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KINSALE CAPITAL GROUP INC (KNSL) Stock Fundamental Analysis

NYSE:KNSL - New York Stock Exchange, Inc. - US49714P1084 - Common Stock - Currency: USD

428.07  +11.23 (+2.69%)

After market: 427.01 -1.06 (-0.25%)

Fundamental Rating

5

Overall KNSL gets a fundamental rating of 5 out of 10. We evaluated KNSL against 144 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 valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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8

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.
KNSL had positive earnings in 4 of the past 5 years.
KNSL had a positive operating cash flow in 4 of the past 5 years.
KNSL Yearly Net Income VS EBIT VS OCF VS FCFKNSL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

1.2 Ratios

KNSL's Return On Assets of 8.65% is amongst the best of the industry. KNSL outperforms 95.07% of its industry peers.
Looking at the Return On Equity, with a value of 28.51%, KNSL belongs to the top of the industry, outperforming 90.85% of the companies in the same industry.
KNSL has a Return On Invested Capital of 7.93%. This is amongst the best in the industry. KNSL outperforms 90.14% 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 4.55%.
The 3 year average ROIC (7.21%) for KNSL is below the current ROIC(7.93%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.65%
ROE 28.51%
ROIC 7.93%
ROA(3y)7.16%
ROA(5y)6.6%
ROE(3y)23.84%
ROE(5y)20.49%
ROIC(3y)7.21%
ROIC(5y)6.15%
KNSL Yearly ROA, ROE, ROICKNSL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

1.3 Margins

Looking at the Profit Margin, with a value of 27.82%, KNSL belongs to the top of the industry, outperforming 94.37% of the companies in the same industry.
In the last couple of years the Profit Margin of KNSL has grown nicely.
Looking at the Operating Margin, with a value of 31.33%, KNSL belongs to the top of the industry, outperforming 92.96% of the companies in the same industry.
In the last couple of years the Operating Margin of KNSL has grown nicely.
Industry RankSector Rank
OM 31.33%
PM (TTM) 27.82%
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
KNSL Yearly Profit, Operating, Gross MarginsKNSL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KNSL is destroying value.
KNSL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
KNSL Yearly Shares OutstandingKNSL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M
KNSL Yearly Total Debt VS Total AssetsKNSL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

KNSL has a debt to FCF ratio of 0.19. This is a very positive value and a sign of high solvency as it would only need 0.19 years to pay back of all of its debts.
The Debt to FCF ratio of KNSL (0.19) is better than 93.66% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that KNSL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.13, KNSL is in the better half of the industry, outperforming 79.58% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.19
Altman-Z N/A
ROIC/WACC0.9
WACC8.81%
KNSL Yearly LT Debt VS Equity VS FCFKNSL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
KNSL Yearly Current Assets VS Current LiabilitesKNSL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 28.56% over the past year.
The Earnings Per Share has been growing by 46.15% on average over the past years. This is a very strong growth
EPS 1Y (TTM)28.56%
EPS 3Y40.94%
EPS 5Y46.15%
EPS Q2Q%19.38%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%17.36%

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 13.62% yearly.
The Revenue is expected to grow by 14.30% on average over the next years. This is quite good.
EPS Next Y12.12%
EPS Next 2Y14.91%
EPS Next 3Y13.62%
EPS Next 5YN/A
Revenue Next Year14.58%
Revenue Next 2Y14.78%
Revenue Next 3Y14.3%
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.
KNSL Yearly Revenue VS EstimatesKNSL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
KNSL Yearly EPS VS EstimatesKNSL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15 20

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 26.64, KNSL can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KNSL is valued a bit more expensive than 74.65% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.01. KNSL is around the same levels.
KNSL is valuated rather expensively with a Price/Forward Earnings ratio of 23.76.
Based on the Price/Forward Earnings ratio, KNSL is valued a bit more expensive than the industry average as 70.42% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of KNSL to the average of the S&P500 Index (22.40), we can say KNSL is valued inline with the index average.
Industry RankSector Rank
PE 26.64
Fwd PE 23.76
KNSL Price Earnings VS Forward Price EarningsKNSL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

KNSL's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as KNSL.
Industry RankSector Rank
P/FCF 10.38
EV/EBITDA 21.07
KNSL Per share dataKNSL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KNSL does not grow enough to justify the current Price/Earnings ratio.
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 13.62% in the coming years.
PEG (NY)2.2
PEG (5Y)0.58
EPS Next 2Y14.91%
EPS Next 3Y13.62%

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4

5. Dividend

5.1 Amount

KNSL has a yearly dividend return of 0.15%, which is pretty low.
KNSL's Dividend Yield is slightly below the industry average, which is at 3.16.
With a Dividend Yield of 0.15, KNSL pays less dividend than the S&P500 average, which is at 2.27.
Industry RankSector Rank
Dividend Yield 0.15%

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 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)14.92%
Div Incr Years8
Div Non Decr Years8
KNSL Yearly Dividends per shareKNSL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

