KEYERA CORP (KEY.CA) Stock Fundamental Analysis

TSX:KEY • CA4932711001

52.08 CAD
+1.04 (+2.04%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

KEY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 212 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year KEY was profitable.
  • 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.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.31%, KEY is in the better half of the industry, outperforming 76.89% of the companies in the same industry.
  • KEY's Return On Equity of 15.64% is amongst the best of the industry. KEY outperforms 93.87% of its industry peers.
  • KEY has a better Return On Invested Capital (5.81%) than 79.72% of its industry peers.
  • KEY had an Average Return On Invested Capital over the past 3 years of 7.76%. This is in line with the industry average of 6.59%.
Industry RankSector Rank
ROA 3.31%
ROE 15.64%
ROIC 5.81%
ROA(3y)4.57%
ROA(5y)4.3%
ROE(3y)16.03%
ROE(5y)14.39%
ROIC(3y)7.76%
ROIC(5y)7.67%
KEY.CA Yearly ROA, ROE, ROICKEY.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of KEY (6.31%) is better than 60.85% of its industry peers.
  • In the last couple of years the Profit Margin of KEY has grown nicely.
  • KEY's Operating Margin of 11.14% is in line compared to the rest of the industry. KEY outperforms 58.96% of its industry peers.
  • KEY's Operating Margin has declined in the last couple of years.
  • KEY has a Gross Margin (20.15%) which is in line with its industry peers.
  • KEY's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.14%
PM (TTM) 6.31%
GM 20.15%
OM growth 3Y-0.11%
OM growth 5Y-10.28%
PM growth 3Y10.7%
PM growth 5Y25.11%
GM growth 3Y6.56%
GM growth 5Y-8.38%
KEY.CA Yearly Profit, Operating, Gross MarginsKEY.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • Compared to 1 year ago, KEY has about the same amount of shares outstanding.
  • Compared to 5 years ago, KEY has more shares outstanding
  • Compared to 1 year ago, KEY has a worse debt to assets ratio.
KEY.CA Yearly Shares OutstandingKEY.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
KEY.CA Yearly Total Debt VS Total AssetsKEY.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.71, we must say that KEY is in the distress zone and has some risk of bankruptcy.
  • KEY has a better Altman-Z score (1.71) than 67.45% of its industry peers.
  • The Debt to FCF ratio of KEY is 12.80, which is on the high side as it means it would take KEY, 12.80 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 12.80, KEY is in the better half of the industry, outperforming 74.53% of the companies in the same industry.
  • KEY has a Debt/Equity ratio of 2.18. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of KEY (2.18) is worse than 76.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 12.8
Altman-Z 1.71
ROIC/WACC0.87
WACC6.66%
KEY.CA Yearly LT Debt VS Equity VS FCFKEY.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • KEY has a Current Ratio of 1.76. This is a normal value and indicates that KEY is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.76, KEY is doing good in the industry, outperforming 76.42% of the companies in the same industry.
  • KEY has a Quick Ratio of 1.69. This is a normal value and indicates that KEY is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of KEY (1.69) is better than 77.83% of its industry peers.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 1.69
KEY.CA Yearly Current Assets VS Current LiabilitesKEY.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The earnings per share for KEY have decreased by -9.35% in the last year.
  • The Earnings Per Share has been growing by 47.27% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -3.98% in the past year.
  • KEY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.87% yearly.
EPS 1Y (TTM)-9.35%
EPS 3Y9.44%
EPS 5Y47.27%
EPS Q2Q%15.38%
Revenue 1Y (TTM)-3.98%
Revenue growth 3Y-0.98%
Revenue growth 5Y17.87%
Sales Q2Q%-12.42%

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 18.27% on average per year.
  • KEY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.11% yearly.
EPS Next Y40.49%
EPS Next 2Y25%
EPS Next 3Y16.49%
EPS Next 5Y18.27%
Revenue Next Year9.13%
Revenue Next 2Y24.27%
Revenue Next 3Y10.61%
Revenue Next 5Y11.11%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
KEY.CA Yearly Revenue VS EstimatesKEY.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
KEY.CA Yearly EPS VS EstimatesKEY.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 26.85, which means the current valuation is very expensive for KEY.
  • Based on the Price/Earnings ratio, KEY is valued a bit cheaper than 61.32% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of KEY to the average of the S&P500 Index (26.98), we can say KEY is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 19.11, the valuation of KEY can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, KEY is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of KEY to the average of the S&P500 Index (28.01), we can say KEY is valued slightly cheaper.
Industry RankSector Rank
PE 26.85
Fwd PE 19.11
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 63.68% of the companies in the same industry.
Industry RankSector Rank
P/FCF 29.87
EV/EBITDA 16.32
KEY.CA Per share dataKEY.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The 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.
  • KEY's earnings are expected to grow with 16.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)0.57
EPS Next 2Y25%
EPS Next 3Y16.49%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.19%, KEY is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.99, KEY pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, KEY pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.19%

5.2 History

  • The dividend of KEY has a limited annual growth rate of 1.92%.
  • 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)1.92%
Div Incr Years2
Div Non Decr Years3
KEY.CA Yearly Dividends per shareKEY.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • KEY pays out 112.40% 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.
DP112.4%
EPS Next 2Y25%
EPS Next 3Y16.49%
KEY.CA Yearly Income VS Free CF VS DividendKEY.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M 1B
KEY.CA Dividend Payout.KEY.CA Dividend Payout, showing the Payout Ratio.KEY.CA Dividend Payout.PayoutRetained Earnings

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KEYERA CORP

TSX:KEY (2/24/2026, 7:00:00 PM)

