DB:KODN

Stock Analysis Report

Eastman Kodak

Executive Summary

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Eastman Kodak's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KODN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.6%

KODN

8.9%

DE Tech

7.1%

DE Market


1 Year Return

-39.4%

KODN

-24.4%

DE Tech

-17.5%

DE Market

Return vs Industry: KODN underperformed the German Tech industry which returned -24.4% over the past year.

Return vs Market: KODN underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

KODNIndustryMarket
7 Day-3.6%8.9%7.1%
30 Day-41.8%-20.4%-20.0%
90 Day-48.5%-24.2%-26.1%
1 Year-39.4%-39.4%-23.8%-24.4%-15.0%-17.5%
3 Year-84.7%-84.7%60.4%57.0%-18.8%-25.8%
5 Year-90.6%-90.6%69.7%49.9%-17.9%-29.2%

Price Volatility Vs. Market

How volatile is Eastman Kodak's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Eastman Kodak undervalued compared to its fair value and its price relative to the market?

0.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KODN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KODN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KODN is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: KODN is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KODN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KODN is good value based on its PB Ratio (0.7x) compared to the XE Tech industry average (1.1x).


Next Steps

Future Growth

How is Eastman Kodak forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.3%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eastman Kodak has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Eastman Kodak performed over the past 5 years?

22.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KODN is currently unprofitable.

Growing Profit Margin: KODN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KODN is unprofitable, but has reduced losses over the past 5 years at a rate of 22.4% per year.

Accelerating Growth: Unable to compare KODN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KODN is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (7.9%).


Return on Equity

High ROE: KODN has a negative Return on Equity (-32.38%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eastman Kodak's financial position?


Financial Position Analysis

Short Term Liabilities: KODN's short term assets ($706.0M) exceed its short term liabilities ($368.0M).

Long Term Liabilities: KODN's short term assets ($706.0M) do not cover its long term liabilities ($766.0M).


Debt to Equity History and Analysis

Debt Level: KODN's debt to equity ratio (39.5%) is considered satisfactory.

Reducing Debt: KODN's debt to equity ratio has reduced from 226.9% to 39.5% over the past 5 years.


Balance Sheet

Inventory Level: KODN has a high level of physical assets or inventory.

Debt Coverage by Assets: KODN's debt is covered by short term assets (assets are 6.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KODN has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: KODN has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Eastman Kodak's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KODN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate KODN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KODN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KODN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KODN's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Jim Continenza (56yo)

1.08s

Tenure

US$410,003

Compensation

Mr. James V. Continenza, also known as Jim, has been the Chief Executive Officer and Executive Chairman at Eastman Kodak Company since February 20, 2019. Mr. Continenza, has led the Eastman Kodak 's effort ...


Leadership Team

NamePositionTenureCompensationOwnership
James Continenza
Executive Chairman & CEO1.08yrsUS$410.00k1.38% $924.9k
Eric-Yves Mahe
Senior Vice President5.92yrsUS$1.18m0.14% $91.6k
David Bullwinkle
CFO & Senior VP3.67yrsUS$1.12m0.094% $62.8k
Eric Samuels
Chief Accounting Officer & Corporate Controller10.67yrsno data0.045% $30.1k
Terry Taber
Senior VP of Advanced Materials and Chemicals & CTO11.17yrsUS$781.50k0.10% $68.3k
Kim VanGelder
Chief Information Officer & Senior VP16.17yrsno datano data
William Love
Director of Investor Relations & Treasurer3.67yrsno datano data
Roger Byrd
General Counsel1.17yrsno data0.033% $22.2k
Steven Overman
Senior VP & Chief Marketing Officer5.42yrsno data0.065% $43.5k
Uwe Boerke
Chief Human Resources Officer1.17yrsno datano data

4.5yrs

Average Tenure

54yo

Average Age

Experienced Management: KODN's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Continenza
Executive Chairman & CEO1.08yrsUS$410.00k1.38% $924.9k
Etienne Bourgeois
VP of Global Logistics & VP & Director of European16.17yrsno datano data
Philippe Katz
Independent Director1.08yrsno data0.21% $143.1k
Richard Bradley
Independent Director2.75yrsUS$250.00kno data
William Parrett
Independent Director12.33yrsUS$270.00k0.036% $24.0k
George Karfunkel
Independent Director6.5yrsUS$250.00k14.6% $9.8m
Jason New
Independent Director6.5yrsUS$200.00kno data
Jeffrey Engelberg
Independent Director2.83yrsUS$250.00k0.34% $228.4k

6.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: KODN's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KODN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Eastman Kodak Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eastman Kodak Company
  • Ticker: KODN
  • Exchange: DB
  • Founded: 1880
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$74.084m
  • Listing Market Cap: US$66.816m
  • Shares outstanding: 43.58m
  • Website: https://www.kodak.com

Number of Employees


Location

  • Eastman Kodak Company
  • 343 State Street
  • Rochester
  • New York
  • 14650
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KODKNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 2013
KODNDB (Deutsche Boerse AG)YesCommon StockDEEURSep 2013
0IF4LSE (London Stock Exchange)YesCommon StockGBUSDSep 2013

Biography

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park. It offers digital offset plate and computer-to-plate imaging, and electro photographic printing solutions; production press systems, consumables, and inkjet components and services; and a suite of software solutions for print production workflow, as well as business process outsourcing services, scan and capture solutions, records conversion services, workflow solutions, content management, and print and managed media services. The company also consumer inkjet printers, and specialty inks and dispersions; industrial film and chemicals; and motion picture films, as well as licenses Kodak brand to third parties for a range of products, including batteries, digital and instant print cameras, camera accessories, printers, and LED lighting products. In addition, it offers intellectual property licensing solutions; and leases technology center and industrial complex. The company sells its products and services through third party resellers and distributors, as well as directly and indirectly to enterprise accounts and customers. Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 23:23
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.