Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. More Details
Established dividend payer and good value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EMN exceeded the US Chemicals industry which returned 10.5% over the past year.
Return vs Market: EMN underperformed the US Market which returned 18.5% 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
2 months ago | Simply Wall StShould You Use Eastman Chemical's (NYSE:EMN) Statutory Earnings To Analyse It?
2 months ago | Simply Wall StWho Has Been Selling Eastman Chemical Company (NYSE:EMN) Shares?
2 months ago | Simply Wall StDoes Eastman Chemical (NYSE:EMN) Have A Healthy Balance Sheet?
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 ($85.35) is trading below our estimate of fair value ($91.54)
Significantly Below Fair Value: EMN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: EMN is good value based on its PE Ratio (20.1x) compared to the US Chemicals industry average (27.6x).
PE vs Market: EMN is poor value based on its PE Ratio (20.1x) compared to the US market (19x).
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 (1.9x) compared to the US Chemicals industry average (2.1x).
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 (24.2% per year) is above the savings rate (2.2%).
Earnings vs Market: EMN's earnings (24.2% per year) are forecast to grow faster than the US market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EMN's revenue (4.9% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: EMN's revenue (4.9% per year) is forecast to grow slower than 20% 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 (14.9%).
How has Eastman Chemical performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMN has a large one-off loss of $231.0M impacting its June 30 2020 financial results.
Growing Profit Margin: EMN's current net profit margins (6.6%) are lower than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: EMN's earnings have grown by 1.5% 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 (-36.7%) over the past year, making it difficult to compare to the Chemicals industry average (-18.6%).
Return on Equity
High ROE: EMN's Return on Equity (9.6%) is considered low.
How is Eastman Chemical's financial position?
Financial Position Analysis
Short Term Liabilities: EMN's short term assets ($3.5B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: EMN's short term assets ($3.5B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: EMN's debt to equity ratio (100.6%) is considered high.
Reducing Debt: EMN's debt to equity ratio has reduced from 190.5% to 100.6% over the past 5 years.
Debt Coverage: EMN's debt is well covered by operating cash flow (27.6%).
Interest Coverage: EMN's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is Eastman Chemical current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EMN's dividend (3.09%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: EMN's dividend (3.09%) is low compared to the top 25% of dividend payers in the US market (4.68%).
Stability and Growth of Payments
Stable Dividend: EMN's dividends per share have been stable in the past 10 years.
Growing Dividend: EMN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.3%), EMN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EMN's dividends in 3 years are forecast to be well covered by earnings (38.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Costa (54 yo)
Mr. Mark J. Costa has been an Executive Vice President of Specialty Polymers, Coatings & Adhesives at Eastman Chemical Co since July 2012., and its Chief Marketing Officer since August 2008. Mr. Costa has ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD14.56M) is about average for companies of similar size in the US market ($USD11.20M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Chairman & CEO||6.75yrs||US$14.56m||0.22% |
|Senior VP and Chief Technology & Sustainability Officer||6.75yrs||US$2.76m||0.027% |
|Executive VP & Chief Commercial Officer||6.75yrs||US$4.28m||0.043% |
|Executive Vice President of Chemical Intermediates||4.25yrs||US$3.98m||0.010% |
|CFO & Senior VP||0.67yr||no data||0.010% |
|Chief Accounting Officer||12.08yrs||no data||0.013% |
|Vice President of Investor Relations & Communications||18.17yrs||no data||no data|
|Executive VP & Chief Legal Officer||0.50yr||no data||no data|
|Chief HR Officer & Senior VP||7.75yrs||no data||0.035% |
|MD of EMEA Region & Global Procurement Director||no data||no data||no data|
|Chief Manufacturing||6.75yrs||no data||0.013% |
|VP & Treasurer||4.17yrs||no data||no data|
Experienced Management: EMN's management team is seasoned and experienced (6.8 years average tenure).
|Chairman & CEO||6.75yrs||US$14.56m||0.22% |
|Independent Director||4.67yrs||US$275.07k||0.0016% |
|Independent Director||17.08yrs||US$297.07k||0.015% |
|Independent Director||19.83yrs||US$291.57k||0.028% |
|Independent Director||9.67yrs||US$295.07k||0.0059% |
|Independent Director||8.92yrs||US$290.07k||0.0074% |
|Independent Director||9.75yrs||US$308.57k||0.0067% |
|Independent Director||0.67yr||no data||0.00010% |
|Independent Director||2.25yrs||US$276.57k||0.0010% |
|Independent Director||0.67yr||no data||0.0013% |
Experienced Board: EMN's board of directors are considered experienced (7.6 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$11.548b
- Shares outstanding: 135.30m
- 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|
|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 commod ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/22 00:13|
|End of Day Share Price||2020/10/21 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.