A Business at a Glance
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KINGSWAY FINANCIAL SERVICES INC
KFS
$276M
Mkt Cap
KINGSWAY FINANCIAL SERVICES INC (KFS) has a 5-year average return on invested capital (ROIC) of 3.7%. This is below average and may indicate limited pricing power.
KINGSWAY FINANCIAL SERVICES INC (KFS) has a market capitalization of $357M. It is classified as a small-cap stock.
Yes, KINGSWAY FINANCIAL SERVICES INC (KFS) pays a dividend with a trailing twelve-month yield of 0.33%.
KINGSWAY FINANCIAL SERVICES INC (KFS) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
KINGSWAY FINANCIAL SERVICES INC (KFS) reported annual revenue of $135 million in its most recent fiscal year, based on SEC EDGAR filings.
KINGSWAY FINANCIAL SERVICES INC (KFS) has a net profit margin of -8.8%. The company is currently unprofitable.
KINGSWAY FINANCIAL SERVICES INC (KFS) generated $-3 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
KINGSWAY FINANCIAL SERVICES INC operates in the Fire, Marine & Casualty Insurance industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 146M | 135M | 109M | 103M | 93M | 78M |
| Net Income | -11M | -12M | -9.5M | 23M | 24M | -836K |
| EPS | $-0.39 | $-0.43 | $-0.35 | $0.89 | $0.98 | $-0.04 |
| Free Cash Flow | 0 | -3K | 1.1M | -26M | -15M | -6.7M |
| ROIC | -1.2% | -15.7% | -13.7% | 24.7% | 23.7% | -0.5% |
| Gross Margin | - | 45.1% | 77.5% | 77.7% | 77.6% | 75.1% |
| Debt/Equity | 5.41 | 4.66 | 6.84 | 1.60 | 6.51 | -16.44 |
| Dividends/Share | $0.04 | $0.04 | $0.00 | $0.00 | - | - |
| Operating Income | -1.2M | -2.4M | 2.2M | 24M | -3.6M | -474K |
| Operating Margin | -0.8% | -1.8% | 2.0% | 22.9% | -3.8% | -0.6% |
| ROE | -85.7% | -101.1% | -52.3% | 108.3% | 490.9% | 21.7% |
| Shares Outstanding | 29M | 28M | 27M | 26M | 25M | 21M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 158M | 160M | 177M | N/A | 52M | 60M | 61M | 78M | 93M | 103M | 109M | 135M | 146M |
| Gross Margin | 43.1% | 42.0% | 37.9% | N/A | 37.4% | 77.6% | 78.2% | 75.1% | 77.6% | 77.7% | 77.5% | 45.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 42M | 42M | 42M | 27M | 30M | 36M | 42M | 45M | 44M | 42M | 45M | 61M | 65M |
| EBIT | 1.5M | -1.8M | -7.1M | 6.8M | -2.3M | -1.4M | -5.2M | -474K | -3.6M | 24M | 2.2M | -2.4M | -1.2M |
| Op. Margin | 0.9% | -1.1% | -4.0% | N/A | -4.4% | -2.4% | -8.6% | -0.6% | -3.8% | 22.9% | 2.0% | -1.8% | -0.8% |
| Net Income | -13M | 713K | 238K | -17M | -31M | -5.4M | -7.8M | -836K | 24M | 23M | -9.5M | -12M | -11M |
| Net Margin | -8.3% | 0.4% | 0.1% | N/A | -59.0% | -8.9% | -12.8% | -1.1% | 26.2% | 22.7% | -8.6% | -8.8% | -7.7% |
| Non-Recurring | 1.1M | 10K | 157K | 100K | 117K | 75K | -468K | 2.5M | 0 | 0 | 732K | 700K | 700K |
| Returns on Capital | |||||||||||||
| ROIC | -14.2% | 0.8% | N/A | 51.5% | -11.1% | -2.0% | -3.0% | -0.5% | 23.7% | 24.7% | -13.7% | -15.7% | -1.2% |
| ROE | -36.0% | 1.8% | N/A | N/A | -114.1% | -80.4% | N/A | 21.7% | 490.9% | 108.3% | -52.3% | -101.1% | -85.7% |
| ROA | -8.7% | 0.3% | N/A | -243.3% | -15.7% | -2.7% | -3.3% | -0.2% | 6.4% | 9.7% | -4.9% | -5.7% | -4.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -16M | -33M | -16M | -14M | -10M | 759K | 1.7M | -5.9M | -15M | -26M | 1.1M | -3K | 1.8M |
| Free Cash Flow | -21M | -33M | -16M | -14M | -11M | 547K | 1.5M | -6.7M | -15M | -26M | 1.1M | -3K | 0 |
| Owner Earnings | -19M | -35M | -18M | -17M | -18M | -7.4M | -6.4M | -15M | -25M | -34M | -7.0M | -9.9M | -3.5M |
| CapEx | 4.7M | 203K | 645K | 0 | 519K | 212K | 213K | 830K | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 1.8M | 1.4M | 1.2M | 1.1M | 6.7M | 6.9M | 6.7M | 5.0M | 6.4M | 6.2M | 6.3M | 8.2M | 3.6M |
| Growth CapEx | 2.9M | 0 | 0 | N/A | 0 | 0 | 0 | 0 | N/A | N/A | N/A | N/A | 0 |
| D&A | 1.8M | 1.4M | 1.2M | 1.1M | 6.7M | 6.9M | 6.7M | 5.0M | 6.4M | 6.2M | 6.3M | 8.2M | 3.6M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 12.7% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13K | 1.0M | 1.2M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | 0.3% |
| Share Buybacks | 0 | 0 | 125K | 0 | 0 | 492K | 0 | 0 | 0 | 3.2M | 2.5M | 345K | 0 |
