the companies in the same industry are more expensive than KEY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.46 | ||
| EV/EBITDA | 12.67 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KEY does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of KEY may justify a higher PE ratio.
KEY's earnings are expected to grow with 12.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.29
PEG (5Y)19.05
EPS Next 2Y15.05%
EPS Next 3Y12.35%
5. Dividend
5.1 Amount
KEY has a Yearly Dividend Yield of 5.05%, which is a nice return.
Compared to an average industry Dividend Yield of 5.56, KEY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, KEY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.05% |
5.2 History
The dividend of KEY has a limited annual growth rate of 2.11%.
KEY has paid a dividend for at least 10 years, which is a reliable track record.
KEY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.11%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
KEY pays out 89.87% of its income as dividend. This is not a sustainable payout ratio.
The dividend of KEY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP89.87%
EPS Next 2Y15.05%
EPS Next 3Y12.35%
TSX:KEY (10/17/2025, 7:00:00 PM)
42.68
-0.12 (-0.28%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.38%
Inst Owner ChangeN/A
Ins Owners0.42%
Ins Owner ChangeN/A
Market Cap12.04B
Analysts77.65
Price Target52.1 (22.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.05% |
Yearly Dividend2.04
Dividend Growth(5Y)2.11%
DP89.87%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.21%
Min EPS beat(2)8.8%
Max EPS beat(2)37.63%
EPS beat(4)2
Avg EPS beat(4)4.86%
Min EPS beat(4)-21.64%
Max EPS beat(4)37.63%
EPS beat(8)3
Avg EPS beat(8)-12.08%
EPS beat(12)6
Avg EPS beat(12)-17.08%
EPS beat(16)8
Avg EPS beat(16)-12.42%
Revenue beat(2)0
Avg Revenue beat(2)-2.98%
Min Revenue beat(2)-3.82%
Max Revenue beat(2)-2.15%
Revenue beat(4)1
Avg Revenue beat(4)-4.74%
Min Revenue beat(4)-27.91%
Max Revenue beat(4)14.91%
Revenue beat(8)3
Avg Revenue beat(8)0.92%
Revenue beat(12)5
Avg Revenue beat(12)-0.19%
Revenue beat(16)9
Avg Revenue beat(16)11.15%
PT rev (1m)0%
PT rev (3m)1.37%
EPS NQ rev (1m)-2.28%
EPS NQ rev (3m)-2.11%
EPS NY rev (1m)3.22%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)-3.66%
Revenue NQ rev (3m)-2.96%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.32 | ||
| Fwd PE | 15.07 | ||
| P/S | 1.66 | ||
| P/FCF | 18.46 | ||
| P/OCF | 13.29 | ||
| P/B | 4.26 | ||
| P/tB | 4.37 | ||
| EV/EBITDA | 12.67 |
EPS(TTM)2.33
EY5.46%
EPS(NY)2.83
Fwd EY6.64%
FCF(TTM)2.31
FCFY5.42%
OCF(TTM)3.21
OCFY7.52%
SpS25.76
BVpS10.03
TBVpS9.77
PEG (NY)3.29
PEG (5Y)19.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.99% | ||
| ROE | 18.75% | ||
| ROCE | 11.82% | ||
| ROIC | 9.11% | ||
| ROICexc | 9.17% | ||
| ROICexgc | 9.26% | ||
| OM | 12.24% | ||
| PM (TTM) | 7.3% | ||
| GM | 19.95% | ||
| FCFM | 8.97% |
ROA(3y)4.74%
ROA(5y)3.81%
ROE(3y)14.7%
ROE(5y)11.71%
ROIC(3y)8.56%
ROIC(5y)7.83%
ROICexc(3y)8.62%
ROICexc(5y)7.87%
ROICexgc(3y)8.71%
ROICexgc(5y)7.97%
ROCE(3y)11.11%
ROCE(5y)10.16%
ROICexcg growth 3Y6.46%
ROICexcg growth 5Y4.33%
ROICexc growth 3Y6.6%
ROICexc growth 5Y4.54%
OM growth 3Y-4.37%
OM growth 5Y-6.77%
PM growth 3Y1.58%
PM growth 5Y-11.08%
GM growth 3Y-2.54%
GM growth 5Y-6.91%
F-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 5.89 | ||
| Debt/EBITDA | 2.77 | ||
| Cap/Depr | 70.39% | ||
| Cap/Sales | 3.49% | ||
| Interest Coverage | 4.55 | ||
| Cash Conversion | 72.45% | ||
| Profit Quality | 122.99% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 1.81 |
F-Score6
WACC7.25%
ROIC/WACC1.26
Cap/Depr(3y)174.25%
Cap/Depr(5y)189.14%
Cap/Sales(3y)7%
Cap/Sales(5y)10.6%
Profit Quality(3y)122.66%
Profit Quality(5y)88.01%
High Growth Momentum
Growth
EPS 1Y (TTM)56.38%
EPS 3Y15.19%
EPS 5Y0.96%
EPS Q2Q%-11.29%
EPS Next Y5.56%
EPS Next 2Y15.05%
EPS Next 3Y12.35%
EPS Next 5Y9.33%
Revenue 1Y (TTM)3.81%
Revenue growth 3Y12.72%
Revenue growth 5Y14.57%
Sales Q2Q%-6.33%
Revenue Next Year-4.37%
Revenue Next 2Y16.68%
Revenue Next 3Y14.97%
Revenue Next 5Y7.65%
EBIT growth 1Y2.82%
EBIT growth 3Y7.79%
EBIT growth 5Y6.8%
EBIT Next Year31.74%
EBIT Next 3Y28.62%
EBIT Next 5Y18.69%
FCF growth 1Y215.19%
FCF growth 3Y134.72%
FCF growth 5YN/A
OCF growth 1Y10.92%
OCF growth 3Y29.43%
OCF growth 5Y7.35%