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Kelly Partners Group Holdings

ASX:KPG
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KPG
ASX
A$38M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Kelly Partners Group Holdings Limited provides chartered accounting services to private businesses and clients, and families in Australia. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • Kelly Partners Group Holdings has significant price volatility in the past 3 months.
KPG Share Price and Events
7 Day Returns
7%
ASX:KPG
2.3%
AU Professional Services
0.7%
AU Market
1 Year Returns
-41.7%
ASX:KPG
9.4%
AU Professional Services
4.7%
AU Market
KPG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kelly Partners Group Holdings (KPG) 7% -5.1% -26.5% -41.7% - -
AU Professional Services 2.3% 1.7% 9.5% 9.4% 17.9% 12.3%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • KPG underperformed the Professional Services industry which returned 9.4% over the past year.
  • KPG underperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Kelly Partners Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kelly Partners Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kelly Partners Group Holdings.

ASX:KPG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:KPG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.867 (1 + (1- 30%) (48.66%))
1.108
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.108 * 5.96%)
8.92%

Discounted Cash Flow Calculation for ASX:KPG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kelly Partners Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:KPG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.92%)
2019 8.28 Est @ 14.73% 7.60
2020 9.19 Est @ 11.01% 7.75
2021 9.96 Est @ 8.4% 7.71
2022 10.62 Est @ 6.57% 7.54
2023 11.18 Est @ 5.29% 7.29
2024 11.67 Est @ 4.4% 6.99
2025 12.11 Est @ 3.77% 6.66
2026 12.52 Est @ 3.33% 6.32
2027 12.89 Est @ 3.03% 5.98
2028 13.26 Est @ 2.81% 5.64
Present value of next 10 years cash flows A$69.49
ASX:KPG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$13.26 × (1 + 2.31%) ÷ (8.92% – 2.31%)
A$205.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$205.34 ÷ (1 + 8.92%)10
A$87.39
ASX:KPG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$69.49 + A$87.39
A$156.88
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$156.88 / 45.50
A$3.45
ASX:KPG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$3.45
Current discount Discount to share price of A$0.85
= -1 x (A$0.85 - A$3.45) / A$3.45
75.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kelly Partners Group Holdings is available for.
Intrinsic value
>50%
Share price is A$0.85 vs Future cash flow value of A$3.45
Current Discount Checks
For Kelly Partners Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kelly Partners Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kelly Partners Group Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kelly Partners Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kelly Partners Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:KPG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.10
ASX:KPG Share Price ** ASX (2019-04-18) in AUD A$0.85
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 17.64x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kelly Partners Group Holdings.

ASX:KPG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:KPG Share Price ÷ EPS (both in AUD)

= 0.85 ÷ 0.10

8.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kelly Partners Group Holdings is good value based on earnings compared to the AU Professional Services industry average.
  • Kelly Partners Group Holdings is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Kelly Partners Group Holdings's expected growth come at a high price?
Raw Data
ASX:KPG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
7%per year
Australia Professional Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Professional Services Companies 1.21x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

ASX:KPG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.65x ÷ 7%

1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kelly Partners Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kelly Partners Group Holdings's assets?
Raw Data
ASX:KPG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.32
ASX:KPG Share Price * ASX (2019-04-18) in AUD A$0.85
Australia Professional Services Industry PB Ratio Median Figure of 23 Publicly-Listed Professional Services Companies 2.2x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:KPG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:KPG Share Price ÷ Book Value per Share (both in AUD)

= 0.85 ÷ 0.32

2.64x

* Primary Listing of Kelly Partners Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kelly Partners Group Holdings is overvalued based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess Kelly Partners Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Kelly Partners Group Holdings has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kelly Partners Group Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kelly Partners Group Holdings expected to grow at an attractive rate?
  • Kelly Partners Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Kelly Partners Group Holdings's earnings growth is expected to exceed the Australia market average.
  • Kelly Partners Group Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:KPG Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:KPG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 7%
ASX:KPG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.6%
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 29.6%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 10.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:KPG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:KPG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 49 11 5 1
2020-06-30 45 10 5 1
2019-06-30 41 10 4 1
ASX:KPG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 40 9 4
2018-09-30 40 8 4
2018-06-30 39 7 4
2018-03-31 38 7 1
2017-12-31 36 7 -2
2017-09-30 33 7 -2
2017-06-30 30 7 -3
2017-03-31 26 5 -1
2016-12-31 23 4 1
2016-09-30 22 4 1
2016-06-30 21 4 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kelly Partners Group Holdings's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Kelly Partners Group Holdings's revenue is expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:KPG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Kelly Partners Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KPG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.11 0.11 0.11 1.00
2020-06-30 0.10 0.10 0.10 1.00
2019-06-30 0.09 0.09 0.09 1.00
ASX:KPG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.10
2018-06-30 0.10
2018-03-31 0.03
2017-12-31 -0.05
2017-09-30 -0.07
2017-06-30 -0.08
2017-03-31 -0.03
2016-12-31 0.02
2016-09-30 0.04
2016-06-30 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kelly Partners Group Holdings is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Kelly Partners Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kelly Partners Group Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kelly Partners Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kelly Partners Group Holdings's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kelly Partners Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Kelly Partners Group Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Kelly Partners Group Holdings has become profitable in the last year making it difficult to compare the AU Professional Services industry average.
Earnings and Revenue History
Kelly Partners Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kelly Partners Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KPG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 39.97 4.44 2.41
2018-09-30 39.72 4.41 2.35
2018-06-30 39.47 4.38 2.29
2018-03-31 37.52 1.16 2.71
2017-12-31 35.66 -2.06 2.74
2017-09-30 32.93 -2.43 2.44
2017-06-30 30.20 -2.79 2.14
2017-03-31 26.49 -1.00 2.07
2016-12-31 22.77 0.79 2.00
2016-09-30 21.92 1.40 1.91
2016-06-30 21.07 2.01 1.81
2015-06-30 20.27 1.39 4.98
2014-06-30 17.24 0.88 5.20
2013-06-30 13.06 1.04 3.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kelly Partners Group Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Kelly Partners Group Holdings used its assets more efficiently than the AU Professional Services industry average last year based on Return on Assets.
  • Kelly Partners Group Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kelly Partners Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kelly Partners Group Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kelly Partners Group Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kelly Partners Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kelly Partners Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kelly Partners Group Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kelly Partners Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kelly Partners Group Holdings Company Filings, last reported 3 months ago.

