KINSALE CAPITAL GROUP INC (KNSL)
US49714P1084 - Common Stock
Taking everything into account, KNSL scores 6 out of 10 in our fundamental rating. KNSL was compared to 141 industry peers in the Insurance industry. KNSL scores excellent on profitability, but 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
In the past year KNSL was profitable.
In the past year KNSL had a positive cash flow from operations.
Each year in the past 5 years KNSL has been profitable.
In the past 5 years KNSL always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of KNSL (8.17%) is better than 96.40% of its industry peers.
Looking at the Return On Equity, with a value of 28.35%, KNSL belongs to the top of the industry, outperforming 96.40% of the companies in the same industry.
KNSL has a better Return On Invested Capital (8.18%) than 91.37% 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 4.12%.
The 3 year average ROIC (7.21%) for KNSL is below the current ROIC(8.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.17% | ||
| ROE | 28.35% | ||
| ROIC | 8.18% |
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
With an excellent Profit Margin value of 25.50%, KNSL belongs to the best of the industry, outperforming 92.81% of the companies in the same industry.
KNSL's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 31.25%, KNSL belongs to the best of the industry, outperforming 92.81% 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 | 31.25% | ||
| PM (TTM) | 25.5% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KNSL is destroying value.
The number of shares outstanding for KNSL has been increased compared to 1 year ago.
The number of shares outstanding for KNSL has been increased compared to 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 0.22. This is a very positive value and a sign of high solvency as it would only need 0.22 years to pay back of all of its debts.
KNSL has a better Debt to FCF ratio (0.22) than 94.96% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that KNSL is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.17, KNSL is doing good in the industry, outperforming 78.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.17 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | N/A |
ROIC/WACC0.89
WACC9.24%
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 60.46%, which is quite impressive.
KNSL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 47.51% yearly.
Looking at the last year, KNSL shows a very strong growth in Revenue. The Revenue has grown by 40.36%.
Measured over the past years, KNSL shows a very strong growth in Revenue. The Revenue has been growing by 40.32% on average per year.
EPS 1Y (TTM)60.46%
EPS 3Y58.15%
EPS 5Y47.51%
EPS growth Q2Q48.85%
Revenue 1Y (TTM)40.36%
Revenue growth 3Y39.79%
Revenue growth 5Y40.32%
Revenue growth Q2Q45.3%
3.2 Future
The Earnings Per Share is expected to grow by 22.53% on average over the next years. This is a very strong growth
KNSL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.85% yearly.
EPS Next Y22.21%
EPS Next 2Y21.05%
EPS Next 3Y22.53%
EPS Next 5YN/A
Revenue Next Year30.89%
Revenue Next 2Y25.84%
Revenue Next 3Y24.85%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
KNSL is valuated quite expensively with a Price/Earnings ratio of 29.97.
Compared to the rest of the industry, the Price/Earnings ratio of KNSL indicates a slightly more expensive valuation: KNSL is more expensive than 70.50% of the companies listed in the same industry.
KNSL's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.92.
Based on the Price/Forward Earnings ratio of 24.53, the valuation of KNSL can be described as rather expensive.
Based on the Price/Forward Earnings ratio, KNSL is valued a bit more expensive than the industry average as 72.66% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of KNSL to the average of the S&P500 Index (21.49), we can say KNSL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.97 | ||
| Fwd PE | 24.53 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KNSL is on the same level as its industry peers.
KNSL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.22 | ||
| EV/EBITDA | 27.84 |
4.3 Compensation for Growth
The 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 22.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.35
PEG (5Y)0.63
EPS Next 2Y21.05%
EPS Next 3Y22.53%
5. Dividend
5.1 Amount
KNSL has a yearly dividend return of 0.13%, which is pretty low.
KNSL's Dividend Yield is slightly below the industry average, which is at 4.22.
With a Dividend Yield of 0.13, KNSL pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.13% |
5.2 History
On average, the dividend of KNSL grows each year by 14.92%, which is quite nice.
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 4.20% of its income as dividend. This is a sustainable payout ratio.
KNSL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP4.2%
EPS Next 2Y21.05%
EPS Next 3Y22.53%
KINSALE CAPITAL GROUP INC
NYSE:KNSL (4/26/2024, 7:04:00 PM)
After market: 378.9 +4.26 (+1.14%)374.64
-78.45 (-17.31%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.72B
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 29.97 | ||
| Fwd PE | 24.53 | ||
| 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)1.35
PEG (5Y)0.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.17% | ||
| ROE | 28.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.25% | ||
| PM (TTM) | 25.5% | ||
| 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 | 0.17 | ||
| 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)
Growth
EPS 1Y (TTM)60.46%
EPS 3Y58.15%
EPS 5Y
EPS growth Q2Q
EPS Next Y22.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)40.36%
Revenue growth 3Y39.79%
Revenue growth 5Y
Revenue growth 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