Keller Group PLC (GB:KLR)
LSE:KLR
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Keller Group plc
(LSE:KLR)
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Rating:80Outperform
Price Target:
2,210.00 p
â–²(0.18% Upside)
Action:ReiteratedDate:03/05/26
The score is driven primarily by strengthening financial performance and a very attractive valuation (low P/E), reinforced by a positive earnings call emphasizing strong free cash flow, net cash status, and enhanced shareholder returns. Technicals are supportive due to the clear uptrend, but elevated RSI/Stochastics add near-term pullback risk.
Positive Factors
Free Cash Flow Strength
Consistent, strong free cash flow and a return to net cash provide durable internal funding for capex, dividends and buybacks. This reduces dependence on external finance, enhances resilience through cycles, and funds selective bolt-on M&A without stressing liquidity.
Negative Factors
Margin Volatility
Sustained margin volatility signals inconsistent pricing power and execution in fixed-price contracting. In a cyclical industry this reduces earnings visibility, heightens downside in downturns and complicates long-term planning for margins and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Consistent, strong free cash flow and a return to net cash provide durable internal funding for capex, dividends and buybacks. This reduces dependence on external finance, enhances resilience through cycles, and funds selective bolt-on M&A without stressing liquidity.
Read all positive factors
Keller Group plc (KLR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.51B
Dividend Yield3.08%
Average Volume (3M)123.31K
Price to Earnings (P/E)3.8
Beta (1Y)0.99
Revenue Growth-1.17%
EPS Growth12.31%
CountryUK
Employees10,000
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.13
Shares Outstanding70,370,575
10 Day Avg. Volume100,323
30 Day Avg. Volume123,305
Financial Highlights & Ratios
PEG Ratio3.24
Price to Book (P/B)1.83
Price to Sales (P/S)0.38
P/FCF Ratio6.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£2,273.33Price Target Upside3.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.25
Revenue Forecast (FY)£3.15B
Keller Group plc Business Overview & Revenue Model
Company Description
Keller Group plc provides geotechnical solutions in North America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and ...
How the Company Makes Money
Keller makes money primarily by contracting and executing geotechnical and ground engineering projects for customers in construction and infrastructure. Revenue is mainly generated from: (1) Project contracting income for delivering foundation sys...
Keller Group plc Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call presented a strongly positive set of operational and financial outcomes: record revenue and profit growth on a constant currency basis, sustained margins (7.1%), robust free cash flow (GBP 175.9m), and a return to net cash (GBP 59.7m). Management reinforced capital discipline while increasing shareholder returns (dividend +41.6% and a new GBP 100m buyback) and set out a measured approach to bolt-on M&A and organic growth. Key challenges include a YOY profit reduction in North America driven by Suncoast/residential weakness, a translational FX headwind (GBP 7.8m), and ongoing non-underlying programme costs (GBP 10.9m). Overall, the positives (record results, cash generation, stronger balance sheet, upgraded shareholder returns and diversified geographic resilience) materially outweigh the headwinds.Positive Updates
Record Financial Performance
Group delivered record 2025 results with revenue growth of 5.9% on a constant currency basis and underlying operating profit up 6.5% (constant currency). Underlying EPS increased 5.7% to 211.3p and underlying margin was held at 7.1%.
Negative Updates
North America Profit Reduction (Suncoast Exposure)
North America operating profit fell by GBP 17.7m year-on-year, driven by Suncoast's exposure to the weakened U.S. residential market and a loss of the exceptional pricing booster seen in H1 2024. Management expects pricing has normalized and volume remains the key driver going forward.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Financial Performance
Group delivered record 2025 results with revenue growth of 5.9% on a constant currency basis and underlying operating profit up 6.5% (constant currency). Underlying EPS increased 5.7% to 211.3p and underlying margin was held at 7.1%.
