The Keg Royalties Income Fund - KEG-UN.TO

KEG-UN.TO Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
KEG-UN.TO	1.1	1.7	-3.6	3.8	6.2	12.9	-2.5	-5.7	-11.5	53.1
S&P 500	0.3	-1.6	0.4	6.0	11.0	29.5	25.2	88.6	187.0	33239.9

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	KEG-UN.TO
name	The Keg Royalties Income Fund
price	15.31
changes percentage	1.12
change	0.17
day low	15.13
day high	15.41
year high	15.95
year low	12.90
market cap	173822085
price avg 50	15.24
price avg 200	14.67
exchange	TSX
volume	13191
avg volume	8236
open	15.13
previous close	15.14
eps	0.41
pe	37.34
earnings announcement	2025-03-05T12:00:00.000+0000
shares outstanding	11353500
timestamp	2024-11-18 18:41:27

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 44.0%

Overall Quarterly Financial Health: 31.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	34051000	27056000	25.85
gross profit	29668000	27056000	9.65
gross profit ratio	0.87	1	-12.87
research and development expenses	0	0.32	-100.00
operating expenses	29668000	474000	6,159.07
interest income	4367000	4305000	1.44
interest expense	14426000	13479000	7.03
ebitda	44674000	23477000	90.29
ebitdaratio	1.31	0.87	51.20
operating income	44690000	26582000	68.12
operating income ratio	1.31	0.98	33.58
net income	25157000	5303000	374.39
net income ratio	0.74	0.2	276.94
eps	1.82	0.47	287.23

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	6998000	8095000	-13.55
gross profit	6998000	8095000	-13.55
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	6998000	124000	5,543.55
interest income	1093000	1083000	0.92
interest expense	3465000	3477000	-0.35
ebitda	-1125000	15493000	-107.26
ebitdaratio	-0.16	1.91	-108.40
operating income	0	7708000	-100.00
operating income ratio	0	0.95	-100.00
net income	-5800000	10812000	-153.64
net income ratio	-0.83	1.34	-162.05
eps	0.43	0.95	-54.74

Overall Score of Quarterly Income Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 7 million in 2024Q3 from 8 million in 2024Q2 representing a change of -13.55%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 7 million in 2024Q3 from 8 million in 2024Q2 representing a change of -13.55%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 7 million in 2024Q3 from 0 million in 2024Q2 representing a change of 5543.55%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -1 million in 2024Q3 from 15 million in 2024Q2 representing a change of -107.26%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 0 million in 2024Q3 from 8 million in 2024Q2 representing a change of -100.0%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -6 million in 2024Q3 from 11 million in 2024Q2 representing a change of -153.64%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0.43 in 2024Q3 from 0.43 in 2024Q2 representing a change of -54.74%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	260985000	260803000	0.07
total liabilities	154152000	165330000	-6.76
total equity	106833000	163160000	-34.52
cash and cash equivalents	2523000	3287000	-23.24
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	7027000	6845000	2.66
total non current assets	253958000	253958000	0.00
total current liabilities	4647000	4667000	-0.43
total non current liabilities	149505000	160663000	-6.94
common stock	123275000	123275000	0.00
retained earnings	-16442000	-27802000	40.86
total debt	13949000	13974000	-0.18

Overall Score of Annual Balance Sheet

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 261 million in 2023 from 261 million in 2022 representing a change of 0.07%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 154 million in 2023 from 165 million in 2022 representing a change of -6.76%. This indicates a decrease in overall liabilities.

  Total Current Assets: Total Current Assets increased to 7 million in 2023 from 7 million in 2022 representing a change of 2.66%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 5 million in 2023 from 5 million in 2022 representing a change of -0.43%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to -16 million in 2023 from -28 million in 2022 representing a change of 40.86%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 14 million in 2023 from 14 million in 2022 representing a change of -0.18%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Equity: Total Equity decreased to 107 million in 2023 from 163 million in 2022 representing a change of -34.52%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 3 million in 2023 from 3 million in 2022 representing a change of -23.24%. This indicates a decrease in available liquid assets.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	259316000	259279999	0.01
total liabilities	157714000	148656000	6.09
total equity	101602000	110624000	-8.16
cash and cash equivalents	2077000	2013000	3.18
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	5358000	5322000	0.68
total non current assets	253958000	253957999	0.00
total current liabilities	141115000	132068000	6.85
total non current liabilities	16599000	16588000	0.07
common stock	123275000	123275000	0.00
retained earnings	-21673000	-12651000	-71.31
total debt	13962000	13957000	0.04

