Kingsway Corporation (KWY) - Net Assets
Based on the latest financial reports, Kingsway Corporation (KWY) has net assets worth $32.34 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($227.83 Million) and total liabilities ($195.49 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. For live market cap and overall valuation, see Kingsway Corporation stock valuation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.34 Million |
| % of Total Assets | 14.19% |
| Annual Growth Rate | 15.87% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 47.34 |
Kingsway Corporation - Net Assets Trend (2022–2025)
This chart illustrates how Kingsway Corporation's net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for Kingsway Corporation (2022–2025)
The table below shows the annual net assets of Kingsway Corporation from 2022 to 2025. See KWY equity to assets ratio to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $34.41 Million | +88.02% |
| 2024-12-31 | $18.30 Million | -25.63% |
| 2023-12-31 | $24.61 Million | +11.26% |
| 2022-12-31 | $22.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kingsway Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 294300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $296.00K | 0.94% |
| Other Comprehensive Income | $-60.00K | -0.19% |
| Other Components | $404.55 Million | 1287.61% |
| Total Equity | $31.42 Million | 100.00% |
Kingsway Corporation Competitors by Market Cap
The table below lists competitors of Kingsway Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$293.15 Million |
|
Zhubo Design
SHE:300564
|
$293.18 Million |
|
Taskus Inc
NASDAQ:TASK
|
$293.23 Million |
|
JSL S.A
SA:JSLG3
|
$293.41 Million |
|
Hypothekarbank Lenzburg AG
SW:HBLN
|
$293.12 Million |
|
SolGold PLC
TO:SOLG
|
$293.08 Million |
|
Anhui Fuhuang Steel Structure Co Ltd
SHE:002743
|
$292.99 Million |
|
Fubotv Inc
NYSE:FUBO
|
$292.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kingsway Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,663,000 to 31,419,000, a change of 14,756,000 (88.6%).
- Net loss of 10,731,000 reduced equity.
- Dividend payments of 1,024,000 reduced retained earnings.
- Share repurchases of 345,000 reduced equity.
- New share issuances of 23,602,000 increased equity.
- Other comprehensive income decreased equity by 60,000.
- Other factors increased equity by 3,314,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.73 Million | -34.15% |
| Dividends Paid | $1.02 Million | -3.26% |
| Share Repurchases | $345.00K | -1.1% |
| Share Issuances | $23.60 Million | +75.12% |
| Other Comprehensive Income | $-60.00K | -0.19% |
| Other Changes | $3.31 Million | +10.55% |
| Total Change | $- | 88.56% |
Book Value vs Market Value Analysis
This analysis compares Kingsway Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.14x to 9.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $0.94 | $10.42 | x |
| 2023-12-31 | $1.02 | $10.42 | x |
| 2024-12-31 | $0.61 | $10.42 | x |
| 2025-12-31 | $1.13 | $10.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kingsway Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -34.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.85%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 7.37x
- Recent ROE (-34.15%) is below the historical average (27.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 114.01% | 21.56% | 0.40x | 13.17x | $22.55 Million |
| 2023 | 85.02% | 21.88% | 0.54x | 7.14x | $20.79 Million |
| 2024 | -55.64% | -8.24% | 0.60x | 11.20x | $-10.94 Million |
| 2025 | -34.15% | -7.85% | 0.59x | 7.37x | $-13.87 Million |
Industry Comparison
This section compares Kingsway Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,282,900,711
- Average return on equity (ROE) among peers: -43.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingsway Corporation (KWY) | $32.34 Million | 114.01% | 6.04x | $293.13 Million |
| Acadian Asset Management Inc (AAMI) | $2.56 Billion | 2.02% | 2.04x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.37 Billion | 18.12% | 0.01x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $370.30 Million | 7.23% | 0.04x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.56 Million | -137.00% | 1.03x | $194.14 Million |
| Alpha Compute Corp (ALP) | $5.07 Million | -124.32% | 0.04x | $3.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $85.02 Million | -7.77% | 0.44x | $413.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $84.94 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.41 Billion |
| Ameriprise Financial Inc (AMP) | $5.62 Billion | 1.55% | 11.76x | $40.38 Billion |
About Kingsway Corporation
Kingsway Corporation through its subsidiaries, engages in the extended warranty and business services in the United States. It operates through two segments: Kingsway Search Xcelerator and Extended Warranty. The Extended Warranty segment markets, sells, and administers vehicle service agreements and related products for new and used automobiles, motorcycles, and ATVs. This segment also markets an… Read more