Kelly Partners Group Holdings Ltd. (KPG) AI Stock Analysis

• Market Cap: AU$486.71M
• Dividend Yield: 0.08%
• Average Volume (3M): 45.91K
• Price to Earnings (P/E): 141.4
• Beta (1Y): 0.39
• Revenue Growth: 24.47%
• EPS Growth: 21.28%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 74
• Industry: Specialty Business Services
• EPS (TTM): N/A
• Shares Outstanding: 45,274,956
• 10 Day Avg. Volume: 38,431
• 30 Day Avg. Volume: 45,908
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$11.50
• Price Target Upside: 6.88% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: AU$11.50 ▲(6.88% Upside)

Kelly Partners Group Holdings Ltd. has a solid financial performance with strong revenue growth and operational efficiency. The earnings call highlighted positive strategic developments and robust cash flow, contributing to a favorable outlook. However, the high P/E ratio suggests potential overvaluation, and technical indicators show a lack of strong momentum. The company must manage its leverage and international expansion costs to sustain long-term growth.

Kelly Partners Group Holdings Ltd. Business Overview & Revenue Model

Company Description

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. The company also provides financial broking, wealth management, investment office, and other non-accounting services. Kelly Partners Group Holdings Limited was founded in 2006 and is based in North Sydney, Australia.

How the Company Makes Money

Kelly Partners Group Holdings Ltd. generates revenue primarily through fees for its accounting and business advisory services. Key revenue streams include tax compliance services, business consulting, and wealth management, which are offered to a diverse client base of SMEs. The company benefits from recurring income through long-term relationships with clients who require ongoing financial services. Additionally, KPG may engage in strategic partnerships or acquisitions to expand its service offerings and geographical reach, further contributing to its revenue growth.

Kelly Partners Group Holdings Ltd. Financial Statement Overview

Summary

Kelly Partners Group Holdings Ltd. shows robust revenue growth and operational efficiency, as evidenced by strong EBIT and EBITDA margins. However, the company faces challenges with a high debt-to-equity ratio, which could impact financial stability. Cash flow metrics are generally positive, supporting the company's ability to generate cash from operations. Overall, the company is on a growth trajectory but must manage its leverage carefully to sustain long-term financial health.

Income Statement

Kelly Partners Group Holdings Ltd. has demonstrated strong revenue growth with a rate of 11.98% in the most recent year, indicating a positive trajectory. The gross profit margin is exceptionally high at 100%, suggesting efficient cost management. However, the net profit margin is relatively low at 2.54%, which may indicate high operating expenses or other costs. The EBIT and EBITDA margins are healthy at 16.88% and 27.63%, respectively, showing good operational efficiency.

Balance Sheet

The company has a high debt-to-equity ratio of 3.58, indicating significant leverage, which could pose financial risks if not managed properly. Return on equity is moderate at 12.01%, reflecting decent profitability relative to shareholder equity. The equity ratio is not provided, but the overall leverage suggests a need for cautious financial management.

Cash Flow

The free cash flow growth rate is positive at 5.64%, indicating improving cash generation capabilities. The operating cash flow to net income ratio is 0.58, suggesting that cash flow generation is not fully aligned with reported earnings. The free cash flow to net income ratio is strong at 0.92, indicating that a significant portion of earnings is converted into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	134.61M	134.61M	108.14M	86.52M	64.86M	48.91M
Gross Profit	44.87M	134.61M	53.90M	14.71M	16.66M	14.02M
EBITDA	36.94M	37.20M	31.69M	24.35M	24.44M	18.69M
Net Income	3.41M	3.41M	3.52M	3.93M	5.56M	4.62M
Balance Sheet
Total Assets	198.96M	198.96M	159.32M	132.59M	106.64M	67.61M
Cash, Cash Equivalents and Short-Term Investments	6.87M	6.87M	3.27M	5.33M	2.97M	4.04M
Total Debt	101.88M	101.88M	79.75M	72.66M	53.74M	31.85M
Total Liabilities	132.48M	132.48M	106.96M	97.12M	72.69M	42.46M
Stockholders Equity	28.42M	28.42M	22.64M	20.54M	20.70M	17.95M
Cash Flow
Free Cash Flow	28.84M	28.74M	21.33M	16.85M	10.11M	12.76M
Operating Cash Flow	31.27M	31.27M	25.61M	19.50M	17.58M	15.08M
Investing Cash Flow	-19.78M	-19.78M	-14.82M	-11.33M	-20.93M	-4.45M
Financing Cash Flow	-11.39M	-11.39M	-5.95M	-14.95M	3.58M	-11.00M

Kelly Partners Group Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KPG, the sentiment is Positive. The current price of 10.76 is above the 20-day moving average (MA) of 10.51, below the 50-day MA of 10.82, and below the 200-day MA of 10.90, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 42.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:KPG.

Kelly Partners Group Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KPG	65 Neutral	AU$486.71M	141.45	13.37%	0.08%	24.47%	21.28%
Sector *	64 Neutral	$10.73B	15.74	7.64%	2.01%	2.76%	-15.10%
STGXF	―	$803.59M	13.28	31.30%	5.50%	―	―
CUP	59 Neutral	AU$174.19M	19.57	8.06%	3.83%	27.05%	520.93%

Kelly Partners Group Holdings Ltd. Corporate Events

Kelly Partners Expands U.S. Presence with New Partnership

Kelly Partners Group Holdings Limited has formed a partnership with James Howard Accountancy Corporation, a CPA firm in California, expanding its reach in the U.S. market. This partnership, which involves acquiring a 50.1% interest in the firm, is part of Kelly Partners’ strategy to grow its presence in the U.S., now servicing approximately 8% of McDonald’s franchisees in the country. The move is expected to enhance the company’s revenue and confirms the appeal of its business model to accounting firms in the U.S.

