Kaman Corporation (KAMN) Stock Fundamental Analysis
USA - NYSE:KAMN - US4835481031 - Common Stock
45.99 USD
+0.12 (+0.26%)
45.99 USD
0 (0%)
KAMN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 69 industry peers in the Aerospace & Defense industry. KAMN has a medium profitability rating, but doesn't score so well on its financial health evaluation. KAMN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year KAMN was profitable.
In the past year KAMN had a positive cash flow from operations.
In multiple years KAMN reported negative net income over the last 5 years.
Of the past 5 years KAMN 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of KAMN (0.53%) is comparable to the rest of the industry.
KAMN's Return On Equity of 1.16% is in line compared to the rest of the industry. KAMN outperforms 51.56% of its industry peers.
The Return On Invested Capital of KAMN (3.49%) 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 8.29%.
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's Operating Margin of 6.99% is fine compared to the rest 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.
In the last couple of years the Gross Margin of KAMN has grown nicely.
| 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.
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.
The Debt to FCF ratio of KAMN (11.95) is comparable to the rest of the industry.
KAMN has a Debt/Equity ratio of 0.52. This is a neutral value indicating KAMN is somewhat dependend on debt financing.
The Debt to Equity ratio of KAMN (0.52) is comparable to the rest of the 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
A Current Ratio of 1.32 indicates that KAMN should not have too much problems paying its short term obligations.
The Current ratio of KAMN (1.32) is worse 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.
The Quick ratio of KAMN (0.71) is worse than 82.81% of its industry peers.
| 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.
Measured over the past years, KAMN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -28.99% on average per year.
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
KAMN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 52.14% yearly.
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.
The average S&P500 Price/Earnings ratio is at 27.20. KAMN is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 54.00, KAMN can be considered very expensive at the moment.
KAMN's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.70. KAMN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.44 | ||
| Fwd PE | 54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KAMN is valued a bit 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.89 | ||
| EV/EBITDA | 17.51 |
4.3 Compensation for Growth
The 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
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 1.47, 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 2.38.
| 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
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
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%
ROICexcg growth 3Y20.58%
ROICexcg 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%