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Keystone Law Group Plc
(LSE:KEYS)
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Rating:80Outperform
Price Target:
798.00 p
▲(36.88% Upside)
Action:Reiterated
Date:10/14/26
The score is driven primarily by strong fundamentals (steady revenue growth, solid profitability track record, and low leverage). Valuation is supportive with a reasonable P/E and a high dividend yield. Technicals are positive due to a strong uptrend, but the elevated RSI indicates near-term overheating risk, tempering the overall score.
Positive Factors
Sustained Revenue Growth
Revenue more than doubled across the reported period and continued growing in 2026, indicating sustained demand for Keystone’s legal services. Continued top-line expansion can support greater operating scale, strengthen the central platform, and create capacity for further investment in the lawyer network.
Negative Factors
Volatile Cash Generation
Although cash conversion is generally healthy, uneven annual cash generation makes funding capacity less predictable than the earnings record suggests. Recurring volatility can complicate dividend planning, investment timing, and the ability to absorb periods of weaker client activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue more than doubled across the reported period and continued growing in 2026, indicating sustained demand for Keystone’s legal services. Continued top-line expansion can support greater operating scale, strengthen the central platform, and create capacity for further investment in the lawyer network.
Read all positive factors
Keystone Law Group Plc (KEYS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£235.24M
Dividend Yield6.93%
Average Volume (3M)62.45K
Price to Earnings (P/E)18.7
Beta (1Y)0.30
Revenue Growth20.86%
EPS Growth31.27%
CountryUK
Employees96
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.40
Shares Outstanding31,449,444
10 Day Avg. Volume58,526
30 Day Avg. Volume62,452
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)9.73
Price to Sales (P/S)1.75
P/FCF Ratio16.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.42
Revenue Forecast (FY)£132.99M
Keystone Law Group Plc Business Overview & Revenue Model
Company Description
Established in London in 2002, Keystone Law Group plc and its subsidiaries provide a wide array of traditional legal services throughout the United Kingdom. The firm's expertise spans numerous legal domains, including banking and finance, corporat...
How the Company Makes Money
Keystone Law Group Plc makes money primarily by charging clients for legal services provided by its lawyers. Revenue is generated from fees billed for advisory and transactional work (e.g., corporate and commercial matters) and for contentious wor...
Keystone Law Group Plc Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 127.37M | 115.17M | 97.70M | 87.93M | 75.26M | 69.62M |
| Gross Profit | 31.25M | 28.66M | 25.47M | 22.83M | 19.57M | 18.40M |
| EBITDA | 12.43M | 11.42M | 13.36M | 11.89M | 9.20M | 9.34M |
| Net Income | 12.77M | 11.06M | 8.55M | 7.65M | 6.73M | 6.65M |
Balance Sheet | ||||||
| Total Assets | 55.32M | 49.83M | 45.70M | 41.30M | 37.88M | 37.40M |
| Cash, Cash Equivalents and Short-Term Investments | 10.46M | 9.74M | 9.69M | 8.37M | 9.15M | 10.48M |
| Total Debt | 1.41M | 1.67M | 2.16M | 2.37M | 648.03K | 1.11M |
| Total Liabilities | 34.24M | 29.13M | 25.33M | 24.36M | 20.02M | 18.52M |
| Stockholders Equity | 21.08M | 20.70M | 20.36M | 16.94M | 17.86M | 18.88M |
Cash Flow | ||||||
| Free Cash Flow | 13.77M | 12.12M | 5.47M | 7.46M | 7.17M | 8.27M |
| Operating Cash Flow | 13.86M | 12.21M | 6.24M | 7.53M | 7.23M | 8.31M |
| Investing Cash Flow | -90.81K | -85.07K | 1.19M | 1.46M | 157.73K | -32.35K |
| Financing Cash Flow | -9.81M | -12.07M | -6.12M | -9.78M | -8.72M | -5.17M |
Keystone Law Group Plc Technical Analysis
Positive
583.00
Price Trends
652.26
Positive
588.00
Positive
549.25
Positive
Market Momentum
21.03
Negative
90.87
Negative
98.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KEYS, the sentiment is Positive. The current price of 583 is below the 20-day moving average (MA) of 703.15, below the 50-day MA of 652.26, and above the 200-day MA of 549.25, indicating a bullish trend. The MACD of 21.03 indicates Negative momentum. The RSI at 90.87 is Negative, neither overbought nor oversold. The STOCH value of 98.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KEYS.
Keystone Law Group Plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £235.24M | 18.70 | 61.14% | 6.93% | 20.86% | 31.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £534.85M | -5.54 | -12.70% | 4.41% | -0.86% | -481.50% | |
60 Neutral | £414.31M | 149.29 | 1.30% | 2.32% | 8.11% | -69.68% | |
58 Neutral | £141.59M | 29.62 | 4.58% | 3.41% | 28.41% | -36.92% | |
47 Neutral | £332.98M | -1.66 | -677.10% | 5.94% | -16.13% | -1315.87% |
* Industrials Sector Average
GB:KEYS
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Keystone Law Group Plc Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Keystone Law lifts profits, expands AI platform and signals earnings beat
Positive
Sep 14, 2026
Keystone Law Group Plc, the UK-based premier tech-enabled platform law firm, reported strong interim results for the six months to 31 July 2026, underscoring the resilience of its differentiated model. The business continues to leverage a scalable...
Business Operations and StrategyFinancial Disclosures
Keystone Law schedules interim results and investor briefings
Positive
Aug 6, 2026
Keystone Law Group plc, the AIM-quoted tech-enabled platform law firm, operates a full-service model in the UK’s £14 billion legal market with a network of nearly 500 self-employed principal lawyers and extensive support infrastructure....
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.