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Kingsway Financial Services Inc KFS R2K

Financial Services · Asset Management · United States
https://kingsway-financial.com

Kingsway Financial Services Inc. through its subsidiaries, engages in the extended warranty and business services in the United States. It operates through two segments: Kingsway Search Xcelerator and Extended Warranty. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies, as well as after-market vehicle protection services. Its Kingsway Search Xcelerator segment offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, Securities and Exchange Commission reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. This segment also provides financial executive services for project and interim staffing engagements; search services for permanent placements; healthcare staffing services to acute healthcare facilities for short-term and day-to-day needs of hospitals; software products for the management needs of all types of shared-ownership properties; and fully managed outsourced cardiac telemetry services, as well as provides mobile monitors to the hospitals. It also offers information technology managed services, as well as Electric Motor Solutions and Vertical Market Software services. The company offers its products and services through credit unions and dealers. Kingsway Financial Services Inc. was incorporated in 1989 and is headquartered in Chicago, Illinois.

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$9.99
-22.32% 1Y

Market & Price

Market Cap
$307.15M
Current Price
$9.99
High / Low (52W)
$16.57 / $9.91
Beta
0.27

Valuation

Stock P/E
-
Industry PE
12.01
Forward P/E
-
PEG Ratio
0.83
Book Value
$0.46
Price to Book
23.38
P/S
2.07
EV/EBITDA
79.15
Dividend Yield
-

Profitability & Returns

ROCE
-
ROE
-34.88%
ROA
-1.58%
Profit Margin
-6.73%
Op Margin
-2.37%
EPS (Latest Qtr)
$-0.10
EPS (TTM)
$-0.40

Balance Sheet & Liquidity

Debt/Equity
2.40
Quick Ratio
0.72
Current Ratio
0.92
Debt
$78.22M
Total Assets
$231.50M
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
27.21%
Chg in Prom Hold
-
FII / Inst Holding
51.52%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$355.48M
Total Revenue (TTM)
$148.36M
EBITDA
$4.49M
Free Cash Flow
$889.75K
Operating Cash Flow
$1.79M
Shares Outstanding
28.63M
Gross Margin
79.00%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
6.03%
Profit 5Y
-47.80%
Revenue (YoY)
38.50%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.

CONS

  • Earnings shrank at -47.8% CAGR over 5 years.
  • Trading 39.7% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 KFS Kingsway Financial Services Inc R2K 9.99 - $307.15M - - -34.88% 6.03% -47.80%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Sep 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------------9.65M8.86M9.87M9.81M11.77M12.90M11.19M10.44M11.99M18.57M18.75M17.63M22.46M23.59M22.40M26.39M26.20M24.79M26.16M26.45M--28.35M31.46M37.60M39.01M38.96M
Cost of Revenue -----------------------------------16.20M---21.62M
Gross Profit -----------------------------------12.15M---17.34M
Operating Expenses -----------------------------------14.63M---19.20M
Operating Income -86.00K136.00K-582.00K-401.00K--395.00K-599.00K1.15M-762.00K1.56M1.37M--699.00K-1.52M1.82M-899.00K-828.00K450.00K-1.62M-75.00K-610.00K822.00K778.00K-114.00K-758.00K1.53M-4.30M514.00K393.00K-208.00K767.00K126.00K---2.48M----1.87M
EBITDA ------------------------------------216.00K-160.00K-265.00K1.40M1.77M
Interest Expense -----------------------------------1.23M1.26M1.50M1.45M1.41M
Pretax Income ------------------------------------3.36M-3.30M-4.46M-2.89M-2.31M
Tax Provision ------------------------------------264.00K-131.00K-2.05M-1.31M-47.00K
Net Income -6.96M2.13M1.81M-891.00K--1.54M-596.00K1.43M--1.76M-7.90M-1.53M--2.29M-8.64M-4.32M--------------------3.22M-3.32M-2.46M-1.74M-2.47M
Diluted EPS -0.410.100.09-0.05-0.12-0.08-0.030.060.05-0.08-0.37-0.07-0.20-0.13-0.49-0.180.13-0.04-0.20-0.07-0.08-0.070.02-0.03-0.05-0.12-0.121.491.05-0.06-0.04-0.09-0.08-0.10--0.13-0.13-0.10--0.10

