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Kelsian Group Limited (KLS.AX)

AUD4.23 +0.01 (+0.24%)
AU ASX Industrials Railroads
Address 26 Flinders Street 5000
Adelaide, SA, AU
CEO Graeme Legh
IPO 2014-01-09
ISIN AU0000186678

Explore sections of this company profile

Also trades on Australian Securities Exchange · KLS.AX (AUD) Australian Securities Exchange · SLK.AX (AUD) Frankfurt Stock Exchange · CY4.F (EUR)
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, SeaLink Travel Group Limited, it rebranded to Kelsian Group Limited in November 2021. The company's diverse offerings are structured across three core divisions: Marine & Tourism, Australian Bus, and International Bus. The Marine & Tourism division encompasses vehicle and passenger ferry services, barging, comprehensive coach tours, packaged holidays, various cruise experiences (including lunch, dinner, and charter options), and accommodation facilities. In Australia, the Bus segment manages urban public transportation networks for government entities in major cities such as Sydney, Melbourne, Perth, Adelaide, and Darwin. Internationally, its Bus segment extends these metropolitan public bus services to London and Singapore, also operating under government contracts. Beyond these operational areas, Kelsian Group furnishes vital corporate support services, including financial management, sales and marketing, information technology, business development, fleet oversight, health and safety protocols, and comprehensive administration and risk management. The company maintains a substantial fleet, comprising 4,134 buses, 115 marine vessels, and 24 light rail vehicles. Its London operations alone contribute 1,125 buses to this total, with 297 of them being electric vehicles.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD4.23 +0.01 (+0.24%)
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Volume Profile
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Liquidity & share structure
Average Volume
565.7K
Beta
0.93
Float Shares
155.39M
Free Float %
57.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.14% +7.40% +17.19% -0.66% -2.60% +5.88% +38.89% -33.63% -53.22% +1.35% +210.34%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.23
DCF (Unlevered) 6.89 +62.9%
DCF (Levered) 3.83 -9.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 71% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 3 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.65
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Railroads: +4.4%
    +10.3% Q4'25: +20.7% (vs Q4'23)
  • EPS growth Railroads: +13.1%
    -4.8% Q4'25: +9.1% (vs Q4'23)
  • FCF margin FCF growth · Railroads: +40.4%
    +2.1% Q4'25: +0.4% (vs Q4'23)
  • EBIT margin Railroads: +14.1%
    +6.0% Q4'25: +5.8% (vs Q4'23)
  • ROIC Railroads: +5.9%
    +5.7% Q4'25: +10.5% (vs Q4'23)
  • Share dilution Railroads: +0.4%
    +0.6% Q4'25: +6.2% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Railroads: 1.34×
    4.18× Q4'25: 2.10× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.89) × ERP
WACC = 53% × Ke + 47% × Kd (6.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6.89 Current price: 4.23
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
8 Rev. Ana.
3 EPS Ana.
Jun 2027
8 Rev. Ana.
3 EPS Ana.
Jun 2028
7 Rev. Ana.
4 EPS Ana.
Jun 2029
3 Rev. Ana.
1 EPS Ana.
Revenue
111.28M
est: 113.00M (-1.5%)
176.94M
est: 174.63M (+1.3%)
200.94M
est: 207.55M (-3.2%)
208.80M
est: 215.35M (-3.0%)
250.66M
est: 255.56M (-1.9%)
623.69M
est: 615.65M (+1.3%)
1.17B
est: 1.18B (-1.0%)
1.30B
est: 1.30B (+0.2%)
1.42B
est: 1.39B (+1.8%)
2.02B
est: 2.00B (+0.9%)
2.22B
est: 2.19B (+1.5%)
2.37B
2.35B – 2.40B
+8.2% YoY
2.40B
2.30B – 2.47B
+1.3% YoY
2.48B
2.47B – 2.50B
+3.4% YoY
2.45B
2.39B – 2.50B
-1.4% YoY
EBITDA
18.50M
est: 13.59M (+36.1%)
44.08M
est: 21.00M (+109.9%)
49.40M
est: 24.95M (+98.0%)
43.48M
est: 25.89M (+67.9%)
45.91M
est: 30.73M (+49.4%)
62.87M
est: 74.02M (-15.1%)
160.98M
est: 142.40M (+13.0%)
157.99M
est: 155.75M (+1.4%)
133.11M
est: 167.47M (-20.5%)
268.72M
est: 240.43M (+11.8%)
255.93M
est: 263.53M (-2.9%)
285.01M
282.55M – 288.06M
+8.2% YoY
288.79M
276.75M – 297.48M
+1.3% YoY
298.72M
296.90M – 300.55M
+3.4% YoY
294.63M
287.16M – 300.67M
-1.4% YoY
EBIT
14.24M
est: 6.36M (+123.9%)
34.30M
est: 9.83M (+249.0%)
37.37M
est: 11.68M (+219.9%)
30.62M
est: 12.12M (+152.6%)
29.48M
est: 14.38M (+105.0%)
2.44M
est: 34.65M (-93.0%)
66.62M
est: 66.65M (0.0%)
81.21M
est: 72.90M (+11.4%)
55.70M
est: 78.38M (-28.9%)
125.44M
est: 112.54M (+11.5%)
132.90M
est: 123.34M (+7.7%)
133.40M
132.25M – 134.83M
+8.2% YoY
135.17M
129.53M – 139.24M
+1.3% YoY
