Eastman Chemical Stock Total Asset

EMN Stock  USD 100.22  0.64  0.64%   
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 29th of March 2024, Total Assets is likely to drop to about 10.2 B.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Eastman Total Asset Analysis

Eastman Chemical's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
 2021 2022 2023 2024 (projected)
Gross Profit2.5B2.1B2.1B1.8B
Total Revenue10.5B10.6B9.2B7.8B

Total Asset

 = 

Tangible Assets

+

Intangible Assets

More About Total Asset | All Equity Analysis

Current Eastman Chemical Total Asset

    
  14.63 B  
Most of Eastman Chemical's fundamental indicators, such as Total Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Eastman Chemical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Eastman Total Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Eastman Chemical is extremely important. It helps to project a fair market value of Eastman Stock properly, considering its historical fundamentals such as Total Asset. Since Eastman Chemical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Eastman Chemical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Eastman Chemical's interrelated accounts and indicators.
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Eastman Total Asset Historical Pattern

Today, most investors in Eastman Chemical Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Eastman Chemical's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Eastman Chemical total asset as a starting point in their analysis.
   Eastman Chemical Total Asset   
       Timeline  
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Competition

Eastman Total Assets

Total Assets

10.23 Billion

At this time, Eastman Chemical's Total Assets are very stable compared to the past year.
Based on the latest financial disclosure, Eastman Chemical has a Total Asset of 14.63 B. This is 16.08% lower than that of the Chemicals sector and 198.7% higher than that of the Materials industry. The total asset for all United States stocks is 50.34% higher than that of the company.

Eastman Total Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eastman Chemical's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eastman Chemical could also be used in its relative valuation, which is a method of valuing Eastman Chemical by comparing valuation metrics of similar companies.
Eastman Chemical is currently under evaluation in total asset category among related companies.

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 Chemical Institutional Holders

Institutional Holdings refers to the ownership stake in Eastman Chemical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Eastman Chemical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Eastman Chemical's value.
Shares
Earnest Partners Llc2023-12-31
M
Bank Of America Corp2023-12-31
1.9 M
Lsv Asset Management2023-12-31
1.7 M
Norges Bank2023-12-31
1.4 M
Northern Trust Corp2023-12-31
1.3 M
Bank Of New York Mellon Corp2023-12-31
1.3 M
Charles Schwab Investment Management Inc2023-12-31
1.1 M
Clearbridge Advisors, Llc2023-12-31
948.7 K
Eagle Asset Management, Inc.2023-12-31
860.8 K
Vanguard Group Inc2023-12-31
14.8 M
Blackrock Inc2023-12-31
8.4 M

Eastman Fundamentals

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.
Last ReportedProjected for 2024
Total Assets14.6 B10.2 B

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

  0.7DD Dupont De Nemours Fiscal Quarter End 31st of March 2024 PairCorr
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  0.77MEIL Methes Energies IntePairCorr

Moving against Eastman Stock

  0.73NANX Nanophase Technol Report 3rd of April 2024 PairCorr
  0.49WDFC WD-40 Company Report 4th of April 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.
Pair CorrelationCorrelation Matching
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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.