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 was founded in 1886 and is based in Kingston, New York.
KINS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for KINS, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Kingstone Companies Inc ranked in the 79th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 302%. As for the metrics that stood out in our discounted cash flow analysis of Kingstone Companies Inc, consider:
Kingstone Companies Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.85. This coverage rate is greater than that of just 8.83% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Kingstone Companies Inc experienced a tax rate of about 21% over the past twelve months; relative to its sector (Financial Services), this tax rate is higher than 89.53% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
TREE, WRLD, ESNT, MCY, and GBLI can be thought of as valuation peers to KINS, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.