KEEL - Keel Infrastructure Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$5.25
DETAILS
HIGH:
$8.00
LOW:
$3.00
MEDIAN:
$5.00
CONSENSUS:
$5.25
DOWNSIDE:
12.94%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 229.3 | 192.9 | 146.4 | 142.4 | 169.5 | 34.7 | 32.4 | 33.8 | 9.0 |
| Cost of Revenue | 248.2 | 225.2 | 167.9 | 131.9 | 58.4 | 31.8 | 21.0 | 22.9 | 1.4 |
| Gross Profit | (18.9) | (32.4) | (21.5) | 10.5 | 111.1 | 2.9 | 11.4 | 10.9 | 7.6 |
| Operating Expenses | |||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 78.3 | 73.4 | 39.3 | 51.5 | 43.2 | 8.2 | 10.0 | 8.8 | 0.2 |
| Other Expenses | 52.4 | 1.8 | 11.3 | 243.0 | 4.2 | 1.4 | 0.1 | 20.1 | 0 |
| Operating Expenses | 130.7 | 75.2 | 50.6 | 294.5 | 47.5 | 9.6 | 10.0 | 28.9 | 0.2 |
| Operating Income | |||||||||
| Operating Income | (149.6) | (107.6) | (72.1) | (284.0) | 63.6 | (6.7) | 1.4 | (18.0) | 7.4 |
| Interest Expense | 8.6 | 1.7 | 4.1 | 14.2 | 3.4 | 6.1 | 3.3 | 0.1 | 0 |
| Interest Income | 6.3 | 6.0 | 1.4 | 0.5 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | (27.0) | 74.4 | (17.4) | (106.4) | 70.5 | 1.5 | 9.6 | (5.6) | 8.3 |
| EBIT | (149.6) | (66.6) | (102.2) | (178.8) | 46.1 | (10.0) | 2.8 | (18.1) | 7.1 |
| Income Before Tax | (208.4) | (68.4) | (109.3) | (193.1) | 42.6 | (16.1) | (0.5) | (18.2) | 7.1 |
| Income Tax Expense | 0.1 | (14.3) | (0.4) | (17.4) | 20.5 | 0.2 | (2.6) | 0.1 | 2.1 |
| Net Income | (284.5) | (54.1) | (108.9) | (175.6) | 22.1 | (16.3) | 2.9 | (9.4) | 5.1 |
| Per Share Data | |||||||||
| EPS (Basic) | -0.52 | -0.13 | -0.42 | -0.85 | 0.14 | -0.19 | 0.04 | -0.16 | 0.09 |
| EPS (Diluted) | -0.52 | -0.13 | -0.42 | -0.85 | 0.13 | -0.19 | 0.04 | -0.16 | 0.09 |
| Shares Outstanding | 551.7 | 414.7 | 262.2 | 207.8 | 157.7 | 84.9 | 67.0 | 56.9 | 57.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 573.5 | 59.5 | 84.0 | 30.8 | 125.6 | 5.9 | 2.2 | 0.6 | 4.5 |
| Short-Term Investments | 0 | 87.3 | 0 | 4.6 | 66.0 | 0 | 0 | 0 | 0 |
| Net Receivables | 5.5 | 9.0 | 0.7 | 16.8 | 1.0 | 1.4 | 3.7 | 1.3 | 0.5 |
| Inventory | 8.7 | 1.2 | 0.7 | 0.6 | 0.5 | 0.2 | 0.1 | 0.1 | 0.4 |
| Other Current Assets | 238.9 | 42.2 | 44.5 | 3.4 | 90.7 | 1.4 | 0.0 | 1.3 | 2.9 |
| Total Current Assets | 826.5 | 213.7 | 130.0 | 69.1 | 287.1 | 9.2 | 6.5 | 3.3 | 8.5 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 371.6 | 423.4 | 200.3 | 268.0 | 146.2 | 41.2 | 44.1 | 20.9 | 21.3 |
| Goodwill | 0 | 0 | 0 | 0 | 17.0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 3.0 | 4.0 | 3.7 | 0.0 | 1.7 | 0.4 | 0.7 | 1.0 | 4.7 |
