KEY Stock Analysis: Keyera | TO
Oil & Gas Midstream | TO, Canada | Market Cap: 16.309m CAD | 12M Return: 40.2% | CA4932711001 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 52.1M
EPS Trend: -84.0%
Qual. Beats: 3
Rev. Trend: 14.9%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Keyera Corp. is a Canadian energy infrastructure company that gathers and processes natural gas and handles natural gas liquids (NGLs), condensate and iso-octane in Canada and the United States. Its operations span gathering and processing, liquids infrastructure, and marketing.
Its facilities include gas-processing plants, pipelines, NGL fractionation and storage assets, and rail and truck terminals. These midstream services prepare natural gas and its by-products for transportation, storage and sale; marketed products include propane, butane, condensate and natural gas.
- Montney production growth lifts gathering volumes and fee-based earnings
- KAPS and fractionation expansions increase liquids throughput and cash flow
- NGL price spreads and iso-octane margins drive volatile marketing earnings
| Net Income: 361.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -6.59 > 1.0 |
| NWC/Revenue: 6.57% < 20% (prev -0.03%; Δ 6.59% < -1%) |
| CFO/TA 0.03 > 3% & CFO 476.8m > Net Income 361.4m |
| Net Debt (8.25b) to EBITDA (1.03b): 8.03 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (259.5m) vs 12m ago 13.23% < -2% |
| Gross Margin: 14.19% > 18% (prev 19.95%; Δ -5.76% > 0.5%) |
| Asset Turnover: 49.68% > 50% (prev 68.35%; Δ -18.66% > 0%) |
| Interest Coverage Ratio: 1.73 > 6 (EBIT TTM 611.5m / Interest Expense TTM 352.7m) |
| A: 0.03 (Total Current Assets 2.64b - Total Current Liabilities 2.17b) / Total Assets 18.4b |
| B: -0.04 (Retained Earnings -726.9m / Total Assets 18.4b) |
| C: 0.04 (EBIT TTM 611.5m / Avg Total Assets 14.5b) |
| D: 0.40 (Book Value of Equity 5.28b / Total Liabilities 13.1b) |
| Altman-Z'' = 0.75 = B |
| DSRI: 2.29 (Receivables 1.35b/594.1m, Revenue 7.21b/7.27b) |
| GMI: 1.41 (GM 19.95% / 14.19%) |
| AQI: 5.67 (AQ_t 0.10 / AQ_t-1 0.02) |
| SGI: 0.99 (Revenue 7.21b / 7.27b) |
| TATA: -0.01 (NI 361.4m - CFO 476.8m) / TA 18.4b) |
| Beneish M = 1.17 (Cap -4..+1) = D |
As of October 31, 2026, the stock is trading at CAD 55.50 with a total of 985,956 shares traded. Over the past week, the price has changed by +1.06%, over one month by +9.38%, over three months by -7.22% and over the past year by +40.17%.
Current recommended Stop Loss: 53.40 (which is 3.8% or 1.9 ATR below the current price).
Keyera has no consensus analysts rating.
P/E Trailing = 36.3709
P/E Forward = 17.452
P/S = 1.4794
P/B = 3.8012
P/EG = 1.8931
Revenue TTM = 7.21b CAD
EBIT TTM = 611.5m CAD
EBITDA TTM = 1.03b CAD
Long Term Debt = 7.95b CAD (from longTermDebt, last quarter)
Short Term Debt = 273.4m CAD (from shortTermDebt, last quarter)
Debt = 8.81b CAD (from shortLongTermDebtTotal, last quarter) + Leases 330.6m
Net Debt = 8.25b CAD (calculated: Debt 8.81b - CCE 568.8m)
Enterprise Value = 24.6b CAD (16.3b + Debt 8.81b - CCE 568.8m)
Interest Coverage Ratio = 1.73 (Ebit TTM 611.5m / Interest Expense TTM 352.7m)
EV/FCF = -295.0x (Enterprise Value 24.6b / FCF TTM -83.2m)
FCF Yield = -0.34% (FCF TTM -83.2m / Enterprise Value 24.6b)
FCF Margin = -1.16% (FCF TTM -83.2m / Revenue TTM 7.21b)
Net Margin = 5.02% (Net Income TTM 361.4m / Revenue TTM 7.21b)
Gross Margin = 14.19% ((Revenue TTM 7.21b - Cost of Revenue TTM 6.18b) / Revenue TTM)
Gross Margin QoQ = 15.53% (prev 15.67%)
Tobins Q-Ratio = 1.34 (Enterprise Value 24.6b / Total Assets 18.4b)
Interest Expense / Debt = 4.00% (Interest Expense 352.7m / Debt 8.81b)
Taxrate = 22.52% (105.1m / 466.4m)
NOPAT = 473.7m (EBIT 611.5m * (1 - 22.52%))
Current Ratio = 1.22 (Total Current Assets 2.64b / Total Current Liabilities 2.17b)
Debt / Equity = 1.67 (Debt 8.81b / totalStockholderEquity, last quarter 5.28b)
Debt / EBITDA = 8.03 (Net Debt 8.25b / EBITDA 1.03b)
Debt / FCF = -99.05 (out of range, set to none) (Net Debt 8.25b / FCF TTM -83.2m)
Total Stockholder Equity = 3.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.49% (Net Income 361.4m / Total Assets 18.4b)
RoE = 10.81% (Net Income TTM 361.4m / Total Stockholder Equity 3.34b)
RoCE = 5.41% (EBIT 611.5m / Capital Employed (Equity 3.34b + L.T.Debt 7.95b))
RoIC = 2.94% (NOPAT 473.7m / Invested Capital 16.1b)
WACC = 4.31% (E(16.3b)/V(25.1b) * Re(4.96%) + D(8.81b)/V(25.1b) * Rd(4.00%) * (1-Tc(0.23)))
Discount Rate = 4.96% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 52.64 | Cagr: 5.68%
[DCF] Fair Price = unknown (Cash Flow -83.2m)
EPS Correlation: -83.98 | EPS CAGR: -15.04% | SUE: 1.18 | # QB: 3
Revenue Correlation: 14.85 | Revenue CAGR: 0.72% | SUE: 1.53 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.46 | Chg30d=-17.15% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=1.88 | Chg30d=+2.09% | Revisions=+25% | GrowthEPS=+0.2% | GrowthRev=+33.4%
EPS next Year (2027-12-31): EPS=2.92 | Chg30d=+0.15% | Revisions=+0% | GrowthEPS=+55.4% | GrowthRev=+22.9%
[Analyst] Revisions Ratio: +0% (up=2, down=2)