Professional
Added to YB: 2024-04-18
Pitch date: 2024-03-31
KFS [bullish]
Kingsway Financial Services Inc.
+52.38%
current return
Author Info
No bio for this author
Company Info
Kingsway Financial Services Inc. through its subsidiaries, engages in the extended warranty and business services in the United States.
Market Cap
$365.7M
Pitch Price
$8.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
87.52
P/E
-28.83
EV/Sales
3.53
Sector
Insurance
Category
growth
Alphyn Capital Management Portfolio Holding: Kingsway Financial Services Inc.
KFS: Legacy warranty biz reliable CF despite '23 headwinds. Search fund model IDs early-career mgrs to acquire & run cos w/ KFS backing. Owns Ravix (outsourced CFO), CSuite, SPI (vacation prop software), DDI (cardiac monitoring +30% rev), Secure Nursing. Small, capital-light, cash generative portfolio w/ $15M pro forma FCF to fund 2-3 yearly deals at 5-7x EBITDA, 50% debt. Irregular growth, but upside as proven serial acquirer compounds gains.
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