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KPG

Kelly Partners Group Holdings ASX:KPG Stock Report

Last Price

AU$5.00

Market Cap

AU$219.2m

7D

6.4%

1Y

47.3%

Updated

30 Sep, 2022

Data

Company Financials +
KPG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance3/6
Financial Health2/6
Dividends2/6

KPG Stock Overview

Kelly Partners Group Holdings Limited provides chartered accounting and other professional services to private businesses and high net worth individuals in Australia.

Kelly Partners Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kelly Partners Group Holdings
Historical stock prices
Current Share PriceAU$5.00
52 Week HighAU$5.51
52 Week LowAU$3.11
Beta0.83
1 Month Change-1.96%
3 Month Change25.00%
1 Year Change47.28%
3 Year Change400.00%
5 Year Change206.75%
Change since IPO267.65%

Recent News & Updates

Sep 17
Kelly Partners Group Holdings (ASX:KPG) Is Paying Out A Dividend Of A$0.0156

Kelly Partners Group Holdings (ASX:KPG) Is Paying Out A Dividend Of A$0.0156

Kelly Partners Group Holdings Limited ( ASX:KPG ) has announced that it will pay a dividend of A$0.0156 per share on...

Shareholder Returns

KPGAU Professional ServicesAU Market
7D6.4%0.08%-0.5%
1Y47.3%-15.7%-9.7%

Return vs Industry: KPG exceeded the Australian Professional Services industry which returned -15.7% over the past year.

Return vs Market: KPG exceeded the Australian Market which returned -9.7% over the past year.

Price Volatility

Is KPG's price volatile compared to industry and market?
KPG volatility
KPG Average Weekly Movement5.9%
Professional Services Industry Average Movement5.9%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.2%

Stable Share Price: KPG is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: KPG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aBrett Kellyhttps://kellypartnersgroup.com.au

Kelly Partners Group Holdings Limited provides chartered accounting and other professional services to private businesses and high net worth individuals in Australia. The company operates through two segments, Accounting and Other Services. It offers accounting and taxation, corporate secretarial, outsourced CFO, audit, business structuring, bookkeeping, and other accounting related services.

Kelly Partners Group Holdings Fundamentals Summary

How do Kelly Partners Group Holdings's earnings and revenue compare to its market cap?
KPG fundamental statistics
Market CapAU$219.15m
Earnings (TTM)AU$5.56m
Revenue (TTM)AU$64.91m

40.4x

P/E Ratio

3.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KPG income statement (TTM)
RevenueAU$64.91m
Cost of RevenueAU$32.27m
Gross ProfitAU$32.64m
Other ExpensesAU$27.08m
EarningsAU$5.56m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin50.29%
Net Profit Margin8.57%
Debt/Equity Ratio104.4%

How did KPG perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

47%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KPG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KPG?

Other financial metrics that can be useful for relative valuation.

KPG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA13.9x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does KPG's PE Ratio compare to its peers?

KPG PE Ratio vs Peers
The above table shows the PE ratio for KPG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average41.5x
QIP QANTM Intellectual Property
18.5xn/aAU$135.5m
CUP CountPlus
15.7x15.1%AU$80.1m
VRS Veris
91.8xn/aAU$46.8m
IPH IPH
39.7x15.0%AU$2.1b
KPG Kelly Partners Group Holdings
40.4x34.8%AU$219.2m

Price-To-Earnings vs Peers: KPG is good value based on its Price-To-Earnings Ratio (40.4x) compared to the peer average (41.5x).


Price to Earnings Ratio vs Industry

How does KPG's PE Ratio compare vs other companies in the Global Professional Services Industry?

Price-To-Earnings vs Industry: KPG is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the Global Professional Services industry average (19x)


Price to Earnings Ratio vs Fair Ratio

What is KPG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KPG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.4x
Fair PE Ratio27.5x

Price-To-Earnings vs Fair Ratio: KPG is expensive based on its Price-To-Earnings Ratio (40.4x) compared to the estimated Fair Price-To-Earnings Ratio (27.5x).