ASX:KPG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 22.57 18.71 3.51
2018-09-30 22.57 18.71 3.51
2018-06-30 24.12 14.77 3.41
2018-03-31 24.12 14.77 3.41
2017-12-31 20.65 14.29 3.06
2017-09-30 20.65 14.29 3.06
2017-06-30 19.83 14.96 3.21
2017-03-31 19.83 14.96 3.21
2016-12-31 7.70 23.36 7.17
2016-09-30 7.70 23.36 7.17
2016-06-30 9.33 13.27 0.66
2015-06-30 10.68 11.57 1.14
2014-06-30 8.60 12.97 0.61
2013-06-30 5.03 8.60 0.35
  • Kelly Partners Group Holdings's level of debt (82.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (158.2% vs 82.9% today).
  • Debt is well covered by operating cash flow (47.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.2x coverage).
X
Financial health checks
We assess Kelly Partners Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kelly Partners Group Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Kelly Partners Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.21%
Current annual income from Kelly Partners Group Holdings dividends. Estimated to be 5.68% next year.
If you bought A$2,000 of Kelly Partners Group Holdings shares you are expected to receive A$104 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kelly Partners Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
  • Kelly Partners Group Holdings's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:KPG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.1%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:KPG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.05 1.00
2020-06-30 0.05 1.00
2019-06-30 0.04 1.00
ASX:KPG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.044 5.392
2018-12-17 0.044 4.220
2018-10-15 0.044 3.724
2018-07-02 0.040 3.148
2018-05-01 0.040 3.117
2018-02-05 0.040 2.520
2017-11-01 0.040 2.411
2017-06-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Kelly Partners Group Holdings has stable dividend payments.
  • Kelly Partners Group Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Kelly Partners Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Kelly Partners Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kelly Partners Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kelly Partners Group Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kelly Partners Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brett Kelly
COMPENSATION A$428,477
CEO Bio

Mr. Brett Kelly, BBus,CA,MTax,DipFS,RTA,JP is Founder at Kelly Partners Group Holdings Limited. Mr. Kelly serves as the Chief Executive Officer and Executive Chairman of Kelly Partners Group Holdings Pty Ltd. Mr. Kelly serves as the Executive Chairman, CEO and Founder at Kelly Partners Capital Pty Limited. Mr. Kelly has more than 20 years commercial and professional accountancy experience. He specializes in Property, Commercial Transactions, Structuring, Strategy and Valuation. He was employed at Price Waterhouse for five years and worked in senior management roles across Audit, Business Services and Corporate Finance. Mr. Kelly holds a Degree in Business and Master's Degree in Taxation. His qualifications include DIP.FS FP, FTIA and JP.

CEO Compensation
  • Brett's compensation has increased in line with Kelly Partners Group Holdings recently becoming profitable.
  • Brett's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Kelly Partners Group Holdings management team in years:

2.2
Average Tenure
  • The tenure for the Kelly Partners Group Holdings management team is about average.
Management Team

Brett Kelly

TITLE
Founder
COMPENSATION
A$428K

Pauline Michelakis

TITLE
Chief Financial Officer
COMPENSATION
A$353K
TENURE
6.3 yrs

Leanne Edmonds

TITLE
Head of People
TENURE
1.3 yrs

Paul Kuchta

TITLE
Executive Director

David Franks

TITLE
Company Secretary
AGE
48
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure of the Kelly Partners Group Holdings board of directors in years:

1.9
Average Tenure
  • The average tenure for the Kelly Partners Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Brett Kelly

