Table of Contents PART I Corporate Overview Business Strategy Financial Strategy Business Segments Advanced Materials Segment Additives & Functional Products Segment Chemical Intermediates Segment Fibers Segment Eastman Chemical Company General Information CORPORATE OVERVIEW Eastman Chemical Company ("Eastman" or the "Company") is a global specialty materials company that produces a broad range of products found in items people use every day. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, on December 31, 1993. Eastman has 36 manufacturing facilities and has equity interests in four manufacturing joint ventures in 12 countries that supply products to customers throughout the world. See "Properties" in Part I, Item 2 of this Annual Report on Form 10-K (this "Annual Report").
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.8B | 8.8B | 9.4B | 9.2B | 10.6B | 10.5B |
| Net Income | 474M | 474M | 905M | 894M | 793M | 857M |
| EPS | $4.10 | $4.10 | $7.67 | $7.49 | $6.35 | $6.25 |
| Free Cash Flow | 424M | 424M | 688M | 546M | 364M | 1.1B |
| ROIC | 6.4% | 6.4% | 10.9% | 11.0% | 9.3% | 9.5% |
| Gross Margin | 21.1% | 21.1% | 24.4% | 22.4% | 20.2% | 23.9% |
| Debt/Equity | 0.80 | 0.80 | 0.87 | 0.89 | 1.00 | 0.90 |
| Dividends/Share | $3.30 | $3.33 | $3.26 | $3.18 | $3.07 | $2.83 |
| Operating Income | 775M | 775M | 1.3B | 1.3B | 1.2B | 1.3B |
| Operating Margin | 8.9% | 8.9% | 13.6% | 14.1% | 10.9% | 12.1% |
| ROE | 8.0% | 8.1% | 16.1% | 16.9% | 14.6% | 14.6% |
| Shares Outstanding | 116M | 116M | 118M | 119M | 125M | 137M |
EASTMAN CHEMICAL CO passes 2 of 9 quality checks, indicating weak fundamentals.
EASTMAN CHEMICAL CO trades at 18.1x trailing earnings, compared to its 15-year median P/E of 11.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 19.9x vs a median of 12.1x. The company's 5-year average ROIC is 9.4% with a gross margin of 22.4%. Total shareholder yield (dividends + buybacks) is 5.6%. At current prices, the estimated annualized return to fair value is -11.0%.
EASTMAN CHEMICAL CO (EMN) has a current P/E ratio of 18.1, compared to its historical median P/E of 11.3. The stock is currently considered Expensive based on its historical valuation range.
EASTMAN CHEMICAL CO (EMN) has a 5-year average return on invested capital (ROIC) of 9.4%. This is below average and may indicate limited pricing power.
EASTMAN CHEMICAL CO (EMN) has a market capitalization of $8.6B. It is classified as a mid-cap stock.
Yes, EASTMAN CHEMICAL CO (EMN) pays a dividend with a trailing twelve-month yield of 4.45%. The company also returns capital through share buybacks, with a buyback yield of 1.17%.
Based on historical P/E analysis, EASTMAN CHEMICAL CO (EMN) appears expensive. The current P/E of 18.1 is 59% above its historical median of 11.3. The estimated fair value CAGR (P/E method) is 2.4%.
EASTMAN CHEMICAL CO (EMN) operates in the Plastic Materials, Synth Resins & Nonvulcan Elastomers industry, within the Materials sector.
EASTMAN CHEMICAL CO (EMN) reported annual revenue of $8.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
EASTMAN CHEMICAL CO (EMN) has a net profit margin of 5.4%. This is a modest margin.
EASTMAN CHEMICAL CO (EMN) generated $424 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
EASTMAN CHEMICAL CO (EMN) has a debt-to-equity ratio of 0.80. This indicates moderate leverage.
EASTMAN CHEMICAL CO (EMN) reported earnings per share (EPS) of $4.10 in its most recent fiscal year.
EASTMAN CHEMICAL CO (EMN) has a return on equity (ROE) of 8.1%. This indicates moderate shareholder returns.
EASTMAN CHEMICAL CO (EMN) 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 16 years of financial data for EASTMAN CHEMICAL CO (EMN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
EASTMAN CHEMICAL CO (EMN) has a book value per share of $51.56, based on its most recent annual SEC filing.