Is Eastman Chemical Stock a Good Investment?
Eastman Chemical Investment Advice | EMN |
- Examine Eastman Chemical's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Eastman Chemical's leadership team and their track record. Good management can help Eastman Chemical navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Diversified Chemicals space and any emerging trends that could impact Eastman Chemical's business and its evolving consumer preferences.
- Compare Eastman Chemical's performance and market position to its competitors. Analyze how Eastman Chemical is positioned in terms of product offerings, innovation, and market share.
- Check if Eastman Chemical pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Eastman Chemical's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Eastman Chemical stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Eastman Chemical is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Eastman Chemical Stock
Researching Eastman Chemical's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 91.0% of the company shares are held by institutions such as insurance companies. The book value of Eastman Chemical was currently reported as 48.8. The company has Price/Earnings To Growth (PEG) ratio of 1.5. Eastman Chemical recorded earning per share (EPS) of 7.46. The entity last dividend was issued on the 16th of September 2024. The firm had 2:1 split on the 4th of October 2011.
To determine if Eastman Chemical is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Eastman Chemical's research are outlined below:
| Eastman Chemical has a strong financial position based on the latest SEC filings | |
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| On 7th of October 2024 Eastman Chemical paid $ 0.81 per share dividend to its current shareholders | |
| Latest headline from bizjournals.com: Polaris Steve Eastman, who quadrupled segment sales, retiring |
Eastman Chemical Quarterly Accounts Payable |
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Eastman Chemical uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Eastman Chemical. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Eastman Chemical's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 1st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Eastman Chemical's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Eastman Chemical's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
1999-01-29 | 1998-12-31 | 0.06 | 0.07 | 0.01 | 16 | ||
2002-10-24 | 2002-09-30 | 0.17 | 0.15 | -0.02 | 11 | ||
2003-04-24 | 2003-03-31 | -0.04 | -0.01 | 0.03 | 75 | ||
1999-10-22 | 1999-09-30 | 0.21 | 0.18 | -0.03 | 14 | ||
2001-10-25 | 2001-09-30 | 0.24 | 0.28 | 0.04 | 16 | ||
2004-10-28 | 2004-09-30 | 0.35 | 0.4 | 0.05 | 14 | ||
2003-01-30 | 2002-12-31 | -0.01 | -0.06 | -0.05 | 500 | ||
2009-04-23 | 2009-03-31 | 0.07 | 0.13 | 0.06 | 85 |
Know Eastman Chemical's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Eastman Chemical is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Eastman Chemical backward and forwards among themselves. Eastman Chemical's institutional investor refers to the entity that pools money to purchase Eastman Chemical's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2024-06-30 | 2.2 M | Jpmorgan Chase & Co | 2024-06-30 | 1.7 M | Norges Bank | 2024-06-30 | 1.5 M | Lsv Asset Management | 2024-09-30 | 1.4 M | Northern Trust Corp | 2024-09-30 | 1.2 M | Bank Of New York Mellon Corp | 2024-06-30 | 1.2 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1.1 M | Legal & General Group Plc | 2024-06-30 | 1.1 M | Bb&t Corp. | 2024-09-30 | 1.1 M | Vanguard Group Inc | 2024-09-30 | 14.8 M | Blackrock Inc | 2024-06-30 | 8.4 M |
Eastman Chemical's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 12.17 B.Market Cap |
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Eastman Chemical's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.09 | 0.05 | |
| Return On Capital Employed | 0.09 | 0.11 | |
| Return On Assets | 0.06 | 0.04 | |
| Return On Equity | 0.16 | 0.12 |
Determining Eastman Chemical's profitability involves analyzing its financial statements and using various financial metrics to determine if Eastman Chemical is a good buy. For example, gross profit margin measures Eastman Chemical's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Eastman Chemical's profitability and make more informed investment decisions.
