Kingsway Financial Services, Inc. (DE) (KFS) Company Bio
Kingsway Financial Services Inc. provides property and casualty insurance products in the United States. The company was founded in 1989 and is based in Toronto, Canada.
KFS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Kingsway Financial Services Inc. To summarize, we found that Kingsway Financial Services Inc ranked in the 0th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 100%. In terms of the factors that were most noteworthy in this DCF analysis for KFS, they are:
In the past 0.34 years, Kingsway Financial Services Inc has a compound free cash flow growth rate of -1%; that's better than only 0% of cash flow producing equities in the Consumer Cyclical sector, where it is classified.
22% of the company's capital comes from equity, which is greater than just 8.32% of stocks in our cash flow based forecasting set.
Kingsway Financial Services Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as KFS, try DJCO, EEX, FOSL, GCI, and KTB.
(NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") announced today that a letter to its shareholders from John T. Fitzgerald, the Company's President and CEO, has been made available (the "Letter"). The Letter can be found on the Company's website by following either of the following links: http://bit.ly/kfs2019 or http://kingsway-financial.com/new/wp-content/investorRelations/2019 Annual Letter to Shareholders of Kingsway Financial Services Inc..pdf.
(NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that on July 20, 2020 the Company received a notice letter from the New York Stock Exchange ("NYSE") stating that, effective July 21, 2020, the Company will be removed from NYSE's late filers' list to be disseminated to data vendors and will not be posted on the NYSE's Listed Standards Filing Status page on www.nyse.com. The NYSE's letter comes after the Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 on July 10, 2020 and filed its Quarterly Report on Form 10-Q for the period ended March 31, 2020 on July 17, 2020, thus becoming current on its financial reporting obligations.
(NYSE: KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that the New York Stock Exchange ("NYSE") has accepted the Company's business plan to regain compliance with NYSE continued listing standard 802.01B. "We are pleased that the NYSE has accepted our plan to regain compliance with its continued listing standards," said John T. Fitzgerald, Chief Executive Officer. "With the support of our board of directors, we remain focused on executing on our organizational strategy to deliver value for our shareholders."
ITASCA, IL , April 21, 2020 /CNW/ - (KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced it received notice from the New York Stock Exchange ("NYSE") that the Company is not in compliance with NYSE listing standard 802.01E because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 (the "2019 Form 10-K"). NYSE has informed the Company it will closely monitor the status of Kingsway's late filing and related public disclosures for up to a six-month period from its due date. Kingsway will continue to work with its auditors with the objective of filing its 2019 Form 10-K as soon as practicable.