Keystone Law Group Plc (GB:KEYS)
LSE:KEYS
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Keystone Law Group Plc
(LSE:KEYS)
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Rating:78Outperform
Price Target:
656.00 p
▲(4.46% Upside)
Action:Reiterated
Date:04/30/26
The score is driven primarily by strong financial performance (steady growth, solid margins, low leverage) and attractive valuation (low P/E and high dividend yield). Technicals are the main offset, with longer-term moving averages and negative MACD suggesting the broader trend is still not fully supportive.
Positive Factors
Scalable lawyer-partner platform
Keystone's 'lawyers' firm' model—partners and consultants supported by a central compliance, tech and admin platform—creates a variable-cost, scalable structure. This reduces fixed overhead, enables faster geographic and practice-area expansion, and supports durable margin resilience as revenue scales.
Negative Factors
Volatile cash generation
Material year-to-year swings in operating cash flow and free cash flow reduce predictability for reinvestment, dividends and working-capital needs. Persistent volatility complicates capital allocation and increases refinancing or liquidity risk during weaker revenue periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Scalable lawyer-partner platform
Keystone's 'lawyers' firm' model—partners and consultants supported by a central compliance, tech and admin platform—creates a variable-cost, scalable structure. This reduces fixed overhead, enables faster geographic and practice-area expansion, and supports durable margin resilience as revenue scales.
Read all positive factors
Keystone Law Group Plc (KEYS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£179.84M
Dividend Yield5.98%
Average Volume (3M)102.57K
Price to Earnings (P/E)8.6
Beta (1Y)0.33
Revenue Growth17.88%
EPS Growth28.90%
CountryUK
Employees69
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.34
Shares Outstanding31,717,258
10 Day Avg. Volume45,928
30 Day Avg. Volume102,572
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)9.73
Price to Sales (P/S)1.75
P/FCF Ratio16.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.34
Revenue Forecast (FY)£123.25M
Keystone Law Group Plc Business Overview & Revenue Model
Company Description
Keystone Law Group plc, together with its subsidiaries, provides conventional legal services in the United Kingdom. The company offers its legal services in the areas of banking and finance, capital market, commercial, commercial property, constru...
How the Company Makes Money
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Keystone Law Group Plc Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
78
Positive
| Breakdown | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 115.17M | 97.70M | 87.93M | 75.26M | 69.62M |
| Gross Profit | 28.66M | 25.47M | 22.83M | 19.57M | 18.40M |
| EBITDA | 10.72M | 13.36M | 11.89M | 9.20M | 9.34M |
| Net Income | 11.06M | 8.55M | 7.65M | 6.73M | 6.65M |
Balance Sheet | |||||
| Total Assets | 49.83M | 45.70M | 41.30M | 37.88M | 37.40M |
| Cash, Cash Equivalents and Short-Term Investments | 9.74M | 9.69M | 8.37M | 9.15M | 10.48M |
| Total Debt | 1.67M | 2.16M | 2.37M | 648.03K | 1.11M |
| Total Liabilities | 29.13M | 25.33M | 24.36M | 20.02M | 18.52M |
| Stockholders Equity | 20.70M | 20.36M | 16.94M | 17.86M | 18.88M |
Cash Flow | |||||
| Free Cash Flow | 12.12M | 5.47M | 7.46M | 7.17M | 8.27M |
| Operating Cash Flow | 12.21M | 6.24M | 7.53M | 7.23M | 8.31M |
| Investing Cash Flow | -85.07K | 1.19M | 1.46M | 157.73K | -32.35K |
| Financing Cash Flow | -12.07M | -6.12M | -9.78M | -8.72M | -5.17M |
Keystone Law Group Plc Technical Analysis
Positive
628.00
Price Trends
503.26
Positive
554.81
Positive
591.82
Negative
Market Momentum
20.34
Negative
68.46
Neutral
52.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KEYS, the sentiment is Positive. The current price of 628 is above the 20-day moving average (MA) of 536.65, above the 50-day MA of 503.26, and above the 200-day MA of 591.82, indicating a neutral trend. The MACD of 20.34 indicates Negative momentum. The RSI at 68.46 is Neutral, neither overbought nor oversold. The STOCH value of 52.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KEYS.
Keystone Law Group Plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £179.84M | 8.62 | 59.02% | 5.98% | 17.88% | 28.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £340.91M | -0.96 | -12.22% | 15.28% | -3.91% | -310.36% | |
60 Neutral | £167.34M | -138.94 | 1.15% | 2.75% | 20.73% | -89.53% | |
54 Neutral | £351.73M | -45.29 | 0.58% | 2.31% | 10.68% | -89.58% | |
45 Neutral | £447.97M | -0.78 | -142.88% | ― | -7.30% | -311.68% |
* Industrials Sector Average
GB:KEYS
Keystone Law Group Plc
567.00
-8.15
-1.42%
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374.00
151.40
68.01%
GB:RST
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263.00
11.35
4.51%
GB:RWS
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91.85
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18.50%
GB:KGH
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195.00
32.38
19.91%
Keystone Law Group Plc Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Keystone Law Posts 2026 Annual Report and Sets June AGM Date
Positive
May 13, 2026
Keystone Law Group Plc, the AIM-quoted, tech-enabled platform law firm, has posted its Annual Report and Accounts for the year ended 31 January 2026, along with the Notice of Annual General Meeting, on its investor website and dispatched them to s...
Other
Keystone Law Directors Increase Holdings in Routine Share Deals
Positive
Apr 29, 2026
Keystone Law Group has reported a series of director and senior manager share dealings, with its chairman Robin Williams and independent non-executive directors Salar Farzad and Isabel Napper all purchasing small amounts of ordinary shares on 29 A...
Business Operations and StrategyDividendsFinancial Disclosures
Keystone Law lifts profit and dividend as tech-enabled model powers growth
Positive
Apr 29, 2026
Keystone Law Group reported strong full-year results to 31 January 2026, with revenue up 17.9% to £115.2m and adjusted profit before tax rising 20.6% to £15.3m, slightly ahead of market expectations. Earnings quality was underlined by al...
Business Operations and StrategyFinancial Disclosures
Keystone Law to Beat Market Forecasts on Strong Lawyer Growth and Client Demand
Positive
Feb 18, 2026
Keystone Law Group said it expects to report full-year 2026 revenue and adjusted profit before tax marginally ahead of current market expectations, driven by buoyant trading conditions and strong client demand. Revenue per Principal rose by just u...
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.