NYSE:KODK

Stock Analysis Report

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

Fundamentals

Adequate 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: KODK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.9%

KODK

1.5%

US Tech

0.9%

US Market


1 Year Return

-39.2%

KODK

47.3%

US Tech

16.8%

US Market

Return vs Industry: KODK underperformed the US Tech industry which returned 47.3% over the past year.

Return vs Market: KODK underperformed the US Market which returned 16.8% over the past year.


Shareholder returns

KODKIndustryMarket
7 Day2.9%1.5%0.9%
30 Day-3.1%11.9%4.5%
90 Day-0.8%24.4%6.2%
1 Year-39.2%-39.2%49.7%47.3%19.4%16.8%
3 Year-83.7%-83.7%132.4%114.1%47.5%38.0%
5 Year-88.0%-88.0%123.0%100.6%62.0%44.1%

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

Valuation

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

0.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KODK is good value based on its PB Ratio (0.6x) compared to the US Tech industry average (1.6x).


Next Steps

Future Growth

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

5.6%

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?

42.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KODK has large one-off items impacting its financial results.

Growing Profit Margin: KODK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KODK is unprofitable, but has reduced losses over the past 5 years at a rate of 42% per year.

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

Earnings vs Industry: KODK is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (69.2%).


Return on Equity

High ROE: KODK has a negative Return on Equity (-9.97%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Eastman Kodak's financial position?


Financial Position Analysis

Short Term Liabilities: KODK's short term assets ($721.0M) exceeds its short term liabilities ($371.0M)

Long Term Liabilities: KODK's short term assets ($721.0M) exceeds its long term liabilities (687.0M)


Debt to Equity History and Analysis

Debt Level: KODK's debt to equity ratio (29.6%) is considered satisfactory.

Reducing Debt: KODK's debt to equity ratio has reduced from 128.9% to 29.6% over the past 5 years.

Debt Coverage: KODK's debt is not well covered by operating cash flow (12.5%).

Interest Coverage: KODK is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

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

Debt Coverage by Assets: KODK's debt is covered by short term assets (assets are 6.9x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate KODK'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 KODK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KODK'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 KODK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Eastman Kodak's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average management tenure


CEO

Jim Continenza (56yo)

0.8yrs

Tenure

US$410,003

Compensation

Mr. James V. Continenza, also known as Jim, has been Chief Executive Officer and Executive Chairman since February 20, 2019 at Eastman Kodak Company. In his role as Board Chairman, Continenza, has led the  ...


Management Age and Tenure

4.2yrs

Average Tenure

54yo

Average Age

Experienced Management: KODK's management team is considered experienced (4.2 years average tenure).


Board Age and Tenure

6.2yrs

Average Tenure

58.5yo

Average Age

Experienced Board: KODK's board of directors are considered experienced (6.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$9,92013 Nov 19
Randy Vandagriff
EntityIndividual
Shares4,000
Max PriceUS$2.48
BuyUS$45,60119 Aug 19
Jeffrey Engelberg
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares21,612
Max PriceUS$2.11
BuyUS$6,98815 Aug 19
David Bullwinkle
EntityIndividual
Role
Chief Financial Officer
CFO & Senior VP
Shares3,250
Max PriceUS$2.15
BuyUS$82,60015 Aug 19
Philippe Katz
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares40,000
Max PriceUS$2.08
BuyUS$205,20015 Aug 19
James Continenza
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares100,000
Max PriceUS$2.12

Ownership Breakdown

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


Management Team

  • William Love

    Director of Investor Relations & Treasurer

    • Tenure: 3.3yrs
  • Jim Continenza (56yo)

    Executive Chairman & CEO

    • Tenure: 0.8yrs
    • Compensation: US$410.00k
  • Kim VanGelder (55yo)

    Chief Information Officer & Senior VP

    • Tenure: 15.8yrs
  • Roger Byrd (53yo)

    General Counsel

    • Tenure: 0.8yrs
  • Eric-Yves Mahe (56yo)

    Senior Vice President

    • Tenure: 5.6yrs
    • Compensation: US$1.18m
  • Steven Overman (51yo)

    Senior VP & Chief Marketing Officer

    • Tenure: 5.1yrs
  • Terry Taber (65yo)

    Senior VP

    • Tenure: 10.8yrs
    • Compensation: US$781.50k
  • Eric Samuels (51yo)

    Chief Accounting Officer & Corporate Controller

    • Tenure: 10.3yrs
  • Dave Bullwinkle (45yo)

    CFO & Senior VP

    • Tenure: 3.3yrs
    • Compensation: US$1.12m
  • Uwe Boerke

    Chief Human Resources Officer

    • Tenure: 0.8yrs

Board Members

  • Jim Continenza (56yo)

    Executive Chairman & CEO

    • Tenure: 0.8yrs
    • Compensation: US$410.00k
  • Philippe Katz (57yo)

    Independent Director

    • Tenure: 0.8yrs
  • Richard Bradley (60yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$250.00k
  • Bill Parrett (74yo)

    Independent Director

    • Tenure: 12yrs
    • Compensation: US$270.00k
  • Etienne Bourgeois (71yo)

    VP of Global Logistics & VP & Director of European

    • Tenure: 15.8yrs
  • George Karfunkel (70yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$250.00k
  • Jason New (49yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$200.00k
  • Jeffrey Engelberg (42yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$250.00k

Company Information

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


Key Information

  • Name: Eastman Kodak Company
  • Ticker: KODK
  • Exchange: NYSE
  • Founded: 1880
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$106.761m
  • Shares outstanding: 43.22m
  • 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 con ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 00:27
End of Day Share Price2019/11/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.