NasdaqCM:KINS

Stock Analysis Report

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Market Cap

US$87.7m

Last Updated

2021/06/18 03:33 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Mediocre balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KINS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: KINS's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

KINS

-3.4%

US Insurance

-0.2%

US Market


1 Year Return

72.8%

KINS

33.3%

US Insurance

39.4%

US Market

Return vs Industry: KINS exceeded the US Insurance industry which returned 38.5% over the past year.

Return vs Market: KINS exceeded the US Market which returned 39.7% over the past year.


Shareholder returns

KINSIndustryMarket
7 Day0.7%-3.4%-0.2%
30 Day-1.4%-4.5%3.1%
90 Day2.6%3.6%5.6%
1 Year76.9%72.8%36.7%33.3%41.7%39.4%
3 Year-50.6%-54.6%33.7%23.9%59.7%49.9%
5 Year7.9%-4.9%73.0%51.3%122.6%97.6%

Long-Term 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

Valuation

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

14.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KINS's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KINS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KINS is poor value based on its PE Ratio (14.3x) compared to the US Insurance industry average (10.7x).

PE vs Market: KINS is good value based on its PE Ratio (14.3x) compared to the US market (19.6x).


Price to Earnings Growth Ratio

PEG Ratio: KINS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

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


Future Growth

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

-1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KINS's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: KINS's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: KINS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KINS's revenue (2.2% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: KINS's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Kingstone Companies performed over the past 5 years?

-44.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KINS has high quality earnings.

Growing Profit Margin: KINS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: KINS's earnings have declined by 44.4% per year over the past 5 years.

Accelerating Growth: KINS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: KINS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (51.9%).


Return on Equity

High ROE: KINS's Return on Equity (6.9%) is considered low.


Financial Health

How is Kingstone Companies's financial position?


Financial Position Analysis

Short Term Liabilities: KINS's short term assets ($70.4M) do not cover its short term liabilities ($99.0M).

Long Term Liabilities: KINS's short term assets ($70.4M) do not cover its long term liabilities ($118.9M).


Debt to Equity History and Analysis

Debt Level: KINS's debt to equity ratio (33.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if KINS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: KINS's debt is well covered by operating cash flow (21.6%).

Interest Coverage: KINS's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Dividend

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

1.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KINS's dividend (1.96%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: KINS's dividend (1.96%) is low compared to the top 25% of dividend payers in the US market (3.36%).


Stability and Growth of Payments

Stable Dividend: KINS's dividend payments have been volatile in the past 10 years.

Growing Dividend: KINS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28%), KINS's dividend payments are well covered by earnings.


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

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Barry Goldstein (67 yo)

1.92yrs

Tenure

US$1,919,109

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Barry's total compensation ($USD1.92M) is above average for companies of similar size in the US market ($USD526.90K).

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


Leadership Team

Experienced Management: KINS's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: KINS's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Kingstone Companies, Inc.
  • Ticker: KINS
  • Exchange: NasdaqCM
  • Founded: 1886
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$87.688m
  • Shares outstanding: 10.68m
  • Website: https://www.kingstonecompanies.com

Number of Employees


Location

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

Listings


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 03:33
End of Day Share Price2021/06/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.