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Kelsian Group Limited
(Sydney:KLS)
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Rating:61Neutral
Price Target:
AU$4.00
â–¼(-7.19% Downside)
Action:Downgraded
Date:08/27/26
The score is primarily driven by middling financial quality (thin margins, higher leverage, and uneven free cash flow) despite strong revenue growth. Technicals are moderately positive with an upward trend, but momentum is getting stretched. Valuation is fair with a supportive dividend yield, but not compellingly cheap.
Positive Factors
Revenue growth
The substantial multi-year increase in revenue indicates expanding operating scale and sustained demand for Kelsian’s transport services. A larger revenue base can support investment in fleet, depots and service capabilities, strengthening the platform for continued growth over the next several quarters.
Negative Factors
Elevated leverage
Debt exceeding equity reduces financial flexibility relative to a less-levered peer set and increases the importance of maintaining stable operating performance. Higher leverage can constrain future capital allocation, make funding fleet investment more difficult and amplify the effect of weaker earnings periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
The substantial multi-year increase in revenue indicates expanding operating scale and sustained demand for Kelsian’s transport services. A larger revenue base can support investment in fleet, depots and service capabilities, strengthening the platform for continued growth over the next several quarters.
Read all positive factors
Kelsian Group Limited (KLS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.06B
Dividend Yield4.72%
Average Volume (3M)732.87K
Price to Earnings (P/E)16.2
Beta (1Y)1.11
Revenue Growth8.77%
EPS Growth16.48%
CountryAU
Employees13,300
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.23
Shares Outstanding271,882,260
10 Day Avg. Volume550,062
30 Day Avg. Volume732,872
Financial Highlights & Ratios
PEG Ratio1.30
Price to Book (P/B)1.27
Price to Sales (P/S)0.51
P/FCF Ratio13.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.31Price Target Upside23.26% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.36
Revenue Forecast (FY)AU$2.41B
Kelsian Group Limited Business Overview & Revenue Model
Company Description
Kelsian Group Limited, based in Adelaide, Australia, is a prominent provider of land and sea transport as well as tourism services, with operations spanning Australia, Singapore, and the United Kingdom. Established in 1989 under its former name, S...
How the Company Makes Money
Kelsian makes money primarily by operating passenger transport services and being paid for delivering those services under a mix of government/transport authority contracts and customer-paid fares.
1) Public transport bus operations (contracted s...
Kelsian Group Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
54
Neutral
Cash Flow
51
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.40B | 2.22B | 2.02B | 1.42B | 1.30B |
| Gross Profit | 432.79M | 688.69M | 351.91M | 257.90M | 233.30M |
| EBITDA | 301.64M | 281.87M | 268.72M | 133.11M | 157.99M |
| Net Income | 63.52M | 54.49M | 58.01M | 21.00M | 52.91M |
Balance Sheet | |||||
| Total Assets | 2.51B | 2.50B | 2.40B | 2.18B | 1.42B |
| Cash, Cash Equivalents and Short-Term Investments | 176.33M | 182.78M | 134.47M | 157.94M | 141.09M |
| Total Debt | 1.06B | 1.07B | 1.02B | 806.38M | 459.12M |
| Total Liabilities | 1.55B | 1.54B | 1.47B | 1.25B | 783.57M |
| Stockholders Equity | 952.61M | 957.91M | 927.37M | 923.60M | 640.01M |
Cash Flow | |||||
| Free Cash Flow | 89.90M | 40.67M | -3.13M | 28.05M | 70.75M |
| Operating Cash Flow | 220.06M | 205.17M | 146.70M | 128.98M | 115.04M |
| Investing Cash Flow | -136.65M | -140.47M | -262.98M | -650.24M | -86.08M |
| Financing Cash Flow | -88.05M | -19.54M | 92.75M | 535.68M | 8.42M |
Kelsian Group Limited Technical Analysis
Negative
4.31
Price Trends
4.16
Negative
4.19
Negative
4.05
Negative
Market Momentum
-0.06
Negative
46.05
Neutral
27.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KLS, the sentiment is Negative. The current price of 4.31 is above the 20-day moving average (MA) of 3.93, above the 50-day MA of 4.16, and above the 200-day MA of 4.05, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 46.05 is Neutral, neither overbought nor oversold. The STOCH value of 27.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:KLS.
