Kelsian Group Limited (AU:KLS)
ASX:KLS
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Kelsian Group Limited
(Sydney:KLS)
Select Model
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Rating:69Neutral
Price Target:
AU$4.00
â–˛(1.78% Upside)
Action:ReiteratedDate:02/25/26
The score is primarily driven by solid financial performance (growth and improving gross margin) tempered by rising leverage and some profitability pressure. Valuation is supportive due to a reasonable P/E and strong dividend yield, while technical signals are mixed with only modest momentum.
Positive Factors
Consistent Revenue Growth
Sustained ~10% revenue growth indicates durable demand for contracted public transport services and successful contract renewals or route expansion. Because core revenue is driven by multi-year government contracts, this growth trend supports steady top-line scale and long-term operational planning.
Negative Factors
Rising Financial Leverage
The material rise in debt-to-equity signals greater reliance on external financing, increasing interest and refinancing risk. Higher leverage reduces balance sheet resilience to revenue shocks and limits strategic flexibility, making capital structure management a persistent multi-month risk for the business.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained ~10% revenue growth indicates durable demand for contracted public transport services and successful contract renewals or route expansion. Because core revenue is driven by multi-year government contracts, this growth trend supports steady top-line scale and long-term operational planning.
Read all positive factors
Kelsian Group Limited (KLS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.05B
Dividend Yield4.06%
Average Volume (3M)491.83K
Price to Earnings (P/E)8.9
Beta (1Y)1.01
Revenue Growth10.31%
EPS Growth33.06%
CountryAU
Employees11,130
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.25
Shares Outstanding271,656,680
10 Day Avg. Volume325,407
30 Day Avg. Volume491,826
Financial Highlights & Ratios
PEG Ratio-3.98
Price to Book (P/B)1.08
Price to Sales (P/S)0.46
P/FCF Ratio25.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.18Price Target Upside31.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.35
Revenue Forecast (FY)AU$2.37B
Kelsian Group Limited Business Overview & Revenue Model
Company Description
Kelsian Group Limited provides land and marine transport and tourism services in Australia, Singapore, and the United Kingdom. It operates through Marine & Tourism, Australian Bus, and International Bus segments. The Marine & Tourism segment opera...
How the Company Makes Money
Kelsian makes money primarily by operating passenger transport services and earning revenue from a mix of contracted and commercial sources. A significant portion typically comes from service contracts with government transport authorities and oth...
Kelsian Group Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.33B | 2.22B | 2.02B | 1.42B | 1.30B | 1.17B |
| Gross Profit | 644.47M | 688.69M | 351.91M | 257.90M | 233.30M | 192.11M |
| EBITDA | 273.28M | 255.93M | 268.72M | 133.11M | 157.99M | 160.98M |
| Net Income | 66.85M | 54.49M | 58.01M | 21.00M | 52.91M | 37.80M |
Balance Sheet | ||||||
| Total Assets | 2.51B | 2.50B | 2.40B | 2.18B | 1.42B | 1.37B |
| Cash, Cash Equivalents and Short-Term Investments | 141.90M | 182.78M | 134.47M | 157.94M | 141.09M | 103.50M |
| Total Debt | 1.24B | 1.07B | 1.02B | 806.38M | 459.12M | 464.63M |
| Total Liabilities | 1.56B | 1.54B | 1.47B | 1.25B | 783.57M | 761.86M |
| Stockholders Equity | 954.46M | 957.91M | 927.37M | 923.60M | 640.01M | 608.10M |
Cash Flow | ||||||
| Free Cash Flow | 99.04M | 40.67M | -3.13M | 28.05M | 70.75M | 70.15M |
| Operating Cash Flow | 222.35M | 205.17M | 146.70M | 128.98M | 115.04M | 111.85M |
| Investing Cash Flow | -106.17M | -140.47M | -262.98M | -650.24M | -86.08M | -69.56M |
| Financing Cash Flow | -105.34M | -19.54M | 92.75M | 535.68M | 8.42M | -58.41M |
Kelsian Group Limited Technical Analysis
Negative
3.93
Price Trends
3.99
Negative
4.10
Negative
4.23
Negative
Market Momentum
-0.01
Negative
49.12
Neutral
52.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KLS, the sentiment is Negative. The current price of 3.93 is above the 20-day moving average (MA) of 3.89, below the 50-day MA of 3.99, and below the 200-day MA of 4.23, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.12 is Neutral, neither overbought nor oversold. The STOCH value of 52.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KLS.
