KEYERA CORP (KEY.CA) Stock Fundamental Analysis
TSX:KEY - Toronto Stock Exchange - CA4932711001 - Common Stock - Currency: CAD
Overall KEY gets a fundamental rating of 5 out of 10. We evaluated KEY against 210 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KEY was profitable.
KEY had a positive operating cash flow in the past year.
KEY had positive earnings in each of the past 5 years.
Each year in the past 5 years KEY had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.30%, KEY belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
With an excellent Return On Equity value of 19.22%, KEY belongs to the best of the industry, outperforming 92.38% of the companies in the same industry.
KEY has a better Return On Invested Capital (9.20%) than 88.10% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KEY is in line with the industry average of 7.31%.
The last Return On Invested Capital (9.20%) for KEY is above the 3 year average (8.56%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.3% | ||
| ROE | 19.22% | ||
| ROIC | 9.2% |
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
KEY has a Profit Margin of 7.40%. This is comparable to the rest of the industry: KEY outperforms 59.52% of its industry peers.
KEY's Profit Margin has declined in the last couple of years.
KEY has a Operating Margin of 12.25%. This is comparable to the rest of the industry: KEY outperforms 55.24% of its industry peers.
KEY's Operating Margin has declined in the last couple of years.
KEY's Gross Margin of 19.71% is in line compared to the rest of the industry. KEY outperforms 44.76% of its industry peers.
KEY's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.25% | ||
| PM (TTM) | 7.4% | ||
| GM | 19.71% |
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
KEY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, KEY has about the same amount of shares outstanding.
KEY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, KEY has an improved debt to assets ratio.
2.2 Solvency
KEY has an Altman-Z score of 2.38. 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 Altman-Z score of 2.38. This is in the better half of the industry: KEY outperforms 72.38% of its industry peers.
The Debt to FCF ratio of KEY is 4.96, which is a neutral value as it means it would take KEY, 4.96 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.96, KEY is in the better half of the industry, outperforming 72.38% of the companies in the same industry.
A Debt/Equity ratio of 1.24 is on the high side and indicates that KEY has dependencies on debt financing.
With a Debt to Equity ratio value of 1.24, KEY is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 2.38 |
ROIC/WACC1.13
WACC8.11%
2.3 Liquidity
A Current Ratio of 1.01 indicates that KEY should not have too much problems paying its short term obligations.
KEY has a Current ratio of 1.01. This is in the better half of the industry: KEY outperforms 62.38% of its industry peers.
KEY has a Quick Ratio of 1.01. This is a bad value and indicates that KEY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of KEY (0.76) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
KEY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 53.85%, which is quite impressive.
KEY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.96% yearly.
The Revenue has grown by 8.75% in the past year. This is quite good.
The Revenue has been growing by 14.57% on average over the past years. This is quite good.
EPS 1Y (TTM)53.85%
EPS 3Y15.19%
EPS 5Y0.96%
EPS Q2Q%83.87%
Revenue 1Y (TTM)8.75%
Revenue growth 3Y12.72%
Revenue growth 5Y14.57%
Sales Q2Q%15.76%
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 9.20% on average per year.
The Revenue is expected to grow by 3.00% on average over the next years.
EPS Next Y3.01%
EPS Next 2Y6.97%
EPS Next 3Y7.41%
EPS Next 5Y9.2%
Revenue Next Year-7.47%
Revenue Next 2Y-1.75%
Revenue Next 3Y-1.18%
Revenue Next 5Y3%
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
The Price/Earnings ratio is 18.26, which indicates a rather expensive current valuation of KEY.
The rest of the industry has a similar Price/Earnings ratio as KEY.
Compared to an average S&P500 Price/Earnings ratio of 27.91, KEY is valued a bit cheaper.
With a Price/Forward Earnings ratio of 17.89, KEY is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as KEY.
When comparing the Price/Forward Earnings ratio of KEY to the average of the S&P500 Index (37.11), we can say KEY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.26 | ||
| Fwd PE | 17.89 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEY is on the same level as its industry peers.
KEY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KEY is cheaper than 64.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.78 | ||
| EV/EBITDA | 12.8 |
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.
