Professional
Added to YB: 2023-11-16
Pitch date: 2023-11-16
KPG.AX [bullish]
Kelly Partners Group Holdings Limited
+78.28%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
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 352.7M
Pitch Price
AUD 4.59
Price Target
9.00 (+16%)
Dividend
N/A
EV/EBITDA
11.98
P/E
102.53
EV/Sales
3.61
Sector
Professional Services
Category
growth
Hurdle Rate Unit Trust: Kelly Partners (ASX:KPG)
KPG.AX: Accounting firm roll-up in Australia founded by CEO Brett Kelly. Owns 51% of 32 firms, $86.5M LTM rev, 19K clients. Unique partnership structure for M&A isolates risk. 30% EBIT margins, 55 day lockup target. Risks: Key-man, int'l expansion complexity. Strong M&A economics, can 2x every ~3yrs.
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