Kelsian Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$1.75B | 11.36 | 27.29% | 0.57% | 50.42% | 92.71% | |
72 Outperform | AU$7.10B | 6.76 | 7.42% | 4.29% | 4.70% | -20.38% | |
69 Neutral | AU$1.05B | 8.90 | 6.99% | 4.06% | 10.31% | 33.06% | |
66 Neutral | AU$1.89B | 17.28 | 13.62% | 1.85% | 22.85% | 30.32% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | AU$431.07M | 10.20 | 6.54% | 4.73% | -8.17% | -20.77% |
* Industrials Sector Average
AU:KLS
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Kelsian Group Limited Corporate Events
Kelsian Director Increases Indirect Stake via Dividend Reinvestment
Apr 27, 2026
Kelsian Group Limited has disclosed a change in director Diane Grady’s indirect shareholding, reflecting participation in the company’s Dividend Reinvestment Plan. The shares are held via the Grady Komor Super Fund Account jointly in t...
Kelsian Director Increases Indirect Shareholding via Dividend Reinvestment Plan
Apr 27, 2026
Kelsian Group Limited has disclosed a change in director Jacqueline McArthur’s indirect interest in the company’s shares, reflecting routine governance reporting under ASX requirements. McArthur, through entities of which she is a bene...
Kelsian Seeks ASX Quotation for New Dividend Plan Shares
Apr 20, 2026
Kelsian Group Limited has applied for quotation on the ASX of 61,786 new ordinary fully paid shares, issued under a dividend or distribution plan. The additional stock, scheduled to be quoted on 21 April 2026, modestly increases the company’...
Kelsian Updates Dividend Reinvestment Plan Pricing for Half‑Year Distribution
Apr 10, 2026
Kelsian Group Limited has updated its notification regarding a dividend on its ordinary fully paid shares for the six‑month period ended 31 December 2025. The update, released on 10 April 2026, specifically revises details of the Dividend Re...
Kelsian Wins Liverpool Bus Franchise as UK Market Shifts to Franchising
Apr 2, 2026
Kelsian’s UK subsidiary Huyton Travel has secured Tranche 1, Category 2 bus franchising contracts from the Liverpool City Region Combined Authority, covering the operation and maintenance of 73 buses from two leased depots. The initial term ...
Kelsian Discloses Final Share Interests of Departing Director Neil Smith
Mar 2, 2026
Kelsian Group Limited has notified the ASX that director Neil Espie Smith ceased to be a director on 28 February 2026, triggering a final disclosure of his interests in the company’s securities. The notice details that Smith directly holds 9...
Kelsian Sells Tourism Portfolio to Journey Beyond for A$161 Million
Feb 24, 2026
Kelsian Group has agreed to sell its Tourism Portfolio to experiential travel operator Journey Beyond for A$161 million on a cash and debt free basis, subject to working capital adjustments. The portfolio includes several SeaLink marine and sights...
Kelsian Group Declares Interim Dividend of AUD 0.08 per Share
Feb 24, 2026
Kelsian Group Limited has declared an ordinary dividend of AUD 0.08 per share for the six-month period ended 31 December 2025, payable on 20 April 2026. The dividend timetable sets an ex-dividend date of 19 March 2026, a record date of 20 March 20...
Kelsian lifts earnings guidance on record half-year and tourism asset sale
Feb 24, 2026
Kelsian Group reported a record half-year result for the six months to 31 December 2025, with revenue up 10.6% to $1.186 billion and strong growth across all divisions, particularly U.S. employee shuttle contracts, Sydney’s Bankstown rail re...
Kelsian lifts half-year profit and revenue, holds interim dividend steady
Feb 24, 2026
Kelsian Group Limited reported an 11% rise in revenue to $1.19 billion for the half year to 31 December 2025, with statutory net profit after tax up 62% to $32.4 million and underlying NPATA up 32%. The group’s improved earnings, reflected i...
Kelsian Director and Transit Systems Founder Neil Smith Resigns for Health Reasons
Feb 23, 2026
Kelsian Group has announced the resignation of non-executive director Neil Smith, effective 28 February 2026, due to health reasons. Smith, a founder and former chairman of Transit Systems Group prior to its 2020 acquisition by Kelsian, was credit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.