Kingsway Financial Services Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 4.92
Dividend & YieldN/A$ (N/A)
Beta -0.19
Market capitalization 243.46M
Operating cash flow 11.48M
ESG Scores unknown

Company description

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. 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 sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; 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. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator 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, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois.

Sector: Consumer Cyclical - Industry: Auto & Truck Dealerships

Financial Ratios
Quick Ratio0.93
Working Capital0.09
Return On Equity0.06
Debt To Equity-50
Fixed Asset Ratio0.28
Fixed Interest Cover0.71

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 6.02M -1.44M -2.33M -2.35M
Total Cashflows From Investing Activities 18.07M -6.47M 4.01M -8.6M
Net Borrowings -4.39M 2.38M 14.33M 2.42M
Total Cash From Financing Activities -4.09M 1.31M 13.6M -540k
Change To Operating Activities -4.86M 3.14M 7.68M -14.03M
Issuance Of Stock 1.75M 1.75M 1.75M 1.75M
Net Income -30.1M -5.89M -6.72M -342k
Change In Cash 11.22M -5.92M 19.28M -15.05M
Effect Of Exchange Rate
Total Cash From Operating Activities -2.77M -759k 1.67M -5.91M
Depreciation 6.81M 7.02M 6.83M 8.73M
Change To Account Receivables 997k 547k 1.19M -791k
Other Cashflows From Financing Activities 678k -981k -646k -4.21M
Change To Netincome 18.37M -4.13M -4.96M 2.88M
Capital Expenditures -212k -212k -213k -830k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -21.95M -3.13M -6.54M -5.78M
Net Income -30.1M -5.89M -6.72M -342k
Selling General Administrative 29.23M 35.76M 37.7M 48.23M
Gross Profit 28.87M 47.85M 47.2M 64.53M
Ebit -10.11M 4.84M 4.51M 4.34M
Operating Income -10.11M 4.84M 4.51M 4.34M
Interest Expense -7.41M -8.99M -7.72M -6.16M
Income Tax Expense 315k -363k -1.11M -7.64M
Total Revenue 46.14M 68.25M 68.6M 97.27M
Cost Of Revenue 17.27M 20.39M 21.4M 32.74M
Total Other Income ExpenseNet -11.84M -7.98M -11.05M -10.13M
Net Income From Continuing Ops -22.26M -2.77M -5.42M 1.86M
Net Income Applicable To Common Shares -30.72M -6.91M -7.79M -836k

