Kelsian Group Management
Management criteria checks 4/4
Kelsian Group's CEO is Graeme Legh, appointed in Apr 2025, has a tenure of 1.25 years. total yearly compensation is A$1.65M, comprised of 65.1% salary and 34.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth A$1.84M. The average tenure of the management team and the board of directors is 3.6 years and 3.2 years respectively.
Key information
Graeme Legh
Chief executive officer
AU$1.7m
Total compensation
| CEO salary percentage | 65.07% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.6yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Narrative Update • Jun 24
KLS: Future Returns Will Reflect Steady Outlook And Slightly Leaner Profitability Assumptions
Analysts have made a minor adjustment to their Kelsian Group view, trimming the blended price target slightly as small changes to the discount rate, revenue growth assumptions and profit margin expectations flow through their models. What's in the News There are currently no recent Kelsian Group specific news items provided in the available sources.Narrative Update • Jun 07
KLS: Future Returns Will Reflect Steady Outlook And Slightly Leaner Profitability Assumptions
Analysts have modestly adjusted their price target for Kelsian Group, using a slightly lower discount rate, marginally higher revenue growth and profit margin assumptions, and a small change in future P/E expectations to support a refreshed view on fair value in A$ terms. What's in the News No recent company specific news or key developments for Kelsian Group were identified from the provided sources.Analysis Article • May 27
We Ran A Stock Scan For Earnings Growth And Kelsian Group (ASX:KLS) Passed With Ease
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • May 23
KLS: Future Returns Will Reflect Steady Outlook And Slightly Leaner Profitability Assumptions
Analysts have kept the fair value estimate for Kelsian Group steady at A$4.10, with a slightly higher discount rate and updated assumptions for revenue growth, profit margin and future P/E contributing to a refreshed price target narrative. Valuation Changes Fair Value: The fair value estimate is maintained at A$4.10, with no change in the headline valuation figure.Narrative Update • Apr 27
KLS: Future Returns Will Reflect Steady Cash Flows And Refined Profitability Assumptions
Analysts have adjusted their price target on Kelsian Group to A$4.10, aligning with an unchanged fair value estimate as they refine assumptions around the discount rate, revenue growth, profit margins, and future P/E levels. Valuation Changes Fair Value: Fair value remains unchanged at A$4.10 per share, indicating that the updated assumptions did not alter the overall valuation outcome.
Narrative Update • Apr 13
KLS: Steady Fair Value And Higher Future P/E Will Support Upside
Analysts have kept their fair value estimate for Kelsian Group steady at A$6.00 per share, citing only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their overall view. Valuation Changes Fair value remains unchanged at A$6.00 per share, indicating no material shift in the overall valuation outcome.Analysis Article • Apr 09
Why Kelsian Group Limited (ASX:KLS) Could Be Worth Watching
While Kelsian Group Limited ( ASX:KLS ) might not have the largest market cap around , it saw significant share price...Narrative Update • Mar 29
KLS: Stable Assumptions And Higher P/E Expectation Will Support Future Upside
Analysts have slightly adjusted their A$ price target for Kelsian Group, reflecting modest tweaks to the discount rate, revenue growth assumptions and future P/E expectations, while keeping fair value broadly in line with prior estimates. Valuation Changes Fair Value: A$6.00 remains unchanged, indicating no revision to the central valuation estimate.Narrative Update • Mar 15
KLS: Future Returns Will Balance Softer Revenue Outlook And Higher Profitability Assumptions
Analysts have modestly reduced their price target for Kelsian Group to A$4.10 per share, reflecting updated assumptions for revenue growth, profit margins and future P/E multiples, while keeping fair value broadly in line with prior estimates. Valuation Changes Fair Value: A$4.10 per share is unchanged, with the updated work keeping the central valuation point steady.Narrative Update • Mar 01
KLS: Higher Margins And Conservative Assumptions Will Support Stronger Future Upside
Analysts have mildly adjusted their view on Kelsian Group, lifting the fair value estimate from A$5.80 to A$6.00. They cite updated assumptions on revenue growth, profit margins, a slightly higher discount rate, and a modestly lower future P/E multiple.Narrative Update • Feb 15
KLS: Future Returns Will Balance Higher Discount Rate And Earnings Assumptions
Analysts have adjusted their price target on Kelsian Group to A$4.10 from A$4.00, reflecting updated assumptions on revenue growth, profit margins, discount rate and future P/E multiples. Valuation Changes Fair Value: Revised slightly higher from A$4.00 to A$4.10.Analysis Article • Nov 18
What Is Kelsian Group Limited's (ASX:KLS) Share Price Doing?
