KINSALE CAPITAL GROUP INC (KNSL) Stock Fundamental Analysis
USA - NYSE:KNSL - US49714P1084 - Common Stock
394.93 USD
+5.39 (+1.38%)
394.5 USD
-0.43 (-0.11%)
We assign a fundamental rating of 6 out of 10 to KNSL. KNSL was compared to 147 industry peers in the Insurance industry. While KNSL has a great profitability rating, there are quite some 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 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
With an excellent Return On Assets value of 8.13%, KNSL belongs to the best of the industry, outperforming 94.56% of the companies in the same industry.
KNSL has a Return On Equity of 25.42%. This is amongst the best in the industry. KNSL outperforms 90.48% of its industry peers.
The Return On Invested Capital of KNSL (7.64%) is better than 91.16% of its industry peers.
KNSL had an Average Return On Invested Capital over the past 3 years of 7.61%. This is above the industry average of 4.44%.
The last Return On Invested Capital (7.64%) for KNSL is above the 3 year average (7.61%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.13% | ||
| ROE | 25.42% | ||
| ROIC | 7.64% |
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 27.18% is amongst the best of the industry. KNSL outperforms 97.28% of its industry peers.
In the last couple of years the Profit Margin of KNSL has grown nicely.
KNSL has a Operating Margin of 31.51%. This is amongst the best in the industry. KNSL outperforms 97.28% of its industry peers.
In the last couple of years the Operating Margin of KNSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.51% | ||
| PM (TTM) | 27.18% | ||
| 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
The number of shares outstanding for KNSL has been increased compared to 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.
Looking at the Debt to FCF ratio, with a value of 0.21, KNSL belongs to the top of the industry, outperforming 89.80% of the companies in the same industry.
A Debt/Equity ratio of 0.11 indicates that KNSL is not too dependend on debt financing.
The Debt to Equity ratio of KNSL (0.11) is better than 76.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.21 | ||
| Altman-Z | N/A |
ROIC/WACC0.88
WACC8.69%
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 19.58% over the past year.
Measured over the past years, KNSL shows a very strong growth in Earnings Per Share. The EPS has been growing by 46.15% on average per year.
The Revenue has grown by 18.57% in the past year. This is quite good.
The Revenue has been growing by 38.41% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)19.58%
EPS 3Y40.94%
EPS 5Y46.15%
EPS Q2Q%24.05%
Revenue 1Y (TTM)18.57%
Revenue growth 3Y34.73%
Revenue growth 5Y38.41%
Sales Q2Q%19%
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 13.06% on average per year.
Based on estimates for the next years, KNSL will show a quite strong growth in Revenue. The Revenue will grow by 10.52% on average per year.
EPS Next Y19.25%
EPS Next 2Y14.15%
EPS Next 3Y13.06%
EPS Next 5YN/A
Revenue Next Year16.36%
Revenue Next 2Y12.12%
Revenue Next 3Y10.52%
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.
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 rather expensively with a Price/Earnings ratio of 21.56.
KNSL's Price/Earnings ratio is a bit more expensive when compared to the industry. KNSL is more expensive than 74.83% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.51, KNSL is valued at the same level.
With a Price/Forward Earnings ratio of 18.86, KNSL is valued on the expensive side.
KNSL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. KNSL is more expensive than 70.75% of the companies in the same industry.
KNSL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.56 | ||
| Fwd PE | 18.86 |
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 64.63% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as KNSL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.57 | ||
| EV/EBITDA | 16.62 |
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.
A more expensive valuation may be justified as KNSL's earnings are expected to grow with 13.06% in the coming years.
PEG (NY)1.12
PEG (5Y)0.47
EPS Next 2Y14.15%
EPS Next 3Y13.06%
5. Dividend
5.1 Amount
KNSL has a yearly dividend return of 0.17%, which is pretty low.
Compared to an average industry Dividend Yield of 3.52, KNSL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, KNSL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
5.2 History
The dividend of KNSL is nicely growing with an annual growth rate of 13.48%!
KNSL has paid a dividend for at least 10 years, which is 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
3.24% 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.
