Kingsway Financial Financials

KFS Stock  USD 9.01  0.01  0.11%   
Based on the analysis of Kingsway Financial's profitability, liquidity, and operating efficiency, Kingsway Financial Services is performing exceptionally good at the present time. It has a great chance to report excellent financial results in December. At this time, Kingsway Financial's Non Current Assets Total are comparatively stable compared to the past year. Intangible Assets is likely to gain to about 61.2 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 26.3 M in 2024. Key indicators impacting Kingsway Financial's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.521.6029
Notably Down
Slightly volatile
Current Ratio29.5131.06
Notably Down
Pretty Stable
The financial analysis of Kingsway Financial is a critical element in measuring its lifeblood. Investors should not minimize Kingsway Financial's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Cash And Equivalents

77.48 Million

  
Understanding current and past Kingsway Financial Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Kingsway Financial's financial statements are interrelated, with each one affecting the others. For example, an increase in Kingsway Financial's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Kingsway Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Kingsway Financial Services. Check Kingsway Financial's Beneish M Score to see the likelihood of Kingsway Financial's management manipulating its earnings.

Kingsway Financial Stock Summary

Kingsway Financial competes with CarGurus, KAR Auction, Driven Brands, Group 1, and Cars. Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois. Kingsway Financial is traded on New York Stock Exchange in the United States.
Specialization
Consumer Cyclical, Auto & Truck Dealerships
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS4969042021
CUSIP496904202 496904103
LocationOntario; Canada
Business Address10 S Riverside
SectorInsurance
IndustryFinancials
BenchmarkDow Jones Industrial
Websitekingsway-financial.com
Phone312 766 2138
CurrencyUSD - US Dollar

Kingsway Financial Key Financial Ratios

Kingsway Financial Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets357.3M452.5M475.6M285.7M197.7M187.8M
Retained Earnings(381.2M)(394.8M)(395.1M)(370.4M)(346.9M)(329.5M)
Other Assets20.4M55.8M55.5M130.7M42.9M40.7M
Net Receivables13.3M20.3M20.6M14.0M10.1M9.6M
Total Current Assets27.7M34.8M33.4M74.6M19.3M18.4M
Intangible Assets83.8M84.1M108.2M33.1M35.7M61.2M
Other Current Liab(47.1M)(87.9M)(89.2M)(945K)(84.0M)(88.2M)
Net Debt204.6M257.1M282.6M39.1M36.5M34.7M
Total Liab332.5M387.0M413.0M263.5M173.1M164.5M
Other Liab86.5M116.9M117.8M86.9M78.2M74.3M
Net Tangible Assets(160.8M)(207.3M)(224.2M)(56.9M)(51.2M)(53.8M)
Accounts Payable2.8M(265.4M)(93.8M)56.7M51.1M53.6M
Cash31.9M14.4M12.6M64.2M9.1M8.6M
Long Term Debt258.5M268.3M292.7M34.3M44.4M42.2M
Good Will73.9M121.1M110.2M45.5M50.4M53.9M
Other Current Assets(45.1M)(66.1M)(39.2M)(92.6M)(30.7M)(29.1M)
Common Stock470K38.1M30.8M26.6M23.9M22.7M

Kingsway Financial Key Income Statement Accounts

The reason investors look at the income statement is to determine what Kingsway Financial's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense12.3M13.7M12.3M8.1M6.3M5.9M
Total Revenue43.6M65.7M94.8M114.7M109.1M103.7M
Gross Profit36.2M63.0M87.7M90.6M82.1M78.0M
Operating Income(16.2M)(21.6M)(21.4M)37.6M954K1.0M
Ebit(11.9M)(43.3M)(81.5M)(61.4M)(286K)(300.3K)
Ebitda(9.5M)14.1M3.2M30.1M5.9M6.8M
Income Before Tax(20.4M)(6.5M)(5.8M)35.0M23.7M24.8M
Net Income(26.6M)(5.4M)1.9M24.7M23.6M24.7M
Income Tax Expense358K(1.1M)(7.6M)4.8M(1.9M)(1.8M)
Extraordinary Items(1.4M)6K4.6M(15.1M)(13.6M)(12.9M)
Minority Interest1.6M14.2M(2.2M)(1.5M)(453K)(430.4K)
Tax Provision(363K)(1.1M)(7.6M)4.8M(1.9M)(2.0M)
Interest Income747K463K2.4M715K1.1M1.3M
Net Interest Income(15.1M)(13.7M)(12.3M)(8.1M)(6.3M)(6.6M)

Kingsway Financial Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash5.8M19.3M(15.0M)47.3M(59.7M)(56.7M)
Free Cash Flow(10.1M)1.5M(6.7M)11.9M(26.4M)(27.7M)
Other Non Cash Items12.3M(6.5M)(3.6M)(59.2M)(33.7M)(35.4M)
Net Income(29.4M)(5.4M)1.9M27.9M24.0M25.2M
End Period Cash Flow49.7M44.9M29.9M77.2M17.5M16.6M
Investments(2.5M)4.0M4.5M32.2M6.5M9.0M
Net Borrowings1.4M14.3M572K1.0M1.2M1.3M
Change To Netincome(514K)(5.4M)781K(50.9M)(45.8M)(43.5M)
Change Receivables(4.5M)(438K)1.7M(7K)(8.1K)(8.5K)

Kingsway Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Kingsway Financial's current stock value. Our valuation model uses many indicators to compare Kingsway Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Kingsway Financial competition to find correlations between indicators driving Kingsway Financial's intrinsic value. More Info.
Kingsway Financial Services is currently regarded as number one stock in return on equity category among its peers. It also is currently regarded as number one stock in return on asset category among its peers . At this time, Kingsway Financial's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Kingsway Financial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Kingsway Financial Systematic Risk

Kingsway Financial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Kingsway Financial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Kingsway Financial correlated with the market. If Beta is less than 0 Kingsway Financial generally moves in the opposite direction as compared to the market. If Kingsway Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Kingsway Financial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Kingsway Financial is generally in the same direction as the market. If Beta > 1 Kingsway Financial moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Kingsway Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Kingsway Financial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Kingsway Financial growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.4)

At this time, Kingsway Financial's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Kingsway Financial November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Kingsway Financial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Kingsway Financial Services. We use our internally-developed statistical techniques to arrive at the intrinsic value of Kingsway Financial Services based on widely used predictive technical indicators. In general, we focus on analyzing Kingsway Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Kingsway Financial's daily price indicators and compare them against related drivers.

Additional Tools for Kingsway Stock Analysis

When running Kingsway Financial's price analysis, check to measure Kingsway Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kingsway Financial is operating at the current time. Most of Kingsway Financial's value examination focuses on studying past and present price action to predict the probability of Kingsway Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsway Financial's price. Additionally, you may evaluate how the addition of Kingsway Financial to your portfolios can decrease your overall portfolio volatility.