Kingsway Income Quality vs Roic Analysis

KFS Stock

USD 8.98 0.03 0.33%

Kingsway Financial financial indicator trend analysis is infinitely more than just investigating Kingsway Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kingsway Financial is a good investment. Please check the relationship between Kingsway Financial Income Quality and its Roic accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsway Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Income Quality vs Roic

Income Quality vs Roic Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kingsway Financial Income Quality account and Roic. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Kingsway Financial's Income Quality and Roic is -0.16. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Roic in the same time period over historical financial statements of Kingsway Financial Services, assuming nothing else is changed. The correlation between historical values of Kingsway Financial's Income Quality and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Kingsway Financial Services are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Income Quality i.e., Kingsway Financial's Income Quality and Roic go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Roic

Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.

Most indicators from Kingsway Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kingsway Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kingsway Financial Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

At this time, Kingsway Financial's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 44.68 in 2024, whereas Tax Provision is likely to drop (2 M) in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	87.7M	90.6M	82.1M	78.0M
Total Revenue	94.8M	114.7M	109.1M	103.7M

Gross Profit Total Revenue

Kingsway Financial fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Net Debt	Total Liab	Short Term Debt	Other Liab	Net Tangible Assets	Accounts Payable	Cash	Long Term Debt	Good Will	Common Stock Total Equity	Retained Earnings Total Equity
Total Assets		0.08	0.76	-0.53	0.67	0.03	0.16	0.33	0.35	0.25	0.26	0.83	0.67	0.14	-0.21	0.51	0.98	0.24	0.56	-0.62	-0.51	0.1	0.69	0.41	0.36	-0.4
Total Stockholder Equity	0.08		-0.31	0.41	-0.32	-0.58	0.75	0.65	-0.47	-0.37	0.73	-0.3	-0.47	0.52	-0.12	-0.54	-0.08	-0.39	-0.43	0.61	0.3	0.63	-0.42	-0.68	-0.44	0.66
Property Plant And Equipment Net	0.76	-0.31		-0.44	0.77	0.41	-0.45	-0.24	0.44	0.24	-0.36	0.87	0.91	-0.24	0.13	0.88	0.83	0.29	0.38	-0.86	-0.49	-0.45	0.98	0.79	0.45	-0.44
Retained Earnings	-0.53	0.41	-0.44		-0.48	-0.01	0.24	0.14	-0.82	-0.59	0.11	-0.65	-0.49	0.09	0.33	-0.41	-0.58	-0.12	-0.87	0.6	0.3	0.18	-0.37	-0.39	-0.73	0.91
Non Current Assets Total	0.67	-0.32	0.77	-0.48		0.05	-0.32	-0.2	0.48	0.55	-0.28	0.79	0.54	-0.56	-0.45	0.51	0.7	0.43	0.53	-0.81	-0.57	-0.41	0.76	0.77	0.46	-0.47
Non Currrent Assets Other	0.03	-0.58	0.41	-0.01	0.05		-0.53	-0.4	0.04	-0.14	-0.43	0.19	0.62	-0.01	0.62	0.63	0.14	0.37	-0.01	-0.5	-0.35	-0.3	0.54	0.48	-0.06	-0.13
