# Keel Infrastructure Corp. (KEEL) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Consumer Finance. Price $3.47, market value $2.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Keel Infrastructure Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 11.5×**. Each dollar of revenue is priced at 11.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 6.5×**. The shares trade at 6.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -19.1%** (5-yr avg -118.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: -70.7%**. Keel Infrastructure Corp. keeps -70.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -146.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -90.9%**. The company reported a net loss over the last twelve months.
- **Return on equity: -37.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -40.7%**. Return on all capital, debt included, is -40.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -27.5%**. Each dollar of assets produces -27.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 72.0%** (3-yr 17.2%/yr). Revenue grew 72.0% over the last year.
- **EPS growth (1 yr): -300.0%**. Earnings per share fell 300.0%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $573 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Keel Infrastructure Corp. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (10 analysts). 10 analysts cover Keel Infrastructure Corp.; the consensus is strong_buy, with an average price target of $6.45 (+86% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 177.6%** (YTD 47.7%, 3-mo -32.4%). The shares are up 177.6% over twelve months including dividends.
- **From 52-week high: -52.9%** (166.9% above the low). Trading 53% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 4.30** (volatility 117%). Beta of 4.30 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KEEL · Page: https://foliofundamentals.com/stocks/keel

Not investment advice.