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KNSL

Kinsale Capital Group NYSE:KNSL Stock Report

Last Price

US$254.18

Market Cap

US$5.8b

7D

4.5%

1Y

37.2%

Updated

06 Aug, 2022

Data

Company Financials +
KNSL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance4/6
Financial Health3/6
Dividends0/6

KNSL Stock Overview

Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States.

Rewards

Earnings are forecast to grow 25.7% per year

Earnings grew by 19.1% over the past year

Risk Analysis

No risks detected for KNSL from our risk checks.

Kinsale Capital Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kinsale Capital Group
Historical stock prices
Current Share PriceUS$254.18
52 Week HighUS$254.91
52 Week LowUS$157.81
Beta0.86
1 Month Change10.21%
3 Month Change20.61%
1 Year Change37.23%
3 Year Change171.68%
5 Year Change553.08%
Change since IPO1,285.18%

Recent News & Updates

Shareholder Returns

KNSLUS InsuranceUS Market
7D4.5%-0.4%1.0%
1Y37.2%-0.2%-12.9%

Return vs Industry: KNSL exceeded the US Insurance industry which returned -0.2% over the past year.

Return vs Market: KNSL exceeded the US Market which returned -12.8% over the past year.

Price Volatility

Is KNSL's price volatile compared to industry and market?
KNSL volatility
KNSL Average Weekly Movement5.4%
Insurance Industry Average Movement4.9%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: KNSL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KNSL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009370Michael Kehoehttps://www.kinsalecapitalgroup.com

Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. The company’s commercial lines offerings include construction, small business, excess and general casualty, commercial property, allied health, life sciences, energy, environmental, health care, inland marine, public entity, and commercial insurance, as well as product, professional, and management liability insurance. It markets and sells its insurance products in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, and the U.S.

Kinsale Capital Group Fundamentals Summary

How do Kinsale Capital Group's earnings and revenue compare to its market cap?
KNSL fundamental statistics
Market CapUS$5.82b
Earnings (TTM)US$143.83m
Revenue (TTM)US$707.76m

40.5x

P/E Ratio

8.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KNSL income statement (TTM)
RevenueUS$707.76m
Cost of RevenueUS$560.37m
Gross ProfitUS$147.39m
Other ExpensesUS$3.57m
EarningsUS$143.83m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.28
Gross Margin20.83%
Net Profit Margin20.32%
Debt/Equity Ratio6.7%

How did KNSL perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

8%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KNSL 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/Revenue8.1x
Enterprise Value/EBITDA32x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

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

KNSL PE Ratio vs Peers
The above table shows the PE ratio for KNSL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.1x
FAF First American Financial
6.3x2.5%US$5.8b
ORI Old Republic International
6.9x-6.1%US$6.8b
RLI RLI
29.1x16.7%US$4.9b
FNF Fidelity National Financial
5.2x-7.9%US$10.7b
KNSL Kinsale Capital Group
40.5x25.7%US$5.8b

Price-To-Earnings vs Peers: KNSL is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the peer average (15.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KNSL is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the US Insurance industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is KNSL'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.

KNSL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.5x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: KNSL is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).


Share Price vs Fair Value

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

Below Fair Value: KNSL ($254.18) is trading above our estimate of fair value ($232.16)

Significantly Below Fair Value: KNSL is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Kinsale Capital Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KNSL's forecast earnings growth (25.7% per year) is above the savings rate (1.9%).

Earnings vs Market: KNSL's earnings (25.7% per year) are forecast to grow faster than the US market (12.8% per year).

High Growth Earnings: KNSL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KNSL's revenue (22.6% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: KNSL's revenue (22.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KNSL's Return on Equity is forecast to be high in 3 years time (23.8%)


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Past Performance

How has Kinsale Capital Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


36.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KNSL has high quality earnings.

Growing Profit Margin: KNSL's current net profit margins (20.3%) are lower than last year (21.8%).


Past Earnings Growth Analysis

Earnings Trend: KNSL's earnings have grown significantly by 36.6% per year over the past 5 years.

Accelerating Growth: KNSL's earnings growth over the past year (19.1%) is below its 5-year average (36.6% per year).

Earnings vs Industry: KNSL earnings growth over the past year (19.1%) exceeded the Insurance industry -24%.


Return on Equity

High ROE: KNSL's Return on Equity (22.7%) is considered high.


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Financial Health

How is Kinsale Capital Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KNSL's short term assets ($373.5M) do not cover its short term liabilities ($1.5B).

Long Term Liabilities: KNSL's short term assets ($373.5M) exceed its long term liabilities ($42.9M).


Debt to Equity History and Analysis

Debt Level: KNSL has more cash than its total debt.

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

Debt Coverage: KNSL's debt is well covered by operating cash flow (1147.7%).

Interest Coverage: Insufficient data to determine if KNSL's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Kinsale Capital Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KNSL's dividend (0.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: KNSL's dividend (0.2%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

Stable Dividend: KNSL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: KNSL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: KNSL is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: KNSL is not paying a notable dividend for the US market.


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Management

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

4.3yrs

Average management tenure


CEO

Michael Kehoe (56 yo)

13.17yrs

Tenure

US$3,028,861

Compensation

Mr. Michael Patrick Kehoe founded Kinsale Capital Group, Inc. in June 2009 and has been its Chief Executive Officer and President since June 2009. Mr. Kehoe has been Chief Executive Officer, President and...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD3.03M) is below average for companies of similar size in the US market ($USD8.35M).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: KNSL's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: KNSL's board of directors are considered experienced (7.1 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

Kinsale Capital Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kinsale Capital Group, Inc.
  • Ticker: KNSL
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$5.822b
  • Shares outstanding: 22.90m
  • Website: https://www.kinsalecapitalgroup.com

Number of Employees


Location

  • Kinsale Capital Group, Inc.
  • 2035 Maywill Street
  • Suite 100
  • Richmond
  • Virginia
  • 23230
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.