| Buyback Yield | N/A | N/A | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | 1.4% | 1.1% | 0.0% | 0.0% |
| Stock-Based Comp | 1.2M | 802K | 1.0M | 1.2M | 1.7M | 1.2M | 1.4M | 3.6M | 4.1M | 1.6M | 1.8M | 1.7M | 1.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 1.0M | 981K | 0 | 160K | 0 | 25K | 287K | 389K | 389K |
| Balance Sheet | |||||||||||||
| Net Debt | -17M | -12M | 197M | 239M | 238M | 245M | 255M | 84M | 38M | 35M | 52M | 62M | 64M |
| Cash & Equiv. | 71M | 52M | 36M | 5.4M | 15M | 13M | 14M | 10M | 64M | 9.1M | 5.5M | 8.3M | 7.4M |
| Long-Term Debt | 54M | 40M | 234M | 244M | 253M | 259M | 268M | 94M | 102M | 44M | 58M | 71M | 55M |
| Debt/Equity | 1.45 | 0.95 | N/A | N/A | 20.32 | 295.80 | -134.78 | -16.44 | 6.51 | 1.60 | 6.84 | 4.66 | 5.41 |
| Interest Coverage | 0.3 | -0.3 | -1.6 | 1.1 | -0.3 | -0.2 | -0.7 | -0.1 | -0.4 | 3.8 | 0.5 | -0.4 | -0.4 |
| Equity | 37M | 42M | N/A | N/A | 12M | 874K | -2.0M | -5.7M | 16M | 28M | 8.4M | 15M | 13M |
| Total Assets | 302M | 241M | N/A | 13M | 378M | 22M | 452M | 476M | 286M | 198M | 187M | 231M | 232M |
| Total Liabilities | 254M | 191M | N/A | N/A | 348M | 8.3M | 440M | 467M | 264M | 173M | 168M | 197M | 200M |
| Intangibles | 16M | 15M | N/A | N/A | 83M | N/A | 84M | 31M | 33M | 36M | 40M | 52M | 51M |
| Retained Earnings | -301M | -297M | -298M | -311M | -382M | -388M | -395M | -395M | -370M | -347M | -361M | -373M | -376M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | -0.75 | 0.04 | 0.01 | -0.79 | -1.41 | -0.32 | -0.35 | -0.04 | 0.98 | 0.89 | -0.35 | -0.43 | -0.39 |
| Owner EPS | -1.11 | -1.97 | -0.75 | -0.78 | -0.85 | -0.44 | -0.29 | -0.70 | -1.01 | -1.29 | -0.26 | -0.36 | -0.12 |
| Book Value | 2.14 | 2.35 | N/A | N/A | 0.57 | 0.05 | -0.09 | -0.27 | 0.63 | 1.05 | 0.31 | 0.55 | 0.46 |
| Cash Flow/Share | -0.93 | -1.84 | -0.66 | -0.67 | -0.47 | 0.05 | 0.08 | -0.28 | -0.58 | -0.99 | 0.04 | -0.00 | -0.27 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 | 0.00 | N/A | N/A | N/A | 0.00 | 0.00 | 0.04 | 0.04 |
| Shares Out. | 17.5M | 17.8M | 23.8M | 21.4M | 21.8M | 16.8M | 22.3M | 20.9M | 24.9M | 26.4M | 27.0M | 27.7M | 28.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 113.5 | 595.0 | N/A | N/A | N/A | N/A | N/A | 8.2 | 9.5 | N/A | N/A | -31.6 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 57.6 | 71.2 | N/A | N/A | N/A | 212.1 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | 4.1 | N/A | N/A | N/A | 12.7 | 8.1 | 26.9 | N/A | 27.2 |
| Price/Sales | 0.6 | 0.6 | 0.7 | 2.8 | 1.5 | 5.6 | 0.9 | 1.4 | 1.6 | 2.1 | 2.1 | N/A | 2.5 |
| FCF Yield | -21.5% | -40.8% | -11.5% | -13.1% | -21.0% | 1.3% | 1.4% | -5.9% | -7.3% | -11.7% | 0.5% | N/A | N/A |
| Market Cap | 98M | 81M | 142M | 110M | 51M | 43M | 104M | 115M | 199M | 224M | 226M | 0 | 357M |
| Avg. Price | 5.56 | 5.35 | 5.13 | 5.88 | 3.54 | 2.43 | 2.51 | 5.08 | 6.10 | 8.30 | 8.44 | 0.00 | 12.48 |
| Year-End Price | 5.59 | 4.54 | 5.95 | 5.11 | 2.33 | 1.88 | 4.66 | 5.49 | 8.00 | 8.48 | 8.38 | 0.00 | 12.48 |
KINGSWAY FINANCIAL SERVICES INC passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 315.8x vs a median of 64.4x. The company's 5-year average ROIC is 3.7% with a gross margin of 70.6%. Total shareholder yield (dividends) is 0.3%. At current prices, the estimated annualized return to fair value is -2.4%.
KINGSWAY FINANCIAL SERVICES INC (KFS) has a debt-to-equity ratio of 4.66. This indicates higher leverage, which may increase financial risk.
KINGSWAY FINANCIAL SERVICES INC (KFS) reported earnings per share (EPS) of $-0.43 in its most recent fiscal year.
KINGSWAY FINANCIAL SERVICES INC (KFS) has a return on equity (ROE) of -101.1%. A negative ROE may indicate losses or negative equity.
KINGSWAY FINANCIAL SERVICES INC (KFS) has a 5-year average gross margin of 70.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for KINGSWAY FINANCIAL SERVICES INC (KFS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KINGSWAY FINANCIAL SERVICES INC (KFS) has a book value per share of $0.55, based on its most recent annual SEC filing.
No recent press releases.