| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 6/6 |
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.
Rewards
Risk Analysis
No risks detected for KEY from our risk checks.
KeyCorp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.50 |
| 52 Week High | US$27.17 |
| 52 Week Low | US$16.69 |
| Beta | 1.33 |
| 1 Month Change | -10.90% |
| 3 Month Change | -18.03% |
| 1 Year Change | -15.54% |
| 3 Year Change | -1.74% |
| 5 Year Change | -9.28% |
| Change since IPO | 101.44% |
Recent News & Updates
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...
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
| KEY | US Banks | US Market | |
|---|---|---|---|
| 7D | -0.3% | -1.8% | -2.2% |
| 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
| KEY volatility | |
|---|---|
| KEY Average Weekly Movement | 4.6% |
| Banks Industry Average Movement | 3.8% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.3% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1849 | 17,110 | Chris Gorman | https://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
| KEY fundamental statistics | |
|---|---|
| Market Cap | US$16.32b |
| Earnings (TTM) | US$2.34b |
| Revenue (TTM) | US$7.45b |
7.0x
P/E Ratio1.2x
P/B RatioIs KEY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KEY income statement (TTM) | |
|---|---|
| Revenue | US$7.45b |
| Cost of Revenue | US$0 |
| Gross Profit | US$7.45b |
| Other Expenses | US$5.12b |
| Earnings | US$2.34b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 21, 2022
| Earnings per share (EPS) | 2.50 |
| Gross Margin | 100.00% |
| Net Profit Margin | 31.32% |
| Debt/Equity Ratio | 93.0% |
How did KEY perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield30%
Payout RatioValuation
Is KEY undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation 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.
| What is KEY's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$16.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 2.3x |
Price to Earnings Ratio vs Peers
How does KEY's PE Ratio compare to its peers?
| KEY PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.3x | ||
RF Regions Financial | 7.7x | 2.1% | US$17.8b |
HBAN Huntington Bancshares | 16.1x | 4.4% | US$17.4b |
CFG Citizens Financial Group | 8.9x | 6.6% | US$17.9b |
FCNC.A First Citizens BancShares | 16.6x | 22.3% | US$10.7b |
KEY KeyCorp | 7x | 3.1% | 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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7x |
| Fair PE Ratio | 13.4x |
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
1/6Future 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
5/6Past 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
6/6Financial 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
6/6Dividend 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 ($USD13.34M).
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/04 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.