Kingstone Companies, Inc (KINS) vs NI Holdings, Inc. (NODK)

Kingstone Companies, Inc and NI Holdings, Inc. are both Insurance Property & Casualty companies. NI Holdings, Inc. is the larger, with a market value of $300.6M against $264.9M — 1.1× the size. Kingstone Companies, Inc trades at the lower P/E: 7.4× against 39.3×. Kingstone Companies, Inc grew revenue faster over the last twelve months: 28.0% against −13.9%. Kingstone Companies, Inc has the higher net margin (14.9% vs 2.93%) and the higher return on invested capital (24.0% vs 3.54%). Across the 21 metrics below, Kingstone Companies, Inc leads on 15 and NI Holdings, Inc. on 6.

Valuation

Metric KINS NODK Insurance Property & Casualty median
P/E 7.36 39.26 10.29
P/S 1.11 1.15 1.17
P/B 2.05 1.24 1.83
Price to free cash flow 3.18 n/m 7.48
EV/EBITDA 5.30 4.03 7.49
EV/Sales 1.06 0.96 1.13
Earnings yield 13.59% 2.55% 9.50%
Free cash flow yield 31.44% (10.46%) 13.29%

Profitability

Metric KINS NODK Insurance Property & Casualty median
Gross margin 100.00% 37.39% 41.16%
Operating margin 18.74% 4.18% 15.09%
Net margin 14.85% 2.93% 11.51%
Free cash flow margin 34.95% (12.05%) 17.59%
Return on equity 31.51% 3.18% 18.19%
Return on assets 8.10% 1.35% 3.74%
Return on invested capital 23.99% 3.54% 12.06%

Growth

Metric KINS NODK Insurance Property & Casualty median
Revenue growth (TTM) 28.03% (13.85%) 8.69%
EPS growth (last fiscal year) 94.59% (72.41%) —
Revenue growth, 5-year CAGR 10.34% (1.43%) 9.23%
Net income growth, 5-year CAGR 111.10% 0.00% 10.09%

Health

Metric KINS NODK Insurance Property & Casualty median
Debt to equity 0.03 0.00 0.25
Current ratio 0.34 1.00 0.42
Net debt to EBITDA (0.14) (1.06) 0.08

Dividend

Metric KINS NODK Insurance Property & Casualty median
Dividend yield 1.37% — 2.79%
Payout ratio 0.62 0.00 0.27

Size

Metric KINS NODK Insurance Property & Casualty median
Market cap 264.91m 300.56m 2.44b

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