Keyera Corp KEY

Morningstar Rating

Unlock

CAD 37.40 −0.43 (1.14%)

View Full Chart

As of Jul 5, 2024 8:00pm Delayed Price Closed

Unlock our analysis with Morningstar Investor

Start Free Trial

Company Report

View Archive

We've Reset Our Long-Term Expectations for Keyera Marketing

Stephen Ellis May 14, 2024

Keyera's integrated business model is now finally benefiting from the Key Access Pipeline System. The pipeline will connect the firm’s northern plants to its Fort Saskatchewan liquids hubs and will consist of pipelines for condensate and natural gas liquids mix. By increasing its proportion of long-term contracts and maximizing utilization rates across facilities, Keyera is positioned to take advantage of more stable cash flows in the future while capitalizing on Canadian oil sands, natural gas, and NGL growth.

Read Full Report

Price vs Fair Value

View History

KEY is trading within a range we consider fairly valued.

Price

CAD 37.40

Jul 5, 2024

Fair Value

CAD 43.00

May 14, 2024

Uncertainty

Medium

1-Star Price: CAD 18.70
5-Star Price: CAD 89.20
Economic Moat: Vxl
Capital Allocation: Fhyhffhvt

Bulls Say, Bears Say

Bulls

Keyera has a strong dividend profile with a dividend payout ratio targeted at 50%-70% of distributable cash flow.

Bears

New pipeline projects similar to KAPS may face regulatory headwinds, limiting potential growth opportunities for Keyera.

Is it the right time to buy, sell, or hold?

Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if KEY is a good fit for your portfolio.

Get 7 Days Free

Trading Information

Previous Close Price: CAD 37.83
Day Range: CAD 37.37–37.89
52-Week Range: CAD 29.99–38.39
Bid/Ask: CAD 37.13 / CAD 37.98
Market Cap: CAD 8.57 Bil
Volume/Avg: 1.4 Mil / 1.1 Mil

Key Statistics

Price/Earnings (Normalized): 15.52
Price/Sales: 1.26
Dividend Yield (Trailing): 5.35%
Dividend Yield (Forward): 5.35%
Total Yield: 5.35%

Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for natural gas liquids and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 kilometers of pipelines.

Sector: Energy
Industry: Oil & Gas Midstream
Stock Style Box: Mid Value
Total Number of Employees: 1,155
Website: https://www.keyera.com

Competitors

Valuation

Metric	KEY	ENB	PPL
Price/Earnings (Normalized)	15.52	16.80	16.88
Price/Book Value	3.12	1.78	2.04
Price/Sales	1.26	2.35	3.30
Price/Cash Flow	8.47	8.08	10.01

Price/Earnings

KEY

ENB

PPL

Financial Strength

Metric	KEY	ENB	PPL
Quick Ratio	0.73	0.42	0.92
Current Ratio	1.08	0.68	1.03
Interest Coverage	3.08	2.93	5.56

Quick Ratio

KEY

ENB

PPL

Profitability

Metric	KEY	ENB	PPL
Return on Assets (Normalized)	6.37%	3.32%	5.68%
Return on Equity (Normalized)	19.91%	10.71%	13.34%
Return on Invested Capital (Normalized)	10.36%	6.08%	8.03%

Return on Assets

KEY

ENB

PPL

See how this stock stacks up to its competitors with Morningstar Investor