KEYERA CORP (KEY.TO)
Energy · TOR · Canada
Fundamentals
Valuation and ratings
KEYERA CORP trades at CAD60.71, which is 61% above the CAD23.98 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 10 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 75.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
KEY.TO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | CAD1.08 | 2 |
| 2025 | CAD2.12 | 4 |
| 2024 | CAD2.04 | 4 |
| 2023 | CAD1.96 | 6 |
| 2022 | CAD1.92 | 12 |
| 2021 | CAD1.92 | 12 |
| 2020 | CAD1.92 | 12 |
| 2019 | CAD1.85 | 12 |
| 2018 | CAD1.73 | 12 |
| 2017 | CAD1.65 | 12 |
| 2016 | CAD1.54 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
KEY.TO earnings and analyst estimates
Recommendation mix, 14 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About KEYERA CORP
Keyera Corp. together with its subsidiaries, engages in the gathering and processing of natural gas; and the transportation, storage, and marketing of natural gas liquids and iso-octane in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collects and process raw natural gas, remove waste products, and separate economic components, primarily natural gas liquids; and provides gas handling services and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization. The Liquids Infrastructure segment owns and operates a network of facilities, including underground NGL storage caverns, above-ground storage tanks, NGL fractionation facilities, NGL, and condensate pipelines, as well as rail and truck terminals for the processing, fractionation, storage and transportation of the by-products of natural gas processing, including NGLs such as ethane, propane, butane and condensate; and engages in the liquids blending activities. The Marketing segment offers propane, butane, condensate, and iso-octane, as well as natural gas and crude oil. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 1998 and is headquartered in Calgary, Canada.
KEY.TO passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is KEYERA CORP (KEY.TO) undervalued?
Against our discounted cash flow estimate of CAD23.98, KEY.TO at CAD60.71 is 61% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is KEY.TO's P/E ratio?
KEY.TO trades at 75.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does KEYERA CORP (KEY.TO) pay a dividend?
Yes. KEYERA CORP yields 3.60% at the current share price. It has paid CAD2.16 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.