Eastman Stock Today

EMN
 Stock
  

USD 86.62  1.37  1.61%   

Market Performance
0 of 100
Odds Of Distress
Less than 8
Eastman Chemical is selling for 86.62 as of the 30th of November 2022. This is a 1.61% increase since the beginning of the trading day. The stock's open price was 85.25. Eastman Chemical has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Eastman Chemical are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2022 and ending today, the 30th of November 2022. Click here to learn more.
CUSIP
277432100
Fiscal Year End
December
Business Domain
Materials
IPO Date
10th of October 1993
Category
Basic Materials
Classification
Materials
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee. Eastman Chemical operates under Specialty Chemicals classification in the United States and is traded on New York Stock Exchange. The company has 119.99 M outstanding shares of which 1.76 M shares are currently shorted by investors with about 1.57 days to cover. More on Eastman Chemical
Follow Valuation Options Odds of Bankruptcy
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Eastman Chemical Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Eastman Chemical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Eastman Chemical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Eastman Chemical generated a negative expected return over the last 90 days
Over 88.0% of the company shares are held by institutions such as insurance companies
On 7th of October 2022 Eastman Chemical paid $ 0.76 per share dividend to its current shareholders
Latest headline from news.google.com: Does Eastman Chemical Deserve A Spot On Your Watchlist - Simply Wall St
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Eastman Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Eastman Chemical's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanMark Costa
Thematic Ideas
(view all).
Excise Tax ActivitiesAnimal Testing
Fama & French Classification
Average Analyst Recommendation
Analysts covering Eastman Chemical report their recommendations after researching Eastman Chemical's financial statements, talking to executives and customers, or listening in on Eastman Chemical's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Eastman Chemical. The Eastman consensus assessment is calculated by taking the average forecast from all of the analysts covering Eastman Chemical.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Eastman Chemical based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Eastman Chemical financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted156.4 M137.1 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares154.1 M134.9 M
Fairly Up
Decreasing
Stable
Return on Average Assets6.665.4237
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations1.4 B1.6 B
Fairly Down
Increasing
Slightly volatile
Current Liabilities3.2 BB
Significantly Up
Increasing
Slightly volatile
Total Liabilities9.1 B9.8 B
Significantly Down
Increasing
Slightly volatile
Gross Margin26.8923.8641
Moderately Up
Increasing
Very volatile
Total Debt5.9 B5.2 B
Fairly Up
Increasing
Slightly volatile
Asset Turnover0.770.663
Fairly Up
Decreasing
Slightly volatile
Current Assets3.7 B4.6 B
Significantly Down
Increasing
Slightly volatile
Total Assets13.9 B15.5 B
Moderately Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Eastman Chemical's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Eastman Chemical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Eastman Chemical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Eastman Chemical's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Eastman Chemical's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Eastman Chemical's financial leverage. It provides some insight into what part of Eastman Chemical's total assets is financed by creditors.
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By using current balance sheet information, investors can analyze the liability, assets, and equity on Eastman Chemical's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Eastman Chemical deploys its capital and how much of that capital is borrowed.
Liquidity
Eastman Chemical cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 4.41 B in debt with debt to equity (D/E) ratio of 0.96, which is OK given its current industry classification. Eastman Chemical has a current ratio of 1.25, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Debt can assist Eastman Chemical until it has trouble settling it off, either with new capital or with free cash flow. So, Eastman Chemical's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eastman Chemical sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastman to invest in growth at high rates of return. When we think about Eastman Chemical's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.41 Billion
Eastman Chemical (EMN) is traded on New York Stock Exchange in USA and employs 14,000 people. Eastman Chemical is listed under Diversified Chemicals category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 10.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Eastman Chemical's market, we take the total number of its shares issued and multiply it by Eastman Chemical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Eastman Chemical runs under Chemicals sector within Materials industry. The entity has 119.99 M outstanding shares of which 1.76 M shares are currently shorted by investors with about 1.57 days to cover. Eastman Chemical has about 459 M in cash with 1.62 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.84.
Check Eastman Chemical Probability Of Bankruptcy
Ownership
Eastman Chemical retains a total of 119.99 Million outstanding shares. The majority of Eastman Chemical outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Eastman Chemical to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Eastman Chemical. Please pay attention to any change in the institutional holdings of Eastman Chemical as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Eastman Ownership Details

Eastman Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Eastman Chemical jumping above the current price in 90 days from now is about 17.6%. The Eastman Chemical probability density function shows the probability of Eastman Chemical stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.62 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Eastman Chemical will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Eastman Chemical is significantly underperforming NYSE Composite.
  Odds Below 86.62HorizonTargetOdds Above 86.62
82.29%90 days
 86.62 
17.60%
Based on a normal probability distribution, the odds of Eastman Chemical to move above the current price in 90 days from now is about 17.6 (This Eastman Chemical probability density function shows the probability of Eastman Stock to fall within a particular range of prices over 90 days) .

Eastman Chemical Historical Income Statement

Eastman Chemical Income Statement is one of the three primary financial statements used for reporting Eastman's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eastman Chemical revenue and expense. Eastman Chemical Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Eastman Chemical Operating Expenses is quite stable at the moment as compared to the past year. The company's current value of Operating Expenses is estimated at 916.05 Million. Research and Development Expense is expected to rise to about 260.9 M this year, although the value of Direct Expenses will most likely fall to about 7 B. View More Fundamentals

Eastman Stock Against Markets

Picking the right benchmark for Eastman Chemical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Eastman Chemical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Eastman Chemical is critical whether you are bullish or bearish towards Eastman Chemical at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eastman Chemical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Probability Of Bankruptcy

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Eastman Chemical Corporate Directors

Eastman Chemical corporate directors refer to members of an Eastman Chemical board of directors. The board of directors generally takes responsibility for the Eastman Chemical's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Eastman Chemical's board members must vote for the resolution. The Eastman Chemical board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Charles Stevens - Independent DirectorProfile
Kim Mink - Independent DirectorProfile
Brett Begemann - Independent DirectorProfile
Edward Doheny - Independent DirectorProfile

Invested in Eastman Chemical?

The danger of trading Eastman Chemical is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eastman Chemical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eastman Chemical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eastman Chemical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running Eastman Chemical price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Eastman Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.043) 
Market Capitalization
10.4 B
Quarterly Revenue Growth YOY
(0.004) 
Return On Assets
0.0693
Return On Equity
0.2
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine Eastman Chemical value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.