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Keyera TSX:KEY Stock Report

Last Price

CA$42.81

Market Cap

CA$9.8b

7D

-1.4%

1Y

35.1%

Updated

20 Dec, 2024

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 Performance4/6
Financial Health3/6
Dividends4/6

Rewards

Trading at 49% below our estimate of its fair value

Earnings are forecast to grow 6.34% per year

Earnings grew by 52.6% over the past year

Risk Analysis

Dividend of 4.86% is not well covered by earnings

Has a high level of debt

Large one-off items impacting financial results

Significant insider selling over the past 3 months


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 14 Analysts

Growing Demand From LNG Canada And TMX Will Spur Future Service Expansion

Key Takeaways Advancements in growth projects and infrastructure could boost net capacity, revenue, and margins through increased demand and service expansion. Strong financial positioning and strategic investments, including share buyback, support future earnings growth and enhanced shareholder returns.
View narrative
CA$45.68
FV
6.3% undervalued intrinsic discount
-0.26%
Revenue growth p.a.
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2 days ago author updated this narrative

Keyera Corp. Competitors

Gibson Energy

TSX:GEI

CA$4.0b

Pembina Pipeline

TSX:PPL

CA$30.1b

TC Energy

TSX:TRP

CA$67.7b

Enbridge

TSX:ENB

CA$127.5b

Price History & Performance

Summary of share price highs, lows and changes for Keyera
Historical stock prices
Current Share PriceCA$42.81
52 Week HighCA$47.90
52 Week LowCA$31.16
Beta2.07
1 Month Change-7.90%
3 Month Change4.24%
1 Year Change35.13%
3 Year Change51.75%
5 Year Change24.70%
Change since IPO713.11%

Recent News & Updates

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

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

Recent updates

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

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)

Getting In Cheap On Keyera Corp. (TSE:KEY) Might Be Difficult

Apr 26
Getting In Cheap On Keyera Corp. (TSE:KEY) Might Be Difficult

Does Keyera (TSE:KEY) Have A Healthy Balance Sheet?

Apr 14
Does Keyera (TSE:KEY) Have A Healthy Balance Sheet?

Should You Be Adding Keyera (TSE:KEY) To Your Watchlist Today?

Mar 21
Should You Be Adding Keyera (TSE:KEY) To Your Watchlist Today?

Keyera's (TSE:KEY) Earnings Offer More Than Meets The Eye

Feb 21
Keyera's (TSE:KEY) Earnings Offer More Than Meets The Eye

A Look At The Fair Value Of Keyera Corp. (TSE:KEY)

Jan 26
A Look At The Fair Value Of Keyera Corp. (TSE:KEY)

The Returns At Keyera (TSE:KEY) Aren't Growing

Dec 30
The Returns At Keyera (TSE:KEY) Aren't Growing

Shareholder Returns

KEYCA Oil and GasCA Market
7D-1.4%-3.5%-2.6%
1Y35.1%11.3%15.2%

Return vs Industry: KEY exceeded the Canadian Oil and Gas industry which returned 11.1% over the past year.

Return vs Market: KEY exceeded the Canadian Market which returned 15% over the past year.

Price Volatility

Is KEY's price volatile compared to industry and market?
KEY volatility
KEY Average Weekly Movement2.5%
Oil and Gas Industry Average Movement6.3%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market2.9%

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 (2%) 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$9.77b
Earnings (TTM)CA$446.91m
Revenue (TTM)CA$7.50b

22.0x

P/E Ratio

1.3x

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$7.50b
Cost of RevenueCA$5.98b
Gross ProfitCA$1.52b
Other ExpensesCA$1.08b
EarningsCA$446.91m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.95
Gross Margin20.31%
Net Profit Margin5.96%
Debt/Equity Ratio130.5%

How did KEY perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

104%

Payout Ratio

Does KEY pay a reliable dividends?

See KEY dividend history and benchmarks
When do you need to buy KEY by to receive an upcoming dividend?
Keyera dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateDec 31 2024
Days until Ex dividend8 days
Days until Dividend pay date10 days

Does KEY pay a reliable dividends?

See KEY dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:54
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Keyera Corp. is covered by 34 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