Added to YB: 2026-05-15
Pitch date: 2026-05-13
KFS [neutral]
Kingsway Corporation
-19.59%
current return
Author Info
Company Info
Kingsway Corporation through its subsidiaries, engages in the extended warranty and business services in the United States.
Market Cap
$277.4M
Pitch Price
$11.23
Price Target
N/A
Dividend
N/A
EV/EBITDA
38.46
P/E
-31.73
EV/Sales
2.29
Sector
Insurance
Category
growth
Kingsway Financial (Soon to be Kingsway Corporation)
KFS (overview): Publicly-traded search fund acquiring SMBs at 4-6x EBITDA, deploying Danaher-style KBS. Q1'26 KSX rev +81% YoY, adj EBITDA +82%. Advisory board includes Thorndike & ex-Danaher CEO. 2026E portfolio EBITDA $20-26M vs $318M mcap = 16.5x (20x bear). Mgmt/insiders own 41%. Bull: early-stage compounder w/ NOLs, decentralized M&A emerging. Bear: unprofitable, needs debt/equity, rich valuation post-35% selloff.
Read full article (12 min)