KEY Stock Overview
Keyera Corp. engages in the energy infrastructure business in Canada.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$29.32|
|52 Week High||CA$35.75|
|52 Week Low||CA$23.59|
|1 Month Change||4.57%|
|3 Month Change||-10.06%|
|1 Year Change||9.81%|
|3 Year Change||6.23%|
|5 Year Change||-25.70%|
|Change since IPO||456.89%|
Recent News & Updates
Keyera (TSE:KEY) Will Pay A Dividend Of CA$0.16
The board of Keyera Corp. ( TSE:KEY ) has announced that it will pay a dividend on the 15th of February, with investors...
Keyera (TSE:KEY) Is Due To Pay A Dividend Of CA$0.16
Keyera Corp. ( TSE:KEY ) will pay a dividend of CA$0.16 on the 17th of January. The dividend yield will be 6.8% based...
Keyera (TSE:KEY) May Have Issues Allocating Its Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Keyera (TSE:KEY) Has Re-Affirmed Its Dividend Of CA$0.16
Keyera Corp. ( TSE:KEY ) will pay a dividend of CA$0.16 on the 15th of November. This makes the dividend yield 5.9...
|KEY||CA Oil and Gas||CA Market|
Return vs Industry: KEY underperformed the Canadian Oil and Gas industry which returned 58.2% over the past year.
Return vs Market: KEY underperformed the Canadian Market which returned 19.9% over the past year.
|KEY Average Weekly Movement||2.9%|
|Oil and Gas Industry Average Movement||9.5%|
|Market Average Movement||9.7%|
|10% most volatile stocks in CA Market||17.6%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: KEY is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: KEY's weekly volatility (3%) has been stable over the past year.
About the Company
Keyera Corp. engages in the energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company’s 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 condensate handling services.
Keyera Fundamentals Summary
|KEY fundamental statistics|
Is KEY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KEY income statement (TTM)|
|Cost of Revenue||CA$3.09b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.72|
|Net Profit Margin||4.03%|
How did KEY perform over the long term?See historical performance and comparison
6.5%Current Dividend Yield
Does KEY pay a reliable dividends?See KEY dividend history and benchmarks
|Keyera dividend dates|
|Ex Dividend Date||Jan 21 2022|
|Dividend Pay Date||Feb 15 2022|
|Days until Ex dividend||2 days|
|Days until Dividend pay date||27 days|
Does KEY pay a reliable dividends?See KEY dividend history and benchmarks
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$29.32) is trading below our estimate of fair value (CA$48.31)
Significantly Below Fair Value: KEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEY is poor value based on its PE Ratio (40.6x) compared to the Canadian Oil and Gas industry average (8.4x).
PE vs Market: KEY is poor value based on its PE Ratio (40.6x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: KEY is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: KEY is overvalued based on its PB Ratio (2.4x) compared to the CA Oil and Gas industry average (2.1x).
How is Keyera forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEY's forecast earnings growth (15.6% per year) is above the savings rate (1.6%).
Earnings vs Market: KEY's earnings (15.6% per year) are forecast to grow faster than the Canadian market (11% per year).
High Growth Earnings: KEY's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEY's revenue (6.5% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: KEY's revenue (6.5% 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 (19.2%).
How has Keyera performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEY has a large one-off loss of CA$123.4M impacting its September 30 2021 financial results.
Growing Profit Margin: KEY's current net profit margins (4%) are lower than last year (5.1%).
Past Earnings Growth Analysis
Earnings Trend: KEY's earnings have declined by 4.8% per year over the past 5 years.
Accelerating Growth: KEY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KEY had negative earnings growth (-4.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (159%).
Return on Equity
High ROE: KEY's Return on Equity (6%) is considered low.
How is Keyera's financial position?
Financial Position Analysis
Short Term Liabilities: KEY's short term assets (CA$1.2B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: KEY's short term assets (CA$1.2B) do not cover its long term liabilities (CA$4.5B).
Debt to Equity History and Analysis
Debt Level: KEY's net debt to equity ratio (124%) is considered high.
Reducing Debt: KEY's debt to equity ratio has increased from 84.6% to 125.4% over the past 5 years.
Debt Coverage: KEY's debt is not well covered by operating cash flow (18%).
Interest Coverage: KEY's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is Keyera current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KEY's dividend (6.55%) is higher than the bottom 25% of dividend payers in the Canadian market (1.58%).
High Dividend: KEY's dividend (6.55%) is in the top 25% of dividend payers in the Canadian market (4.52%)
Stability and Growth of Payments
Stable Dividend: KEY's dividends per share have been stable in the past 10 years.
Growing Dividend: KEY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (266.2%), KEY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEY's dividends in 3 years are forecast to be covered by earnings (79.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
C. Setoguchi (54 yo)
Mr. C. Dean Setoguchi has been Chief Executive Officer and Director at Keyera Corp. since January 1, 2021. Mr. Setoguchi serves as President of Keyera Corporation since March 01, 2020 and served as its Chi...
CEO Compensation Analysis
Compensation vs Market: C.'s total compensation ($USD1.75M) is below average for companies of similar size in the Canadian market ($USD3.37M).
Compensation vs Earnings: C.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: KEY's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: KEY's board of directors are considered experienced (5.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Keyera Corp.'s employee growth, exchange listings and data sources
- Name: Keyera Corp.
- Ticker: KEY
- Exchange: TSX
- Founded: 2003
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: CA$6.480b
- Shares outstanding: 221.02m
- Website: https://www.keyera.com
Number of Employees
- Keyera Corp.
- Sun Life Plaza West Tower
- Suite 200
- T2P 3N4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 00:01|
|End of Day Share Price||2022/01/18 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.