A Business at a Glance
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EASTERN CO
EML
$148M
Mkt Cap
$24.22
-0.90%
EASTERN CO (EML) has a current P/E ratio of 20.7, compared to its historical median P/E of 12.2. The stock is currently considered Expensive based on its historical valuation range.
EASTERN CO (EML) has a 5-year average return on invested capital (ROIC) of 7.1%. This is below average and may indicate limited pricing power.
EASTERN CO (EML) has a market capitalization of $148M. It is classified as a small-cap stock.
Yes, EASTERN CO (EML) pays a dividend with a trailing twelve-month yield of 1.82%. The company also returns capital through share buybacks, with a buyback yield of 2.53%.
Based on historical P/E analysis, EASTERN CO (EML) appears expensive. The current P/E of 20.7 is 69% above its historical median of 12.2. The estimated fair value CAGR (P/E method) is -9.2%.
EASTERN CO (EML) operates in the Cutlery, Handtools & General Hardware industry, within the Industrials sector.
EASTERN CO (EML) reported annual revenue of $249 million in its most recent fiscal year, based on SEC EDGAR filings.
General Development of Business The Eastern Company was incorporated under the laws of the State of Connecticut in October 1912, succeeding a co-partnership established in October 1858. The businesses of the Company design, manufacture and sell unique engineered solutions for industrial markets. Today, the Company maintains fourteen physical locations across North America and Asia. Recent Developments In the third quarter of 2024, the Company decided to sell Big 3 Mold and determined that the Big 3 Mold business met the criteria to be held for sale and that the assets held for sale qualified for discontinued operations. As such, the financial results of the Big 3 Mold business are reflected in our consolidated statements of income as discontinued operations for all periods presented. Additionally, current and non-current assets and liabilities of discontinued operations are reflected in the consolidated balance sheets for all periods presented.
| Metric | TTM | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 249M | 249M | 273M | 259M | 279M | 247M |
| Net Income | 7.1M | 7.1M | -8.5M | 8.6M | 12M | 5.4M |
| EPS | $1.17 | $1.17 | $-1.37 | $1.37 | $1.97 | $0.86 |
| Free Cash Flow | 4.9M | 4.9M | 9.7M | 20M | 4.1M | 12M |
| ROIC | 4.8% | 4.6% | 9.5% | 7.4% | 7.4% | 6.7% |
| Gross Margin | 22.9% | 22.9% | 24.7% | 23.9% | 21.0% | 19.5% |
| Debt/Equity | 0.54 | 0.54 | 0.48 | 0.33 | 0.68 | 0.62 |
| Dividends/Share | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 |
| Operating Income | 11M | 11M | 20M | 17M | 14M | 14M |
| Operating Margin | 4.3% | 4.3% | 7.4% | 6.6% | 5.1% | 5.5% |
| ROE | 5.7% | 5.7% | -6.7% | 6.6% | 10.2% | 4.7% |
| Shares Outstanding | 6M | 6M | 6M | 6M | 6M | 6M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 158M | 142M | 141M | 145M | 204M | 234M | 252M | 247M | 279M | 259M | 273M | 249M | 249M |
| Gross Margin | 21.2% | 21.2% | 23.1% | 23.7% | 24.4% | 25.1% | 24.6% | 19.5% | 21.0% | 23.9% | 24.7% | 22.9% | 22.9% |
| R&D | 814K | 991K | 1.2M | 1.5M | 5.6M | 7.0M | 6.0M | 2.7M | 4.2M | 5.6M | 4.9M | 4.1M | 4.1M |
| SG&A | 20M | 20M | 21M | 24M | 32M | 34M | 36M | 30M | 40M | 39M | 42M | 42M | 42M |
| EBIT | 14M | 10M | 12M | 8.0M | 12M | 18M | 17M | 14M | 14M | 17M | 20M | 11M | 11M |
| Op. Margin | 8.6% | 7.3% | 8.3% | 5.6% | 5.9% | 7.6% | 6.9% | 5.5% | 5.1% | 6.6% | 7.4% | 4.3% | 4.3% |
| Net Income | 8.6M | 6.9M | 7.7M | 5.7M | 5.0M | 15M | 13M | 5.4M | 12M | 8.6M | -8.5M | 7.1M | 7.1M |
| Net Margin | 5.5% | 4.8% | 5.4% | 4.0% | 2.5% | 6.2% | 5.3% | 2.2% | 4.4% | 3.3% | -3.1% | 2.9% | 2.9% |
| Non-Recurring | 2K | -116K | 0 | 0 | 369K | 413K | 2.1M | 973K | 1.0M | 0 | 163K | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 13.8% | 11.1% | 16.0% | 14.4% | 8.6% | 13.5% | 9.4% | 6.7% | 7.4% | 7.4% | 9.5% | 4.6% | 4.8% |
| ROE | 12.3% | 9.0% | 10.2% | 6.9% | 6.0% | 15.8% | 13.1% | 4.7% | 10.2% | 6.6% | -6.7% | 5.7% | 5.7% |
| ROA | 7.8% | 6.0% | 6.3% | 4.6% | 3.4% | 8.1% | 5.7% | 2.0% | 4.6% | 3.3% | -3.5% | 3.3% | 3.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 14M | 11M | 9.3M | 9.1M | 11M | 13M | 23M | 15M | 7.5M | 26M | 19M | 8.9M | 8.9M |
| Free Cash Flow | 9.4M | 5.8M | 5.7M | 6.6M | 8.4M | 9.3M | 18M | 12M | 4.1M | 20M | 9.7M | 4.9M | 4.9M |
| Owner Earnings | 10M | 7.5M | 5.9M | 5.1M | 6.1M | 7.1M | 16M | 10M | -744K | 18M | 12M | 1.4M | 1.4M |
| CapEx | 4.2M | 5.5M | 3.6M | 2.5M | 2.8M | 3.6M | 5.4M | 2.3M | 3.4M | 5.5M | 9.7M | 4.0M | 4.0M |
| Maint. CapEx | 3.4M | 3.8M | 3.5M | 3.9M | 4.7M | 5.3M | 6.5M | 3.3M | 7.2M | 7.5M | 5.9M | 6.6M | 6.6M |
| Growth CapEx | 777K | 1.7M | 147K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.8M | 0 | 0 |
| D&A | 3.4M | 3.8M | 3.5M | 3.9M | 4.7M | 5.3M | 6.5M | 3.3M | 7.2M | 7.5M | 5.9M | 6.6M | 6.6M |
| CapEx/OCF | 30.9% | 48.8% | 38.9% | 27.8% | 24.7% | 27.9% | 23.7% | 16.0% | 45.1% | 21.7% | 50.1% | 44.8% | 44.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.1M | 2.6M | 3.0M | 2.8M | 2.8M | 2.8M | 2.7M | 2.8M | 2.7M | 2.8M | 2.7M | 2.7M | 2.7M |
| Dividend Yield | 3.7% | 3.1% | 3.7% | 3.1% | 2.9% | 1.9% | 1.8% | 2.3% | 1.8% | 2.2% | 2.4% | 2.0% | 1.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 1.1M | 0 | 369K | 1.6M | 736K | 3.1M | 3.7M | 3.7M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.7% | N/A | 0.3% | 1.2% | 0.6% | 2.0% | 3.5% | 2.5% |
| Stock-Based Comp | 0 | 0 | 9K | 65K | 355K | 494K | 657K | 849K | 966K | 365K | 1.5M | 894K | 894K |
| Debt Repayment | 1.3M | 1.4M | 1.8M | 1.1M | 2.6M | 1.6M | 30M | 10M | 18M | 80M | 3.1M | 45M | 45M |
| Balance Sheet | |||||||||||||
| Net Debt | -11M | -14M | -26M | -43M | 20M | 15M | 90M | 65M | 76M | 35M | 42M | 60M | 60M |
| Cash & Equiv. | 18M | 20M | 16M | 23M | 22M | 14M | 18M | 6.6M | 10M | 8.0M | 14M | 7.4M | 7.4M |
| Long-Term Debt | 6.1M | 4.3M | 3.2M | 893K | 29M | 26M | 94M | 64M | 55M | 41M | 39M | 34M | 34M |
| Debt/Equity | 0.10 | 0.07 | 0.07 | 0.03 | 0.48 | 0.30 | 1.03 | 0.62 | 0.68 | 0.33 | 0.48 | 0.54 | 0.54 |
| Interest Coverage | 36.7 | 32.2 | 46.0 | 43.3 | 12.4 | 14.9 | 9.4 | 5.9 | 6.2 | 6.1 | 7.4 | 4.0 | 4.0 |
| Equity | 72M | 82M | 75M | 82M | 87M | 97M | 105M | 115M | 127M | 132M | 121M | 125M | 125M |
| Total Assets | 116M | 114M | 121M | 124M | 176M | 181M | 281M | 276M | 262M | 252M | 235M | 217M | 217M |
| Total Liabilities | 44M | 32M | 46M | 42M | 90M | 84M | 175M | 171M | 135M | 120M | 115M | 92M | 92M |
| Intangibles | 1.7M | 1.5M | 2.5M | 1.8M | 9.3M | 10M | 26M | 23M | 19M | 15M | 8.8M | 5.3M | 5.3M |
| Retained Earnings | 79M | 83M | 88M | 96M | 98M | 110M | 120M | -123M | 139M | 145M | 134M | 138M | 138M |
| Working Capital | 57M | 57M | 58M | 65M | 69M | 71M | 81M | 71M | 78M | 209M | 71M | 72M | 72M |
| Current Assets | 72M | 71M | 71M | 78M | 100M | 101M | 116M | 112M | 125M | 252M | 116M | 99M | 99M |
| Current Liabilities | 15M | 14M | 13M | 13M | 31M | 30M | 35M | 41M | 47M | 43M | 45M | 28M | 28M |
| Per Share Data | |||||||||||||
| EPS | 1.38 | 1.11 | 1.23 | 0.92 | 0.80 | 2.31 | 2.12 | 0.86 | 1.97 | 1.37 | -1.37 | 1.17 | 1.17 |
| Owner EPS | 1.63 | 1.20 | 0.94 | 0.83 | 0.97 | 1.12 | 2.53 | 1.67 | -0.12 | 2.83 | 1.93 | 0.23 | 0.23 |
| Book Value | 11.45 | 13.11 | 12.04 | 13.25 | 13.78 | 15.43 | 16.85 | 18.29 | 20.28 | 21.14 | 19.39 | 20.45 | 20.45 |
| Cash Flow/Share | 2.18 | 1.82 | 1.50 | 1.47 | 1.77 | 2.05 | 3.67 | 2.32 | 1.19 | 4.08 | 3.11 | 1.45 | 2.25 |
| Dividends/Share | 0.50 | 0.42 | 0.45 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Shares Out. | 6.3M | 6.2M | 6.2M | 6.2M | 6.3M | 6.3M | 6.3M | 6.3M | 6.2M | 6.3M | 6.2M | 6.1M | 6.1M |
| Valuation | |||||||||||||
| P/E Ratio | 10.5 | 11.0 | 12.2 | 14.2 | 21.3 | 10.0 | 11.2 | 12.1 | 11.1 | 14.9 | N/A | 15.1 | 20.7 |
| P/FCF | 9.6 | 13.1 | 16.4 | 12.4 | 12.8 | 15.7 | 8.5 | 11.0 | 33.4 | 6.4 | 15.4 | 22.0 | 30.2 |
| EV/EBIT | 4.6 | 4.2 | 5.8 | 4.8 | 8.7 | 9.1 | 13.4 | 14.7 | 13.4 | 9.6 | 8.8 | 12.7 | 19.5 |
| Price/Book | 1.3 | 0.9 | 1.3 | 1.0 | 1.2 | 1.5 | 1.4 | 1.3 | 1.1 | 1.0 | 1.2 | 0.9 | 1.2 |
| Price/Sales | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.5 | 0.6 |
| FCF Yield | 10.4% | 7.6% | 6.1% | 8.1% | 7.8% | 6.4% | 11.8% | 9.2% | 3.0% | 15.6% | 6.5% | 4.5% | 3.3% |
| Market Cap | 91M | 76M | 94M | 82M | 108M | 145M | 149M | 133M | 137M | 128M | 149M | 108M | 148M |
| Avg. Price | 13.56 | 13.51 | 12.83 | 14.74 | 15.06 | 22.61 | 24.17 | 19.04 | 24.78 | 20.02 | 18.06 | 22.46 | 24.22 |
| Year-End Price | 14.52 | 12.23 | 15.06 | 13.10 | 17.05 | 23.15 | 23.74 | 21.37 | 21.87 | 20.45 | 24.00 | 17.69 | 24.22 |
EASTERN CO passes 1 of 9 quality checks, indicating weak fundamentals.
EASTERN CO trades at 20.7x trailing earnings, compared to its 15-year median P/E of 12.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 29.9x vs a median of 14.1x. The company's 5-year average ROIC is 7.1% with a gross margin of 22.4%. Total shareholder yield (dividends + buybacks) is 4.3%. At current prices, the estimated annualized return to fair value is -3.4%.
EASTERN CO (EML) has a net profit margin of 2.9%. This is a modest margin.
EASTERN CO (EML) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
EASTERN CO (EML) has a debt-to-equity ratio of 0.54. This indicates moderate leverage.
EASTERN CO (EML) reported earnings per share (EPS) of $1.17 in its most recent fiscal year.
EASTERN CO (EML) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
EASTERN CO (EML) has a 5-year average gross margin of 22.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for EASTERN CO (EML), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
EASTERN CO (EML) has a book value per share of $20.45, based on its most recent annual SEC filing.
No recent press releases.