Kelsian Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$4.86B | 17.65 | 48.18% | 4.11% | -1.03% | 8.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | AU$1.06B | 16.17 | 6.66% | 4.72% | 8.77% | 16.48% | |
59 Neutral | AU$4.50B | 20.64 | 11.01% | 4.27% | -7.37% | 59.81% | |
59 Neutral | AU$12.40B | 9.49 | 90.68% | 4.85% | 7.60% | -18.83% | |
58 Neutral | AU$1.97B | 3.18 | -174.87% | 3.04% | 9.37% | 1.82% |
* Industrials Sector Average
AU:KLS
Kelsian Group Limited
3.81
-0.93
-19.60%
AU:DOW
Downer EDI Limited
6.84
-0.40
-5.55%
AU:QAN
Qantas Airways Limited
8.17
-2.32
-22.11%
AU:VNT
Ventia Services Group Limited
5.91
0.61
11.55%
AU:VGN
Virgin Australia Holdings Limited
2.50
-0.90
-26.51%
Kelsian Group Limited Corporate Events
Kelsian Director Terry Sinclair Acquires 26,000 Shares in On-Market Trade
Oct 9, 2026
Kelsian Group Limited has reported a change in the interests of director Terry Sinclair, who has acquired 26,000 ordinary shares in the company through an on-market purchase. The shares are held indirectly via AuxCo Pty Ltd as trustee for the Sinc...
Kelsian Updates DRP Pricing for Half-Year Dividend
Oct 2, 2026
Kelsian Group Limited has updated its previously announced dividend details for ordinary fully paid shares, specifically revising the Dividend Reinvestment Plan (DRP) price. The distribution relates to the six-month period ended 30 June 2026, with...
Kelsian Seeks ASX Quotation for Additional Ordinary Shares
Oct 1, 2026
Kelsian Group Limited has lodged an application with the ASX for the quotation of additional ordinary fully paid shares under its existing KLS issuer code. The move reflects routine capital management activity as the company updates its listed sec...
Kelsian exits tourism portfolio to sharpen focus on contracted transport and cut leverage
Sep 30, 2026
Kelsian Group Limited has completed the sale of its Tourism Portfolio to Journey Beyond, receiving gross cash proceeds of $149.9 million and significantly reshaping its business mix. The divestment marks Kelsian’s transition to a more focuse...
Kelsian Director Terry Dodd Cuts Indirect Stake by 500,000 Shares
Sep 28, 2026
Kelsian Group Limited has disclosed changes in the indirect shareholdings of director Terry Dodd, who holds his interest through several private entities and a superannuation fund. The update forms part of the company’s regulatory obligation...
Kelsian Group Highlights ESG Focus in 2025–2026 Report
Sep 24, 2026
Kelsian Group has released its 2025–2026 ESG Report, underscoring its commitment to environmental, social and governance practices across its transport and tourism operations. The report is framed by acknowledgements of Traditional Owners an...
Kelsian Reaffirms Alignment With ASX Corporate Governance Standards
Sep 24, 2026
Kelsian Group Limited has restated its commitment to robust corporate governance, confirming that its practices for the year to 30 June 2026 are consistent with Australian market standards and the ASX Corporate Governance Council’s Principle...
Kelsian Maps Corporate Governance Disclosures in ASX Appendix 4G Filing
Sep 24, 2026
Kelsian Group Limited has lodged its Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming the location and currency of its corporate governance statement approved as at 25 September 2025. The company has chosen to host it...
Kelsian Group Sets Details for 2026 Annual General Meeting
Sep 24, 2026
Kelsian Group Limited has invited shareholders to its 2026 Annual General Meeting, scheduled for 10:00am Adelaide time on Tuesday 27 October 2026 at the U-City Function Centre in Adelaide. The Notice of Meeting and the 2026 Annual Report are avail...
Kelsian Group Sets October 2026 AGM with Detailed Voting and Access Arrangements
Sep 24, 2026
Kelsian Group Limited has issued a formal notice convening its Annual General Meeting for Tuesday 27 October 2026 at the U-City Function Centre in Adelaide, with all resolutions to be decided by poll. The company has outlined key dates for voting ...
Kelsian Seeks ASX Quotation for Small Tranche of New Shares
Sep 22, 2026
Kelsian Group Limited has applied for quotation of 1,728 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 22 September 2026. The small share issuance arises from the exercise or conversion of existing opt...
Kelsian Issues New Shares Following Conversion of Unquoted Securities
Sep 22, 2026
Kelsian Group Limited has notified the market of the issuance of 7,853 ordinary fully paid shares on 22 September 2026, following the exercise or conversion of previously unquoted options or other unquoted convertible securities. The move slightly...
Kelsian Wins FIRB Nod for Sale of Tourism Portfolio to Journey Beyond
Sep 17, 2026
Kelsian has received clearance from Australia’s Foreign Investment Review Board for the sale of its Tourism Portfolio to experiential travel group Journey Beyond, removing a key regulatory hurdle for the transaction. The deal still depends o...
Kelsian Group Expands Share Base Through Conversion of Unquoted Securities
Sep 11, 2026
Kelsian Group Limited, trading on the ASX under ticker KLS, is an Australian listed company whose primary equity consists of ordinary fully paid shares. Its capital structure also incorporates unquoted options and other convertible securities, cha...