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ---------47.61M-114.69M107.66M112.53M136.72M
Cost of Revenue ---------------
Gross Profit ---------------
Operating Expenses ---------------
Operating Income --24.59M-13.49M1.50M-1.77M-7.07M6.78M-2.29M-1.41M-5.22M-43.05M29.90M-3.47M-8.55M
EBITDA -----------49.50M36.12M3.53M670.00K
Interest Expense -----------8.09M6.25M4.79M5.45M
Pretax Income -----------34.96M23.65M-8.26M-14.00M
Tax Provision -----------4.83M-1.90M-147.00K-3.75M
Net Income -20.14M-52.08M-36.86M-12.82M---16.94M-30.72M-6.91M-7.79M-24.72M23.56M-9.27M-10.73M
Diluted EPS -2.09-4.05-2.61-0.750.040.01-0.79-1.41-0.32-0.35-0.980.89-0.35-0.43

Compounded Sales Growth

5 Years:6.03%
1 Year:38.50%

Compounded Profit Growth

5 Years:-47.80%
1 Year:-

Stock Price Performance

1 Year:-22.32%
6 Months:-23.09%
3 Months:-18.38%
1 Month:-10.24%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Mar 2012Dec 2012May 2013Nov 2013Dec 2013Dec 2014Dec 2015Apr 2016Jul 2016Dec 2016Oct 2017Dec 2017Dec 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -374.08M-372.80M1.62M49.48M324.64M301.72M241.02M758.00K253.15M501.02M13.17M506.69M378.24M22.22M399.62M452.47M-285.65M197.72M186.62M231.50M
Current Assets -----------------------
Cash & Equivalents 140.57M85.49M85.49M80.81M-19.80M97.50M71.23M51.70M5.00K-36.48M-5.38M14.62M755.00K13.48M14.37M-64.17M9.10M5.49M8.31M
Inventory -----------------------
Receivables -------------------10.30M10.08M9.36M13.84M
Total Liabilities -257.68M-307.39M572.00K44.53M287.72M253.53M190.93M14.00K251.65M437.76M3.17M450.78M348.18M13.85M378.85M433.81M-263.53M173.11M168.31M197.09M
Current Liabilities -----------------------
Long Term Debt -8.85M-61.16M--57.68M54.28M39.90M--233.69M-244.14M253.26M-258.53M268.29M-102.09M44.42M57.54M70.71M
Total Debt -------------------103.31M45.61M60.22M78.02M
Total Equity -123.43M-65.07M--35.47M37.46M41.95M--56.01M-41.37M12.46M-874.00K-2.00M-21.68M27.71M16.66M31.42M
Shares Outstanding -------------------23.44M27.77M28.12M29.65M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow ---41.81M-16.34M-32.80M-15.59M-14.40M-10.14M759.00K1.67M--14.57M-26.19M1.07M-3.00K
Investing Cash Flow --60.03M-16.71M26.19M-8.77M20.10M20.05M-6.47M4.01M-100.94M6.46M-16.85M-29.61M
Financing Cash Flow -7.94M-3.94M-437.00K6.78M-12.92M9.13M2.17M-4.09M1.31M13.60M--37.93M-39.96M11.44M32.75M
Capital Expenditure -1.34M-170.00K-1.13M4.66M-203.00K-645.00K----213.00K-830.00K--205.00K-709.00K-1.62M
Free Cash Flow ---42.94M-11.68M-33.01M-16.23M---1.46M--14.57M-26.39M358.00K-1.62M
Net Change in Cash -----------45.88M-60.26M-4.95M3.13M
Share Buybacks ---00125.00K0----03.20M2.50M345.00K

Ratios (Annual)

Figures in %.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------
Operating Margin % ----------11.0%-37.5%27.8%-3.1%-6.3%
Net Margin % ----------16.4%-21.6%21.9%-8.2%-7.8%
ROE % -16.3%-80.0%-103.9%-34.2%---41.0%-246.5%-790.0%389.9%-114.0%85.0%-55.6%-34.2%
ROCE % ---------------

Shareholding Pattern

Insiders
27.21%
Institutions
51.52%
Public Float
70.78%

Top Institutional Holders

#Holder% HeldSharesValue
1 Stilwell Value LLC 11.62% 3.36M $36.09M
2 Greenhaven Road Investment Management, L.p. 6.40% 1.85M $19.87M
3 Capricorn Fund Managers Ltd 6.17% 1.78M $19.15M
4 Blackrock Inc. 3.94% 1.14M $12.24M
5 Vanguard Capital Management LLC 2.54% 734.36K $7.88M
6 Geode Capital Management, LLC 1.65% 478.31K $5.13M
7 Belpointe Asset Management LLC 1.25% 360.51K $3.87M
8 Renaissance Technologies, LLC 1.10% 319.67K $3.43M
9 State Street Corporation 1.05% 303.81K $3.26M
10 Bard Associates Inc. 0.96% 277.86K $2.98M

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