Eastman Chemical Stock Filter Stocks by Fundamentals
| EMN Stock | USD 97.32 0.66 0.67% |
Eastman Chemical fundamentals help investors to digest information that contributes to Eastman Chemical's financial success or failures. It also enables traders to predict the movement of Eastman Stock. The fundamental analysis module provides a way to measure Eastman Chemical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eastman Chemical stock.
As of the 15th of April 2024, Price To Book Ratio is likely to grow to 2.89. Eastman | Price to Book |
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Eastman Chemical ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Eastman Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Eastman Chemical's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Eastman Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0456 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 16.09 B | ||||
| Shares Outstanding | 117.6 M | ||||
| Shares Owned By Insiders | 0.66 % | ||||
| Shares Owned By Institutions | 86.51 % | ||||
| Number Of Shares Shorted | 2.18 M | ||||
| Price To Earning | 9.60 X | ||||
| Price To Book | 2.11 X | ||||
| Price To Sales | 1.25 X | ||||
| Revenue | 9.2 B | ||||
| Gross Profit | 2.18 B | ||||
| EBITDA | 1.59 B | ||||
| Net Income | 894 M | ||||
| Cash And Equivalents | 493 M | ||||
| Cash Per Share | 3.84 X | ||||
| Total Debt | 4.97 B | ||||
| Debt To Equity | 0.96 % | ||||
| Current Ratio | 1.28 X | ||||
| Book Value Per Share | 46.53 X | ||||
| Cash Flow From Operations | 1.37 B | ||||
| Short Ratio | 1.68 X | ||||
| Earnings Per Share | 7.49 X | ||||
| Price To Earnings To Growth | 1.14 X | ||||
| Target Price | 100.84 | ||||
| Number Of Employees | 14 K | ||||
| Beta | 1.56 | ||||
| Market Capitalization | 11.52 B | ||||
| Total Asset | 14.63 B | ||||
| Retained Earnings | 9.49 B | ||||
| Working Capital | 905 M | ||||
| Current Asset | 2.88 B | ||||
| Current Liabilities | 2.06 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.92 % | ||||
| Net Asset | 14.63 B | ||||
| Last Dividend Paid | 3.18 |
About Eastman Chemical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastman Chemical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastman Chemical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastman Chemical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Eastman Chemical Investors Sentiment
The influence of Eastman Chemical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eastman. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Eastman Chemical's public news can be used to forecast risks associated with an investment in Eastman. The trend in average sentiment can be used to explain how an investor holding Eastman can time the market purely based on public headlines and social activities around Eastman Chemical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Eastman Chemical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eastman Chemical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eastman Chemical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eastman Chemical.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastman Chemical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastman Chemical's short interest history, or implied volatility extrapolated from Eastman Chemical options trading.
Pair Trading with Eastman Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastman Stock
| 0.8 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
| 0.93 | FF | FutureFuel Corp Buyout Trend | PairCorr |
| 0.79 | ECVT | Ecovyst Financial Report 2nd of May 2024 | PairCorr |
Moving against Eastman Stock
| 0.7 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.
The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Eastman Chemical Piotroski F Score and Eastman Chemical Altman Z Score analysis. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Eastman Stock analysis
When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Eastman Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 311.047 | Dividend Share 3.18 | Earnings Share 7.49 | Revenue Per Share 77.656 | Quarterly Revenue Growth (0.07) |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.