Eastman Chemical Company

NYSE:EMN Stock Report

Market Cap: US$11.0b

Eastman Chemical Valuation

Is EMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EMN ($90.95) is trading below our estimate of fair value ($199.01)

Significantly Below Fair Value: EMN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EMN?

Key metric: As EMN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EMN. This is calculated by dividing EMN's market cap by their current earnings.
What is EMN's PE Ratio?
PE Ratio11.9x
EarningsUS$885.00m
Market CapUS$11.05b

Price to Earnings Ratio vs Peers

How does EMN's PE Ratio compare to its peers?

The above table shows the PE ratio for EMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
AXTA Axalta Coating Systems
23.3x19.6%US$7.9b
ESI Element Solutions
23.4x0.5%US$6.5b
RPM RPM International
26.6x10.9%US$16.9b
CE Celanese
6.8x14.2%US$7.5b
EMN Eastman Chemical
11.9x10.1%US$11.0b

Price-To-Earnings vs Peers: EMN is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does EMN's PE Ratio compare vs other companies in the US Chemicals Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FFHL Fuwei Films (Holdings)
2.8xn/aUS$27.11m
BSLK Bolt Projects Holdings
0.08xn/aUS$12.43m
BON Bon Natural Life
2.6xn/aUS$6.67m
GSPI Green Star Products
1.8xn/aUS$1.79m
EMN 11.9xIndustry Avg. 20.9xNo. of Companies8PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMN is good value based on its Price-To-Earnings Ratio (11.9x) compared to the US Chemicals industry average (21.5x).

Price to Earnings Ratio vs Fair Ratio

What is EMN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EMN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: EMN is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$90.95
US$116.32
+27.9%
8.1%US$140.00US$104.00n/a19
Dec ’25US$104.72
US$116.42
+11.2%
6.8%US$130.00US$105.00n/a19
Nov ’25US$101.08
US$116.37
+15.1%
6.3%US$130.00US$105.00n/a19
Oct ’25US$110.63
US$114.05
+3.1%
7.5%US$130.00US$100.00n/a19
Sep ’25US$102.37
US$113.79
+11.2%
7.1%US$128.00US$100.00n/a19
Aug ’25US$101.70
US$113.26
+11.4%
7.1%US$128.00US$100.00n/a19
Jul ’25US$95.17
US$110.74
+16.4%
8.6%US$128.00US$100.00n/a19
Jun ’25US$101.33
US$110.80
+9.3%
8.5%US$128.00US$100.00n/a20
May ’25US$94.76
US$107.12
+13.0%
9.6%US$125.00US$85.00n/a21
Apr ’25US$100.30
US$98.17
-2.1%
9.4%US$125.00US$85.00n/a21
Mar ’25US$87.09
US$96.88
+11.2%
9.8%US$125.00US$85.00n/a21
Feb ’25US$84.86
US$96.03
+13.2%
10.8%US$125.00US$80.00n/a20
Jan ’25US$89.82
US$93.28
+3.8%
12.0%US$125.00US$80.00n/a20
Dec ’24US$85.46
US$89.61
+4.9%
13.9%US$125.00US$75.00US$104.7220
Nov ’24US$74.47
US$90.01
+20.9%
13.8%US$125.00US$75.00US$101.0820
Oct ’24US$76.72
US$96.21
+25.4%
11.7%US$130.00US$78.00US$110.6320
Sep ’24US$85.96
US$96.62
+12.4%
11.1%US$130.00US$78.00US$102.3721
Aug ’24US$85.75
US$96.90
+13.0%
10.6%US$130.00US$84.00US$101.7021
Jul ’24US$83.72
US$96.19
+14.9%
11.6%US$130.00US$83.00US$95.1722
Jun ’24US$77.75
US$98.05
+26.1%
11.8%US$130.00US$83.00US$101.3321
May ’24US$82.50
US$98.41
+19.3%
11.9%US$130.00US$83.00US$94.7620
Apr ’24US$84.34
US$97.61
+15.7%
12.1%US$130.00US$82.00US$100.3020
Mar ’24US$86.37
US$97.60
+13.0%
12.1%US$130.00US$82.00US$87.0920
Feb ’24US$89.67
US$97.10
+8.3%
12.4%US$130.00US$82.00US$84.8620
Jan ’24US$81.44
US$94.60
+16.2%
13.4%US$130.00US$79.00US$89.8220
Dec ’23US$86.42
US$93.30
+8.0%
14.8%US$130.00US$75.00US$85.4620

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 06:15
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Eastman Chemical Company is covered by 41 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Sergey VasnetsovBarclays
Michael LeitheadBarclays