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. KEY has an average financial health and profitability rating. While showing a medium growth rate, KEY is valued expensive at the moment.
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.
In the past 5 years KEY has always been profitable.
Each year in the past 5 years KEY had a positive operating cash flow.
1.2 Ratios
KEY has a better Return On Assets (6.30%) than 86.19% of its industry peers.
The Return On Equity of KEY (19.22%) is better than 92.86% of its industry peers.
The Return On Invested Capital of KEY (9.20%) is better than 88.57% of its industry peers.
KEY had an Average Return On Invested Capital over the past 3 years of 8.56%. This is in line with the industry average of 7.31%.
The 3 year average ROIC (8.56%) for KEY is below the current ROIC(9.20%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 7.40%, KEY is doing good in the industry, outperforming 60.48% of the companies in the same industry.
In the last couple of years the Profit Margin of KEY has declined.
The Operating Margin of KEY (12.25%) 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 of 19.71%. This is comparable to the rest of the industry: KEY outperforms 43.33% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KEY is still creating some value.
KEY has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, KEY has more shares outstanding
The debt/assets ratio for KEY has been reduced compared to a year ago.
2.2 Solvency
KEY has an Altman-Z score of 2.11. 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.
The Altman-Z score of KEY (2.11) is better than 68.57% of its industry peers.
KEY has a debt to FCF ratio of 4.96. This is a neutral value as KEY would need 4.96 years to pay back of all of its debts.
KEY has a better Debt to FCF ratio (4.96) than 70.48% of its industry peers.
A Debt/Equity ratio of 1.24 is on the high side and indicates that KEY has dependencies on debt financing.
KEY has a worse Debt to Equity ratio (1.24) than 65.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | 4.96 | ||
| Altman-Z | 2.11 |
ROIC/WACC1.39
WACC6.64%
2.3 Liquidity
A Current Ratio of 1.01 indicates that KEY should not have too much problems paying its short term obligations.
KEY's Current ratio of 1.01 is fine compared to the rest of the industry. KEY outperforms 62.86% 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.
Looking at the Quick ratio, with a value of 0.76, KEY is in line with its industry, outperforming 58.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 53.85% over the past year.
Measured over the past 5 years, KEY shows a small growth in Earnings Per Share. The EPS has been growing by 0.96% on average per year.
KEY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.75%.
Measured over the past years, KEY shows a quite strong growth in Revenue. The Revenue has been growing by 14.57% on average per year.
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.
KEY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.00% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.91, KEY is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of KEY is on the same level as its industry peers.
KEY is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
KEY is valuated rather expensively with a Price/Forward Earnings ratio of 17.55.
The rest of the industry has a similar Price/Forward Earnings ratio as KEY.
KEY's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.91 | ||
| Fwd PE | 17.55 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as KEY.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KEY indicates a somewhat cheap valuation: KEY is cheaper than 68.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.57 | ||
| EV/EBITDA | 10.77 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of KEY may justify a higher PE ratio.
PEG (NY)5.94
PEG (5Y)18.62
EPS Next 2Y6.97%
EPS Next 3Y7.41%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.73%, KEY is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.19, KEY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, KEY pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
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.
KEY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP86.45%
EPS Next 2Y6.97%
EPS Next 3Y7.41%
TSX:KEY (7/4/2025, 7:00:00 PM)
42.98
+0.23 (+0.54%)
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 Cap9.85B
Analysts74.44
Price Target49.05 (14.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
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)3.82%
PT rev (3m)2.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.92%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.91 | ||
| Fwd PE | 17.55 | ||
| P/S | 1.33 | ||
| P/FCF | 12.57 | ||
| P/OCF | 9.53 | ||
| P/B | 3.47 | ||
| P/tB | 3.56 | ||
| EV/EBITDA | 10.77 |
EPS(TTM)2.4
EY5.58%
EPS(NY)2.45
Fwd EY5.7%
FCF(TTM)3.42
FCFY7.95%
OCF(TTM)4.51
OCFY10.49%
SpS32.2
BVpS12.4
TBVpS12.07
PEG (NY)5.94
PEG (5Y)18.62
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 | 2.11 |
F-Score6
WACC6.64%
ROIC/WACC1.39
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%