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EMN

84.77USD-0.34(-0.40%)Market Closed

Eastman Chemical Co

Market Summary

USD84.77-0.34Market Closed
-0.40%

EMN Stock Price

RSI Chart

Valuation

Market Cap

9.1B

Price/Earnings

7.81

Price/Sales

0.84

Price/Cashflow

9.64

MarketCap/EBT

6.19

Price/Sales

Profitability

EBT Margin

13.56%

Return on Equity

21.4%

Return on Assets

7.81%

Fundamentals

Revenue

Revenue (TTM)

10.9B

Revenue Y/Y

-0.4%

Revenue Q/Q

-2.69%

Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-14.25%

Earnings Q/Q

17.58%

Price Action

52 Week Range

69.91127.54
(Low)(High)

Last 7 days

-0.2%

Last 30 days

6.1%

Last 90 days

-6.9%

Trailing 12 Months

-20.4%

Financial Health

Current Ratio

1.28

Investor Care

Dividend Yield

3.99%

Dividend/Share (TTM)

3.04

Buy Backs (1Y)

10.75%

Peers (Alternatives to Eastman Chemical)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
32.8B
5.6B
-9.47% 4.35%
124.51
7.57
68.83% 632.35%
28.8B
14.2B
12.98% -7.03%
15.42
1.9
-12.08% -71.53%
26.8B
17.7B
14.97% -18.18%
24.98
1.52
7.87% -24.63%
10.4B
9.6B
14.00% -32.22%
5.3
1.09
22.25% -41.43%
MID-CAP
9.1B
10.9B
6.06% -20.45%
7.81
0.84
9.36% 128.96%
7.4B
9.8B
-4.00% 3.67%
5.17
0.76
20.84% 50.13%
5.5B
9.1B
3.65% -11.96%
4.34
0.58
16.06% 45.13%
5.3B
4.8B
10.51% -16.43%
26.11
1.1
9.91% -28.25%
3.2B
4.6B
17.41% -39.87%
12.58
0.63
0.15% -31.57%
2.4B
999.6M
1.27% 44.25%
215.4
2.37
3.34% -90.08%
SMALL-CAP
1.8B
1.1B
1.57% 27.74%
12.39
1.64
17.45% 247.74%
1.5B
2.0B
0.13% 14.37%
8.8
0.76
26.04% 176.07%
1.0B
2.0B
10.90% -6.58%
5.28
0.53
22.79% 13.21%
642.4M
5.3B
-2.52% -53.47%
2.37
0.12
20.10% -84.83%
278.9M
1.6B
13.59% 44.05%
-3.63
0.19
3.18% -142.91%

Financials for Eastman Chemical

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.1%10,90110,91210,78110,4769,968
Gross Profit-5.0%2,3202,4412,4522,5002,467
  S&GA Expenses-3.5%762790807795761
  R&D Expenses0.8%267265261254244
Earnings Before Taxes-2.6%1,4781,5181,0301,082578
Net Income-4.1%1,1701,220818857511
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.7%14,98514,87515,80615,51916,259
  Current Assets2.5%4,1054,0034,9294,6464,875
    Cash Equivalents1.1%461456487459717
  Net PPE0.5%4,9824,9594,9974,9965,172
  Goodwill-0.5%3,6443,6633,6653,6414,044
Liabilities0.5%9,5189,4689,8299,73110,052
  Current Liabilities1.9%3,2073,1483,1362,9713,113
.    Short Term Borrowings10.9%1,0869799847471,046
    LT Debt, Non Current-0.8%3,9794,0124,3794,4124,442
Shareholder's Equity1.1%5,3845,3235,8935,7046,120
  Retained Earnings2.3%9,0658,8578,6948,5578,278
  Additional Paid-In Capital5.6%2,3012,1792,2622,1872,275
Accumulated Depreciation-1.6%7,6637,7847,7567,6847,966
Shares Outstanding-2.3%120123129129134
Minority Interest-1.2%8384848487
Float-14,993----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-23.5%9481,2391,4201,6191,595
Cashflow From Investing1.2%1,0161,004-47.00-29.00-559.00
Cashflow From Financing7.6%-2,204.00-2,385.00-1,424.00-1,690.00-966.00
  Dividend Payments0%383383379375371

Risks

What is the probability of a big loss on EMN?

