KINSALE CAPITAL GROUP INC (KNSL) Stock Fundamental Analysis
USA - NYSE:KNSL - US49714P1084 - Common Stock
472.16 USD
+2.23 (+0.47%)
472.16 USD
0 (0%)
Overall KNSL gets a fundamental rating of 5 out of 10. We evaluated KNSL against 145 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.
KNSL had positive earnings in each of the past 5 years.
Each year in the past 5 years KNSL had a positive operating cash flow.
1.2 Ratios
KNSL's Return On Assets of 8.04% is amongst the best of the industry. KNSL outperforms 95.17% of its industry peers.
Looking at the Return On Equity, with a value of 25.93%, KNSL belongs to the top of the industry, outperforming 92.41% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.55%, KNSL belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KNSL is above the industry average of 4.40%.
| 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
The Profit Margin of KNSL (26.78%) is better than 97.93% of its industry peers.
In the last couple of years the Profit Margin of KNSL has grown nicely.
With an excellent Operating Margin value of 31.08%, KNSL belongs to the best of the industry, outperforming 97.93% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KNSL is destroying value.
Compared to 1 year ago, KNSL has more shares outstanding
Compared to 5 years ago, KNSL has more shares outstanding
KNSL has a better debt/assets ratio than last year.
2.2 Solvency
KNSL has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
KNSL has a better Debt to Equity ratio (0.11) than 75.86% 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
The Earnings Per Share is expected to grow by 13.56% on average over the next years. This is quite good.
Based on estimates for the next years, KNSL will show a quite strong growth in Revenue. The Revenue will grow by 12.14% on average per year.
EPS Next Y16.66%
EPS Next 2Y14.87%
EPS Next 3Y13.56%
EPS Next 5YN/A
Revenue Next Year12.73%
Revenue Next 2Y11.16%
Revenue Next 3Y12.14%
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
The Price/Earnings ratio is 27.28, which means the current valuation is very expensive for KNSL.
Compared to the rest of the industry, the Price/Earnings ratio of KNSL indicates a slightly more expensive valuation: KNSL is more expensive than 77.93% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.35, KNSL is valued at the same level.
KNSL is valuated rather expensively with a Price/Forward Earnings ratio of 22.27.
Based on the Price/Forward Earnings ratio, KNSL is valued a bit more expensive than the industry average as 74.48% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, KNSL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.28 | ||
| Fwd PE | 22.27 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KNSL indicates a slightly more expensive valuation: KNSL is more expensive than 68.28% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.98 |
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.
A more expensive valuation may be justified as KNSL's earnings are expected to grow with 13.56% in the coming years.
PEG (NY)1.64
PEG (5Y)0.59
EPS Next 2Y14.87%
EPS Next 3Y13.56%
5. Dividend
5.1 Amount
KNSL has a yearly dividend return of 0.14%, which is pretty low.
KNSL's Dividend Yield is slightly below the industry average, which is at 3.54.
With a Dividend Yield of 0.14, KNSL pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.14% |
5.2 History
On average, the dividend of KNSL grows each year by 13.48%, which is quite nice.
KNSL has been paying a dividend for at least 10 years, so it has 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 around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP1.56%
EPS Next 2Y14.87%
EPS Next 3Y13.56%
472.16
+2.23 (+0.47%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners88.68%
Inst Owner Change-0.02%
Ins Owners5.29%
Ins Owner Change-0.57%
Market Cap11.00B
Analysts72.22
Price Target514.08 (8.88%)
Short Float %6.71%
Short Ratio7.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.14% |
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%
PT rev (3m)5.19%
EPS NQ rev (1m)0.4%
EPS NQ rev (3m)2.19%
EPS NY rev (1m)0.26%
EPS NY rev (3m)3.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)2.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.28 | ||
| Fwd PE | 22.27 | ||
| P/S | 6.6 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 6.39 | ||
| P/tB | 6.4 | ||
| EV/EBITDA | 20.98 |
EPS(TTM)17.31
EY3.67%
EPS(NY)21.2
Fwd EY4.49%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS71.58
BVpS73.93
TBVpS73.78
PEG (NY)1.64
PEG (5Y)0.59
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 Y16.66%
EPS Next 2Y14.87%
EPS Next 3Y13.56%
EPS Next 5YN/A
Revenue 1Y (TTM)19.68%
Revenue growth 3Y34.73%
Revenue growth 5Y38.41%
Sales Q2Q%22.17%
Revenue Next Year12.73%
Revenue Next 2Y11.16%
Revenue Next 3Y12.14%
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%