Keypath Education International Inc (ked) Logo

Keypath Education International Inc (KED)

___:___ · Consumer Cyclical
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KED Chart

Snapshot

KED's Principal Activity is the education technology provider, Keypath's principal activities throughout the reporting period were to provide online program management serving the postgraduate education market of traditional universities including: design, development, marketing, management, student recruitment, student support, clinical placement services and additionally, the continued development and improvement of its KeypathEDGE data analytics platform to improve the experiences of universities and students alike.

Share Price Activity

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Bid / Ask -
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Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -
vs ASX 200 (1yr) -56.86%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 574 of 2,413
Sector Rank 53 of 149

Key Fundamentals

Shares Issued
Sector Consumer Cyclical
Similar Companies BST / UNI / MYR
EPS -$0.54
DPS $0.00
Book Value Per Share $0.58

Broker Consensus

Breakdown 6 Buy · 1 Hold · 0 Sell
Recommendation Strong Buy
Last Updated 09/05/22

Announcements

Date Heading Pages File Size Time

Corporate Overview

Keypath Education International Inc (KED) operates in the large and growing global online higher education market through an online program management (OPM) offering to its university partners. Keypath provides an education technology (EdTech) solution to assist its university partners in the design, development, launch, growth and support of online higher education.

Incorporation Details

No incorporation details available.

Corporate Details

Head Office Schaumburg Illinois USA 60173
Website www.keypathedu.com
Registry Computershare
Auditor PricewaterhouseCoopers LLP
Date Listed 2 Jun 2021

Upcoming Calendar (Forecasted)

Date Event
29/08/2022 Report (Prelim)
28/09/2022 Report (Annual)
13/02/2023 Report (Interim)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Ms Diana Jane Eilert Non-Executive Chairman,Non-Executive Director May 2021

Ms Diana Jane Eilert

Non-Executive Chairman,Non-Executive Director

Ms Eilert lives in New South Wales, Australia. Diana has more than 10 years as a listed company director, and has held board roles in some of Australia's best-known companies. Her focus is on companies scaling up and sectors undergoing digital transformation. Previously Diana was a Non-Executive Director of Super Retail Group (2015-2021) Navitas Limited (2014-2019), REA Group Ltd (2010-2012) and Veda Group Limited (2013-2016). With an extensive and diverse executive career spanning more than 25 years, Diana has run large businesses and held senior strategic roles. Her experience includes strategic roles in companies such as Suncorp, Newscorp, Citibank, IBM and A.T. Kearney. Diana is a member of the Australian Competition Tribunal (appointed December 2019).

Mr Robert John Bazzani Non-Executive Director May 2021

Mr Robert John Bazzani

Non-Executive Director

Mr Bazzani lives in Victoria, Australia. Robert spent 21 years at KPMG, holding a variety of senior leadership positions including as Chairman of KPMG Victoria, National Managing Partner for KPMG Australia's Enterprise Division and National Managing Partner for KPMG's M&A Division. Whilst in these various roles, Robert was a member of KPMG's National Executive Committee, which oversees and is responsible for KPMG's turnover, strategic decision making, profitability and operations. Robert is currently Chairman of Natrio Australia and Non-Executive Director of ASX-listed Class Ltd (appointed 2020) and Mach7 Technologies (appointed 2020). He is chair of Risk Management Committee.

Ms Susan Hammond Wolford Non-Executive Director May 2021

Ms Susan Hammond Wolford

Non-Executive Director

Ms Wolford spent 17 years at BMO Capital Markets, holding a variety of senior leadership positions, and was Vice Chair in her final role. She has investment and corporate banking experience and, at BMO Capital Markets, was previously Group Head and Managing Director of the Technology and Business Services Group. She has advised hundreds of education companies on M&A and financing activity over the past 23 years. Susan is on the Director's Leadership Council of the Rutgers Cancer Institute of New Jersey (appointed 2008). She is currently serving as a board member of Savvas Learning Company, Lightbridge Academy, and Edify Acquisition Corporation.

Ms Melanie Susan Laing Non-Executive Director May 2021

Ms Melanie Susan Laing

Non-Executive Director

Ms Laing lives in New South Wales, Australia. Melanie is a Non-Executive Director and global executive with an expansive and diverse background, bringing a depth of experience shaping enterprise-wide culture and capability in markets undergoing significant change and growth. Melanie was previously Group Executive, Human Resources at the Commonwealth Bank of Australia. Prior to this, she was the global Executive General Manager, People and Culture at Origin Energy and has previously held executive human resources leadership roles with Unisys Asia Pacific, Vodafone Asia Pacific and the General Re Corporation Europe, having lived and worked extensively overseas. Melanie is currently a Non-Executive Director of Inflection.com, Inc. (appointed 2020) and Chief Executive Women (appointed 2020).

Mr Rudolf Christopher Hoehn-Saric Non-Executive Director Mar 2021

Mr Rudolf Christopher Hoehn-Saric

Non-Executive Director

Mr Hoehn-Saric is the Co-founder and Senior Managing Director of Sterling Partners, a growth-oriented, private-equity firm that was an early investor in Keypath. Since its founding in 1983, Sterling Partners has established a track record of successful investment activity throughout a variety of economic and market conditions. Christopher is currently a board member for Shorelight Education (appointed 2014), Amerigo Education (appointed 2016), and Hudson Global Scholars (appointed 2019). Christopher has previously served as a director of other companies in the education industry, including Sylvan Learning, and Connections Academy. Christopher is an emeritus Trustee of Johns Hopkins University, having served on its board of directors for 18 years.

