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KLS

Kelsian Group ASX:KLS Stock Report

Last Price

AU$5.70

Market Cap

AU$1.3b

7D

-1.2%

1Y

-39.9%

Updated

30 Jun, 2022

Data

Company Financials +
KLS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends2/6

KLS Stock Overview

Kelsian Group Limited provides land and marine tourism and public transport services in Australia, Singapore, and the United Kingdom.

Kelsian Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kelsian Group
Historical stock prices
Current Share PriceAU$5.70
52 Week HighAU$10.33
52 Week LowAU$5.74
Beta1.08
1 Month Change-24.30%
3 Month Change-17.99%
1 Year Change-39.94%
3 Year Change53.23%
5 Year Change39.02%
Change since IPO280.00%

Recent News & Updates

Jun 25
These 4 Measures Indicate That Kelsian Group (ASX:KLS) Is Using Debt Reasonably Well

These 4 Measures Indicate That Kelsian Group (ASX:KLS) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jun 09
Kelsian Group Limited (ASX:KLS) Shares Could Be 39% Below Their Intrinsic Value Estimate

Kelsian Group Limited (ASX:KLS) Shares Could Be 39% Below Their Intrinsic Value Estimate

Does the June share price for Kelsian Group Limited ( ASX:KLS ) reflect what it's really worth? Today, we will estimate...

May 13
When Should You Buy Kelsian Group Limited (ASX:KLS)?

When Should You Buy Kelsian Group Limited (ASX:KLS)?

Kelsian Group Limited ( ASX:KLS ), might not be a large cap stock, but it saw a decent share price growth in the teens...

Shareholder Returns

KLSAU TransportationAU Market
7D-1.2%2.3%2.8%
1Y-39.9%-5.4%-9.6%

Return vs Industry: KLS underperformed the Australian Transportation industry which returned -5.4% over the past year.

Return vs Market: KLS underperformed the Australian Market which returned -9.6% over the past year.

Price Volatility

Is KLS's price volatile compared to industry and market?
KLS volatility
KLS Average Weekly Movement4.2%
Transportation Industry Average Movement5.3%
Market Average Movement9.8%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: KLS is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: KLS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989n/aClinton Feuerherdthttps://www.kelsian.com

Kelsian Group Limited provides land and marine tourism and public transport services in Australia, Singapore, and the United Kingdom. It operates through Marine & Tourism, Australian Bus, and International Bus segments. The Marine & Tourism segment operates vehicle and passenger ferry services, barging, coach tours and package holidays, lunch, dinner, charter cruises, and accommodation facilities.

Kelsian Group Fundamentals Summary

How do Kelsian Group's earnings and revenue compare to its market cap?
KLS fundamental statistics
Market CapAU$1.28b
Earnings (TTM)AU$27.02m
Revenue (TTM)AU$1.25b

46.1x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KLS income statement (TTM)
RevenueAU$1.25b
Cost of RevenueAU$940.66m
Gross ProfitAU$310.67m
Other ExpensesAU$283.66m
EarningsAU$27.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin24.83%
Net Profit Margin2.16%
Debt/Equity Ratio62.2%

How did KLS perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

129%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KLS 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/Revenue1.4x
Enterprise Value/EBITDA17.1x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

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

KLS PE Ratio vs Peers
The above table shows the PE ratio for KLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.9x
LAU Lindsay Australia
17.7x14.1%AU$114.8m
DBI Dalrymple Bay Infrastructure
7.6x-21.1%AU$974.2m
AQZ Alliance Aviation Services
83.8x66.6%AU$602.8m
AZJ Aurizon Holdings
11.7x3.8%AU$7.2b
KLS Kelsian Group
46.1x21.6%AU$1.3b

Price-To-Earnings vs Peers: KLS is expensive based on its Price-To-Earnings Ratio (46.1x) compared to the peer average (29.9x).


Price to Earnings Ratio vs Industry

How does KLS's PE Ratio compare vs other companies in the Global Transportation Industry?

Price-To-Earnings vs Industry: KLS is expensive based on its Price-To-Earnings Ratio (46.1x) compared to the Global Transportation industry average (14.6x)


Price to Earnings Ratio vs Fair Ratio

What is KLS'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.

KLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.1x
Fair PE Ratio33.8x

Price-To-Earnings vs Fair Ratio: KLS is expensive based on its Price-To-Earnings Ratio (46.1x) compared to the estimated Fair Price-To-Earnings Ratio (33.8x).


Share Price vs Fair Value

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

Below Fair Value: KLS (A$5.7) is trading below our estimate of fair value (A$11.59)

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


Price to Earnings Growth Ratio

PEG Ratio: KLS is poor value based on its PEG Ratio (2.1x)


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Future Growth

How is Kelsian Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KLS's forecast earnings growth (21.6% per year) is above the savings rate (1.8%).

Earnings vs Market: KLS's earnings (21.6% per year) are forecast to grow faster than the Australian market (5.5% per year).

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

Revenue vs Market: KLS's revenue (4.4% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: KLS's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KLS's Return on Equity is forecast to be low in 3 years time (14%).


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Past Performance

How has Kelsian Group 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


-5.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KLS has a large one-off gain of A$30.9M impacting its December 31 2021 financial results.

Growing Profit Margin: KLS's current net profit margins (2.2%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: KLS's earnings have declined by 5.2% per year over the past 5 years.

Accelerating Growth: KLS's earnings growth over the past year (178.6%) exceeds its 5-year average (-5.2% per year).

Earnings vs Industry: KLS earnings growth over the past year (178.6%) exceeded the Transportation industry 34.6%.


Return on Equity

High ROE: KLS's Return on Equity (4.4%) is considered low.


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Financial Health

How is Kelsian Group's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KLS's short term assets (A$261.0M) do not cover its short term liabilities (A$321.2M).

Long Term Liabilities: KLS's short term assets (A$261.0M) do not cover its long term liabilities (A$573.6M).


Debt to Equity History and Analysis

Debt Level: KLS's net debt to equity ratio (44.6%) is considered high.

Reducing Debt: KLS's debt to equity ratio has increased from 47.2% to 62.2% over the past 5 years.

Debt Coverage: KLS's debt is well covered by operating cash flow (25.9%).

Interest Coverage: KLS's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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Dividend

What is Kelsian Group 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

  • Future Dividend Coverage


2.81%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KLS's dividend (2.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.73%).

High Dividend: KLS's dividend (2.81%) is low compared to the top 25% of dividend payers in the Australian market (6.9%).


Stability and Growth of Payments

Stable Dividend: KLS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KLS's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (129.4%), KLS's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52.6%), KLS's dividend payments are 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

Clinton Feuerherdt

2.42yrs

Tenure

AU$2,025,063

Compensation

Mr. Clinton Feuerherdt, B.Com (Hons), serves as Chief Executive Officer of Transit Systems Pty Ltd. Mr. Feuerherdt has been Group Chief Executive Officer at Kelsian Group Limited (formerly known as SeaLink...


CEO Compensation Analysis

Compensation vs Market: Clinton's total compensation ($USD1.39M) is above average for companies of similar size in the Australian market ($USD1.03M).

Compensation vs Earnings: Clinton's compensation has increased by more than 20% in the past year.


Leadership Team

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


Board Members

Experienced Board: KLS's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Kelsian Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kelsian Group Limited
  • Ticker: KLS
  • Exchange: ASX
  • Founded: 1989
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: AU$1.282b
  • Shares outstanding: 218.40m
  • Website: https://www.kelsian.com

Location

  • Kelsian Group Limited
  • 26 Flinders Street
  • Level 3
  • Adelaide
  • South Australia
  • 5000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.