Keyera Corp.

OTCPK:KEYU.F Stock Report

Market Cap: US$7.3b

Keyera Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KEYU.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KEYU.F ($31.79) is trading below our estimate of fair value ($42.1)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KEYU.F?

Key metric: As KEYU.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KEYU.F. This is calculated by dividing KEYU.F's market cap by their current earnings.
What is KEYU.F's PE Ratio?
PE Ratio23.1x
EarningsCA$446.91m
Market CapCA$10.34b

Price to Earnings Ratio vs Peers

How does KEYU.F's PE Ratio compare to its peers?

The above table shows the PE ratio for KEYU.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.8x
AM Antero Midstream
18.8x16.7%US$7.3b
HESM Hess Midstream
17x54.0%US$7.8b
ENLC EnLink Midstream
71.1x61.3%US$7.1b
DTM DT Midstream
24.4x7.2%US$9.8b
KEYU.F Keyera
23.1x8.4%US$10.3b

Price-To-Earnings vs Peers: KEYU.F is good value based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (32.8x).

Price to Earnings Ratio vs Industry

How does KEYU.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
KEYU.F 23.1xIndustry Avg. 11.3xNo. of Companies15PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KEYU.F is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the US Oil and Gas industry average (11.3x).

Price to Earnings Ratio vs Fair Ratio

What is KEYU.F'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.

KEYU.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.1x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: KEYU.F is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KEYU.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.79
US$31.83
+0.1%
7.4%US$35.49US$27.68n/a13
Nov ’25US$30.75
US$31.45
+2.3%
8.3%US$34.73US$27.49n/a13
Oct ’25US$31.69
US$30.58
-3.5%
7.1%US$34.77US$28.11n/a12
Sep ’25US$29.84
US$29.63
-0.7%
4.6%US$32.33US$27.92n/a12
Aug ’25US$27.91
US$27.97
+0.2%
6.5%US$31.04US$25.26n/a12
Jul ’25US$26.88
US$27.54
+2.4%
5.4%US$29.84US$25.48n/a12
Jun ’25US$26.36
US$27.83
+5.6%
5.2%US$29.97US$25.58n/a14
May ’25US$25.22
US$26.59
+5.4%
4.8%US$28.47US$24.82n/a14
Apr ’25US$25.90
US$26.78
+3.4%
4.6%US$27.99US$25.05n/a14
Mar ’25US$24.94
US$26.81
+7.5%
4.7%US$28.13US$25.17n/a14
Feb ’25US$24.09
US$26.75
+11.1%
4.6%US$28.36US$25.38n/a13
Jan ’25US$24.17
US$26.60
+10.1%
5.5%US$28.72US$24.62n/a13
Dec ’24US$24.96
US$25.63
+2.7%
6.2%US$28.24US$23.17n/a13
Nov ’24US$23.39
US$25.32
+8.3%
7.3%US$28.27US$21.75US$30.7513
Oct ’24US$23.52
US$26.08
+10.9%
7.2%US$28.71US$22.09US$31.6912
Sep ’24US$24.85
US$26.41
+6.3%
7.0%US$29.01US$22.32US$29.8414
Aug ’24US$24.52
US$26.63
+8.6%
6.7%US$28.75US$22.70US$27.9115
Jul ’24US$23.12
US$26.79
+15.9%
7.0%US$29.55US$22.73US$26.8815
Jun ’24US$22.83
US$26.04
+14.1%
7.9%US$28.88US$22.21US$26.3615
May ’24US$23.40
US$25.52
+9.1%
7.7%US$29.31US$22.26US$25.2215
Apr ’24US$21.86
US$25.32
+15.8%
7.7%US$29.23US$22.20US$25.9014
Mar ’24US$22.19
US$25.56
+15.2%
7.2%US$29.35US$22.29US$24.9415
Feb ’24US$22.75
US$25.38
+11.5%
6.3%US$26.90US$22.41US$24.0915
Jan ’24US$21.86
US$24.87
+13.7%
6.3%US$26.44US$22.03US$24.1714
Dec ’23US$23.34
US$25.03
+7.2%
6.5%US$26.89US$21.67US$24.9614
Nov ’23US$21.29
US$25.31
+18.9%
6.2%US$27.93US$22.05US$23.3914

Analyst Forecast: Target price is lower than the current share price.

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