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Kingstone Companies

Nasdaq:KINS
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KINS
Nasdaq
$86M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The last earnings update was 1 day ago. More info.


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KINS Share Price and Events
7 Day Returns
-9.8%
NasdaqCM:KINS
1.4%
US Insurance
0.5%
US Market
1 Year Returns
-52.6%
NasdaqCM:KINS
14.7%
US Insurance
12.8%
US Market
KINS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kingstone Companies (KINS) -9.8% -5.3% 1.3% -52.6% -34.4% -5.9%
US Insurance 1.4% 1.7% 4.2% 14.7% 27.5% 46.7%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • KINS underperformed the Insurance industry which returned 14.7% over the past year.
  • KINS underperformed the Market in United States of America which returned 12.8% over the past year.
Price Volatility
KINS
Industry
5yr Volatility vs Market

KINS Value

 Is Kingstone Companies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kingstone Companies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kingstone Companies.

NasdaqCM:KINS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $9.17 * 6.9%
$0.63
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $9.17
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:KINS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.667 (1 + (1- 21%) (34.24%))
0.897
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.897 * 5.96%)
8.08%

Discounted Cash Flow Calculation for NasdaqCM:KINS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Kingstone Companies is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:KINS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.9% – 8.08%) * $9.17)
$-0.11
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.11 / (8.08% - 2.73%)
$-2.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.17 + $-2.10
$7.07
NasdaqCM:KINS Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.07
Current discount Discount to share price of $7.97
= -1 x ($7.97 - $7.07) / $7.07
-12.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kingstone Companies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kingstone Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kingstone Companies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:KINS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.77
NasdaqCM:KINS Share Price ** NasdaqCM (2019-11-13) in USD $7.97
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 16.78x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kingstone Companies.

NasdaqCM:KINS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:KINS Share Price ÷ EPS (both in USD)

= 7.97 ÷ -0.77

-10.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kingstone Companies is loss making, we can't compare its value to the US Insurance industry average.
  • Kingstone Companies is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Kingstone Companies's expected growth come at a high price?
Raw Data
NasdaqCM:KINS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
108.8%per year
United States of America Insurance Industry PEG Ratio Median Figure of 62 Publicly-Listed Insurance Companies 0.9x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kingstone Companies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kingstone Companies's assets?
Raw Data
NasdaqCM:KINS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $8.04
NasdaqCM:KINS Share Price * NasdaqCM (2019-11-13) in USD $7.97
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.17x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:KINS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:KINS Share Price ÷ Book Value per Share (both in USD)

= 7.97 ÷ 8.04

0.99x

* Primary Listing of Kingstone Companies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kingstone Companies is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Kingstone Companies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Kingstone Companies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KINS Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
108.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kingstone Companies expected to grow at an attractive rate?
  • Kingstone Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kingstone Companies's earnings growth is expected to exceed the United States of America market average.
  • Kingstone Companies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:KINS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:KINS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 108.8%
NasdaqCM:KINS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.6%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:KINS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:KINS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 179 12 2
2020-12-31 160 10 2
2019-12-31 132 -1 1
2019-11-13
NasdaqCM:KINS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 138 -8
2019-06-30 130 27 -3
2019-03-31 123 25 -2
2018-12-31 114 22 3
2018-09-30 110 25 6
2018-06-30 104 27 6
2018-03-31 98 26 6
2017-12-31 93 28 10
2017-09-30 87 23 10
2017-06-30 82 15 9
2017-03-31 80 15 10
2016-12-31 77 15 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kingstone Companies's earnings are expected to grow significantly at over 20% yearly.
  • Kingstone Companies's revenue is expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:KINS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Kingstone Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:KINS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.10 1.10 1.10 1.00
2020-12-31 0.95 0.95 0.95 2.00
2019-12-31 0.04 0.19 -0.12 2.00
2019-11-13
NasdaqCM:KINS Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.77
2019-06-30 -0.25
2019-03-31 -0.14
2018-12-31 0.29
2018-09-30 0.55
2018-06-30 0.57
2018-03-31 0.54
2017-12-31 0.96
2017-09-30 1.04
2017-06-30 1.05
2017-03-31 1.18
2016-12-31 1.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kingstone Companies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kingstone Companies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kingstone Companies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KINS Past Performance

