Canadian LNG And NGL Terminal Expansions Will Unlock Resilient Value

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

27 Nov 24

Updated

11 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

3.5%

7D

-1.3%

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1Y

3.5%

7D

-1.3%

You can edit this narrative until Dec 12 1:05 AM. Then, changes will post as Updates.

Author's Valuation

CA$51.4312.6% undervalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 1.41%

KEY: Improved Asset Uptime Will Support Stronger Earnings And Share Price Upside

Analysts have modestly raised their price target on Keyera, with fair value estimates increasing from about C$50.71 to C$51.43. They cite expectations for sequential Q3 earnings improvement driven by higher base asset uptime and steady growth across the core business.

Shared on 01 May 25

Fair value Increased 6.97%

Shared on 23 Apr 25

AnalystConsensusTarget has increased revenue growth from -1.9% to -0.0%.

Shared on 17 Apr 25

Fair value Decreased 1.00%

AnalystConsensusTarget has decreased revenue growth from -1.4% to -1.9%.

Shared on 09 Apr 25

AnalystConsensusTarget has decreased discount rate from 7.6% to 6.8%.

Shared on 02 Apr 25

Fair value Increased 3.34%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 7.45%

AnalystConsensusTarget has decreased revenue growth from -2.2% to -1.4%.

AnalystConsensusTarget Fair Value

CA$51.43

12.6% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

16.43%

Oil and Gas revenue growth rate

1.24%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

6.35%

Calculation

CA$859.94m

Earnings '28

x

16.48x

PE Ratio '28

=

CA$14.17b

Market Cap '28

CA$14.17b

Market Cap '28

/

229.67m

No. shares '28

=

CA$61.71

Share Price '28

CA$61.71 Share Price '28

Discounted to 2025 @ 6.37% p.a.

=

CA$51.28

Fair Value '25