EASTMAN CHEMICAL CO (EMN) Fundamental Analysis & Valuation

NYSE:EMN • US2774321002

72.89 USD
-0.56 (-0.76%)
Last: Mar 5, 2026, 11:44 AM
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This EMN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to EMN. EMN was compared to 83 industry peers in the Chemicals industry. EMN has a medium profitability rating, but doesn't score so well on its financial health evaluation. EMN is not valued too expensively and it also shows a decent growth rate. Finally EMN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. EMN Profitability Analysis

1.1 Basic Checks

  • In the past year EMN was profitable.
  • In the past year EMN had a positive cash flow from operations.
  • EMN had positive earnings in each of the past 5 years.
  • In the past 5 years EMN always reported a positive cash flow from operatings.
EMN Yearly Net Income VS EBIT VS OCF VS FCFEMN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • EMN has a Return On Assets of 4.67%. This is amongst the best in the industry. EMN outperforms 81.93% of its industry peers.
  • The Return On Equity of EMN (12.11%) is better than 83.13% of its industry peers.
  • The Return On Invested Capital of EMN (7.46%) is better than 73.49% of its industry peers.
Industry RankSector Rank
ROA 4.67%
ROE 12.11%
ROIC 7.46%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
EMN Yearly ROA, ROE, ROICEMN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • EMN has a better Profit Margin (7.75%) than 80.72% of its industry peers.
  • In the last couple of years the Profit Margin of EMN has remained more or less at the same level.
  • EMN's Operating Margin of 12.92% is fine compared to the rest of the industry. EMN outperforms 67.47% of its industry peers.
  • In the last couple of years the Operating Margin of EMN has declined.
  • The Gross Margin of EMN (22.85%) is worse than 60.24% of its industry peers.
  • EMN's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 12.92%
PM (TTM) 7.75%
GM 22.85%
OM growth 3Y-5.48%
OM growth 5Y-2.51%
PM growth 3Y-10.27%
PM growth 5Y-0.81%
GM growth 3Y1.45%
GM growth 5Y-1.98%
EMN Yearly Profit, Operating, Gross MarginsEMN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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3

2. EMN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EMN is destroying value.
  • EMN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
EMN Yearly Shares OutstandingEMN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
EMN Yearly Total Debt VS Total AssetsEMN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 2.48 indicates that EMN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.48, EMN is doing good in the industry, outperforming 69.88% of the companies in the same industry.
  • The Debt to FCF ratio of EMN is 12.85, which is on the high side as it means it would take EMN, 12.85 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 12.85, EMN is in line with its industry, outperforming 57.83% of the companies in the same industry.
  • EMN has a Debt/Equity ratio of 0.88. This is a neutral value indicating EMN is somewhat dependend on debt financing.
  • The Debt to Equity ratio of EMN (0.88) is worse than 62.65% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 12.85
Altman-Z 2.48
ROIC/WACC0.57
WACC13.02%
EMN Yearly LT Debt VS Equity VS FCFEMN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.76 indicates that EMN should not have too much problems paying its short term obligations.
  • EMN has a Current ratio (1.76) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.86 indicates that EMN may have some problems paying its short term obligations.
  • EMN's Quick ratio of 0.86 is on the low side compared to the rest of the industry. EMN is outperformed by 72.29% of its industry peers.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 0.86
EMN Yearly Current Assets VS Current LiabilitesEMN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. EMN Growth Analysis

3.1 Past

  • EMN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.56%.
  • EMN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.54% yearly.
  • The Revenue has decreased by -6.71% in the past year.
  • The Revenue has been growing slightly by 0.65% on average over the past years.
EPS 1Y (TTM)-31.56%
EPS 3Y-11.65%
EPS 5Y-2.54%
EPS Q2Q%-59.89%
Revenue 1Y (TTM)-6.71%
Revenue growth 3Y-6.13%
Revenue growth 5Y0.65%
Sales Q2Q%-12.12%

