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Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral sheets, and window and protective films for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts, and higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and agrochemicals markets. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Eastman Chemical Company is a global specialty materials maker supplying additives, polymers and chemical intermediates to packaging, transportation, building and consumer markets. Long-term growth may be supported by a shift toward higher-margin specialty products, product innovation with sustainable and circular solutions and a diversified global footprint. Investors may find the company attractive for its technical capabilities and diversified end markets that could support steady cash generation.
Principal risks are petrochemical feedstock price volatility, cyclical end-market demand, regulatory and environmental exposure, and execution risk on capital projects and portfolio moves.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 977.00M | 1082.00M | 530.00M | 902.00M | 1310.00M |
| Minority interest | -3.00M | -10.00M | 11.00M | 3.00M | 4.00M |
| Net income | 793.00M | 857.00M | 478.00M | 759.00M | 1080.00M |
| Selling general administrative | 726.00M | 795.00M | 654.00M | 691.00M | 721.00M |
| Gross profit | 2137.00M | 2500.00M | 1975.00M | 2234.00M | 2479.00M |
| Reconciled depreciation | 477.00M | 538.00M | 574.00M | 611.00M | 604.00M |
| Ebit | 1254.00M | 1880.00M | 968.00M | 1246.00M | 1597.00M |
| Ebitda | 1731.00M | 2418.00M | 1542.00M | 1857.00M | 2201.00M |
| Depreciation and amortization | 477.00M | 538.00M | 574.00M | 611.00M | 604.00M |
| Non operating income net other | -37.00M | -536.00M | -9.00M | -3.00M | 46.00M |
| Operating income | 1254.00M | 1880.00M | 968.00M | 1246.00M | 1523.00M |
| Other operating expenses | 9433.00M | 9025.00M | 7378.00M | 7964.00M | 8628.00M |
| Interest expense | 182.00M | 198.00M | 210.00M | 218.00M | 235.00M |
| Tax provision | 181.00M | 215.00M | 41.00M | 140.00M | 226.00M |
| Interest income | 182.00M | 198.00M | 210.00M | 3.00M | 3.00M |
| Net interest income | -182.00M | -198.00M | -210.00M | -218.00M | -235.00M |
| Extraordinary items | - | - | - | - | 20.00M |
| Non recurring | 52.00M | 47.00M | 227.00M | 126.00M | 45.00M |
| Income tax expense | 181.00M | 215.00M | 41.00M | 140.00M | 226.00M |
| Total revenue | 10580.00M | 10476.00M | 8473.00M | 9273.00M | 10151.00M |
| Total operating expenses | 990.00M | 1049.00M | 880.00M | 925.00M | 956.00M |
| Cost of revenue | 8443.00M | 7976.00M | 6498.00M | 7039.00M | 7672.00M |
| Total other income expense net | -277.00M | -798.00M | -438.00M | -344.00M | 22.00M |
| Net income from continuing ops | 796.00M | 867.00M | 489.00M | 762.00M | 1084.00M |
| Net income applicable to common shares | 793.00M | 857.00M | 478.00M | 759.00M | 1080.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 14667.00M | 15519.00M | 16083.00M | 16008.00M | 15995.00M |
| Intangible assets | 1210.00M | 1362.00M | 1792.00M | 2011.00M | 2185.00M |
| Other current assets | 114.00M | 96.00M | 83.00M | 80.00M | 73.00M |
| Total liab | 9431.00M | 9731.00M | 9975.00M | 9976.00M | 10117.00M |