Read all positive updates
Company Guidance
Management guided that strong cash generation and disciplined capital allocation will continue to underpin growth: FY25 free cash flow was GBP 175.9m, the group moved to net cash of GBP 59.7m (IAS 17) for the first time in 25 years, gross CapEx was GBP 90.4m (around depreciation), and facility headroom is ~GBP 730m, enabling a further GBP 100m buyback in 2026 on top of two GBP 25m tranches (GBP 38.9m paid to 31 Dec); the Board keeps a leverage target of 0.5–1.5x, has adopted an enhanced dividend policy targeting cover of 2.5–3.5x (2025 cover 3x; total dividend 70.4p, final 52.1p, +41.6%), and expects margins to be sustainable (FY25 underlying margin 7.1%, underlying operating profit up ~6.5% CC, revenue +5.9% CC; North America revenue +5% vs market −2% with NA margins ~9%, EME targeting through‑cycle 5–6%, APAC expected to perform solidly); management reiterated selective bolt‑on M&A appetite, continued portfolio discipline, and will set out detailed growth plans at a Capital Markets Day in H2.Keller Group plc Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.09B | 2.99B | 2.97B | 2.94B | 2.22B |
| Gross Profit | 1.29B | 412.00M | 1.16B | 1.89B | 242.20M |
| EBITDA | 328.70M | 289.30M | 272.20M | 182.90M | 178.60M |
| Net Income | 142.70M | 142.30M | 89.40M | 46.00M | 56.50M |
Balance Sheet | |||||
| Total Assets | 1.83B | 1.79B | 1.68B | 1.70B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 281.50M | 202.70M | 151.40M | 101.10M | 82.70M |
| Total Debt | 310.40M | 334.60M | 388.70M | 400.00M | 276.00M |
| Total Liabilities | 1.18B | 1.19B | 1.16B | 1.21B | 1.01B |
| Stockholders Equity | 641.40M | 593.70M | 515.30M | 494.50M | 439.90M |
Cash Flow | |||||
| Free Cash Flow | 171.60M | 176.90M | 102.50M | -26.90M | 71.30M |
| Operating Cash Flow | 261.90M | 265.90M | 197.00M | 54.80M | 155.70M |
| Investing Cash Flow | -75.20M | -57.70M | -72.50M | -89.00M | -97.00M |
| Financing Cash Flow | -110.60M | -145.20M | -67.70M | 41.00M | -37.60M |
Keller Group plc Technical Analysis
Positive
2206.00
Price Trends
2038.44
Positive
1857.34
Positive
1641.95
Positive
Market Momentum
45.63
Negative
65.39
Neutral
80.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KLR, the sentiment is Positive. The current price of 2206 is above the 20-day moving average (MA) of 2045.55, above the 50-day MA of 2038.44, and above the 200-day MA of 1641.95, indicating a bullish trend. The MACD of 45.63 indicates Negative momentum. The RSI at 65.39 is Neutral, neither overbought nor oversold. The STOCH value of 80.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KLR.
Keller Group plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.51B | 3.78 | 23.46% | 3.08% | -1.17% | 12.31% | |
78 Outperform | £500.74M | 11.49 | 14.87% | 1.88% | -12.98% | 5.51% | |
74 Outperform | £4.01B | 13.49 | 23.73% | 1.80% | 9.97% | -15.46% | |
73 Outperform | £2.28B | 12.50 | 24.53% | 2.49% | 6.93% | 21.50% | |
72 Outperform | £527.40M | 7.10 | 30.23% | 3.65% | 5.78% | -6.80% | |
71 Outperform | £911.68M | 9.81 | 11.69% | 3.19% | 4.40% | 31.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
GB:KLR
Keller Group plc
2,210.00
871.02
65.05%
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Keller Group plc Corporate Events
Regulatory Filings and Compliance
Keller Group Updates Share Capital and Voting Rights for Regulatory Disclosures
Neutral
Apr 1, 2026
Keller Group plc has confirmed that as of 31 March 2026 its issued share capital stands at 73,099,735 ordinary shares, of which 2,501,371 are held in treasury, leaving 70,598,364 voting rights in circulation. This updated voting rights figure serv...
