Added to YB: 2024-04-26
Pitch date: 2024-04-25
KPG.AX [bullish]
Kelly Partners Group Holdings Limited
+9.41%
current return
Author Info
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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 7.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.87
P/E
136.62
EV/Sales
4.48
Sector
Professional Services
Category
growth
Kelly Partners: The Australian dream at an attractive valuation?
KPG.AX: Australian accounting firm expanding in US & UK. Tailwinds from increasing tax complexity. Proven M&A model: 48 acquisitions since IPO, sales +19% CAGR. Founder Brett Kelly owns 50%. Risks: partner diligence, rising debt (1.65x EBITDA), CEO pay doubled. Trades at 12x EBITDA, below comps. Targets 5% organic growth, 30% EBITDA margins.
Read full article (12 min)