Kestrel Group Ltd (NASDAQ: KG)

Sector: Financial Services Industry: Insurance Brokers CIK: 0002055116
Market Cap 0.00
P/B 0.00
P/E 0.00
P/S 0.00
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 2,219.81
Total Debt (Qtr) 174.08 Mn
Debt/Equity (Qtr) 1.21
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About

Investment thesis

Bull case

  • Strong tangible asset base of 1.12B provides 6.43x coverage of total debt 174.08M, indicating robust asset backing and low credit risk.
  • Tangible assets of 1.12B provide exceptional 57.10x coverage of deferred revenue 19.61M, showing strong service capability backing.
  • Cash position of 40.52M provides strong 2.07x coverage of deferred revenue 19.61M, ensuring service delivery capability.
  • Retained earnings of 18.95M provide strong 1.83x coverage of intangibles 10.37M, indicating quality earnings retention.
  • Strong tangible asset base of 1.12B provides 108.01x coverage of intangibles 10.37M, indicating robust asset quality.

Bear case

  • Operating cash flow of 0 provides insufficient coverage of deferred revenue obligations of 19.61M, which is 0x, raising concerns about future service delivery capabilities.
  • Retained earnings of 18.95M provide limited buffer against comprehensive income items of (916000), which is -20.69x, indicating elevated exposure to market risks.

Peer comparison

Companies in the Insurance Brokers
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 AON Aon plc 70.39 Bn 19.05 4.10 15.89 Bn
2 AJG Arthur J. Gallagher & Co. 54.84 Bn 36.71 3.93 13.49 Bn
3 WTW Willis Towers Watson Plc 19.93 Bn 59.66 5.32 5.91 Bn
4 BRO Brown & Brown, Inc. 19.47 Bn 80.03 11.73 7.86 Bn
5 ERIE Erie Indemnity Co 13.20 Bn 70.61 8.51 0.00 Bn
6 CRVL Corvel Corp 2.55 Bn 24.11 2.71 0.02 Bn
7 ARX Accelerant Holdings 1.78 Bn 65.50 2.96 0.12 Bn
8 GSHD Goosehead Insurance, Inc. 1.28 Bn 42.19 3.61 0.35 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 0.36
EV to Cash from Ops. EV to Cash from Ops. 0.00 12.25
EV to Debt EV to Debt 0.00 7.89
EV to EBIT EV to EBIT 0.00 12.89
EV to EBITDA EV to EBITDA 0.00 10.03
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 0.82
EV to Market Cap EV to Market Cap 0.00 -2,042.77
EV to Revenue EV to Revenue 0.00 2.24
Price to Book Value [P/B] Price to Book Value [P/B] 0.00 2.88
Price to Earnings [P/E] Price to Earnings [P/E] 0.00 21.56
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 1.26
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 32.25
Dividend per Basic Share Div per Share (Qtr) 0.00 0.99
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 18.58
Interest Coverage Int. cover (Qtr) 0.00 -4.31
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -64.94
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 1.65
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -3.13
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 -0.20
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 -8.63
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 17.79
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 32.64
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 -77.22
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 -60.35
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 44.50
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.62
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.18
Cash Ratio Cash Ratio (Qtr) 0.00 0.51
Current Ratio Curr Ratio (Qtr) 0.00 2.20
Debt to Equity Ratio Debt/Equity (Qtr) 1.21 0.87
Interest Cover Ratio Int Coverage (Qtr) 0.00 -4.31
Times Interest Earned Times Interest Earned (Qtr) 0.00 -4.31
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -2.17
EBIT Margin % EBIT Margin % (Qtr) 0.00 -69.72
EBT Margin % EBT Margin % (Qtr) 0.00 -8.04
Gross Margin % Gross Margin % (Qtr) 0.00 50.03
Net Profit Margin % Net Margin % (Qtr) 0.00 -10.75