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Kingsway Financial Services (KFS)
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Kingsway Financial Services Financial Ratios 2025-2010 | KFS
Brief overview of Kingsway Financial Services 's financial ratios
This overview follows the five latest available observations from 2021 through 2025.
The latest available valuation ratios are EV/EBITDA 79.07x (median 55.8x), P/S 2.6x (median 2.29x), P/B 10.2x (median 10.2x). Valuation is 27.7% above five-year reference levels. The premium requires support from earnings and returns.
Capital efficiency is characterized by ROE -0.1%, ROA -0%, ROCE -15.8%. Current return ratios are negative, materially weakening the fundamental profile.
The cash conversion cycle shortened from 88.6 days to 38 days, or 50.6 days. Working capital returns faster.
Conclusion
Kingsway Financial Services combines weak profitability with valuation above its historical norm, leaving limited cushion.
Annual Financial Ratios Kingsway Financial Services
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-34243.2 | -26192.2 | 9841.0 | 15.4 | 63.0 | -15.1 | -6.2 | -1.7 | -7.9 | -104.8 | 75.0 | -7.8 | -1.5 | -1.0 | -1.6 | - |
P/S |
2.6 | 2.0 | 2.3 | 2.5 | 1.5 | 1.6 | 0.6 | 1.0 | 2.8 | -0.5 | 0.5 | 0.7 | 0.3 | 0.4 | 0.1 | - |
EPS |
-0.4 | -0.3 | 0.9 | 1.1 | -0.0 | -0.3 | -0.3 | -1.4 | -0.8 | 0.0 | 0.0 | -0.8 | -2.6 | -4.0 | -2.1 | - |
EV (Enterprise Value) |
540 M | 380 M | 400 M | 432 M | 568 M | 521 M | 415 M | 395 M | 559 M | 318 M | 224 M | 286 M | 249 M | 281 M | 205 M | -141 M |
EBITDA per Share |
0.25 | 0.34 | 0.28 | 0.13 | 0.2 | -0.141 | 0.217 | 0.0148 | -0.371 | -0.0578 | -0.134 | -0.453 | -2.31 | -2.94 | - | - |
EV/EBITDA |
79.1 | 41.5 | 55.8 | 150.1 | 47.3 | -174.8 | 59.5 | 895.6 | -43.4 | 149.9 | -26.9 | -10.5 | -0.5 | -0.9 | - | - |
PEG |
1029.49 | 429.31 | 47.56 | 0.09 | 0.23 | -1.06 | 0.08 | -0.02 | 0.0 | 3.67 | -0.7 | 0.11 | 0.05 | -0.01 | 0.06 | - |
P/B |
10.2 | 11.9 | 9.6 | 10.5 | 7.9 | 5.4 | 1.8 | 1.7 | 2.5 | -1.3 | 1.7 | 2.1 | 1.5 | 0.8 | 0.3 | - |
P/CF |
-117020.4 | 203.6 | -9.0 | -15.9 | -19.8 | 69.5 | -37.6 | -10.5 | -3.7 | 5.2 | -2.5 | -6.1 | -1.3 | -1.2 | -0.4 | - |
ROE % |
-0.07 | -0.10 | 0.09 | 96.13 | -32.49 | -36.03 | -28.33 | -100.14 | -31.83 | 1.27 | 2.21 | -26.60 | -99.95 | -79.65 | -17.30 | - |
ROA % |
-0.00 | -0.00 | 0.01 | 5.27 | 0.39 | -1.49 | -1.47 | -7.96 | -3.24 | 0.16 | 0.46 | -4.25 | -11.37 | -13.98 | -5.38 | - |
ROCE % |
-15.81 | 25.70 | 3.44 | -22.80 | 8.28 | -2.33 | -0.82 | -2.35 | -4.65 | -0.68 | -5.09 | -9.70 | -39.10 | -32.94 | - | - |
Current Ratio |
1.2 | 1.1 | 1.1 | 1.1 | 1.0 | 0.1 | 0.1 | 0.2 | 0.4 | 0.3 | 0.5 | 0.5 | 0.6 | 0.5 | - | - |
DSO |
- | - | - | - | 38.0 | 114.2 | 106.0 | 90.8 | 88.6 | 68.5 | 63.4 | 69.6 | 69.5 | 59.2 | 89.7 | - |
Operating Cycle |
- | - | - | - | 38.0 | 114.2 | 106.0 | 90.8 | 88.6 | 68.5 | 63.4 | 69.6 | 69.5 | - | - | - |
Cash Conversion Cycle |
- | - | - | - | 38.0 | 114.2 | 106.0 | 90.8 | 88.6 | 68.5 | 63.4 | 69.6 | 69.5 | - | - | - |
All numbers in USD currency
Quarterly Financial Ratios Kingsway Financial Services
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
