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Kaman

DB:KA1
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KA1
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Kaman Corporation operates in the aerospace and distribution markets. The last earnings update was 9 days ago. More info.


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KA1 Share Price and Events
7 Day Returns
-1.7%
DB:KA1
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
15.9%
DB:KA1
6.9%
DE Trade Distributors
9%
DE Market
KA1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kaman (KA1) -1.7% 9.5% 15.8% 15.9% - -
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • KA1 outperformed the Trade Distributors industry which returned 6.9% over the past year.
  • KA1 outperformed the Market in Germany which returned 9% over the past year.
Price Volatility
KA1
Industry
5yr Volatility vs Market

KA1 Value

 Is Kaman undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kaman to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kaman.

DB:KA1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KA1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 21%) (11.54%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.027 * 5.96%)
6.35%

Discounted Cash Flow Calculation for DB:KA1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kaman is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:KA1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.35%)
2020 61.90 Analyst x2 58.20
2021 71.17 Analyst x2 62.93
2022 77.62 Est @ 9.05% 64.53
2023 82.59 Est @ 6.41% 64.57
2024 86.35 Est @ 4.55% 63.48
2025 89.16 Est @ 3.26% 61.63
2026 91.25 Est @ 2.35% 59.31
2027 92.81 Est @ 1.71% 56.73
2028 93.99 Est @ 1.27% 54.02
2029 94.88 Est @ 0.95% 51.28
Present value of next 10 years cash flows $596.00
DB:KA1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $94.88 × (1 + 0.23%) ÷ (6.35% – 0.23%)
$1,554.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,554.20 ÷ (1 + 6.35%)10
$839.96
DB:KA1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $596.00 + $839.96
$1,435.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,435.96 / 27.86
$51.54
DB:KA1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KA1 represents 0.90637x of NYSE:KAMN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90637x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 51.54 x 0.90637
€46.71
Value per share (EUR) From above. €46.71
Current discount Discount to share price of €57.50
= -1 x (€57.50 - €46.71) / €46.71
-23.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kaman is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kaman's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kaman's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KA1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-27) in USD $2.73
NYSE:KAMN Share Price ** NYSE (2019-11-13) in USD $63.44
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kaman.

DB:KA1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KAMN Share Price ÷ EPS (both in USD)

= 63.44 ÷ 2.73

23.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kaman is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • Kaman is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Kaman's expected growth come at a high price?
Raw Data
DB:KA1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-3.6%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:KA1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.24x ÷ -3.6%

-6.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kaman earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kaman's assets?
Raw Data
DB:KA1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-27) in USD $28.23
NYSE:KAMN Share Price * NYSE (2019-11-13) in USD $63.44
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:KA1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KAMN Share Price ÷ Book Value per Share (both in USD)

= 63.44 ÷ 28.23

2.25x

* Primary Listing of Kaman.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kaman is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Kaman's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Kaman has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KA1 Future Performance

 How is Kaman expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kaman expected to grow at an attractive rate?
  • Kaman's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kaman's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Kaman's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KA1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KA1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -3.6%
DB:KA1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -18.6%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KA1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KA1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 831 93 72 2
2020-12-31 792 83 63 4
2019-12-31 755 29 2
2019-11-13
DB:KA1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-27 1,884 19 76
2019-06-28 1,859 70 57
2019-03-29 1,862 128 55
2018-12-31 1,875 162 54
2018-09-28 989 162 14
2018-06-29 1,279 174 40
2018-03-30 1,549 155 49
2017-12-31 1,806 80 50
2017-09-29 1,765 82 51
2017-06-30 1,771 82 52
2017-03-31 1,793 84 55
2016-12-31 1,808 108 59
2016-09-30 1,828 96 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kaman's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kaman's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KA1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Kaman Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KA1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.58 2.61 2.55 2.00
2020-12-31 2.25 2.30 2.20 3.00
2019-12-31 1.59 1.59 1.59 1.00
2019-11-13
DB:KA1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-27 2.73
2019-06-28 2.03
2019-03-29 1.97
2018-12-31 1.94
2018-09-28 0.50
2018-06-29 1.43
2018-03-30 1.75
2017-12-31 1.80
2017-09-29 1.86
2017-06-30 1.92
2017-03-31 2.04
2016-12-31 2.17
2016-09-30 1.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kaman is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kaman's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kaman has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KA1 Past Performance

