Stock fact sheet · data as of
Kingstone Companies, Inc. (KINS): fair value, margin of safety and Wheel Score
Ticker symbol KINS · Financial Services · Insurance - Property & Casualty · United States · Blend
Is KINS undervalued?
KINS has a margin of safety of 75%: the stock closed at 20.08 on 5 Nov 2026 against a GLS average fair value of 81.67. 7 of the 8 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DDM (3.09) and Payback Time (227.18). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for KINS, so the nightly engine files it under Blend (value score 70, growth score 85, out of 100).
Nine valuation models for KINS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 22.12 | +10% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 70.53 | +251% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.71 | +28% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 149.22 | +643% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 128.43 | +540% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 227.18 | +1031% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 3.09 | -85% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 27.08 | +35% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 3.64 | -82% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Kingstone Companies, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 3.9/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 32.1%, ROE 33.2%, ROA 9.0% - with debt at 0.04 times equity and a free-cash-flow yield of 28.6%.
The dividend yield is 1.05% with a payout ratio of 8% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Reportable 100% (quarter Q2 FY2026).
Institutional ownership scores 7/10, insider activity 8/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 32.1% |
|---|---|---|---|
| GLS Moat | 3.9 / 10 | ROE | 33.2% |
| Debt / equity | 0.04 | ROA | 9.0% |
| Free-cash-flow yield | 28.6% | Payout ratio | 8% |
| Institutions | 7 / 10 | Insiders · Congress | 8 · 5 / 10 |
Wheel Score 51: Fair
A Wheel Score of 51 keeps Kingstone Companies, Inc. under 70, the mark only a stock that passes all 9 Wheel Trade Filters can reach: it fails filter 8, big enough - market cap $291M (under $1.0B). The parts: value strong, premium strong, moat fair, health good, red flags strong, option trading weak, stability fair.
Implied volatility is 49% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 4,082 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 95k shares a day on a market cap of $291M, with a beta of 0.42 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $291M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 75% below fair value | |
| Premium | Strong | implied volatility 49% | |
| Moat | Fair | moat 3.9/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 220 contracts a day, 4,082 open interest | |
| Stability | Fair | beta 0.42, $291M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Kingstone Companies, Inc. reports earnings on 5 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk. The shares go ex-dividend on 10 Nov 2026 (0.0600 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Kingstone Companies, Inc. by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| NODK NI Holdings, Inc. | 15.46 | 7.83 | -98% | 17No options | $315M |
| GBLI Global Indemnity Group, LLC | 22.03 | 48.55 | +55% | 31No options | $323M |
| FACO First Acceptance Corporation | 5.86 | 25.43 | +77% | 32No options | $216M |
| OIG Orion180 Insurance Group, Inc. Class A | 10.08 | - | - | 12No options | $394M |
| ACIC American Coastal Insurance Corporation | 10.64 | 37.28 | +71% | 45Weak | $516M |
| AII American Integrity Insurance Group, Inc. | 29.13 | 131.80 | +78% | 36No options | $571M |
| DGICA Donegal Group Inc. | 19.10 | 54.06 | +65% | 45Weak | $709M |
| ROOT Root, Inc. | 57.15 | 175.19 | +67% | 35Weak | $782M |
| MHLA Maiden Holdings, Ltd. 6.625 NT 2046 | 9.13 | 13.73 | +34% | 23No options | $790M |
| DGICB Donegal Group Inc. | 24.19 | 60.52 | +60% | 32No options | $791M |
| HIPO Hippo Holdings Inc. | 35.88 | 60.26 | +40% | 44Weak | $955M |
| HRTG Heritage Insurance Holdings, Inc. | 35.73 | 200.07 | +82% | 83Good | $1.1B |
⚖ Compare KINS with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about KINS
Is KINS undervalued right now?
By the GLS models, yes: at 20.08 the stock is 75% below the average fair value of 81.67 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of KINS and what does it mean?
KINS scores 51 out of 100 (Fair) - it fails Wheel Trade Filter 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for KINS?
81.67 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Kingstone Companies, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does KINS have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 4,082 open interest across all expiries and implied volatility of 49% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.