Eastman Chemical's Earnings Breakdown by Geography
Evaluate Eastman Chemical's management efficiency
Eastman Chemical has Return on Asset of 0.05 % which means that on every $100 spent on assets, it made $0.05 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1593 %, implying that it generated $0.1593 on every 100 dollars invested. Eastman Chemical's management efficiency ratios could be used to measure how well Eastman Chemical manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of November 2024, Return On Capital Employed is likely to grow to 0.11, while Return On Tangible Assets are likely to drop 0.05. At this time, Eastman Chemical's Other Current Assets are very stable compared to the past year. As of the 28th of November 2024, Intangible Assets is likely to grow to about 1.3 B, while Total Assets are likely to drop about 10.2 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 46.63 | 48.96 | |
| Tangible Book Value Per Share | 6.29 | 6.60 | |
| Enterprise Value Over EBITDA | 9.45 | 6.26 | |
| Price Book Value Ratio | 1.95 | 2.89 | |
| Enterprise Value Multiple | 9.45 | 6.26 | |
| Price Fair Value | 1.95 | 2.89 | |
| Enterprise Value | 4.7 B | 4.3 B |
Eastman Chemical has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Dividend Yield 0.0306 | Forward Dividend Yield 0.0306 | Forward Dividend Rate 3.24 | Beta 1.459 |
Basic technical analysis of Eastman Stock
As of the 28th of November, Eastman Chemical shows the Downside Deviation of 1.36, mean deviation of 1.09, and Coefficient Of Variation of 1786.45. Eastman Chemical technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Eastman Chemical's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Eastman Chemical insiders, such as employees or executives, is commonly permitted as long as it does not rely on Eastman Chemical's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Eastman Chemical insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Eastman Chemical's Outstanding Corporate Bonds
Eastman Chemical issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Eastman Chemical uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Eastman bonds can be classified according to their maturity, which is the date when Eastman Chemical has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| EASTMAN CHEM 48 Corp BondUS277432AL49 | View | |
| EASTMAN CHEM 465 Corp BondUS277432AP52 | View | |
| EASTMAN CHEM 38 Corp BondUS277432AR19 | View | |
| EMN 575 08 MAR 33 Corp BondUS277432AX86 | View | |
| EASTMAN CHEM 45 Corp BondUS277432AW04 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
Understand Eastman Chemical's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Eastman Chemical's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0474 | |||
| Market Risk Adjusted Performance | 0.0867 | |||
| Mean Deviation | 1.09 | |||
| Semi Deviation | 1.28 | |||
| Downside Deviation | 1.36 | |||
| Coefficient Of Variation | 1786.45 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.04 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0767 | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.78 | |||
| Downside Variance | 1.84 | |||
| Semi Variance | 1.65 | |||
| Expected Short fall | (1.17) | |||
| Skewness | 0.1432 | |||
| Kurtosis | 0.3052 |
| Risk Adjusted Performance | 0.0474 | |||
| Market Risk Adjusted Performance | 0.0867 | |||
| Mean Deviation | 1.09 | |||
| Semi Deviation | 1.28 | |||
| Downside Deviation | 1.36 | |||
| Coefficient Of Variation | 1786.45 | |||
| Standard Deviation | 1.43 | |||
| Variance | 2.04 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0767 | |||
| Maximum Drawdown | 7.31 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.78 | |||
| Downside Variance | 1.84 | |||
| Semi Variance | 1.65 | |||
| Expected Short fall | (1.17) | |||
| Skewness | 0.1432 | |||
| Kurtosis | 0.3052 |
Consider Eastman Chemical's intraday indicators
Eastman Chemical intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Eastman Chemical stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 15667.72 | |||
| Daily Balance Of Power | (0.32) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 104.98 | |||
| Day Typical Price | 104.73 | |||
| Price Action Indicator | (1.12) | |||
| Period Momentum Indicator | (0.74) | |||
| Relative Strength Index | 38.78 |
Eastman Chemical Corporate Filings
8K | 21st of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 12th of November 2024 Other Reports | ViewVerify | |
F4 | 7th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 1st of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Eastman Stock media impact
Far too much social signal, news, headlines, and media speculation about Eastman Chemical that are available to investors today. That information is available publicly through Eastman media outlets and privately through word of mouth or via Eastman internal channels. However, regardless of the origin, that massive amount of Eastman data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Eastman Chemical news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Eastman Chemical relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Eastman Chemical's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Eastman Chemical alpha.
Eastman Chemical Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Eastman Chemical can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Eastman Chemical Historical Investor Sentiment
Investor biases related to Eastman Chemical's public news can be used to forecast risks associated with an investment in Eastman. The trend in average sentiment can be used to explain how an investor holding Eastman can time the market purely based on public headlines and social activities around Eastman Chemical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Eastman Chemical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eastman Chemical and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Eastman Chemical news discussions. The higher the estimate score, the more favorable the investor's outlook on Eastman Chemical.
Eastman Chemical Corporate Directors
| Charles Stevens | Independent Director | Profile | |
| Kim Mink | Independent Director | Profile | |
| Brett Begemann | Independent Director | Profile | |
| Edward Doheny | Independent Director | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Diversified Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.027 | Dividend Share 3.24 | Earnings Share 7.46 | Revenue Per Share 79.642 | Quarterly Revenue Growth 0.087 |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Eastman Chemical's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.