Kingsway Financial Services Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As KFS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KFS. This is calculated by dividing KFS's market cap by their current revenue.
What is KFS's PS Ratio?
PS Ratio	2.2x
Sales	US$108.63m
Market Cap	US$244.85m

KFS 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	2.8x
Enterprise Value/EBITDA	56.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does KFS's PS Ratio compare to its peers?

The above table shows the PS ratio for KFS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.7x
NODK NI Holdings	0.8x	n/a	US$333.9m
HRTG Heritage Insurance Holdings	0.5x	7.1%	US$363.9m
JRVR James River Group Holdings	0.2x	2.5%	US$168.7m
KINS Kingstone Companies	1.3x	16.4%	US$185.5m
KFS Kingsway Financial Services	2.2x	n/a	US$244.8m

Price-To-Sales vs Peers: KFS is expensive based on its Price-To-Sales Ratio (2.2x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does KFS's PS Ratio compare vs other companies in the US Insurance Industry?

10 Companies	Price / Sales	Estimated Growth	Market Cap
GOCO GoHealth	0.2x	7.5%	US$118.12m
CCG Cheche Group	0.2x	5.8%	US$66.95m
AAME Atlantic American	0.2x	n/a	US$32.23m
HUIZ Huize Holding	0.2x	9.1%	US$30.75m

10 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: KFS is expensive based on its Price-To-Sales Ratio (2.2x) compared to the US Insurance industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

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

KFS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate KFS's Price-To-Sales Fair Ratio for valuation analysis.

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.

Discover undervalued companies

China Life Insurance

HK$796.1b

Operates as a life insurance company in the People’s Republic of China.

LFCH.Y

HK$6.21

3.0%

-30.1%

Sompo Holdings

JP¥3.8t

Provides property and casualty (P&C) insurance services in Japan and internationally.

SMPN.Y

JP¥12.74

12.5%

67.4%

Markel Group

US$22.5b

A diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany.

MKL

US$1,761.62

3.2%

22.5%