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KEYCORP (KEY) Stock Fundamental Analysis

NYSE:KEY - New York Stock Exchange, Inc. - US4932671088 - Common Stock - Currency: USD

15.945  -0.09 (-0.53%)

Fundamental Rating

3

Taking everything into account, KEY scores 3 out of 10 in our fundamental rating. KEY was compared to 396 industry peers in the Banks industry. Both the profitability and financial health of KEY have multiple concerns. KEY has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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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.
KEY had positive earnings in 4 of the past 5 years.
Each year in the past 5 years KEY had a positive operating cash flow.
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 has a Return On Assets of -0.06%. This is amonst the worse of the industry: KEY underperforms 91.67% of its industry peers.
KEY has a worse Return On Equity (-0.62%) than 91.67% of its industry peers.
Industry RankSector Rank
ROA -0.06%
ROE -0.62%
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 does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
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.
KEY has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, KEY has more shares outstanding
Compared to 1 year ago, KEY has an improved debt to assets ratio.
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

KEY has a debt to FCF ratio of 144.53. This is a negative value and a sign of low solvency as KEY would need 144.53 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 144.53, KEY is doing worse than 88.13% of the companies in the same industry.
A Debt/Equity ratio of 0.78 indicates that KEY is somewhat dependend on debt financing.
KEY has a Debt to Equity ratio of 0.78. This is amonst the worse of the industry: KEY underperforms 84.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 144.53
Altman-Z N/A
ROIC/WACCN/A
WACC14.82%
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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3. Growth

3.1 Past

KEY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.33%, which is quite impressive.
The Earnings Per Share has been decreasing by -8.16% on average over the past years.
Looking at the last year, KEY shows a very negative growth in Revenue. The Revenue has decreased by -22.30% in the last year.
The Revenue has been decreasing by -6.40% on average over the past years.
EPS 1Y (TTM)22.33%
EPS 3Y-24.19%
EPS 5Y-8.16%
EPS Q2Q%50%
Revenue 1Y (TTM)-22.3%
Revenue growth 3Y-14.29%
Revenue growth 5Y-6.4%
Sales Q2Q%15.66%

3.2 Future

The Earnings Per Share is expected to grow by 10.78% on average over the next years. This is quite good.
KEY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.67% yearly.
EPS Next Y25.79%
EPS Next 2Y23.16%
EPS Next 3Y19.03%
EPS Next 5Y10.78%
Revenue Next Year28.39%
Revenue Next 2Y16.85%
Revenue Next 3Y12.1%
Revenue Next 5Y7.67%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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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4. Valuation

4.1 Price/Earnings Ratio

KEY is valuated correctly with a Price/Earnings ratio of 12.65.
KEY's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of KEY to the average of the S&P500 Index (26.46), we can say KEY is valued rather cheaply.
The Price/Forward Earnings ratio is 9.14, which indicates a very decent valuation of KEY.
The rest of the industry has a similar Price/Forward Earnings ratio as KEY.
KEY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.30.
Industry RankSector Rank
PE 12.65
Fwd PE 9.14
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

Based on the Price/Free Cash Flow ratio, KEY is valued more expensive than 86.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 171.32
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.
A more expensive valuation may be justified as KEY's earnings are expected to grow with 19.03% in the coming years.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y23.16%
EPS Next 3Y19.03%

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6

5. Dividend

5.1 Amount

KEY has a Yearly Dividend Yield of 5.14%, which is a nice return.
KEY's Dividend Yield is rather good when compared to the industry average which is at 3.46. KEY pays more dividend than 88.38% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, KEY pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.14%

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

KEY has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of KEY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-816.1%
EPS Next 2Y23.16%
EPS Next 3Y19.03%
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

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KEYCORP

NYSE:KEY (6/4/2025, 1:07:10 PM)

15.945

-0.09 (-0.53%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-17 2025-04-17/bmo
Earnings (Next)07-22 2025-07-22/bmo
Inst Owners85.75%
Inst Owner Change3.63%
Ins Owners0.3%
Ins Owner Change0.18%
Market Cap17.47B
Analysts76.15
Price Target18.07 (13.33%)
Short Float %1.96%
Short Ratio1.38
Dividend
Industry RankSector Rank
Dividend Yield 5.14%
Yearly Dividend0.91
Dividend Growth(5Y)2.42%
DP-816.1%
Div Incr Years0
Div Non Decr Years1
Ex-Date05-27 2025-05-27 (0.205)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.35%
Min EPS beat(2)3.09%
Max EPS beat(2)15.61%
EPS beat(4)4
Avg EPS beat(4)30.93%
Min EPS beat(4)2.26%
Max EPS beat(4)102.75%
EPS beat(8)6
Avg EPS beat(8)15%
EPS beat(12)7
Avg EPS beat(12)4.47%
EPS beat(16)10
Avg EPS beat(16)6.61%
Revenue beat(2)2
Avg Revenue beat(2)0.79%
Min Revenue beat(2)0.28%
Max Revenue beat(2)1.31%
Revenue beat(4)3
Avg Revenue beat(4)6.6%
Min Revenue beat(4)-0.91%
Max Revenue beat(4)25.72%
Revenue beat(8)4
Avg Revenue beat(8)2.83%
Revenue beat(12)4
Avg Revenue beat(12)1.03%
Revenue beat(16)7
Avg Revenue beat(16)1.15%
PT rev (1m)-1.48%
PT rev (3m)-11.34%
EPS NQ rev (1m)-0.93%
EPS NQ rev (3m)-6.15%
EPS NY rev (1m)-1.05%
EPS NY rev (3m)-3.04%
Revenue NQ rev (1m)-0.22%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.32%
Valuation
Industry RankSector Rank
PE 12.65
Fwd PE 9.14
P/S 3.63
P/FCF 171.32
P/OCF 105.91
P/B 0.92
P/tB 1.08
EV/EBITDA N/A
EPS(TTM)1.26
EY7.9%
EPS(NY)1.74
Fwd EY10.94%
FCF(TTM)0.09
FCFY0.58%
OCF(TTM)0.15
OCFY0.94%
SpS4.39
BVpS17.34
TBVpS14.81
PEG (NY)0.49
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.06%
ROE -0.62%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 2.12%
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-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 144.53
Debt/EBITDA N/A
Cap/Depr 121.15%
Cap/Sales 1.31%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC14.82%
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)22.33%
EPS 3Y-24.19%
EPS 5Y-8.16%
EPS Q2Q%50%
EPS Next Y25.79%
EPS Next 2Y23.16%
EPS Next 3Y19.03%
EPS Next 5Y10.78%
Revenue 1Y (TTM)-22.3%
Revenue growth 3Y-14.29%
Revenue growth 5Y-6.4%
Sales Q2Q%15.66%
Revenue Next Year28.39%
Revenue Next 2Y16.85%
Revenue Next 3Y12.1%
Revenue Next 5Y7.67%
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-97.57%
FCF growth 3Y-18.02%
FCF growth 5Y-26.65%
OCF growth 1Y-96.17%
OCF growth 3Y-16.8%
OCF growth 5Y-25.57%