Keyera KEY.TO
Keyera Corp is a Canadian energy infrastructure (midstream) company that provides gathering, processing, fractionation, and storage of natural gas liquids, as well as marketing and transportation services. Keyera shows exceptional growth (revenue +49.4%, earnings +115.7%) and an attractive dividend, but its high debt (ND/EBITDA 6.77) and the marketing margin guidance cut due to the Line 5 disruption create risks not fully captured by quantitative scores.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Keyera Corp is a Canadian energy infrastructure (midstream) company that provides gathering, processing, fractionation, and storage of natural gas liquids, as well as marketing and transportation services. Keyera shows exceptional growth (revenue +49.4%, earnings +115.7%) and an attractive dividend, but its high debt (ND/EBITDA 6.77) and the marketing margin guidance cut due to the Line 5 disruption create risks not fully captured by quantitative scores.
Score by category
| Category | Score |
|---|---|
| Financial health | 3.3 |
| Quality / Moat | 3.5 |
| Valuation | 2.9 |
| Growth | 7.3 |
| Dividend | 4.4 |
| Momentum | 7.3 |
| Risk & Context | 6.9 |
OVERALL SCORE: 4.6/10
Context and risks
The Line 5 pipeline disruption is a specific operational and geopolitical risk for Keyera, directly impacting its marketing segment and margin guidance. Although the company is Canadian, reliance on this cross-border infrastructure introduces a specific vulnerability not captured by financial metrics.
News considered in the analysis
- Keyera Lowers Marketing Margin Guidance Amid Line 5 Disruption — La reducción de la guía de margen de marketing por la interrupción del oleoducto Line 5 es un hecho material ya ocurrido, con impacto directo en los beneficios futuros del segmento de marketing.
- Keyera Q2 Earnings Call Highlights — Resumen de la llamada de resultados sin información nueva o material que no esté ya reflejada en el precio.
- Keyera (TSX:KEY) Stock Could Be 8% Undervalued Despite Its Recent Pullback — Opinión de analista sobre posible infravaloración del 8%; es una visión alcista moderada, pero no un hecho confirmado, por lo que el impacto es limitado y solo parcialmente descontado.
- Keyera (TSX:KEY) Stock Sees Modest Fair Value Lift After Analyst Target Revisions — Revisiones al alza de los precios objetivo por parte de analistas, lo que sugiere una ligera mejora en las expectativas de valoración, aunque el efecto es moderado y ya está parcialmente en el precio.
- Keyera Corp's Dividend Analysis — Análisis genérico del dividendo sin información nueva o material.
Verdict: Hold; the Line 5 disruption and high leverage warrant caution despite strong growth and dividend yield.
Main risk: The high debt (ND/EBITDA 6.77) combined with the Line 5 pipeline disruption, which led to a marketing margin guidance cut, is the biggest risk for Keyera, as it could impact cash generation and dividend sustainability.
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