  How has Kingstone Companies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kingstone Companies's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kingstone Companies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Kingstone Companies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kingstone Companies's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Kingstone Companies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kingstone Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:KINS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 137.74 -8.30 0.87
2019-06-30 130.03 -2.64 1.29
2019-03-31 122.97 -1.52 1.07
2018-12-31 113.77 3.09 0.87
2018-09-30 109.92 5.90 0.72
2018-06-30 103.65 6.04 0.59
2018-03-31 97.82 5.80 0.53
2017-12-31 92.77 9.99 0.44
2017-09-30 87.24 10.11 0.38
2017-06-30 82.45 9.50 0.32
2017-03-31 79.64 9.83 0.23
2016-12-31 77.44 8.90 0.23
2016-09-30 74.55 8.70 0.23
2016-06-30 71.38 7.58 0.23
2016-03-31 67.85 7.12 0.21
2015-12-31 63.67 6.96 0.19
2015-09-30 61.27 6.87 0.18
2015-06-30 58.63 6.41 0.22
2015-03-31 54.21 5.38 0.20
2014-12-31 50.05 5.33 0.17
2014-09-30 46.02 3.66 0.14
2014-06-30 42.34 3.43 0.07
2014-03-31 39.15 2.15 0.06
2013-12-31 36.57 2.01 0.06
2013-09-30 32.10 0.91 0.05
2013-06-30 29.42 -0.30 0.03
2013-03-31 29.17 0.19 0.04
2012-12-31 29.08 0.77 0.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Kingstone Companies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Kingstone Companies has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Kingstone Companies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kingstone Companies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kingstone Companies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KINS Health

 How is Kingstone Companies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kingstone Companies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kingstone Companies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kingstone Companies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kingstone Companies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kingstone Companies Company Filings, last reported 1 month ago.

NasdaqCM:KINS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 86.74 29.43 25.64
2019-06-30 87.67 29.38 18.90
2019-03-31 83.78 29.34 15.76
2018-12-31 88.67 29.30 21.14
2018-09-30 91.37 29.25 29.89
2018-06-30 88.73 29.21 19.39
2018-03-31 88.16 29.16 31.59
2017-12-31 94.58 29.13 48.38
2017-09-30 93.82 0.00 25.88
2017-06-30 90.32 0.00 14.36
2017-03-31 88.10 0.00 23.24
2016-12-31 56.68 0.00 12.04
2016-09-30 56.67 0.00 12.43
2016-06-30 53.79 0.00 14.64
2016-03-31 46.22 0.00 5.58
2015-12-31 45.28 0.00 13.55
2015-09-30 44.02 0.00 6.73
2015-06-30 42.02 0.00 3.93
2015-03-31 40.92 0.00 6.28
2014-12-31 40.50 0.00 9.91
2014-09-30 39.00 0.00 5.03
2014-06-30 37.75 0.00 6.82
2014-03-31 36.21 0.00 8.56
2013-12-31 35.71 0.00 19.92
2013-09-30 17.03 0.96 4.19
2013-06-30 15.58 0.88 4.38
2013-03-31 16.62 0.75 2.83
2012-12-31 16.28 1.20 2.24
  • Kingstone Companies's level of debt (33.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Kingstone Companies's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (94.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Kingstone Companies's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Kingstone Companies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kingstone Companies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KINS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.14%
Current annual income from Kingstone Companies dividends. Estimated to be 3.47% next year.
If you bought $2,000 of Kingstone Companies shares you are expected to receive $63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kingstone Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Kingstone Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:KINS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:KINS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.25 1.00
2020-12-31 0.25 1.00
2019-12-31 0.33 1.00
2019-11-13
NasdaqCM:KINS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-11 0.250 3.040
2019-08-08 0.250 2.984
2019-05-08 0.400 4.543
2019-02-14 0.400 2.801
2018-11-07 0.400 2.463
2018-08-08 0.400 2.233
2018-05-09 0.400 2.358
2018-02-05 0.400 2.206
2017-11-09 0.320 1.646
2017-08-10 0.320 2.052
2017-05-11 0.320 2.077
2017-02-07 0.250 1.699
2016-11-14 0.250 1.974
2016-08-11 0.250 2.593
2016-02-08 0.250 2.915
2015-11-12 0.250 2.878
2015-11-11 0.250 2.674
2015-08-12 0.200 2.247
2015-02-12 0.200 2.635
2014-11-13 0.200 2.471
2014-08-12 0.200 2.579
2014-02-20 0.160 2.387
2013-11-14 0.160 2.377
2013-08-14 0.160 3.057
2013-05-16 0.160 3.089
2013-02-25 0.160 3.036
2012-11-14 0.160 3.218
2012-08-14 0.160 3.180
2012-05-15 0.120 2.230
2012-02-14 0.120 3.455
2011-11-14 0.120 3.652
2011-08-11 0.120 3.727

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kingstone Companies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Kingstone Companies only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Kingstone Companies's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Kingstone Companies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kingstone Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kingstone Companies has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KINS Management

 What is the CEO of Kingstone Companies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Barry Goldstein
COMPENSATION $702,171
AGE 66
TENURE AS CEO 0.3 years
CEO Bio