Overall Score of Quarterly Balance Sheet

0.38 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 259 million in 2024Q3 from 259 million in 2024Q2 representing a change of 0.01%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of 3.18%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 5 million in 2024Q3 from 5 million in 2024Q2 representing a change of 0.68%. This indicates a better liquidity position.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 158 million in 2024Q3 from 149 million in 2024Q2 representing a change of 6.09%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 102 million in 2024Q3 from 111 million in 2024Q2 representing a change of -8.16%. This indicates a decrease in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities increased to 141 million in 2024Q3 from 132 million in 2024Q2 representing a change of 6.85%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -22 million in 2024Q3 from -13 million in 2024Q2 representing a change of -71.31%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 14 million in 2024Q3 from 14 million in 2024Q2 representing a change of 0.04%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-764000	916000	-183.41
operating cash flow	26863000	26624000	0.90
free cash flow	26863000	26624000	0.90
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	5091000	4695000	8.43
stock based compensation	0	0	NaN
accounts payables	55000	57000	-3.51
inventory	-55000	-57000	3.51
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-26583000	-12888000	-106.26
net cash used provided by financing activities	-27627000	-25708000	-7.46
cash at end of period	2523000	3287000	-23.24
accounts receivables	-972000	-557000	-74.51
cash at beginning of period	3287000	2371000	38.63

Overall Score of Annual Cashflow Statement

0.57 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -1 million in 2023 from 1 million in 2022 representing a change of -183.41%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Deferred Income Tax: Deferred Income Tax increased to 5 million in 2023 from 5 million in 2022 representing a change of 8.43%. This indicates that the company's tax liability for future periods has increased.

  Dividends Paid: Dividends Paid decreased to -27 million in 2023 from -13 million in 2022 representing a change of -106.26%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 27 million in 2023 from 27 million in 2022 representing a change of 0.9%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 27 million in 2023 from 27 million in 2022 representing a change of 0.9%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 0 million in 2022 representing a change of -3.51%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -1 million in 2023 from -1 million in 2022 representing a change of -74.51%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	6770000	5302000	27.69
free cash flow	6770000	5302000	27.69
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	1210000	1199000	0.92
stock based compensation	0	0	NaN
accounts receivables	75000	-141000	153.19
accounts payables	0	7000	-100.00
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-6463000	-3222000	-100.59
net cash used provided by financing activities	-6706000	-6664000	-0.63
net change in cash	64000	-27000	337.04
cash at end of period	2077000	2013000	3.18
cash at beginning of period	2013000	2040000	-1.32

Overall Score of Quarterly Cashflow Statement

0.57 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 337.04%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 7 million in 2024Q3 from 5 million in 2024Q2 representing a change of 27.69%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 7 million in 2024Q3 from 5 million in 2024Q2 representing a change of 27.69%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Deferred Income Tax: Deferred Income Tax increased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of 0.92%. This indicates that the company's tax liability for future periods has increased.

  Accounts Receivables: Accounts Receivables increased to 0 in 2024Q3 from 0 million in 2024Q2 representing a change of 153.19%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -6 million in 2024Q3 from -3 million in 2024Q2 representing a change of -100.59%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	3.0	2.38	25.85
net income per share	2.22	0.47	374.39
operating cash flow per share	2.37	2.35	0.90
free cash flow per share	2.37	2.35	0.90
cash per share	0.22	0.29	-23.24
book value per share	9.41	8.41	11.90
tangible book value per share	-7.94	-8.94	11.19
shareholders equity per share	9.41	8.41	11.90
interest debt per share	2.5	2.42	3.36
market cap	158154255	181315395	-12.77
enterprise value	169580255	192002395	-11.68
pe ratio	6.29	34.19	-81.61
price to sales ratio	4.64	6.7	-30.69
pocfratio	5.89	6.81	-13.55
pfcf ratio	5.89	6.81	-13.55
pb ratio	1.48	1.9	-22.05
ptb ratio	1.48	1.9	-22.05
ev to sales	4.98	7.1	-29.82
enterprise value over ebitda	3.8	8.18	-53.59
ev to operating cash flow	6.31	7.21	-12.46
ev to free cash flow	6.31	7.21	-12.46
earnings yield	0.16	0.03	443.86
free cash flow yield	0.17	0.15	15.67
debt to equity	0.13	0.15	-10.79
debt to assets	0.05	0.05	-0.25
net debt to ebitda	0.26	0.46	-43.81
current ratio	1.51	1.47	3.10
interest coverage	3.1	1.97	57.08
income quality	1.07	5.02	-78.73
dividend yield	0.17	0.07	136.47
payout ratio	1.06	2.43	-56.52
sales general and administrative to revenue	0.01	0.02	-19.54
research and ddevelopement to revenue	0	0.0	-100.00
intangibles to total assets	0.75	0.76	-0.07
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	21.66	9.4	130.40
roic	0.31	0.13	138.88
return on tangible assets	0.39	0.08	373.04
graham net net	-13.06	-14.04	6.99
working capital	2380000	2178000	9.27
tangible asset value	-90125000	-101485000	11.19
net current asset value	-147125000	-158485000	7.17
invested capital	199338000	199136000	0.10
average receivables	3989000	3224500	23.71
average payables	317500	261500	21.41
average inventory	0.5	1	-50.00
days sales outstanding	47.97	47.26	1.50
days payables outstanding	28.73	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	7.61	7.72	-1.48
payables turnover	12.7	0	NaN
inventory turnover	0	0	NaN
roe	0.24	0.06	323.95
capex per share	0	0	NaN

