Industrials -
Industrial - Machinery - NYSE - US
$ 299.93
-1.87 %
$ 3.53 B
Market Cap
31.64
P/E
1. INTRINSIC VALUE
Balance Sheet
Kadant Inc.
| Current Assets | 442 M |
| Cash & Short-Term Investments | 94.7 M |
| Receivables | 161 M |
| Other Current Assets | 187 M |
| Non-Current Assets | 988 M |
| Long-Term Investments | 0 |
| PP&E | 170 M |
| Other Non-Current Assets | 818 M |
| Current Liabilities | 192 M |
| Accounts Payable | 51.1 M |
| Short-Term Debt | 3.38 M |
| Other Current Liabilities | 137 M |
| Non-Current Liabilities | 381 M |
| Long-Term Debt | 285 M |
| Other Non-Current Liabilities | 95.5 M |
EFFICIENCY
Earnings Waterfall
Kadant Inc.
| Revenue | 1.05 B |
| Cost Of Revenue | 587 M |
| Gross Profit | 466 M |
| Operating Expenses | 295 M |
| Operating Income | 171 M |
| Other Expenses | 59.7 M |
| Net Income | 112 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Kadant Inc.
| Net Income | 112 M |
| Depreciation & Amortization | 49.6 M |
| Capital Expenditures | -21 M |
| Stock-Based Compensation | 10.6 M |
| Change in Working Capital | -27.3 M |
| Others | -53 M |
| Free Cash Flow | 134 M |
Wall Street Analysts Price Targets
Kadant Inc.
Wall Street analysts predict an average 1-year price target for KAI of $355 , with forecasts ranging from
a
low of
$300 to a high of $410 .
KAI Lowest Price Target
Wall Street Target
300 USD
0.02%
KAI Average Price Target
Wall Street Target
355 USD
18.36%
KAI Highest Price Target
Wall Street Target
410 USD
36.70%
4. DIVIDEND
ANALYSIS
0.09%
DIVIDEND YIELD
0.34 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Kadant Inc.
Sold
0-3 MONTHS
3.09 M USD 2
3-6 MONTHS
1.01 M USD 5
6-9 MONTHS
7.54 M USD 6
9-12 MONTHS
311 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
8 Upcoming Dividend Increases During Volatile Times
8 Upcoming Dividend Increases During Volatile Times
seekingalpha.com
- 2 weeks ago
Kairos Minerals drills for expansion at Mt York
Kairos Minerals Ltd managing director Dr Peter Turner discusses the company's Mt York Gold Project. Proactive: Now we're going to talk about the Mt York Gold Project in the Pilbara. Can you talk us through what the project is and why you're so excited about it? Dr Peter Turner: Well, we're really excited about it for a number of reasons. One is that probably a lot of people have not really heard about Mt York in the past. That's partly because the company has been strategising last year and doing deals. But effectively, the gold project is a 1.4 million ounce gold project. The important thing to note, and what distinguishes us from our peers, is that the mineralisation is largely contained in a single open pit. The metallurgy is very clean. But there's enormous upside in terms of the resource. So I've mentioned it's 1.4 million ounces, but we think, with all the technical work that we have and the deal we've done with Pilbara Minerals, our neighbour to the north, we feel that this project is going to grow significantly. Proactive: And you've mentioned in the notes that the consistent mineralisation is over three kilometres. So it's quite substantial? Dr Peter Turner: Yeah, it's very substantial. We've drilled it out — not in any great detail — but certainly what we see is that the mineralisation is consistent along three kilometres. We can put a hole into what we call the main trend, comprising three prospects called Main Hill, Breccia Hill, and Gossan Hill. We can put a drill hole into any part of that three kilometres and we can hit mineralisation. And that's quite unusual for gold projects. It's very unusual to have consistency like that, and that really helps when we come to develop the project — in terms of mining and development. Proactive: And, fully funded too — you’ve got A$12.4 million in the bank. So all ducks are in a row here? Dr Peter Turner: Well, not just A$12.4 million in the bank. We also expect another A$10 million to come from a deal that we did with Pilbara Minerals at the end of 2024. So not only are we fully funded moving forward on the 20,000 to 30,000 metre drill program that we're about to start, but also through to the completion of the feasibility as well, which is moving forward quite nicely. Proactive: And you're about to start drilling — that's coming up fairly shortly. What do you hope to achieve through this upcoming drilling program? Dr Peter Turner: Well, the drilling is going to hopefully satisfy two things for us. It's going to test our ideas and strategy to make this into quite a large project. We already consider it to be a large project at 1.4 million ounces. But our strategy is to grow the resources well above that. Secondly, we want to convert the lower confidence resource category material into a higher confidence category. That means moving inferred resources through to indicated resources. We'll