KEYCORP (KEY.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:KEY • US4932671088

18.91 EUR
+0.85 (+4.69%)
Last: Feb 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, KEY scores 4 out of 10 in our fundamental rating. KEY was compared to 114 industry peers in the Banks industry. The financial health of KEY is average, but there are quite some concerns on its profitability. KEY has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

2

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 4 of the past 5 years.
  • KEY had a positive operating cash flow in 4 of the past 5 years.
KEY.DE Yearly Net Income VS EBIT VS OCF VS FCFKEY.DE 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 1B 2B 3B 4B

1.2 Ratios

  • The Return On Assets of KEY (0.50%) is worse than 71.93% of its industry peers.
  • With a Return On Equity value of 4.64%, KEY is not doing good in the industry: 73.68% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.5%
ROE 4.64%
ROIC N/A
ROA(3y)0.4%
ROA(5y)0.7%
ROE(3y)4.08%
ROE(5y)8.01%
ROIC(3y)N/A
ROIC(5y)N/A
KEY.DE Yearly ROA, ROE, ROICKEY.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • The Profit Margin of KEY (14.71%) is worse than 85.09% of its industry peers.
  • In the last couple of years the Profit Margin of KEY has grown nicely.
  • KEY does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 14.71%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.17%
PM growth 5Y4.03%
GM growth 3YN/A
GM growth 5YN/A
KEY.DE Yearly Profit, Operating, Gross MarginsKEY.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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4

2. Health

2.1 Basic Checks

  • KEY does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, KEY has less 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.
KEY.DE Yearly Shares OutstandingKEY.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
KEY.DE Yearly Total Debt VS Total AssetsKEY.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • KEY has a debt to FCF ratio of 3.92. This is a good value and a sign of high solvency as KEY would need 3.92 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 3.92, KEY belongs to the best of the industry, outperforming 91.23% of the companies in the same industry.
  • KEY has a Debt/Equity ratio of 0.61. This is a neutral value indicating KEY is somewhat dependend on debt financing.
  • KEY has a Debt to Equity ratio of 0.61. This is amongst the best in the industry. KEY outperforms 82.46% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 3.92
Altman-Z N/A
ROIC/WACCN/A
WACC14.08%
KEY.DE Yearly LT Debt VS Equity VS FCFKEY.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
KEY.DE Yearly Current Assets VS Current LiabilitesKEY.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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

6

3. Growth

3.1 Past

  • KEY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.43%, which is quite impressive.
  • Measured over the past 5 years, KEY shows a small growth in Earnings Per Share. The EPS has been growing by 3.38% on average per year.
  • KEY shows a strong growth in Revenue. In the last year, the Revenue has grown by 63.49%.
  • Measured over the past years, KEY shows a small growth in Revenue. The Revenue has been growing by 2.26% on average per year.
EPS 1Y (TTM)30.43%
EPS 3Y-7.9%
EPS 5Y3.38%
EPS Q2Q%7.89%
Revenue 1Y (TTM)63.49%
Revenue growth 3Y1.06%
Revenue growth 5Y2.26%
Sales Q2Q%134.5%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.17% on average over the next years.
  • Based on estimates for the next years, KEY will show a small growth in Revenue. The Revenue will grow by 3.16% on average per year.
EPS Next Y21.76%
EPS Next 2Y19.73%
EPS Next 3Y14.97%
EPS Next 5Y7.17%
Revenue Next Year7.25%
Revenue Next 2Y6.63%
Revenue Next 3Y4.93%
Revenue Next 5Y3.16%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
KEY.DE Yearly Revenue VS EstimatesKEY.DE 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
KEY.DE Yearly EPS VS EstimatesKEY.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.01 indicates a correct valuation of KEY.
  • Based on the Price/Earnings ratio, KEY is valued more expensive than 81.58% of the companies in the same industry.
  • KEY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
  • Based on the Price/Forward Earnings ratio of 12.31, the valuation of KEY can be described as correct.
  • 62.28% of the companies in the same industry are cheaper than KEY, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, KEY is valued rather cheaply.
Industry RankSector Rank
PE 15.01
Fwd PE 12.31
KEY.DE Price Earnings VS Forward Price EarningsKEY.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, KEY is valued a bit cheaper than 74.56% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.84
EV/EBITDA N/A
KEY.DE Per share dataKEY.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
  • A more expensive valuation may be justified as KEY's earnings are expected to grow with 14.97% in the coming years.
PEG (NY)0.69
PEG (5Y)4.43
EPS Next 2Y19.73%
EPS Next 3Y14.97%

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

4

5. Dividend

5.1 Amount

  • KEY has a Yearly Dividend Yield of 3.61%.
  • Compared to an average industry Dividend Yield of 4.12, KEY has a dividend in line with its industry peers.
  • KEY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.61%

