KINSALE CAPITAL GROUP INC (KNSL) Stock Fundamental Analysis
USA - NYSE:KNSL - US49714P1084 - Common Stock
427.32 USD
-3.34 (-0.78%)
427.32 USD
0 (0%)
Taking everything into account, KNSL scores 5 out of 10 in our fundamental rating. KNSL was compared to 146 industry peers in the Insurance industry. While KNSL has a great profitability rating, there are quite some concerns on its financial health. KNSL is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
KNSL had positive earnings in the past year.
In the past 5 years KNSL has always been profitable.
In the past 5 years KNSL always reported a positive cash flow from operatings.
1.2 Ratios
KNSL's Return On Assets of 8.04% is amongst the best of the industry. KNSL outperforms 94.52% of its industry peers.
KNSL has a Return On Equity of 25.93%. This is amongst the best in the industry. KNSL outperforms 92.47% of its industry peers.
KNSL has a Return On Invested Capital of 7.55%. This is amongst the best in the industry. KNSL outperforms 89.73% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KNSL is above the industry average of 4.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.04% | ||
| ROE | 25.93% | ||
| ROIC | 7.55% |
ROA(3y)7.48%
ROA(5y)7.14%
ROE(3y)25.89%
ROE(5y)22.97%
ROIC(3y)7.61%
ROIC(5y)6.78%
1.3 Margins
With an excellent Profit Margin value of 26.78%, KNSL belongs to the best of the industry, outperforming 97.95% of the companies in the same industry.
KNSL's Profit Margin has improved in the last couple of years.
The Operating Margin of KNSL (31.08%) is better than 97.95% of its industry peers.
In the last couple of years the Operating Margin of KNSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.08% | ||
| PM (TTM) | 26.78% | ||
| GM | N/A |
OM growth 3Y5.55%
OM growth 5Y8.21%
PM growth 3Y3.58%
PM growth 5Y5.22%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KNSL is destroying value.
Compared to 1 year ago, KNSL has more shares outstanding
The number of shares outstanding for KNSL has been increased compared to 5 years ago.
Compared to 1 year ago, KNSL has an improved debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 0.11 indicates that KNSL is not too dependend on debt financing.
The Debt to Equity ratio of KNSL (0.11) is better than 76.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.88
WACC8.62%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.96% over the past year.
KNSL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.15% yearly.
Looking at the last year, KNSL shows a quite strong growth in Revenue. The Revenue has grown by 19.68% in the last year.
KNSL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 38.41% yearly.
EPS 1Y (TTM)19.96%
EPS 3Y40.94%
EPS 5Y46.15%
EPS Q2Q%27.47%
Revenue 1Y (TTM)19.68%
Revenue growth 3Y34.73%
Revenue growth 5Y38.41%
Sales Q2Q%22.17%
3.2 Future
KNSL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.70% yearly.
KNSL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.22% yearly.
EPS Next Y16.35%
EPS Next 2Y14.42%
EPS Next 3Y12.7%
EPS Next 5YN/A
Revenue Next Year12.92%
Revenue Next 2Y11.1%
Revenue Next 3Y12.22%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 24.69, KNSL is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of KNSL indicates a slightly more expensive valuation: KNSL is more expensive than 76.03% of the companies listed in the same industry.
KNSL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.41.
KNSL is valuated rather expensively with a Price/Forward Earnings ratio of 20.31.
Based on the Price/Forward Earnings ratio, KNSL is valued a bit more expensive than 70.55% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KNSL to the average of the S&P500 Index (22.88), we can say KNSL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.69 | ||
| Fwd PE | 20.31 |
4.2 Price Multiples
64.38% of the companies in the same industry are cheaper than KNSL, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.23 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KNSL has a very decent profitability rating, which may justify a higher PE ratio.
KNSL's earnings are expected to grow with 12.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.51
PEG (5Y)0.53
EPS Next 2Y14.42%
EPS Next 3Y12.7%
5. Dividend
5.1 Amount
With a yearly dividend of 0.16%, KNSL is not a good candidate for dividend investing.
KNSL's Dividend Yield is slightly below the industry average, which is at 3.43.
Compared to an average S&P500 Dividend Yield of 2.38, KNSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
5.2 History
On average, the dividend of KNSL grows each year by 13.48%, which is quite nice.
KNSL has paid a dividend for at least 10 years, which is a reliable track record.
