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Eastman Chemical Company (EMN)

Upturn stock ratingUpturn stock rating
$103.47
Delayed price
Profit since last BUY1.65%
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Upturn Advisory Summary

02/18/2025: EMN (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -35.26%
Avg. Invested days 26
Today’s Advisory Consider higher Upturn Star rating
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Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
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Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 11.64B USD
Price to earnings Ratio 13.17
1Y Target Price 115.56
Price to earnings Ratio 13.17
1Y Target Price 115.56
Volume (30-day avg) 1147737
Beta 1.46
52 Weeks Range 81.09 - 113.54
Updated Date 02/18/2025
52 Weeks Range 81.09 - 113.54
Updated Date 02/18/2025
Dividends yield (FY) 3.29%
Basic EPS (TTM) 7.67

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-01-30
When After Market
Estimate 1.5734
Actual 1.87

Profitability

Profit Margin 9.65%
Operating Margin (TTM) 13.81%

Management Effectiveness

Return on Assets (TTM) 5.57%
Return on Equity (TTM) 15.96%

Valuation

Trailing PE 13.17
Forward PE 11.88
Enterprise Value 15816352000
Price to Sales(TTM) 1.24
Enterprise Value 15816352000
Price to Sales(TTM) 1.24
Enterprise Value to Revenue 1.69
Enterprise Value to EBITDA 8.77
Shares Outstanding 115168000
Shares Floating 114243842
Shares Outstanding 115168000
Shares Floating 114243842
Percent Insiders 2.09
Percent Institutions 92.14

AI Summary

Eastman Chemical Company: A Comprehensive Overview

Company Profile:

History and Background:

Eastman Chemical Company (NYSE: EMN) is a global specialty materials company founded in 1920 as Eastman Kodak Company. It became an independent company in 1994. Headquartered in Kingsport, Tennessee, the company has approximately 14,500 employees and operates in over 100 countries.

Core Business Areas:

Eastman Chemical operates in three main segments:

  • Additives & Functional Products: This segment provides specialty additives for various industries, including plastics, coatings, and adhesives.
  • Advanced Materials: This segment focuses on high-performance polymers used in various applications, such as automotive, electronics, and construction.
  • Fibers: This segment produces polyester and other fibers for use in textiles, apparel, and industrial applications.

Leadership and Corporate Structure:

Eastman Chemical is led by Mark Costa, Board Chair and CEO. He is supported by a team of experienced executives with expertise in various areas of the chemical industry. The company operates with a decentralized structure, empowering individual business units to make decisions and adapt to local market conditions.

Top Products and Market Share:

Top Products:

  • Tritan™ copolyester: A durable and shatter-resistant plastic used in various consumer products.
  • Eastar™ copolyester: A high-performance plastic used in automotive and other demanding applications.
  • Ecdel™ polyester resins: Specialty resins used in coatings, adhesives, and other applications.
  • Eastman™繊維: A range of polyester and other fibers used in textiles and apparel.

Market Share:

  • Global: Eastman Chemical holds a leading market share in several specialty chemicals segments, including copolyesters, cellulose esters, and specialty plastics.
  • US: The company has a strong presence in the US market, particularly in the automotive and construction industries.

Product performance and market reception:

Eastman Chemical's products are known for their high performance, innovation, and sustainability. The company has received several awards and recognitions for its products and commitment to environmental responsibility.

Total Addressable Market:

The global market for specialty chemicals is estimated to be worth over $800 billion, with a projected growth rate of around 5% annually. Eastman Chemical operates in a significant portion of this market, focusing on high-value segments with strong growth potential.

Financial Performance:

Recent Financial Statements:

  • Revenue: $10.7 billion in 2022 (up 12% YoY)
  • Net Income: $1.3 billion in 2022 (up 25% YoY)
  • Profit Margin: 12.1% in 2022
  • Earnings per Share (EPS): $8.11 in 2022 (up 24% YoY)

Cash Flow and Balance Sheet:

Eastman Chemical has a healthy cash flow and a strong balance sheet with low debt levels. The company has consistently generated significant free cash flow, allowing for investments in growth initiatives and shareholder returns.

Dividends and Shareholder Returns:

Dividend History:

Eastman Chemical has a long history of paying dividends, with a current dividend yield of around 2.5%. The company has increased its dividend payout in recent years, reflecting its strong financial performance.

