Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide.
Very undervalued 6 star dividend payer.
Share Price & News
How has Eastman Chemical's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EMN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EMN underperformed the US Chemicals industry which returned -31.2% over the past year.
Return vs Market: EMN underperformed the US Market which returned -11.9% over the past year.
Price Volatility Vs. Market
How volatile is Eastman Chemical's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StVolatility 101: Should Eastman Chemical (NYSE:EMN) Shares Have Dropped 48%?
2 weeks ago | Simply Wall StWhat Is Eastman Chemical's (NYSE:EMN) P/E Ratio After Its Share Price Tanked?
3 weeks ago | Simply Wall StIs It Smart To Buy Eastman Chemical Company (NYSE:EMN) Before It Goes Ex-Dividend?
Is Eastman Chemical undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EMN ($46.47) is trading below our estimate of fair value ($105.91)
Significantly Below Fair Value: EMN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EMN is good value based on its PE Ratio (8.4x) compared to the Chemicals industry average (15x).
PE vs Market: EMN is good value based on its PE Ratio (8.4x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: EMN is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: EMN is good value based on its PB Ratio (1.1x) compared to the US Chemicals industry average (1.3x).
How is Eastman Chemical forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMN's forecast earnings growth (9.9% per year) is above the savings rate (1.7%).
Earnings vs Market: EMN's earnings (9.9% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: EMN's earnings are forecast to grow, but not significantly.
Revenue vs Market: EMN's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: EMN's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EMN's Return on Equity is forecast to be low in 3 years time (16.6%).
How has Eastman Chemical performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMN has high quality earnings.
Growing Profit Margin: EMN's current net profit margins (8.2%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: EMN's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: EMN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EMN had negative earnings growth (-29.7%) over the past year, making it difficult to compare to the Chemicals industry average (-7.2%).
Return on Equity
High ROE: EMN's Return on Equity (12.6%) is considered low.
How is Eastman Chemical's financial position?
Financial Position Analysis
Short Term Liabilities: EMN's short term assets ($3.3B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: EMN's short term assets ($3.3B) do not cover its long term liabilities ($8.2B).
Debt to Equity History and Analysis
Debt Level: EMN's debt to equity ratio (95.9%) is considered high.
Reducing Debt: EMN's debt to equity ratio has reduced from 210.8% to 95.9% over the past 5 years.
Debt Coverage: EMN's debt is well covered by operating cash flow (26%).
Interest Coverage: EMN's interest payments on its debt are well covered by EBIT (5.7x coverage).
Inventory Level: EMN has a high level of physical assets or inventory.
Debt Coverage by Assets: EMN's debt is not covered by short term assets (assets are 0.6x debt).
What is Eastman Chemical's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EMN's dividend (5.68%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: EMN's dividend (5.68%) is in the top 25% of dividend payers in the US market (5.49%)
Stability and Growth of Payments
Stable Dividend: EMN's dividends per share have been stable in the past 10 years.
Growing Dividend: EMN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.6%), EMN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EMN's dividends in 3 years are forecast to be well covered by earnings (36.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Costa (53yo)
Mr. Mark J. Costa has been an Executive Vice President of Specialty Polymers, Coatings & Adhesives at Eastman Chemical Co since July 2012., and its Chief Marketing Officer since August 2008. Mr. Costa has ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD15.92M) is above average for companies of similar size in the US market ($USD7.34M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Chairman & CEO||6.17yrs||US$15.92m||0.22% $14.0m|
|Executive Vice President||0.083yr||US$5.62m||0.091% $5.8m|
|Executive VP & Chief Commercial Officer||6.17yrs||US$4.40m||0.043% $2.7m|
|Executive Vice President of Chemical Intermediates||3.67yrs||US$4.94m||0.010% $658.7k|
|CFO & Senior VP||0.083yr||no data||0.010% $639.1k|
|Chief Accounting Officer||11.5yrs||no data||0.011% $665.6k|
|Senior VP and Chief Technology & Sustainability Officer||6.17yrs||US$3.54m||0.026% $1.7m|
|Vice President of Investor Relations & Communications||17.58yrs||no data||no data|
|VP, Interim Chief Legal Officer & Corporate Secretary||0.58yr||no data||0.0036% $225.4k|
|Chief HR Officer & Senior VP||7.17yrs||no data||0.035% $2.2m|
Experienced Management: EMN's management team is seasoned and experienced (6.2 years average tenure).
|Chairman & CEO||6.17yrs||US$15.92m||0.22% $14.0m|
|Independent Director||4.08yrs||US$250.07k||0.0016% $101.0k|
|Independent Director||16.5yrs||US$259.07k||0.014% $870.8k|
|Independent Director||13.42yrs||US$265.07k||0.010% $641.6k|
|Lead Independent Director||3.83yrs||US$291.57k||0.036% $2.3m|
|Independent Director||15yrs||US$250.07k||0.010% $656.1k|
|Independent Director||19.25yrs||US$266.57k||0.027% $1.7m|
|Independent Director||9.08yrs||US$270.07k||0.0059% $372.6k|
|Independent Director||8.33yrs||US$268.07k||0.0062% $389.0k|
|Independent Director||9.17yrs||US$277.57k||0.0055% $344.8k|
Experienced Board: EMN's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EMN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Eastman Chemical Company's company bio, employee growth, exchange listings and data sources
- Name: Eastman Chemical Company
- Ticker: EMN
- Exchange: NYSE
- Founded: 1920
- Industry: Diversified Chemicals
- Sector: Materials
- Market Cap: US$6.315b
- Shares outstanding: 135.89m
- Website: https://www.eastman.com
Number of Employees
- Eastman Chemical Company
- 200 South Wilcox Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EMN||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 1993|
|EAC||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 1993|
|0IF3||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Dec 1993|
|EAC||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Dec 1993|
|EMN *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Dec 1993|
|E1MN34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The company’s Additives & Functional Products segment offers specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and antidegradant rubber additives; performance resins; amine derivative-based building blocks; heat transfer and aviation fluids; organic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. Its Advanced Materials segment provides copolyesters, cellulose esters, polyvinyl butyral (PVB) sheets, specialty PVB intermediates, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, consumables, building and construction, durable goods, and health and wellness markets. The company’s Chemical Intermediates segment offers Olefin and acetyl derivatives, ethylene, and commodity solvents; primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers; and methylamines and salts higher amines and solvents to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wetlaid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, aerospace, personal hygiene, and consumables markets. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 23:44|
|End of Day Share Price||2020/03/27 00:00|
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.