Market Summary
USD81.96+1.79
Market Closed2.23%
EMN Stock Price
EMN RSI Chart
EMN Valuation
EMN Price/Sales (Trailing)
EMN Profitability
EMN Fundamentals
EMN Revenue
EMN Earnings
Price Action
52 Week Range
69.91114.08
(Low)(High)
Last 7 days
-5.1%
Last 30 days
-9.4%
Last 90 days
-2.6%
Trailing 12 Months
-23.8%
EMN Financial Health
EMN Investor Care
Peers (Alternatives to Eastman Chemical)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DD | 34.6B | 13.0B | -11.17% | -4.61% | 5.89 | 2.66 | 3.59% | -9.26% |
PPG | 26.8B | 17.7B | -2.11% | 3.18% | 24.98 | 1.52 | 5.06% | -28.70% |
ALB | 25.1B | 7.3B | -20.57% | 18.26% | 9.35 | 3.44 | 119.96% | 2074.96% |
CE | 11.3B | - | -16.10% | -24.80% | 5.98 | 1.18 | 22.25% | 0.21% |
| MID-CAP | ||||||||
EMN | 9.8B | 10.6B | -9.42% | -23.78% | 12.4 | 0.93 | 0.99% | -7.47% |
OLN | 6.9B | 9.4B | -19.85% | 0.94% | 5.18 | 0.73 | 5.23% | 2.33% |
AXTA | 5.3B | 4.9B | -4.95% | 17.14% | 26.11 | 1.1 | 10.60% | -27.40% |
HUN | 5.1B | 8.0B | -12.87% | -28.62% | 11.13 | 0.64 | 4.60% | -55.98% |
AVNT | 3.5B | 3.4B | -2.52% | -21.58% | 5 | 1.04 | 2.46% | 204.64% |
GCP | 2.4B | 999.6M | 1.27% | 44.25% | 215.39 | 2.37 | 3.34% | -90.08% |
| SMALL-CAP | ||||||||
ASIX | 970.8M | 1.9B | -18.23% | -28.96% | 5.65 | 0.5 | 15.49% | 22.96% |
TSE | 703.1M | 5.0B | -24.28% | -54.90% | -1.63 | 0.14 | 2.86% | -197.93% |
RYAM | 412.9M | 1.7B | -8.23% | -1.55% | -27.68 | 0.24 | 22.00% | -122.46% |
Financials for Eastman Chemical
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -2.9% | 10,580 | 10,901 | 10,912 | 10,781 | 10,476 |
| Gross Profit | -7.9% | 2,137 | 2,320 | 2,441 | 2,452 | 2,500 |
| S&GA Expenses | -4.7% | 726 | 762 | 790 | 807 | 795 |
| R&D Expenses | -1.1% | 264 | 267 | 265 | 261 | 254 |
| EBITDA | -28.5% | 1,272 | 1,778 | 1,822 | 1,346 | 1,422 |
| EBITDA Margin | -26.3% | 0.12* | 0.16* | 0.17* | 0.12* | 0.14* |
| Earnings Before Taxes | -33.9% | 977 | 1,478 | 1,518 | 1,030 | 1,082 |
| EBT Margin | -31.9% | 0.09* | 0.14* | 0.14* | 0.10* | 0.10* |
| Interest Expenses | 0% | -182 | -182 | -188 | -194 | -198 |
| Net Income | -32.2% | 793 | 1,170 | 1,220 | 818 | 857 |
| Net Income Margin | -30.2% | 0.07* | 0.11* | 0.11* | 0.08* | 0.08* |
| Free Cahsflow | 21.3% | 364 | 300 | 635 | 844 | 1,064 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -2.1% | 14,667 | 14,985 | 14,875 | 15,806 | 15,519 |
| Current Assets | -8.0% | 3,778 | 4,105 | 4,003 | 4,929 | 4,646 |
| Cash Equivalents | 6.9% | 493 | 461 | 456 | 487 | 459 |
| Inventory | -4.1% | 1,894 | 1,975 | 1,826 | 1,671 | 1,504 |
| Net PPE | 3.6% | 5,160 | 4,982 | 4,959 | 4,997 | 4,996 |
| Goodwill | 0.5% | 3,664 | 3,644 | 3,663 | 3,665 | 3,641 |
| Liabilities | -0.9% | 9,431 | 9,518 | 9,468 | 9,829 | 9,731 |
| Current Liabilities | 1.4% | 3,251 | 3,207 | 3,148 | 3,136 | 2,971 |
| . Short Term Borrowings | 3.7% | 1,126 | 1,086 | 979 | 984 | 747 |
| LT Debt, Non Current | 1.2% | 4,025 | 3,979 | 4,012 | 4,379 | 4,412 |
| Shareholder's Equity | -4.3% | 5,153 | 5,384 | 5,407 | 5,977 | 5,704 |
| Retained Earnings | -1.0% | 8,973 | 9,065 | 8,857 | 8,694 | 8,557 |
| Additional Paid-In Capital | 0.6% | 2,315 | 2,301 | 2,179 | 2,262 | 2,187 |
| Accumulated Depreciation | 1.6% | 7,782 | 7,663 | 7,784 | 7,756 | 7,684 |
| Shares Outstanding | -2.3% | 120 | 123 | 129 | 129 | - |
| Minority Interest | 0% | 83.00 | 83.00 | 84.00 | 84.00 | 84.00 |
| Float | - | 14,993 | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 2.8% | 975 | 948 | 1,239 | 1,420 | 1,619 |
| Cashflow From Investing | -61.4% | 392 | 1,016 | 1,004 | -47.00 | -29.00 |
| Cashflow From Financing | 40.1% | -1,321 | -2,204 | -2,385 | -1,424 | -1,690 |
| Dividend Payments | -0.5% | 381 | 383 | 383 | 379 | 375 |
Risks for EMN
What is the probability of a big loss on EMN?
