Keyera Corp
TSX:KEY

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Keyera Corp
TSX:KEY
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Price: 45.21 CAD 1.07%
Market Cap: 10.4B CAD

Relative Value

The Relative Value of one KEY stock under the Base Case scenario is 49.8 CAD. Compared to the current market price of 45.21 CAD, Keyera Corp is Undervalued by 9%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

KEY Relative Value
Base Case
49.8 CAD
Undervaluation 9%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
19
vs Industry
43
Median 3Y
1.1
Median 5Y
1.2
Industry
1.2
Forward
1.6
vs History
48
vs Industry
11
Median 3Y
20.6
Median 5Y
20.9
Industry
10.4
Forward
20.4
vs History
45
vs Industry
17
Median 3Y
8.1
Median 5Y
8
Industry
4.9
vs History
29
vs Industry
10
Median 3Y
23.6
Median 5Y
23
Industry
10.4
vs History
1
vs Industry
8
Median 3Y
2.6
Median 5Y
2.4
Industry
1.2
vs History
35
vs Industry
42
Median 3Y
1.7
Median 5Y
1.8
Industry
1.8
Forward
2.1
vs History
14
vs Industry
21
Median 3Y
9.1
Median 5Y
9
Industry
4.5
vs History
14
vs Industry
15
Median 3Y
10.3
Median 5Y
10.2
Industry
5.9
Forward
11.3
vs History
14
vs Industry
14
Median 3Y
13.9
Median 5Y
14
Industry
8.4
Forward
15.7
vs History
77
vs Industry
18
Median 3Y
11.9
Median 5Y
11.8
Industry
6.4
vs History
77
vs Industry
20
Median 3Y
27.7
Median 5Y
55.8
Industry
10.8
vs History
1
vs Industry
20
Median 3Y
1.4
Median 5Y
1.4
Industry
0.9

Multiples Across Competitors

KEY Competitors Multiples
Keyera Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Keyera Corp
TSX:KEY
10.4B CAD 1.5 21.3 11.6 16.4
MY
EA Technique (M) Bhd
KLSE:EATECH
1.4T MYR 11 344 10 835 6 243.9 7 038
CA
Enbridge Inc
TSX:ENB
138.4B CAD 2.6 27.4 15.4 23.5
US
Enterprise Products Partners LP
NYSE:EPD
73.8B USD 1.3 12.6 11.1 14.9
US
Williams Companies Inc
NYSE:WMB
73.6B USD 7 32.9 17.8 29.6
US
Energy Transfer LP
NYSE:ET
64B USD 0.8 14.6 8.7 13.4
US
Kinder Morgan Inc
NYSE:KMI
63.2B USD 4.2 24.5 13.8 21.2
US
ONEOK Inc
NYSE:OKE
57.6B USD 2.7 19.1 14.2 17.4
US
MPLX LP
NYSE:MPLX
54.2B USD 4.6 12.7 11 13.6
US
Cheniere Energy Inc
NYSE:LNG
51.3B USD 3.3 15.7 9.8 11.7
CA
TC Energy Corp
TSX:TRP
70.7B CAD 5.2 15.5 14.7 21.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Keyera Corp
TSX:KEY
Average EV/EBITDA: 579.3
11.6
5%
2.3
MY
E
EA Technique (M) Bhd
KLSE:EATECH
6 243.9
N/A N/A
CA
Enbridge Inc
TSX:ENB
15.4
14%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
11.1
7%
1.6
US
Williams Companies Inc
NYSE:WMB
17.8
16%
1.1
US
Energy Transfer LP
NYSE:ET
8.7
9%
1
US
Kinder Morgan Inc
NYSE:KMI
13.8
11%
1.3
US
ONEOK Inc
NYSE:OKE
14.2
15%
0.9
US
MPLX LP
NYSE:MPLX
11
7%
1.6
US
Cheniere Energy Inc
NYSE:LNG
9.8
0%
N/A
CA
TC Energy Corp
TSX:TRP
14.7
13%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Keyera Corp
TSX:KEY
Average EV/EBIT: 656.5
16.4
7%
2.3
MY
E
EA Technique (M) Bhd
KLSE:EATECH
7 038
N/A N/A
CA
Enbridge Inc
TSX:ENB
23.5
11%
2.1
US
Enterprise Products Partners LP
NYSE:EPD
14.9
7%
2.1
US
Williams Companies Inc
NYSE:WMB
29.6
15%
2
US
Energy Transfer LP
NYSE:ET
13.4
9%
1.5
US
Kinder Morgan Inc
NYSE:KMI
21.2
13%
1.6
US
ONEOK Inc
NYSE:OKE
17.4
14%
1.2
US
MPLX LP
NYSE:MPLX
13.6
6%
2.3
US
Cheniere Energy Inc
NYSE:LNG
11.7
0%
N/A
CA
TC Energy Corp
TSX:TRP
21.7
16%
1.4