Kingsway Financial Services Inc. Logo

Kingsway Financial Services Inc.

KFSYF

(1.8)
Stock Price

1,77 USD

-4.83% ROA

82.78% ROE

-42.72x PER

Market Cap.

230.552.361,00 USD

230.03% DER

0% Yield

22.75% NPM

Kingsway Financial Services Inc. Stock Analysis

Kingsway Financial Services Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Kingsway Financial Services Inc. Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (217.36%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 PBV

The stock's PBV ratio (1.77x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

4 Graham Number

Based on the Graham number, this company's stock price appears to be lower than its intrinsic value, signaling a potentially favorable investment choice.

5 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (12) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

6 DER

The stock is burdened with a heavy load of debt (171%), making it financially unstable and potentially risky for investors.

7 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

8 Net Profit Growth

Throughout the last five years, this company's net profit has remained unchanged, indicating a lack of growth and making it a less favorable investment option.

9 Assets Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

10 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

11 Dividend

Investors should be cautious as the company hasn't distributed dividends in the last three years, possibly indicating financial challenges.

Kingsway Financial Services Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Kingsway Financial Services Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Sell
3 RSI Hold
4 Stoch RSI Buy

Kingsway Financial Services Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Kingsway Financial Services Inc. Revenue
Year Revenue Growth
1995 37.394.415
1996 86.601.247 56.82%
1997 137.174.882 36.87%
1998 229.370.938 40.2%
1999 333.693.922 31.26%
2000 396.739.000 15.89%
2001 588.865.438 32.63%
2002 1.155.342.975 49.03%
2003 1.939.731.024 40.44%
2004 2.027.376.179 4.32%
2005 1.923.217.000 -5.42%
2006 1.916.355.000 -0.36%
2007 2.035.685.000 5.86%
2008 1.475.594.000 -37.96%
2009 452.698.000 -225.96%
2010 248.077.000 -82.48%
2011 228.547.000 -8.55%
2012 159.659.000 -43.15%
2013 172.160.000 7.26%
2014 187.834.000 8.34%
2015 158.751.000 -18.32%
2016 176.615.000 10.11%
2017 193.179.000 8.57%
2018 43.610.000 -342.97%
2019 63.214.000 31.01%
2020 65.717.000 3.81%
2021 94.775.000 30.66%
2022 114.689.000 17.36%
2023 103.504.000 -10.81%
2023 109.298.000 5.3%
2024 108.284.000 -0.94%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Kingsway Financial Services Inc. Research and Development Expenses
Year Research and Development Expenses Growth
1995 0
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Kingsway Financial Services Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
1995 2.786.250
