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Kingsway Financial Services (Kingsway Financial Services) Earnings Yield (Joel Greenblatt) %

: 11.45% (As of Dec. 2023)
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Kingsway Financial Services's Enterprise Value for the quarter that ended in Dec. 2023 was $261.1 Mil. Kingsway Financial Services's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $29.9 Mil. Kingsway Financial Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.45%.

The historical rank and industry rank for Kingsway Financial Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

KFS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.76   Med: 0.57   Max: 36.22
Current: 10.71

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kingsway Financial Services was 36.22%. The lowest was -2.76%. And the median was 0.57%.

KFS's Earnings Yield (Joel Greenblatt) % is ranked better than
72.61% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 5.74 vs KFS: 10.71

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Kingsway Financial Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Kingsway Financial Services Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Kingsway Financial Services's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kingsway Financial Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.86 1.87 -0.20 18.76 11.45

Kingsway Financial Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.76 30.30 33.67 13.99 11.45

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Kingsway Financial Services's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kingsway Financial Services Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Kingsway Financial Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Kingsway Financial Services's Earnings Yield (Joel Greenblatt) % falls into.



Kingsway Financial Services Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Kingsway Financial Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=29.901/261.07144
=11.45 %

Kingsway Financial Services's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.9 Mil.



Kingsway Financial Services  (NYSE:KFS) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Kingsway Financial Services Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Kingsway Financial Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kingsway Financial Services (Kingsway Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
10 S. Riverside Plaza, Suite 1520, Chicago, IL, USA, 60606
Kingsway Financial Services Inc through subsidiaries operates in the extended warranty, asset management, and real estate industries in the United States. It operates through three segments: Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions. The firm generates maximum revenue from Extended Warranty segment in the form of Service fee and commission income.
Executives
Fitzgerald John Taylor Maloney director, officer: Executive Vice President KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Kent A Hansen officer: CFO & EVP C/O KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Charles L Frischer director 3156 EAST LAURELHURST DRIVE, NE, SEATTLE WA 98105
Oakmont Capital Inc 10 percent owner 112 ST.CLAIR AVENUE WEST, SUITE 400, ONTARIO Z4 M4V 2Y3
Gregory Paul Hannon director OAKMONT CAPITAL INC., 45 ST. CLAIR AVENUE WEST, SUITE 400, TORONTO A6 M4V 1K9
Terence Michael Kavanagh director OAKMONT CAPITAL INC., 45 ST. CLAIR AVENUE WEST, SUITE 400, TORONTO A6 M4V 1K9
Joseph Stilwell director, 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Paul R. Hogan officer: Secretary and General Counsel 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Porcelli Corissa B. director 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Stilwell Associates L P 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Investments, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Fund, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Value Partners Vii, L.p. 10 percent owner 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Hickey William August Jr officer: Executive VP, COO and CFO KINGSWAY FINANCIAL SERVICES, INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Douglas Levine director 2602 NW 5TH AVENUE, MIAMI FL 33127

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