KINSALE CAPITAL GROUP INC (KNSL)
US49714P1084 - Common Stock
Overall KNSL gets a fundamental rating of 6 out of 10. We evaluated KNSL against 141 industry peers in the Insurance industry. While KNSL belongs to the best of the industry regarding profitability, there are 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 year KNSL had a positive cash flow from operations.
Each year in the past 5 years KNSL has been profitable.
Each year in the past 5 years KNSL had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.44%, KNSL belongs to the top of the industry, outperforming 99.29% of the companies in the same industry.
KNSL has a Return On Equity of 29.51%. This is amongst the best in the industry. KNSL outperforms 95.71% of its industry peers.
KNSL has a better Return On Invested Capital (8.11%) than 93.57% of its industry peers.
KNSL had an Average Return On Invested Capital over the past 3 years of 7.21%. This is above the industry average of 3.96%.
The last Return On Invested Capital (8.11%) for KNSL is above the 3 year average (7.21%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.44% | ||
| ROE | 29.51% | ||
| ROIC | 8.11% |
ROA(3y)7.16%
ROA(5y)6.6%
ROE(3y)23.84%
ROE(5y)20.49%
ROIC(3y)7.21%
ROIC(5y)6.15%
1.3 Margins
KNSL has a Profit Margin of 26.62%. This is amongst the best in the industry. KNSL outperforms 94.29% of its industry peers.
In the last couple of years the Profit Margin of KNSL has grown nicely.
KNSL has a Operating Margin of 31.45%. This is amongst the best in the industry. KNSL outperforms 92.14% of its industry peers.
In the last couple of years the Operating Margin of KNSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.45% | ||
| PM (TTM) | 26.62% | ||
| GM | N/A |
OM growth 3Y18.57%
OM growth 5Y11.39%
PM growth 3Y8.45%
PM growth 5Y10.88%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
KNSL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for KNSL has been increased compared to 1 year ago.
KNSL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for KNSL has been reduced compared to a year ago.
2.2 Solvency
KNSL has a debt to FCF ratio of 0.20. This is a very positive value and a sign of high solvency as it would only need 0.20 years to pay back of all of its debts.
KNSL has a Debt to FCF ratio of 0.20. This is amongst the best in the industry. KNSL outperforms 94.29% of its industry peers.
KNSL has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.15, KNSL is doing good in the industry, outperforming 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 0.2 | ||
| Altman-Z | N/A |
ROIC/WACC0.98
WACC8.25%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
KNSL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.94%, which is quite impressive.
The Earnings Per Share has been growing by 47.51% on average over the past years. This is a very strong growth
Looking at the last year, KNSL shows a very strong growth in Revenue. The Revenue has grown by 37.85%.
KNSL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 40.32% yearly.
EPS 1Y (TTM)50.94%
EPS 3Y58.15%
EPS 5Y47.51%
EPS Q2Q%30.21%
Revenue 1Y (TTM)37.85%
Revenue growth 3Y39.79%
Revenue growth 5Y40.32%
Sales Q2Q%30.02%
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 19.14% yearly.
KNSL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.06% yearly.
EPS Next Y23.25%
EPS Next 2Y20.23%
EPS Next 3Y19.64%
EPS Next 5Y19.14%
Revenue Next Year34.14%
Revenue Next 2Y26.41%
Revenue Next 3Y23.06%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 32.19, KNSL can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of KNSL indicates a slightly more expensive valuation: KNSL is more expensive than 74.29% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 30.52. KNSL is around the same levels.
Based on the Price/Forward Earnings ratio of 25.71, the valuation of KNSL can be described as expensive.
KNSL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. KNSL is more expensive than 75.00% of the companies in the same industry.
KNSL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.19 | ||
| Fwd PE | 25.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KNSL is valued a bit more expensive than the industry average as 62.14% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as KNSL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.81 | ||
| EV/EBITDA | 24.15 |
4.3 Compensation for Growth
KNSL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of KNSL may justify a higher PE ratio.
KNSL's earnings are expected to grow with 19.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.38
PEG (5Y)0.68
EPS Next 2Y20.23%
EPS Next 3Y19.64%
5. Dividend
5.1 Amount
With a yearly dividend of 0.13%, KNSL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.25, KNSL is paying slightly less dividend.
With a Dividend Yield of 0.13, KNSL pays less dividend than the S&P500 average, which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.13% |
5.2 History
The dividend of KNSL is nicely growing with an annual growth rate of 14.92%!
KNSL has been paying a dividend for over 5 years, so it has already some track record.
KNSL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)14.92%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
KNSL pays out 3.62% of its income as dividend. This is a sustainable payout ratio.
The dividend of KNSL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP3.62%
EPS Next 2Y20.23%
EPS Next 3Y19.64%
KINSALE CAPITAL GROUP INC
NYSE:KNSL (9/13/2024, 8:25:43 PM)
After market: 464.53 0 (0%)464.53
+7.32 (+1.6%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.82B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.13% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.19 | ||
| Fwd PE | 25.71 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.38
PEG (5Y)0.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.44% | ||
| ROE | 29.51% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.45% | ||
| PM (TTM) | 26.62% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)50.94%
EPS 3Y58.15%
EPS 5Y
EPS Q2Q%
EPS Next Y23.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)37.85%
Revenue growth 3Y39.79%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y