3.35% of the earnings are spent on dividend by KNSL. This is a low number and sustainable payout ratio.
KNSL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP3.35%
EPS Next 2Y14.91%
EPS Next 3Y13.62%
KNSL Yearly Income VS Free CF VS DividendKNSL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M
KNSL Dividend Payout.KNSL Dividend Payout, showing the Payout Ratio.KNSL Dividend Payout.PayoutRetained Earnings

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KINSALE CAPITAL GROUP INC

NYSE:KNSL (2/27/2025, 8:04:00 PM)

After market: 427.01 -1.06 (-0.25%)

428.07

+11.23 (+2.69%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-13 2025-02-13/amc
Earnings (Next)04-23 2025-04-23/amc
Inst Owners88.01%
Inst Owner Change-0.26%
Ins Owners5.32%
Ins Owner Change-1.06%
Market Cap9.97B
Analysts71.58
Price Target497 (16.1%)
Short Float %6.16%
Short Ratio6.93
Dividend
Industry RankSector Rank
Dividend Yield 0.15%
Yearly Dividend0.56
Dividend Growth(5Y)14.92%
DP3.35%
Div Incr Years8
Div Non Decr Years8
Ex-Date02-27 2025-02-27 (0.17)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.34%
Min EPS beat(2)4.29%
Max EPS beat(2)14.39%
EPS beat(4)4
Avg EPS beat(4)8.29%
Min EPS beat(4)2.67%
Max EPS beat(4)14.39%
EPS beat(8)8
Avg EPS beat(8)11.09%
EPS beat(12)12
Avg EPS beat(12)13.13%
EPS beat(16)16
Avg EPS beat(16)19.27%
Revenue beat(2)2
Avg Revenue beat(2)1.73%
Min Revenue beat(2)1.19%
Max Revenue beat(2)2.26%
Revenue beat(4)4
Avg Revenue beat(4)2.57%
Min Revenue beat(4)1.19%
Max Revenue beat(4)3.46%
Revenue beat(8)5
Avg Revenue beat(8)0.46%
Revenue beat(12)9
Avg Revenue beat(12)1.41%
Revenue beat(16)12
Avg Revenue beat(16)1.72%
PT rev (1m)1.51%
PT rev (3m)5.04%
EPS NQ rev (1m)1.02%
EPS NQ rev (3m)1.02%
EPS NY rev (1m)0.53%
EPS NY rev (3m)1.29%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE 26.64
Fwd PE 23.76
P/S 6.78
P/FCF 10.38
P/OCF 10.23
P/B 6.95
P/tB 6.96
EV/EBITDA 21.07
EPS(TTM)16.07
EY3.75%
EPS(NY)18.02
Fwd EY4.21%
FCF(TTM)41.24
FCFY9.64%
OCF(TTM)41.86
OCFY9.78%
SpS63.15
BVpS61.61
TBVpS61.46
PEG (NY)2.2
PEG (5Y)0.58
Profitability
Industry RankSector Rank
ROA 8.65%
ROE 28.51%
ROCE 9.82%
ROIC 7.93%
ROICexc 8.13%
ROICexgc 8.95%
OM 31.33%
PM (TTM) 27.82%
GM N/A
FCFM 65.31%
ROA(3y)7.16%
ROA(5y)6.6%
ROE(3y)23.84%
ROE(5y)20.49%
ROIC(3y)7.21%
ROIC(5y)6.15%
ROICexc(3y)7.58%
ROICexc(5y)6.52%
ROICexgc(3y)8.41%
ROICexgc(5y)7.23%
ROCE(3y)8.92%
ROCE(5y)7.62%
ROICexcg growth 3Y22.61%
ROICexcg growth 5Y11.6%
ROICexc growth 3Y22.57%
ROICexc growth 5Y12.35%
OM growth 3Y18.57%
OM growth 5Y11.39%
PM growth 3Y8.45%
PM growth 5Y10.88%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.19
Debt/EBITDA 0.4
Cap/Depr 435.64%
Cap/Sales 0.97%
Interest Coverage 250
Cash Conversion 210.05%
Profit Quality 234.79%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC8.81%
ROIC/WACC0.9
Cap/Depr(3y)237.31%
Cap/Depr(5y)1135.54%
Cap/Sales(3y)0.77%
Cap/Sales(5y)3.24%
Profit Quality(3y)295.31%
Profit Quality(5y)283.22%
High Growth Momentum
Growth
EPS 1Y (TTM)28.56%
EPS 3Y40.94%
EPS 5Y46.15%
EPS Q2Q%19.38%
EPS Next Y12.12%
EPS Next 2Y14.91%
EPS Next 3Y13.62%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%17.36%
Revenue Next Year14.58%
Revenue Next 2Y14.78%
Revenue Next 3Y14.3%
Revenue Next 5YN/A
EBIT growth 1Y38.25%
EBIT growth 3Y65.75%
EBIT growth 5Y56.31%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y72.78%
FCF growth 3Y51.15%
FCF growth 5Y52.72%
OCF growth 1Y73.5%
OCF growth 3Y45.36%
OCF growth 5Y52.58%