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 348.18M 378.85M 433.81M 460.88M
Total Stockholder Equity 12.46M 874k -2M -5.72M
Other Current Liabilities 2.4M 11.66M 16.96M 18.99M
Total Assets 378.24M 399.62M 452.47M 475.63M
Common Stock
Other Current Assets 17.38M 12.74M 31.33M 18.27M
Retained Earnings -382.2M -388.08M -394.81M -395.15M
Treasury Stock 40.77M 34.85M 37.57M 30.29M
Cash 14.62M 13.48M 14.37M 12.64M
Total Current Liabilities 16.95M 29.1M 46.81M 55.4M
Other Stockholder Equity 40.77M 35.35M 38.06M 30.78M
Property, Plant, and Equipment 103.14M 102.39M 97.97M 110.83M
Total Current Assets 45.11M 43.79M 66.11M 51.62M
Net Tangible Assets -145.46M -167.65M -207.26M -224.2M
Net Receivables 12.96M 17.41M 20.25M 20.55M
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to Kingsway Financial Services Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HANSEN KENT APurchase at price 8.88 per share.D2023-02-15Chief Financial Officer168
HANSEN KENT APurchase at price 8.06 per share.D2023-01-30Chief Financial Officer186
STILWELL JOSEPH DSale at price 8.00 - 8.02 per share.I2022-12-30Beneficial Owner of more than 10% of a Class of Security6.65k
HANSEN KENT APurchase at price 7.30 per share.D2022-12-16Chief Financial Officer205
HANSEN KENT AStock Award(Grant) at price 7.17 per share.D2022-12-15Chief Financial Officer25.11k
FRISCHER CHARLES LAWRENCEPurchase at price 7.13 per share.D2022-12-08Director3.46k
FRISCHER CHARLES LAWRENCEPurchase at price 7.13 per share.D2022-12-07Director11.72k
FRISCHER CHARLES LAWRENCEPurchase at price 7.20 - 7.23 per share.D2022-12-06Director7k
FITZGERALD JOHN TAYLOR MALONEYPurchase at price 7.31 per share.D2022-11-30Chief Executive Officer284
FITZGERALD JOHN TAYLOR MALONEYPurchase at price 5.98 per share.D2022-10-14Chief Executive Officer348
HANSEN KENT APurchase at price 5.98 per share.D2022-10-14Chief Financial Officer250
HANSEN KENT APurchase at price 7.53 per share.D2022-08-15Chief Financial Officer199
FITZGERALD JOHN TAYLOR MALONEYPurchase at price 6.33 per share.D2022-08-02Chief Executive Officer328
FITZGERALD JOHN TAYLOR MALONEYPurchase at price 6.07 per share.D2022-07-18Chief Executive Officer343
KAVANAGH TERENCE MICHAELPurchase at price 5.67 per share.I2022-06-30Director53.99k
HANNON GREGORY PAULPurchase at price 5.67 per share.I2022-06-30Director53.99k
OAKMONT CAPITAL INC.Purchase at price 5.67 per share.D2022-06-30Beneficial Owner of more than 10% of a Class of Security53.99k
KAVANAGH TERENCE MICHAELPurchase at price 5.35 - 5.40 per share.I2022-06-27Director10.31k
OAKMONT CAPITAL INC.Purchase at price 5.35 - 5.40 per share.D2022-06-27Beneficial Owner of more than 10% of a Class of Security10.31k
KAVANAGH TERENCE MICHAELPurchase at price 5.29 - 5.31 per share.I2022-06-23Director44.36k
HANNON GREGORY PAULPurchase at price 5.29 - 5.31 per share.I2022-06-23Director44.3k
STILWELL JOSEPH DPurchase at price 5.34 per share.I2022-06-23Beneficial Owner of more than 10% of a Class of Security500
OAKMONT CAPITAL INC.Purchase at price 5.29 - 5.31 per share.D2022-06-23Beneficial Owner of more than 10% of a Class of Security44.36k
STILWELL JOSEPH DPurchase at price 5.15 - 5.35 per share.I2022-06-22Beneficial Owner of more than 10% of a Class of Security15.31k
STILWELL JOSEPH DPurchase at price 5.30 per share.I2022-06-17Beneficial Owner of more than 10% of a Class of Security9.78k
STILWELL JOSEPH DPurchase at price 5.30 per share.I2022-06-15Director and Beneficial Owner of more than 10% of a Class of Security16.32k
STILWELL JOSEPH DPurchase at price 5.25 - 5.30 per share.I2022-06-13Director and Beneficial Owner of more than 10% of a Class of Security11.41k
FRISCHER CHARLES LAWRENCEPurchase at price 5.35 per share.I2022-06-09Director11k
STILWELL JOSEPH DPurchase at price 5.34 - 5.38 per share.I2022-06-09Director and Beneficial Owner of more than 10% of a Class of Security26.02k
STILWELL JOSEPH DPurchase at price 5.40 per share.I2022-06-07Director and Beneficial Owner of more than 10% of a Class of Security16.52k
STILWELL JOSEPH DPurchase at price 5.40 per share.I2022-06-03Director and Beneficial Owner of more than 10% of a Class of Security15.87k
FRISCHER CHARLES LAWRENCEPurchase at price 5.40 per share.I2022-06-02Director27k
STILWELL JOSEPH DPurchase at price 5.39 per share.I2022-06-01Director and Beneficial Owner of more than 10% of a Class of Security20k
FITZGERALD JOHN TAYLOR MALONEYPurchase at price 5.42 per share.D2022-05-27Chief Executive Officer384
STILWELL JOSEPH DPurchase at price 5.38 - 5.39 per share.I2022-05-27Director and Beneficial Owner of more than 10% of a Class of Security10.5k
FRISCHER CHARLES LAWRENCEPurchase at price 5.40 per share.I2022-05-26Director10.5k
STILWELL JOSEPH DPurchase at price 5.39 per share.I2022-05-24Beneficial Owner of more than 10% of a Class of Security10k
STILWELL JOSEPH DPurchase at price 5.30 - 5.39 per share.I2022-05-23Director and Beneficial Owner of more than 10% of a Class of Security9.59k
STILWELL JOSEPH DPurchase at price 5.35 - 5.40 per share.I2022-05-18Director and Beneficial Owner of more than 10% of a Class of Security20k
HANSEN KENT APurchase at price 5.40 per share.D2022-05-17Chief Financial Officer278
STILWELL JOSEPH DPurchase at price 5.40 - 5.41 per share.I2022-05-16Director and Beneficial Owner of more than 10% of a Class of Security20k
STILWELL JOSEPH DPurchase at price 5.40 - 5.45 per share.I2022-05-12Director and Beneficial Owner of more than 10% of a Class of Security20k
FITZGERALD JOHN TAYLOR MALONEYPurchase at price 5.70 per share.D2022-05-03Chief Executive Officer365
HANSEN KENT APurchase at price 5.70 per share.D2022-05-03Chief Financial Officer263
STILWELL JOSEPH DPurchase at price 5.50 per share.I2022-03-31Director and Beneficial Owner of more than 10% of a Class of Security35k
STILWELL JOSEPH DPurchase at price 5.48 - 5.50 per share.I2022-03-29Director and Beneficial Owner of more than 10% of a Class of Security12.98k
STILWELL JOSEPH DPurchase at price 5.50 per share.I2022-03-25Director and Beneficial Owner of more than 10% of a Class of Security20k
STILWELL JOSEPH DPurchase at price 5.50 per share.I2022-03-23Director and Beneficial Owner of more than 10% of a Class of Security20k
STILWELL JOSEPH DPurchase at price 5.50 per share.I2022-03-21Director and Beneficial Owner of more than 10% of a Class of Security12.79k
STILWELL JOSEPH DPurchase at price 5.50 per share.I2022-03-17Director and Beneficial Owner of more than 10% of a Class of Security20k
STILWELL JOSEPH DPurchase at price 5.50 - 5.54 per share.I2022-03-15Director and Beneficial Owner of more than 10% of a Class of Security10.5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Kingsway Financial Services Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Kingsway Financial Services Inc

