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 expensively, but it does show have an excellent growth rating.
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 each of the past 5 years.
Each year in the past 5 years KNSL had a positive operating cash flow.
1.2 Ratios
KNSL has a Return On Assets of 8.65%. This is amongst the best in the industry. KNSL outperforms 95.71% of its industry peers.
The Return On Equity of KNSL (28.51%) is better than 90.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.93%, KNSL belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KNSL is above the industry average of 4.38%.
The 3 year average ROIC (7.21%) for KNSL is below the current ROIC(7.93%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 27.82%, KNSL belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
In the last couple of years the Profit Margin of KNSL has grown nicely.
The Operating Margin of KNSL (31.33%) is better than 92.86% of its industry peers.
KNSL's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector 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
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.
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 0.19. 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.
Looking at the Debt to FCF ratio, with a value of 0.19, KNSL belongs to the top of the industry, outperforming 93.57% of the companies in the same industry.
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 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.19 | ||
| Altman-Z | N/A |
ROIC/WACC0.87
WACC9.13%
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 36.42%, which is quite impressive.
The Earnings Per Share has been growing by 47.51% on average over the past years. This is a very strong growth
The Revenue has grown by 33.39% in the past year. This is a very strong growth!
KNSL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 40.32% yearly.
EPS 1Y (TTM)36.42%
EPS 3Y58.15%
EPS 5Y47.51%
EPS Q2Q%26.89%
Revenue 1Y (TTM)33.39%
Revenue growth 3Y39.79%
Revenue growth 5Y40.32%
Sales Q2Q%32.98%
3.2 Future
The Earnings Per Share is expected to grow by 19.14% on average over the next years. This is quite good.
KNSL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.84% yearly.
EPS Next Y27.55%
EPS Next 2Y21.25%
EPS Next 3Y19.87%
EPS Next 5Y19.14%
Revenue Next Year35.3%
Revenue Next 2Y25.61%
Revenue Next 3Y22.84%
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.
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
The Price/Earnings ratio is 30.44, which means the current valuation is very expensive for KNSL.
78.57% of the companies in the same industry are cheaper than KNSL, based on the Price/Earnings ratio.
KNSL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
KNSL is valuated quite expensively with a Price/Forward Earnings ratio of 25.38.
KNSL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. KNSL is more expensive than 74.29% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.73. KNSL is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.44 | ||
| Fwd PE | 25.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KNSL is valued a bit more expensive than the industry average as 62.14% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KNSL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.31 | ||
| EV/EBITDA | 23.56 |
4.3 Compensation for Growth
KNSL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KNSL has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KNSL's earnings are expected to grow with 19.87% in the coming years.
PEG (NY)1.1
PEG (5Y)0.64
EPS Next 2Y21.25%
EPS Next 3Y19.87%
5. Dividend
5.1 Amount
KNSL has a yearly dividend return of 0.13%, which is pretty low.
Compared to an average industry Dividend Yield of 4.35, KNSL is paying slightly less dividend.
With a Dividend Yield of 0.13, KNSL pays less dividend than the S&P500 average, which is at 2.36.
| 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.
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
5.3 Sustainability
3.35% of the earnings are spent on dividend by KNSL. This is a low number and sustainable payout ratio.
The dividend of KNSL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP3.35%
EPS Next 2Y21.25%
EPS Next 3Y19.87%
KINSALE CAPITAL GROUP INC
NYSE:KNSL (12/20/2024, 8:21:24 PM)
After market: 466.31 0 (0%)466.31
-1.17 (-0.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners88.88%
Inst Owner Change-0.59%
Ins Owners5.34%
Ins Owner Change-1.41%
Market Cap10.86B
Analysts71.11
Price Target475.19 (1.9%)
Short Float %5.54%
Short Ratio7.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.13% |
Dividend Growth(5Y)14.92%
DP3.35%
Div Incr Years8
Div Non Decr Years8
Ex-Date
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)2.49%
PT rev (3m)3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1%
EPS NY rev (1m)0.75%
EPS NY rev (3m)3.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.88%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.44 | ||
| Fwd PE | 25.38 | ||
| P/S | 7.38 | ||
| P/FCF | 11.31 | ||
| P/OCF | 11.14 | ||
| P/B | 7.57 | ||
| P/tB | 7.59 | ||
| EV/EBITDA | 23.56 |
EPS(TTM)15.32
EY3.29%
EPS(NY)18.38
Fwd EY3.94%
FCF(TTM)41.24
FCFY8.84%
OCF(TTM)41.86
OCFY8.98%
SpS63.15
BVpS61.61
TBVpS61.46
PEG (NY)1.1
PEG (5Y)0.64
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC9.13%
ROIC/WACC0.87
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)36.42%
EPS 3Y58.15%
EPS 5Y47.51%
EPS Q2Q%26.89%
EPS Next Y27.55%
EPS Next 2Y21.25%
EPS Next 3Y19.87%
EPS Next 5Y19.14%
Revenue 1Y (TTM)33.39%
Revenue growth 3Y39.79%
Revenue growth 5Y40.32%
Sales Q2Q%32.98%
Revenue Next Year35.3%
Revenue Next 2Y25.61%
Revenue Next 3Y22.84%
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%