Mr Stephen (Steve) Charles Fireng Founder,Chief Executive Officer,Executive Director Mar 2021

Mr Stephen (Steve) Charles Fireng

Founder,Chief Executive Officer,Executive Director

Mr Fireng is the Global CEO and founder of Keypath, was appointed an Executive Director of the Company in March 2021 and has served as CEO of the Keypath business since January 2014. Steve lives in Illinois, US. Steve has over 25 years of experience in higher education, having led both institutional and corporate teams. Prior to founding Keypath, Steve was CEO and President at EmbanetCompass (later renamed Pearson Embanet) where, after five years of leading the business, it was acquired by Pearson for US$650 million. He spent over 17 years at Career Education Corporation, holding a variety of senior leadership positions where he was one of the founding leadership members, growing two online universities from inception to over 30,000 students in five years, leaving as Group President.

Mr Maury Avram (Avi) Epstein Non-Executive Director Mar 2021

Mr Maury Avram (Avi) Epstein

Non-Executive Director

Mr Epstein joined Sterling Partners in 2008 and is currently a managing director and serves as the firm's chief operating officer, general counsel and chief compliance officer. Prior to this, Avi served as general counsel and Vice President of Business Affairs for a division of Kaplan, Inc. and also worked as a corporate attorney with Katten Muchin Rosenman LLP. Avi is also currently a board member of School of Rock, LLC (appointed 2019), Edcura (appointed 2018) and Cintana Education (appointed 2019).

Mr Eric Michael Israel Company Secretary,General Counsel N/A
Peter Vlerick Global CFO N/A

Director Transactions

KED directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
12/05/22 Diana Eilert Buy +11,997 $1.75 $20,994 On-market trade
12/05/22 Robert Bazzani Buy +17,100 $1.75 $29,925 On-market trade
11/05/22 Diana Eilert Buy +3 $1.333 $4 On-market trade

Director Interests

The current holdings of KED directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Robert Bazzani 12/05/2022 N/A 48,097 83,246 N/A
Diana Eilert 12/05/2022 92,863 N/A 128,070 N/A
Melanie Laing 30/06/2021 N/A 30,997 83,246 N/A
Stephen (Steve) Fireng 30/06/2021 9,362,419 N/A 1,424,561 N/A
Susan Wolford 30/06/2021 30,997 N/A 83,246 N/A
Maury Epstein 11/03/2021 N/A 141,687,978 N/A N/A
Rudolf Hoehn-Saric 11/03/2021 N/A 141,687,978 N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 15, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Avi Mezz Co Lp 141,687,978 68.05%
National Nominees Limited 15,592,241 7.49%
Citicorp Nominees Pty Limited 13,586,702 6.53%
Steve Fireng 9,362,419 4.50%
Bnp Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 8,015,082 3.85%
HSBC Custody Nominees (Australia) Limited 5,233,365 2.51%
J P Morgan Nominees Australia Pty Limited 5,191,297 2.49%
UBS Nominees Pty Ltd 3,212,505 1.54%
Bnp Paribas Noms Pty Ltd <Drp> 2,753,865 1.32%
Brispot Nominees Pty Ltd <House Head Nominee A/C> 714,616 0.34%
BNP Paribas Nominees Pty Ltd <IOOF Invmt Mngt Ltd DRP> 662,500 0.32%
Invia Custodian Pty Limited <Gsjbw Managed A/C> 277,561 0.13%
Merrill Lynch (Australia) Nominees Pty Limited 240,277 0.12%
CS Third Nominees Pty Limited <HSBC Cust Nom Au Ltd 13 A/C> 206,006 0.10%
CS Fourth Nominees Pty Limited <Hsbc Cust Nom Au Ltd 11 A/C> 135,716 0.07%
Merrill Lynch (Australia) Nominees Pty Limited <Equity Finance A/C> 97,445 0.05%
Ms Diana Eilert 80,863 0.04%
AMP Life Limited 77,173 0.04%
Neweconomy Com Au Nominees Pty Limited <900 Account> 74,673 0.04%
HSBC Custody Nominees (Australia) Limited A/C 2 45,831 0.02%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 253 134 15 16 19 437

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Citicorp Nominees Pty Limited 15/09/2021 13,586,702 6.53
National Nominees Limited 15/09/2021 15,592,241 7.49
Avi Mezz Co Lp 15/09/2021 141,687,978 68.05
Lennox Capital Partners Pty Limited 24/11/2021 13,541,717 6.50
Challenger Limited 24/11/2021 19,724,752 9.47

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
24-11-21 Lennox Capital Partners Pty Limited 13,541,717 -- 6.50
24-11-21 Challenger Limited 3,140,245 7.96 9.47
12-08-21 Challenger Limited 2,182,813 5.87 6.92
02-06-21 Challenger Limited 12,222,996 -- 5.87

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $3.70 30 June
KED Historical Price Data (CSV)
Up to 20 years of EOD share price history
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