Kingstone Companies, Inc. (KINS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-108.9%

-$1.82

vs $20.41 price

Levered DCF

$54.49

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.56

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	5.74×	9.49×	-3.74×	-0.64×	-7.14×	73.32×	-14.09×	61×
P/B	1.91×	2.61×	0.66×	0.4×	0.7×	0.77×	0.95×	2.13×
P/S	1.18×	1.12×	0.16×	0.11×	0.33×	0.54×	0.58×	1.66×
EV / EBITDA	4.19×	5.36×	-100.57×	-1.22×	-13.57×	23.94×	-23.63×	29.81×
Gross margin	57.7%	37.8%	19.4%	5.5%	16.2%	25.2%	17.1%	26.5%
Operating margin	25.6%	15.0%	-5.1%	-21.5%	-5.8%	-1.0%	-5.4%	2.6%
Net margin	20.5%	11.8%	-4.3%	-17.3%	-4.6%	0.7%	-4.1%	2.7%
Current ratio	1.22×	1.07×	0.97×	18.91×	18.13×	33.57×	11.71×	13.11×
Debt / equity	0.04×	0.17×	0.73×	0.7×	0.39×	0.32×	0.33×	0.33×
Interest coverage	114.65×	6.63×	-1.84×	-13.84×	-5.15×	-0.71×	-4.26×	1.65×
Dividend yield	0.6%	0.0%	0.0%	8.9%	3.2%	2.7%	4.2%	2.3%
Payout ratio	3.5%	0.0%	0.0%	-5.7%	-23.0%	201.3%	-58.7%	138.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	33.2%	27.5%	-17.9%	-62.3%	-9.8%	1.0%	-6.8%	3.5%
Return on invested capital	29.5%	20.5%	-9.6%	-7.3%	-2.3%	0.3%	-2.0%	1.2%
Return on assets	9.0%	4.9%	-1.9%	-7.0%	-2.2%	0.3%	-1.9%	1.2%
Free cash flow yield	31.2%	31.9%	-57.4%	-38.1%	37.7%	-19.0%	31.0%	10.3%
Earnings yield	17.4%	10.5%	-26.9%	-157.0%	-14.0%	1.4%	-7.1%	1.6%
Enterprise value	$226.6M	$156.9M	$39.2M	$27.5M	$58.2M	$81.5M	$80.6M	$197.2M
Net debt / EBITDA	-0.14×	-0.6×	-41.76×	-0.58×	-1.29×	2.99×	0.86×	1.23×
Cash conversion cycle (days)	124	175	185	187	84	133	99	121