Keyera Corp. engages in the energy infrastructure business in Canada. More Details
+ 1 more risk
Adequate balance sheet and fair value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: KEY matched the Canadian Oil and Gas industry which returned -33.4% over the past year.
Return vs Market: KEY underperformed the Canadian Market which returned -3.9% 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
1 month ago | Simply Wall StZooming in on TSE:KEY's 9.5% Dividend Yield
1 month ago | Simply Wall StPinning Down Keyera Corp.'s (TSE:KEY) P/E Is Difficult Right Now
1 month ago | Simply Wall StAre Insiders Selling Keyera Corp. (TSE:KEY) Stock?
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$20.33) is trading below our estimate of fair value (CA$37.51)
Significantly Below Fair Value: KEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEY's PE Ratio (15.4x) is in line with the CA Oil and Gas industry average.
PE vs Market: KEY is good value based on its PE Ratio (15.4x) compared to the Canadian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: KEY is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: KEY is overvalued based on its PB Ratio (1.5x) compared to the CA Oil and Gas industry average (0.8x).
How is Keyera forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEY's forecast earnings growth (13.2% per year) is above the savings rate (1.7%).
Earnings vs Market: KEY's earnings (13.2% per year) are forecast to grow slower than the Canadian market (22.8% per year).
High Growth Earnings: KEY's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEY's revenue (3.4% per year) is forecast to grow slower than the Canadian market (5.8% per year).
High Growth Revenue: KEY's revenue (3.4% 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 (12.2%).
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$271.1M impacting its June 30 2020 financial results.
Growing Profit Margin: KEY's current net profit margins (8.4%) are lower than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: KEY's earnings have grown by 19% 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 (-38.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.9%).
Return on Equity
High ROE: KEY's Return on Equity (9.4%) is considered low.
How is Keyera's financial position?
Financial Position Analysis
Short Term Liabilities: KEY's short term assets (CA$767.6M) exceed its short term liabilities (CA$658.2M).
Long Term Liabilities: KEY's short term assets (CA$767.6M) do not cover its long term liabilities (CA$4.0B).
Debt to Equity History and Analysis
Debt Level: KEY's debt to equity ratio (102.2%) is considered high.
Reducing Debt: KEY's debt to equity ratio has reduced from 111.8% to 102.2% over the past 5 years.
Debt Coverage: KEY's debt is well covered by operating cash flow (30.5%).
Interest Coverage: KEY's interest payments on its debt are well covered by EBIT (6.5x coverage).
What is Keyera current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KEY's dividend (9.44%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).
High Dividend: KEY's dividend (9.44%) is in the top 25% of dividend payers in the Canadian market (5.83%)
Stability and Growth of Payments
Stable Dividend: KEY's dividend payments have been volatile in the past 10 years.
Growing Dividend: KEY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (144.8%), KEY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEY's dividends in 3 years are not forecast to be well covered by earnings (102.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Smith (62 yo)
Mr. David G. Smith has been the Chief Executive Officer of Keyera Corp. since January 1, 2015 and served as its President since January 1, 2015 until March 01, 2020 . Mr. Smith served as the President and ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD3.22M) is about average for companies of similar size in the Canadian market ($USD3.02M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|CEO & Director||5.75yrs||CA$4.23m||0.29% |
|Senior VP & COO||1.83yrs||CA$1.69m||0.092% |
|Senior VP||1.25yrs||CA$1.51m||0.00090% |
|Senior VP & CFO||0.42yr||no data||0.0056% |
|Director of Investor Relations||no data||no data||no data|
|Senior Vice President of Human Resources & Corporate Services||7.67yrs||no data||0.012% |
|Senior VP & Chief Commercial Officer||0.083yr||CA$259.69k||0.0057% |
Experienced Management: KEY's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|CEO & Director||5.75yrs||CA$4.23m||0.29% |
|Independent Director||1.17yrs||CA$66.36k||0.010% |
|Independent Lead Director||5.75yrs||CA$222.50k||0.0050% |
|Independent Director||7.42yrs||CA$201.00k||0.0036% |
|Independent Director||6.75yrs||CA$172.50k||0.0039% |
|Independent Director||3.33yrs||CA$174.00k||no data|
|Independent Director||12.42yrs||CA$195.00k||0.038% |
|Independent Chairman of the Board||5.75yrs||CA$265.00k||0.33% |
|Independent Director||5.33yrs||CA$166.50k||0.00093% |
|Independent Director||3.42yrs||CA$165.00k||no data|
Experienced Board: KEY's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KEY insiders have sold more shares than they have bought 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 2.9%.
Keyera Corp.'s company bio, 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
- Market Cap: CA$4.493b
- Shares outstanding: 221.02m
- 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 energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company’s Gathering and Processing se ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/24 23:49|
|End of Day Share Price||2020/10/23 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.