Other Assets	0.16	0.75	-0.45	0.24	-0.32	-0.53		0.83	-0.38	-0.15	0.92	-0.34	-0.5	0.63	-0.36	-0.66	0.02	-0.19	-0.07	0.61	0.15	0.87	-0.51	-0.71	-0.29	0.37
Net Receivables	0.33	0.65	-0.24	0.14	-0.2	-0.4	0.83		-0.46	-0.1	0.93	-0.07	-0.27	0.64	-0.3	-0.49	0.21	-0.08	0.04	0.44	0.01	0.87	-0.28	-0.63	-0.34	0.25
Common Stock Shares Outstanding	0.35	-0.47	0.44	-0.82	0.48	0.04	-0.38	-0.46		0.68	-0.37	0.45	0.44	-0.26	-0.23	0.46	0.42	0.05	0.63	-0.58	-0.16	-0.42	0.36	0.52	0.83	-0.79
Other Stockholder Equity	0.25	-0.37	0.24	-0.59	0.55	-0.14	-0.15	-0.1	0.68		-0.07	0.28	0.13	-0.27	-0.66	0.04	0.31	0.18	0.62	-0.34	-0.15	-0.09	0.17	0.28	0.54	-0.65
Total Current Assets	0.26	0.73	-0.36	0.11	-0.28	-0.43	0.92	0.93	-0.37	-0.07		-0.2	-0.38	0.73	-0.34	-0.6	0.13	-0.17	0.0	0.51	0.11	0.96	-0.43	-0.71	-0.37	0.29
Intangible Assets	0.83	-0.3	0.87	-0.65	0.79	0.19	-0.34	-0.07	0.45	0.28	-0.2		0.81	-0.21	-0.1	0.74	0.88	0.23	0.58	-0.86	-0.46	-0.32	0.84	0.7	0.47	-0.6
Short Long Term Debt Total	0.67	-0.47	0.91	-0.49	0.54	0.62	-0.5	-0.27	0.44	0.13	-0.38	0.81		-0.09	0.36	0.95	0.76	0.28	0.43	-0.85	-0.45	-0.43	0.92	0.74	0.42	-0.52
Other Current Liab	0.14	0.52	-0.24	0.09	-0.56	-0.01	0.63	0.64	-0.26	-0.27	0.73	-0.21	-0.09		0.23	-0.26	0.1	-0.43	-0.16	0.46	0.35	0.8	-0.31	-0.65	-0.25	0.19
Total Current Liabilities	-0.21	-0.12	0.13	0.33	-0.45	0.62	-0.36	-0.3	-0.23	-0.66	-0.34	-0.1	0.36	0.23		0.47	-0.14	-0.1	-0.48	-0.02	0.11	-0.26	0.19	0.1	-0.24	0.28
Net Debt	0.51	-0.54	0.88	-0.41	0.51	0.63	-0.66	-0.49	0.46	0.04	-0.6	0.74	0.95	-0.26	0.47		0.62	0.28	0.29	-0.85	-0.43	-0.64	0.9	0.84	0.45	-0.46
Total Liab	0.98	-0.08	0.83	-0.58	0.7	0.14	0.02	0.21	0.42	0.31	0.13	0.88	0.76	0.1	-0.14	0.62		0.23	0.59	-0.7	-0.48	0.01	0.77	0.52	0.44	-0.52
Short Term Debt	0.24	-0.39	0.29	-0.12	0.43	0.37	-0.19	-0.08	0.05	0.18	-0.17	0.23	0.28	-0.43	-0.1	0.28	0.23		0.38	-0.47	-0.93	-0.25	0.39	0.52	0.03	-0.17
Other Liab	0.56	-0.43	0.38	-0.87	0.53	-0.01	-0.07	0.04	0.63	0.62	0.0	0.58	0.43	-0.16	-0.48	0.29	0.59	0.38		-0.53	-0.51	-0.08	0.35	0.36	0.67	-0.87
Net Tangible Assets	-0.62	0.61	-0.86	0.6	-0.81	-0.5	0.61	0.44	-0.58	-0.34	0.51	-0.86	-0.85	0.46	-0.02	-0.85	-0.7	-0.47	-0.53		0.62	0.58	-0.9	-0.92	-0.48	0.6
Accounts Payable	-0.51	0.3	-0.49	0.3	-0.57	-0.35	0.15	0.01	-0.16	-0.15	0.11	-0.46	-0.45	0.35	0.11	-0.43	-0.48	-0.93	-0.51	0.62		0.22	-0.57	-0.58	-0.16	0.27
Cash	0.1	0.63	-0.45	0.18	-0.41	-0.3	0.87	0.87	-0.42	-0.09	0.96	-0.32	-0.43	0.8	-0.26	-0.64	0.01	-0.25	-0.08	0.58	0.22		-0.5	-0.77	-0.43	0.29
Long Term Debt	0.69	-0.42	0.98	-0.37	0.76	0.54	-0.51	-0.28	0.36	0.17	-0.43	0.84	0.92	-0.31	0.19	0.9	0.77	0.39	0.35	-0.9	-0.57	-0.5		0.85	0.38	-0.41
Good Will	0.41	-0.68	0.79	-0.39	0.77	0.48	-0.71	-0.63	0.52	0.28	-0.71	0.7	0.74	-0.65	0.1	0.84	0.52	0.52	0.36	-0.92	-0.58	-0.77	0.85		0.46	-0.48
Common Stock Total Equity	0.36	-0.44	0.45	-0.73	0.46	-0.06	-0.29	-0.34	0.83	0.54	-0.37	0.47	0.42	-0.25	-0.24	0.45	0.44	0.03	0.67	-0.48	-0.16	-0.43	0.38	0.46		-0.8
Retained Earnings Total Equity	-0.4	0.66	-0.44	0.91	-0.47	-0.13	0.37	0.25	-0.79	-0.65	0.29	-0.6	-0.52	0.19	0.28	-0.46	-0.52	-0.17	-0.87	0.6	0.27	0.29	-0.41	-0.48	-0.8