78.1%
Probability that Eastman Chemical stock will be more than 20% underwater in next one year
51.5%
Probability that Eastman Chemical stock will be more than 30% underwater in next one year.
27.3%
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.
Drawdowns
Returns for EMN
Cumulative Returns on EMN
3.5%
10-Year Cumulative Returns
4.4%
7-Year Cumulative Returns
-3.2%
5-Year Cumulative Returns
22.7%
3-Year Cumulative Returns
What are the long-term rolling returns for EMN?
FIve years rolling returns for Eastman Chemical.
Annualized Returns
Which funds bought or sold EMN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 279,405 | 279,405 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 0.27 | 4,442,400 | 34,193,400 | 0.04% |
2023-03-08 | Capital Asset Advisory Services LLC | reduced | -12.21 | 13,966 | 247,966 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 9.57 | 66,000 | 325,000 | -% |
2023-03-06 | Aldebaran Financial Inc. | added | 0.23 | 73,062 | 687,062 | 0.74% |
2023-03-06 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | 30,248 | 240,248 | 0.09% |
2023-03-03 | TIAA, FSB | added | 16.52 | 85,804 | 341,804 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -13.48 | -359,136 | 43,019,900 | 0.06% |
2023-02-24 | National Pension Service | unchanged | - | 174,076 | 1,333,660 | -% |
2023-02-24 | NATIXIS | reduced | -99.31 | -32,509,700 | 256,292 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Eastman Chemical News
Schedule 13G FIlings of Eastman Chemical
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital world investors | 0.0% | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.50% | 14,994,249 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.2% | 8,615,723 | SC 13G/A | |
| Jan 20, 2023 | jpmorgan chase & co | 8.2% | 9,862,144 | SC 13G/A | |
| Feb 11, 2022 | capital world investors | 6.3% | 8,452,732 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.92% | 16,026,862 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 6.6% | 8,855,207 | SC 13G/A | |
| Jan 10, 2022 | jpmorgan chase & co | 7.4% | 10,068,435 | SC 13G/A | |
| Feb 16, 2021 | capital world investors | 7.5% | 10,167,734 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 10.91% | 14,774,094 | SC 13G/A |
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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 76.09 -7.16% | 105.38 28.57% | 133.71 63.14% | 198.24 141.87% | 235.23 187.01% |
| Current Inflation | 69.76 -14.89% | 81.68 -0.34% | 101.34 23.65% | 140.53 71.46% | 163.16 99.07% |
| Very High Inflation | 67.56 -17.57% | 89.70 9.44% | 104.34 27.31% | 147.91 80.47% | 172.20 110.10% |
Historical Eastman Chemical Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Eastman Chemical
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 08, 2023 | 8-K | Current Report | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for EMN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-28 | Stewart Michelle Renee | acquired | - | - | 665 | controller & cao |
2023-02-28 | Stewart Michelle Renee | sold (taxes) | -15,762 | 85.2 | -185 | controller & cao |
2023-02-17 | McAlindon Julie A. | sold | -165,091 | 86.89 | -1,900 | svp, regions & chf supchn ofcr |
2023-02-15 | LICH BRAD A | acquired | - | - | 23,229 | evp & cco |
2023-02-15 | Costa Mark J | acquired | - | - | 92,916 | ceo & board chair |
2023-02-15 | Killian Christopher Moore | sold (taxes) | -80,537 | 89.09 | -904 | svp & cto |
2023-02-15 | McLain William Thomas Jr. | acquired | - | - | 14,519 | svp, cfo |
2023-02-15 | McLain William Thomas Jr. | sold (taxes) | -360,280 | 89.09 | -4,044 | svp, cfo |
2023-02-15 | LICH BRAD A | sold (taxes) | -665,591 | 89.09 | -7,471 | evp & cco |
2023-02-15 | CRAWFORD STEPHEN GLENN | sold (taxes) | -342,907 | 89.09 | -3,849 | evp, manf. & chf sustain ofcr |
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
2022-12-31CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Sales | $ 10,580 | $ 10,476 | $ 8,473 |
| Cost of sales | 8,443 | 7,976 | 6,498 |
| Gross profit | 2,137 | 2,500 | 1,975 |
| Selling, general and administrative expenses | 726 | 795 | 654 |
| Research and development expenses | 264 | 254 | 226 |
| Asset impairments and restructuring charges, net | 52 | 47 | 227 |