Kelsian Group Seeks ASX Quotation for Newly Issued Ordinary Shares
Sep 11, 2026
Kelsian Group Limited, traded on the ASX under ticker KLS, is a transport and mobility services operator whose ordinary fully paid shares are listed on the Australian Securities Exchange. The company serves the broader passenger transport market a...
Kelsian Group Seeks ASX Quotation for New Ordinary Shares
Sep 9, 2026
Kelsian Group Limited, traded on the ASX as KLS, is a transport and mobility services company whose ordinary fully paid shares form the basis of investor exposure to its operations. The group’s listing reflects its role in regional transport...
Kelsian Director Caroline Elliott Doubles Indirect Shareholding via On-Market Purchase
Sep 8, 2026
Kelsian Group Limited has disclosed a change in director Caroline Elliott’s indirect interest in the company’s ordinary shares, in line with ASX listing rule 3.19A.2. Elliott holds these shares through Evinby Pty Ltd as trustee for The...
Kelsian wins ACCC approval for Tourism Portfolio sale to Journey Beyond
Sep 8, 2026
Kelsian Group has received approval from the Australian Competition and Consumer Commission to sell its Tourism Portfolio to Journey Beyond, after agreeing that SeaLink Rottnest will be excluded from the deal perimeter. The regulator found the div...
Kelsian Issues New Shares Following Conversion of Unquoted Securities
Sep 8, 2026
Kelsian Group Limited has notified the market of the issue and transfer of 59,546 ordinary fully paid shares, following the exercise or conversion of previously unquoted options or other convertible securities. The new shares, dated September 7, 2...
Kelsian Group Cuts Potential Dilution as Performance Rights Lapse
Sep 2, 2026
Kelsian Group Limited, an ASX-listed transport-focused company, incorporates performance rights into its equity and incentive framework for executives and employees. These securities form part of its broader capital management strategy aimed at al...
Kelsian Seeks ASX Quotation for Additional Ordinary Shares
Sep 2, 2026
Kelsian Group Limited has lodged an application with the Australian Securities Exchange for the quotation of additional ordinary fully paid shares. The filing covers the listing of 103,841 new securities, which were issued on September 2, 2026, an...
Kelsian Sets Key Dates for 2026 AGM and Governance Calendar
Aug 28, 2026
Kelsian Group Limited has scheduled its 2026 Annual General Meeting for 27 October 2026 at 10:00am Adelaide time, confirming it will be conducted as an in-person event with further details on venue, resolutions, and participation to be provided cl...
Kelsian Reshapes Tourism Portfolio Sale, Retains SeaLink Rottnest Ferry Business
Aug 25, 2026
Kelsian Group Limited has revised its planned divestment of its Tourism Portfolio to Journey Beyond, confirming that the SeaLink Rottnest commuter ferry business will no longer be included in the sale. The original $161 million transaction is now ...
Kelsian outlines FY26 results framework and FY27 outlook amid planned tourism divestment
Aug 25, 2026
Kelsian Group has released its FY26 results investor presentation, outlining the basis of preparation of its financial information and clarifying that certain non-IFRS measures are used internally to assess performance. The company emphasises that...
Kelsian posts record FY26 earnings and builds pipeline for FY27 growth
Aug 25, 2026
Kelsian reported record full-year FY26 results, with revenue up 8.8% to $2.4 billion, strong margin expansion and a 17.2% rise in underlying NPATA, backed by 91.4% cash conversion and leverage within its target range. The group increased its full-...
Kelsian refreshes company secretary team as governance leadership evolves
Aug 25, 2026
Kelsian Group Limited has announced a change in its joint company secretarial team, with Joanne McDonald resigning as company secretary effective 4 September 2026 after eight years of service. The board publicly thanked McDonald for her significan...
Kelsian Group Cuts 14,925 Lapsed Performance Rights From Capital Structure
Aug 19, 2026
Kelsian Group Limited, traded on the ASX under ticker KLS, operates in the transport and mobility services sector and uses performance rights within its capital structure to incentivise management and staff. These securities form part of broader l...
Kelsian Reports Lapse of 65,174 Performance Rights
Jul 22, 2026
Kelsian Group Limited, listed on the ASX under the ticker KLS, operates in the transport and related services industry and uses performance rights as part of its capital and remuneration structure. These conditional securities are typically grante...
Kelsian sets date for FY26 financial results webcast
Jul 21, 2026
Kelsian Group Limited, a major international provider of bus, motorcoach and marine transport services, delivers safe and sustainable passenger mobility for governments and private clients across Australia, the U.K., Singapore, the U.S.A. and the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.