Kinsale Capital Group, Inc. (KNSL) intrinsic value & 10-year financials
Kinsale Capital Group, Inc. (KNSL) has a Graham intrinsic value of $719.12 per share. At $365.24 on Oct 16, 2026, the stock trades 49% below that value. Over the last 10 fiscal years revenue grew 33.2% a year to $1.9B, with an average return on invested capital of 20.4%.
- Graham intrinsic value
- $719.12
- Share price (Oct 16, 2026)
- $365.24
- Price vs Graham value
- 49% below
- Market cap
- $8.5B
- Revenue (FY2025)
- $1.9B
- Revenue growth (10-yr CAGR)
- 33.2%
- ROIC (10-yr avg)
- 20.4%
- Free cash flow (FY2025)
- $990.1M
KNSL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.9B | $503.6M | $21.65 | $990.1M | — | 26.6% |
| FY2024 | $1.6B | $414.8M | $17.78 | $952.4M | — | 28.5% |
| FY2023 | $1.2B | $308.1M | $13.22 | $853.2M | — | 28.8% |
| FY2022 | $819.2M | $159.1M | $6.88 | $550.9M | — | 21.2% |
| FY2021 | $639.8M | $152.7M | $6.62 | $401.1M | — | 24.6% |
| FY2020 | $459.9M | $88.4M | $3.87 | $247.1M | — | 18.0% |
| FY2019 | $315.9M | $63.3M | $2.86 | $158.7M | — | 18.9% |
| FY2018 | $222.1M | $33.8M | $1.56 | $102.7M | — | 13.5% |
| FY2017 | $186.8M | $24.9M | $1.16 | $77.2M | — | 11.1% |
| FY2016 | $141.6M | $26.2M | — | $73.2M | — | 12.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Kinsale Capital Group, Inc. is a consistent compounder, expanding top-line revenue at 33.2% annually over the past decade.
Kinsale Capital Group, Inc. has earned high returns on invested capital, averaging 25.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Kinsale Capital Group, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kinsale Capital Group, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $719.12 per share.