Kaman Corporation (KAMN)
US4835481031 - Common Stock
KAMN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 63 industry peers in the Aerospace & Defense industry. There are concerns on the financial health of KAMN while its profitability can be described as average. KAMN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
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.
KAMN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
KAMN has a Return On Assets of 0.53%. This is comparable to the rest of the industry: KAMN outperforms 48.44% of its industry peers.
KAMN has a Return On Equity (1.16%) which is comparable to the rest of the industry.
KAMN has a Return On Invested Capital (3.49%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for KAMN is significantly below the industry average of 8.69%.
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 Rank | Sector 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%
1.3 Margins
KAMN has a Profit Margin (1.03%) which is in line with its industry peers.
KAMN's Profit Margin has declined in the last couple of years.
KAMN has a Operating Margin of 6.99%. This is in the better half of the industry: KAMN outperforms 60.94% of its industry peers.
KAMN's Operating Margin has been stable in the last couple of years.
The Gross Margin of KAMN (34.96%) is better than 79.69% of its industry peers.
KAMN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KAMN is destroying value.
KAMN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, KAMN has more shares outstanding
The debt/assets ratio for KAMN has been reduced compared to a year ago.
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.
With a Altman-Z score value of 2.32, KAMN perfoms like the industry average, outperforming 51.56% of the companies in the same industry.
The Debt to FCF ratio of KAMN is 11.95, which is on the high side as it means it would take KAMN, 11.95 years of fcf income to pay off all of its debts.
KAMN has a Debt to FCF ratio of 11.95. This is comparable to the rest of the industry: KAMN outperforms 56.25% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that KAMN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.52, KAMN is in line with its industry, outperforming 46.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 11.95 | ||
| Altman-Z | 2.32 |
ROIC/WACC0.41
WACC8.55%
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.
Looking at the Quick ratio, with a value of 0.71, KAMN is doing worse than 82.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
KAMN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.67%.
KAMN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -28.99% yearly.
KAMN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.78%.
The Revenue has been growing slightly by 1.06% on average over the past years.
EPS 1Y (TTM)-56.67%
EPS 3Y-35.63%
EPS 5Y-28.99%
EPS growth Q2Q-71.43%
Revenue 1Y (TTM)12.78%
Revenue growth 3Y-0.37%
Revenue growth 5Y1.06%
Revenue growth Q2Q3.06%
3.2 Future
The Earnings Per Share is expected to grow by 52.14% on average over the next years. This is a very strong growth
KAMN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.19% yearly.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 88.44, which means the current valuation is very expensive for KAMN.
Compared to the rest of the industry, the Price/Earnings ratio of KAMN is on the same level as its industry peers.
When comparing the Price/Earnings ratio of KAMN to the average of the S&P500 Index (24.84), we can say KAMN is valued expensively.
A Price/Forward Earnings ratio of 54.00 indicates a quite expensive valuation of KAMN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KAMN is on the same level as its industry peers.
KAMN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.44 | ||
| Fwd PE | 54 |
4.2 Price Multiples
67.19% of the companies in the same industry are more expensive than KAMN, based on the Enterprise Value to EBITDA ratio.
81.25% of the companies in the same industry are more expensive than KAMN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.89 | ||
| EV/EBITDA | 17.51 |
4.3 Compensation for Growth
KAMN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KAMN's earnings are expected to grow with 52.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.39
PEG (5Y)N/A
EPS Next 2Y52.14%
EPS Next 3YN/A
5. Dividend
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 1.32, KAMN pays a better dividend. On top of this KAMN pays more dividend than 89.06% of the companies listed in the same industry.
KAMN's Dividend Yield is slightly below the S&P500 average, which is at 2.41.
| Industry Rank | Sector 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-0.01%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
281.70% of the earnings are spent on dividend by KAMN. This is not a sustainable payout ratio.
DP281.7%
EPS Next 2Y52.14%
EPS Next 3YN/A
Kaman Corporation
NYSE:KAMN (4/18/2024, 7:04:00 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)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.30B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.44 | ||
| Fwd PE | 54 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.39
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.53% | ||
| ROE | 1.16% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.99% | ||
| PM (TTM) | 1.03% | ||
| GM | 34.96% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-56.67%
EPS 3Y-35.63%
EPS 5Y
EPS growth Q2Q
EPS Next Y63.79%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.78%
Revenue growth 3Y-0.37%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y