Kelsian is a tourism stock that has slipped under investors’ radar but has made a solid ~60% return in 5 years

Nick Sundich Nick Sundich, February 23, 2023

If you think you knew all the tourism stocks that are listed on the ASX, think again. Kelsian (ASX:KLS) is a tourism stock that has slipped under the radar, but is benefiting from the rebound in travel – and not just tourism. 

 

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Kelsian is a unique tourism stock

Kelsian is a transport provider that not only provides tourism transport but commuter transport too.

It operates 3,991 buses, 113 vessels and 24 light rail vehicles that have delivered over 257m customer journeys over the last 12 months. 

The company’s commuter operations include bus services in London and Singapore and ferry services in Brisbane. It also operates several tourism brands including adventure tour and cruise brands. 

In the last five years, Kelsian’s share price has grown by over 60%, something that can’t be said for many travel and tourism stocks. 

 

Kelsian (ASX:KLS) share price chart, log scale (Source: TradingView)

 

Kelsian grows its profit by 22%

In 1HY23, Kelsian grew its underlying NPAT by 21.6% to $26.5m and it paid a dividend of 7.5c a share (whch is a 2.5% yield on an annualised basis). 

Kelsian’s revenues grew by 6.2% to $678.3m, a growth figure that trails many of its peers but is more stable given its reliance on government-backed service contracts.

The company also reported that trading in 2H continued to be strong, more than offsetting cost headwinds associated with ongoing labour shortages. 

 

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