KEYCORP (KEY.DE) Fundamental Analysis & Valuation

FRA:KEY • US4932671088

16.588 EUR
-1.01 (-5.75%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

KEY gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 116 industry peers in the Banks industry. KEY may be in some trouble as it scores bad on both profitability and health. KEY has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

2

1. KEY.DE 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.
  • Of the past 5 years KEY 4 years were profitable.
  • Of the past 5 years KEY 4 years had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 0.50%, KEY is doing worse than 73.28% of the companies in the same industry.
  • KEY's Return On Equity of 4.64% is on the low side compared to the rest of the industry. KEY is outperformed by 75.86% of its industry peers.
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

  • KEY has a worse Profit Margin (14.71%) than 85.34% of its industry peers.
  • KEY's Profit Margin has improved in the last couple of years.
  • 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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3

2. KEY.DE Health Analysis

2.1 Basic Checks

  • KEY does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • KEY has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for KEY has been increased compared to 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.
  • Looking at the Debt to FCF ratio, with a value of 3.92, KEY belongs to the top of the industry, outperforming 90.52% of the companies in the same industry.
  • A Debt/Equity ratio of 0.61 indicates that KEY is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.61, KEY is doing good in the industry, outperforming 79.31% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 3.92
Altman-Z N/A
ROIC/WACCN/A
WACC14.49%
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. KEY.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 30.43% over the past year.
  • KEY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.38% yearly.
  • The Revenue has grown by 63.49% in the past year. This is a very strong growth!
  • The Revenue has been growing slightly by 2.26% on average over the past years.
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

  • KEY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.45% yearly.
  • KEY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.16% yearly.
EPS Next Y21.76%
EPS Next 2Y19.73%
EPS Next 3Y14.97%
EPS Next 5Y6.45%
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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5

4. KEY.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.86, the valuation of KEY can be described as correct.
  • 78.45% of the companies in the same industry are cheaper than KEY, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.25. KEY is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 10.57 indicates a reasonable valuation of KEY.
  • KEY's Price/Forward Earnings ratio is in line with the industry average.
  • KEY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 12.86
Fwd PE 10.57
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

  • KEY's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KEY is cheaper than 76.72% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.8
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)0.59
PEG (5Y)3.8
EPS Next 2Y19.73%
EPS Next 3Y14.97%

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

4

5. KEY.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.77%, KEY has a reasonable but not impressive dividend return.
  • KEY's Dividend Yield is comparable with the industry average which is at 4.56.
  • Compared to an average S&P500 Dividend Yield of 1.82, KEY pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.77%

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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KEY.DE Fundamentals: All Metrics, Ratios and Statistics

KEYCORP

FRA:KEY (3/9/2026, 7:00:00 PM)

16.588

-1.01 (-5.75%)

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 Cap18.29B
Revenue(TTM)7.48B
Net Income(TTM)932.00M
Analysts72.59
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.77%
Yearly Dividend0.76
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%
EPS NQ rev (3m)-14.49%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.23%
Valuation
Industry RankSector Rank
PE 12.86
Fwd PE 10.57
P/S 3.36
P/FCF 6.8
P/OCF 6.62
P/B 1.06
P/tB 1.23
EV/EBITDA N/A
EPS(TTM)1.29
EY7.78%
EPS(NY)1.57
Fwd EY9.46%
FCF(TTM)2.44
FCFY14.71%
OCF(TTM)2.51
OCFY15.11%
SpS4.94
BVpS15.66
TBVpS13.51
PEG (NY)0.59
PEG (5Y)3.8
Graham Number21.32
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
WACC14.49%
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 5Y6.45%
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 12.86 and the Price/Book (PB) ratio is 1.06.


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.