Kaman Corporation (KAMN) Fundamental Analysis & Valuation

NYSE:KAMN • US4835481031

Current stock price

45.99 USD
+0.12 (+0.26%)
At close:
45.99 USD
0 (0%)
After Hours:

This KAMN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. KAMN Profitability Analysis

1.1 Basic Checks

  • KAMN had positive earnings in the past year.
  • In the past year KAMN had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: KAMN reported negative net income in multiple years.
  • Of the past 5 years KAMN 4 years had a positive operating cash flow.
KAMN Yearly Net Income VS EBIT VS OCF VS FCFKAMN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M 150M 200M

1.2 Ratios

  • KAMN has a Return On Assets (0.53%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 1.16%, KAMN is in line with its industry, outperforming 51.56% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.49%, KAMN is in line with its industry, outperforming 48.44% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for KAMN is significantly below the industry average of 9.30%.
  • The last Return On Invested Capital (3.49%) for KAMN is above the 3 year average (2.89%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.53%
ROE 1.16%
ROIC 3.49%
ROA(3y)0.36%
ROA(5y)2.1%
ROE(3y)-0.05%
ROE(5y)3.2%
ROIC(3y)2.89%
ROIC(5y)3.14%
KAMN Yearly ROA, ROE, ROICKAMN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

1.3 Margins

  • KAMN has a Profit Margin (1.03%) which is comparable to the rest of the industry.
  • KAMN's Profit Margin has declined in the last couple of years.
  • KAMN's Operating Margin of 6.99% is fine compared to the rest of the industry. KAMN outperforms 60.94% of its industry peers.
  • In the last couple of years the Operating Margin of KAMN has remained more or less at the same level.
  • KAMN's Gross Margin of 34.96% is fine compared to the rest of the industry. KAMN outperforms 79.69% of its industry peers.
  • In the last couple of years the Gross Margin of KAMN has grown nicely.
Industry RankSector Rank
OM 6.99%
PM (TTM) 1.03%
GM 34.96%
OM growth 3Y6.24%
OM growth 5Y-1.42%
PM growth 3YN/A
PM growth 5Y-32.6%
GM growth 3Y3.74%
GM growth 5Y2.51%
KAMN Yearly Profit, Operating, Gross MarginsKAMN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

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3

2. KAMN Health Analysis

2.1 Basic Checks

  • KAMN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • KAMN has more shares outstanding than it did 1 year ago.
  • The debt/assets ratio for KAMN has been reduced compared to a year ago.
KAMN Yearly Shares OutstandingKAMN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
KAMN Yearly Total Debt VS Total AssetsKAMN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

2.2 Solvency

  • KAMN has an Altman-Z score of 2.32. This is not the best score and indicates that KAMN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of KAMN (2.32) is comparable to the rest of the industry.
  • KAMN has a debt to FCF ratio of 11.95. This is a negative value and a sign of low solvency as KAMN would need 11.95 years to pay back of all of its debts.
  • The Debt to FCF ratio of KAMN (11.95) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.52 indicates that KAMN is somewhat dependend on debt financing.
  • KAMN has a Debt to Equity ratio (0.52) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 11.95
Altman-Z 2.32
ROIC/WACC0.41
WACC8.55%
KAMN Yearly LT Debt VS Equity VS FCFKAMN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M

2.3 Liquidity

  • KAMN has a Current Ratio of 1.32. This is a normal value and indicates that KAMN is financially healthy and should not expect problems in meeting its short term obligations.
  • KAMN's Current ratio of 1.32 is on the low side compared to the rest of the industry. KAMN is outperformed by 65.63% of its industry peers.
  • KAMN has a Quick Ratio of 1.32. This is a bad value and indicates that KAMN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • KAMN has a Quick ratio of 0.71. This is amonst the worse of the industry: KAMN underperforms 82.81% of its industry peers.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 0.71
KAMN Yearly Current Assets VS Current LiabilitesKAMN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. KAMN Growth Analysis