-0.03 | -0.1 | -0.1 | -0.13 | -0.13 | - | -0.1 | -0.08 | -0.09 | - | -0.04 | -0.06 | 1.15 | - | 1.67 | -0.12 | -0.12 | - | -0.05 | -0.03 | 0.02 | - | -0.07 | -0.08 | -0.07 | - | -0.2 | -0.04 | 0.13 | - | -0.18 | -0.49 | -0.13 | -0.21 | -0.09 | -0.37 | -0.08 | 0.05 | 0.07 | -0.03 | -0.08 | -0.12 | -0.05 | 0.09 | 0.11 | - | -0.41 | -0.3 | -0.1 | - | 0.14 | -0.78 | -1.33 | - | -1.52 | -0.59 | -0.96 | - | 0.48 | -0.36 | -0.35 |
EBITDA per Share |
- | 0.1 | 0.05 | 0.02 | 0.04 | - | 0.03 | 0.06 | 0.09 | - | 0.05 | 0.02 | 0.08 | - | -0.18 | 0.07 | 0.03 | - | 0.28 | 0.06 | 0.11 | - | 0.2 | 0.15 | - | - | 0.26 | 0.12 | 0.03 | - | 0.32 | 0.05 | 0.03 | - | 0.25 | 0.22 | 0.14 | - | 0.16 | - | - | - | 0.05 | 0.02 | 0.03 | - | 0.11 | 0.08 | 0.05 | - | -0.17 | -0.16 | -0.01 | - | -1.16 | -0.14 | -0.07 | - | 0.13 | 0.09 | - |
ROE % |
-48.65 | -106.58 | -109.56 | -107.77 | -99.50 | -42.79 | -45.19 | -32.57 | 93.52 | 103.39 | 190.00 | 163.84 | 124.21 | 10.82 | 7.46 | -75.25 | -84.45 | -37.22 | 19.04 | 93.51 | 109.29 | 147.05 | -311.31 | -412.87 | -119.12 | -138.79 | -169.49 | 202.90 | 225.50 | -139.38 | -140.45 | -113.69 | -46.82 | -28.37 | -24.96 | -18.47 | -0.44 | 1.07 | -6.27 | -10.95 | -5.56 | 2.26 | -11.29 | -22.51 | -31.40 | -36.48 | -31.18 | -41.61 | -77.41 | -72.84 | -101.83 | -116.38 | -104.30 | -55.16 | -49.29 | -22.36 | -27.54 | -10.62 | 5.88 | -2.07 | -14.43 |
ROA % |
-3.46 | -5.14 | -5.37 | -5.48 | -5.13 | -3.52 | -3.86 | -3.51 | 11.46 | 12.64 | 20.00 | 19.82 | 20.62 | 6.79 | 6.73 | -0.64 | -0.43 | 0.10 | -0.15 | -0.42 | -0.44 | -0.65 | -1.65 | -1.50 | -0.39 | -0.30 | -1.32 | -3.14 | -3.79 | -4.59 | -4.68 | -3.98 | -2.71 | -2.31 | -1.96 | -1.36 | 0.08 | 0.12 | -1.01 | -1.67 | -0.80 | 0.39 | -1.04 | -2.33 | -3.65 | -4.53 | -3.95 | -4.81 | -8.53 | -7.96 | -13.02 | -15.21 | -15.00 | -9.63 | -7.69 | -3.31 | -6.46 | -3.51 | 1.94 | -0.68 | -4.76 |
ROCE % |
-8.81 | -21.06 | -30.63 | -24.70 | -14.99 | -1.90 | -2.64 | 5.04 | 6.40 | 3.15 | -6.83 | 12.35 | -3.74 | -5.83 | -7.53 | -9.37 | -62.34 | -48.04 | -17.51 | -12.07 | 80.94 | 115.47 | 166.95 | 41.69 | -64.93 | -146.11 | -131.47 | -195.15 | -106.02 | -3.16 | 0.43 | -10.44 | 5.75 | 11.36 | 13.42 | 8.76 | 4.28 | 0.28 | -0.67 | -4.12 | -2.72 | -2.02 | -2.25 | -1.08 | 0.62 | 0.30 | -13.94 | -24.99 | -28.38 | -28.69 | -53.79 | -43.93 | -34.94 | -31.76 | -25.09 | -4.38 | -2.29 | - | - | - | - |
Current Ratio |
1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | - | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.3 | 1.3 | 1.3 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 1.4 | 1.4 | 1.4 | 1.4 |
DSO |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.5 | 71.8 | - | 74.6 | 49.6 | 52.1 | - | 78.2 | 84.0 | 80.7 | - | 61.7 | 64.3 | 54.3 | 12.7 | 53.6 | 61.6 | 46.2 | 5.7 | 8.0 | 10.4 | 10.5 | 9.1 | 9.0 | 8.8 | 9.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.5 | 71.8 | - | 74.6 | 49.6 | 52.1 | - | 78.2 | 84.0 | 80.7 | - | 61.7 | 64.3 | 54.3 | 12.7 | 53.6 | 61.6 | 46.2 | 5.7 | 8.0 | 10.4 | 10.5 | 9.1 | 9.0 | 8.8 | 9.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.5 | 71.8 | - | 74.6 | 49.6 | 52.1 | - | 78.2 | 84.0 | 80.7 | - | 61.7 | 64.3 | 54.3 | 12.7 | 53.6 | 61.6 | 46.2 | 5.7 | 8.0 | 10.4 | 10.5 | 9.1 | 9.0 | 8.8 | 9.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Kingsway Financial Services , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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