72.7%


Probability that Eastman Chemical stock will be more than 20% underwater in next one year

46.1%


Probability that Eastman Chemical stock will be more than 30% underwater in next one year.

23.5%


Probability that Eastman Chemical stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EMN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Eastman Chemical was unfortunately bought at previous high price.

Returns

Cumulative Returns on EMN

5.9%


10-Year Cumulative Returns

6.0%


7-Year Cumulative Returns

1.4%


5-Year Cumulative Returns

6.3%


3-Year Cumulative Returns

What are the long-term rolling returns for EMN?

FIve years rolling returns for Eastman Chemical.

Which funds bought or sold EMN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
241,000
241,000
0.25%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
13
1,000
-%
2022-11-23
Toroso Investments, LLC
NEW
-
407,000
407,000
0.02%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
14,112,000
14,112,000
0.16%
2022-11-22
National Asset Management, Inc.
SOLD OFF
-100
-403,000
-
-%
2022-11-21
Sunbelt Securities, Inc.
ADDED
5.04
-59,000
290,000
0.06%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-2.6
-4,261,000
14,335,000
0.02%
2022-11-21
FourThought Financial, LLC
REDUCED
-54.11
-14,000
7,000
-%
2022-11-18
RIVER & MERCANTILE ASSET MANAGEMENT LLP
ADDED
25.71
-5,000
1,133,000
0.22%
2022-11-18
National Pension Service
REDUCED
-92.23
-17,768,000
1,160,000
-%

1–10 of 45

Latest Funds Activity

Are funds buying EMN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own EMN

Eastman Chemical News

Nasdaq

Why Is Cabot (CBT) Up 2% Since Last Earnings Report?.4 hours ago

Yahoo Finance

EMN Fair Value

Eastman Chemical fair value in different scenarios

The table shows the Fair Value estimates for Eastman Chemical for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

76.09

-10.24%

105.38

24.31%

133.71

57.73%

198.24

133.86%

235.23

177.49%

Current Inflation

72.36

-14.64%

98.43

16.11%

120.27

41.88%

174.96

106.39%

205.94

142.94%

Very High Inflation

67.56

-20.30%

89.70

5.82%

104.34

23.09%

147.91

74.48%

172.20

103.14%

Historical Eastman Chemical Fair Value Estimates


Recent SEC filings of Eastman Chemical

View All Filings
Date Filed Form Type Document
Oct 28, 2022
10-Q
Quarterly Report
Oct 27, 2022
8-K
Current Report
Oct 18, 2022
4
Insider Trading
Oct 18, 2022
4
Insider Trading
Oct 14, 2022
3
Insider Trading
Oct 12, 2022
4
Insider Trading
Oct 12, 2022
4
Insider Trading
Oct 12, 2022
4
Insider Trading
Oct 12, 2022
4
Insider Trading
Oct 12, 2022
4
Insider Trading

Latest Insider Trading transactions for EMN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-17
Killian Christopher Moore
ACQUIRED
-
-
1,715
SVP & CTO
2022-10-17
SMITH BRIAN TRAVIS
SOLD FOR TAXES
-42,885.2
73.94
-580
SVP, Add & Funct Prod
2022-10-17
Killian Christopher Moore
SOLD FOR TAXES
-49,909.5
73.94
-675
SVP & CTO
2022-10-17
SMITH BRIAN TRAVIS
ACQUIRED
-
-
1,715
SVP, Add & Funct Prod
2022-05-05
Holder Julie Fasone
ACQUIRED
-
-
1,041
-
2022-05-05
RAISBECK DAVID W
ACQUIRED
-
-
1,041
-
2022-05-05
Stevens Charles K. III
ACQUIRED
-
-
1,041
-
2022-05-03
BOLDEA LUCIAN
SOLD
-1,080,030
102.86
-10,500
Executive VP
2022-04-13
WALKER KELLYE L.
SOLD (Taxes)
-786,153
108.39
-7,253
EVP, CLO
2022-04-13
WALKER KELLYE L.
ACQUIRED
-
-
18,701
EVP, CLO

