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Added to YB: 2025-05-22

Pitch date: 2025-05-20

KFS [bullish]

Kingsway Corporation

-13.77%

current return

Author Info

The Hermit is the official logbook of Hermit Ventures. We’re an active operating firm focused on extraordinary companies with market caps under $2bn. Sign up for the newsletter.

Company Info

Kingsway Corporation through its subsidiaries, engages in the extended warranty and business services in the United States.

Market Cap

$277.4M

Pitch Price

$11.26

Price Target

N/A

Dividend

N/A

EV/EBITDA

38.46

P/E

-31.73

EV/Sales

2.29

Sector

Insurance

Category

growth

Show full summary:
Top 5 NEW Companies from Planet Microcap - Kingsway Financial Services Inc.

KFS: Holding co pioneering search fund model w/ centralized support & permanent capital. 35.1% IRR asset class, 50% success rate. Owns multiple businesses, backing 3 searchers. CEO Fitzgerald has strong track record. Valued ~$200M (SOTP), but potential upside from standout deals. Negatives: expensive 8% convertible preferred shares. Key risk: 50% failure rate in search funds. Overall: 8/10.

Read full article (4 min)