KELSIAN GROUP LIMITED (KLS)
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KLS

KLS - KELSIAN GROUP LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.5
Index: ASX300 | ALL-ORDS

Kelsian Group provides bus, ferry, marine and tourism transport services in Australia and international markets.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.92

28 Oct
2026

-0.050

OPEN

$3.91

-1.26%

HIGH

$3.97

253,732

LOW

$3.91

TARGET
$5.475 39.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BWN . BXB . CLX . ERD . FRW . KSC . LAU . NTD . QAN . SPZ . SST . THL . VGN . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
KLS: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 23.4 37.0 xxx
DPS (cps) xxx 18.0 17.5 xxx
EPS Growth xxx 16.3% 58.0% xxx
DPS Growth xxx 2.9% - 2.8% xxx
PE Ratio xxx N/A 10.7 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 77.0% 47.4% xxx

Dividend yield today if purchased 3 years ago: 2.98%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.55

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/09 - ex-div 10.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx23.4
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx2,402.7 M
Book Value Per Share xxxxxxxxxxxxxxx350.7
Net Operating Cash Flow xxxxxxxxxxxxxxx220.1 M
Net Profit Margin xxxxxxxxxxxxxxx2.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx6.65 %
Return on Invested Capital xxxxxxxxxxxxxxx3.22 %
Return on Assets xxxxxxxxxxxxxxx2.54 %
Return on Equity xxxxxxxxxxxxxxx6.65 %
Return on Total Capital xxxxxxxxxxxxxxx7.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx42.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx52 M
Long Term Debt xxxxxxxxxxxxxxx1,003 M
Total Debt xxxxxxxxxxxxxxx1,056 M
Goodwill - Gross xxxxxxxxxxxxxxx717 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx176 M
Price To Book Value xxxxxxxxxxxxxxx1.27

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx141.0 M
Capex % of Sales xxxxxxxxxxxxxxx5.87 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,970 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx291 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

22/10/2026

1

Outperform

$5.50

40.31%

Macquarie has resumed coverage of Kelsian Group post restriction with an Outperform rating and a target price of $5.50 post the sale of its tourism portfolio for $150m.

The analyst believes the earnings are now more defensive. Even before the sale more than 90% was contracted in FY26 with 95% of revenue expected to come from bus contracts in FY27.

The broker also sees potential upside risks to UK contract wins and possible M&A opportunities in the US market.

The balance sheet has scope to acquire some $20m of FY28 EBITDA and remain below 2x net debt-to-EBITDA, the broker explains.

FORECAST
Macquarie forecasts a full year FY27 dividend of 17.00 cents and EPS of 37.90 cents.
Macquarie forecasts a full year FY28 dividend of 21.00 cents and EPS of 45.20 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Jarden

05/10/2026

2

Overweight

$4.80

22.45%

Jarden maintains an Overweight rating for Kelsian Group with an unchanged $4.80 target price following the completion of the sale of the Tourism division for $150m.

The divestment triggers a -4% to -6% reduction in future earnings per share estimates to account for sales dilution.

The analyst views the transaction positively, noting the deal improves gearing to 1.9x in FY27 while providing optionality for future mergers and acquisitions in the United States.

Jarden believes shedding the tourism assets reduces overall capital intensity and yields higher-quality earnings, given the remaining operations carry lower fuel price exposure and strong market positions.

Potential offshore contract wins and achieving revised earnings guidance serve as key upcoming catalysts for the business.

FORECAST
Jarden forecasts a full year FY27 dividend of 15.00 cents and EPS of 35.50 cents.
Jarden forecasts a full year FY28 dividend of 15.40 cents and EPS of 37.10 cents.
Access Extra Coverage Research History >

KLS STOCK CHART

FNArena News on KLS

1
In Brief: Imugene, Elementos & Kelsian Group

Oct 09 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 07, 2026

Oct 07 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 05, 2026

Oct 05 2026 - Daily Market Reports
4
Next Week At A Glance – 5-9 Oct 2026

Oct 02 2026 - Weekly Reports
5
Next Week At A Glance – 21-25 Sep 2026

Sep 18 2026 - Weekly Reports

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