Kaman Corporation (KAMN) Stock Fundamental Analysis
USA - NYSE:KAMN - US4835481031 - Common Stock
45.99 USD
+0.12 (+0.26%)
45.99 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to KAMN. KAMN was compared to 71 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KAMN was profitable.
KAMN had a positive operating cash flow in the past year.
In multiple years KAMN reported negative net income over the last 5 years.
KAMN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
KAMN has a Return On Assets (0.53%) which is comparable to the rest of the 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.
KAMN had an Average Return On Invested Capital over the past 3 years of 2.89%. This is significantly below the industry average of 8.49%.
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 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.
Looking at the Operating Margin, with a value of 6.99%, KAMN is in the better half of the industry, outperforming 60.94% of the companies in the same industry.
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.
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
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.
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.
Looking at the Debt to FCF ratio, with a value of 11.95, KAMN is in line with its industry, 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
A Current Ratio of 1.32 indicates that KAMN should not have too much problems paying its short term obligations.
With a Current ratio value of 1.32, KAMN is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
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
KAMN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.67%.
The earnings per share for KAMN have been decreasing by -28.99% on average. This is quite bad
The Revenue has grown by 12.78% in the past year. This is quite good.
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 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.
The Revenue is expected to grow by 4.19% on average over the next years.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 88.44 indicates a quite expensive valuation of KAMN.
KAMN's Price/Earnings is on the same level as the industry average.
KAMN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.89.
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.
When comparing the Price/Forward Earnings ratio of KAMN to the average of the S&P500 Index (34.59), we can say KAMN is valued expensively.
| 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.
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
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
With a Yearly Dividend Yield of 1.74%, KAMN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.37, 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 2.44, 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 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
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.