Kelsian Group Limited ( ASX:KLS ), is not the largest company out there, but it saw a double-digit share price rise of...Analysis Article • Aug 30
Kelsian Group's (ASX:KLS) Dividend Will Be A$0.095
Kelsian Group Limited ( ASX:KLS ) will pay a dividend of A$0.095 on the 21st of October. This makes the dividend yield...Analysis Article • Aug 29
Kelsian Group Limited (ASX:KLS) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Kelsian Group Limited ( ASX:KLS ) shares have continued their recent momentum with a 30% gain in the last month alone...
Narrative Update • Aug 27
North American Expansion And Operational Efficiencies Will Boost Future Performance
Despite a reduced consensus revenue growth forecast, analysts have raised Kelsian Group’s price target from A$4.46 to A$4.99, reflecting improved net profit margin expectations. Valuation Changes Summary of Valuation Changes for Kelsian Group The Consensus Analyst Price Target has significantly risen from A$4.46 to A$4.99.Analysis Article • May 17
Kelsian Group Limited's (ASX:KLS) 27% Jump Shows Its Popularity With Investors
Kelsian Group Limited ( ASX:KLS ) shareholders are no doubt pleased to see that the share price has bounced 27% in the...Analysis Article • May 07
Returns On Capital At Kelsian Group (ASX:KLS) Paint A Concerning Picture
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Apr 10
Calculating The Intrinsic Value Of Kelsian Group Limited (ASX:KLS)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Kelsian Group fair value estimate is AU$1.98 Current share...Analysis Article • Mar 23
Kelsian Group Limited (ASX:KLS) Stock's 28% Dive Might Signal An Opportunity But It Requires Some Scrutiny
The Kelsian Group Limited ( ASX:KLS ) share price has fared very poorly over the last month, falling by a substantial...Analysis Article • Mar 01
Kelsian Group's (ASX:KLS) Dividend Will Be A$0.08
The board of Kelsian Group Limited ( ASX:KLS ) has announced that it will pay a dividend on the 23rd of April, with...
New Narrative • Feb 09
US Market Entry And Zero-Emission Bus Investments Will Improve Future Prospects
The U.S. entry via AAAHI acquisition and zero-emission initiatives boost organic growth, aligning with global trends to secure more contracts and margins.Analysis Article • Dec 11
These 4 Measures Indicate That Kelsian Group (ASX:KLS) Is Using Debt Extensively
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Aug 30
Kelsian Group (ASX:KLS) Has Announced A Dividend Of A$0.095
The board of Kelsian Group Limited ( ASX:KLS ) has announced that it will pay a dividend of A$0.095 per share on the...Analysis Article • Aug 29
Take Care Before Jumping Onto Kelsian Group Limited (ASX:KLS) Even Though It's 27% Cheaper
Kelsian Group Limited ( ASX:KLS ) shareholders that were waiting for something to happen have been dealt a blow with a...Analysis Article • Feb 07
Kelsian Group Limited (ASX:KLS) Shares Could Be 33% Below Their Intrinsic Value Estimate
Key Insights Kelsian Group's estimated fair value is AU$9.98 based on 2 Stage Free Cash Flow to Equity Kelsian Group is...Analysis Article • Oct 10
Is Kelsian Group Limited (ASX:KLS) Trading At A 40% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Kelsian Group fair value estimate is AU$9.89 Kelsian Group's...Analysis Article • Sep 21
Is Now An Opportune Moment To Examine Kelsian Group Limited (ASX:KLS)?
Kelsian Group Limited ( ASX:KLS ), is not the largest company out there, but it saw significant share price movement...Analysis Article • Sep 05
Kelsian Group (ASX:KLS) Has Affirmed Its Dividend Of A$0.095
Kelsian Group Limited ( ASX:KLS ) will pay a dividend of A$0.095 on the 20th of October. The dividend yield will be...Analysis Article • Aug 02
Here's Why Kelsian Group (ASX:KLS) Has Caught The Eye Of Investors
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jun 14
Is Now An Opportune Moment To Examine Kelsian Group Limited (ASX:KLS)?