Here is the result of two systematic investment strategies applied to Kingsway Financial Services Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Kingsway Financial Services Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Kingsway Financial Services Inc:

Kingsway Financial Services Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 70.66% on the backtest period.

Performance at glance

Performance

70.66 %

Latent gain

1591.12 $

Invested capital

2251.81 $

Annualized return

17.07 %
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Momentum strategy results on Kingsway Financial Services Inc

This is the result of two momentum investment strategies applied to Kingsway Financial Services Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Kingsway Financial Services Inc

The following chart shows all the entries opened by the momentum investment system on Kingsway Financial Services Inc:

Kingsway Financial Services Inc momentum entries
  • The first momentum investment strategy would give 97.24% of return on Kingsway Financial Services Inc. That represents 4377.72$ of latent gain with 4502.06$ of employed capital.
  • The second momentum investment strategy would give 116.58% of return on Kingsway Financial Services Inc. That represents 4667.83$ of latent gain with 4004.08$ of employed capital.
Performance at glance (1Q Momentum)

Performance

97.24 %

Latent gain

4377.72 $

Invested capital

4502.06 $

Annualized return

85.39 %
Performance at glance (2Q Momentum)

Performance

116.58 %

Latent gain

4667.83 $

Invested capital

4004.08 $

Annualized return

31.85 %

Momentum equity curve on Kingsway Financial Services Inc

The following chart shows the equity curve of the two momentum strategies applied to Kingsway Financial Services Inc:

Kingsway Financial Services Inc momentum equity

Note: the dividends potentially given by Kingsway Financial Services Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Kingsway Financial Services Inc

The following chart shows the employed capital evolution of the two momentum strategies on Kingsway Financial Services Inc since the beginning:

Kingsway Financial Services Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Kingsway Financial Services Inc

Buy the dip entry openings on Kingsway Financial Services Inc

Kingsway Financial Services Inc

The performance achieved by the robo-advisor on Kingsway Financial Services Inc is 182.74%. That represents 912.89$ of latent gain with 499.56$ of employed capital. The following chart shows Kingsway Financial Services Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Kingsway Financial Services Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

182.74 %

Latent gain

912.89 $

Invested capital

499.56 $

Annualized return

85.39 %

Equity curve of the strategy applied to Kingsway Financial Services Inc

The following chart shows the result of the investment strategy applied to Kingsway Financial Services Inc:

Kingsway Financial Services Inc

Note: the dividends potentially given by Kingsway Financial Services Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Kingsway Financial Services Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Kingsway Financial Services Inc:

Kingsway Financial Services Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Kingsway Financial Services Inc

In this section, I will compare the three previous investment strategies applied to Kingsway Financial Services Inc.

Equity curve comparison on Kingsway Financial Services Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Kingsway Financial Services Inc investment strategy comparison

Employed capital comparison on Kingsway Financial Services Inc

Kingsway Financial Services Inc investment comparison

Performance comparison on Kingsway Financial Services Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 70.66% 1591.12$ 2251.81$ 17.07%
Momentum 1 quarter 97.24% 4377.72$ 4502.06$ 24.93%
Momentum 2 quarters 116.58% 4667.83$ 4004.08$ 31.85%
Non-directional 182.74% 912.89$ 499.56$ 85.39%
Annualized return comparison

Automatic investment

17.07 %

Momentum 1Q

31.85 %

Momentum 2Q

31.85 %

Non-directional

85.39 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Kingsway Financial Services Inc:

Positive correlations

Most correlated stocks this year

  • Kingsway Financial Services Inc

  • Most correlated stocks last 3 months

  • Kingsway Financial Services Inc
  • CLAIRVEST GROUP

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Kingsway Financial Services Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Kingsway Financial Services Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Kingsway Financial Services Inc
    Country United States
    City Itasca
    Address 150 East Pierce Road
    Phone 847 871 6408
    Website www.kingsway-financial.com
    FullTime employees
    Industry Auto & Truck Dealerships
    Sector Consumer Cyclical
    Exchange XNYS
    Ticker KFS
    Market www.nyse.com

    Kingsway Financial Services Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown