Keg Royalties Income Fund
Market Cap
CA$190.1m
Last Updated
2019/09/17 23:37 UTC
Data Sources
Company Financials +
Executive Summary
The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust.
Snowflake
Risks
- Keg Royalties Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
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Share Price & News
How has Keg Royalties Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.4%
TSX:KEG.UN
0.3%
CA Hospitality
1.6%
CA Market
1 Year Return
-4.7%
TSX:KEG.UN
-17.4%
CA Hospitality
-0.3%
CA Market
KEG.UN outperformed the Hospitality industry which returned -16.5% over the past year.
KEG.UN underperformed the Market in Canada which returned -0.5% over the past year.
Share holder returns
| KEG.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | 0.3% | 1.6% |
| 30 Day | 2.1% | 6.5% | 4.1% |
| 90 Day | -3.7% | -2.9% | 1.1% |
| 1 Year | 2.1%-4.7% | -16.8%-17.4% | 3.3%-0.3% |
| 3 Year | -5.5%-20.7% | 22.9%19.6% | 19.3%8.6% |
| 5 Year | 32.0%-1.2% | -3.4%-6.2% | 21.6%4.1% |
Price Volatility Vs. Market
How volatile is Keg Royalties Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Does The Keg Royalties Income Fund's (TSE:KEG.UN) PE Ratio Warrant A Buy?1 year ago | Simply Wall St
How The Keg Royalties Income Fund (TSE:KEG.UN) Delivered A Better ROE Than Its Industry1 year ago | Simply Wall St
The Keg Royalties Income Fund (TSE:KEG.UN): Why Return On Capital Employed Is ImportantValuation
Is Keg Royalties Income Fund undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Keg Royalties Income Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
Keg Royalties Income Fund's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
Keg Royalties Income Fund is good value based on earnings compared to the CA Hospitality industry average.
Keg Royalties Income Fund is good value based on earnings compared to the Canada market.
Price Based on Expected Growth
Keg Royalties Income Fund earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
Keg Royalties Income Fund is overvalued based on assets compared to the CA Hospitality industry average.
Future Growth
How is Keg Royalties Income Fund expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
-3.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Keg Royalties Income Fund's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Keg Royalties Income Fund's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Keg Royalties Income Fund's revenue growth is positive but not above the Canada market average.
Keg Royalties Income Fund's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
Keg Royalties Income Fund's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Keg Royalties Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Past Performance
How has Keg Royalties Income Fund performed over the past 5 years?
33.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Keg Royalties Income Fund has delivered over 20% year on year earnings growth in the past 5 years.
Keg Royalties Income Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Keg Royalties Income Fund's 1-year earnings growth is negative, it can't be compared to the CA Hospitality industry average.
Return on Equity
Keg Royalties Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Keg Royalties Income Fund used its assets more efficiently than the CA Hospitality industry average last year based on Return on Assets.
Return on Capital Employed
Keg Royalties Income Fund has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Financial Health
How is Keg Royalties Income Fund's financial position?
Financial Position Analysis
Keg Royalties Income Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Keg Royalties Income Fund's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Keg Royalties Income Fund's level of debt (14.8%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (14.8% vs 14.8% today).
Debt is well covered by operating cash flow (176.7%, greater than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.4x debt.
Dividend
What is Keg Royalties Income Fund's current dividend yield, its reliability and sustainability?
6.99%
Expected Dividend Yield
Dividend Yield and Payments Analysis
Keg Royalties Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (1.99%).
Keg Royalties Income Fund's dividend is above the markets top 25% of dividend payers in Canada (5.8%).
Dividends per share have been stable in the past 10 years.
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.2x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Management
What is the CEO of Keg Royalties Income Fund's salary, the management and board of directors tenure and is there insider trading?
12.5yrs
Average management tenure
CEO
Keg Royalties Income Fund has no CEO, or we have no data on them.
Management Age and Tenure
12.5yrs
Average Tenure
The average tenure for the Keg Royalties Income Fund management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
17.3yrs
Average Tenure
The average tenure for the Keg Royalties Income Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Shares | 18,660 |
| Max Price | CA$17.39 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | CA$17.47 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 10,000 |
| Max Price | CA$15.87 |
Ownership Breakdown
Management Team
David Aisenstat
President & Director of Keg GP Ltd and President
- Tenure: 0yrs
Christopher Woodward
Chairman of the Board of Trustees & Corporate Secretary
- Tenure: 0yrs
- Compensation: CA$30.50k
Neil MacLean
Exec. VP
- Tenure: 17.3yrs
James Henderson
Executive Vice President of Business Development - Keg Restaurants Ltd.
- Tenure: 12.5yrs
Doug Smith
Executive VP & COO of Keg Restaurants Ltd
- Tenure: 8.3yrs
Board Members
Peter Brown (78yo)
Director of Keg Restaurants Ltd
- Tenure: 0yrs
David Aisenstat
President & Director of Keg GP Ltd and President
- Tenure: 0yrs
Christopher Woodward
Chairman of the Board of Trustees & Corporate Secretary
- Tenure: 0yrs
- Compensation: CA$30.50k
Neil MacLean
Exec. VP
- Tenure: 17.3yrs
George Killy
- Tenure: 17.4yrs
- Compensation: CA$30.50k
Tim Kerr
- Tenure: 6.3yrs
- Compensation: CA$30.50k
Company Information
The Keg Royalties Income Fund's company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Keg Royalties Income Fund
- Ticker: KEG.UN
- Exchange: TSX
- Founded: 2002
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: CA$190.058m
- Shares outstanding: 11.35m
- Website: https://www.kegincomefund.com
Number of Employees
Location
- The Keg Royalties Income Fund
- 10100 Shellbridge Way
- Richmond
- British Columbia
- V6X 2W7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KEG.UN | TSX (The Toronto Stock Exchange) | Yes | Fund Units | CA | CAD | May 2002 |
| KRIU.F | OTCPK (Pink Sheets LLC) | Yes | Fund Units | US | USD | May 2002 |
Biography
The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating pr ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/17 23:37 |
| End of Day Share Price | 2019/09/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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 here.