Kaman Corporation

NYSE:KAMN Stock Report

Market Cap: US$1.3b

Kaman Valuation

Is KAMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KAMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KAMN ($45.99) is trading below our estimate of fair value ($85.5)

Significantly Below Fair Value: KAMN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KAMN?

Key metric: As KAMN is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KAMN. This is calculated by dividing KAMN's market cap by their current revenue.
What is KAMN's PS Ratio?
PS Ratio1.7x
SalesUS$775.85m
Market CapUS$1.30b

Price to Sales Ratio vs Peers

How does KAMN's PS Ratio compare to its peers?

The above table shows the PS ratio for KAMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
CDRE Cadre Holdings
2.6x9.2%US$1.3b
TGI Triumph Group
1.2x7.7%US$1.5b
DCO Ducommun
1.2x5.8%US$971.4m
MRCY Mercury Systems
2.7x4.3%US$2.3b
KAMN Kaman
1.7x3.6%US$1.3b

Price-To-Sales vs Peers: KAMN is expensive based on its Price-To-Sales Ratio (1.7x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does KAMN's PS Ratio compare vs other companies in the US Aerospace & Defense Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
VVX V2X
0.5x5.2%US$1.88b
LLAP Terran Orbital
0.4x29.5%US$51.22m
SIF SIFCO Industries
0.2xn/aUS$21.69m
AIRI Air Industries Group
0.3x8.9%US$14.28m
KAMN 1.7xIndustry Avg. 2.5xNo. of Companies9PS0246810+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KAMN is good value based on its Price-To-Sales Ratio (1.7x) compared to the US Aerospace & Defense industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is KAMN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KAMN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: KAMN is expensive based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KAMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Nov ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Oct ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Sep ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Aug ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Jul ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Jun ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
May ’25n/a
US$51.50
0%
10.7%US$57.00US$46.00n/a2
Apr ’25US$45.81
US$51.50
+12.4%
10.7%US$57.00US$46.00n/a2
Mar ’25US$45.72
US$51.50
+12.6%
10.7%US$57.00US$46.00n/a2
Feb ’25US$45.21
US$51.50
+13.9%
10.7%US$57.00US$46.00n/a2
Jan ’25US$23.95
US$30.00
+25.3%
6.7%US$32.00US$28.00n/a2
Dec ’24US$20.70
US$30.00
+44.9%
6.7%US$32.00US$28.00n/a2
Nov ’24US$18.55
US$33.00
+77.9%
15.2%US$38.00US$28.00n/a2
Oct ’24US$19.65
US$33.00
+67.9%
15.2%US$38.00US$28.00n/a2
Sep ’24US$22.32
US$33.00
+47.8%
15.2%US$38.00US$28.00n/a2
Aug ’24US$22.75
US$31.50
+38.5%
20.6%US$38.00US$25.00n/a2
Jul ’24US$24.33
US$31.50
+29.5%
20.6%US$38.00US$25.00n/a2
Jun ’24US$21.37
US$31.50
+47.4%
20.6%US$38.00US$25.00n/a2
May ’24US$22.09
US$31.50
+42.6%
20.6%US$38.00US$25.00n/a2
Apr ’24US$22.86
US$31.50
+37.8%
20.6%US$38.00US$25.00US$45.812
Mar ’24US$25.68
US$29.50
+14.9%
28.8%US$38.00US$21.00US$45.722
Feb ’24US$25.33
US$30.50
+20.4%
31.1%US$40.00US$21.00US$45.212
Jan ’24US$22.30
US$30.50
+36.8%
31.1%US$40.00US$21.00US$23.952
Dec ’23US$20.63
US$30.50
+47.8%
31.1%US$40.00US$21.00US$20.702
Nov ’23US$32.28
US$42.33
+31.1%
8.9%US$45.00US$37.00US$18.553

Analyst Forecast: Target price is less than 20% higher than the current share price.

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