Share Price vs Fair Value

What is the Fair Price of KPG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KPG (A$5) is trading below our estimate of fair value (A$8.22)

Significantly Below Fair Value: KPG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


34.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KPG's forecast earnings growth (34.8% per year) is above the savings rate (1.8%).

Earnings vs Market: KPG's earnings (34.8% per year) are forecast to grow faster than the Australian market (6.5% per year).

High Growth Earnings: KPG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KPG's revenue (15.2% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: KPG's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KPG's Return on Equity is forecast to be very high in 3 years time (199.4%).


Discover growth companies

Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KPG has high quality earnings.

Growing Profit Margin: KPG's current net profit margins (8.6%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: KPG has become profitable over the past 5 years, growing earnings by 34% per year.

Accelerating Growth: KPG's earnings growth over the past year (20.2%) is below its 5-year average (34% per year).

Earnings vs Industry: KPG earnings growth over the past year (20.2%) exceeded the Professional Services industry 12.3%.


Return on Equity

High ROE: Whilst KPG's Return on Equity (39.26%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Kelly Partners Group Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KPG's short term assets (A$18.1M) do not cover its short term liabilities (A$26.3M).

Long Term Liabilities: KPG's short term assets (A$18.1M) do not cover its long term liabilities (A$46.4M).


Debt to Equity History and Analysis

Debt Level: KPG's net debt to equity ratio (95.7%) is considered high.

Reducing Debt: KPG's debt to equity ratio has increased from 58.8% to 104.4% over the past 5 years.

Debt Coverage: KPG's debt is well covered by operating cash flow (49.6%).

Interest Coverage: KPG's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.90%

Current Dividend Yield

Dividend Yield vs Market

Kelly Partners Group Holdings Dividend Yield vs Market
How does Kelly Partners Group Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Kelly Partners Group Holdings)1.9%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Professional Services)4.2%
Analyst forecast in 3 Years (Kelly Partners Group Holdings)2.3%

Notable Dividend: KPG's dividend (1.9%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.77%).

High Dividend: KPG's dividend (1.9%) is low compared to the top 25% of dividend payers in the Australian market (7.18%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KPG has been paying a dividend for less than 10 years.

Growing Dividend: KPG's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.3%), KPG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42.2%), KPG's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Brett Kelly

5.42yrs

Tenure

AU$429,452

Compensation

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...


CEO Compensation Analysis

Brett Kelly's Compensation vs Kelly Partners Group Holdings Earnings
How has Brett Kelly's remuneration changed compared to Kelly Partners Group Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$429kAU$338k

AU$6m

Mar 31 2022n/an/a

AU$5m

Dec 31 2021n/an/a

AU$5m

Sep 30 2021n/an/a

AU$5m

Jun 30 2021AU$459kAU$338k

AU$5m

Mar 31 2021n/an/a

AU$5m

Dec 31 2020n/an/a

AU$6m

Sep 30 2020n/an/a

AU$5m

Jun 30 2020AU$442kAU$321k

AU$4m

Mar 31 2020n/an/a

AU$3m

Dec 31 2019n/an/a

AU$3m

Sep 30 2019n/an/a

AU$2m

Jun 30 2019AU$434kAU$340k

AU$2m

Mar 31 2019n/an/a

AU$3m

Dec 31 2018n/an/a

AU$4m

Sep 30 2018n/an/a

AU$4m

Jun 30 2018AU$428kAU$340k

AU$4m

Mar 31 2018n/an/a

AU$1m

Dec 31 2017n/an/a

-AU$2m

Sep 30 2017n/an/a

-AU$2m

Jun 30 2017AU$97kAU$44k

-AU$3m

Compensation vs Market: Brett's total compensation ($USD278.27K) is about average for companies of similar size in the Australian market ($USD274.34K).