| Long-Term Investments | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 94.1 | 26.5 | 44.7 | 6.0 | 86.7 | 0.9 | 1.5 | 1.1 | 0 |
| Total Non-Current Assets | 469.9 | 453.9 | 248.7 | 274.0 | 255.5 | 42.5 | 46.3 | 22.9 | 26.1 |
| Total Assets | 1,296.3 | 667.6 | 378.7 | 343.1 | 542.6 | 51.7 | 52.9 | 26.2 | 34.5 |
| Current Liabilities | |||||||||
| Account Payables | 0 | 21.9 | 9.1 | 12.9 | 14.5 | 2.1 | 2.3 | 1.9 | 4.5 |
| Short-Term Debt | 98.7 | 0.1 | 4.0 | 43.1 | 70.3 | 17.2 | 0.9 | 1.0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0 |
| Other Current Liabilities | 49.4 | 8.1 | 40.4 | 0.2 | 59.0 | 4.7 | 0 | 0.2 | 1.3 |
| Total Current Liabilities | 148.1 | 36.3 | 69.2 | 67.4 | 164.8 | 28.5 | 4.0 | 4.7 | 5.7 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 585.0 | 1.4 | 0 | 4.1 | 0.9 | 0.2 | 14.8 | 0.7 | 0 |
| Deferred Tax Liabilities | 0.1 | 0.1 | 0 | 0 | 8.5 | 0 | 0 | 0 | 0.7 |
| Other Non-Current Liabilities | 2.8 | 2.1 | 1.8 | 2.0 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Total Non-Current Liabilities | 587.9 | 23.4 | 14.8 | 20.3 | 18.8 | 7.8 | 20.8 | 0.9 | 0.9 |
| Total Liabilities | 736.0 | 59.6 | 84.0 | 87.7 | 183.6 | 36.3 | 24.8 | 5.6 | 6.6 |
| Stockholders' Equity | |||||||||
| Common Stock | 1,064.6 | 852.3 | 535.0 | 404.9 | 354.7 | 32.0 | 30.5 | 0.2 | 0.1 |
| Retained Earnings | (612.5) | (334.5) | (299.8) | (197.2) | (21.5) | (22.1) | (5.9) | (8.8) | 4.9 |
| Accumulated Other Comprehensive Income | 0 | 22.7 | 2.9 | 0 | 0 | 5.6 | 3.5 | 4.4 | 0 |
| Total Stockholders' Equity | 560.4 | 608.0 | 294.8 | 255.4 | 359.0 | 15.4 | 28.1 | 15.4 | 27.9 |
| Total Liabilities & Equity | 1,296.3 | 667.6 | 378.7 | 343.1 | 542.6 | 51.7 | 52.9 | 26.2 | 34.5 |
| Debt Metrics | |||||||||
| Total Debt | 683.8 | 23.4 | 19.9 | 65.0 | 84.7 | 28.4 | 22.2 | 1.7 | 0 |
| Net Debt | 110.3 | (36.1) | (64.2) | 34.2 | (40.9) | 22.4 | 20.0 | 1.2 | (4.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (284.5) | (54.1) | (108.9) | (239.1) | 22.1 | (16.3) | 2.1 | (18.2) | 5.1 |
| Depreciation & Amortization | 122.6 | 141.0 | 84.8 | 72.4 | 24.5 | 11.5 | 6.8 | 12.5 | 1.1 |
| Stock-Based Compensation | 15.0 | 13.9 | 10.9 | 21.8 | 22.6 | 2.2 | 2.9 | 0.7 | 0 |
| Change in Working Capital | 0 | (9.2) | 1.2 | (4.0) | 15.4 | 3.2 | (3.0) | (0.2) | 1.0 |
| Other Non-Cash Items | (79.7) | (216.4) | (110.8) | 217.4 | (130.6) | 5.1 | (1.2) | 20.1 | (0.0) |
| Operating Cash Flow | (226.6) | (140.6) | (105.7) | 36.2 | (37.2) | 7.2 | 6.0 | 13.8 | 7.9 |