• Positive

  ROE: Return on Equity (ROE) increased to 0.24 on 2023-12-31 from 0.06 on 2022-12-31, representing a change of 323.95%. Suggesting the company has been generating high returns for its shareholders.

  Current Ratio: Current Ratio increased to 1.51 on 2023-12-31 from 1.47 on 2022-12-31, representing a change of 3.10%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.13 on 2023-12-31 from 0.15 on 2022-12-31, representing a change of -10.79%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 6.29 on 2023-12-31 from 34.19 on 2022-12-31, representing a change of -81.61%. Indicating a decrease in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
KEG-UN.TO
calendar year	2024	2024	NaN
revenue per share	0.62	0.71	-13.55
net income per share	-0.51	0.95	-153.64
operating cash flow per share	0.6	0.47	27.69
free cash flow per share	0.6	0.47	27.69
cash per share	0.18	0.18	3.18
book value per share	8.95	9.74	-8.16
tangible book value per share	-8.4	-7.6	-10.45
shareholders equity per share	8.95	9.74	-8.16
interest debt per share	1.53	1.54	-0.04
market cap	172005525	150433875	14.34
enterprise value	183890525	162377875	13.25
pe ratio	-7.41	3.48	-313.14
price to sales ratio	24.58	18.58	32.26
pocfratio	25.41	28.37	-10.45
pfcf ratio	25.41	28.37	-10.45
pb ratio	1.69	1.36	24.49
ptb ratio	1.69	1.36	24.49
ev to sales	26.28	20.06	31.00
enterprise value over ebitda	-163.46	10.48	-1,659.61
ev to operating cash flow	27.16	30.63	-11.31
ev to free cash flow	27.16	30.63	-11.31
earnings yield	-0.03	0.07	-146.92
free cash flow yield	0.04	0.04	11.67
debt to equity	0.14	0.13	8.92
debt to assets	0.05	0.05	0.02
net debt to ebitda	-10.56	0.77	-1,470.35
current ratio	0.04	0.04	-5.78
interest coverage	0	2.22	-100.00
income quality	-1.17	0.49	-338.03
dividend yield	0.04	0.02	75.43
payout ratio	-1.11	0.3	-473.93
sales general and administrative to revenue	0.02	0.02	1.68
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.76	0.76	-0.01
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	10.14	14.45	-29.81
roic	0	0.06	-100.00
return on tangible assets	-0.09	0.17	-153.61
graham net net	-13.5	-12.72	-6.07
working capital	-135757000	-126746000	-7.11
tangible asset value	-95356000	-86334001	-10.45
net current asset value	-152356000	-143334000	-6.29
invested capital	61201000	70212000	-12.83
average receivables	3065500	3023500	1.39
average payables	277000	285500	-2.98
average inventory	0	0	NaN
days sales outstanding	41.39	32.39	27.79
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	2.17	2.78	-21.75
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.06	0.1	-158.41
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to -0.06 on 2024-09-30 Q3 from 0.10 on 2024-06-30 Q2, representing a change of -158.41%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -7.41 on 2024-09-30 Q3 from 3.48 on 2024-06-30 Q2, representing a change of -313.14%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.04 on 2024-09-30 Q3 from 0.04 on 2024-06-30 Q2, representing a change of -5.78%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.14 on 2024-09-30 Q3 from 0.13 on 2024-06-30 Q2, representing a change of 8.92%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Positive Sentiment: Discounted Cash Flow value is 25.17 which is higher than current price 15.31, indicates the company may be undervalued.