Keyera Corp.

TSX:KEY Stock Report

Mkt Cap: CA$6.6b

We’ve recently updated our valuation analysis.

Keyera Valuation

Is KEY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KEY?

Other financial metrics that can be useful for relative valuation.

KEY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA10.3x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does KEY's PE Ratio compare to its peers?

The above table shows the PE ratio for KEY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.9x
GEI Gibson Energy
14x-3.2%CA$3.1b
PPL Pembina Pipeline
8.3x-11.1%CA$23.5b
TRP TC Energy
82.9x21.4%CA$53.2b
TWM Tidewater Midstream and Infrastructure
46.5x81.0%CA$394.9m
KEY Keyera
20.1x11.3%CA$6.6b

Price to Earnings Ratio vs Industry

How does KEY's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.7%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.7%
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Price to Earnings Ratio vs Fair Ratio

What is KEY'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.

KEY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: KEY is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

Share Price vs Fair Value

What is the Fair Price of KEY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KEY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$28.73
CA$34.40
+19.7%
7.2%CA$39.50CA$30.00n/a15
Mar ’24CA$30.21
CA$34.40
+13.9%
7.2%CA$39.50CA$30.00n/a15
Feb ’24CA$30.11
CA$33.97
+12.8%
6.3%CA$36.00CA$30.00n/a15
Jan ’24CA$29.59
CA$33.86
+14.4%
6.3%CA$36.00CA$30.00n/a14
Dec ’23CA$31.36
CA$33.50
+6.8%
6.5%CA$36.00CA$29.00n/a14
Nov ’23CA$29.03
CA$34.43
+18.6%
6.2%CA$38.00CA$30.00n/a14
Oct ’23CA$28.44
CA$36.04
+26.7%
6.6%CA$38.00CA$30.00n/a14
Sep ’23CA$31.14
CA$36.18
+16.2%
7.0%CA$40.00CA$30.00n/a14
Aug ’23CA$33.19
CA$36.08
+8.7%
6.9%CA$39.00CA$30.00n/a13
Jul ’23CA$29.40
CA$36.35
+23.6%
7.5%CA$40.50CA$30.00n/a13
Jun ’23CA$34.45
CA$36.46
+5.8%
7.1%CA$40.50CA$30.00n/a13
May ’23CA$31.87
CA$35.79
+12.3%
8.0%CA$40.50CA$28.00n/a14
Apr ’23CA$31.57
CA$35.00
+10.9%
8.0%CA$38.00CA$28.00n/a14
Mar ’23CA$29.34
CA$34.07
+16.1%
7.8%CA$37.00CA$28.00CA$30.2115
Feb ’23CA$30.36
CA$33.75
+11.2%
7.9%CA$37.00CA$27.00CA$30.1116
Jan ’23CA$28.53
CA$33.81
+18.5%
8.1%CA$37.00CA$27.00CA$29.5916
Dec ’22CA$27.21
CA$34.13
+25.4%
7.2%CA$37.00CA$27.00CA$31.3616
Nov ’22CA$32.07
CA$34.87
+8.7%
6.0%CA$37.00CA$30.00CA$29.0315
Oct ’22CA$32.75
CA$34.97
+6.8%
5.6%CA$37.00CA$30.00CA$28.4415
Sep ’22CA$30.21
CA$34.93
+15.6%
5.8%CA$37.00CA$30.00CA$31.1415
Aug ’22CA$33.40
CA$34.53
+3.4%
7.2%CA$37.00CA$27.00CA$33.1915
Jul ’22CA$33.31
CA$33.13
-0.5%
8.4%CA$37.00CA$27.00CA$29.4015
Jun ’22CA$31.33
CA$31.88
+1.7%
5.4%CA$34.00CA$27.00CA$34.4516
May ’22CA$28.11
CA$28.79
+2.4%
4.1%CA$31.00CA$27.00CA$31.8717
Apr ’22CA$26.46
CA$28.47
+7.6%
3.4%CA$30.00CA$27.00CA$31.5717
Mar ’22CA$25.13
CA$28.06
+11.7%
4.7%CA$30.00CA$24.00CA$29.3417

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