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Eastman Chemical Co Stock Research

EMN

81.96USD+1.79(+2.23%)Market Closed

Market Summary

USD81.96+1.79
Market Closed
2.23%

EMN Alerts

EMN Stock Price

EMN RSI Chart

EMN Valuation

Market Cap

9.8B

Price/Earnings (Trailing)

12.4

Price/Sales (Trailing)

0.93

EV/EBITDA

7.34

Price/Free Cashflow

27.02

EMN Price/Sales (Trailing)

EMN Profitability

EBT Margin

9.23%

Return on Equity

15.39%

Return on Assets

5.41%

Free Cashflow Yield

3.7%

EMN Fundamentals

EMN Revenue

Revenue (TTM)

10.6B

Revenue Y/Y

-11.92%

Revenue Q/Q

-12.4%

EMN Earnings

Earnings (TTM)

793.0M

Earnings Y/Y

-99.74%

Earnings Q/Q

-99.67%

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

Current Ratio

1.16

EMN Investor Care

Dividend Yield

3.71%

Dividend/Share (TTM)

3.04

Buy Backs (1Y)

10.75%

Diluted EPS (TTM)

6.35

Peers (Alternatives to Eastman Chemical)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
34.6B
13.0B
-11.17% -4.61%
5.89
2.66
3.59% -9.26%
26.8B
17.7B
-2.11% 3.18%
24.98
1.52
5.06% -28.70%
25.1B
7.3B
-20.57% 18.26%
9.35
3.44
119.96% 2074.96%
11.3B
-
-16.10% -24.80%
5.98
1.18
22.25% 0.21%
MID-CAP
9.8B
10.6B
-9.42% -23.78%
12.4
0.93
0.99% -7.47%
6.9B
9.4B
-19.85% 0.94%
5.18
0.73
5.23% 2.33%
5.3B
4.9B
-4.95% 17.14%
26.11
1.1
10.60% -27.40%
5.1B
8.0B
-12.87% -28.62%
11.13
0.64
4.60% -55.98%
3.5B
3.4B
-2.52% -21.58%
5
1.04
2.46% 204.64%
2.4B
999.6M
1.27% 44.25%
215.39
2.37
3.34% -90.08%
SMALL-CAP
970.8M
1.9B
-18.23% -28.96%
5.65
0.5
15.49% 22.96%
703.1M
5.0B
-24.28% -54.90%
-1.63
0.14
2.86% -197.93%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-2.9%10,58010,90110,91210,78110,476
Gross Profit-7.9%2,1372,3202,4412,4522,500
  S&GA Expenses-4.7%726762790807795
  R&D Expenses-1.1%264267265261254
EBITDA-28.5%1,2721,7781,8221,3461,422
EBITDA Margin-26.3%0.12*0.16*0.17*0.12*0.14*
Earnings Before Taxes-33.9%9771,4781,5181,0301,082
EBT Margin-31.9%0.09*0.14*0.14*0.10*0.10*
Interest Expenses0%-182-182-188-194-198
Net Income-32.2%7931,1701,220818857
Net Income Margin-30.2%0.07*0.11*0.11*0.08*0.08*
Free Cahsflow21.3%3643006358441,064
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.1%14,66714,98514,87515,80615,519
  Current Assets-8.0%3,7784,1054,0034,9294,646
    Cash Equivalents6.9%493461456487459
  Inventory-4.1%1,8941,9751,8261,6711,504
  Net PPE3.6%5,1604,9824,9594,9974,996
  Goodwill0.5%3,6643,6443,6633,6653,641
Liabilities-0.9%9,4319,5189,4689,8299,731
  Current Liabilities1.4%3,2513,2073,1483,1362,971
.    Short Term Borrowings3.7%1,1261,086979984747
    LT Debt, Non Current1.2%4,0253,9794,0124,3794,412
Shareholder's Equity-4.3%5,1535,3845,4075,9775,704
  Retained Earnings-1.0%8,9739,0658,8578,6948,557
  Additional Paid-In Capital0.6%2,3152,3012,1792,2622,187
Accumulated Depreciation1.6%7,7827,6637,7847,7567,684
Shares Outstanding-2.3%120123129129-
Minority Interest0%83.0083.0084.0084.0084.00
Float-14,993----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations2.8%9759481,2391,4201,619
Cashflow From Investing-61.4%3921,0161,004-47.00-29.00
Cashflow From Financing40.1%-1,321-2,204-2,385-1,424-1,690
  Dividend Payments-0.5%381383383379375

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 ascendingFund NameType% 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
-%

1–10 of 47

Latest Funds Activity

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

Eastman Chemical News

MarketBeat

RNC Capital Management LLC Has $634000 Stock Position in ....

MarketBeat,
22 hours ago

Nasdaq

Investing.com India

Marketscreener.com

Stock Traders Daily

Schedule 13G FIlings of Eastman Chemical

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

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

2022-12-31
CONSOLIDATED 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 sales8,4437,9766,498
Gross profit2,1372,5001,975
Selling, general and administrative expenses726795654
Research and development expenses264254226
Asset impairments and restructuring charges, net5247227
Other components of post-employment (benefit) cost, net(101)(412)119
Other (income) charges, net(6)(17)8
Loss on divested businesses435520
Earnings before interest and taxes1,1591,281741
Net interest expense182198210
Early debt extinguishment costs011
Earnings before income taxes9771,082530
Provision for income taxes18121541
Net earnings796867489
Less: Net earnings attributable to noncontrolling interest31011
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 adjustment756(29)
Defined benefit pension and other postretirement benefit plans [Abstract]   
Prior service credit arising during the period009
Amortization of unrecognized prior service credits included in net periodic costs(27)(28)(28)
Derivatives and hedging [Abstract]   
Unrealized gain (loss) during period5366(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 interest773958430
Less: Net earnings attributable to noncontrolling interest31011
Comprehensive income attributable to Eastman770948419
Retained Earnings   
Retained earnings at beginning of period8,5578,0807,965
Net earnings attributable to Eastman793857478
Cash dividends declared(377)(380)(363)
Retained earnings at end of period$ 8,973$ 8,557$ 8,080

EMN Balance Sheet

2022-12-31
CONSOLIDATED 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 losses9571,091
Miscellaneous receivables320489
Inventories1,8941,504
Other current assets11496
Assets held for sale01,007
Total current assets3,7784,646
Properties  
Properties and equipment at cost12,94212,680
Less:  Accumulated depreciation7,7827,684
Net properties5,1604,996
Goodwill3,6643,641
Intangible assets, net of accumulated amortization1,2101,362
Other noncurrent assets855874
Total assets14,66715,519
Current liabilities  
Payables and other current liabilities2,1252,133
Borrowings due within one year1,126747
Liabilities held for sale091
Total current liabilities3,2512,971
Long-term borrowings4,0254,412
Deferred income tax liabilities671810
Post-employment obligations628811
Other long-term liabilities856727
Total liabilities$ 9,431$ 9,731
Common stock, shares issued (in shares)222,348,557221,809,309
Common Stock, Shares Authorized350,000,000350,000,000
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 capital2,3152,187
Retained earnings8,9738,557
Accumulated other comprehensive loss(205)(182)
Total stockholders' equity before treasury stock$ 11,085$ 10,564
Treasury stock at cost (in shares)103,602,48892,892,229
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' equity5,1535,704
Noncontrolling interest8384
Total equity5,2365,788
Total liabilities and stockholders' equity$ 14,667$ 15,519