3.2 Future

  • Based on estimates for the next years, EMN will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.84% on average per year.
  • Based on estimates for the next years, EMN will show a small growth in Revenue. The Revenue will grow by 1.77% on average per year.
EPS Next Y9.58%
EPS Next 2Y12.26%
EPS Next 3Y12.72%
EPS Next 5Y14.84%
Revenue Next Year0.28%
Revenue Next 2Y1.79%
Revenue Next 3Y2.26%
Revenue Next 5Y1.77%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
EMN Yearly Revenue VS EstimatesEMN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B 10B
EMN Yearly EPS VS EstimatesEMN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

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6

4. EMN Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 13.50, EMN is valued correctly.
  • 80.72% of the companies in the same industry are more expensive than EMN, based on the Price/Earnings ratio.
  • EMN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.03.
  • Based on the Price/Forward Earnings ratio of 12.32, the valuation of EMN can be described as correct.
  • EMN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. EMN is cheaper than 77.11% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of EMN to the average of the S&P500 Index (25.11), we can say EMN is valued rather cheaply.
Industry RankSector Rank
PE 13.5
Fwd PE 12.32
EMN Price Earnings VS Forward Price EarningsEMN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 81.93% of the companies in the same industry are more expensive than EMN, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, EMN is valued a bit cheaper than 69.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.06
EV/EBITDA 7.56
EMN Per share dataEMN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • EMN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of EMN may justify a higher PE ratio.
  • EMN's earnings are expected to grow with 12.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.41
PEG (5Y)N/A
EPS Next 2Y12.26%
EPS Next 3Y12.72%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. EMN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.47%, EMN is a good candidate for dividend investing.
  • EMN's Dividend Yield is rather good when compared to the industry average which is at 2.19. EMN pays more dividend than 87.95% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, EMN pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.47%

5.2 History

  • The dividend of EMN has a limited annual growth rate of 5.58%.
  • EMN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • EMN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.58%
Div Incr Years15
Div Non Decr Years30
EMN Yearly Dividends per shareEMN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • EMN pays out 54.51% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of EMN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP54.51%
EPS Next 2Y12.26%
EPS Next 3Y12.72%
EMN Yearly Income VS Free CF VS DividendEMN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
EMN Dividend Payout.EMN Dividend Payout, showing the Payout Ratio.EMN Dividend Payout.PayoutRetained Earnings

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EMN Fundamentals: All Metrics, Ratios and Statistics

EASTMAN CHEMICAL CO

NYSE:EMN (3/5/2026, 11:44:03 AM)

