Kelsian Group Limited (AU:KLS)
ASX:KLS
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Kelsian Group Limited
(Sydney:KLS)
Select Model
Select Model
Rating:69Neutral
Price Target:
AU$4.00
â–²(0.76% 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
Contracted public transport model
Multi-year, contracted public transport operations provide predictable, recurring cash flows and high revenue visibility. Government tenders create structural demand and switching costs, supporting stable utilization and cash generation versus purely commercial, volatile transport services.
Negative Factors
Rising leverage
A materially higher debt-to-equity ratio raises financial risk and reduces balance-sheet flexibility. Elevated leverage increases interest exposure and may limit the company’s ability to pursue organic or acquisitive growth, and could strain cash flow during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted public transport model
Multi-year, contracted public transport operations provide predictable, recurring cash flows and high revenue visibility. Government tenders create structural demand and switching costs, supporting stable utilization and cash generation versus purely commercial, volatile transport services.
Read all positive factors
Kelsian Group Limited (KLS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.08B
Dividend Yield4.06%
Average Volume (3M)491.83K
Price to Earnings (P/E)8.9
Beta (1Y)1.00
Revenue Growth9.52%
EPS Growth-8.76%
CountryAU
Employees11,130
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.19
Shares Outstanding271,594,900
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$5.20Price Target Upside30.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.36
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 primarily makes money by operating bus and coach services under contracts with government transport authorities and other customers. A major revenue stream comes from contracted public transport operations, where Kelsian is paid to deliver...
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
Neutral
3.97
Price Trends
3.98
Negative
4.12
Negative
4.22
Negative
Market Momentum
-0.02
Negative
51.04
Neutral
76.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KLS, the sentiment is Neutral. The current price of 3.97 is above the 20-day moving average (MA) of 3.88, below the 50-day MA of 3.98, and below the 200-day MA of 4.22, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 51.04 is Neutral, neither overbought nor oversold. The STOCH value of 76.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$1.47B | 11.36 | 25.18% | 0.57% | 36.30% | 82.20% | |
72 Outperform | AU$7.02B | 6.76 | 7.42% | 4.29% | 3.01% | -23.84% | |
69 Neutral | AU$1.08B | 8.90 | 6.99% | 4.06% | 9.52% | -8.76% | |
66 Neutral | AU$1.70B | 17.28 | 13.62% | 1.85% | 23.76% | 21.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | AU$437.91M | 10.20 | 6.54% | 4.73% | -9.67% | -6.49% |
* Industrials Sector Average
AU:KLS
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Kelsian Group Limited Corporate Events
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...
Kelsian Group Reports Lapse of 5,473 Performance Rights
Jan 30, 2026
Kelsian Group Limited has reported the lapse of 5,473 performance rights, which have ceased because the conditions attached to those rights were not met or became incapable of being satisfied as of 30 January 2026. The cessation marginally reduces...
Kelsian Sets Date for FY26 Half-Year Results and Investor Webcast
Jan 12, 2026
Kelsian Group Limited has scheduled the release of its FY26 half-year financial results, covering the six months to 31 December 2025, for before market open on Tuesday, 24 February 2026, accompanied by a webcast presentation hosted by Group CEO Gr...
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.