1996 8.463.137 67.08%
1997 13.417.003 36.92%
1998 29.363.126 54.31%
1999 42.443.827 30.82%
2000 44.626.000 4.89%
2001 51.469.239 13.3%
2002 77.978.288 34%
2003 109.974.012 29.09%
2004 160.248.390 31.37%
2005 155.773.000 -2.87%
2006 182.256.000 14.53%
2007 243.082.000 25.02%
2008 256.483.000 5.22%
2009 110.484.000 -132.14%
2010 83.990.000 -31.54%
2011 77.936.000 -7.77%
2012 73.931.000 -5.42%
2013 79.812.000 7.37%
2014 67.233.000 -18.71%
2015 41.760.000 -61%
2016 41.629.000 -0.31%
2017 46.269.000 10.03%
2018 29.367.000 -57.55%
2019 36.261.000 19.01%
2020 41.950.000 13.56%
2021 48.733.000 13.92%
2022 43.519.000 -11.98%
2023 41.276.000 -5.43%
2023 41.805.000 1.27%
2024 44.132.000 5.27%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Kingsway Financial Services Inc. EBITDA
Year EBITDA Growth
1995 3.519.474
1996 11.089.629 68.26%
1997 19.566.463 43.32%
1998 36.329.544 46.14%
1999 21.015.206 -72.87%
2000 34.421.000 38.95%
2001 45.909.496 25.02%
2002 53.182.664 13.68%
2003 76.712.909 30.67%
2004 145.062.139 47.12%
2005 198.772.000 27.02%
2006 175.062.000 -13.54%
2007 32.998.000 -430.52%
2008 -229.706.000 114.37%
2009 -286.135.000 19.72%
2010 -22.915.000 -1148.68%
2011 -10.558.000 -117.04%
2012 -46.111.000 77.1%
2013 -33.090.000 -39.35%
2014 -11.090.000 -198.38%
2015 3.045.000 464.2%
2016 1.258.000 -142.05%
2017 -16.417.000 107.66%
2018 -9.497.000 -72.87%
2019 -13.169.000 27.88%
2020 -14.867.000 11.42%
2021 -12.724.000 -16.84%
2022 44.018.000 128.91%
2023 -832.000 5390.63%
2023 5.934.000 114.02%
2024 3.980.000 -49.1%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Kingsway Financial Services Inc. Gross Profit
Year Gross Profit Growth
1995 37.394.415
1996 86.601.247 56.82%
1997 137.174.882 36.87%
1998 229.370.938 40.2%
1999 333.693.922 31.26%
2000 396.739.000 15.89%
2001 588.865.438 32.63%
2002 1.155.342.975 49.03%
2003 1.939.731.024 40.44%
2004 2.027.376.179 4.32%
2005 1.923.217.000 -5.42%
2006 1.916.355.000 -0.36%
2007 2.035.685.000 5.86%
2008 1.475.594.000 -37.96%
2009 452.698.000 -225.96%
2010 248.077.000 -82.48%
2011 228.547.000 -8.55%
2012 158.700.000 -44.01%
2013 168.131.000 5.61%
2014 182.334.000 7.79%
2015 153.463.000 -18.81%
2016 171.180.000 10.35%
2017 185.492.000 7.72%
2018 36.240.000 -411.84%
2019 58.513.000 38.07%
2020 63.025.000 7.16%
2021 87.723.000 28.15%
2022 90.608.000 3.18%
2023 78.600.000 -15.28%
2023 42.487.000 -85%
2024 40.160.000 -5.79%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Kingsway Financial Services Inc. Net Profit
Year Net Profit Growth
1995 2.786.250
1996 8.171.305 65.9%
1997 15.513.410 47.33%
1998 20.183.080 23.14%
1999 9.370.715 -115.38%
2000 18.317.000 48.84%
2001 28.223.344 35.1%
2002 50.518.639 44.13%
2003 65.765.710 23.18%
2004 108.976.491 39.65%
2005 135.008.000 19.28%
2006 123.309.000 -9.49%
2007 -18.526.000 765.6%
2008 -405.865.000 95.44%
2009 -290.287.000 -39.82%
2010 -38.243.000 -659.06%
2011 -20.138.000 -89.9%