do that by drilling deeper parts of the mineralisation, extending along strike, and targeting some of the high-grade pods that we found at the end of 2022. Proactive: And one of the priority areas there is the Main Hill extension. Can you talk us through what that deposit means to you? Dr Peter Turner: We've already mentioned that the Mt York Gold Project is three kilometres long. But we know that the mineralisation continues onto the Pilbara Minerals ground. We've negotiated with Pilbara Minerals — and are still negotiating — to get access to that additional 1.5 kilometres of mineralisation. We know it's there from some reconnaissance drilling Pilbara have done. At the end of last year, we signed an agreement. We sold them a non-core licence to the north, and in return we negotiated to acquire the gold and base metal rights to that additional portion. We're very excited. We're in the latter stages of negotiation to complete that transaction and gain access to the ground. The geologists here are really excited to see what’s across the boundary, and we plan to put in detailed diamond drilling to extend those resources, which are not currently part of the resource estimation. Proactive: So really, a lot for investors to look forward to. It's going to be a busy year. Dr Peter Turner: Certainly. It's going to be extremely busy for us. We're cashed up, we've got the drill program lined up, but importantly we've got a project that we think is really going to grow. And I think the news flow coming through this year is going to change the way people have previously seen Kairos. We'll be putting out new press releases, new drill results, and ultimately a new resource estimation a little bit further into 2025. Proactive: Lots to look forward to. Just one final question — Kairos is an interesting word. Can you talk us through what it means? Dr Peter Turner: It’s a biblical term. From what I understand, it means “the right moment” or “the opportune moment”. We feel that 2025 is probably our kairos moment. We've got a lot happening. We want to grow the resources, we want to move toward development, and we're well-funded to do that. So let’s see if 2025 is our kairos moment. Proactive: And you've got a corporate video on the website that explains everything? Dr Peter Turner: Yes. I certainly urge people to look at the website and check out the corporate video. It really does sum up in a few minutes who we are, what we're about, what we're trying to achieve, and gives some perspective on the company’s valuation. We're excited about who we are and what we're doing this year. Proactive: Peter, good luck with all the work to come. Thanks for your time. Dr Peter Turner: Thanks very much. Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) received a reiterated 'buy' rating from analysts at Stifel, who raised their price target to 90p from 80p. This followed a number of strategic changes over the past year, including the internalisation of its management function, which was completed this week. Stifel said this move and associated reduction in costs "is unequivocally positive for the shares" It will generate annual cost savings of £6 million, reducing the EPRA cost ratio to below 9%, and supporting the company’s ability to deliver a fully covered and progressive dividend. The EPRA cost ratio is expected to be amongst the very lowest in the sector. The broker noted that shares have risen 8.5% since the internalisation was announced, outperforming the EPRA UK REIT Index by seven percentage points. Earnings per share forecasts remained unchanged for Stifel, which it acknowledged "may seem counterintuitive" given the cost savings. But the analysts explain this was for three key reasons, including that it is currently making no assumption of further acquisitions in the forecasts, having removed a previously assumption of £75 million of acquisitions in the second half of the year on the basis now "that the company does not need to deploy capital, which would be largely debt-financed, in order to generate rental income". As such, Stifel expects the LTV to remain comfortably below the 40% threshold, reaching 36% by 2027, compared to previous forecasts that it would peak at 41%. Second, the company sold a Tesco store in order to finance the internalisation break costs, and re-geared three leases, estimated to reduce rental income by £5 million. Third, interest rate expectations have risen such that future debt refinancing when existing hedges mature means the marginal cost of borrowing is around 40 basis points higher than at the time of previous forecasts. Stifel expects dividends to remain fully covered over its three-year forecast horizon, and projecting out a further five years the analysts expect the company to deliver a fully-covered progressive dividend.