| Total stockholder equity | 5153.00M | 5704.00M | 6023.00M | 5958.00M | 5803.00M |
| Deferred long term liab | 671.00M | 810.00M | 848.00M | 915.00M | 884.00M |
| Other current liab | 135.00M | 376.00M | 252.00M | 280.00M | 600.00M |
| Common stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Capital stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Retained earnings | 8973.00M | 8557.00M | 8080.00M | 7965.00M | 7573.00M |
| Other liab | 2005.00M | 2186.00M | 2494.00M | 2435.00M | 2341.00M |
| Good will | 3664.00M | 3641.00M | 4465.00M | 4431.00M | 4467.00M |
| Other assets | 533.00M | 521.00M | 6285.00M | 303.00M | 252.00M |
| Cash | 493.00M | 459.00M | 564.00M | 204.00M | 226.00M |
| Cash and equivalents | 493.00M | 459.00M | 564.00M | 204.00M | 226.00M |
| Total current liabilities | 3251.00M | 2971.00M | 2038.00M | 1789.00M | 1851.00M |
| Current deferred revenue | 671.00M | 620.00M | 638.00M | 448.00M | 94.00M |
| Net debt | 4658.00M | 4700.00M | 5054.00M | 5578.00M | 5942.00M |
| Short term debt | 1126.00M | 747.00M | 349.00M | 171.00M | 243.00M |
| Short long term debt | 1126.00M | 747.00M | 349.00M | 171.00M | 243.00M |
| Short long term debt total | 5151.00M | 5159.00M | 5618.00M | 5782.00M | 6168.00M |
| Other stockholder equity | -3617.00M | -2673.00M | -1786.00M | -1795.00M | -1527.00M |
| Property plant equipment | 5160.00M | 4996.00M | 5549.00M | 5571.00M | 5600.00M |
| Total current assets | 3778.00M | 4646.00M | 3541.00M | 3321.00M | 3365.00M |
| Long term investments | - | - | - | 174.00M | 126.00M |
| Net tangible assets | 279.00M | 669.00M | -234.00M | -484.00M | -849.00M |
| Net receivables | 1277.00M | 1580.00M | 1515.00M | 1375.00M | 1483.00M |
| Long term debt | 4025.00M | 4412.00M | 5269.00M | 5611.00M | 5925.00M |
| Inventory | 1894.00M | 1504.00M | 1379.00M | 1662.00M | 1583.00M |
| Accounts payable | 1319.00M | 1228.00M | 799.00M | 890.00M | 914.00M |
| Noncontrolling interest in consolidated entity | 83.00M | 84.00M | 85.00M | 74.00M | 75.00M |
| Accumulated other comprehensive income | -205.00M | -182.00M | -273.00M | -214.00M | -245.00M |
| Common stock total equity | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Retained earnings total equity | 8973.00M | 8557.00M | 8080.00M | 7965.00M | 7573.00M |
| Treasury stock | -5932.00M | -4860.00M | -3960.00M | -3900.00M | -3575.00M |
| Non currrent assets other | 184.00M | 874.00M | 736.00M | 674.00M | 378.00M |
| Non current assets total | 10889.00M | 10873.00M | 12542.00M | 12687.00M | 12630.00M |
| Long term debt total | 4025.00M | 4412.00M | 5269.00M | 5611.00M | 5925.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 392.00M | -29.00M | -394.00M | -480.00M | -463.00M |
| Change to liabilities | -89.00M | 554.00M | -236.00M | -146.00M | -62.00M |
| Total cashflows from investing activities | 392.00M | -29.00M | -394.00M | -480.00M | -463.00M |
| Net borrowings | 76.00M | -350.00M | -307.00M | -370.00M | -316.00M |
| Total cash from financing activities | -1321.00M | -1690.00M | -704.00M | -1043.00M | -1040.00M |
| Change to operating activities | 38.00M | 66.00M | -27.00M | -170.00M | -52.00M |
| Net income | 796.00M | 867.00M | 489.00M | 762.00M | 1084.00M |
| Change in cash | 34.00M | -105.00M | 360.00M | -22.00M | 35.00M |