2012 -52.083.000 61.33%
2013 -36.861.000 -41.3%
2014 -12.820.000 -187.53%
2015 1.107.000 1258.08%
2016 803.000 -37.86%
2017 -15.469.000 105.19%
2018 -26.586.000 41.82%
2019 -2.769.000 -860.13%
2020 -5.422.000 48.93%
2021 1.860.000 391.51%
2022 24.722.000 92.48%
2023 -4.104.000 702.39%
2023 23.559.000 117.42%
2024 -9.452.000 349.25%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Kingsway Financial Services Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1995 0
1996 1 0%
1997 2 100%
1998 2 50%
1999 1 -100%
2000 2 50%
2001 3 33.33%
2002 4 25%
2003 5 0%
2004 7 42.86%
2005 10 22.22%
2006 9 -12.5%
2007 -1 900%
2008 -29 96.55%
2009 -22 -38.1%
2010 -3 -950%
2011 -2 -100%
2012 -4 66.67%
2013 -3 -50%
2014 -1 0%
2015 0 0%
2016 0 0%
2017 -1 0%
2018 -1 100%
2019 0 0%
2020 0 0%
2021 0 0%
2022 1 100%
2023 0 0%
2023 1 0%
2024 0 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Kingsway Financial Services Inc. Free Cashflow
Year Free Cashflow Growth
1995 7.478.882
1996 26.556.742 71.84%
1997 29.279.813 9.3%
1998 -51.043.662 157.36%
1999 413.413 12446.89%
2000 56.127.000 99.26%
2001 24.456.337 -129.5%
2002 41.882.474 41.61%
2003 22.837.511 -83.39%
2004 125.773.204 81.84%
2005 254.409.000 50.56%
2006 123.872.000 -105.38%
2007 -99.317.000 224.72%
2008 -466.357.000 78.7%
2009 -668.321.000 30.22%
2010 -71.454.000 -835.32%
2011 -77.458.000 7.75%
2012 -46.866.000 -65.28%
2013 -42.940.000 -9.14%
2014 -9.968.000 -330.78%
2015 -33.008.000 69.8%
2016 -16.234.000 -103.33%
2017 -14.428.000 -12.52%
2018 -10.143.000 -42.25%
2019 -971.000 -944.59%
2020 1.459.000 166.55%
2021 -6.738.000 121.65%
2022 11.887.000 156.68%
2023 -901.000 1419.31%
2023 -26.416.000 96.59%
2024 307.389 8693.67%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Kingsway Financial Services Inc. Operating Cashflow
Year Operating Cashflow Growth
1995 8.065.462
1996 32.904.096 75.49%
1997 31.795.502 -3.49%
1998 41.082.333 22.61%
1999 23.220.080 -76.93%
2000 61.683.000 62.36%
2001 24.456.337 -152.22%
2002 41.882.475 41.61%
2003 22.837.511 -83.39%
2004 125.773.204 81.84%
2005 273.747.000 54.05%
2006 167.228.000 -63.7%
2007 -99.317.000 268.38%
2008 -462.470.000 78.52%
2009 -666.316.000 30.59%
2010 -69.945.000 -852.63%
2011 -76.114.000 8.1%
2012 -46.696.000 -63%
2013 -41.814.000 -11.68%
2014 -14.624.000 -185.93%
2015 -32.805.000 55.42%
2016 -15.589.000 -110.44%
2017 -18.977.000 17.85%
2018 -10.143.000 -87.09%
2019 -759.000 -1236.36%
2020 1.672.000 145.39%
2021 -5.908.000 128.3%
2022 -14.574.000 59.46%
2023 -835.000 -1645.39%
2023 -26.211.000 96.81%
2024 551.296 4854.43%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Kingsway Financial Services Inc. Capital Expenditure
Year Capital Expenditure Growth
1995 586.579
1996 6.347.353 90.76%
1997 2.515.688 -152.31%
1998 92.125.995 97.27%
1999 22.806.667 -303.94%
2000 5.556.000 -310.49%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 19.338.000 100%
2006 43.356.000 55.4%
2007 0 0%
