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Keyera TSX:KEY Stock Report

Last Price

CA$43.26

Market Cap

CA$9.8b

7D

1.5%

1Y

25.1%

Updated

02 May, 2025

Data

Company Financials +

Keyera Corp.

TSX:KEY Stock Report

Market Cap: CA$9.8b

KEY Stock Overview

Engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. More details

KEY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health2/6
Dividends4/6

Rewards

Trading at 48.2% below our estimate of its fair value

Earnings are forecast to grow 4.35% per year

Earnings grew by 14.8% over the past year

Risk Analysis

Dividend of 4.81% is not well covered by earnings

Has a high level of debt


Community vs My Fair Value

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Select a narrative for quick price alerts from the community, or create your own.

KEY logo
Keyera
AN
AnalystConsensusTarget
Consensus Narrative from 15 Analysts

KFS Frac II Will Increase Capacity And Support Future Operations By Mid-2026

Key Takeaways Strategic agreements and projects are poised to enhance revenue, EBITDA, and midstream connectivity, supporting Keyera's long-term growth targets. Collaborations with AltaGas could boost market access and diversification, potentially improving net margins through increased volumes and cost efficiencies.
View narrative
CA$45.83
FV
5.6% undervalued intrinsic discount
-0.021%
Revenue growth p.a.
0users have liked this narrative
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10users have followed this narrative
2 days ago author updated this narrative
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Keyera Corp. Competitors

South Bow

TSX:SOBO

CA$7.2b

Gibson Energy

TSX:GEI

CA$3.6b

Pembina Pipeline

TSX:PPL

CA$31.0b

TC Energy

TSX:TRP

CA$72.0b

Price History & Performance

Summary of share price highs, lows and changes for Keyera
Historical stock prices
Current Share PriceCA$43.26
52 Week HighCA$47.90
52 Week LowCA$34.38
Beta1.55
1 Month Change-6.67%
3 Month Change4.90%
1 Year Change25.10%
3 Year Change35.95%
5 Year Change108.08%
Change since IPO721.65%

Recent News & Updates

Here's Why Keyera (TSE:KEY) Has Caught The Eye Of Investors

Mar 11
Here's Why Keyera (TSE:KEY) Has Caught The Eye Of Investors

Keyera (TSE:KEY) Shareholders Will Want The ROCE Trajectory To Continue

Feb 27
Keyera (TSE:KEY) Shareholders Will Want The ROCE Trajectory To Continue

Recent updates

Here's Why Keyera (TSE:KEY) Has Caught The Eye Of Investors

Mar 11
Here's Why Keyera (TSE:KEY) Has Caught The Eye Of Investors

Keyera (TSE:KEY) Shareholders Will Want The ROCE Trajectory To Continue

Feb 27
Keyera (TSE:KEY) Shareholders Will Want The ROCE Trajectory To Continue

Keyera Corp.'s (TSE:KEY) Shares May Have Run Too Fast Too Soon

Feb 10
Keyera Corp.'s (TSE:KEY) Shares May Have Run Too Fast Too Soon

Is There An Opportunity With Keyera Corp.'s (TSE:KEY) 35% Undervaluation?

Jan 17
Is There An Opportunity With Keyera Corp.'s (TSE:KEY) 35% Undervaluation?

Is Keyera (TSE:KEY) A Risky Investment?

Jan 05
Is Keyera (TSE:KEY) A Risky Investment?

If EPS Growth Is Important To You, Keyera (TSE:KEY) Presents An Opportunity

Dec 07
If EPS Growth Is Important To You, Keyera (TSE:KEY) Presents An Opportunity
author-image

Unlocking Growth Potential With Innovative Expansion And Strategic Resilience

Nov 27 Advancements in growth projects and infrastructure could boost net capacity, revenue, and margins through increased demand and service expansion.

Shareholders Will Be Pleased With The Quality of Keyera's (TSE:KEY) Earnings

Nov 22
Shareholders Will Be Pleased With The Quality of Keyera's (TSE:KEY) Earnings

Keyera Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 17
Keyera Corp. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

The Return Trends At Keyera (TSE:KEY) Look Promising

Nov 12
The Return Trends At Keyera (TSE:KEY) Look Promising

Investors Still Waiting For A Pull Back In Keyera Corp. (TSE:KEY)

Oct 11
Investors Still Waiting For A Pull Back In Keyera Corp. (TSE:KEY)

Keyera Corp. (TSE:KEY) Shares Could Be 29% Below Their Intrinsic Value Estimate

Aug 26
Keyera Corp. (TSE:KEY) Shares Could Be 29% Below Their Intrinsic Value Estimate

The Return Trends At Keyera (TSE:KEY) Look Promising

Jul 30
The Return Trends At Keyera (TSE:KEY) Look Promising

Keyera (TSE:KEY) Has A Somewhat Strained Balance Sheet

Jul 14
Keyera (TSE:KEY) Has A Somewhat Strained Balance Sheet

Estimating The Fair Value Of Keyera Corp. (TSE:KEY)

May 08
Estimating The Fair Value Of Keyera Corp. (TSE:KEY)

Shareholder Returns

KEYCA Oil and GasCA Market
7D1.5%0.4%1.4%
1Y25.1%-2.2%11.9%

Return vs Industry: KEY exceeded the Canadian Oil and Gas industry which returned -2.9% over the past year.

Return vs Market: KEY exceeded the Canadian Market which returned 11.5% over the past year.

Price Volatility

Is KEY's price volatile compared to industry and market?
KEY volatility
KEY Average Weekly Movement4.0%
Oil and Gas Industry Average Movement8.8%
Market Average Movement9.6%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market4.1%

Stable Share Price: KEY has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: KEY's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998n/aC. Setoguchiwww.keyera.com

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.

Keyera Corp. Fundamentals Summary

How do Keyera's earnings and revenue compare to its market cap?
KEY fundamental statistics
Market capCA$9.80b
Earnings (TTM)CA$486.63m
Revenue (TTM)CA$7.14b

20.4x

P/E Ratio

1.4x

P/S Ratio

Is KEY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KEY income statement (TTM)
RevenueCA$7.14b
Cost of RevenueCA$5.75b
Gross ProfitCA$1.39b
Other ExpensesCA$898.97m
EarningsCA$486.63m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 15, 2025

Earnings per share (EPS)2.12
Gross Margin19.41%
Net Profit Margin6.82%
Debt/Equity Ratio130.7%

How did KEY perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

96%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/02 04:10
End of Day Share Price 2025/05/02 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Keyera Corp. is covered by 32 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan HeywoodATB Capital Markets
Theresa ChenBarclays
Christopher TillettBarclays