The Trustee For Kapstream Investment Trust

A$1.73As of Sun 8 Nov 2026, 12:00 UTC

ASX:KIT—

Country Australia

PE (Fwd) •••

TSR 10Y CAGR —

Div yield 4.27%

ROE —

—

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap —

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

$1.87

8.22%

66.90%

Hold 0|3|4|5|2

TTM

FYE 31 Dec AUD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

5.436

Revenue$B

3.875

4.230

4.553

4.909

5.345

5.720

6.094

6.643

7.035

7.434

5.736

6.82%

7.45%

23.84

Revenue growth%

26.15

23.18

26.06

24.42

24.08

21.43

20.98

20.50

21.17

22.64

9.66

21.17

22.91

14.53

Gross margin%

3.37

0.86

1.25

2.75

1.78

2.40

3.57

2.75

0.40

24.31

2.40

2.09

11.35

Operating margin%

7.06

6.66

5.11

7.78

6.21

4.62

6.78

6.79

5.03

4.86

22.98

5.03

6.44

9.02

Net margin%

21.16

20.31

17.83

19.04

20.17

19.95

19.92

19.67

16.72

18.17

25.72

19.67

19.79

14.73

P/E ratio (avg)x

16.88

18.11

17.45

16.28

16.86

15.40

15.27

16.24

16.03

15.72

22.83

15.72

16.26

12.08

EV/EBITx

37.68

37.99

43.49

48.77

46.20

48.56

48.79

48.03

54.19

57.39

35.76

48.79

48.29

9.45

FCF yield (avg)%

16.52

18.34

18.13

20.85

20.78

19.25

19.19

19.85

21.51

24.42

15.04

19.85

19.55

26.63

FCF margin%

14.52

13.46

13.97

11.61

10.00

7.62

5.09

3.90

6.14

5.89

17.62

5.89

8.81

0.433

FCF / Net incomex

0.596

0.604

0.596

0.582

0.612

0.536

0.574

0.556

0.487

0.498

1.108

0.536

0.578

5.16

ROIC%

11.13

8.48

11.01

12.47

10.32

11.95

12.23

12.40

10.71

7.90

8.46

11.95

11.07

6.88

Return on equity%

6.69

5.13

2.26

4.92

3.04

1.01

3.10

2.47

0.48

0.56

12.01

1.01

2.75

25.37

Return on assets%

19.35

21.49

20.93

18.81

18.08

18.92

18.93

21.08

22.48

25.06

18.21

21.08

20.14

0.18

EPS$

0.09

0.08

0.07

0.06

0.05

0.19

(6.61%)

(6.89%)

—

29.99

EPS growth%

22.03

23.48

21.27

21.25

20.23

21.08

19.05

18.20

20.08

18.17

4.20

19.05

20.66

0.27

Bookvalue per sh$

0.06

0.05

0.15

(0.26%)

(1.83%)

—

0.04

FCF per share$

0.23

0.26

0.28

0.30

0.31

0.34

0.40

0.44

0.50

0.56

0.13

12.80%

9.86%

—

0.04

Dividend per sh$

0.20

0.22

0.19

0.18

0.16

0.17

0.18

0.19

0.25

3.51%

0.76%

—

10.18

Div yield (avg)%

22.29

20.13

22.53

20.81

19.16

17.80

19.57

19.27

20.31

22.06

3.18

19.57

20.22

9.11

Payout ratio%

17.09

17.86

20.54

18.26

17.87

19.22

18.87

21.01

21.56

19.36

26.58

19.36

19.04

154.6

Shares (diluted)M

164.3

159.6

155.9

149.9

142.2

143.5

159.3

147.0

156.0

154.6

155.9

1.69%

(0.16%)

13.39

Buyback yield%

13.71

11.08

10.27

10.40

8.97

10.89

10.26

10.84

9.36

7.97

16.98

10.26

10.33

0.807

D/E ratiox

0.116

0.103

0.097

0.101

0.094

0.091

0.081

0.082

0.074

0.565

0.082

0.093

3.345

Enterprise value$B

6.417

6.769

6.592

7.294

8.257

9.502

9.768

10.48

10.11

11.44

3.245

6.73%

7.27%

3.416

LT debt$B

1.691

1.980

1.947

2.163

2.185

2.422

2.745

2.780

3.137

3.122

1.124

7.40%

7.18%

Peers (US$116.9M)

Cap (US$)

Aims Property Securiti…

119.2M

5.001x

CVC Limited

117.0M

78.92x

Tribeca Global Natural…

113.4M

2.226x

Solana Company

116.7M

—

Capital

TTM

10Y

Leveragex

0.828

(0.288)

(0.189)

EBIT/Intx

1.181

0.887

0.594

Own earn%

(19.57)

128.39

127.03

Sh yield%

23.57

29.83

30.07

Owners

Insiders/Inst%

3.69

57.20

Short interest%

3.86

SBC / revenue%

2.76

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

5–8

$1 testx

—

Incr. ROIC%

The Trustee For Kapstream Investment Trust provides and manages funds. The company was incorporated in 2025 and is based in Melbourne, Australia.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$7.434B

7.45%

1.00×

Cost of revenue

$4.752B

7.20%

0.98×

Operating expenses

$1.053B

7.46%

1.00×