DP3.24%
EPS Next 2Y14.15%
EPS Next 3Y13.06%
394.93
+5.39 (+1.38%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners88.68%
Inst Owner Change-1.15%
Ins Owners5.29%
Ins Owner Change-0.27%
Market Cap9.20B
Revenue(TTM)1.74B
Net Income(TTM)474.09M
Analysts72.22
Price Target481.1 (21.82%)
Short Float %6.43%
Short Ratio5.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.17% |
Yearly Dividend0.6
Dividend Growth(5Y)13.48%
DP3.24%
Div Incr Years8
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.06%
Min EPS beat(2)5.92%
Max EPS beat(2)6.2%
EPS beat(4)4
Avg EPS beat(4)7.17%
Min EPS beat(4)4.33%
Max EPS beat(4)12.22%
EPS beat(8)8
Avg EPS beat(8)7.73%
EPS beat(12)12
Avg EPS beat(12)9.78%
EPS beat(16)16
Avg EPS beat(16)11.64%
Revenue beat(2)2
Avg Revenue beat(2)7.55%
Min Revenue beat(2)5.87%
Max Revenue beat(2)9.22%
Revenue beat(4)2
Avg Revenue beat(4)2.41%
Min Revenue beat(4)-3.04%
Max Revenue beat(4)9.22%
Revenue beat(8)6
Avg Revenue beat(8)2.49%
Revenue beat(12)7
Avg Revenue beat(12)1.29%
Revenue beat(16)11
Avg Revenue beat(16)2.3%
PT rev (1m)-6.42%
PT rev (3m)-6.52%
EPS NQ rev (1m)-0.34%
EPS NQ rev (3m)1%
EPS NY rev (1m)2.22%
EPS NY rev (3m)6.16%
Revenue NQ rev (1m)2.26%
Revenue NQ rev (3m)2.52%
Revenue NY rev (1m)3.22%
Revenue NY rev (3m)4.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.56 | ||
| Fwd PE | 18.86 | ||
| P/S | 5.28 | ||
| P/FCF | 9.57 | ||
| P/OCF | 9.06 | ||
| P/B | 4.93 | ||
| P/tB | 4.94 | ||
| EV/EBITDA | 16.62 |
EPS(TTM)18.32
EY4.64%
EPS(NY)20.94
Fwd EY5.3%
FCF(TTM)41.26
FCFY10.45%
OCF(TTM)43.58
OCFY11.03%
SpS74.85
BVpS80.05
TBVpS79.9
PEG (NY)1.12
PEG (5Y)0.47
Graham Number181.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.13% | ||
| ROE | 25.42% | ||
| ROCE | 9.5% | ||
| ROIC | 7.64% | ||
| ROICexc | 7.87% | ||
| ROICexgc | 8.62% | ||
| OM | 31.51% | ||
| PM (TTM) | 27.18% | ||
| GM | N/A | ||
| FCFM | 55.13% |
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%
ROICexgc growth 3Y4.55%
ROICexgc 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-Score6
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.21 | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 928.46% | ||
| Cap/Sales | 3.09% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 182.83% | ||
| Profit Quality | 202.8% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC8.69%
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)19.58%
EPS 3Y40.94%
EPS 5Y46.15%
EPS Q2Q%24.05%
EPS Next Y19.25%
EPS Next 2Y14.15%
EPS Next 3Y13.06%
EPS Next 5YN/A
Revenue 1Y (TTM)18.57%
Revenue growth 3Y34.73%
Revenue growth 5Y38.41%
Sales Q2Q%19%
Revenue Next Year16.36%
Revenue Next 2Y12.12%
Revenue Next 3Y10.52%
Revenue Next 5YN/A
EBIT growth 1Y19.25%
EBIT growth 3Y42.2%
EBIT growth 5Y49.77%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y29.62%
FCF growth 3Y33.41%
FCF growth 5Y43.1%
OCF growth 1Y35.48%
OCF growth 3Y33.86%
OCF growth 5Y40.49%
KINSALE CAPITAL GROUP INC / KNSL FAQ
What is the fundamental rating for KNSL stock?
ChartMill assigns a fundamental rating of 6 / 10 to KNSL.
Can you provide the valuation status for KINSALE CAPITAL GROUP INC?
ChartMill assigns a valuation rating of 3 / 10 to KINSALE CAPITAL GROUP INC (KNSL). This can be considered as Overvalued.
What is the profitability of KNSL stock?
KINSALE CAPITAL GROUP INC (KNSL) has a profitability rating of 8 / 10.
What is the valuation of KINSALE CAPITAL GROUP INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KINSALE CAPITAL GROUP INC (KNSL) is 21.56 and the Price/Book (PB) ratio is 4.93.
How financially healthy is KINSALE CAPITAL GROUP INC?
The financial health rating of KINSALE CAPITAL GROUP INC (KNSL) is 3 / 10.