  How has Kaman performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kaman's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kaman's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Kaman's 1-year earnings growth exceeds its 5-year average (432.4% vs -6%)
  • Kaman's earnings growth has exceeded the DE Trade Distributors industry average in the past year (432.4% vs 8.4%).
Earnings and Revenue History
Kaman's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kaman Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KA1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-27 1,884.11 76.27 417.11 9.10
2019-06-28 1,858.57 56.63 413.79 9.10
2019-03-29 1,862.46 55.02 414.98 9.10
2018-12-31 1,875.43 54.17 413.03 9.10
2018-09-28 989.05 14.04 214.25 8.20
2018-06-29 1,278.96 39.83 279.70 8.20
2018-03-30 1,549.36 48.51 343.88 8.20
2017-12-31 1,805.91 49.83 414.14 8.20
2017-09-29 1,765.06 51.16 404.98 7.70
2017-06-30 1,771.48 52.33 402.82 7.70
2017-03-31 1,793.12 55.37 409.63 7.70
2016-12-31 1,808.38 58.85 426.59 7.70
2016-09-30 1,827.59 52.50 417.00 6.70
2016-07-01 1,807.86 52.27 413.44 6.70
2016-04-01 1,783.54 57.47 401.48 6.70
2015-12-31 1,775.13 60.44 399.81 6.70
2015-10-02 1,800.78 72.99 403.74 6.70
2015-07-03 1,823.09 71.57 405.66 6.70
2015-04-03 1,829.79 66.59 404.45 6.70
2014-12-31 1,794.96 65.78 387.10 6.70
2014-09-26 1,727.49 59.78 370.90 7.20
2014-06-27 1,695.10 62.67 359.26 7.20
2014-03-28 1,673.80 63.86 348.73 7.20
2013-12-31 1,653.92 59.07 350.55 7.20
2013-09-27 1,642.78 57.68 354.72 5.50
2013-06-28 1,628.68 53.76 353.44 5.50
2013-03-29 1,597.18 51.99 349.04 5.50
2012-12-31 1,563.34 52.95 337.90 5.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kaman has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kaman used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Kaman has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kaman's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kaman has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KA1 Health

 How is Kaman's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kaman's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kaman is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kaman's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kaman's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kaman Company Filings, last reported 1 month ago.

DB:KA1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-27 788.94 180.65 509.99
2019-06-28 658.17 307.80 17.02
2019-03-29 642.17 284.18 28.36
2018-12-31 633.16 296.33 27.71
2018-09-28 638.29 304.33 26.22
2018-06-29 642.77 324.29 27.64
2018-03-30 642.33 349.09 30.05
2017-12-31 635.66 402.25 36.90
2017-09-29 618.73 413.44 35.43
2017-06-30 600.35 433.68 27.77
2017-03-31 572.54 430.99 24.68
2016-12-31 565.79 420.45 41.21
2016-09-30 579.36 420.47 25.55
2016-07-01 564.61 448.74 20.21
2016-04-01 556.05 447.73 18.03
2015-12-31 543.08 443.23 16.46
2015-10-02 556.05 256.15 11.58
2015-07-03 545.55 273.19 11.52
2015-04-03 523.57 269.65 10.07
2014-12-31 517.67 281.23 12.41
2014-09-26 547.74 338.26 9.76
2014-06-27 540.63 363.21 11.68
2014-03-28 521.62 291.93 7.99
2013-12-31 511.29 275.21 10.38
2013-09-27 463.34 286.87 11.05
2013-06-28 440.02 295.13 8.71
2013-03-29 421.98 304.43 15.11
2012-12-31 420.19 259.61 16.59
  • Kaman's level of debt (22.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (61.6% vs 22.9% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess Kaman's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kaman has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KA1 Dividends

