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KEYCORP (KEY) Stock Fundamental Analysis

USA - NYSE:KEY - US4932671088 - Common Stock

17.445 USD
+0.25 (+1.42%)
Last: 10/13/2025, 9:37:08 AM
Fundamental Rating

3

Taking everything into account, KEY scores 3 out of 10 in our fundamental rating. KEY was compared to 391 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

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2

1. Profitability

1.1 Basic Checks

In the past year KEY was profitable.
In the past year KEY had a positive cash flow from operations.
KEY had positive earnings in 4 of the past 5 years.
KEY had a positive operating cash flow in each of the past 5 years.
KEY Yearly Net Income VS EBIT VS OCF VS FCFKEY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

1.2 Ratios

KEY's Return On Assets of 0.02% is on the low side compared to the rest of the industry. KEY is outperformed by 89.00% of its industry peers.
KEY has a worse Return On Equity (0.17%) than 89.00% of its industry peers.
Industry RankSector Rank
ROA 0.02%
ROE 0.17%
ROIC N/A
ROA(3y)0.41%
ROA(5y)0.66%
ROE(3y)5.78%
ROE(5y)7.73%
ROIC(3y)N/A
ROIC(5y)N/A
KEY Yearly ROA, ROE, ROICKEY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

KEY's Profit Margin of 0.64% is on the low side compared to the rest of the industry. KEY is outperformed by 89.00% of its industry peers.
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) 0.64%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
KEY Yearly Profit, Operating, Gross MarginsKEY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

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1

2. Health

2.1 Basic Checks

KEY does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for KEY has been increased compared to 1 year ago.
The number of shares outstanding for KEY has been increased compared to 5 years ago.
The debt/assets ratio for KEY has been reduced compared to a year ago.
KEY Yearly Shares OutstandingKEY Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
KEY Yearly Total Debt VS Total AssetsKEY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

The Debt to FCF ratio of KEY is 9.62, which is on the high side as it means it would take KEY, 9.62 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KEY (9.62) is worse than 76.73% of its industry peers.
KEY has a Debt/Equity ratio of 0.76. This is a neutral value indicating KEY is somewhat dependend on debt financing.
KEY has a Debt to Equity ratio of 0.76. This is amonst the worse of the industry: KEY underperforms 82.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 9.62
Altman-Z N/A
ROIC/WACCN/A
WACC14.49%
KEY Yearly LT Debt VS Equity VS FCFKEY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
KEY Yearly Current Assets VS Current LiabilitesKEY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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4

3. Growth

3.1 Past

KEY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.65%, which is quite impressive.
Measured over the past years, KEY shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.16% on average per year.
Looking at the last year, KEY shows a very negative growth in Revenue. The Revenue has decreased by -16.20% in the last year.
KEY shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -6.40% yearly.
EPS 1Y (TTM)34.65%
EPS 3Y-24.19%
EPS 5Y-8.16%
EPS Q2Q%40%
Revenue 1Y (TTM)-16.2%
Revenue growth 3Y-14.29%
Revenue growth 5Y-6.4%
Sales Q2Q%20.58%

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 12.26% yearly.
Based on estimates for the next years, KEY will show a small growth in Revenue. The Revenue will grow by 7.28% on average per year.
EPS Next Y26.29%
EPS Next 2Y23.66%
EPS Next 3Y21.15%
EPS Next 5Y12.26%
Revenue Next Year29.61%
Revenue Next 2Y17.27%
Revenue Next 3Y13%
Revenue Next 5Y7.28%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
KEY Yearly Revenue VS EstimatesKEY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2B 4B 6B 8B
KEY Yearly EPS VS EstimatesKEY Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0.5 1 1.5 2 2.5

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.83, the valuation of KEY can be described as correct.
KEY's Price/Earnings is on the same level as the industry average.
KEY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.02.
Based on the Price/Forward Earnings ratio of 9.92, the valuation of KEY can be described as reasonable.
KEY's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.57, KEY is valued rather cheaply.
Industry RankSector Rank
PE 12.83
Fwd PE 9.92
KEY Price Earnings VS Forward Price EarningsKEY 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 in line with the industry average.
Industry RankSector Rank
P/FCF 12.4
EV/EBITDA N/A
KEY Per share dataKEY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

KEY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KEY's earnings are expected to grow with 21.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y23.66%
EPS Next 3Y21.15%

