Published on 23 Apr 2024 on Simply Wall St. via Yahoo Finance
Kadant's (NYSE:KAI) five-year total shareholder returns outpace the underlying earnings growth
It might be of some concern to shareholders to see the Kadant Inc. (NYSE:KAI) share price down 14% in the last month. But that scarcely detracts from the really solid long term returns generated by the company over five years. We think most investors would be happy with the 180% return, over that period. To some, the recent pullback wouldn't be surprising after such a fast rise. Of course, that doesn't necessarily mean it's cheap now.
In light of the stock dropping 3.1% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.