Mr. Barry B. Goldstein has been Executive Chairman at Kingstone Companies, Inc. since January 1, 2019 and serves as its Chief Executive Officer since July 19, 2019. He was President and Chief Executive Officer of Kingstone Companies, Inc. (a/k/a DCAP Group Inc.) from March 2001 to January 1, 2019. Mr. Goldstein serves as the Chief Executive Officer of Kingstone Insurance Company (KICO) and is its Chairman since January 2006. Mr. Goldstein has served as Chief Investment Officer of KICO since August 2008 and as its President and Chief Executive Officer since January 2012. He has extensive experience in the insurance industry, including his executive-level service with KICO since 2006. Mr. Goldstein serves as the President at Payments Inc. He served as the Treasurer of Kingstone Companies, Inc., since May 2001 until August 2013 and as its Principal Accounting Officer until August 2007. He served as the Chief Financial Officer of Kingstone Companies, Inc., from March 2001 to November 14, 2007 and again until August 1, 2009. From April 1997 to 2004, he served as the President of AIA Acquisition Corp. He served as President of Stone Equities, a consulting firm since 1982. He has been the Chairman of the Board of Kingstone Companies, Inc., a holding company of Barry Scott Agency, Inc. since March 2001. He served as a Director of PQ Corporation since September 2005. Mr. Goldstein received his BA and MBA from State University of New York at Buffalo and a Certified Public Accountant since 1979.

CEO Compensation
  • Barry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Barry's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kingstone Companies management team in years:

2.8
Average Tenure
62.5
Average Age
  • The tenure for the Kingstone Companies management team is about average.
Management Team

Barry Goldstein

TITLE
Executive Chairman of the Board & CEO
COMPENSATION
$702K
AGE
66
TENURE
0.3 yrs

Victor Brodsky

TITLE
CFO & Treasurer
COMPENSATION
$545K
AGE
61
TENURE
10.3 yrs

Floyd Tupper

TITLE
Secretary & Director
COMPENSATION
$114K
AGE
64
TENURE
4.4 yrs

Meryl Golden

TITLE
Chief Operating Officer
TENURE
0.2 yrs

Amanda Goldstein

TITLE
Investor Relations Director
TENURE
3.8 yrs

Ben Walden

TITLE
Executive VP & Chief Actuary of Kingstone Insurance Company
COMPENSATION
$434K
AGE
51
TENURE
2.8 yrs

William O’Brien

TITLE
SVP & Chief Claims Officer
TENURE
0.6 yrs

Richard Swartz

TITLE
Controller

Shannon Matty-Provvisiero

TITLE
Vice President of Marketing & Agency Relations

Fred Skolnik

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Kingstone Companies board of directors in years:

5.4
Average Tenure
63.5
Average Age
  • The tenure for the Kingstone Companies board of directors is about average.
Board of Directors

Barry Goldstein

TITLE
Executive Chairman of the Board & CEO
COMPENSATION
$702K
AGE
66
TENURE
18.7 yrs

Floyd Tupper

TITLE
Secretary & Director
COMPENSATION
$114K
AGE
64
TENURE
5.4 yrs

Jay Haft

TITLE
Independent Director
COMPENSATION
$102K
AGE
84
TENURE
30.8 yrs

Bill Yankus

TITLE
Independent Director
COMPENSATION
$109K
AGE
60
TENURE
3.7 yrs

Carla D'Andre

TITLE
Independent Director
COMPENSATION
$102K
AGE
63
TENURE
2.5 yrs

Timothy McFadden

TITLE
Independent Director
COMPENSATION
$31K
AGE
57
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kingstone Companies individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Aug 19 Buy Barry Goldstein Individual 22. Aug 19 22. Aug 19 5,950 $8.17 $48,532
19. Aug 19 Buy Barry Goldstein Individual 16. Aug 19 19. Aug 19 4,500 $8.25 $36,985
15. Aug 19 Buy Barry Goldstein Individual 15. Aug 19 15. Aug 19 1,500 $7.72 $11,580
14. Aug 19 Buy Timothy McFadden Individual 13. Aug 19 13. Aug 19 1,000 $8.00 $8,000
27. Jun 19 Buy Jay Haft Individual 25. Jun 19 25. Jun 19 2,000 $8.50 $17,000
11. Jun 19 Buy Floyd Tupper Individual 07. Jun 19 07. Jun 19 2,000 $8.19 $16,350
22. May 19 Buy Jay Haft Individual 20. May 19 20. May 19 2,000 $9.00 $18,000
15. May 19 Buy Carla D'Andre Individual 13. May 19 13. May 19 2,000 $8.95 $17,900
15. May 19 Buy Dale Thatcher Individual 13. May 19 13. May 19 25,000 $9.00 $225,000
15. May 19 Buy Floyd Tupper Individual 13. May 19 13. May 19 2,000 $9.10 $18,100
14. May 19 Buy Timothy McFadden Individual 13. May 19 13. May 19 1,000 $9.03 $9,030
14. May 19 Buy William Yankus Individual 13. May 19 13. May 19 2,000 $9.04 $18,068
04. Dec 18 Buy William Yankus Individual 30. Nov 18 30. Nov 18 2,000 $16.07 $32,140
X
Management checks
We assess Kingstone Companies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kingstone Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KINS News

