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 140 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 expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
KNSL had positive earnings in the past year.
KNSL had a positive operating cash flow in the past year.
KNSL had positive earnings in each of the past 5 years.
In the past 5 years KNSL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.71%, KNSL belongs to the top of the industry, outperforming 97.84% of the companies in the same industry.
With an excellent Return On Equity value of 30.00%, KNSL belongs to the best of the industry, outperforming 97.12% of the companies in the same industry.
KNSL has a Return On Invested Capital of 8.26%. This is amongst the best in the industry. KNSL outperforms 92.81% 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 4.14%.
The last Return On Invested Capital (8.26%) for KNSL is above the 3 year average (7.21%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.71% | ||
| ROE | 30% | ||
| ROIC | 8.26% |
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 better Profit Margin (26.96%) than 93.53% of its industry peers.
KNSL's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 31.50%, KNSL belongs to the top of the industry, outperforming 93.53% 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 | 31.5% | ||
| PM (TTM) | 26.96% | ||
| 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.
KNSL has more shares outstanding than it did 5 years ago.
KNSL has a better debt/assets ratio than last year.
2.2 Solvency
KNSL has a debt to FCF ratio of 0.21. This is a very positive value and a sign of high solvency as it would only need 0.21 years to pay back of all of its debts.
KNSL has a Debt to FCF ratio of 0.21. This is amongst the best in the industry. KNSL outperforms 93.53% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that KNSL is not too dependend on debt financing.
The Debt to Equity ratio of KNSL (0.16) is better than 77.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 0.21 | ||
| Altman-Z | N/A |
ROIC/WACC0.92
WACC8.93%
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 57.67%, 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 40.32%.
The Revenue has been growing by 40.32% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)57.67%
EPS 3Y58.15%
EPS 5Y47.51%
EPS growth Q2Q43.44%
Revenue 1Y (TTM)40.32%
Revenue growth 3Y39.79%
Revenue growth 5Y40.32%
Revenue growth Q2Q45.09%
3.2 Future
Based on estimates for the next years, KNSL will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.14% on average per year.
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 5Y19.14%
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
A Price/Earnings ratio of 28.83 indicates a quite expensive valuation of KNSL.
KNSL's Price/Earnings ratio is a bit more expensive when compared to the industry. KNSL is more expensive than 71.22% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.60, KNSL is valued at the same level.
A Price/Forward Earnings ratio of 21.34 indicates a rather expensive valuation of KNSL.
Based on the Price/Forward Earnings ratio, KNSL is valued a bit more expensive than the industry average as 68.35% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of KNSL to the average of the S&P500 Index (20.15), we can say KNSL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.83 | ||
| Fwd PE | 21.34 |
4.2 Price Multiples
KNSL's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as KNSL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.52 | ||
| EV/EBITDA | 22.12 |
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.
A more expensive valuation may be justified as KNSL's earnings are expected to grow with 22.53% in the coming years.
PEG (NY)1.3
PEG (5Y)0.61
EPS Next 2Y21.05%
EPS Next 3Y22.53%
5. Dividend
5.1 Amount
With a yearly dividend of 0.16%, KNSL is not a good candidate for dividend investing.
The stock price of KNSL dropped by -22.59% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
KNSL's Dividend Yield is slightly below the industry average, which is at 4.26.
With a Dividend Yield of 0.16, KNSL pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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.
As KNSL did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)14.92%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
KNSL pays out 3.76% 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.
DP3.76%
EPS Next 2Y21.05%
EPS Next 3Y22.53%
KINSALE CAPITAL GROUP INC
NYSE:KNSL (5/17/2024, 7:09:34 PM)
After market: 390.92 0 (0%)390.92
+7.05 (+1.84%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.10B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
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Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.83 | ||
| Fwd PE | 21.34 | ||
| 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)1.3
PEG (5Y)0.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.71% | ||
| ROE | 30% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.5% | ||
| PM (TTM) | 26.96% | ||
| 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 | 0.16 | ||
| 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)57.67%
EPS 3Y58.15%
EPS 5Y
EPS growth Q2Q
EPS Next Y22.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)40.32%
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