Kennametal Net Income vs Research Development Analysis
KMT Stock | USD 24.16 0.46 1.94% |
Kennametal financial indicator trend analysis is infinitely more than just investigating Kennametal recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kennametal is a good investment. Please check the relationship between Kennametal Net Income and its Research Development accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kennametal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Kennametal Stock please use our How to Invest in Kennametal guide.
Net Income vs Research Development
Net Income vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kennametal Net Income account and Research Development. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Kennametal's Net Income and Research Development is -0.05. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Research Development in the same time period over historical financial statements of Kennametal, assuming nothing else is changed. The correlation between historical values of Kennametal's Net Income and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Kennametal are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Net Income i.e., Kennametal's Net Income and Research Development go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Kennametal financial statement analysis. It represents the amount of money remaining after all of Kennametal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Research Development
Most indicators from Kennametal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kennametal current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kennametal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Kennametal Stock please use our How to Invest in Kennametal guide.At this time, Kennametal's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 3.2 B in 2024, whereas Selling General Administrative is likely to drop slightly above 526.9 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 648.0M | 646.4M | 743.4M | 656.5M | Total Revenue | 2.0B | 2.1B | 2.4B | 1.9B |
Kennametal fundamental ratios Correlations
Click cells to compare fundamentals
Kennametal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Kennametal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.0B | 2.7B | 2.6B | 2.5B | 2.9B | 2.1B | |
Short Long Term Debt Total | 1.1B | 600.5M | 615.6M | 595.9M | 685.2M | 512.0M | |
Other Current Liab | 233.1M | 251.4M | 236.6M | 229.9M | 264.4M | 168.9M | |
Total Current Liabilities | 898.1M | 437.4M | 485.6M | 434.0M | 499.1M | 413.1M | |
Total Stockholder Equity | 1.2B | 1.3B | 1.3B | 1.3B | 1.5B | 1.0B | |
Property Plant And Equipment Net | 1.0B | 1.1B | 1.0B | 969.1M | 1.1B | 603.9M | |
Net Debt | 487.8M | 446.4M | 530.0M | 489.8M | 563.3M | 399.4M | |
Retained Earnings | 1.0B | 992.6M | 1.1B | 1.1B | 1.3B | 707.8M | |
Cash | 606.7M | 154.0M | 85.6M | 106.0M | 121.9M | 112.6M | |
Non Current Assets Total | 1.6B | 1.7B | 1.5B | 1.5B | 1.7B | 1.2B | |
Non Currrent Assets Other | 155.4M | 208.2M | 122.2M | 188.7M | 217.0M | 227.8M | |
Cash And Short Term Investments | 606.7M | 154.0M | 85.6M | 106.0M | 121.9M | 114.8M | |
Net Receivables | 238.0M | 302.9M | 295.3M | 307.3M | 353.4M | 298.9M | |
Common Stock Shares Outstanding | 83.0M | 84.3M | 83.9M | 81.4M | 93.6M | 72.9M | |
Liabilities And Stockholders Equity | 3.0B | 2.7B | 2.6B | 2.5B | 2.9B | 2.1B | |
Non Current Liabilities Total | 870.7M | 860.2M | 796.6M | 799.1M | 919.0M | 621.5M | |
Inventory | 522.4M | 476.3M | 570.8M | 557.6M | 641.3M | 401.8M | |
Other Stockholder Equity | 538.6M | 562.8M | 494.2M | 465.4M | 535.2M | 477.0M | |
Total Liab | 1.8B | 1.3B | 1.3B | 1.2B | 1.4B | 1.0B | |
Property Plant And Equipment Gross | 1.1B | 1.1B | 2.3B | 2.4B | 2.7B | 2.9B | |
Total Current Assets | 1.4B | 1.0B | 1.0B | 1.0B | 1.2B | 884.6M | |
Accumulated Other Comprehensive Income | (417.2M) | (330.3M) | (414.0M) | (414.3M) | (372.9M) | (354.3M) | |
Short Term Debt | 500.4M | 8.4M | 21.2M | 689K | 792.4K | 752.7K | |
Intangible Assets | 132.6M | 120.0M | 105.7M | 93.2M | 107.1M | 101.8M | |
Other Current Assets | 73.7M | 71.5M | 72.9M | 55.8M | 64.2M | 61.9M | |
Accounts Payable | 164.6M | 177.7M | 227.9M | 203.3M | 233.8M | 159.2M | |
Good Will | 270.6M | 277.6M | 264.2M | 269.6M | 310.0M | 478.6M | |
Common Stock Total Equity | 103.7M | 104.5M | 101.7M | 99.8M | 114.8M | 88.8M | |
Common Stock | 103.7M | 104.5M | 101.7M | 99.8M | 114.8M | 88.8M | |
Other Liab | 239.2M | 268.1M | 202.3M | 171.7M | 197.5M | 213.9M | |
Other Assets | 107.3M | 208.2M | 176.8M | 188.7M | 217.0M | 227.8M | |
Long Term Debt | 594.1M | 592.1M | 594.4M | 595.2M | 684.4M | 573.8M | |
Property Plant Equipment | 1.1B | 1.1B | 1.0B | 969.1M | 1.1B | 798.0M | |
Net Tangible Assets | 826.7M | 932.0M | 882.6M | 1.3B | 1.1B | 1.0B | |
Noncontrolling Interest In Consolidated Entity | 38.9M | 38.6M | 38.7M | 38.7M | 44.5M | 36.8M | |
Retained Earnings Total Equity | 1.0B | 992.6M | 1.1B | 1.1B | 1.0B | 856.5M | |
Long Term Debt Total | 594.1M | 592.1M | 594.4M | 595.2M | 684.4M | 665.8M | |
Capital Surpluse | 538.6M | 562.8M | 494.2M | 465.4M | 535.2M | 517.9M |
Kennametal Investors Sentiment
The influence of Kennametal's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Kennametal. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Kennametal's public news can be used to forecast risks associated with an investment in Kennametal. The trend in average sentiment can be used to explain how an investor holding Kennametal can time the market purely based on public headlines and social activities around Kennametal. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Kennametal's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Kennametal's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Kennametal's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Kennametal.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kennametal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kennametal's short interest history, or implied volatility extrapolated from Kennametal options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kennametal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more information on how to buy Kennametal Stock please use our How to Invest in Kennametal guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running Kennametal's price analysis, check to measure Kennametal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kennametal is operating at the current time. Most of Kennametal's value examination focuses on studying past and present price action to predict the probability of Kennametal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kennametal's price. Additionally, you may evaluate how the addition of Kennametal to your portfolios can decrease your overall portfolio volatility.
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Is Kennametal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kennametal. If investors know Kennametal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kennametal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.074 | Dividend Share 0.8 | Earnings Share 1.51 | Revenue Per Share 25.873 | Quarterly Revenue Growth (0) |
The market value of Kennametal is measured differently than its book value, which is the value of Kennametal that is recorded on the company's balance sheet. Investors also form their own opinion of Kennametal's value that differs from its market value or its book value, called intrinsic value, which is Kennametal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kennametal's market value can be influenced by many factors that don't directly affect Kennametal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kennametal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kennametal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kennametal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.