2008 3.887.000 100%
2009 2.005.000 -93.87%
2010 1.509.000 -32.87%
2011 1.344.000 -12.28%
2012 170.000 -690.59%
2013 1.126.000 84.9%
2014 -4.656.000 124.18%
2015 203.000 2393.6%
2016 645.000 68.53%
2017 -4.549.000 114.18%
2018 0 0%
2019 212.000 100%
2020 213.000 0.47%
2021 830.000 74.34%
2022 -26.461.000 103.14%
2023 66.000 40192.42%
2023 205.000 67.8%
2024 243.907 15.95%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Kingsway Financial Services Inc. Equity
Year Equity Growth
1995 26.909.314
1996 63.181.702 57.41%
1997 148.984.640 57.59%
1998 162.831.881 8.5%
1999 166.743.607 2.35%
2000 181.845.000 8.3%
2001 337.216.547 46.07%
2002 389.329.293 13.39%
2003 543.626.857 28.38%
2004 666.424.043 18.43%
2005 804.715.000 17.19%
2006 900.962.000 10.68%
2007 940.801.000 4.23%
2008 453.572.000 -107.42%
2009 169.339.000 -167.85%
2010 94.806.000 -78.62%
2011 116.405.000 18.56%
2012 65.414.000 -77.95%
2013 36.920.000 -77.18%
2014 48.196.000 23.4%
2015 50.097.000 3.79%
2016 63.262.000 20.81%
2017 49.310.000 -28.29%
2018 24.792.000 -98.89%
2019 20.773.000 -19.35%
2020 18.663.000 -11.31%
2021 14.754.000 -26.49%
2022 22.121.000 33.3%
2023 24.611.000 10.12%
2023 28.128.000 12.5%
2024 17.217.000 -63.37%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Kingsway Financial Services Inc. Assets
Year Assets Growth
1995 64.377.053
1996 181.081.968 64.45%
1997 357.227.711 49.31%
1998 659.400.757 45.83%
1999 738.426.133 10.7%
2000 782.774.000 5.67%
2001 1.117.315.544 29.94%
2002 1.895.709.231 41.06%
2003 2.799.599.003 32.29%
2004 3.518.982.813 20.44%
2005 3.795.194.000 7.28%
2006 4.048.338.000 6.25%
2007 4.657.405.000 13.08%
2008 3.343.441.000 -39.3%
2009 1.957.355.000 -70.81%
2010 519.581.000 -276.72%
2011 374.081.000 -38.9%
2012 372.800.000 -0.34%
2013 324.639.000 -14.84%
2014 301.722.000 -7.6%
2015 241.022.000 -25.18%
2016 501.021.000 51.89%
2017 484.600.000 -3.39%
2018 357.339.000 -35.61%
2019 399.623.000 10.58%
2020 452.474.000 11.68%
2021 475.634.000 4.87%
2022 285.650.000 -66.51%
2023 206.732.000 -38.17%
2023 198.044.000 -4.39%
2024 192.343.000 -2.96%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Kingsway Financial Services Inc. Liabilities
Year Liabilities Growth
1995 0
1996 0 0%
1997 0 0%
1998 65.692.670 100%
1999 105.627.252 37.81%
2000 95.438.000 -10.68%
2001 780.098.996 87.77%
2002 1.506.379.937 48.21%
2003 2.255.972.146 33.23%
2004 2.852.558.770 20.91%
2005 2.990.479.000 4.61%
2006 3.147.376.000 4.99%
2007 3.716.604.000 15.32%
2008 2.889.869.000 -28.61%
2009 1.788.016.000 -61.62%
2010 424.775.000 -320.93%
2011 257.676.000 -64.85%
2012 307.386.000 16.17%
2013 287.719.000 -6.84%
2014 253.526.000 -13.49%
2015 190.925.000 -32.79%
2016 437.759.000 56.39%
2017 435.290.000 -0.57%
2018 332.547.000 -30.9%
2019 347.325.000 4.25%
2020 387.001.000 10.25%
2021 412.964.000 6.29%
2022 263.529.000 -56.71%
2023 182.121.000 -44.7%
2023 169.916.000 -7.18%
2024 175.126.000 2.98%

