Eastman Chemical Co

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $11.61B
  • PE 13
  • Debt $5.05B
  • Cash $622.00M
  • EV $16.04B
  • FCF $600.00M

Earnings

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Sales & Net Margins

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Earnings$885.00M
EBIT$1.21B
ROE15%
ROA8%
FCF$600.00M
Equity$5.73B
Growth Stability44%
PE13.12
PEG1.21
PB2.03
P/FCF19.35
P/S1.24
Price/Cash0.05
Debt/Equity0.88
Debt/FCF8.42
Net Margins8%
Gross Margins24%
Op. Margins13%
Earnings CAGR-4%
Sales Growth YoY9%
Sales Growth QoQ4%
Sales CAGR0%
FCF CAGR-7%
Equity CAGR4%
Earnings Stability0.09
Earnings Growth YoY1%
Earnings Growth QoQ-22%
Earnings CAGR 5Y11%
Sales CAGR 5Y2%
FCF CAGR 5Y-23%
Equity CAGR 5Y-3%
Earnings CAGR 3Y-7%
Sales CAGR 3Y-7%
FCF CAGR 3Y-9%
Equity CAGR 3Y-0%
Market Cap$11.61B
Revenue$9.34B
Dividend Yield3%
Payout Ratio43%
Assets$15.06B
Total Debt$5.05B
Cash$622.00M
Shares Outstanding115.91M
EV16.04B
Earnings Score5%
Moat Score89%
Safety Score52%
Final Score49%
Working Capital1.35B
Current Ratio1.52
Gross Profit$2.20B
Shares Growth 3y-3%
Equity Growth QoQ1%
Equity Growth YoY6%

Assets & ROA

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Stockholders Equity & ROE

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Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2021 revenues of approximately $10.

SEC Filings

Direct access to Eastman Chemical Co (EMN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Eastman Chemical Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Eastman Chemical Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -4%
Stability 9%
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Eastman Chemical Co Discounted Cash Flow

Fully customizable DCF calculator online for Eastman Chemical Co.

= $3.7B
012345678910TV
fcf$600M$555M$514M$476M$440M$407M$377M$349M$323M$299M$276M$2.8B
DCF$505M$425M$357M$301M$253M$213M$179M$151M$127M$107M$1.1B
Value$3.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins8%9%9%14%11%8%6%8%7%10%8%
ROA-9%9%10%8%6%3%7%7%7%8%
ROE-21%19%25%18%13%8%15%15%16%15%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF-7.338.696.496.085.365.244.8514.158.888.42
Debt over Equity2.11.751.431.191.050.960.920.890.980.880.88
Growth Stability---100%100%69%44%100%100%100%44%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-1%-7%6%6%-9%-9%24%1%-13%2%
Earnings YoY growth-13%1%62%-22%-30%-37%79%-7%13%11%
Equity YoY growth-12%15%19%7%3%1%-5%-10%6%-3%
FCF YoY growth-18%-21%33%1%6%-1%-1%-66%50%-23%