Kinsale Capital Group, Inc. (NYSE:KNSL) May Have Run Too Fast Too Soon With Recent 30% Price Plummet
Kinsale Capital Group, Inc. (NYSE:KNSL) May Have Run Too Fast Too Soon With Recent 30% Price Plummet
Kinsale Capital Group, Inc. (NYSE:KNSL) shareholders won't be pleased to see that the share price has had a very rough month, dropping 30% and undoing the prior period's positive performance. Looking back over the past twelve months the stock has been a solid performer regardless, with a gain of 15%.
Kinsale Capital Group, Inc.（纽约证券交易所代码：KNSL）股东们不会很高兴看到股价经历了一个非常艰难的月份，下跌了30％，抵消了前一时期的积极表现。回顾过去的十二个月，该股无论如何都表现良好，涨幅为15％。
Even after such a large drop in price, Kinsale Capital Group may still be sending bearish signals at the moment with its price-to-earnings (or "P/E") ratio of 24.8x, since almost half of all companies in the United States have P/E ratios under 16x and even P/E's lower than 9x are not unusual. However, the P/E might be high for a reason and it requires further investigation to determine if it's justified.
即使在价格大幅下跌之后，Kinsale Capital Group目前仍可能以24.8倍的市盈率（或 “市盈率”）发出看跌信号，因为几乎一半的美国公司的市盈率低于16倍，甚至市盈率低于9倍也并不罕见。但是，市盈率之高可能是有原因的，需要进一步调查以确定其是否合理。
Recent times have been pleasing for Kinsale Capital Group as its earnings have risen in spite of the market's earnings going into reverse. It seems that many are expecting the company to continue defying the broader market adversity, which has increased investors' willingness to pay up for the stock. If not, then existing shareholders might be a little nervous about the viability of the share price.
最近令金赛尔资本集团感到高兴，因为尽管市场收益出现逆转，但其收益却有所增加。看来许多人预计该公司将继续克服更广泛的市场逆境，这增加了投资者购买股票的意愿。如果不是，那么现有股东可能会对股价的可行性有些紧张。
NYSE:KNSL Price to Earnings Ratio vs Industry April 27th 2024
纽约证券交易所：KNSL 对比行业的市盈率 2024 年 4 月 27 日
Keen to find out how analysts think Kinsale Capital Group's future stacks up against the industry? In that case, our free report is a great place to start.
想了解分析师如何看待金赛尔资本集团的未来与该行业的对立吗？在这种情况下，我们的免费报告是一个很好的起点。
What Are Growth Metrics Telling Us About The High P/E?
关于高市盈率，增长指标告诉我们什么？
The only time you'd be truly comfortable seeing a P/E as high as Kinsale Capital Group's is when the company's growth is on track to outshine the market.
只有当公司的增长有望超越市场时，你才能真正放心地看到像金赛尔资本集团一样高的市盈率。
If we review the last year of earnings growth, the company posted a terrific increase of 90%. The strong recent performance means it was also able to grow EPS by 194% in total over the last three years. Therefore, it's fair to say the earnings growth recently has been superb for the company.
如果我们回顾一下去年的收益增长，该公司公布了90％的惊人增长。最近的强劲表现意味着它在过去三年中还能够将每股收益总额增长194％。因此，可以公平地说，该公司最近的收益增长非常好。
Turning to the outlook, the next three years should generate growth of 10% per year as estimated by the seven analysts watching the company. With the market predicted to deliver 11% growth each year, the company is positioned for a comparable earnings result.
谈到前景，根据关注该公司的七位分析师的估计，未来三年将实现每年10％的增长。预计市场每年将实现11％的增长，该公司有望实现可比的收益业绩。
With this information, we find it interesting that Kinsale Capital Group is trading at a high P/E compared to the market. It seems most investors are ignoring the fairly average growth expectations and are willing to pay up for exposure to the stock. Although, additional gains will be difficult to achieve as this level of earnings growth is likely to weigh down the share price eventually.
有了这些信息，我们发现有趣的是，与市场相比，金赛尔资本集团的市盈率很高。看来大多数投资者无视相当平均的增长预期，愿意为股票敞口付出代价。但是，由于这种收益增长水平最终可能会压低股价，因此很难实现额外的收益。
The Final Word
最后一句话
There's still some solid strength behind Kinsale Capital Group's P/E, if not its share price lately. It's argued the price-to-earnings ratio is an inferior measure of value within certain industries, but it can be a powerful business sentiment indicator.
Kinsale Capital Group的市盈率背后仍然有一定的实力，如果不是最近的股价的话。有人认为，市盈率在某些行业中是衡量价值的次要指标，但它可能是一个有力的商业信心指标。
Our examination of Kinsale Capital Group's analyst forecasts revealed that its market-matching earnings outlook isn't impacting its high P/E as much as we would have predicted. Right now we are uncomfortable with the relatively high share price as the predicted future earnings aren't likely to support such positive sentiment for long. This places shareholders' investments at risk and potential investors in danger of paying an unnecessary premium.
我们对Kinsale Capital Group分析师预测的审查显示，其与市场匹配的收益前景对高市盈率的影响没有我们预期的那么大。目前，我们对相对较高的股价感到不舒服，因为预期的未来收益不太可能长期支撑这种积极情绪。这使股东的投资处于风险之中，潜在投资者面临支付不必要的溢价的危险。
We don't want to rain on the parade too much, but we did also find 1 warning sign for Kinsale Capital Group that you need to be mindful of.
我们不想在游行队伍中下太多雨，但我们也确实为金赛尔资本集团找到了一个需要注意的警告标志。
It's important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).
重要的是要确保你寻找一家优秀的公司，而不仅仅是你遇到的第一个想法。因此，来看看这份免费名单，列出了最近收益增长强劲（市盈率低）的有趣公司。
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