72.89

-0.56 (-0.76%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners90.86%
Inst Owner Change-4.52%
Ins Owners0.7%
Ins Owner Change7.23%
Market Cap8.32B
Revenue(TTM)8.75B
Net Income(TTM)699.00M
Analysts74.55
Price Target77.58 (6.43%)
Short Float %4.52%
Short Ratio3.15
Dividend
Industry RankSector Rank
Dividend Yield 4.47%
Yearly Dividend3.26
Dividend Growth(5Y)5.58%
DP54.51%
Div Incr Years15
Div Non Decr Years30
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.68%
Min EPS beat(2)-8.32%
Max EPS beat(2)-3.04%
EPS beat(4)1
Avg EPS beat(4)1.72%
Min EPS beat(4)-8.32%
Max EPS beat(4)18.25%
EPS beat(8)5
Avg EPS beat(8)3.53%
EPS beat(12)8
Avg EPS beat(12)2.53%
EPS beat(16)10
Avg EPS beat(16)1.76%
Revenue beat(2)0
Avg Revenue beat(2)-2.57%
Min Revenue beat(2)-3.51%
Max Revenue beat(2)-1.63%
Revenue beat(4)0
Avg Revenue beat(4)-2.48%
Min Revenue beat(4)-3.51%
Max Revenue beat(4)-1.63%
Revenue beat(8)1
Avg Revenue beat(8)-1.17%
Revenue beat(12)1
Avg Revenue beat(12)-2.5%
Revenue beat(16)4
Avg Revenue beat(16)-0.44%
PT rev (1m)4.24%
PT rev (3m)4.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.98%
EPS NY rev (1m)-4%
EPS NY rev (3m)-12.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.83%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-3.79%
Valuation
Industry RankSector Rank
PE 13.5
Fwd PE 12.32
P/S 0.92
P/FCF 21.06
P/OCF 8.25
P/B 1.44
P/tB 7.57
EV/EBITDA 7.56
EPS(TTM)5.4
EY7.41%
EPS(NY)5.92
Fwd EY8.12%
FCF(TTM)3.46
FCFY4.75%
OCF(TTM)8.83
OCFY12.12%
SpS79.09
BVpS50.58
TBVpS9.62
PEG (NY)1.41
PEG (5Y)N/A
Graham Number78.39
Profitability
Industry RankSector Rank
ROA 4.67%
ROE 12.11%
ROCE 9.09%
ROIC 7.46%
ROICexc 7.75%
ROICexgc 12.31%
OM 12.92%
PM (TTM) 7.75%
GM 22.85%
FCFM 4.38%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-5.48%
OM growth 5Y-2.51%
PM growth 3Y-10.27%
PM growth 5Y-0.81%
GM growth 3Y1.45%
GM growth 5Y-1.98%
F-Score5
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 12.85
Debt/EBITDA 3.03
Cap/Depr 119.96%
Cap/Sales 6.79%
Interest Coverage 250
Cash Conversion 60.11%
Profit Quality 56.51%
Current Ratio 1.76
Quick Ratio 0.86
Altman-Z 2.48
F-Score5
WACC13.02%
ROIC/WACC0.57
Cap/Depr(3y)130.13%
Cap/Depr(5y)124.87%
Cap/Sales(3y)7.2%
Cap/Sales(5y)6.56%
Profit Quality(3y)75.52%
Profit Quality(5y)78.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-31.56%
EPS 3Y-11.65%
EPS 5Y-2.54%
EPS Q2Q%-59.89%
EPS Next Y9.58%
EPS Next 2Y12.26%
EPS Next 3Y12.72%
EPS Next 5Y14.84%
Revenue 1Y (TTM)-6.71%
Revenue growth 3Y-6.13%
Revenue growth 5Y0.65%
Sales Q2Q%-12.12%
Revenue Next Year0.28%
Revenue Next 2Y1.79%
Revenue Next 3Y2.26%
Revenue Next 5Y1.77%
EBIT growth 1Y2.73%
EBIT growth 3Y-11.27%
EBIT growth 5Y-1.88%
EBIT Next Year59.9%
EBIT Next 3Y23.02%
EBIT Next 5Y20.52%
FCF growth 1Y-34.6%
FCF growth 3Y6.5%
FCF growth 5Y-16.93%
OCF growth 1Y-15.93%
OCF growth 3Y-0.17%
OCF growth 5Y-7.79%

EASTMAN CHEMICAL CO / EMN FAQ

Can you provide the ChartMill fundamental rating for EASTMAN CHEMICAL CO?

ChartMill assigns a fundamental rating of 5 / 10 to EMN.


Can you provide the valuation status for EASTMAN CHEMICAL CO?

ChartMill assigns a valuation rating of 6 / 10 to EASTMAN CHEMICAL CO (EMN). This can be considered as Fairly Valued.


Can you provide the profitability details for EASTMAN CHEMICAL CO?

EASTMAN CHEMICAL CO (EMN) has a profitability rating of 6 / 10.


What is the expected EPS growth for EASTMAN CHEMICAL CO (EMN) stock?

The Earnings per Share (EPS) of EASTMAN CHEMICAL CO (EMN) is expected to grow by 9.58% in the next year.


How sustainable is the dividend of EASTMAN CHEMICAL CO (EMN) stock?

The dividend rating of EASTMAN CHEMICAL CO (EMN) is 8 / 10 and the dividend payout ratio is 54.51%.