Kingsway Financial Services Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4.01
Net Income per Share
-0.19
Price to Earning Ratio
-42.72x
Price To Sales Ratio
2.11x
POCF Ratio
-13.47
PFCF Ratio
-13.22
Price to Book Ratio
10.96
EV to Sales
2.39
EV Over EBITDA
98.32
EV to Operating CashFlow
-15.55
EV to FreeCashFlow
-14.99
Earnings Yield
-0.02
FreeCashFlow Yield
-0.08
Market Cap
0,23 Bil.
Enterprise Value
0,26 Bil.
Graham Number
1.82
Graham NetNet
-5.42

Income Statement Metrics

Net Income per Share
-0.19
Income Quality
3.04
ROE
-0.2
Return On Assets
0.12
Return On Capital Employed
0
Net Income per EBT
0.99
EBT Per Ebit
24.79
Ebit per Revenue
0.01
Effective Tax Rate
-0.08

Margins

Sales, General, & Administrative to Revenue
0.4
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.02
Gross Profit Margin
0.74
Operating Profit Margin
0.01
Pretax Profit Margin
0.23
Net Profit Margin
0.23

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
-0.62
Free CashFlow per Share
-0.64
Capex to Operating CashFlow
-0.04
Capex to Revenue
0.01
Capex to Depreciation
0.1
Return on Invested Capital
-0.02
Return on Tangible Assets
-0.05
Days Sales Outstanding
39.48
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
9.25
Payables Turnover
0
Inventory Turnover
0
Capex per Share
0.02

Balance Sheet

Cash per Share
0,66
Book Value per Share
0,63
Tangible Book Value per Share
-2.39
Shareholders Equity per Share
0.76
Interest Debt per Share
1.91
Debt to Equity
2.3
Debt to Assets
0.25
Net Debt to EBITDA
11.58
Current Ratio
0.46
Tangible Asset Value
-0,07 Bil.
Net Current Asset Value
-0,17 Bil.
Invested Capital
74007000
Working Capital
-0,01 Bil.
Intangibles to Total Assets
0.43
Average Receivables
0,01 Bil.
Average Payables
0,00 Bil.
Average Inventory
0
Debt to Market Cap
0.21

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Kingsway Financial Services Inc. Dividends
Year Dividends Growth

Kingsway Financial Services Inc. Profile

About Kingsway Financial Services Inc.

Kingsway Financial Services Inc., through its subsidiaries, engages in the extended warranty business services, asset management, and real estate businesses. The company operates through three segments: Extended Warranty, Leased Real Estate, and Kingsway Search Xcelerator. 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 sells new home warranty products, as well as offers uninsured warrant administration services to homebuilders and homeowners; markets and distributes warranty products to manufacturers, distributors, and installers of heating, ventilation and air conditioning, standby generator, commercial LED lighting, and commercial refrigeration equipment; and provides equipment breakdown and maintenance support services to companies. The Leased Real Estate segment owns a parcel of real property consisting of approximately 192 acres located in the State of Texas. The Kingsway Search Xcelerator offers outsourced finance and human resources consulting services, including operational accounting, such as bookkeeping, accounting, financial reporting, and analysis and strategic finance services; technical accounting comprising initial public offerings, SEC reporting, and international consolidation services; human resources, workforce management, and compliance support services; and advisory services. The company offers its products and services through credit unions, dealers, homebuilders, and consumers. Kingsway Financial Services Inc. was incorporated in 1989 and is based in Itasca, Illinois.

CEO
Mr. John Taylor-Maloney Fitzge
Employee
471
Address
150 East Pierce Road
Itasca, 60143

Kingsway Financial Services Inc. Executives & BODs

Kingsway Financial Services Inc. Executives & BODs
# Name Age
1 Mr. Denis Cloutier
Vice President and Chief Actuary of Canadian Operations
70
2 Mr. John Taylor-Maloney Fitzgerald
Pres, Chief Executive Officer & Director
70
3 Mr. Kent A. Hansen
Executive Vice President & Chief Financial Officer
70
4 Mr. Adam Prior
Senior Vice President, Equity Group Inc.
70
5 Ms. Leonia Rodrigues
Pres of Assigned Risk Solutions Ltd
70
6 Mr. Douglas Neil Raucy
Chief Executive Officer of Maison Insurance Company & Pres of Maison Insurance Company
70
7 Mr. Stephen Joe Harrison
Pres of Mendota Insurance Company
70

Kingsway Financial Services Inc. Competitors