Added to YB: 2026-09-15
Pitch date: 2026-09-12
KWY [bullish]
Kingsway Corporation
+3.35%
current return
Author Info
No bio for this author
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
$9.54
Price Target
N/A
Dividend
N/A
EV/EBITDA
38.46
P/E
-31.73
EV/Sales
2.29
Sector
Insurance
Category
growth
Bullet Investment Ideas #2 Second Edition - Kingsway Corporation
KWY: Kingsway is a bet first on the search-fund model for acquiring and building small, profitable, capital-light service businesses, and second on management sustaining 3-5 quality acquisitions annually. Portfolio LTM EBITDA of $22-23M values the ~$325M enterprise at ~14-15x, with a $626M tax shield supporting potential compounding. The main risk is whether a serial acquirer carrying ~$60M of net debt can integrate deals successfully and maintain attractive purchase prices.
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