While Kelsian Group Limited ( ASX:KLS ) might not be the most widely known stock at the moment, it led the ASX gainers...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | AU$67m |
| Sep 30 2025 | n/a | n/a | AU$61m |
| Jun 30 2025 | AU$2m | AU$1m | AU$54m |
| Mar 31 2025 | n/a | n/a | AU$52m |
| Dec 31 2024 | n/a | n/a | AU$50m |
| Sep 30 2024 | n/a | n/a | AU$54m |
| Jun 30 2024 | AU$2m | AU$911k | AU$58m |
| Mar 31 2024 | n/a | n/a | AU$44m |
| Dec 31 2023 | n/a | n/a | AU$30m |
| Sep 30 2023 | n/a | n/a | AU$25m |
| Jun 30 2023 | AU$1m | AU$454k | AU$21m |
| Mar 31 2023 | n/a | n/a | AU$36m |
| Dec 31 2022 | n/a | n/a | AU$51m |
| Sep 30 2022 | n/a | n/a | AU$52m |
| Jun 30 2022 | AU$1m | AU$437k | AU$53m |
| Mar 31 2022 | n/a | n/a | AU$40m |
| Dec 31 2021 | n/a | n/a | AU$27m |
| Sep 30 2021 | n/a | n/a | AU$32m |
| Jun 30 2021 | AU$977k | AU$437k | AU$38m |
| Mar 31 2021 | n/a | n/a | AU$24m |
| Dec 31 2020 | n/a | n/a | AU$10m |
| Sep 30 2020 | n/a | n/a | -AU$2m |
| Jun 30 2020 | AU$760k | AU$198k | -AU$14m |
Compensation vs Market: Graeme's total compensation ($USD1.16M) is about average for companies of similar size in the Australian market ($USD1.14M).
Compensation vs Earnings: Graeme's compensation has been consistent with company performance over the past year.
CEO
Graeme Legh
1.3yrs
Tenure
AU$1,654,087
Compensation
Mr. Graeme Legh was Chief Executive Officer of All Aboard America! Holdings, Inc. from September 01, 2023 until June 2025. He has been Group Chief Executive Officer of Kelsian Group Limited since April 1,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 1.3yrs | AU$1.65m | 0.15% A$ 1.8m | |
| CFO & Joint Company Secretary | 9.5yrs | AU$812.00k | 0.079% A$ 956.4k | |
| Managing Director of Singapore | 6.5yrs | AU$807.96k | 0.014% A$ 165.5k | |
| Chief Executive Officer of Transit Systems | 3.6yrs | AU$606.13k | 0.00022% A$ 2.6k | |
| Chief Executive Officer of SeaLink Marine & Tourism | 2.8yrs | AU$593.26k | 0.026% A$ 311.0k | |
| Chief Executive Officer of All Aboard America! Holdings Inc | 1.1yrs | AU$441.12k | 0.034% A$ 411.9k | |
| Group Chief Information Officer | 2.5yrs | no data | no data | |
| Chief Legal & Risk Officer and Joint Company Secretary | 7.9yrs | AU$225.38k | no data | |
| Group Chairman & CFO of Tower Transit | 5yrs | AU$422.09k | no data | |
| Managing Director of Tower Transit UK | no data | no data | no data |
3.6yrs
Average Tenure
Experienced Management: KLS's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 3.8yrs | AU$156.13k | 0.014% A$ 162.8k | |
| Non-Executive Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 15.3yrs | AU$144.65k | 2.14% A$ 25.7m | |
| Independent Non-Executive Director | 2.5yrs | AU$170.96k | 0.027% A$ 322.6k | |
| Independent Non-Executive Director | 2.1yrs | AU$170.62k | 0.0037% A$ 44.3k | |
| Independent Non-Executive Chair | 9.8yrs | AU$272.00k | 0.046% A$ 555.5k |
3.2yrs
Average Tenure
66yo
Average Age
Experienced Board: KLS's board of directors are considered experienced (3.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/31 21:07 |
| End of Day Share Price | 2026/07/31 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Kelsian Group Limited is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Josephine Forde | BofA Global Research |
| Allan Franklin | Canaccord Genuity |
| Alexandra Clarke | CGS International |