| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
KEG.UN Stock Overview
The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust.
Keg Royalties Income Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$16.70 |
| 52 Week High | CA$17.00 |
| 52 Week Low | CA$13.62 |
| Beta | 1.47 |
| 1 Month Change | 6.10% |
| 3 Month Change | 8.09% |
| 1 Year Change | 19.03% |
| 3 Year Change | 1.95% |
| 5 Year Change | -18.74% |
| Change since IPO | 67.00% |
Recent News & Updates
Shareholder Returns
| KEG.UN | CA Hospitality | CA Market | |
|---|---|---|---|
| 7D | 2.5% | -0.02% | 1.5% |
| 1Y | 19.0% | -7.7% | 2.1% |
Return vs Industry: KEG.UN exceeded the Canadian Hospitality industry which returned -7.7% over the past year.
Return vs Market: KEG.UN exceeded the Canadian Market which returned 2.1% over the past year.
Price Volatility
| KEG.UN volatility | |
|---|---|
| KEG.UN Average Weekly Movement | 3.6% |
| Hospitality Industry Average Movement | 5.5% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in CA Market | 18.9% |
| 10% least volatile stocks in CA Market | 4.2% |
Stable Share Price: KEG.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KEG.UN's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2002 | n/a | n/a | https://www.kegincomefund.com |
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 procedures and systems, and other intellectual property used in connection with the operation of Keg steakhouse restaurants and bars. As of December 31, 2021, it had 106 Keg restaurants in operation, including 39 in Canada and 10 in the United Sates; and 57 Keg restaurants, which are owned and operated by Keg franchisees in Canada.
Keg Royalties Income Fund Fundamentals Summary
| KEG.UN fundamental statistics | |
|---|---|
| Market Cap | CA$278.53m |
| Earnings (TTM) | CA$7.81m |
| Revenue (TTM) | CA$29.06m |
24.3x
P/E Ratio6.5x
P/S RatioIs KEG.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KEG.UN income statement (TTM) | |
|---|---|
| Revenue | CA$29.06m |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$29.06m |
| Other Expenses | CA$21.25m |
| Earnings | CA$7.81m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.69 |
| Gross Margin | 100.00% |
| Net Profit Margin | 26.86% |
| Debt/Equity Ratio | 153.7% |
How did KEG.UN perform over the long term?
See historical performance and comparisonDividends
6.8%
Current Dividend Yield154%
Payout RatioDoes KEG.UN pay a reliable dividends?
See KEG.UN dividend history and benchmarks| Keg Royalties Income Fund dividend dates | |
|---|---|
| Ex Dividend Date | Aug 18 2022 |
| Dividend Pay Date | Aug 31 2022 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 12 days |
Does KEG.UN pay a reliable dividends?
See KEG.UN dividend history and benchmarksValuation
Is KEG.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KEG.UN?
Other financial metrics that can be useful for relative valuation.
| What is KEG.UN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$278.53m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 11.7x |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does KEG.UN's PE Ratio compare to its peers?
| KEG.UN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.7x | ||
BPF.UN Boston Pizza Royalties Income Fund | 10.9x | -6.4% | CA$411.4m |
PZA Pizza Pizza Royalty | 17.1x | n/a | CA$441.5m |
AW.UN A&W Revenue Royalties Income Fund | 15.6x | n/a | CA$542.9m |
SRV.UN SIR Royalty Income Fund | 3.2x | n/a | CA$137.4m |
KEG.UN Keg Royalties Income Fund | 24.3x | n/a | CA$278.5m |
Price-To-Earnings vs Peers: KEG.UN is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (11.7x).
Price to Earnings Ratio vs Industry
How does KEG.UN's PE Ratio compare vs other companies in the North American Hospitality Industry?
Price-To-Earnings vs Industry: KEG.UN is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Canadian Hospitality industry average (15.7x)
Price to Earnings Ratio vs Fair Ratio
What is KEG.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 24.3x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KEG.UN's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of KEG.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KEG.UN (CA$16.7) is trading below our estimate of fair value (CA$27.61)
Significantly Below Fair Value: KEG.UN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Keg Royalties Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
27.1%
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Keg Royalties Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Keg Royalties Income Fund is a dividend payer. Have a look at its current yield, dividend levels over time and whether analysts believe the payout ratio will be sustainable moving forward.
- Keg Royalties Income Fund competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Keg Royalties Income Fund performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-22.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEG.UN has high quality earnings.
Growing Profit Margin: KEG.UN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: KEG.UN has become profitable over the past 5 years, growing earnings by -22.6% per year.
Accelerating Growth: KEG.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: KEG.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (17.8%).
Return on Equity
High ROE: KEG.UN's Return on Equity (7.8%) is considered low.
Discover strong past performing companies
Financial Health
How is Keg Royalties Income Fund's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: KEG.UN's short term assets (CA$5.5M) exceed its short term liabilities (CA$2.4M).
Long Term Liabilities: KEG.UN's short term assets (CA$5.5M) do not cover its long term liabilities (CA$155.6M).
Debt to Equity History and Analysis
Debt Level: KEG.UN's net debt to equity ratio (151.4%) is considered high.
Reducing Debt: KEG.UN's debt to equity ratio has reduced from 204.4% to 153.7% over the past 5 years.
Debt Coverage: KEG.UN's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: KEG.UN's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Dividend
What is Keg Royalties Income Fund current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
6.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KEG.UN's dividend (6.8%) is higher than the bottom 25% of dividend payers in the Canadian market (1.86%).
High Dividend: KEG.UN's dividend (6.8%) is in the top 25% of dividend payers in the Canadian market (5.31%)
Stability and Growth of Payments
Stable Dividend: KEG.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: KEG.UN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (154.4%), KEG.UN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (80.9%), KEG.UN's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
20.3yrs
Average board tenure
CEO
Keg Royalties Income Fund has no CEO, or we have no data on them.
Board Members
Experienced Board: KEG.UN's board of directors are seasoned and experienced ( 20.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The Keg Royalties Income Fund's 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
- Implied Market Cap: CA$278.531m
- Market Cap: CA$189.603m
- Shares outstanding: 16.68m
- Website: https://www.kegincomefund.com
Location
- The Keg Royalties Income Fund
- 10100 Shellbridge Way
- Richmond
- British Columbia
- V6X 2W7
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/18 00:00 |
| End of Day Share Price | 2022/08/18 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.