Professional
Added to YB: 2021-03-04
Pitch date: 2021-03-04
KPG.AX [bullish]
Kelly Partners Group Holdings Limited
+289.54%
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 470.0M
Pitch Price
AUD 2.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.87
P/E
136.62
EV/Sales
4.48
Sector
Professional Services
Category
N/A
Kelly+Partners (ASX: KPG)
K+P: AU accounting firm holding co. 51%+ stakes in subsidiaries. "Flight Plan" model, 2% client churn. 54-day lockup (vs 77 industry avg). POD model for acquisitions. 25%+ ROIC. 5% organic growth. 1-1.5x Net debt/EBITDA target. 12.5% of sales to NPATA. 50% dividend payout. 20% ROC. 7x PE. Risks: reinvestment, debt structure complexity.
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