| Investing Activities | |||||||||
| Capital Expenditure | (100.3) | (339.9) | (71.3) | (195.0) | (193.3) | (4.5) | (23.8) | (22.8) | (14.2) |
| Acquisitions | (48.1) | 0 | 0 | 10.1 | (23) | 0.9 | 1.4 | 0.6 | 0 |
| Purchases of Investments | (34.0) | (51.9) | (36.3) | (194.0) | (6.7) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 34.0 | 207.9 | 177.8 | 223.4 | 12.8 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 252.1 | 5.5 | 0.7 | 0.4 | (5.0) | (0.0) | (0.0) | 0.1 | 0 |
| Investing Cash Flow | 103.7 | (178.4) | 71.0 | (155.0) | (215.1) | (3.6) | (22.4) | (22.1) | (14.2) |
| Financing Activities | |||||||||
| Net Debt Issuance | 0 | (4.7) | (34.2) | 29.9 | 49.5 | (1.9) | 12.9 | 1.4 | 0 |
| Stock Repurchased | (10.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 694.3 | 9.6 | 13.0 | (60.0) | 63.3 | 2.0 | 0.1 | 0 | 0 |
| Financing Cash Flow | 694.3 | 294.5 | 87.9 | 24.0 | 372.0 | 0.2 | 18.0 | 4.3 | 10.9 |
| Cash Position | |||||||||
| Net Change in Cash | 571.4 | (24.5) | 53.2 | (94.7) | 119.6 | 3.8 | 1.6 | (4.0) | 4.7 |
| Cash at Beginning | 59.5 | 84.0 | 30.9 | 125.6 | 5.9 | 2.2 | 0.6 | 4.5 | 2.8 |
| Cash at End | 631.0 | 59.5 | 84.0 | 30.9 | 125.6 | 5.9 | 2.2 | 0.6 | 7.5 |
| Free Cash Flow | (326.9) | (480.4) | (177.0) | (158.7) | (230.4) | 2.7 | (17.8) | (9.0) | (6.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 229.3 | 192.9 | 146.4 | 142.4 | 169.5 | 34.7 | 32.4 | 33.8 | 9.0 |
| Gross Profit | (18.9) | (32.4) | (21.5) | 10.5 | 111.1 | 2.9 | 11.4 | 10.9 | 7.6 |
| Operating Income | (149.6) | (107.6) | (72.1) | (284.0) | 63.6 | (6.7) | 1.4 | (18.0) | 7.4 |
| Net Income | (284.5) | (54.1) | (108.9) | (175.6) | 22.1 | (16.3) | 2.9 | (9.4) | 5.1 |
| EPS (Diluted) | -0.52 | -0.13 | -0.42 | -0.85 | 0.13 | -0.19 | 0.04 | -0.16 | 0.09 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 573.5 | 59.5 | 84.0 | 30.8 | 125.6 | 5.9 | 2.2 | 0.6 | 4.5 |
| Total Assets | 1,296.3 | 667.6 | 378.7 | 343.1 | 542.6 | 51.7 | 52.9 | 26.2 | 34.5 |
| Total Debt | 683.8 | 23.4 | 19.9 | 65.0 | 84.7 | 28.4 | 22.2 | 1.7 | 0 |
| Stockholders' Equity | 560.4 | 608.0 | 294.8 | 255.4 | 359.0 | 15.4 | 28.1 | 15.4 | 27.9 |
| Cash Flow | |||||||||
| Operating Cash Flow | (226.6) | (140.6) | (105.7) | 36.2 | (37.2) | 7.2 | 6.0 | 13.8 | 7.9 |
| Capital Expenditure | (100.3) | (339.9) | (71.3) | (195.0) | (193.3) | (4.5) | (23.8) | (22.8) | (14.2) |
| Free Cash Flow | (326.9) | (480.4) | (177.0) | (158.7) | (230.4) | 2.7 | (17.8) | (9.0) | (6.2) |