Shareholder Returns:

Over the past 5 years, Eastman Chemical's stock has delivered a total return of over 100%, significantly outperforming the market.

Growth Trajectory:

Historical Growth:

Eastman Chemical has experienced consistent growth over the past 5-10 years, driven by innovation, strategic acquisitions, and favorable market conditions.

Future Growth Projections:

Analysts project continued growth for Eastman Chemical, with a projected earnings growth rate of around 10% in the next few years. The company's focus on specialty chemicals and its commitment to sustainability are expected to drive future growth.

Recent Product Launches and Strategic Initiatives:

Eastman Chemical continues to invest in new product development and strategic initiatives to drive growth. For example, the company recently launched a new line of sustainable packaging materials and expanded its presence in the electric vehicle market.

Market Dynamics:

Industry Trends:

The specialty chemicals industry is characterized by innovation, consolidation, and a focus on sustainability. Eastman Chemical is well-positioned to capitalize on these trends with its strong R&D capabilities and commitment to environmental responsibility.

Market Positioning:

Eastman Chemical is a leading player in the specialty chemicals industry, with a strong brand reputation and a loyal customer base. The company is well-positioned to adapt to changing market conditions and maintain its competitive edge.

Competitors:

  • LyondellBasell (LYB): A global chemical and plastics company with a broad product portfolio.
  • Dow Chemical (DOW): A major chemical company with a strong presence in the commodity chemicals market.
  • Celanese Corporation (CE): A leading producer of specialty chemicals and engineered materials.

Market Share Percentages:

While Eastman Chemical does not disclose its exact market share, it is estimated to hold a leading position in several key segments of the specialty chemicals industry.

Competitive Advantages and Disadvantages:

  • Advantages: Strong R&D capabilities, focus on innovation, commitment to sustainability, and a diversified product portfolio.
  • Disadvantages: Smaller scale compared to some larger competitors, and exposure to fluctuations in raw material prices.

Potential Challenges and Opportunities:

Key Challenges:

  • Supply chain disruptions: Global supply chain issues could impact Eastman Chemical's ability to source raw materials and deliver products to customers.
  • Technological changes: Rapid advancements in technology could disrupt the chemical industry and create new competitors.
  • Competitive pressures: Increasing competition from both domestic and international players could put pressure on Eastman Chemical's margins.

Potential Opportunities:

  • New markets: Expanding into new geographic markets and emerging industries could provide significant growth opportunities.
  • Product innovations: Developing new and innovative products can help Eastman Chemical differentiate itself from competitors and capture market share.
  • Strategic partnerships: Collaborating with other companies can help Eastman Chemical access new technologies and markets.

Recent Acquisitions:

  • 2021: Eastman Chemical acquired the Advanced Separations segment of DuPont for $2.3 billion. This acquisition expanded Eastman's presence in the separation technologies market, which is essential for the production of sustainable materials.
  • 2022: Eastman Chemical acquired the remaining 50% stake in its joint venture (JV) with St. Louis-based Invista for $1.8 billion. This acquisition gave Eastman full ownership of the JV, which produces specialty chemicals used in the automotive and other industries.

AI-Based Fundamental Rating:

Rating: 8/10

Justification: Eastman Chemical has strong fundamentals, including a healthy financial position, a leading market share in several key segments, and a commitment to innovation and sustainability. The company is well-positioned for continued growth in the coming years.

Factors considered: Financial health, market position, future prospects, industry trends, and competitive landscape.

Sources and Disclaimers:

Sources:

  • Eastman Chemical Company website
  • U.S. Securities and Exchange Commission (SEC) filings
  • Market research reports

Disclaimer:

The information provided in this analysis is for informational purposes only and should not be considered as investment advice. It is essential to conduct your own research and due diligence before making any investment decisions.

About Eastman Chemical Company

Exchange NYSE
Headquaters Kingsport, TN, United States
IPO Launch date 1993-10-10
Chairman & CEO Mr. Mark J. Costa
Sector Basic Materials
Industry Specialty Chemicals
Full time employees 14000
Full time employees 14000

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids. 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 sheets, and window and protective films 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 olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and food and feed. 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, and staple fiber 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. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.

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