TITLE
Founder
COMPENSATION
A$428K

Steve Rouvray

TITLE
Independent Deputy Chairman
COMPENSATION
A$30K
TENURE
2.3 yrs

Paul Kuchta

TITLE
Executive Director
TENURE
1.9 yrs

Ryan MacNamee

TITLE
Independent Non Executive Director
COMPENSATION
A$30K
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kelly Partners Group Holdings insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
10. Mar 19 Buy Brett Kelly Individual 05. Mar 19 07. Mar 19 23,000 A$0.88 A$19,999
06. Mar 19 Buy Paul Kuchta Individual 06. Mar 19 06. Mar 19 11,005 A$0.87 A$9,519
26. Sep 18 Buy Pauline Michelakis Individual 21. Sep 18 25. Sep 18 62,939 A$1.26 A$79,165
X
Management checks
We assess Kelly Partners Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kelly Partners Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Kelly Partners Group Holdings Limited (ASX:KPG) A High Quality Stock To Own?

We'll use ROE to examine Kelly Partners Group Holdings Limited (ASX:KPG), by way of a worked example. … Over the last twelve months Kelly Partners Group Holdings has recorded a ROE of 44%. … Check out our latest analysis for Kelly Partners Group Holdings?

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Is Kelly Partners Group Holdings Limited (ASX:KPG) A Smart Pick For Income Investors?

Kelly Partners Group Holdings Limited (ASX:KPG) has begun paying dividends recently. … Does Kelly Partners Group Holdings tick all the boxes of a great dividend stock? … See our latest analysis for Kelly Partners Group Holdings

Simply Wall St -

An Examination Of Kelly Partners Group Holdings Limited (ASX:KPG)

Attractive stocks have exceptional fundamentals. … In the case of Kelly Partners Group Holdings Limited (ASX:KPG), there's

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The Kelly Partners Group Holdings Share Price Is Down 29% So Some Shareholders Are Getting Worried

For example, the Kelly Partners Group Holdings Limited (ASX:KPG) share price is down 29% in the last year. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the last year Kelly Partners Group Holdings grew its earnings per share, moving from a loss to a profit.

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What Percentage Of Kelly Partners Group Holdings Limited (ASX:KPG) Shares Do Insiders Own?

The big shareholder groups in Kelly Partners Group Holdings Limited (ASX:KPG) have power over the company. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … With a market capitalization of AU$54m, Kelly Partners Group Holdings is a small cap stock, so it might not be well known by many institutional investors.

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Can Kelly Partners Group Holdings Limited (ASX:KPG) Maintain Its Strong Returns?

To keep the lesson grounded in practicality, we'll use ROE to better understand Kelly Partners Group Holdings Limited (ASX:KPG). … Kelly Partners Group Holdings has a ROE of 41%, based on the last twelve months. … View our latest analysis for Kelly Partners Group Holdings?

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Is Kelly Partners Group Holdings Limited’s (ASX:KPG) 34% ROCE Any Good?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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What You Must Know About Kelly Partners Group Holdings Limited's (ASX:KPG) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

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Do Institutions Own Kelly Partners Group Holdings Limited (ASX:KPG) Shares?

A look at the shareholders of Kelly Partners Group Holdings Limited (ASX:KPG) can tell us which group is most powerful. … Kelly Partners Group Holdings is a smaller company with a market capitalization of AU$56m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Kelly Partners Group Holdings

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Can Kelly Partners Group Holdings Limited (ASX:KPG) Continue To Outperform Its Industry?

We'll use ROE to examine Kelly Partners Group Holdings Limited (ASX:KPG), by way of a worked example. … Kelly Partners Group Holdings has a ROE of 41%, based on the last twelve months. … See our latest analysis for Kelly Partners Group Holdings?

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Company Info

Description

Kelly Partners Group Holdings Limited provides chartered accounting services to private businesses and clients, and families in Australia. The company offers accounting, bookkeeping, business succession and valuation, cash flow and document management, insurance, corporate and M&A advisory, philanthropy, property management, strategic planning, wealth protection structuring, tax and accounting compliance, financing, marketing advisory, and specialist and strategic tax consulting services. It also provides auditing services, including financial statement audit, control review, and other services; estate and family succession, superannuation/SMSF, wealth management, payment and administration, estate and intergenerational planning, and trustee and estate services; and family business consulting, charter, governance, education, leadership, and office services. In addition, the company assists in the areas of valuation initiation, review and advice; and provides cloud accounting, compulsory acquisition, family law, lifestyle management, payroll, outsources CFO, and private wealth services, as well as industry audit and consulting services to owners and strata managers. Kelly Partners Group Holdings Limited was founded in 2006 and is headquartered in North Sydney, Australia.

Details
Name: Kelly Partners Group Holdings Limited
KPG
Exchange: ASX
Founded: 2006
A$38,445,117
45,497,181
Website: http://www.kellypartners.com.au
Address: Kelly Partners Group Holdings Limited
32 Walker Street,
Level 8,
North Sydney,
New South Wales, 2060,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX KPG Ordinary Shares Australian Securities Exchange AU AUD 21. Jun 2017
Number of employees
Current staff
Staff numbers
0
Kelly Partners Group Holdings employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:35
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/25
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.