52.08

+1.04 (+2.04%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11
Earnings (Next)05-13
Inst Owners48.23%
Inst Owner ChangeN/A
Ins Owners0.41%
Ins Owner ChangeN/A
Market Cap14.69B
Revenue(TTM)6.85B
Net Income(TTM)432.33M
Analysts77.5
Price Target52.57 (0.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.19%
Yearly Dividend2.12
Dividend Growth(5Y)1.92%
DP112.4%
Div Incr Years2
Div Non Decr Years3
Ex-Date03-16
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.03%
Min EPS beat(2)-31.68%
Max EPS beat(2)11.61%
EPS beat(4)3
Avg EPS beat(4)6.59%
Min EPS beat(4)-31.68%
Max EPS beat(4)37.63%
EPS beat(8)4
Avg EPS beat(8)-3.22%
EPS beat(12)6
Avg EPS beat(12)-4.59%
EPS beat(16)9
Avg EPS beat(16)-10.46%
Revenue beat(2)0
Avg Revenue beat(2)-12.91%
Min Revenue beat(2)-15.34%
Max Revenue beat(2)-10.47%
Revenue beat(4)0
Avg Revenue beat(4)-7.94%
Min Revenue beat(4)-15.34%
Max Revenue beat(4)-2.15%
Revenue beat(8)2
Avg Revenue beat(8)-6.01%
Revenue beat(12)3
Avg Revenue beat(12)-3.29%
Revenue beat(16)7
Avg Revenue beat(16)6.72%
PT rev (1m)-1.33%
PT rev (3m)-0.15%
EPS NQ rev (1m)4.02%
EPS NQ rev (3m)-41.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.77%
Revenue NQ rev (1m)-43.3%
Revenue NQ rev (3m)-56.93%
Revenue NY rev (1m)-20.35%
Revenue NY rev (3m)-21.28%
Valuation
Industry RankSector Rank
PE 26.85
Fwd PE 19.11
P/S 2.14
P/FCF 29.87
P/OCF 18.97
P/B 5.32
P/tB 5.45
EV/EBITDA 16.32
EPS(TTM)1.94
EY3.73%
EPS(NY)2.73
Fwd EY5.23%
FCF(TTM)1.74
FCFY3.35%
OCF(TTM)2.75
OCFY5.27%
SpS24.29
BVpS9.8
TBVpS9.56
PEG (NY)0.66
PEG (5Y)0.57
Graham Number20.68
Profitability
Industry RankSector Rank
ROA 3.31%
ROE 15.64%
ROCE 7.61%
ROIC 5.81%
ROICexc 7.56%
ROICexgc 7.63%
OM 11.14%
PM (TTM) 6.31%
GM 20.15%
FCFM 7.18%
ROA(3y)4.57%
ROA(5y)4.3%
ROE(3y)16.03%
ROE(5y)14.39%
ROIC(3y)7.76%
ROIC(5y)7.67%
ROICexc(3y)8.4%
ROICexc(5y)8.05%
ROICexgc(3y)8.48%
ROICexgc(5y)8.14%
ROCE(3y)10.17%
ROCE(5y)10.05%
ROICexgc growth 3Y-1.78%
ROICexgc growth 5Y3.73%
ROICexc growth 3Y-1.67%
ROICexc growth 5Y3.92%
OM growth 3Y-0.11%
OM growth 5Y-10.28%
PM growth 3Y10.7%
PM growth 5Y25.11%
GM growth 3Y6.56%
GM growth 5Y-8.38%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 12.8
Debt/EBITDA 5.29
Cap/Depr 75.35%
Cap/Sales 4.12%
Interest Coverage 4.27
Cash Conversion 68.02%
Profit Quality 113.8%
Current Ratio 1.76
Quick Ratio 1.69
Altman-Z 1.71
F-Score5
WACC6.66%
ROIC/WACC0.87
Cap/Depr(3y)83.73%
Cap/Depr(5y)158.86%
Cap/Sales(3y)4.14%
Cap/Sales(5y)7.05%
Profit Quality(3y)157.61%
Profit Quality(5y)101.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.35%
EPS 3Y9.44%
EPS 5Y47.27%
EPS Q2Q%15.38%
EPS Next Y40.49%
EPS Next 2Y25%
EPS Next 3Y16.49%
EPS Next 5Y18.27%
Revenue 1Y (TTM)-3.98%
Revenue growth 3Y-0.98%
Revenue growth 5Y17.87%
Sales Q2Q%-12.42%
Revenue Next Year9.13%
Revenue Next 2Y24.27%
Revenue Next 3Y10.61%
Revenue Next 5Y11.11%
EBIT growth 1Y-9.04%
EBIT growth 3Y-1.09%
EBIT growth 5Y5.75%
EBIT Next Year136.98%
EBIT Next 3Y38.35%
EBIT Next 5Y23.54%
FCF growth 1Y-51.45%
FCF growth 3Y155.79%
FCF growth 5Y75.33%
OCF growth 1Y-38.81%
OCF growth 3Y-5.76%
OCF growth 5Y2.39%

KEYERA CORP / KEY.CA FAQ

Can you provide the ChartMill fundamental rating for KEYERA CORP?

ChartMill assigns a fundamental rating of 5 / 10 to KEY.CA.


What is the valuation status of KEYERA CORP (KEY.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to KEYERA CORP (KEY.CA). This can be considered as Fairly Valued.


What is the profitability of KEY stock?

KEYERA CORP (KEY.CA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for KEY stock?

The Price/Earnings (PE) ratio for KEYERA CORP (KEY.CA) is 26.85 and the Price/Book (PB) ratio is 5.32.


What is the expected EPS growth for KEYERA CORP (KEY.CA) stock?

The Earnings per Share (EPS) of KEYERA CORP (KEY.CA) is expected to grow by 40.49% in the next year.