I think this is way overvalued. Most accounting practices are valued on sale between $0.8 - $1.40 x revenue. KPG did a shy under $50m of revenue and currently has a market cap over $100m. What makes this even worse if that 60% of this entity is owned by the current partners so the listed entity only owns about 40%. This makes the valuation to be in excess of $4x revenue making it one of the most expensive accounting practices in the world. Brett Kelly would counter that and say its one of the best in the world.
KPG Price at posting:
$2.30 Sentiment: Sell Disclosure: Not Held
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