Added to YB: 2024-12-02
Pitch date: 2024-11-27
KPG.AX [bullish]
Kelly Partners Group Holdings Limited
-15.51%
current return
Author Info
Company Info
Kelly Partners Group Holdings Limited provides chartered accounting and other professional services to private businesses and high net worth individuals in Australia and internationally.
Market Cap
AUD 470.0M
Pitch Price
AUD 9.22
Price Target
27.72 (+256%)
Dividend
N/A
EV/EBITDA
14.87
P/E
136.62
EV/Sales
4.48
Sector
Professional Services
Category
growth
[PODCAST] Kelly Partners Group: The Next Constellation Software? (Ticker: KPG)
KPG.AX: Acquirer of small accounting firms with 51% ownership & 9% revenue fee. 37 operating businesses, mostly in Australia. 4-5x earnings for acquisitions, paid over 2 years. Partner-Owner-Driver model improves margins from 19% to 33%. $5M USD owner earnings (11% margin). Expanding to US/UK. 17x P/E, potential 3x in 6 years. Risks: margin expansion, acquisition pace.
Read full article (10 min)