https://www.proactiveinvestors.com
- 3 weeks ago
Kadant Rewards Shareholders With 6.3% Dividend Increase
KAI's measures to consistently reward shareholders through dividends and share buybacks hold promise.
zacks.com
- 1 month ago
Kadant Declares Cash Dividend
WESTFORD, Mass., March 05, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors increased its quarterly cash dividend to stockholders to $0.34 per share to be paid on May 7, 2025 to stockholders of record as of the close of business on April 9, 2025.
globenewswire.com
- 1 month ago
Kadant, Inc. (KAI) Q4 2024 Earnings Call Transcript
Kadant, Inc. (NYSE:KAI ) Q4 2024 Earnings Conference Call February 13, 2025 11:00 AM ET Company Participants Michael McKenney - Executive Vice President & Chief Financial Officer Jeffrey Powell - President, Chief Executive Officer & Director Conference Call Participants Ross Sparenblek - William Blair Kurt Yinger - D.A. Davidson Gary Prestopino - Barrington Walt Liptak - Seaport Research Operator Good day and thank you for standing by.
seekingalpha.com
- 2 months ago
Kadant (KAI) Reports Q4 Earnings: What Key Metrics Have to Say
The headline numbers for Kadant (KAI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 2 months ago
Kadant (KAI) Q4 Earnings Beat Estimates
Kadant (KAI) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $2.41 per share a year ago.
zacks.com
- 2 months ago
Kadant Reports Fourth Quarter and Fiscal Year 2024 Results
WESTFORD, Mass., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the fourth quarter and fiscal year ended December 28, 2024.
globenewswire.com
- 2 months ago
Kadant to Hold Earnings Conference Call on Thursday, February 13, 2025
WESTFORD, Mass., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2024 fourth quarter and full-year results after the market closes on Wednesday, February 12, 2025 and will hold a webcast the next day, Thursday, February 13, 2025 at 11:00 a.m. Eastern Standard Time. During the call the Company will discuss its fourth quarter and full-year financial performance and future expectations.
globenewswire.com
- 2 months ago
Kadant Named One of America's Most Responsible Companies for Fifth Consecutive Year
WESTFORD, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that it was named one of "America's Most Responsible Companies 2025" by Newsweek magazine. This was the fifth year Kadant has been included on the awards list which assesses companies on Environmental, Social, and Corporate Governance (ESG) factors.
globenewswire.com
- 2 months ago
Kadant Named to Newsweek's List of America's Greenest Companies 2025
WESTFORD, Mass., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today it was named one of "America's Greenest Companies 2025" by Newsweek magazine. The award recognizes 500 companies committed to environmental resource preservation.
globenewswire.com
- 3 months ago
Kadant Hosts 2024 Investor Day
Event Theme: Pioneering Industrial Solutions for a Sustainable Future Presents New Five-Year Financial Goals
globenewswire.com
- 4 months ago
8. Profile
Summary
Kadant Inc. KAI
COUNTRY
US
INDUSTRY
Industrial - Machinery
MARKET CAP
$ 3.53 B
Dividend Yield
0.09%
Description
Kadant Inc. supplies technologies and engineered systems worldwide. It operates through three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables, consisting of doctor systems and holders, doctor blades, shower and fabric-conditioning systems, formation systems, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, logging machinery, industrial automation and control systems, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and balers and related equipment; and manufactures and sells biodegradable absorbent granules for carriers in as carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.
Contact
One Technology Park Drive, Westford, MA, 01886
https://www.kadant.com
IPO
Date
Nov. 3, 1992
Employees
3500
Officers
Mr. Bilal Mehmood
President of Kadant Solutions
Mr. Jeffrey L. Powell
President, Chief Executive Officer & Director
Mr. Peter J. Flynn
Senior Vice President
Ms. Dara F. Mitchell
Senior Vice President of Corporate Development
Mr. Orrin H. Bean C.F.A.
Treasurer
Ms. Stacy D. Krause
Senior Vice President, General Counsel & Secretary
Mr. Fredrik H. Westerhout
Vice President
Mr. Wesley A. Martz
Vice President of Marketing
Mr. Michael C. Colwell
Senior Vice President
Ms. Deborah S. Selwood
Senior Vice President & Chief Accounting Officer