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.（紐約證券交易所代碼：KNSL）股東們不會很高興看到股價經歷了一個非常艱難的月份，下跌了30％，抵消了前一時期的積極表現。回顧過去的十二個月，該股無論如何都表現良好，漲幅爲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.
即使在價格大幅下跌之後，Kinsale Capital Group目前仍可能以24.8倍的市盈率（或 “市盈率”）發出看跌信號，因爲幾乎一半的美國公司的市盈率低於16倍，甚至市盈率低於9倍也並不罕見。但是，市盈率之高可能是有原因的，需要進一步調查以確定其是否合理。
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.
最近令金賽爾資本集團感到高興，因爲儘管市場收益出現逆轉，但其收益卻有所增加。看來許多人預計該公司將繼續克服更廣泛的市場逆境，這增加了投資者購買股票的意願。如果不是，那麼現有股東可能會對股價的可行性有些緊張。
NYSE:KNSL Price to Earnings Ratio vs Industry April 27th 2024
紐約證券交易所：KNSL 對比行業的市盈率 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.
想了解分析師如何看待金賽爾資本集團的未來與該行業的對立嗎？在這種情況下，我們的免費報告是一個很好的起點。
What Are Growth Metrics Telling Us About The High P/E?
關於高市盈率，增長指標告訴我們什麼？
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.
只有當公司的增長有望超越市場時，你才能真正放心地看到像金賽爾資本集團一樣高的市盈率。
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.
如果我們回顧一下去年的收益增長，該公司公佈了90％的驚人增長。最近的強勁表現意味着它在過去三年中還能夠將每股收益總額增長194％。因此，可以公平地說，該公司最近的收益增長非常好。
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.
談到前景，根據關注該公司的七位分析師的估計，未來三年將實現每年10％的增長。預計市場每年將實現11％的增長，該公司有望實現可比的收益業績。
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.
有了這些信息，我們發現有趣的是，與市場相比，金賽爾資本集團的市盈率很高。看來大多數投資者無視相當平均的增長預期，願意爲股票敞口付出代價。但是，由於這種收益增長水平最終可能會壓低股價，因此很難實現額外的收益。
The Final Word
最後一句話
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的市盈率背後仍然有一定的實力，如果不是最近的股價的話。有人認爲，市盈率在某些行業中是衡量價值的次要指標，但它可能是一個有力的商業信心指標。
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.
我們對Kinsale Capital Group分析師預測的審查顯示，其與市場匹配的收益前景對高市盈率的影響沒有我們預期的那麼大。目前，我們對相對較高的股價感到不舒服，因爲預期的未來收益不太可能長期支撐這種積極情緒。這使股東的投資處於風險之中，潛在投資者面臨支付不必要的溢價的危險。
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.
我們不想在遊行隊伍中下太多雨，但我們也確實爲金賽爾資本集團找到了一個需要注意的警告標誌。
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).
重要的是要確保你尋找一家優秀的公司，而不僅僅是你遇到的第一個想法。因此，來看看這份免費名單，列出了最近收益增長強勁（市盈率低）的有趣公司。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
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