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Employees: 13,300
Size Kelsian (KLS.AX) is an Australia Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $797M, the 210th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.23 on 6 Nov 2026.
Performance Over six months the shares gained 5.0%, against -9.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 19 in its peer set.
Growth Revenue grew 8.8% over the last twelve months (peer median +5.0%); the operating margin is 5.8% (peer median 17.4%).
Valuation It trades at 11.2× forward earnings against a peer median of 15.9× (2nd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points below its cost of capital (8.6% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$2.40B | A$2.40B | A$2.21B | A$2.02B | A$1.42B |
| Revenue growth | — | +9% | +10% | +42% | — |
| Gross profit | A$433M | A$433M | A$399M | A$352M | A$258M |
| EBITDA | A$301M | A$302M | A$269M | A$240M | A$149M |
| Net income | A$63.5M | A$63.5M | A$54.5M | A$58.0M | A$21.0M |
| Free cash flow | A$89.9M | A$89.9M | A$40.7M | -A$1.82M | A$28.8M |
| Capital expenditure | A$141M | A$141M | A$165M | A$150M | A$101M |
| Total debt | n/a | A$1.06B | A$1.06B | A$1.02B | A$806M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KLS.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.9% | -5.7% | 2nd highest of 21 |
| 6-month return | +5.0% | -9.2% | 4th highest of 19 |
| Distance from 52-week high | -19.4% | -28.6% | 6th highest of 21 |
| Revenue growth (TTM) | +8.8% | +5.0% | 8th highest of 21 |
| Operating margin | 5.8% | 17.4% | 6th lowest of 21 |
| Forward P/E | 11.2× | 15.9× | 2nd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 9.2% | -3.8% | 5th most demanding of 17 |
| Growth delivered (Del g) | +15.4% | +18.8% | 8th lowest of 17 |
| Hurdle (Req g minus delivered) | -6.2 pp | -17.7 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | -3.3 pp | +1.5 pp | 6th lowest of 21 |
| EV / EBITDA | 6.8× | 12.0× | 3rd cheapest of 17 |
| Net debt / EBITDA | 2.9× | 1.3× | 7th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kelsian KLS.AX | Australia | $797M | +5% | +9% | 6% | 11.2× | 9.2% | +15.4% |
| Centurion OU8.SI | Singapore | $810M | -18% | +26% | 61% | 11.3× | -3.8% | +18.2% |
| PPHE Hotel PPH.L | United Kingdom | $864M | -2% | +5% | 19% | 21.0× | 7.7% | +35.6% |
| Guangzhou Lingnan 000524.SZ | China | $885M | -19% | +6% | 2% | 62.9× | 11.7% | +19.4% |
| Huangshan Tourism Development 600054.SS | China | $926M | -13% | +2% | 20% | 23.0× | -9.4% | +23.2% |
| Waterways Leisure Tourism CORDELIA.NS | India | $677M | n/a | -2% | 14% | n/a | n/a | n/a |
| Formosa International Hotels 2707.TW | Taiwan | $668M | +2% | +6% | 26% | 13.3× | -7.7% | +4.7% |
| Imperial Hotel 9708.T | Japan | $666M | -26% | +10% | 3% | 47.6× | n/a | n/a |
| Pierre et Vacances VAC.PA | France | $974M | -1% | +5% | 15% | 15.6× | -0.6% | +9.8% |
| Lemon Tree Hotels LEMONTREE.NS | India | $984M | -4% | +10% | 38% | 31.1× | 17.4% | +41.3% |
| HtlShilla 008770.KS | South Korea | $985M | -46% | +1% | 3% | 15.1× | -7.6% | +5.0% |
| Lotte Tour Development 032350.KS | South Korea | $591M | -51% | +39% | 24% | 15.9× | -6.4% | +108.0% |
| Fujita Kanko 9722.T | Japan | $1.08B | +37% | +3% | 16% | 12.9× | -4.6% | +25.2% |
| Hongkong & Shanghai Hotels 0045.HK | Hong Kong | $1.11B | -12% | -4% | 13% | n/a | 4.0% | +24.1% |
| India Tourism Development ITDC.NS | India | $572M | +6% | -9% | 16% | n/a | 58.7% | +24.6% |
| Target Hospitality TH | United States | $1.13B | -26% | +12% | -9% | 22.9× | 49.9% | +7.3% |
| Harbour Centre Development 0051.HK | Hong Kong | $557M | +38% | +1% | 20% | n/a | -3.9% | -16.5% |
| Huatian Hotel 000428.SZ | China | $552M | -6% | -6% | -35% | n/a | n/a | n/a |
| Stamford Land H07.SI | Singapore | $530M | -6% | 0% | 20% | n/a | -16.2% | +5.5% |
| NagaCorp 3918.HK | Hong Kong | $1.21B | -48% | +12% | 58% | 4.7× | -19.3% | -4.1% |
| Elevate Campuses ELEVATE.NS | India | $498M | n/a | +54% | 63% | n/a | n/a | n/a |