Kingstone Companies Valuation

Is KINS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KINS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate KINS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate KINS's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KINS?

Key metric: As KINS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KINS. This is calculated by dividing KINS's market cap by their current earnings.
What is KINS's PE Ratio?
PE Ratio	12.4x
Earnings	US$15.87m
Market Cap	US$197.09m

KINS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	6.7x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does KINS's PE Ratio compare to its peers?

The above table shows the PE ratio for KINS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	14.6x
JRVR James River Group Holdings	18.6x	93.4%	US$175.9m
HRTG Heritage Insurance Holdings	5.1x	13.5%	US$366.5m
GBLI Global Indemnity Group	12.5x	12.7%	US$496.2m
DGIC.A Donegal Group	22.2x	23.9%	US$543.9m
KINS Kingstone Companies	12.4x	19.2%	US$197.1m

Price-To-Earnings vs Peers: KINS is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (14.6x).

Price to Earnings Ratio vs Industry

How does KINS's PE Ratio compare vs other companies in the US Insurance Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
UTGN UTG	1.9x	n/a	US$86.87m
AORE.F American Overseas Group	2.1x	n/a	US$16.44m
CUII China United Insurance Service	0.0003x	n/a	US$3.13k

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KINS is good value based on its Price-To-Earnings Ratio (12.4x) compared to the US Insurance industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is KINS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KINS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.4x
Fair PE Ratio	9x

Price-To-Earnings vs Fair Ratio: KINS is expensive based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.