Kelly Partners Group Issues New Shares to Bolster Growth

Kelly Partners Group Holdings Ltd announced the issuance of 374,957 ordinary shares without disclosure under the Corporations Act, confirming compliance with relevant legal provisions and the absence of excluded information. This move reflects the company’s ongoing strategy to strengthen its market position and operational capabilities, potentially impacting stakeholders by enhancing growth prospects and reinforcing its unique business model in the accounting industry.

Kelly Partners Group Expands ASX Quotation with New Securities

Kelly Partners Group Holdings Ltd. has announced the application for the quotation of 374,957 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective June 27, 2025. This move is part of previously announced transactions and is expected to enhance the company’s financial flexibility and market presence, potentially benefiting stakeholders by increasing the liquidity of its shares.

Kelly Partners Announces Director’s Shareholding Adjustment

Kelly Partners Group Holdings Ltd. announced a change in the director’s interest, specifically involving Brett Kelly, who disposed of 25,135 ordinary shares through on-market transfers. This transaction reflects a minor adjustment in the director’s shareholding, with implications for the company’s governance and potential investor perceptions, although it does not significantly alter the overall share distribution.

Kelly Partners Group Announces Proposed Securities Issue

Kelly Partners Group Holdings Ltd. announced a proposed issue of 374,957 ordinary fully paid securities, as part of a placement or other type of issue, with the proposed issue date set for June 27, 2025. This strategic move is likely aimed at raising capital to support the company’s growth initiatives, potentially strengthening its market position and offering enhanced value to its stakeholders.

Kelly Partners Group Announces Strategic Share Placement with Operating Partners

Kelly Partners Group Holdings Ltd announced a private share placement with 41 of its Operating Partners, marking its first capital raising since its 2017 IPO. This move allows Operating Partners to invest in the company and share in its long-term growth, with the issuance of 374,957 shares at a 4.8% premium, raising $4,177,021. The placement increases Operating Partners’ ownership to approximately 9% of the company, reflecting a strategic effort to align interests and enhance stakeholder value.

Change in Director’s Interest at Kelly Partners Group Holdings

Kelly Partners Group Holdings Limited announced a change in the director’s interest, specifically involving Brett Kelly. The notice details the disposal of 23,470 ordinary shares by Brett Kelly through on-market transfers, resulting in a decrease in his total shareholding. This change in director’s interest may have implications for the company’s stock market perception and stakeholder confidence.

Kelly Partners Group Announces Director’s Share Disposal

Kelly Partners Group Holdings Limited has announced a change in the director’s interest notice concerning Brett Kelly. The change involves the disposal of 30,000 ordinary shares by Brett Kelly through on-market transfers, resulting in a revised holding of 17,659,987 ordinary shares. This adjustment in shareholding reflects a minor alteration in the director’s investment portfolio, which may have implications for the company’s stock market activities and investor perceptions.

Kelly Partners Announces Director’s Shareholding Adjustment

Kelly Partners Group Holdings Ltd. announced a change in the director’s interest, specifically concerning Brett Kelly. The notice details the disposal of 1,800 ordinary shares by Brett Kelly through on-market transfers, resulting in a minor adjustment to his holdings. This change reflects routine portfolio management and is not expected to significantly impact the company’s operations or market position.

Kelly Partners Announces Director’s Shareholding Change

Kelly Partners Group Holdings Ltd. has announced a change in the director’s interest, specifically involving Brett Kelly. The change includes the disposal of 18,560 ordinary shares through on-market transfers, valued at approximately $191,603.99. This adjustment in shareholding reflects a strategic decision by the director, potentially impacting the company’s governance and shareholder dynamics.

Director’s Shareholding Adjustment at Kelly Partners Group

Kelly Partners Group Holdings Ltd. announced a change in the director’s interest, with Brett Kelly disposing of 50,000 ordinary shares valued at $555,964.09 through on-market transfers. This transaction reflects a minor adjustment in the director’s shareholding, which may influence investor perceptions but is unlikely to significantly impact the company’s overall market positioning or operations.

Kelly Partners Group Holdings Announces Change in Substantial Holder’s Interests

Kelly Partners Group Holdings Ltd. has announced a change in the interests of a substantial holder, Kelly Investments 1 Pty Ltd, in its voting securities. This change reflects a shift in the voting power from 46.35% to 46.24%, indicating a slight decrease in the substantial holder’s influence within the company. The announcement may impact the company’s operational dynamics and stakeholder relationships, as it highlights a change in the control of voting power.

Kelly Partners Announces Director’s Share Disposal

Kelly Partners Group Holdings Ltd. has announced a change in the director’s interest notice, specifically concerning Brett Kelly. The notice details the disposal of 50,000 ordinary shares by Brett Kelly through on-market transfers, valued at $591,817.01. This change reflects a slight adjustment in the director’s holdings, potentially impacting stakeholder perceptions and the company’s market positioning.

Kelly Partners Updates Director’s Interest Notice for Transparency

Kelly Partners Group Holdings Limited announced an amendment to the Change of Director’s Interest Notice for Brett Kelly, originally released on May 2, 2025. The amendment provides additional details and reconciliation of security movements, although the number of securities held remains unchanged. This update reflects the company’s commitment to transparency and compliance with regulatory requirements, ensuring stakeholders are informed about changes in director interests.