139.82M
138.96M – 140.67M
+3.4% YoY
137.90M
134.41M – 140.73M
-1.4% YoY
Net Income
9.35M
est: 32.65M (-71.4%)
22.35M
est: 55.64M (-59.8%)
23.83M
est: 62.40M (-61.8%)
19.57M
est: 57.00M (-65.7%)
21.54M
est: 61.14M (-64.8%)
-13.57M
est: 48.57M (-127.9%)
37.80M
est: 91.53M (-58.7%)
52.91M
est: 79.90M (-33.8%)
21.00M
est: 83.92M (-75.0%)
58.01M
est: 58.01M (+0.0%)
54.49M
est: 88.34M (-38.3%)
89.44M
71.16M – 107.73M
+1.2% YoY
72.12M
67.90M – 122.16M
-19.4% YoY
116.97M
100.83M – 133.11M
+62.2% YoY
102.09M
98.73M – 104.81M
-12.7% YoY
SGA
49.17M
est: 37.46M (+31.3%)
79.33M
est: 57.89M (+37.0%)
91.05M
est: 68.80M (+32.3%)
99.83M
est: 71.39M (+39.8%)
124.25M
est: 84.72M (+46.7%)
420.12M
est: 204.08M (+105.9%)
156.13M
est: 392.60M (-60.2%)
870.77M
est: 429.39M (+102.8%)
899.60M
est: 461.70M (+94.8%)
188.14M
est: 662.87M (-71.6%)
279.00M
est: 726.54M (-61.6%)
785.77M
778.98M – 794.19M
+8.2% YoY
796.20M
762.98M – 820.16M
+1.3% YoY
823.58M
818.55M – 828.61M
+3.4% YoY
812.29M
791.71M – 828.93M
-1.4% YoY
EPS
0.12
est: 0.12 (+0.2%)
0.24
est: 0.20 (+17.6%)
0.24
est: 0.23 (+4.8%)
0.19
est: 0.21 (-9.2%)
0.21
est: 0.22 (-6.4%)
-0.08
est: 0.18 (-145.4%)
0.17
est: 0.34 (-49.4%)
0.24
est: 0.29 (-18.1%)
0.09
est: 0.31 (-70.9%)
0.21
est: 0.31 (-31.4%)
0.20
est: 0.31 (-35.0%)
0.35
0.26 – 0.40
+15.2% YoY
0.38
0.25 – 0.45
+7.1% YoY
0.43
0.37 – 0.49
+12.3% YoY
0.37
0.36 – 0.38
-12.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-28 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-27 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-26 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-25 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-22 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-21 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-20 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-19 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-18 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-15 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-14 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-13 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-12 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-11 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-08 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-07 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-06 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-05 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-04 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-01 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-30 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-28 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-27 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-23 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
838.39M
OE per share TTM
3.03
Owner's Yield
68.64%
Maintenance CapEx ratio
82.70%
Maint CapEx / Avg PPE
51.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 60 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck - Small Companies Masters ETF MVS.AX 1.76% 2.17M 0.49%
2 iShares S&P/ASX Small Ordinaries ETF ISO.AX 0.34% 295.2K 0.55%
3 iShares S&P/ASX Dividend Opportunities ESG Screened ETF IHD.AX 0.18% 499.9K 0.23%
4 BetaShares - Australian Sustainability Leaders ETF FAIR.AX 0.17% 1.29M 0.49%
5 iShares Edge MSCI Australia Multifactor ETF AUMF.AX 0.14% 132.5K 0.30%
6 Vanguard MSCI Australian Small Companies Index ETF VSO.AX 0.13% 1.07M 0.30%
7 iShares Smart City Infrastructure UCITS ETF CT2B.AS 0.10% 47.5K 0.40%
8 iShares Smart City Infrastructure UCITS ETF CITY.AS 0.10% 402.3K 0.40%
9 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.07% 294.7K 0.48%
10 WisdomTree International SmallCap Dividend Fund DLS 0.07% 708.9K 0.58%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
11.9K
Shares Outstanding
271.66M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Graeme Legh Group Chief Executive Officer 2M male
Andrew D. Muir Chief Financial Officer & Joint Company Secretary 853.9K male
Winston Toh Managing Director of Singapore 819.1K male
Michael McGee Chief Executive Officer of Transit Systems 643.3K male
Donna Gauci Chief Executive Officer of SeaLink Marine & Tourism 607.3K female
James Maitland Chief Executive Officer of All Aboard America! Holdings Inc 441.1K male
Paul Raymond Cox Group Chairman & Chief Financial Officer of Tower Transit 422.1K male
Joanne H. McDonald Chief Legal & Risk Officer and Joint Company Secretary 217.7K female
Samuel Ribeiro Managing Director of Tower Transit UK male
Adam Heilbron Group Chief Information Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits