Added to YB: 2025-08-29
Pitch date: 2025-07-07
KFS [bearish]
Kingsway Financial Services Inc.
+21.23%
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
$16.16
Price Target
6.20 (-51%)
Dividend
N/A
EV/EBITDA
87.52
P/E
-28.83
EV/Sales
3.53
Sector
Insurance
Category
N/A
Kingsway Financial Services Inc. - $KFS (short)
KFS short: Search fund model w/ poor results trading at 6x NAV. $69M invested producing mediocre EBITDA vs mgmt's inflated 'run-rate' claims. Recent acquisitions scattered across industries unlike focused serial acquirers (CSU, Danaher). Competition intense, selection bias favors best entrepreneurs cutting out 80% partner. Price target $6.20 vs $16.35 current.
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