Click cells to compare fundamentals

Kingsway Financial Account Relationship Matchups

Kingsway Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	357.3M	452.5M	475.6M	285.7M	197.7M	187.8M
Total Stockholder Equity	19.2M	4.5M	773K	21.7M	27.7M	26.3M
Retained Earnings	(381.2M)	(394.8M)	(395.1M)	(370.4M)	(346.9M)	(329.5M)
Non Current Assets Total	309.2M	361.8M	386.8M	80.3M	135.5M	140.4M
Non Currrent Assets Other	(17.8M)	(27.6M)	(28.6M)	(60.9M)	(135.5M)	(142.3M)
Other Assets	20.4M	55.8M	55.5M	130.7M	42.9M	40.7M
Net Receivables	13.3M	20.3M	20.6M	14.0M	10.1M	9.6M
Common Stock Shares Outstanding	21.7M	22.2M	22.5M	25.3M	26.4M	16.8M
Liabilities And Stockholders Equity	357.3M	452.5M	475.6M	285.7M	197.7M	187.8M
Other Stockholder Equity	353.9M	316.7M	327.9M	359.5M	376.1M	189.1M
Total Current Assets	27.7M	34.8M	33.4M	74.6M	19.3M	18.4M
Intangible Assets	83.8M	84.1M	108.2M	33.1M	35.7M	61.2M
Short Long Term Debt Total	258.5M	271.5M	386.8M	103.3M	45.6M	43.3M
Other Current Liab	(47.1M)	(87.9M)	(89.2M)	(945K)	(84.0M)	(88.2M)
Total Current Liabilities	2.4M	2.9M	294K	2.2M	504K	478.8K
Net Debt	204.6M	257.1M	282.6M	39.1M	36.5M	34.7M
Total Liab	332.5M	387.0M	413.0M	263.5M	173.1M	164.5M
Accumulated Other Comprehensive Income	40.5M	38.1M	30.8M	26.6M	(1.5M)	(1.5M)
Other Liab	86.5M	116.9M	117.8M	86.9M	78.2M	74.3M
Net Tangible Assets	(160.8M)	(207.3M)	(224.2M)	(56.9M)	(51.2M)	(53.8M)
Noncontrolling Interest In Consolidated Entity	11.8M	13.1M	14.0M	437K	502.6K	477.4K
Accounts Payable	2.8M	(265.4M)	(93.8M)	56.7M	51.1M	53.6M
Cash	31.9M	14.4M	12.6M	64.2M	9.1M	8.6M
Long Term Debt	258.5M	268.3M	292.7M	34.3M	44.4M	42.2M
Good Will	73.9M	121.1M	110.2M	45.5M	50.4M	53.9M
Retained Earnings Total Equity	(382.2M)	(388.1M)	(395.1M)	(370.4M)	(333.4M)	(316.7M)
Other Current Assets	(45.1M)	(66.1M)	(39.2M)	(92.6M)	(30.7M)	(29.1M)
Deferred Long Term Liab	75.7M	85.3M	28.6M	4.2M	4.8M	4.6M
Long Term Investments	56.7M	58.6M	57.5M	58.1M	41.9M	45.3M
Common Stock	470K	38.1M	30.8M	26.6M	23.9M	22.7M
Property Plant Equipment	99.1M	98.0M	110.8M	773K	889.0K	844.5K
Cash And Short Term Investments	32.1M	14.5M	12.8M	64.3M	9.3M	8.8M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC