Kaman Corporation (KAMN) Stock Fundamental Analysis
USA - NYSE:KAMN - US4835481031 - Common Stock
45.99 USD
+0.12 (+0.26%)
45.99 USD
0 (0%)
Taking everything into account, KAMN scores 4 out of 10 in our fundamental rating. KAMN was compared to 70 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.
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.
Of the past 5 years KAMN 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.53%, KAMN perfoms like the industry average, outperforming 48.44% of the companies in the same industry.
KAMN has a Return On Equity (1.16%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 3.49%, KAMN perfoms like the industry average, 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 8.41%.
The 3 year average ROIC (2.89%) for KAMN is below the current ROIC(3.49%), indicating increased profibility in the last year.
| 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 better Operating Margin (6.99%) than 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 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 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
KAMN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for KAMN has been increased compared to 1 year ago.
Compared to 5 years ago, KAMN has more shares outstanding
KAMN has a better debt/assets ratio than last year.
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.
With a Debt to FCF ratio value of 11.95, KAMN perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
KAMN has a Debt/Equity ratio of 0.52. This is a neutral value indicating 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 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.
With a Quick ratio value of 0.71, KAMN is not doing good in the industry: 82.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 0.71 |
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.
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.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 88.44, which means the current valuation is very expensive for KAMN.
KAMN's Price/Earnings ratio is in line with the industry average.
KAMN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.91.
KAMN is valuated quite expensively with a Price/Forward Earnings ratio of 54.00.
The rest of the industry has a similar Price/Forward Earnings ratio as KAMN.
The average S&P500 Price/Forward Earnings ratio is at 22.92. KAMN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.44 | ||
| Fwd PE | 54 |
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 cheaper than 81.25% of the companies in the same industry.
| 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%.
Compared to an average industry Dividend Yield of 1.15, 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 the average S&P500 Dividend Yield of 2.34, KAMN is paying slightly less dividend.
| 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 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
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
45.99
+0.12 (+0.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)
Earnings (Next)
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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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.
Can you provide the valuation status for Kaman Corporation?
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 expected EPS growth for Kaman Corporation (KAMN) stock?
The Earnings per Share (EPS) of Kaman Corporation (KAMN) is expected to grow by 63.79% in the next year.