Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States.
+ 1 more risk
Good value with proven track record and pays a dividend.
Share Price & News
How has Keyera's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEY's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: KEY underperformed the Canadian Oil and Gas industry which returned -46.7% over the past year.
Return vs Market: KEY underperformed the Canadian Market which returned -26% over the past year.
Price Volatility Vs. Market
How volatile is Keyera's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StAre Keyera Corp.’s (TSE:KEY) High Returns Really That Great?
2 months ago | Simply Wall StIs Keyera Corp. (TSE:KEY) Trading At A 38% Discount?
3 months ago | Simply Wall StHave Insiders Been Selling Keyera Corp. (TSE:KEY) Shares?
Is Keyera undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEY (CA$12.19) is trading below our estimate of fair value (CA$40.52)
Significantly Below Fair Value: KEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEY is good value based on its PE Ratio (5.9x) compared to the Oil and Gas industry average (6x).
PE vs Market: KEY is good value based on its PE Ratio (5.9x) compared to the Canadian market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: KEY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: KEY is overvalued based on its PB Ratio (0.9x) compared to the CA Oil and Gas industry average (0.4x).
How is Keyera forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEY's earnings are forecast to decline over the next 3 years (-5.7% per year).
Earnings vs Market: KEY's earnings are forecast to decline over the next 3 years (-5.7% per year).
High Growth Earnings: KEY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: KEY's revenue (5% per year) is forecast to grow faster than the Canadian market (3.9% per year).
High Growth Revenue: KEY's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEY's Return on Equity is forecast to be low in 3 years time (12.7%).
How has Keyera performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEY has high quality earnings.
Growing Profit Margin: KEY's current net profit margins (12.3%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: KEY's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: KEY's earnings growth over the past year (10.1%) is below its 5-year average (18.9% per year).
Earnings vs Industry: KEY earnings growth over the past year (10.1%) exceeded the Oil and Gas industry -2.5%.
Return on Equity
High ROE: KEY's Return on Equity (14.5%) is considered low.
How is Keyera's financial position?
Financial Position Analysis
Short Term Liabilities: KEY's short term assets (CA$656.3M) do not cover its short term liabilities (CA$817.0M).
Long Term Liabilities: KEY's short term assets (CA$656.3M) do not cover its long term liabilities (CA$3.6B).
Debt to Equity History and Analysis
Debt Level: KEY's debt to equity ratio (90.8%) is considered high.
Reducing Debt: KEY's debt to equity ratio has reduced from 98.1% to 90.8% over the past 5 years.
Debt Coverage: KEY's debt is well covered by operating cash flow (32%).
Interest Coverage: KEY's interest payments on its debt are well covered by EBIT (6x coverage).
Inventory Level: KEY has a high level of physical assets or inventory.
Debt Coverage by Assets: KEY's debt is not covered by short term assets (assets are 0.2x debt).
What is Keyera's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KEY's dividend (15.75%) is higher than the bottom 25% of dividend payers in the Canadian market (2.73%).
High Dividend: KEY's dividend (15.75%) is in the top 25% of dividend payers in the Canadian market (8.76%)
Stability and Growth of Payments
Stable Dividend: KEY's dividend payments have been volatile in the past 10 years.
Growing Dividend: KEY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (89.3%), KEY's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEY's dividends in 3 years are not forecast to be well covered by earnings (121.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Smith (61yo)
Mr. David G. Smith has been the Chief Executive Officer of Keyera Corp. since January 1, 2015 and served as its President since January 1, 2015 until March 01, 2020 . Mr. Smith served as the President and ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD2.75M) is about average for companies of similar size in the Canadian market ($USD2.50M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|CEO & Director||5.17yrs||CA$3.87m||0.29% CA$7.3m|
|President & Chief Commercial Officer||no data||CA$1.67m||0.093% CA$2.4m|
|Senior VP & CFO||7.25yrs||CA$1.64m||0.052% CA$1.3m|
|Senior VP & COO||1.25yrs||CA$1.67m||0.087% CA$2.2m|
|Director of Investor Relations||no data||no data||no data|
|Senior VP||0.67yr||no data||no data|
|Vice President of Marketing||1.25yrs||CA$259.69k||0.0043% CA$110.1k|
|Vice President of Corporate Development & Strategic Planning||1.25yrs||no data||0.0039% CA$99.6k|
|Senior VP of Human Resources & Corporate Services||7yrs||no data||0.0088% CA$226.4k|
|Vice President||no data||no data||0.00019% CA$4.9k|
Experienced Management: KEY's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|CEO & Director||5.17yrs||CA$3.87m||0.29% CA$7.3m|
|Independent Director||0.58yr||no data||0.0058% CA$147.8k|
|Independent Lead Director||5.17yrs||CA$215.00k||0.0051% CA$130.6k|
|Independent Director||6.83yrs||CA$202.50k||0.0036% CA$90.9k|
|Independent Director||6.17yrs||CA$172.50k||0.0039% CA$99.6k|
|Independent Director||2.67yrs||CA$165.00k||no data|
|Independent Director||11.83yrs||CA$195.00k||0.038% CA$978.9k|
|Independent Chairman of the Board||5.17yrs||CA$265.00k||0.37% CA$9.6m|
|Independent Director||4.67yrs||CA$165.00k||0.00094% CA$24.1k|
|Independent Director||2.83yrs||CA$165.00k||no data|
Experienced Board: KEY's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KEY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.
Keyera Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Keyera Corp.
- Ticker: KEY
- Exchange: TSX
- Founded: 1998
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: CA$2.561b
- Shares outstanding: 218.54m
- Website: https://www.keyera.com
Number of Employees
- Keyera Corp.
- Sun Life Plaza West Tower
- Suite 200
- T2P 3N4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KEY||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||May 2003|
|KEYU.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||May 2003|
|K2Y||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 2003|
Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company’s Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin. This unit also provides natural gas gathering and processing, including liquids extraction services to customers. Its Liquids business unit is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities, as well as liquids blending. This units also provides fractionation, storage, transportation, and terminalling services for NGLs and crude oil; and processing services related to iso-octane through a network of facilities that include underground NGL storage caverns, NGL fractionation facilities, and NGL and crude oil pipelines, as well as rail and truck terminals and the Alberta EnviroFuels facility. It also produces iso-octane. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 1998 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:02|
|End of Day Share Price||2020/03/30 00:00|
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.