As KNSL did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)13.48%
Div Incr Years8
Div Non Decr Years8
5.3 Sustainability
KNSL pays out 1.56% of its income as dividend. This is a sustainable payout ratio.
KNSL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP1.56%
EPS Next 2Y14.42%
EPS Next 3Y12.7%
427.32
-3.34 (-0.78%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners90.32%
Inst Owner Change-3.22%
Ins Owners5.29%
Ins Owner Change-0.57%
Market Cap9.96B
Analysts71.58
Price Target514.08 (20.3%)
Short Float %7.49%
Short Ratio8.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
Yearly Dividend0.6
Dividend Growth(5Y)13.48%
DP1.56%
Div Incr Years8
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.21%
Min EPS beat(2)6.2%
Max EPS beat(2)12.22%
EPS beat(4)4
Avg EPS beat(4)9.28%
Min EPS beat(4)4.33%
Max EPS beat(4)14.39%
EPS beat(8)8
Avg EPS beat(8)8.78%
EPS beat(12)12
Avg EPS beat(12)11.24%
EPS beat(16)16
Avg EPS beat(16)14.9%
Revenue beat(2)1
Avg Revenue beat(2)1.72%
Min Revenue beat(2)-2.43%
Max Revenue beat(2)5.87%
Revenue beat(4)2
Avg Revenue beat(4)0.67%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)5.87%
Revenue beat(8)5
Avg Revenue beat(8)0.79%
Revenue beat(12)7
Avg Revenue beat(12)0.8%
Revenue beat(16)11
Avg Revenue beat(16)2.11%
PT rev (1m)-0.11%
PT rev (3m)5.19%
EPS NQ rev (1m)0.98%
EPS NQ rev (3m)2.99%
EPS NY rev (1m)3.59%
EPS NY rev (3m)3.83%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)0.88%
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)2.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.69 | ||
| Fwd PE | 20.31 | ||
| P/S | 5.97 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 5.78 | ||
| P/tB | 5.79 | ||
| EV/EBITDA | 19.23 |
EPS(TTM)17.31
EY4.05%
EPS(NY)21.04
Fwd EY4.92%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS71.58
BVpS73.93
TBVpS73.78
PEG (NY)1.51
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.04% | ||
| ROE | 25.93% | ||
| ROCE | 9.39% | ||
| ROIC | 7.55% | ||
| ROICexc | 7.75% | ||
| ROICexgc | 8.52% | ||
| OM | 31.08% | ||
| PM (TTM) | 26.78% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)7.48%
ROA(5y)7.14%
ROE(3y)25.89%
ROE(5y)22.97%
ROIC(3y)7.61%
ROIC(5y)6.78%
ROICexc(3y)7.91%
ROICexc(5y)7.09%
ROICexgc(3y)8.76%
ROICexgc(5y)7.83%
ROCE(3y)9.47%
ROCE(5y)8.43%
ROICexcg growth 3Y4.55%
ROICexcg growth 5Y9.08%
ROICexc growth 3Y4.66%
ROICexc growth 5Y9.3%
OM growth 3Y5.55%
OM growth 5Y8.21%
PM growth 3Y3.58%
PM growth 5Y5.22%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.35 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-ScoreN/A
WACC8.62%
ROIC/WACC0.88
Cap/Depr(3y)289.36%
Cap/Depr(5y)642.64%
Cap/Sales(3y)0.97%
Cap/Sales(5y)2.25%
Profit Quality(3y)284.25%
Profit Quality(5y)278.99%
High Growth Momentum
Growth
EPS 1Y (TTM)19.96%
EPS 3Y40.94%
EPS 5Y46.15%
EPS Q2Q%27.47%
EPS Next Y16.35%
EPS Next 2Y14.42%
EPS Next 3Y12.7%
EPS Next 5YN/A
Revenue 1Y (TTM)19.68%
Revenue growth 3Y34.73%
Revenue growth 5Y38.41%
Sales Q2Q%22.17%
Revenue Next Year12.92%
Revenue Next 2Y11.1%
Revenue Next 3Y12.22%
Revenue Next 5YN/A
EBIT growth 1Y18.27%
EBIT growth 3Y42.2%
EBIT growth 5Y49.77%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y11.62%
FCF growth 3Y33.41%
FCF growth 5Y43.1%
OCF growth 1Y13.55%
OCF growth 3Y33.86%
OCF growth 5Y40.49%