Eastman Kodak Co

Consumer Discretionary
Industrial Machinery/Components
www.kodak.com

Earnings Score
Moat Score
Safety Score

Market Cap $568.80M
PE 9
Debt $461.00M
Cash $214.00M
EV $815.80M
FCF -$50.00M

Earnings

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Sales & Net Margins

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Earnings	$60.00M
EBIT	$92.00M
ROE	6%
ROA	4%
FCF	-$50.00M
Equity	$982.00M
Growth Stability	-837%
PE	9.48
PEG	1.12
PB	0.58
P/FCF	-11.38
P/S	0.54
Price/Cash	0.38
Debt/Equity	0.47
Debt/FCF	-9.22
Net Margins	7%
Gross Margins	19%
Op. Margins	9%
Earnings CAGR	-4%
Sales Growth YoY	-3%
Sales Growth QoQ	-2%
Sales CAGR	-5%
Equity CAGR	22%
Earnings Stability	0.02
Earnings Growth QoQ	-35%
Earnings CAGR 5Y	8%

Sales CAGR 5Y	-1%
Equity CAGR 5Y	93%
Earnings CAGR 3Y	-4%
Sales CAGR 3Y	-4%
Equity CAGR 3Y	7%
Market Cap	$568.80M
Revenue	$1.05B
Dividend Yield	1%
Payout Ratio	7%
Assets	$2.39B
Total Debt	$461.00M
Cash	$214.00M
Shares Outstanding	80M
EV	815.8M
Earnings Score	6%
Moat Score	67%
Safety Score	37%
Final Score	37%
Working Capital	376M
Current Ratio	2.41
Gross Profit	$199.00M
Shares Growth 3y	1%
Equity Growth QoQ	2%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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Eastman Kodak Co is a United States-based company. The company operates via several business segments: Traditional Printing, Digital Printing, Brand and Advanced Materials and Chemicals. The Traditional Printing segment which derives majority revenue offers digital and traditional products and services to various businesses, such as commercial print and book publishing, and this segment contributes over half of total revenue. The company has a global business presence, with overseas markets accounting for a majority of revenue.

SEC Filings

Direct access to Eastman Kodak Co (KODK) 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 Kodak Co compare to its competitors?

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Peter Lynch's Chart

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

CAGR -4%

Stability 2%

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Eastman Kodak Co Discounted Cash Flow

Fully customizable DCF calculator online for Eastman Kodak Co.

Years

Calculation mode

= -$500M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$50M	-$50M	-$50M	-$50M	-$50M	-$50M	-$50M	-$50M	-$50M	-$50M	-$50M	-$500M
DCF		-$45M	-$41M	-$38M	-$34M	-$31M	-$28M	-$26M	-$23M	-$21M	-$19M	-$193M
Value	-$500M

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-6%	-5%	1%	6%	-1%	9%	-53%	2%	1%	5%	7%
ROA	-	4%	8%	1%	-0%	-3%	-6%	1%	1%	4%	4%
ROE	-	-78%	-21%	165%	533%	117%	-703%	3%	1%	6%	6%

Net Margins (7.46%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-4.96	-7.63	-3.88	-8.4	-37.67	-0.4	-3.75	-2.16	76.5	-9.22
Debt over Equity	2.28	6.65	-5.64	7.14	-266	1.14	0.27	0.33	0.31	0.49	0.47
Growth Stability	-	-	-	-	-166%	100%	-837%	-	-	-	-837%

Good Debt/FCF ratio (-9.22)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.47)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-837%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-16%	-10%	-1%	-13%	-6%	-17%	12%	5%	-7%	-1%
Earnings YoY growth	-	-35%	-119%	527%	-117%	-825%	-566%	-104%	-41%	331%	8%
Equity YoY growth	-	-66%	-171%	-178%	-105%	-3K%	-22%	914%	33%	-11%	93%
FCF YoY growth	-	-19%	-61%	94%	-10%	-97%	2K%	31%	116%	-104%	-