Added to YB: 2024-06-10
Pitch date: 2024-06-05
KPG.AX [bullish]
Kelly Partners Group Holdings Limited
Author Info
Compound & Fire shares at least one company deep dive every month. 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 470.0M
Pitch Price
AUD 7.79
Price Target
17.10 (+120%)
Dividend
N/A
EV/EBITDA
14.87
P/E
136.62
EV/Sales
4.48
Sector
Professional Services
Category
growth
Kelly Partners Group: The Ultimate Quality Compounding Machine
KPG.AX: Accounting firm roll-up w/ unique partner model. 31% rev CAGR since '07, doubling biz every 3 yrs. Expanding in US & UK. 25% 5yr avg ROIC + organic growth. CEO Brett Kelly key; 48% owner w/ 25yr growth plan. 20% rev growth scenario: 17.1 AUD intrinsic value (130% upside). Risks: Kelly, int rates, M&A quality. Early days vs $CSU
Read full article (12 min)