Simply Wall St News

Here's Why We're Wary Of Buying Kingstone Companies, Inc.'s (NASDAQ:KINS) For Its Upcoming Dividend

Kingstone Companies's upcoming dividend is US$0.063 a share, following on from the last 12 months, when the company distributed a total of US$0.25 per share to shareholders. … View our latest analysis for Kingstone Companies Dividends are typically paid from company earnings. … Kingstone Companies's dividend is not well covered by earnings, as the company lost money last year.

Simply Wall St -

What Percentage Of Kingstone Companies, Inc. (NASDAQ:KINS) Shares Do Insiders Own?

See our latest analysis for Kingstone Companies NasdaqCM:KINS Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Kingstone Companies? … We can see that Kingstone Companies does have institutional investors; and they hold 50% of the stock. … Insider Ownership Of Kingstone Companies The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Did You Miss Kingstone Companies's (NASDAQ:KINS) 55% Share Price Gain?

See our latest analysis for Kingstone Companies While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … Kingstone Companies's earnings per share are down 6.2% per year, despite strong share price performance over five years. … Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off.

Simply Wall St -

Kingstone Companies, Inc. (NASDAQ:KINS) Delivered A Weaker ROE Than Its Industry

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Kingstone Companies, Inc. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Take Comfort From Insider Transactions At Kingstone Companies, Inc. (NASDAQ:KINS)?

So shareholders might well want to know whether insiders have been buying or selling shares in Kingstone Companies, Inc. … The Last 12 Months Of Insider Transactions At Kingstone Companies. … In the last twelve months there was more buying than selling by Kingstone Companies insiders

Simply Wall St -

Is Kingstone Companies, Inc. (NASDAQ:KINS) A Smart Choice For Dividend Investors?

Historically, Kingstone Companies, Inc. … Does Kingstone Companies tick all the boxes of a great dividend stock? … View our latest analysis for Kingstone Companies

Simply Wall St -

Introducing Kingstone Companies, The Stock That Zoomed 135% In The Last Five Years

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Kingstone Companies achieved compound earnings per share (EPS) growth of 22% per year. … The EPS growth is more impressive than the yearly share price gain of 19% over the same period

Simply Wall St -

Don't Sell Kingstone Companies, Inc. (NASDAQ:KINS) Before You Read This

To keep it practical, we'll show how Kingstone Companies, Inc.'s (NASDAQ:KINS) P/E ratio could help you assess the value on offer. … Kingstone Companies has a price to earnings ratio of 29.7, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Kingstone Companies, Inc. (NASDAQ:KINS) Potentially Undervalued?

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Let’s examine Kingstone Companies’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Kingstone Companies, Inc. (NASDAQ:KINS) Delivered A Weaker ROE Than Its Industry

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Kingstone Companies, Inc. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.065 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

KINS Company Info

Description

Kingstone Companies, Inc., through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to small businesses and individuals in New York. The company offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies. It also provides commercial liability policies, such as business owner’s policies comprising primarily of small business retail, service, and office risks; artisan’s liability policies for small independent contractors; multi-peril policies for larger and specialized risks, and business owner’s risks; and commercial umbrella policies. In addition, the company offers for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies, as well as reinsurance products. It sells its products through retail and wholesale agents and brokers. The company was formerly known as DCAP Group, Inc. and changed its name to Kingstone Companies, Inc. in July 2009. Kingstone Companies, Inc. was founded in 1886 and is headquartered in Kingston, New York.

Details
Name: Kingstone Companies, Inc.
KINS
Exchange: NasdaqCM
Founded: 1886
$85,945,068
10,783,572
Website: http://www.kingstonecompanies.com
Address: Kingstone Companies, Inc.
15 Joys Lane,
Kingston,
New York, 12401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM KINS Common Stock Nasdaq Capital Market US USD 06. Jan 1975
DB DJ4A Common Stock Deutsche Boerse AG DE EUR 06. Jan 1975
Number of employees
Current staff
Staff numbers
101
Kingstone Companies employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 23:34
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.