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KEY

KeyCorp NYSE:KEY Stock Report

Last Price

US$17.50

Market Cap

US$16.3b

7D

-1.9%

1Y

-15.5%

Updated

03 Jul, 2022

Data

Company Financials +
KEY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends6/6

KEY Stock Overview

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

KeyCorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for KeyCorp
Historical stock prices
Current Share PriceUS$17.50
52 Week HighUS$27.17
52 Week LowUS$16.69
Beta1.33
1 Month Change-12.15%
3 Month Change-19.21%
1 Year Change-15.54%
3 Year Change-2.78%
5 Year Change-8.95%
Change since IPO101.44%

Recent News & Updates

Jun 12
With EPS Growth And More, KeyCorp (NYSE:KEY) Is Interesting

With EPS Growth And More, KeyCorp (NYSE:KEY) Is Interesting

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

May 22

KeyCorp: Attractively Valued With Good Prospects Of Loan Growth

Efforts to expand Laurel Road and economic factors will likely boost the loan portfolio this year. The margin will expand in the year ahead thanks to a rate-sensitive loan portfolio. However, a long-duration bond portfolio and rate-sensitive deposits will hold back the margin. Anticipated loan growth will lead to higher provisioning expenses for this year. The December 2022 target price suggests a high upside from the current market price. Further, KeyCorp is offering a good dividend yield for a bank holding company.

Shareholder Returns

KEYUS BanksUS Market
7D-1.9%-1.9%-2.5%
1Y-15.5%-18.3%-21.2%

Return vs Industry: KEY exceeded the US Banks industry which returned -18.3% over the past year.

Return vs Market: KEY exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is KEY's price volatile compared to industry and market?
KEY volatility
KEY Average Weekly Movement4.5%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: KEY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KEY's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
184917,110Chris Gormanhttps://www.key.com

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

KeyCorp Fundamentals Summary

How do KeyCorp's earnings and revenue compare to its market cap?
KEY fundamental statistics
Market CapUS$16.32b
Earnings (TTM)US$2.34b
Revenue (TTM)US$7.45b

7.0x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KEY income statement (TTM)
RevenueUS$7.45b
Cost of RevenueUS$0
Gross ProfitUS$7.45b
Other ExpensesUS$5.12b
EarningsUS$2.34b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)2.50
Gross Margin100.00%
Net Profit Margin31.32%
Debt/Equity Ratio93.0%

How did KEY perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio2.3x

Price to Earnings Ratio vs Peers

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

KEY PE Ratio vs 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 Average12.3x
RF Regions Financial
7.7x2.1%US$17.8b
HBAN Huntington Bancshares
16.1x4.4%US$17.4b
CFG Citizens Financial Group
8.9x6.6%US$17.9b
FCNC.A First Citizens BancShares
16.6x22.3%US$10.7b
KEY KeyCorp
7x3.1%US$16.3b

Price-To-Earnings vs Peers: KEY is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (12.3x).


Price to Earnings Ratio vs Industry

How does KEY's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: KEY is good value based on its Price-To-Earnings Ratio (7x) compared to the US Banks industry average (9.5x)


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 Ratio7x
Fair PE Ratio13.4x

Price-To-Earnings vs Fair Ratio: KEY is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (13.4x).


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.

Below Fair Value: KEY ($17.5) is trading below our estimate of fair value ($49.68)

Significantly Below Fair Value: KEY is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: KEY is poor value based on its PEG Ratio (2.3x)


Discover undervalued companies

Future Growth

How is KeyCorp forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KEY's forecast earnings growth (3.1% per year) is above the savings rate (1.9%).

Earnings vs Market: KEY's earnings (3.1% per year) are forecast to grow slower than the US market (13.6% per year).

High Growth Earnings: KEY's earnings are forecast to grow, but not significantly.

Revenue vs Market: KEY's revenue (3.2% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: KEY's revenue (3.2% 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 (12.6%).


Discover growth companies

Past Performance

How has KeyCorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KEY has high quality earnings.

Growing Profit Margin: KEY's current net profit margins (31.3%) are higher than last year (26.5%).


Past Earnings Growth Analysis

Earnings Trend: KEY's earnings have grown by 13.5% per year over the past 5 years.

Accelerating Growth: KEY's earnings growth over the past year (37.7%) exceeds its 5-year average (13.5% per year).

Earnings vs Industry: KEY earnings growth over the past year (37.7%) exceeded the Banks industry 20.8%.


Return on Equity

High ROE: KEY's Return on Equity (15.9%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: KEY's Assets to Equity ratio (11.8x) is moderate.

Allowance for Bad Loans: KEY has a sufficient allowance for bad loans (241%).

Low Risk Liabilities: 90% of KEY's liabilities are made up of primarily low risk sources of funding.

Loan Level: KEY has an appropriate level of Loans to Assets ratio (58%).

Low Risk Deposits: KEY's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: KEY has an appropriate level of bad loans (0.4%).


Discover healthy companies

Dividend

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

Dividend Score

6/6

Dividend Score 6/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.46%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KEY's dividend (4.46%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: KEY's dividend (4.46%) is in the top 25% of dividend payers in the US market (4.25%)


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

Earnings Coverage: With its reasonably low payout ratio (30.5%), KEY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KEY's dividends in 3 years are forecast to be well covered by earnings (36.1% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.2yrs

Average management tenure


CEO

Chris Gorman (61 yo)

2.83yrs

Tenure

US$8,653,484

Compensation

Mr. Christopher Marrott Gorman, also known as Chris, has been Chairman and Chief Executive Officer at KeyCorp since May 01, 2020 and serves as its Director since September 19, 2019. He served as its Chief...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD8.65M) is below average for companies of similar size in the US market ($USD13.43M).

Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: KEY's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: KEY's board of directors are considered experienced (9.1 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

KeyCorp's employee growth, exchange listings and data sources


Key Information

  • Name: KeyCorp
  • Ticker: KEY
  • Exchange: NYSE
  • Founded: 1849
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$16.318b
  • Shares outstanding: 932.47m
  • Website: https://www.key.com

Number of Employees


Location

  • KeyCorp
  • 127 Public Square
  • Cleveland
  • Ohio
  • 44114-1306
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.