Business Operations and StrategyStock Buyback
Keller completes £25m share buyback tranche and prepares further £100m programme
Positive
Mar 20, 2026
Keller Group plc has completed the second £25m tranche of its multi-year share buyback programme, acquiring 1,482,832 ordinary shares at an average price of 1,659.95p, which are being held in treasury and may be used to satisfy future employe...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Keller Group Advances Share Buyback With Latest Treasury Share Purchase
Positive
Mar 20, 2026
Keller Group plc has repurchased 24,386 ordinary shares as part of its ongoing share buyback programme, paying a volume‑weighted average price of 2,029.20 pence per share. The shares, bought on the London Stock Exchange through Peel Hunt, we...
Business Operations and StrategyExecutive/Board Changes
Keller Grants New Long-Term Incentive Share Awards to Senior Management
Positive
Mar 19, 2026
Keller Group plc has granted new awards under its Long Term Incentive Plan to executive directors and other senior managers, comprising 10,386 deferred bonus shares and 126,047 performance share awards. The grants, made at a reference price of 2,1...
Business Operations and StrategyStock Buyback
Keller Group Repurchases Shares Under Ongoing Buyback Programme
Positive
Mar 19, 2026
Keller Group plc has continued its ongoing share buyback programme, repurchasing 32,427 ordinary shares on 18 March 2026 through Peel Hunt at a volume-weighted average price of 2,126.12 pence. The transaction forms part of the capital management s...
Business Operations and StrategyStock Buyback
Keller Group Continues Share Buyback, Adds 15,000 Shares to Treasury
Positive
Mar 18, 2026
Keller Group plc has continued executing its previously announced share buyback programme, repurchasing 15,000 ordinary shares on 17 March 2026 at a volume‑weighted average price of 2,093.33 pence. The company intends to hold these shares in...
Business Operations and StrategyStock Buyback
Keller Group Expands Treasury Stock with Latest Share Buyback
Positive
Mar 17, 2026
Keller Group plc has continued its previously announced share buyback programme by repurchasing 20,286 ordinary shares on 16 March 2026 through Peel Hunt LLP at prices between 2,100p and 2,125p, with a volume‑weighted average price of 2,110p...
Business Operations and StrategyStock Buyback
Keller adds to treasury stock with latest share buyback
Positive
Mar 16, 2026
Keller Group plc has continued its share buyback programme, repurchasing 20,000 ordinary shares on 13 March 2026 via Peel Hunt LLP at prices between 2,125p and 2,175p, with a volume‑weighted average of 2,137.37p. The shares will be held in t...
Business Operations and StrategyStock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Mar 13, 2026
Keller Group plc has continued its previously announced share buyback programme, repurchasing 37,808 ordinary shares on 12 March 2026 through Peel Hunt at a volume-weighted average price of 2,149.84 pence. The company plans to hold these shares in...
Business Operations and StrategyStock Buyback
Keller Group Buys Back More Shares for Treasury in Ongoing Programme
Positive
Mar 12, 2026
Keller Group plc has repurchased 37,388 ordinary shares on 11 March 2026 under its ongoing share buyback programme, at prices ranging from 2,115p to 2,150p and a volume-weighted average of 2,132.50p. The shares will be held in treasury, taking tre...
Business Operations and StrategyStock Buyback
Keller Group Adds to Treasury Stock in Ongoing Share Buyback
Positive
Mar 11, 2026
Keller Group plc has continued its share buyback programme, repurchasing 4,103 ordinary shares on 10 March 2026 via Peel Hunt at prices between 2,075p and 2,125p, with a volume-weighted average price of 2,095.66p. The company intends to hold these...