 What is Kaman's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.26%
Current annual income from Kaman dividends. Estimated to be 1.29% next year.
If you bought €2,000 of Kaman shares you are expected to receive €25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kaman's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Kaman's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KA1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KA1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.85 2.00
2020-12-31 0.82 3.00
2019-12-31 0.80 2.00
2019-11-13
DB:KA1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-04 0.800 1.251
2019-06-04 0.800 1.345
2019-02-19 0.800 1.340
2018-11-13 0.800 1.403
2018-08-07 0.800 1.250
2018-06-05 0.800 1.162
2018-02-20 0.800 1.244
2017-11-14 0.800 1.346
2017-08-08 0.800 1.520
2017-06-06 0.800 1.583
2017-05-03 0.800 1.647
2017-02-28 0.800 1.663
2016-11-15 0.720 1.434
2016-08-09 0.720 1.639
2016-06-07 0.720 1.685
2016-02-23 0.720 1.717
2015-11-17 0.720 1.796
2015-08-11 0.720 1.895
2015-06-02 0.720 1.734
2015-02-23 0.720 1.715
2014-11-18 0.640 1.635
2014-08-12 0.640 1.581
2014-06-03 0.640 1.527
2014-02-20 0.640 1.566
2013-11-13 0.640 1.645
2013-08-13 0.640 1.722
2013-06-04 0.640 1.780
2013-02-19 0.640 1.850
2012-11-07 0.640 1.780
2012-08-07 0.640 1.841
2012-06-05 0.640 2.065
2012-02-21 0.640 1.961
2011-11-09 0.640 2.117
2011-08-09 0.640 2.052
2011-06-07 0.560 1.618
2011-02-22 0.560 1.632
2010-12-14 0.560 1.892
2010-08-10 0.560 2.188
2010-06-08 0.560 2.444
2010-02-23 0.560 2.215
2009-12-01 0.560 2.293
2009-08-05 0.560 2.588
2009-06-10 0.560 3.171
2009-02-23 0.560 3.925

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kaman's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Kaman's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kaman afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kaman has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KA1 Management

 What is the CEO of Kaman's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Neal Keating
COMPENSATION $2,190,285
AGE 64
TENURE AS CEO 11.8 years
CEO Bio

Mr. Neal J. Keating has been the Chairman of the Board at Kaman Corporation since March 1, 2008 and also has been its Chief Executive Officer since January 1, 2008 and President since September 17, 2007. Mr. Keating served as the President at Kaman Precision Products, Inc. He served as the Chief Operating Officer of Hughes Supply, Inc. since February 9, 2005. He served as the Chief Operating Officer of Kaman Corporation from September 17, 2007 to January 2008. He served as the Managing Director of Aerospace Services of GKN PLC from January 1, 2003. He served as the Managing Director and Chief Executive Officer for GKN Aerospace services (U.K.) from August 2002 to June 2004. From 1978 to July 2002, He served in increasingly senior positions at Rockwell International and served as Executive Vice President and Chief Operating Officer, Commercial Systems of Rockwell Collins Inc. from 2001 to 2002. He spent 24 years with Rockwell International, latterly as Vice President and General Manager of Air Transport Systems and Vice President and General Manager of Passenger Systems from 1999 to 2001. He has been Vice Chairman of Manufacturers Alliance for Productivity and Innovation, Inc. since July 1, 2014. He has been a Director of Kaman Corporation since September 17, 2007. He serves as Director of Kaman Precision Products, Inc. He has been a Trustee of Manufacturers Alliance/MAPI, Inc. since April 2010. He serves on the Board of Advisors for AmerItel Partners. He has been a Director of Connecticut Business And Industry Association, Inc. since December 1, 2010. He has been an Independent Director of Hubbell Inc. since September 2010. He serves as a Member of Board of Governors at Aerospace Industries Association. He serves on the Board of Advisors for University of Iowa College of Engineering. He served as Executive Director of GKN PLC since August 19, 2002. He served as a Director of Agusta-Westland. Mr. Keating holds a BS in Electrical Engineering from the University of Illinois in 1977 and an MBA from the University of Chicago in 1988.

CEO Compensation
  • Neal's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Neal's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kaman management team in years:

6.5
Average Tenure
56
Average Age
  • The average tenure for the Kaman management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Neal Keating

