KEYERA CORP (KEY.CA) Fundamental Analysis & Valuation

TSX:KEY • CA4932711001

Current stock price

52.23 CAD
+0.5 (+0.97%)
Last:

This KEY.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. KEY.CA Profitability Analysis

1.1 Basic Checks

  • KEY had positive earnings in the past year.
  • In the past year KEY had a positive cash flow from operations.
  • 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

  • KEY has a Return On Assets of 3.31%. This is in the better half of the industry: KEY outperforms 75.24% of its industry peers.
  • KEY has a better Return On Equity (15.64%) than 93.33% of its industry peers.
  • With a decent Return On Invested Capital value of 5.81%, KEY is doing good in the industry, outperforming 78.57% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for KEY is in line with the industry average of 6.90%.
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

  • Looking at the Profit Margin, with a value of 6.31%, KEY is in the better half of the industry, outperforming 60.48% of the companies in the same industry.
  • KEY's Profit Margin has improved in the last couple of years.
  • KEY's Operating Margin of 11.14% is in line compared to the rest of the industry. KEY outperforms 60.00% of its industry peers.
  • In the last couple of years the Operating Margin of KEY has declined.
  • With a Gross Margin value of 20.15%, KEY perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of KEY has declined.
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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4

2. KEY.CA Health Analysis

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.
  • KEY has about the same amout of shares outstanding than it did 1 year ago.
  • KEY has more shares outstanding than it did 5 years ago.
  • 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 67.14% of its industry peers.
  • KEY has a debt to FCF ratio of 12.80. This is a negative value and a sign of low solvency as KEY would need 12.80 years to pay back of all of its debts.
  • KEY has a Debt to FCF ratio of 12.80. This is in the better half of the industry: KEY outperforms 74.76% of its industry peers.
  • KEY has a Debt/Equity ratio of 2.18. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 2.18, KEY is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 12.8
Altman-Z 1.71
ROIC/WACC0.88
WACC6.58%
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

  • A Current Ratio of 1.76 indicates that KEY should not have too much problems paying its short term obligations.
  • KEY has a Current ratio of 1.76. This is in the better half of the industry: KEY outperforms 75.71% of its industry peers.
  • A Quick Ratio of 1.69 indicates that KEY should not have too much problems paying its short term obligations.
  • KEY's Quick ratio of 1.69 is fine compared to the rest of the industry. KEY outperforms 76.67% 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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5

3. KEY.CA Growth Analysis

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.
  • Measured over the past years, KEY shows a quite strong growth in Revenue. The Revenue has been growing by 17.87% on average per year.
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

  • The Earnings Per Share is expected to grow by 18.27% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 11.68% on average over the next years. This is quite good.
EPS Next Y16.9%
EPS Next 2Y26.53%
EPS Next 3Y19.59%
EPS Next 5Y18.27%
Revenue Next Year26.74%
Revenue Next 2Y16.89%
Revenue Next 3Y15.51%
Revenue Next 5Y11.68%

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.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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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4

4. KEY.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 26.92, which means the current valuation is very expensive for KEY.
  • Compared to the rest of the industry, the Price/Earnings ratio of KEY indicates a somewhat cheap valuation: KEY is cheaper than 62.86% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of KEY to the average of the S&P500 Index (26.78), we can say KEY is valued inline with the index average.
  • KEY is valuated rather expensively with a Price/Forward Earnings ratio of 23.03.
  • Based on the Price/Forward Earnings ratio, KEY is valued a bit cheaper than 66.67% of the companies in the same industry.
  • KEY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 26.92
Fwd PE 23.03
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

  • 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 65.24% of the companies in the same industry.
Industry RankSector Rank
P/FCF 29.95
EV/EBITDA 16.3
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

  • KEY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of KEY may justify a higher PE ratio.
  • A more expensive valuation may be justified as KEY's earnings are expected to grow with 19.59% in the coming years.
PEG (NY)1.59
PEG (5Y)0.57
EPS Next 2Y26.53%
EPS Next 3Y19.59%

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5

5. KEY.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.97%, KEY has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.07, KEY pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, KEY pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.97%

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 Years3
Div Non Decr Years4
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

  • 112.40% 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.
DP112.4%
EPS Next 2Y26.53%
EPS Next 3Y19.59%
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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KEY.CA Fundamentals: All Metrics, Ratios and Statistics

KEYERA CORP

TSX:KEY (4/10/2026, 7:00:00 PM)

52.23

+0.5 (+0.97%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11
Earnings (Next)05-13
Inst Owners49.96%
Inst Owner ChangeN/A
Ins Owners0.42%
Ins Owner ChangeN/A
Market Cap14.74B
Revenue(TTM)6.85B
Net Income(TTM)432.33M
Analysts77.5
Price Target55.51 (6.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.97%
Yearly Dividend2.12
Dividend Growth(5Y)1.92%
DP112.4%
Div Incr Years3
Div Non Decr Years4
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)1.35%
PT rev (3m)4.34%
EPS NQ rev (1m)-14.31%
EPS NQ rev (3m)-56.68%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-35.99%
Revenue NY rev (1m)-2.68%
Revenue NY rev (3m)-7.5%
Valuation
Industry RankSector Rank
PE 26.92
Fwd PE 23.03
P/S 2.15
P/FCF 29.95
P/OCF 19.03
P/B 5.33
P/tB 5.47
EV/EBITDA 16.3
EPS(TTM)1.94
EY3.71%
EPS(NY)2.27
Fwd EY4.34%
FCF(TTM)1.74
FCFY3.34%
OCF(TTM)2.75
OCFY5.26%
SpS24.29
BVpS9.8
TBVpS9.56
PEG (NY)1.59
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
WACC6.58%
ROIC/WACC0.88
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 Y16.9%
EPS Next 2Y26.53%
EPS Next 3Y19.59%
EPS Next 5Y18.27%
Revenue 1Y (TTM)-3.98%
Revenue growth 3Y-0.98%
Revenue growth 5Y17.87%
Sales Q2Q%-12.42%
Revenue Next Year26.74%
Revenue Next 2Y16.89%
Revenue Next 3Y15.51%
Revenue Next 5Y11.68%
EBIT growth 1Y-9.04%
EBIT growth 3Y-1.09%
EBIT growth 5Y5.75%
EBIT Next Year122.42%
EBIT Next 3Y39.97%
EBIT Next 5Y24.76%
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 Fundamental Analysis 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 4 / 10 to KEYERA CORP (KEY.CA). This can be considered as Fairly Valued.


How profitable is KEYERA CORP (KEY.CA) stock?

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


What are the PE and PB ratios of KEYERA CORP (KEY.CA) stock?

The Price/Earnings (PE) ratio for KEYERA CORP (KEY.CA) is 26.92 and the Price/Book (PB) ratio is 5.33.


Is the dividend of KEYERA CORP sustainable?

The dividend rating of KEYERA CORP (KEY.CA) is 5 / 10 and the dividend payout ratio is 112.4%.