Business Operations and StrategyStock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback
Positive
Mar 10, 2026
Keller Group plc has continued to execute its previously announced share buyback programme, repurchasing 17,025 ordinary shares on 9 March 2026 via Peel Hunt at a volume-weighted average price of 2,057.25 pence. The company plans to hold these sha...
Business Operations and StrategyStock Buyback
Keller adds to treasury stock with latest share buyback
Positive
Mar 10, 2026
Keller Group plc has continued its share buyback programme, repurchasing 17,025 ordinary shares on 9 March 2026 through Peel Hunt at prices between 2,050p and 2,075p, with a volume‑weighted average price of 2,057.25p. The company plans to ho...
Regulatory Filings and Compliance
Keller Group discloses share sale by APAC president Deepak Raj
Neutral
Mar 9, 2026
Keller Group plc reported that Deepak Raj, its President for the Asia-Pacific region and a person discharging managerial responsibilities, sold 30,000 ordinary shares in the company at £22.03 per share. The transaction, executed on 5 March 20...
Stock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback
Positive
Mar 9, 2026
Keller Group plc has continued its ongoing share buyback programme, repurchasing 36,544 ordinary shares on 6 March 2026 via Peel Hunt LLP at prices between 2,130p and 2,200p, with a volume‑weighted average of 2,164.43p. The repurchased share...
Business Operations and StrategyStock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Mar 6, 2026
Keller Group plc has continued its previously announced share buyback programme, repurchasing 35,255 ordinary shares on 5 March 2026 through Peel Hunt at a volume-weighted average price of 2,192.52 pence. The company will hold these shares in trea...
Regulatory Filings and Compliance
Keller Group Discloses Share Sale by North America President
Neutral
Mar 4, 2026
Keller Group plc has disclosed that Paul Leonard, its President for North America and a person discharging managerial responsibilities, has sold 6,812 ordinary shares in the company. The transaction, classified as inside information, was executed ...
Business Operations and StrategyExecutive/Board Changes
Keller director Baroness Kate Rock takes senior role at Chemring
Positive
Mar 4, 2026
Keller Group plc, the world’s largest geotechnical specialist contractor, delivers advanced foundation and ground improvement solutions across the global construction industry. The company employs roughly 10,000 people, executes about 5,500 ...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Keller Group Posts Record 2025 Results and Boosts Shareholder Returns
Positive
Mar 3, 2026
Keller Group reported record 2025 results, with revenue rising 3.4% to £3.09bn and underlying operating profit up 2.6% to £218.2m, maintaining a 7.1% margin despite currency headwinds and mixed market conditions. The group delivered its ...
Regulatory Filings and Compliance
Keller Group Updates Share Capital and Voting Rights
Neutral
Mar 2, 2026
Keller Group plc has reported that as of 27 February 2026 its total issued share capital stands at 73,099,735 ordinary shares, of which 3,001,206 are held in treasury, leaving 70,098,529 voting rights in issue. This updated voting rights figure se...
Stock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 22, 2026
Keller Group plc has continued its ongoing share buyback programme, purchasing 23,922 ordinary shares on 21 January 2026 at a volume‑weighted average price of 1,699.76 pence per share through Peel Hunt LLP. The shares will be held in treasur...
Business Operations and StrategyStock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 21, 2026
Keller Group plc has continued its previously announced share buyback programme with the purchase of 24,361 ordinary shares on 20 January 2026 at a volume‑weighted average price of 1,689.41 pence per share. The repurchased shares will be hel...
Stock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 16, 2026
Keller Group plc has continued its ongoing share buyback programme, repurchasing 19,782 ordinary shares on 15 January 2026 through Peel Hunt LLP at prices between 1,688p and 1,700p, with a volume-weighted average price of 1,698.53p. The shares wil...