| Begin period cash flow | 459.00M | 564.00M | 204.00M | 226.00M | 191.00M |
| End period cash flow | 493.00M | 459.00M | 564.00M | 204.00M | 226.00M |
| Total cash from operating activities | 975.00M | 1619.00M | 1455.00M | 1504.00M | 1543.00M |
| Depreciation | 477.00M | 538.00M | 574.00M | 611.00M | 604.00M |
| Other cashflows from investing activities | 1016.00M | -4.00M | -11.00M | -55.00M | 65.00M |
| Dividends paid | -381.00M | -375.00M | -358.00M | -343.00M | 318.00M |
| Change to inventory | -430.00M | -389.00M | 291.00M | -80.00M | -224.00M |
| Change to account receivables | 93.00M | -281.00M | -31.00M | 170.00M | 16.00M |
| Sale purchase of stock | -1002.00M | -1000.00M | -60.00M | -325.00M | -400.00M |
| Other cashflows from financing activities | 812.00M | 35.00M | 21.00M | -5.00M | -6.00M |
| Change to netincome | 231.00M | 278.00M | 281.00M | 149.00M | 135.00M |
| Capital expenditures | 624.00M | 578.00M | 383.00M | 425.00M | 528.00M |
| Change receivables | 93.00M | -281.00M | -31.00M | 170.00M | 16.00M |
| Cash flows other operating | -103.00M | 714.00M | 87.00M | 38.00M | -10.00M |
| Exchange rate changes | - | -5.00M | 3.00M | -3.00M | -5.00M |
| Cash and cash equivalents changes | 46.00M | -105.00M | 360.00M | -22.00M | 35.00M |
| Change in working capital | 13.00M | -27.00M | 182.00M | -41.00M | -73.00M |
| Stock based compensation | -103.00M | 302.00M | 387.00M | 96.00M | 55.00M |
| Other non cash items | -72.00M | -23.00M | -49.00M | 38.00M | -76.00M |
| Free cash flow | 351.00M | 1041.00M | 1072.00M | 1079.00M | 1015.00M |
Sector: Basic Materials Industry: Specialty Chemicals
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EMN Eastman Chemical Company |
1.26 1.89% |
67.93 | 17.64 | 10.99 | 1.11 | 1.95 | 1.62 | 10.78 |
| LIN Linde plc Ordinary Shares |
-5.01 0.99% |
503.15 | 33.77 | 28.90 | 6.56 | 5.42 | 7.03 | 18.92 |
| AIQUY Air Liquide SA ADR |
0.65 1.67% |
39.60 | 30.69 | 24.81 | 4.70 | 4.10 | 4.36 | 15.61 |
| AIQUF L'Air Liquide S.A |
- -% |
192.32 | 29.78 | 22.68 | 4.54 | 3.98 | 4.50 | 15.90 |
| SHW Sherwin-Williams Co |
9.30 2.90% |
330.10 | 33.33 | 27.40 | 3.38 | 20.60 | 3.88 | 21.36 |
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral sheets, and window and protective films for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts, and higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and agrochemicals markets. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
200 South Wilcox Drive, Kingsport, TN, United States, 37662
423 229 2000
14500
| Name | Title | Year Born |
|---|---|---|
| Mr. Mark J. Costa | Chairman & CEO | 1966 |
| Mr. William Thomas McLain Jr. | CFO & Sr. VP | 1973 |
| Mr. Brad A. Lich | Exec. VP & Chief Commercial Officer | 1968 |
| Mr. Stephen Glenn Crawford | Exec. VP of Manufacturing & Chief Sustainability Officer | 1965 |
| Ms. Michelle R. Stewart | VP, Chief Accounting Officer & Controller | 1972 |
| Dr. Christopher Moore Killian Ph.D. | Sr. VP & CTO | 1970 |
| Mr. Gregory A. Riddle | VP of Investor Relations & Communications | 1969 |
| Ms. Kellye L. Walker | Exec. VP & Chief Legal Officer | 1967 |
| Mr. Perry Stuckey III | Chief HR Officer & Sr. VP | 1959 |
| Mr. J. P. Kuijpers | MD of EMEA Region & Global Procurement Director | NA |
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