Compensation vs Earnings: Brett's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KPG's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: KPG's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KPG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:KPG Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Sep 22BuyAU$4,131Paul KuchtaIndividual812AU$5.09
24 Aug 22BuyAU$51,856Lawrence CunninghamIndividual10,000AU$5.19
22 Aug 22BuyAU$5,959Paul KuchtaIndividual1,157AU$5.15
09 Aug 22BuyAU$13,390Paul KuchtaIndividual2,600AU$5.15
23 Jun 22SellAU$92,983Brett KellyIndividual25,289AU$3.68
20 Jun 22BuyAU$15,000Ada Wing PoonIndividual3,896AU$3.85
15 Jun 22SellAU$60,538Brett KellyIndividual16,600AU$3.65
08 Jun 22SellAU$39,800Brett KellyIndividual9,991AU$3.98
01 Jun 22BuyAU$8,972Paul KuchtaIndividual2,243AU$4.00
13 May 22SellAU$6,847Brett KellyIndividual1,518AU$4.51
09 May 22BuyAU$7,358Brett KellyIndividual1,476AU$5.02
09 May 22SellAU$4,960Brett KellyIndividual1,006AU$4.93
09 May 22SellAU$2,401Brett KellyIndividual480AU$5.00
29 Apr 22BuyAU$51,185Ada Wing PoonIndividual10,001AU$5.12
20 Dec 21BuyAU$571,366IPConcept Fund Management SACompany150,362AU$3.80
10 Nov 21BuyAU$18,267Ada Wing PoonIndividual4,500AU$4.06
09 Nov 21BuyAU$3,674Brett KellyIndividual923AU$3.98

Ownership Breakdown

What is the ownership structure of KPG?
Owner TypeNumber of SharesOwnership Percentage
Private Companies1,867,9104.2%
General Public8,583,51719.1%
Institutions9,150,29320.3%
Individual Insiders25,398,28056.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 24 shareholders own 80.93% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.33%
Brett Kelly
22,646,592A$113.2m0%no data
7.01%
Polleit & Riechert Investment Management LLP
3,156,449A$15.8m0%16.08%
6.92%
IPConcept Fund Management SA
3,113,401A$15.6m0%3.26%
4.98%
Ellerston Capital Limited
2,241,200A$11.2m0%2.44%
1.41%
Kalumic Pty Ltd
636,000A$3.2m0%no data
1.33%
Joh. Berenberg, Gossler & Co. KG, Asset Management Arm
600,000A$3.0m0%0.06%
1.11%
Gildale Family Co Pty Ltd
500,000A$2.5m7.2%no data
1.11%
Campbell Family Trust
500,000A$2.5m0%no data
1.02%
Kay Bullock
458,984A$2.3m0%no data
0.99%
Kristian Haigh
446,327A$2.2m-11%no data
0.88%
Ada Wing Poon
397,698A$2.0m0%no data
0.87%
Kenneth Ko
393,504A$2.0m0%no data
0.59%
Craig Bullock
264,263A$1.3m0%no data
0.52%
Brjt Family Trust
231,910A$1.2m-18.95%no data
0.38%
Paul Kuchta
170,812A$854.1k2.75%no data
0.36%
Ryan MacNamee
159,901A$799.5k0%no data
0.33%
Stephen Rouvray
150,000A$750.0k0%no data
0.22%
Sundeep Kalra
100,067A$500.3k0%no data
0.22%
Anoop Kalra
100,066A$500.3k0%no data
0.22%
Shikha Mohanty
100,066A$500.3k0%no data
0.068%
FMR LLC
30,537A$152.7k-96.51%no data
0.022%
Lawrence Cunningham
10,000A$50.0k0%no data
0.014%
Dimensional Fund Advisors LP
6,402A$32.0k-0.25%no data
0.0051%
Acadian Asset Management LLC
2,304A$11.5k-15.39%no data

Company Information

Kelly Partners Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kelly Partners Group Holdings Limited
  • Ticker: KPG
  • Exchange: ASX
  • Founded: 2006
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: AU$219.150m
  • Shares outstanding: 45.00m
  • Website: https://kellypartnersgroup.com.au

Location

  • Kelly Partners Group Holdings Limited
  • 32 Walker Street
  • Level 8
  • North Sydney
  • New South Wales
  • 2060
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KPGASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2017
KPGCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2017
KPGH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.