Stocktoria

KINGSWAY Corp KWY

NYSE · stock · Fire, Marine & Casualty Insurance · website · IPO 2001-07-11

KINGSWAY Corp statistics & valuation

Market cap$303.9M
P / S2.3×
P / B17.5×
Net debt$50.7M
Net debt / EBITDA7.4×
Enterprise value USD$354.6M
EV / EBITDA51.9×
Earnings yield EBIT/EV-0.7%
Return on capital-1.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-4.00% 15.20% -4.40% -2.40% -8.60% -0.60% -3.80% 0.90% 2.00% -1.80% 2016201720182019202020212022202320242025
Return on equity (%)
-33.40% -126.60% -49.50% -64.10% 2016201720182019202020212022202320242025
Shares outstanding
21.5M 21.7M 21.8M 21.9M 22.2M 22.9M 25.3M 27.1M 27.2M 28.6M 2016201720182019202020212022202320242025
Net debt ($)
$197.2M $238.8M $238.6M $245.1M $253.9M $84.0M $37.9M $35.3M $52.0M $50.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-3.30% -8.10% -1.70% -1.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-9.20% 2.40% 7.20% 2016201720182019202020212022202320242025
Debt / equity (×)
4.11× 4.81× 10.44× 18.53× 22.06× 11.40× 6.34× 1.60× 5.72× 3.40× 2016201720182019202020212022202320242025
EPS ($)
$0.01 -$0.79 -$1.41 -$0.32 -$0.35 -$0.04 $0.98 $0.89 -$0.35 -$0.43 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

KINGSWAY Corp trades at about 10.9× earnings — below its 10-year norm (10-year range 8.5×–635×, median 105.3×).

8.5× 635×

Shaded band = 10-year range (8.5×–635×); dot = today's 10.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-1.8%2.0%0.9%-3.8%-0.6%-8.6%-2.4%-4.4%15.2%-4.0%
Net margin—————-12.8%-11.5%-59.0%-38.0%—
FCF margin————7.2%2.4%———-9.2%
Return on assets—————-1.7%-1.7%-8.1%-3.3%—
Return on equity—————-64.1%-49.5%-126.6%-33.4%—
Debt / equity3.40×5.72×1.60×6.34×11.40×22.06×18.53×10.44×4.81×4.11×
Current ratio0.92—————————

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.