3.1 Past

  • The earnings per share for KAMN have decreased strongly by -56.67% in the last year.
  • KAMN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -28.99% yearly.
  • Looking at the last year, KAMN shows a quite strong growth in Revenue. The Revenue has grown by 12.78% in the last year.
  • KAMN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.06% yearly.
EPS 1Y (TTM)-56.67%
EPS 3Y-35.63%
EPS 5Y-28.99%
EPS Q2Q%-71.43%
Revenue 1Y (TTM)12.78%
Revenue growth 3Y-0.37%
Revenue growth 5Y1.06%
Sales Q2Q%3.06%

3.2 Future

  • Based on estimates for the next years, KAMN will show a very strong growth in Earnings Per Share. The EPS will grow by 52.14% on average per year.
  • Based on estimates for the next years, KAMN will show a small growth in Revenue. The Revenue will grow by 4.19% on average per year.
EPS Next Y63.79%
EPS Next 2Y52.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.55%
Revenue Next 2Y4.19%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
KAMN Yearly Revenue VS EstimatesKAMN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
KAMN Yearly EPS VS EstimatesKAMN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

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Find the best growth stocksShow best growing peers

4

4. KAMN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 88.44, which means the current valuation is very expensive for KAMN.
  • The rest of the industry has a similar Price/Earnings ratio as KAMN.
  • The average S&P500 Price/Earnings ratio is at 27.18. KAMN is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 54.00 indicates a quite expensive valuation of KAMN.
  • The rest of the industry has a similar Price/Forward Earnings ratio as KAMN.
  • The average S&P500 Price/Forward Earnings ratio is at 37.96. KAMN is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 88.44
Fwd PE 54
KAMN Price Earnings VS Forward Price EarningsKAMN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • KAMN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. KAMN is cheaper than 67.19% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, KAMN is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 27.89
EV/EBITDA 17.51
KAMN Per share dataKAMN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • KAMN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as KAMN's earnings are expected to grow with 52.14% in the coming years.
PEG (NY)1.39
PEG (5Y)N/A
EPS Next 2Y52.14%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. KAMN Dividend Analysis

5.1 Amount

  • KAMN has a Yearly Dividend Yield of 1.74%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.35, KAMN pays a better dividend. On top of this KAMN pays more dividend than 89.06% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, KAMN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.74%

5.2 History

  • The dividend of KAMN decreases each year by -0.01%.
  • KAMN has paid a dividend for at least 10 years, which is a reliable track record.
  • KAMN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.01%
Div Incr Years0
Div Non Decr Years19
KAMN Yearly Dividends per shareKAMN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

  • KAMN pays out 281.70% of its income as dividend. This is not a sustainable payout ratio.
DP281.7%
EPS Next 2Y52.14%
EPS Next 3YN/A
KAMN Yearly Income VS Free CF VS DividendKAMN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M 150M 200M
KAMN Dividend Payout.KAMN Dividend Payout, showing the Payout Ratio.KAMN Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

KAMN Fundamentals: All Metrics, Ratios and Statistics

Kaman Corporation

NYSE:KAMN (4/18/2024, 8:04:00 PM)

After market: 45.99 0 (0%)

