Analyst Note
| Seth Goldstein |We maintain our $130 per share fair value estimate for Eastman following the company's fourth-quarter results. Our narrow moat rating is also unchanged.
NYSE: EMN
Last close prices updated as of
Feb 07, 2023, 4:10 PM EST
| USD | BATS BZX Real-Time Price
- Last Close 89.99
- Sector Basic Materials
- Industry Specialty Chemicals
- Investment Style Mid Value
- Day Range 89.40 – 91.27
- Year Range 69.91 – 124.85
- Market Cap 10.7847 Bil
- Volume / Avg 931,334.0 / 1.0 Mil
- Price / Sales 1.06
- Price / Book 1.99
- Forward Div Yield 3.51%
- Trailing Div Yield 3.38%
Morningstar‘s Stock Analysis EMN
Valuation
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Economic Moat
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Capital Allocation
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Maintaining Eastman $130 FVE Despite Weak Fourth-Quarter Results; Shares Materially Undervalued
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Company Profile EMN
Business Description
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
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FAQs for Eastman Chemical Co Stock
Yes. EMN has a forward dividend yield of 3.51%.
See
EMN’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
EMN’s market cap is 10.78 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
EMN’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
EMN’s price/sales is 1.06.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
EMN’s price/forward earnings is 11.43.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
EMN’s price/book is 1.99.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See EMN’s valuation ratios compared to the Market Index.
EMN’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare EMN’s historical performance against its industry peers and the overall market.