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Kaman (FRA:KA1) Cyclically Adjusted Price-to-FCF : 22.51 (As of Apr. 29, 2024)


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What is Kaman Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Kaman's current share price is €43.00. Kaman's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.91. Kaman's Cyclically Adjusted Price-to-FCF for today is 22.51.

The historical rank and industry rank for Kaman's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:KA1' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 8.58   Med: 30.35   Max: 51.14
Current: 21.86

During the past years, Kaman's highest Cyclically Adjusted Price-to-FCF was 51.14. The lowest was 8.58. And the median was 30.35.

FRA:KA1's Cyclically Adjusted Price-to-FCF is ranked better than
71.17% of 111 companies
in the Aerospace & Defense industry
Industry Median: 36.1 vs FRA:KA1: 21.86

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Kaman's adjusted free cash flow per share data for the three months ended in Dec. 2023 was €1.192. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.91 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kaman Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Kaman's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kaman Cyclically Adjusted Price-to-FCF Chart

Kaman Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.52 29.84 20.68 11.27 11.38

Kaman Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.27 10.42 10.95 9.31 11.38

Competitive Comparison of Kaman's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Kaman's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kaman's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Kaman's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Kaman's Cyclically Adjusted Price-to-FCF falls into.



Kaman Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Kaman's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=43.00/1.91
=22.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kaman's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Kaman's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.192/129.4194*129.4194
=1.192

Current CPI (Dec. 2023) = 129.4194.

Kaman Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.619 99.695 -0.804
201406 0.468 100.560 0.602
201409 0.766 100.428 0.987
201412 1.643 99.070 2.146
201503 0.846 99.621 1.099
201506 0.265 100.684 0.341
201509 0.863 100.392 1.113
201512 0.625 99.792 0.811
201603 -0.061 100.470 -0.079
201606 0.379 101.688 0.482
201609 1.145 101.861 1.455
201612 1.061 101.863 1.348
201703 -0.837 102.862 -1.053
201706 0.335 103.349 0.420
201709 1.169 104.136 1.453
201712 1.116 104.011 1.389
201803 1.454 105.290 1.787
201806 0.979 106.317 1.192
201809 0.845 106.507 1.027
201812 0.941 105.998 1.149
201903 0.550 107.251 0.664
201906 -0.853 108.070 -1.022
201909 -0.122 108.329 -0.146
201912 -0.540 108.420 -0.645
202003 -1.979 108.902 -2.352
202006 -0.899 108.767 -1.070
202009 0.686 109.815 0.808
202012 1.935 109.897 2.279
202103 -0.214 111.754 -0.248
202106 -0.468 114.631 -0.528
202109 0.780 115.734 0.872
202112 0.901 117.630 0.991
202203 -0.255 121.301 -0.272
202206 -0.997 125.017 -1.032
202209 -0.499 125.227 -0.516
202212 1.636 125.222 1.691
202303 -0.379 127.348 -0.385
202306 0.565 128.729 0.568
202309 0.127 129.860 0.127
202312 1.192 129.419 1.192

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Kaman  (FRA:KA1) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Kaman Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Kaman's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Kaman (FRA:KA1) Business Description

Industry
Traded in Other Exchanges
Address
1332 Blue Hills Avenue, Bloomfield, CT, USA, 06002
Kaman Corp is a diversified company that conducts business in the aerospace and defense, medical and industrial markets. The Engineered Products segment serves the aerospace and defense, industrial and medical markets providing sophisticated proprietary aircraft bearings and components. The Precision Products segment serves the aerospace and defense markets providing precision safe and arming solutions for missile and bomb systems for the U.S. and allied militaries. The Structures segment serves the aerospace and defense and medical end markets providing sophisticated complex metallic and composite aerostructures for commercial, military, and general aviation fixed military and general aviation fixed and rotary wing aircraft, and medical imaging solutions.

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