Large-cap industrials company Eastman Chemical Company has moved 1.9% this overnight, reaching $80.16 per share. In contrast, the average analyst target price for the stock is $95.67.
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company is based in the United States. Eastman Chemical Company currently returns an annual dividend yield of 3.9%.
What to Consider if You Are Thinking of Buying Eastman Chemical Company:
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Eastman Chemical Company has moved -25.0% over the last year.
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EMN has a forward P/E ratio of 8.9 based on its EPS guidance of 9.04.
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Over the last 4 years, earnings per share (EPS) have been growing at a compounded average rate of 0.9%.
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The company has a price to earnings growth (PEG) ratio of 1.11.
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Its Price to Book (P/B) ratio is 1.84
Eastman Chemical Company Has a Deteriorating Pattern of Cash Flows
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cashflow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 975,000 | -624,000 | 351,000 | -66.28 |
| 2021-12-31 | 1,619,000 | -578,000 | 1,041,000 | -2.89 |
| 2020-12-31 | 1,455,000 | -383,000 | 1,072,000 | -0.65 |
| 2019-12-31 | 1,504,000 | -425,000 | 1,079,000 | n/a |
Eastman Chemical Company's free cash flows may average out to $885.75 Million over the last 4 years, but its persistently negative year-on-year growth could be a red flag. Indeed, its free cash flow CAGR is -24.5% and its coefficient of variability is 40.3%.
