DB:DJ4A

Stock Analysis Report

Kingstone Companies

Executive Summary

Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York.

Snowflake

Fundamentals

Fair value with concerning outlook.

Share Price & News

How has Kingstone Companies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

DJ4A

2.9%

DE Insurance

1.4%

DE Market


1 Year Return

-50.9%

DJ4A

22.0%

DE Insurance

3.7%

DE Market

Return vs Industry: DJ4A underperformed the German Insurance industry which returned 22% over the past year.

Return vs Market: DJ4A underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

DJ4AIndustryMarket
7 Day0%2.9%1.4%
30 Day-5.6%4.1%1.3%
90 Day-0.9%3.4%3.4%
1 Year-49.4%-50.9%27.3%22.0%7.0%3.7%
3 Year-10.7%-16.8%70.6%50.0%18.5%8.3%
5 Year38.4%22.1%119.6%75.9%42.2%22.9%

Price Volatility Vs. Market

How volatile is Kingstone Companies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kingstone Companies undervalued compared to its fair value and its price relative to the market?

40.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: DJ4A (€7.6) is trading below our estimate of fair value (€12.71)

Significantly Undervalued: DJ4A is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DJ4A is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.

PE vs Market: DJ4A is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate DJ4A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DJ4A is good value based on its PB Ratio (1x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is Kingstone Companies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

190.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DJ4A is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DJ4A is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DJ4A is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DJ4A's revenue (14.4% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: DJ4A's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if DJ4A's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Kingstone Companies performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DJ4A is unprofitable, and losses have increased over the past 5 years at a rate of -8.3% per year.

Accelerating Growth: Unable to compare DJ4A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DJ4A is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (15.2%).


Return on Equity

High ROE: DJ4A has a negative Return on Equity (-3.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DJ4A is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DJ4A is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Kingstone Companies's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DJ4A has a low level of unsold assets or inventory.

Debt Coverage by Assets: DJ4A's debt is covered by short term assets (assets are 2.126960x debt).


Financial Institutions Analysis

Asset Level: DJ4A's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if DJ4A has a sufficient allowance for bad loans.

Low Risk Liabilities: DJ4A reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if DJ4A has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DJ4A has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if DJ4A has an appropriate level of bad loans.


Next Steps

Dividend

What is Kingstone Companies's current dividend yield, its reliability and sustainability?

3.00%

Current Dividend Yield


Dividend Yield vs Market

company3.0%marketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Years3.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DJ4A's dividend (3%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: DJ4A's dividend (3%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: DJ4A has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DJ4A's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: DJ4A is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Kingstone Companies's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Barry Goldstein (66yo)

0.3yrs

Tenure

US$702,171

Compensation

Mr. Barry B. Goldstein has been Executive Chairman at Kingstone Companies, Inc. since January 1, 2019 and serves as its Chief Executive Officer since July 19, 2019. He was President and Chief Executive Off ...


CEO Compensation Analysis

Compensation vs. Market: Barry has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.

Compensation vs Earnings: Barry's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.7yrs

Average Tenure

62.5yo

Average Age

Experienced Management: DJ4A's management team is considered experienced (2.7 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: DJ4A's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: DJ4A insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$43,77122 Aug 19
Barry Goldstein
EntityIndividual
Role
Chief Executive Officer
Executive Chairman of the Board & CEO
Shares5,950
Max PriceUS$7.37
BuyUS$33,33819 Aug 19
Barry Goldstein
EntityIndividual
Role
Chief Executive Officer
Executive Chairman of the Board & CEO
Shares4,500
Max PriceUS$7.44
BuyUS$10,42915 Aug 19
Barry Goldstein
EntityIndividual
Role
Chief Executive Officer
Executive Chairman of the Board & CEO
Shares1,500
Max PriceUS$6.95
BuyUS$7,14814 Aug 19
Timothy McFadden
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$7.15
BuyUS$14,93327 Jun 19
Jay Haft
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$7.47
BuyUS$14,42111 Jun 19
Floyd Tupper
EntityIndividual
Role
Member of the Board of Directors
Secretary & Director
Shares2,000
Max PriceUS$7.22
BuyUS$16,11222 May 19
Jay Haft
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$8.06
BuyUS$15,93615 May 19
Carla D'Andre
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$7.97
BuyUS$200,31815 May 19
Dale Thatcher
EntityIndividual
Shares25,000
Max PriceUS$8.01
BuyUS$16,11415 May 19
Floyd Tupper
EntityIndividual
Role
Member of the Board of Directors
Secretary & Director
Shares2,000
Max PriceUS$8.10
BuyUS$16,08614 May 19
William Yankus
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$8.05
BuyUS$8,03914 May 19
Timothy McFadden
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$8.04
BuyUS$28,38604 Dec 18
William Yankus
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$14.19
BuyUS$15,02814 Nov 18
Timothy McFadden
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$15.03

Ownership Breakdown


Management Team

  • Barry Goldstein (66yo)

    Executive Chairman of the Board & CEO

    • Tenure: 0.3yrs
    • Compensation: US$702.17k
  • Victor Brodsky (61yo)

    CFO & Treasurer

    • Tenure: 10.2yrs
    • Compensation: US$545.05k
  • Ben Walden (51yo)

    Executive VP & Chief Actuary of Kingstone Insurance Company

    • Tenure: 2.7yrs
    • Compensation: US$433.90k
  • Fred Skolnik

    Assistant Secretary

    • Tenure: 0yrs
  • Meryl Golden

    Chief Operating Officer

    • Tenure: 0.08yrs
  • Floyd Tupper (64yo)

    Secretary & Director

    • Tenure: 5.3yrs
    • Compensation: US$113.80k
  • Amanda Goldstein

    Investor Relations Director

    • Tenure: 3.8yrs
  • William O’Brien

    SVP & Chief Claims Officer

    • Tenure: 0.5yrs
  • Shannon Matty-Provvisiero

    Vice President of Marketing & Agency Relations

    • Tenure: 0yrs
  • Richard Swartz

    Controller

    • Tenure: 0yrs

Board Members

  • Barry Goldstein (66yo)

    Executive Chairman of the Board & CEO

    • Tenure: 0.3yrs
    • Compensation: US$702.17k
  • Jay Haft (84yo)

    Independent Director

    • Tenure: 30.8yrs
    • Compensation: US$102.30k
  • Carla D'Andre (63yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$102.30k
  • Bill Yankus (60yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: US$108.80k
  • Floyd Tupper (64yo)

    Secretary & Director

    • Tenure: 5.3yrs
    • Compensation: US$113.80k
  • Timothy McFadden (57yo)

    Director

    • Tenure: 0yrs
    • Compensation: US$30.80k

Company Information

Kingstone Companies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kingstone Companies, Inc.
  • Ticker: DJ4A
  • Exchange: DB
  • Founded: 1886
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$89.760m
  • Listing Market Cap: US$80.578m
  • Shares outstanding: 10.78m
  • Website: https://www.kingstonecompanies.com

Number of Employees


Location

  • Kingstone Companies, Inc.
  • 15 Joys Lane
  • Kingston
  • New York
  • 12401
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KINSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1975
DJ4ADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1975

Biography

Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company offers pers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 20:32
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.