Kaman Corporation (KAMN) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:KAMN • US4835481031

45.99 USD
+0.12 (+0.26%)
At close: Apr 18, 2024
45.99 USD
0 (0%)
After Hours: 4/18/2024, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall KAMN gets a fundamental rating of 4 out of 10. We evaluated KAMN against 73 industry peers in the Aerospace & Defense industry. While KAMN is still in line with the averages on profitability rating, there are concerns on its financial health. KAMN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • KAMN had positive earnings in the past year.
  • KAMN had a positive operating cash flow in the past year.
  • 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

  • The Return On Assets of KAMN (0.53%) 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.
  • KAMN has a Return On Invested Capital of 3.49%. This is comparable to the rest of the industry: KAMN outperforms 48.44% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KAMN is significantly below the industry average of 8.70%.
  • The 3 year average ROIC (2.89%) for KAMN is below the current ROIC(3.49%), indicating increased profibility in the last year.
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 of 1.03%. This is comparable to the rest of the industry: KAMN outperforms 48.44% of its industry peers.
  • In the last couple of years the Profit Margin of KAMN has declined.
  • 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.
  • KAMN has a Gross Margin of 34.96%. This is in the better half of the industry: KAMN outperforms 79.69% of its industry peers.
  • KAMN's Gross Margin has improved in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KAMN 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.
  • KAMN has a Altman-Z score (2.32) which is comparable to the rest of the 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.
  • 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 in line with its industry peers.
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 has a worse Current ratio (1.32) than 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 worse Quick ratio (0.71) than 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. Growth

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.
  • KAMN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.78%.
  • Measured over the past years, KAMN shows a small growth in Revenue. The Revenue has been growing by 1.06% on average per year.
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

  • KAMN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.14% yearly.
  • 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. Valuation

4.1 Price/Earnings Ratio

  • KAMN is valuated quite expensively with a Price/Earnings ratio of 88.44.
  • KAMN's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of KAMN to the average of the S&P500 Index (28.03), we can say KAMN is valued expensively.
  • A Price/Forward Earnings ratio of 54.00 indicates a quite expensive valuation of KAMN.
  • KAMN's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.97. KAMN is valued rather expensively 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 20 40 60 80

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.
  • 81.25% of the companies in the same industry are more expensive than KAMN, based on the Price/Free Cash Flow ratio.
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

  • The 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

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

5

5. Dividend

5.1 Amount

  • KAMN has a Yearly Dividend Yield of 1.74%.
  • KAMN's Dividend Yield is rather good when compared to the industry average which is at 0.35. KAMN pays more dividend than 89.06% of the companies in the same industry.
  • KAMN's Dividend Yield is comparable with the S&P500 average which is at 1.80.
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 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
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

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Find the best dividend stocksShow peers with best dividend

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 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 of Kaman Corporation (KAMN) stock?

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


What is the profitability of KAMN stock?

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


What is the financial health of Kaman Corporation (KAMN) stock?

The financial health rating of Kaman Corporation (KAMN) is 3 / 10.


What is the earnings growth outlook for Kaman Corporation?

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