Stock Buyback
Keller Group Continues Share Buyback, Increases Treasury Share Holding
Positive
Jan 15, 2026
Keller Group plc has continued to execute its share buyback programme, repurchasing 26,176 ordinary shares on 14 January 2026 at a price of 1,665 pence per share via broker Peel Hunt. The acquired shares will be held in treasury, bringing Keller&#...
Stock Buyback
Keller Group Buys Back Further Shares for Treasury Under Ongoing Programme
Positive
Jan 14, 2026
Keller Group plc has continued to execute its share buyback programme, repurchasing 25,818 ordinary shares on 13 January 2026 via Peel Hunt LLP at a volume-weighted average price of 1,673.23 pence per share. The company will hold these shares in t...
Business Operations and StrategyStock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 14, 2026
Keller Group plc has continued its ongoing share buyback programme, repurchasing 25,818 ordinary shares on 13 January 2026 at a volume-weighted average price of 1,673.23 pence per share through Peel Hunt LLP. The company will hold these shares in ...
Regulatory Filings and Compliance
Keller Group Discloses PDMR Share Transaction Under Long-Term Incentive Plan
Neutral
Jan 13, 2026
Keller Group plc has disclosed a director/PDMR share transaction involving Paul Leonard, President for North America, under the company’s Long Term Incentive Plan. Of the 30,000 shares granted in August 2025, 10,133 shares, including dividen...
Business Operations and StrategyStock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 13, 2026
Keller Group plc has repurchased 25,599 of its 10 pence ordinary shares on 12 January 2026 through Peel Hunt LLP as part of its ongoing share buyback programme launched in September 2025. The shares, acquired at prices between 1,690p and 1,700p wi...
Business Operations and StrategyStock Buyback
Keller Group Buys Back Further Shares for Treasury Under Ongoing Programme
Positive
Jan 12, 2026
Keller Group plc has continued to execute its previously announced share buyback programme, repurchasing 26,664 ordinary shares on 9 January 2026 at a price of 1,700 pence per share through Peel Hunt LLP. The shares will be held in treasury, bring...
Stock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 8, 2026
Keller Group plc has continued its previously announced share buyback programme, repurchasing 28,892 ordinary shares on 7 January 2026 through Peel Hunt at a volume‑weighted average price of 1,693.06 pence. The company will hold these shares...
Business Operations and StrategyStock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 7, 2026
Keller Group plc has continued its share buyback programme, repurchasing 9,738 ordinary shares on 6 January 2026 through Peel Hunt at a volume‑weighted average price of 1,673.8p, with prices ranging between 1,660p and 1,686p. The shares will...
Business Operations and StrategyStock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 6, 2026
Keller Group plc has continued its ongoing share buyback programme, repurchasing 29,305 ordinary shares on 5 January 2026 via Peel Hunt LLP at prices between 1,640p and 1,666p, with a volume-weighted average price of 1,643.16p. The shares will be ...
Business Operations and StrategyStock Buyback
Keller Adds to Treasury Stock with Latest Share Buyback Tranche
Positive
Jan 5, 2026
Keller Group plc has repurchased 29,305 of its 10 pence ordinary shares on 2 January 2026 through Peel Hunt LLP as part of its ongoing share buyback programme launched in September 2025. The shares, bought on the London Stock Exchange at prices be...
Regulatory Filings and Compliance
Keller Group Updates Total Voting Rights and Share Capital
Neutral
Jan 2, 2026
Keller Group plc has reported that as of 31 December 2025 its total issued share capital stands at 73,099,735 ordinary shares of 10p each, of which 2,686,898 are held in treasury, resulting in 70,412,837 voting rights attached to its ordinary shar...
Business Operations and StrategyStock Buyback
Keller Group Adds to Treasury Stock with Latest Share Buyback
Positive
Jan 2, 2026
Keller Group plc has repurchased 5,000 of its 10 pence ordinary shares on 31 December 2025 at a price of 1,666 pence per share under its ongoing share buyback programme. The shares, bought via Peel Hunt LLP on the London Stock Exchange, will be he...
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.