KINSALE CAPITAL GROUP INC (KNSL)
US49714P1084 - Common Stock
Overall KNSL gets a fundamental rating of 6 out of 10. We evaluated KNSL against 140 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 shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
KNSL had positive earnings in the past year.
In the past year KNSL had a positive cash flow from operations.
In the past 5 years KNSL has always 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 8.65%, KNSL belongs to the best of the industry, outperforming 98.56% of the companies in the same industry.
KNSL has a Return On Equity of 28.51%. This is amongst the best in the industry. KNSL outperforms 92.09% of its industry peers.
With an excellent Return On Invested Capital value of 7.93%, KNSL belongs to the best of the industry, outperforming 91.37% of the companies in the same industry.
KNSL had an Average Return On Invested Capital over the past 3 years of 7.21%. This is above the industry average of 4.27%.
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
The Profit Margin of KNSL (27.82%) is better than 94.24% of its industry peers.
In the last couple of years the Profit Margin of KNSL has grown nicely.
KNSL's Operating Margin of 31.33% is amongst the best of the industry. KNSL outperforms 93.53% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
The debt/assets ratio for KNSL has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of KNSL is 0.19, which is an excellent value as it means it would take KNSL, only 0.19 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KNSL (0.19) is better than 93.53% of its industry peers.
A Debt/Equity ratio of 0.13 indicates that KNSL is not too dependend on debt financing.
KNSL has a better Debt to Equity ratio (0.13) than 77.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.19 | ||
| Altman-Z | N/A |
ROIC/WACC0.88
WACC8.98%
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 impressive 36.42% over the past year.
KNSL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 47.51% yearly.
The Revenue has grown by 33.39% in the past year. This is a very strong growth!
Measured over the past years, KNSL shows a very strong growth in Revenue. The Revenue has been growing by 40.32% on average per year.
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.
The Revenue is expected to grow by 22.84% on average over the next years. This is a very strong growth
EPS Next Y26.6%
EPS Next 2Y21.04%
EPS Next 3Y20.23%
EPS Next 5Y19.14%
Revenue Next Year35.14%
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
With a Price/Earnings ratio of 31.98, KNSL can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KNSL is valued a bit more expensive than the industry average as 74.82% of the companies are valued more cheaply.
KNSL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.96.
A Price/Forward Earnings ratio of 26.75 indicates a quite expensive valuation of KNSL.
72.66% of the companies in the same industry are cheaper than KNSL, based on the Price/Forward Earnings ratio.
KNSL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.98 | ||
| Fwd PE | 26.75 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KNSL is valued a bit more expensive than 61.87% of the companies in the same industry.
KNSL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.88 | ||
| EV/EBITDA | 24.16 |
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.
KNSL's earnings are expected to grow with 20.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.2
PEG (5Y)0.67
EPS Next 2Y21.04%
EPS Next 3Y20.23%
5. Dividend
5.1 Amount
KNSL has a yearly dividend return of 0.13%, which is pretty low.
KNSL's Dividend Yield is slightly below the industry average, which is at 4.25.
With a Dividend Yield of 0.13, KNSL pays less dividend than the S&P500 average, which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.13% |
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
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 more than its dividend. This makes the dividend growth sustainable.
DP3.35%
EPS Next 2Y21.04%
EPS Next 3Y20.23%
KINSALE CAPITAL GROUP INC
NYSE:KNSL (11/21/2024, 8:04:00 PM)
After market: 485.02 -4.9 (-1%)489.92
+11.63 (+2.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.41B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.13% |
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(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.98 | ||
| Fwd PE | 26.75 | ||
| 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)1.2
PEG (5Y)0.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.65% | ||
| ROE | 28.51% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.33% | ||
| PM (TTM) | 27.82% | ||
| 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 Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)36.42%
EPS 3Y58.15%
EPS 5Y
EPS Q2Q%
EPS Next Y26.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)33.39%
Revenue growth 3Y39.79%
Revenue growth 5Y
Sales 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