1–10 of 50

Mark J. Costa
14000
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

EMN Income Statement

2022-09-30
UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Sales$ 2,709$ 2,720$ 8,207$ 7,782
Cost of sales2,1682,0586,4465,841
Gross profit5416621,7611,941
Selling, general and administrative expenses173201554587
Research and development expenses6866200187
Asset impairments and restructuring charges, net272329
Other components of post-employment (benefit) cost, net(30)(36)(95)(109)
Other (income) charges, net1(6)3(11)
Net (gain) loss on divested businesses360(7)555
Earnings before interest and taxes3243701,083703
Net interest expense4349134150
Earnings before income taxes281321949553
(Benefit from) provision for income taxes(20)(33)15566
Net earnings301354794487
Less: Net earnings attributable to noncontrolling interest0328
Net earnings attributable to Eastman$ 301$ 351$ 792$ 479
Earnings Per Share, Basic [Abstract]    
Basic earnings per share attributable to Eastman$ 2.48$ 2.60$ 6.34$ 3.53
Diluted earnings per share attributable to Eastman    
Diluted earnings per share attributable to Eastman$ 2.46$ 2.57$ 6.26$ 3.49
Comprehensive Income    
Net earnings including noncontrolling interest$ 301$ 354$ 794$ 487
Other comprehensive income (loss), net of tax:    
Change in cumulative translation adjustment(19)2413
Defined benefit pension and other postretirement benefit plans:    
Amortization of unrecognized prior service credits(6)(7)(21)(21)
Derivatives and hedging:    
Unrealized gain (loss) during period30579786
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax(14)(4)(50)10
Other Comprehensive Income (Loss)(9)483088
Comprehensive income including noncontrolling interest292402824575
Less: Net earnings attributable to noncontrolling interest0328
Comprehensive income attributable to Eastman292399822567
Retained Earnings    
Retained earnings at beginning of period8,8578,0208,5578,080
Net earnings attributable to Eastman301351792479
Cash dividends declared(93)(93)(284)(281)
Retained earnings at end of period$ 9,065$ 8,278$ 9,065$ 8,278

EMN Balance Sheet

2022-09-30
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 461$ 459
Trade receivables, net of allowance for doubtful accounts1,1371,091
Miscellaneous receivables457489
Inventories1,9751,504
Other current assets7596
Assets held for sale01,007
Total current assets4,1054,646
Properties  
Properties and equipment at cost12,64512,680
Less: Accumulated depreciation7,6637,684
Net properties4,9824,996
Goodwill3,6443,641
Intangible assets, net of accumulated amortization1,2061,362
Other noncurrent assets1,048874
Total assets14,98515,519
Current liabilities  
Payables and other current liabilities2,1212,133
Borrowings due within one year1,086747
Liabilities held for sale091
Total current liabilities3,2072,971
Long-term borrowings3,9794,412
Deferred income tax liabilities756810
Post-employment obligations746811
Other long-term liabilities830727
Total liabilities$ 9,518$ 9,731
Common stock, shares issued (in shares)222,337,739221,809,309
Common stock, par value (in dollars per share)$ 0.01 
Stockholders' equity  
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 222,337,739 and 221,809,309 for 2022 and 2021, respectively)$ 2$ 2
Additional paid-in capital2,3012,187
Retained earnings9,0658,557
Accumulated other comprehensive income (loss)(152)(182)
 Stockholder's Equity before Treasury Stock11,21610,564
Less: Treasury stock at cost (102,398,173 and 92,892,229 shares for 2022 and 2021, respectively)5,8324,860
Total Eastman stockholders' equity5,3845,704
Noncontrolling interest8384
Total equity5,4675,788
Total liabilities and stockholders' equity$ 14,985$ 15,519
Treasury stock at cost (in shares)102,398,17392,892,229
Common stock, shares authorized (in shares)350,000,000