5.2 History

  • The dividend of KEY has a limited annual growth rate of 2.41%.
Dividend Growth(5Y)2.41%
Div Incr Years0
Div Non Decr Years0
KEY.DE Yearly Dividends per shareKEY.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • KEY pays out 110.52% 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.
DP110.52%
EPS Next 2Y19.73%
EPS Next 3Y14.97%
KEY.DE Yearly Income VS Free CF VS DividendKEY.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B
KEY.DE Dividend Payout.KEY.DE Dividend Payout, showing the Payout Ratio.KEY.DE Dividend Payout.PayoutRetained Earnings

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KEYCORP

FRA:KEY (2/3/2026, 7:00:00 PM)

18.91

+0.85 (+4.69%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-20
Earnings (Next)04-16
Inst Owners91.86%
Inst Owner ChangeN/A
Ins Owners0.31%
Ins Owner ChangeN/A
Market Cap20.67B
Revenue(TTM)7.48B
Net Income(TTM)932.00M
Analysts74.07
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.61%
Yearly Dividend0.77
Dividend Growth(5Y)2.41%
DP110.52%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.23%
Min EPS beat(2)0.38%
Max EPS beat(2)6.08%
EPS beat(4)4
Avg EPS beat(4)6.19%
Min EPS beat(4)0.38%
Max EPS beat(4)15.61%
EPS beat(8)7
Avg EPS beat(8)16.77%
EPS beat(12)8
Avg EPS beat(12)5.27%
EPS beat(16)10
Avg EPS beat(16)3.91%
Revenue beat(2)1
Avg Revenue beat(2)0.39%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)1.04%
Revenue beat(4)1
Avg Revenue beat(4)-12.72%
Min Revenue beat(4)-51.42%
Max Revenue beat(4)1.04%
Revenue beat(8)1
Avg Revenue beat(8)-12.59%
Revenue beat(12)1
Avg Revenue beat(12)-9.49%
Revenue beat(16)2
Avg Revenue beat(16)-7.05%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)-14.49%
EPS NY rev (1m)1.31%
EPS NY rev (3m)-7.74%
Revenue NQ rev (1m)0.56%
Revenue NQ rev (3m)4.33%
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)5.23%
Valuation
Industry RankSector Rank
PE 15.01
Fwd PE 12.31
P/S 3.88
P/FCF 7.84
P/OCF 7.64
P/B 1.22
P/tB 1.42
EV/EBITDA N/A
EPS(TTM)1.26
EY6.66%
EPS(NY)1.54
Fwd EY8.13%
FCF(TTM)2.41
FCFY12.75%
OCF(TTM)2.48
OCFY13.1%
SpS4.88
BVpS15.47
TBVpS13.35
PEG (NY)0.69
PEG (5Y)4.43
Graham Number20.95
Profitability
Industry RankSector Rank
ROA 0.5%
ROE 4.64%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 14.71%
GM N/A
FCFM 49.43%
ROA(3y)0.4%
ROA(5y)0.7%
ROE(3y)4.08%
ROE(5y)8.01%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.17%
PM growth 5Y4.03%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 3.92
Debt/EBITDA N/A
Cap/Depr 369.57%
Cap/Sales 1.34%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 336.05%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC14.08%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)30.43%
EPS 3Y-7.9%
EPS 5Y3.38%
EPS Q2Q%7.89%
EPS Next Y21.76%
EPS Next 2Y19.73%
EPS Next 3Y14.97%
EPS Next 5Y7.17%
Revenue 1Y (TTM)63.49%
Revenue growth 3Y1.06%
Revenue growth 5Y2.26%
Sales Q2Q%134.5%
Revenue Next Year7.25%
Revenue Next 2Y6.63%
Revenue Next 3Y4.93%
Revenue Next 5Y3.16%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2921.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12473.1%
OCF growth 3YN/A
OCF growth 5YN/A

KEYCORP / KEY.DE FAQ

Can you provide the ChartMill fundamental rating for KEYCORP?

ChartMill assigns a fundamental rating of 4 / 10 to KEY.DE.


What is the valuation status of KEYCORP (KEY.DE) stock?

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


What is the profitability of KEY stock?

KEYCORP (KEY.DE) has a profitability rating of 2 / 10.


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

The Price/Earnings (PE) ratio for KEYCORP (KEY.DE) is 15.01 and the Price/Book (PB) ratio is 1.22.


What is the expected EPS growth for KEYCORP (KEY.DE) stock?

The Earnings per Share (EPS) of KEYCORP (KEY.DE) is expected to grow by 21.76% in the next year.