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6

5. Dividend

5.1 Amount

KEY has a Yearly Dividend Yield of 4.51%, which is a nice return.
Compared to an average industry Dividend Yield of 3.60, KEY pays a better dividend. On top of this KEY pays more dividend than 80.82% of the companies listed in the same industry.
KEY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 4.51%

5.2 History

The dividend of KEY has a limited annual growth rate of 2.42%.
KEY has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of KEY decreased recently.
Dividend Growth(5Y)2.42%
Div Incr Years0
Div Non Decr Years1
KEY Yearly Dividends per shareKEY Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

3018.18% 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.
DP3018.18%
EPS Next 2Y23.66%
EPS Next 3Y21.15%
KEY Yearly Income VS Free CF VS DividendKEY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B
KEY Dividend Payout.KEY Dividend Payout, showing the Payout Ratio.KEY Dividend Payout.PayoutRetained Earnings

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KEYCORP

NYSE:KEY (10/13/2025, 9:37:08 AM)

17.445

+0.25 (+1.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-22 2025-07-22/bmo
Earnings (Next)10-16 2025-10-16/bmo
Inst Owners91.2%
Inst Owner Change-0.04%
Ins Owners0.32%
Ins Owner Change0%
Market Cap19.13B
Analysts73.33
Price Target20.62 (18.2%)
Short Float %3.72%
Short Ratio1.36
Dividend
Industry RankSector Rank
Dividend Yield 4.51%
Yearly Dividend0.91
Dividend Growth(5Y)2.42%
DP3018.18%
Div Incr Years0
Div Non Decr Years1
Ex-Date09-02 2025-09-02 (0.205)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.53%
Min EPS beat(2)0.38%
Max EPS beat(2)2.69%
EPS beat(4)4
Avg EPS beat(4)30.36%
Min EPS beat(4)0.38%
Max EPS beat(4)102.75%
EPS beat(8)7
Avg EPS beat(8)16.7%
EPS beat(12)7
Avg EPS beat(12)4.23%
EPS beat(16)10
Avg EPS beat(16)4.46%
Revenue beat(2)2
Avg Revenue beat(2)0.66%
Min Revenue beat(2)0.28%
Max Revenue beat(2)1.04%
Revenue beat(4)4
Avg Revenue beat(4)7.09%
Min Revenue beat(4)0.28%
Max Revenue beat(4)25.72%
Revenue beat(8)5
Avg Revenue beat(8)3.36%
Revenue beat(12)5
Avg Revenue beat(12)1.17%
Revenue beat(16)7
Avg Revenue beat(16)1.16%
PT rev (1m)1.05%
PT rev (3m)12.44%
EPS NQ rev (1m)1.07%
EPS NQ rev (3m)0.12%
EPS NY rev (1m)0.19%
EPS NY rev (3m)0.05%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 12.83
Fwd PE 9.92
P/S 3.73
P/FCF 12.4
P/OCF 11.84
P/B 0.98
P/tB 1.14
EV/EBITDA N/A
EPS(TTM)1.36
EY7.8%
EPS(NY)1.76
Fwd EY10.08%
FCF(TTM)1.41
FCFY8.07%
OCF(TTM)1.47
OCFY8.45%
SpS4.68
BVpS17.77
TBVpS15.24
PEG (NY)0.49
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.02%
ROE 0.17%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 0.64%
GM N/A
FCFM 30.06%
ROA(3y)0.41%
ROA(5y)0.66%
ROE(3y)5.78%
ROE(5y)7.73%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF 9.62
Debt/EBITDA N/A
Cap/Depr 208.57%
Cap/Sales 1.42%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 4675.76%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC14.49%
ROIC/WACCN/A
Cap/Depr(3y)91.28%
Cap/Depr(5y)107.37%
Cap/Sales(3y)1.71%
Cap/Sales(5y)1.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.65%
EPS 3Y-24.19%
EPS 5Y-8.16%
EPS Q2Q%40%
EPS Next Y26.29%
EPS Next 2Y23.66%
EPS Next 3Y21.15%
EPS Next 5Y12.26%
Revenue 1Y (TTM)-16.2%
Revenue growth 3Y-14.29%
Revenue growth 5Y-6.4%
Sales Q2Q%20.58%
Revenue Next Year29.61%
Revenue Next 2Y17.27%
Revenue Next 3Y13%
Revenue Next 5Y7.28%
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 1Y-68.11%
FCF growth 3Y-18.02%
FCF growth 5Y-26.65%
OCF growth 1Y-67.46%
OCF growth 3Y-16.8%
OCF growth 5Y-25.57%