KINSALE CAPITAL GROUP INC (KNSL) Stock Fundamental Analysis
USA - NYSE:KNSL - US49714P1084 - Common Stock
430.66 USD
+2.36 (+0.55%)
430.66 USD
0 (0%)
Taking everything into account, KNSL scores 5 out of 10 in our fundamental rating. KNSL was compared to 146 industry peers in the Insurance industry. KNSL has an excellent profitability rating, but there are concerns on its financial health. KNSL shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year KNSL was profitable.
In the past 5 years KNSL has always been profitable.
KNSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 8.04%, KNSL belongs to the best of the industry, outperforming 94.52% of the companies in the same industry.
KNSL has a better Return On Equity (25.93%) than 92.47% of its industry peers.
KNSL has a Return On Invested Capital of 7.55%. This is amongst the best in the industry. KNSL outperforms 89.73% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KNSL is above the industry average of 4.47%.
| 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
KNSL's Profit Margin of 26.78% is amongst the best of the industry. KNSL outperforms 97.95% of its industry peers.
KNSL's Profit Margin has improved in the last couple of years.
KNSL has a Operating Margin of 31.08%. This is amongst the best in the industry. KNSL outperforms 97.95% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KNSL is destroying value.
KNSL has more shares outstanding than it did 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
A Debt/Equity ratio of 0.11 indicates that KNSL is not too dependend on debt financing.
KNSL's Debt to Equity ratio of 0.11 is fine compared to the rest of the industry. KNSL outperforms 76.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.88
WACC8.6%
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.
The Earnings Per Share has been growing by 46.15% on average over the past years. This is a very strong growth
Looking at the last year, KNSL shows a quite strong growth in Revenue. The Revenue has grown by 19.68% in the last year.
The Revenue has been growing by 38.41% on average over the past years. This is a very strong growth!
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 12.70% on average over the next years. This is quite good.
KNSL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.22% yearly.
EPS Next Y16.35%
EPS Next 2Y14.42%
EPS Next 3Y12.7%
EPS Next 5YN/A
Revenue Next Year12.92%
Revenue Next 2Y11.1%
Revenue Next 3Y12.22%
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
Based on the Price/Earnings ratio of 24.88, the valuation of KNSL can be described as rather expensive.
Based on the Price/Earnings ratio, KNSL is valued a bit more expensive than 76.03% of the companies in the same industry.
KNSL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.20.
The Price/Forward Earnings ratio is 20.47, which indicates a rather expensive current valuation of KNSL.
Based on the Price/Forward Earnings ratio, KNSL is valued a bit more expensive than the industry average as 71.23% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, KNSL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.88 | ||
| Fwd PE | 20.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KNSL is valued a bit more expensive than the industry average as 63.70% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.13 |
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 decent profitability rating of KNSL may justify a higher PE ratio.
KNSL's earnings are expected to grow with 12.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.52
PEG (5Y)0.54
EPS Next 2Y14.42%
EPS Next 3Y12.7%
5. Dividend
5.1 Amount
KNSL has a yearly dividend return of 0.16%, which is pretty low.
Compared to an average industry Dividend Yield of 3.43, KNSL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.38, KNSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
5.2 History
The dividend of KNSL is nicely growing with an annual growth rate of 13.48%!
KNSL has been paying a dividend for at least 10 years, so it has a reliable track record.
KNSL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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 slower than its dividend. This means the dividend growth is not sustainable.
DP1.56%
EPS Next 2Y14.42%
EPS Next 3Y12.7%
430.66
+2.36 (+0.55%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners90.32%
Inst Owner Change-3.22%
Ins Owners5.29%
Ins Owner Change-0.57%
Market Cap10.03B
Analysts71.58
Price Target514.08 (19.37%)
Short Float %7.49%
Short Ratio8.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.16% |
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)-0.11%
PT rev (3m)5.19%
EPS NQ rev (1m)0.98%
EPS NQ rev (3m)2.99%
EPS NY rev (1m)3.59%
EPS NY rev (3m)3.83%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)0.88%
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)2.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.88 | ||
| Fwd PE | 20.47 | ||
| P/S | 6.02 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 5.83 | ||
| P/tB | 5.84 | ||
| EV/EBITDA | 19.13 |
EPS(TTM)17.31
EY4.02%
EPS(NY)21.04
Fwd EY4.89%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS71.58
BVpS73.93
TBVpS73.78
PEG (NY)1.52
PEG (5Y)0.54
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
WACC8.6%
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 Y16.35%
EPS Next 2Y14.42%
EPS Next 3Y12.7%
EPS Next 5YN/A
Revenue 1Y (TTM)19.68%
Revenue growth 3Y34.73%
Revenue growth 5Y38.41%
Sales Q2Q%22.17%
Revenue Next Year12.92%
Revenue Next 2Y11.1%
Revenue Next 3Y12.22%
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%