45.99

+0.12 (+0.26%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-22
Earnings (Next)04-30
Inst Owners18.47%
Inst Owner Change0%
Ins Owners2.19%
Ins Owner Change0%
Market Cap1.30B
Revenue(TTM)775.82M
Net Income(TTM)8.00M
Analysts80
Price Target46.92 (2.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
Yearly Dividend0.8
Dividend Growth(5Y)-0.01%
DP281.7%
Div Incr Years0
Div Non Decr Years19
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.32%
Min EPS beat(2)-13.92%
Max EPS beat(2)22.55%
EPS beat(4)3
Avg EPS beat(4)114.91%
Min EPS beat(4)-13.92%
Max EPS beat(4)292.16%
EPS beat(8)4
Avg EPS beat(8)49.67%
EPS beat(12)7
Avg EPS beat(12)43.31%
EPS beat(16)10
Avg EPS beat(16)38.35%
Revenue beat(2)1
Avg Revenue beat(2)0.58%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)1.72%
Revenue beat(4)3
Avg Revenue beat(4)2.93%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)7.19%
Revenue beat(8)3
Avg Revenue beat(8)-3.88%
Revenue beat(12)4
Avg Revenue beat(12)-3.78%
Revenue beat(16)7
Avg Revenue beat(16)-1.58%
PT rev (1m)0%
PT rev (3m)53.33%
EPS NQ rev (1m)-37.5%
EPS NQ rev (3m)-19.35%
EPS NY rev (1m)-13.92%
EPS NY rev (3m)7.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.82%
Valuation
Industry RankSector Rank
PE 88.44
Fwd PE 54
P/S 1.68
P/FCF 27.89
P/OCF 17.92
P/B 1.88
P/tB N/A
EV/EBITDA 17.51
EPS(TTM)0.52
EY1.13%
EPS(NY)0.85
Fwd EY1.85%
FCF(TTM)1.65
FCFY3.59%
OCF(TTM)2.57
OCFY5.58%
SpS27.39
BVpS24.42
TBVpS-1.4
PEG (NY)1.39
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.53%
ROE 1.16%
ROCE 4.69%
ROIC 3.49%
ROICexc 3.6%
ROICexgc 10.36%
OM 6.99%
PM (TTM) 1.03%
GM 34.96%
FCFM 6.02%
ROA(3y)0.36%
ROA(5y)2.1%
ROE(3y)-0.05%
ROE(5y)3.2%
ROIC(3y)2.89%
ROIC(5y)3.14%
ROICexc(3y)3.13%
ROICexc(5y)3.84%
ROICexgc(3y)6.92%
ROICexgc(5y)7.23%
ROCE(3y)3.89%
ROCE(5y)4.22%
ROICexgc growth 3Y20.58%
ROICexgc growth 5Y17.6%
ROICexc growth 3Y1.01%
ROICexc growth 5Y0.12%
OM growth 3Y6.24%
OM growth 5Y-1.42%
PM growth 3YN/A
PM growth 5Y-32.6%
GM growth 3Y3.74%
GM growth 5Y2.51%
F-Score8
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 11.95
Debt/EBITDA 3.43
Cap/Depr 51.96%
Cap/Sales 3.35%
Interest Coverage 250
Cash Conversion 69.74%
Profit Quality 584.28%
Current Ratio 1.32
Quick Ratio 0.71
Altman-Z 2.32
F-Score8
WACC8.55%
ROIC/WACC0.41
Cap/Depr(3y)52.63%
Cap/Depr(5y)56.98%
Cap/Sales(3y)3.09%
Cap/Sales(5y)2.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-56.67%
EPS 3Y-35.63%
EPS 5Y-28.99%
EPS Q2Q%-71.43%
EPS Next Y63.79%
EPS Next 2Y52.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.78%
Revenue growth 3Y-0.37%
Revenue growth 5Y1.06%
Sales Q2Q%3.06%
Revenue Next Year2.55%
Revenue Next 2Y4.19%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y165.8%
EBIT growth 3Y5.85%
EBIT growth 5Y-0.37%
EBIT Next Year109.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1830.11%
FCF growth 3YN/A
FCF growth 5Y-19.61%
OCF growth 1Y246.26%
OCF growth 3Y63.95%
OCF growth 5Y-14.66%

Kaman Corporation / KAMN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for Kaman Corporation?

ChartMill assigns a fundamental rating of 4 / 10 to KAMN.


What is the valuation status for KAMN stock?

ChartMill assigns a valuation rating of 4 / 10 to Kaman Corporation (KAMN). This can be considered as Fairly Valued.


How profitable is Kaman Corporation (KAMN) stock?

Kaman Corporation (KAMN) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for KAMN stock?

The Price/Earnings (PE) ratio for Kaman Corporation (KAMN) is 88.44 and the Price/Book (PB) ratio is 1.88.


Can you provide the expected EPS growth for KAMN stock?

The Earnings per Share (EPS) of Kaman Corporation (KAMN) is expected to grow by 63.79% in the next year.