Keyera Corp Stock Return On Equity
| KEY Stock | CAD 45.88 0.01 0.02% |
Keyera Corp fundamentals help investors to digest information that contributes to Keyera Corp's financial success or failures. It also enables traders to predict the movement of Keyera Stock. The fundamental analysis module provides a way to measure Keyera Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Keyera Corp stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.15 | 0.10 |
Keyera | Return On Equity |
Keyera Corp Company Return On Equity Analysis
Keyera Corp's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Keyera Corp Return On Equity | 0.12 |
Most of Keyera Corp's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Keyera Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Keyera Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Keyera Corp is extremely important. It helps to project a fair market value of Keyera Stock properly, considering its historical fundamentals such as Return On Equity. Since Keyera Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Keyera Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Keyera Corp's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Keyera Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Keyera Corp has a Return On Equity of 0.1202. This is 106.07% lower than that of the Oil, Gas & Consumable Fuels sector and 96.32% lower than that of the Energy industry. The return on equity for all Canada stocks is 138.77% lower than that of the firm.
Keyera Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Keyera Corp's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Keyera Corp could also be used in its relative valuation, which is a method of valuing Keyera Corp by comparing valuation metrics of similar companies.Keyera Corp is currently under evaluation in return on equity category among its peers.
Keyera Corp ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Keyera Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Keyera Corp's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Keyera Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0615 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 14.13 B | |||
| Shares Outstanding | 229.15 M | |||
| Shares Owned By Insiders | 0.39 % | |||
| Shares Owned By Institutions | 44.45 % | |||
| Number Of Shares Shorted | 8.03 M | |||
| Price To Earning | 23.84 X | |||
| Price To Book | 3.69 X | |||
| Price To Sales | 1.50 X | |||
| Revenue | 7 B | |||
| Gross Profit | 1.18 B | |||
| EBITDA | 1.07 B | |||
| Net Income | 424.03 M | |||
| Cash And Equivalents | 11.6 M | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 4.29 B | |||
| Debt To Equity | 1.11 % | |||
| Current Ratio | 1.22 X | |||
| Book Value Per Share | 12.13 X | |||
| Cash Flow From Operations | 975.49 M | |||
| Short Ratio | 6.08 X | |||
| Earnings Per Share | 1.95 X | |||
| Price To Earnings To Growth | 1.52 X | |||
| Target Price | 44.85 | |||
| Beta | 2.09 | |||
| Market Capitalization | 10.51 B | |||
| Total Asset | 8.78 B | |||
| Retained Earnings | (602.12 M) | |||
| Working Capital | 272.79 M | |||
| Current Asset | 490.16 M | |||
| Current Liabilities | 563.79 M | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 5.35 % | |||
| Net Asset | 8.78 B |
About Keyera Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Keyera Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Keyera Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Keyera Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Keyera Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Keyera Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Keyera Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Keyera Stock
| 0.91 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.74 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.89 | ENS | E Split Corp | PairCorr |
| 0.89 | ENS-PA | E Split Corp | PairCorr |
Moving against Keyera Stock
The ability to find closely correlated positions to Keyera Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keyera Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Keyera Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Keyera Corp to buy it.
The correlation of Keyera Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Keyera Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keyera Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Keyera Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Keyera Stock
Keyera Corp financial ratios help investors to determine whether Keyera Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Keyera with respect to the benefits of owning Keyera Corp security.