NYSE:KEY.PRI

Stock Analysis Report

Executive Summary

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has KeyCorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

NYSE:KEY.PRI

3.3%

US Banks

2.1%

US Market


1 Year Return

2.5%

NYSE:KEY.PRI

-13.8%

US Banks

-0.04%

US Market

KEY.PRI outperformed the Banks industry which returned -14.8% over the past year.

KEY.PRI outperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

KEY.PRIIndustryMarket
7 Day-1.5%3.3%2.1%
30 Day-3.6%-7.0%-3.2%
90 Day3.0%-2.3%2.8%
1 Year8.5%2.5%-11.3%-13.8%2.2%-0.04%
3 Yearn/a42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is KeyCorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is KeyCorp undervalued based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

KeyCorp's share price is below the future cash flow value, and at a moderate discount (> 20%).

KeyCorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

KeyCorp is good value based on earnings compared to the US Banks industry average.

KeyCorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

KeyCorp is poor value based on expected growth next year.


Price Based on Value of Assets

KeyCorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is KeyCorp expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

KeyCorp's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

KeyCorp's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).

KeyCorp's revenue growth is positive but not above the United States of America market average.

KeyCorp's earnings growth is positive but not above the United States of America market average.

KeyCorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

KeyCorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has KeyCorp performed over the past 5 years?

16.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

KeyCorp's year on year earnings growth rate has been positive over the past 5 years.

KeyCorp's 1-year earnings growth exceeds its 5-year average (22.9% vs 16.3%)

KeyCorp's earnings growth has not exceeded the US Banks industry average in the past year (22.9% vs 33.2%).


Return on Equity

KeyCorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

KeyCorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if KeyCorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is KeyCorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

KeyCorp has an acceptable proportion of non-loan assets held.

KeyCorp has a sufficient allowance for bad loans.

KeyCorp's liabilities are made up of primarily low risk sources of funding.

KeyCorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at KeyCorp are broadly funded by customer deposits.

KeyCorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is KeyCorp's current dividend yield, its reliability and sustainability?

4.60%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase KeyCorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

KeyCorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

KeyCorp's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).


Next Steps

Management

What is the CEO of KeyCorp's salary, the management and board of directors tenure and is there insider trading?

6.7yrs

Average management tenure


CEO

Beth Mooney (64yo)

8.3yrs

Tenure

US$9,064,470

Compensation

Ms. Beth E. Mooney serves as Director at Ford Motor Company since July 10, 2019. Ms. Mooney has been the Chairman and Chief Executive Officer of KeyCorp since May 1, 2011, and serves as its President. Ms.  ...


CEO Compensation Analysis

Beth's remuneration is about average for companies of similar size in United States of America.

Beth's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.7yrs

Average Tenure

57yo

Average Age

The average tenure for the KeyCorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.1yrs

Average Tenure

64yo

Average Age

The tenure for the KeyCorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Chris Gorman (58yo)

    President of Banking & Vice Chairman

    • Tenure: 17.6yrs
    • Compensation: US$5.06m
  • Beth Mooney (64yo)

    Chairman

    • Tenure: 8.3yrs
    • Compensation: US$9.06m
  • Doug Schosser (49yo)

    Chief Accounting Officer & Executive Officer

    • Tenure: 4.3yrs
  • Randy Paine (49yo)

    Executive VP & President of Key Institutional Bank

    • Tenure: 3.0yrs
    • Compensation: US$3.97m
  • Paul Harris (60yo)

    Secretary & General Counsel

    • Tenure: 16.6yrs
  • Vern Patterson

    Executive Vice President of Investor Relations

    • Tenure: 22.6yrs
  • Don Kimble (59yo)

    Vice Chairman & CFO

    • Tenure: 6.2yrs
    • Compensation: US$3.47m
  • Mark Midkiff (57yo)

    Chief Risk Officer & Executive Officer

    • Tenure: 1.6yrs
    • Compensation: US$3.32m
  • Amy Brady (52yo)

    Chief Information Officer & Executive VP

    • Tenure: 7.3yrs
    • Compensation: US$3.33m
  • Brian Fishel (53yo)

    Chief Human Resource Officer & Executive VP

    • Tenure: 1.3yrs

Board Members

  • Dick Hipple (66yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$210.00k
  • Beth Mooney (64yo)

    Chairman

    • Tenure: 8.3yrs
    • Compensation: US$9.06m
  • Ruth Ann Gillis (64yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$210.00k
  • Sandy Cutler (68yo)

    Independent Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$250.00k
  • Charlie Cooley (63yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$230.00k
  • Bill Gisel (66yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$215.00k
  • Kris Manos (59yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$210.00k
  • H. Dallas (60yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$210.00k
  • Betsy Gile (63yo)

    Director

    • Tenure: 9.4yrs
    • Compensation: US$230.00k
  • Barbara Snyder (64yo)

    Director

    • Tenure: 9.1yrs
    • Compensation: US$200.00k

Company Information

KeyCorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KeyCorp
  • Ticker: KEY.PRI
  • Exchange: NYSE
  • Founded: 1849
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$16.624b
  • Shares outstanding: 1.00b
  • Website: https://www.key.com

Number of Employees


Location

  • KeyCorp
  • 127 Public Square
  • Cleveland
  • Ohio
  • 44114
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KEYNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1980
KEYDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1980
0JQRLSE (London Stock Exchange)YesCommon SharesGBUSDJan 1980
KEY1 *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1980
KEY.PRINYSE (New York Stock Exchange)DEP SHS 1/40 EUSUSDDec 2016
KEY.PRJNYSE (New York Stock Exchange)DEP SHS PFD FUSUSDJul 2018
KEY.PRKNYSE (New York Stock Exchange)DP SHS PFD GUSUSDApr 2019

Biography

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers v ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:37
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.