KEYCORP (KEY)

US4932671088 - Common Stock

15.81  +0.17 (+1.09%)

After market: 14.225 -1.59 (-10.03%)

Fundamental Rating

3

Overall KEY gets a fundamental rating of 3 out of 10. We evaluated KEY against 415 industry peers in the Banks industry. KEY may be in some trouble as it scores bad on both profitability and health. KEY has a valuation in line with the averages, but it does not seem to be growing. Finally KEY also has an excellent dividend rating.



2

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.
Each year in the past 5 years KEY has been profitable.
In the past 5 years KEY always reported a positive cash flow from operatings.

1.2 Ratios

With a Return On Assets value of 0.44%, KEY is not doing good in the industry: 84.58% of the companies in the same industry are doing better.
With a Return On Equity value of 5.63%, KEY is not doing good in the industry: 80.96% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.44%
ROE 5.63%
ROIC N/A
ROA(3y)0.91%
ROA(5y)0.92%
ROE(3y)11.15%
ROE(5y)9.97%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Profit Margin of KEY (12.91%) is worse than 85.30% of its industry peers.
In the last couple of years the Profit Margin of KEY has declined.
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) 12.91%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.3%
PM growth 5Y-14.36%
GM growth 3YN/A
GM growth 5YN/A

1

2. Health

2.1 Basic Checks

KEY does not have a ROIC to compare to the WACC, probably because it is not profitable.
KEY has more shares outstanding than it did 1 year ago.
The number of shares outstanding for KEY has been reduced compared to 5 years ago.
Compared to 1 year ago, KEY has an improved debt to assets ratio.

2.2 Solvency

KEY has a debt to FCF ratio of 8.20. This is a slightly negative value and a sign of low solvency as KEY would need 8.20 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.20, KEY is doing worse than 75.90% of the companies in the same industry.
KEY has a Debt/Equity ratio of 1.55. This is a high value indicating a heavy dependency on external financing.
KEY has a Debt to Equity ratio of 1.55. This is amonst the worse of the industry: KEY underperforms 89.40% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.55
Debt/FCF 8.2
Altman-Z N/A
ROIC/WACCN/A
WACC11.74%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

3

3. Growth

3.1 Past

KEY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -42.19%.
KEY shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.70% yearly.
Looking at the last year, KEY shows a very negative growth in Revenue. The Revenue has decreased by -11.90% in the last year.
KEY shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.13% yearly.
EPS 1Y (TTM)-42.19%
EPS 3Y-4.39%
EPS 5Y-8.7%
EPS growth Q2Q-34.21%
Revenue 1Y (TTM)-11.9%
Revenue growth 3Y-1.53%
Revenue growth 5Y-0.13%
Revenue growth Q2Q-19.04%

3.2 Future

KEY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.26% yearly.
KEY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.89% yearly.
EPS Next Y7.85%
EPS Next 2Y23.74%
EPS Next 3Y23.92%
EPS Next 5Y14.26%
Revenue Next Year0.22%
Revenue Next 2Y5.72%
Revenue Next 3Y6.83%
Revenue Next 5Y4.89%

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 accelerating: in the next years the growth will be better than in the last years.

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 14.24, the valuation of KEY can be described as correct.
KEY's Price/Earnings ratio is a bit more expensive when compared to the industry. KEY is more expensive than 78.31% 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 26.42.
KEY is valuated correctly with a Price/Forward Earnings ratio of 13.21.
KEY's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. KEY is more expensive than 63.61% of the companies in the same industry.
KEY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.74.
Industry RankSector Rank
PE 14.24
Fwd PE 13.21

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, KEY is valued cheaper than 85.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.35
EV/EBITDA N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as KEY's earnings are expected to grow with 23.92% in the coming years.
PEG (NY)1.81
PEG (5Y)N/A
EPS Next 2Y23.74%
EPS Next 3Y23.92%

7

5. Dividend

5.1 Amount

KEY has a Yearly Dividend Yield of 5.34%, which is a nice return.
KEY's Dividend Yield is rather good when compared to the industry average which is at 3.70. KEY pays more dividend than 86.27% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, KEY pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.34%

5.2 History

The dividend of KEY is nicely growing with an annual growth rate of 9.18%!
KEY has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)9.18%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

110.56% 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.
DP110.56%
EPS Next 2Y23.74%
EPS Next 3Y23.92%

KEYCORP

NYSE:KEY (3/28/2024, 5:05:00 PM)

After market: 14.225 -1.59 (-10.03%)

15.81

+0.17 (+1.09%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap14.76B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 5.34%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 14.24
Fwd PE 13.21
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.81
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.44%
ROE 5.63%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 12.91%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 1.55
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-42.19%
EPS 3Y-4.39%
EPS 5Y
EPS growth Q2Q
EPS Next Y7.85%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.9%
Revenue growth 3Y-1.53%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y