KEY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)6.06
PEG (5Y)18.99
EPS Next 2Y6.97%
EPS Next 3Y7.41%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.88%, KEY is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.32, KEY pays a bit more dividend than its industry peers.
KEY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
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
86.45% of the earnings are spent on dividend by KEY. This is not a sustainable payout ratio.
The dividend of KEY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP86.45%
EPS Next 2Y6.97%
EPS Next 3Y7.41%
TSX:KEY (7/29/2025, 7:00:00 PM)
43.82
+0.41 (+0.94%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners46.06%
Inst Owner ChangeN/A
Ins Owners0.41%
Ins Owner ChangeN/A
Market Cap12.36B
Analysts75.29
Price Target51.39 (17.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.88% |
Yearly Dividend2.04
Dividend Growth(5Y)2.11%
DP86.45%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.42%
Min EPS beat(2)-21.64%
Max EPS beat(2)8.8%
EPS beat(4)2
Avg EPS beat(4)-1.06%
Min EPS beat(4)-21.64%
Max EPS beat(4)13.96%
EPS beat(8)3
Avg EPS beat(8)-10.41%
EPS beat(12)6
Avg EPS beat(12)-16.36%
EPS beat(16)7
Avg EPS beat(16)-16.93%
Revenue beat(2)1
Avg Revenue beat(2)6.38%
Min Revenue beat(2)-2.15%
Max Revenue beat(2)14.91%
Revenue beat(4)2
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-27.91%
Max Revenue beat(4)14.91%
Revenue beat(8)3
Avg Revenue beat(8)-1.06%
Revenue beat(12)6
Avg Revenue beat(12)0.86%
Revenue beat(16)9
Avg Revenue beat(16)10.6%
PT rev (1m)4.77%
PT rev (3m)8.6%
EPS NQ rev (1m)-12.63%
EPS NQ rev (3m)-16.37%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-12.13%
Revenue NQ rev (3m)-1.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.26 | ||
| Fwd PE | 17.89 | ||
| P/S | 1.68 | ||
| P/FCF | 15.78 | ||
| P/OCF | 11.96 | ||
| P/B | 4.35 | ||
| P/tB | 4.47 | ||
| EV/EBITDA | 12.8 |
EPS(TTM)2.4
EY5.48%
EPS(NY)2.45
Fwd EY5.59%
FCF(TTM)2.78
FCFY6.34%
OCF(TTM)3.66
OCFY8.36%
SpS26.16
BVpS10.07
TBVpS9.8
PEG (NY)6.06
PEG (5Y)18.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.3% | ||
| ROE | 19.22% | ||
| ROCE | 11.93% | ||
| ROIC | 9.2% | ||
| ROICexc | 9.33% | ||
| ROICexgc | 9.43% | ||
| OM | 12.25% | ||
| PM (TTM) | 7.4% | ||
| GM | 19.71% | ||
| FCFM | 10.62% |
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 Turnover0.85
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 4.96 | ||
| Debt/EBITDA | 2.79 | ||
| Cap/Depr | 69.98% | ||
| Cap/Sales | 3.39% | ||
| Interest Coverage | 4.52 | ||
| Cash Conversion | 81.92% | ||
| Profit Quality | 143.45% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 2.38 |
F-Score6
WACC8.11%
ROIC/WACC1.13
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)53.85%
EPS 3Y15.19%
EPS 5Y0.96%
EPS Q2Q%83.87%
EPS Next Y3.01%
EPS Next 2Y6.97%
EPS Next 3Y7.41%
EPS Next 5Y9.2%
Revenue 1Y (TTM)8.75%
Revenue growth 3Y12.72%
Revenue growth 5Y14.57%
Sales Q2Q%15.76%
Revenue Next Year-7.47%
Revenue Next 2Y-1.75%
Revenue Next 3Y-1.18%
Revenue Next 5Y3%
EBIT growth 1Y2.85%
EBIT growth 3Y7.79%
EBIT growth 5Y6.8%
EBIT Next Year33.17%
EBIT Next 3Y14.31%
EBIT Next 5Y11.3%
FCF growth 1Y1615.63%
FCF growth 3Y134.72%
FCF growth 5YN/A
OCF growth 1Y32.49%
OCF growth 3Y29.43%
OCF growth 5Y7.35%