| Other components of post-employment (benefit) cost, net | (101) | (412) | 119 |
| Other (income) charges, net | (6) | (17) | 8 |
| Loss on divested businesses | 43 | 552 | 0 |
| Earnings before interest and taxes | 1,159 | 1,281 | 741 |
| Net interest expense | 182 | 198 | 210 |
| Early debt extinguishment costs | 0 | 1 | 1 |
| Earnings before income taxes | 977 | 1,082 | 530 |
| Provision for income taxes | 181 | 215 | 41 |
| Net earnings | 796 | 867 | 489 |
| Less: Net earnings attributable to noncontrolling interest | 3 | 10 | 11 |
| Net earnings attributable to Eastman | $ 793 | $ 857 | $ 478 |
| Basic earnings per share attributable to Eastman | |||
| Basic earnings per share attributable to Eastman | $ 6.42 | $ 6.35 | $ 3.53 |
| Diluted earnings per share attributable to Eastman | |||
| Diluted earnings per share attributable to Eastman | $ 6.35 | $ 6.25 | $ 3.50 |
| Comprehensive Income | |||
| Net earnings including noncontrolling interest | $ 796 | $ 867 | $ 489 |
| Other comprehensive income (loss), net of tax: | |||
| Change in cumulative translation adjustment | 7 | 56 | (29) |
| Defined benefit pension and other postretirement benefit plans [Abstract] | |||
| Prior service credit arising during the period | 0 | 0 | 9 |
| Amortization of unrecognized prior service credits included in net periodic costs | (27) | (28) | (28) |
| Derivatives and hedging [Abstract] | |||
| Unrealized gain (loss) during period | 53 | 66 | (34) |
| Reclassification adjustment for (gains) losses included in net income, net | (56) | (3) | 23 |
| Total other comprehensive income (loss), net of tax | (23) | 91 | (59) |
| Comprehensive income including noncontrolling interest | 773 | 958 | 430 |
| Less: Net earnings attributable to noncontrolling interest | 3 | 10 | 11 |
| Comprehensive income attributable to Eastman | 770 | 948 | 419 |
| Retained Earnings | |||
| Retained earnings at beginning of period | 8,557 | 8,080 | 7,965 |
| Net earnings attributable to Eastman | 793 | 857 | 478 |
| Cash dividends declared | (377) | (380) | (363) |
| Retained earnings at end of period | $ 8,973 | $ 8,557 | $ 8,080 |
EMN Balance Sheet
2022-12-31CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 493 | $ 459 |
| Trade receivables, net of allowance for credit losses | 957 | 1,091 |
| Miscellaneous receivables | 320 | 489 |
| Inventories | 1,894 | 1,504 |
| Other current assets | 114 | 96 |
| Assets held for sale | 0 | 1,007 |
| Total current assets | 3,778 | 4,646 |
| Properties | ||
| Properties and equipment at cost | 12,942 | 12,680 |
| Less: Accumulated depreciation | 7,782 | 7,684 |
| Net properties | 5,160 | 4,996 |
| Goodwill | 3,664 | 3,641 |
| Intangible assets, net of accumulated amortization | 1,210 | 1,362 |
| Other noncurrent assets | 855 | 874 |
| Total assets | 14,667 | 15,519 |
| Current liabilities | ||
| Payables and other current liabilities | 2,125 | 2,133 |
| Borrowings due within one year | 1,126 | 747 |
| Liabilities held for sale | 0 | 91 |
| Total current liabilities | 3,251 | 2,971 |
| Long-term borrowings | 4,025 | 4,412 |
| Deferred income tax liabilities | 671 | 810 |
| Post-employment obligations | 628 | 811 |
| Other long-term liabilities | 856 | 727 |
| Total liabilities | $ 9,431 | $ 9,731 |
| Common stock, shares issued (in shares) | 222,348,557 | 221,809,309 |
| Common Stock, Shares Authorized | 350,000,000 | 350,000,000 |
| Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
| Stockholders' equity | ||
| Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 222,348,557 and 221,809,309 for 2022 and 2021, respectively) | $ 2 | $ 2 |
| Additional paid-in capital | 2,315 | 2,187 |
| Retained earnings | 8,973 | 8,557 |
| Accumulated other comprehensive loss | (205) | (182) |
| Total stockholders' equity before treasury stock | $ 11,085 | $ 10,564 |
| Treasury stock at cost (in shares) | 103,602,488 | 92,892,229 |
| Less: Treasury stock at cost (103,602,488 and 92,892,229 shares for 2022 and 2021, respectively) | $ 5,932 | $ 4,860 |
| Total Eastman stockholders' equity | 5,153 | 5,704 |
| Noncontrolling interest | 83 | 84 |
| Total equity | 5,236 | 5,788 |
| Total liabilities and stockholders' equity | $ 14,667 | $ 15,519 |