TITLE
Chairman
COMPENSATION
$2M
AGE
64
TENURE
11.8 yrs

Rob Starr

TITLE
CFO & Executive VP
COMPENSATION
$852K
AGE
51
TENURE
6.3 yrs

Shawn Lisle

TITLE
Senior VP & General Counsel
COMPENSATION
$659K
AGE
52
TENURE
6.9 yrs

Rick Barnhart

TITLE
Executive Vice President
COMPENSATION
$790K
AGE
58
TENURE
2 yrs

John Tedone

TITLE
Chief Accounting Officer & VP of Finance
AGE
54
TENURE
12.5 yrs

Paul Villani

TITLE
Chief Information Officer & Senior VP
AGE
53
TENURE
2.8 yrs

Jamie Coogan

TITLE
Vice President of Investor Relations
TENURE
2.6 yrs

Rick Forsberg

TITLE
Chief Ethics & Compliance Officer and Vice President
TENURE
4.6 yrs

Phil Goodrich

TITLE
Senior Vice President of Corporate Development
AGE
62
TENURE
7.8 yrs

Greg Troy

TITLE
Chief Human Resources Officer & Senior VP of Human Resources
COMPENSATION
$649K
AGE
63
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the Kaman board of directors in years:

11.1
Average Tenure
69
Average Age
  • The average tenure for the Kaman board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Karen Garrison

TITLE
Lead Independent Director
COMPENSATION
$259K
AGE
70

Neal Keating

TITLE
Chairman
COMPENSATION
$2M
AGE
64
TENURE
11.7 yrs

Bill Higgins

TITLE
Independent Director
COMPENSATION
$229K
AGE
61
TENURE
10.6 yrs

George Minnich

TITLE
Independent Director
COMPENSATION
$225K
AGE
69
TENURE
10.4 yrs

Scott Kuechle

TITLE
Independent Director
COMPENSATION
$239K
AGE
59
TENURE
6.8 yrs

Jennifer Pollino

TITLE
Independent Director
COMPENSATION
$225K
AGE
55
TENURE
4.4 yrs

E. Callaway

TITLE
Independent Director
COMPENSATION
$219K
AGE
71
TENURE
24.8 yrs

Brian Barents

TITLE
Independent Director
COMPENSATION
$219K
AGE
75
TENURE
23.8 yrs

Tom Rabaut

TITLE
Independent Director
COMPENSATION
$224K
AGE
71
TENURE
11.7 yrs
Who owns this company?
Recent Insider Trading
  • Kaman individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Aug 19 Sell Brian Barents Individual 23. Aug 19 23. Aug 19 -6,733 €50.98 €-343,220
19. Aug 19 Buy Gregory Troy Individual 15. Aug 19 15. Aug 19 180 €50.17 €9,030
13. Aug 19 Sell E. Callaway Individual 13. Aug 19 13. Aug 19 -1,000 €51.15 €-51,153
06. Aug 19 Buy Neal Keating Individual 05. Aug 19 05. Aug 19 2,200 €51.38 €113,032
27. Mar 19 Sell GAMCO Investors, Inc. Company 28. Jan 19 26. Mar 19 -76,160 €58.06 €-692,521
27. Mar 19 Buy GAMCO Investors, Inc. Company 28. Jan 19 25. Mar 19 10,502 €55.79 €306,655
X
Management checks
We assess Kaman's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kaman has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KA1 News

Simply Wall St News

KA1 Company Info

Description

Kaman Corporation operates in the aerospace and distribution markets. The company operates through two segments, Distribution and Aerospace. The Distribution segment distributes electro-mechanical products; bearings; and power transmission, motion control, and electrical and fluid power components, as well as offers value-added services. This segment serves maintenance, repair, and overhaul markets; and original equipment manufacturer customers. The Aerospace segment produces and markets aircraft bearings and components; super precision miniature ball bearings for the medical, industrial, and aerospace markets; and metallic and composite aero structures for commercial, military, and general aviation fixed and rotary wing aircraft. It also provides safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; undertakes helicopter subcontract works; restores, modifies, and supports its SH-2G Super Seasprite maritime helicopters; and manufactures and supports K-MAX manned and unmanned medium-to-heavy lift helicopters. The company operates in North America, Europe, the Middle East, Asia, Oceania, and other countries. Kaman Corporation was founded in 1945 and is headquartered in Bloomfield, Connecticut.

Details
Name: Kaman Corporation
KA1
Exchange: DB
Founded: 1945
$1,615,288,056
27,861,419
Website: http://www.kaman.com
Address: Kaman Corporation
1332 Blue Hills Avenue,
Bloomfield,
Connecticut, 06002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KAMN Common Stock New York Stock Exchange US USD 02. Jan 1980
DB KA1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
Number of employees
Current staff
Staff numbers
5,100
Kaman employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 22:33
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/04
Last earnings reported: 2019/09/27
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.