Keyera Corp (KEYUF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Keyera Corp $24.42, price $36.73, upside -33.5%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
Keyera Corp
KEYUF · USWeak valuationQuality is weak on top of the rich price.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $15.19 – $43.32 · fair‑value band $10.10 – $32.19 · the $36.73 price screens above the $24.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Company profile
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.
Show more
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.
Stock analysis
Keyera Corp (KEYUF) currently trades at $36.73, while our model-based Fair Value estimate is $24.42, 33.5% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $25.11 per share, and 4 of the 26 models we run sit above the $36.73 price.
Bear case: the Asset-Based group reads lowest at $4.61, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $10.10 (bear) to $32.19 (bull), the price of $36.73 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Keyera Corp reported revenue of C$6.9B in FY2025 versus C$5.0B in FY2021, a compound +8.3%/yr. Reported net income was C$432M in FY2025, compounding +7.5%/yr from FY2021.
Key figures
Market cap $11.0B · P/E ratio 65.6 · P/S ratio 4.14 · EPS (TTM) $0.5600 · Dividend yield 5.8% · Net margin 6.3% · Return on equity 6.7% · Return on assets (EBIT) 9.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −21% fair-value upside, at −34%, KEYUF screens richer than that median.
Fair Value models
All 26 models by family
Notify me when KEYUF reaches fair value
Put KEYUF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 57
Revenue & earnings trend
Growth Forecast
KEYUF screens overvalued: fair value 34% below the price. Compare with Enbridge Inc →
Earlier news
- Keyera Corp's Dividend Analysis
- Keyera slides after cutting guidance on pipeline disruption, facility repairs
- Keyera Lowers Marketing Margin Guidance Amid Line 5 Disruption
- Keyera Announces 2026 Marketing Guidance Update and Provides Operational Update
Compare Keyera Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Midstream · 84 stocks
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $46.97 | $36.91 | −21% |
| The Williams Companies, Inc WMB | $68.98 | $11.72 | −83% |
| Enterprise Products Partners L.P. EPD | $36.65 | $24.66 | −33% |
| Energy Transfer LP, ET | $20.10 | $15.29 | −24% |
| Kinder Morgan, Inc KMI | $30.63 | $28.16 | −8% |
| TC Energy Corporation TRP | $58.78 | $24.51 | −58% |
| Targa Resources Corp TRGP | $277.84 | $65.24 | −77% |
| MPLX LP owns and MPLX | $57.66 | $70.77 | +23% |
| ONEOK, Inc OKE | $88.62 | $80.15 | −10% |
| Cheniere Energy, Inc LNG | $267.29 | $294.02 | +10% |
Explore undervalued stocks
More undervalued Energy stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Keyera Corp (KEYUF) overvalued or undervalued?
What is the fair value of KEYUF?
What is the quality score of KEYUF?
What is the price target for Keyera Corp (KEYUF)?
What is the Keyera Corp stock forecast for 2026?
What is the revenue of Keyera Corp (KEYUF)?
Does Keyera Corp pay a dividend?
What growth is priced into Keyera Corp (KEYUF)?
What discount rate (WACC) does the fair value of KEYUF use?
What is a reverse DCF?
How much growth has Keyera Corp (KEYUF) delivered so far?
How fast is the sector of Keyera Corp (KEYUF) growing?
What is the free cash flow yield of Keyera Corp (KEYUF)?
What is the intrinsic value of Keyera Corp (KEYUF)?
Is Keyera Corp stock overvalued or undervalued in 2026?
Is fair value the same as the market price of KEYUF?
How much is Keyera Corp worth?
What do the bullish and bearish scenarios say about KEYUF?
What is the P/E ratio of KEYUF?
What is the PEG ratio of KEYUF?
How solid is the balance sheet of Keyera Corp (KEYUF)?
How far is KEYUF from its 52-week high?
Which stocks are comparable to Keyera Corp?
Is Keyera Corp stock attractive at the current price?
How is the fair value of KEYUF calculated?
Is it still worth investing in stocks now?
What is the share price of Keyera Corp (KEYUF)?
What should I pay attention to with Keyera Corp right now?
Where does the earnings growth of Keyera Corp (KEYUF) come from?
Key figures of Keyera Corp
How large is the market capitalisation of Keyera Corp (KEYUF)?
What is the P/S ratio of Keyera Corp (KEYUF)?
What are the earnings per share of Keyera Corp (KEYUF)?
What is the dividend yield of Keyera Corp (KEYUF)?
What is the net margin of Keyera Corp (KEYUF)?
What is the return on equity of Keyera Corp (KEYUF)?
What is the EBIT return on assets of Keyera Corp (KEYUF)?
What is the operating margin of Keyera Corp (KEYUF)?
How fast is revenue growing at Keyera Corp (KEYUF)?
How fast are earnings growing at Keyera Corp (KEYUF)?
How much net debt does Keyera Corp (KEYUF) carry?
Watch Keyera Corp in the live analysis
One click puts Keyera Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.