Skip to Content

Eastman Chemical Co EMN

Morningstar Rating
$83.29 +0.08 (0.10%)
View Full Chart
Unlock Our Analysis with Morningstar Investor

Company Report

Eastman's Specialty Chemicals Should Benefit From Long-Term Demand Growth Despite Near-Term Slowdown

Through acquisition and internal development, Eastman Chemical owns a solid portfolio of specialty chemicals. Its specialty chemicals include plastics and components used in safety glass, window tinting, and specialty plastics, all of which offer a solid long-term growth profile. To increase its specialty portfolio, the firm invests roughly 4% of sales from its additives and functional products and advanced materials segments in research and development, which is in line with its specialty chemical peers. Eastman is well positioned to meet growing demand for auto window interlayers, including heads-up displays, and specialty plastics.

Price vs Fair Value

EMN is trading at a 33% discount.
Price
$83.19
Fair Value
$377.00
Uncertainty
High
1-Star Price
$237.22
5-Star Price
$32.00
Economic Moat
Nxmpcqn
Capital Allocation
Cvvblml

Bulls Say, Bears Say

Bulls

Eastman is well positioned to meet evolving chemical demands in auto with window interlayers and specialty plastics through its best-in-class patented products.

Bears

While the company's coal gasification is a low-cost method compared with many international competitors, other Eastman products are made with higher-cost petrochemicals.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if EMN is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$83.21
Day Range
$82.8683.29
52-Week Range
$68.9091.95
Bid/Ask
$83.24 / $83.54
Market Cap
$9.85 Bil
Volume/Avg
134 / 875,033

Key Statistics

Price/Earnings (Normalized)
13.91
Price/Sales
1.06
Dividend Yield
3.80%
Dividend Yield (Forward)
3.80%
Total Yield
5.32%

Company Profile

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.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Mid Value
Total Number of Employees
14,500

Competitors

Valuation

Metric
EMN
CE
DD
Price/Earnings (Normalized)
13.9116.9320.41
Price/Book Value
1.842.301.27
Price/Sales
1.061.402.69
Price/Cash Flow
10.6911.9216.22
Price/Earnings
EMN
CE
DD

Financial Strength

Metric
EMN
CE
DD
Quick Ratio
0.610.831.01
Current Ratio
1.361.592.15
Interest Coverage
4.061.743.73
Quick Ratio
EMN
CE
DD

Profitability

Metric
EMN
CE
DD
Return on Assets (Normalized)
4.83%6.88%3.92%
Return on Equity (Normalized)
13.56%30.28%6.30%
Return on Invested Capital (Normalized)
8.40%10.40%5.12%
Return on Assets
EMN
CE
DD

Specialty Chemicals Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
LIN
Linde PLCZvhzrkt$199.5 Bil
SHW
Sherwin-Williams CoDwnt$70.1 Bil
APD
Air Products & Chemicals IncXpllfmn$59.2 Bil
ECL
Ecolab IncMtmt$53.8 Bil
PPG
PPG Industries IncJhztzt$32.9 Bil
DD
DuPont de Nemours IncRdfnjl$30.7 Bil
LYB
LyondellBasell Industries NV Class APfqrmyf$30.5 Bil
IFF
International Flavors & Fragrances IncZvbd$19.2 Bil
ALB
Albemarle CorpMxqqzg$14.5 Bil
SQM
Sociedad Quimica Y Minera De Chile SA ADRJfzvfbq$14.1 Bil