How to buy Eastman Chemical Company stock | $103.09

Eastman Chemical Company is a chemicals business based in the US. Eastman Chemical Company shares (EMN) are listed on the NYSE and all prices are listed in US Dollars. Eastman Chemical Company employs 14,500 staff and has a trailing 12-month revenue of around 0.00.

Eastman Chemical Company stock price (NYSE: EMN)

Use our graph to track the performance of EMN stocks over time.

Eastman Chemical Company shares at a glance

• Key figures

Information last updated 2021-09-18.

Latest market close	$103.09
52-week range	$73.03 - $128.94
50-day moving average	$111.80
200-day moving average	$115.73
Wall St. target price	$136.65
PE ratio	44.0932
Dividend yield	$2.73 (2.6%)
Earnings per share (TTM)	$2.34

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Is it a good time to buy Eastman Chemical Company stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Eastman Chemical Company price performance over time

Historical closes compared with the close of $103.09 from 2021-09-17

1 week (2021-09-10)	-5.83%
1 month (2021-08-19)	-6.06%
3 months (2021-06-18)	-9.69%
6 months (2021-03-19)	-7.79%

1 year (2020-09-18)	22.98%
2 years (2019-09-19)	42.45%
3 years (2018-09-19)	4.64%
5 years (2016-09-19)	59.09%

Is Eastman Chemical Company under- or over-valued?

Valuing Eastman Chemical Company stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Eastman Chemical Company's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Eastman Chemical Company's P/E ratio

Eastman Chemical Company's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 44x. In other words, Eastman Chemical Company shares trade at around 44x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Eastman Chemical Company's PEG ratio

Eastman Chemical Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1426. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Eastman Chemical Company's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Eastman Chemical Company's EBITDA

Eastman Chemical Company's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.8 billion.

The EBITDA is a measure of a Eastman Chemical Company's overall financial performance and is widely used to measure a its profitability.

Eastman Chemical Company financials

Revenue TTM	$9.4 billion
Operating margin TTM	13.37%
Gross profit TTM	$2 billion
Return on assets TTM	4.88%
Return on equity TTM	5.48%
Profit margin	3.43%
Book value	$43.78
Market capitalisation	$14 billion

TTM: trailing 12 months

Shorting Eastman Chemical Company shares

There are currently 1.7 million Eastman Chemical Company shares held short by investors – that's known as Eastman Chemical Company's "short interest". This figure is 46.2% up from 1.2 million last month.

There are a few different ways that this level of interest in shorting Eastman Chemical Company shares can be evaluated.

Eastman Chemical Company's "short interest ratio" (SIR)

Eastman Chemical Company's "short interest ratio" (SIR) is the quantity of Eastman Chemical Company shares currently shorted divided by the average quantity of Eastman Chemical Company shares traded daily (recently around 576486.71096346). Eastman Chemical Company's SIR currently stands at 3.01. In other words for every 100,000 Eastman Chemical Company shares traded daily on the market, roughly 3010 shares are currently held short.

However Eastman Chemical Company's short interest can also be evaluated against the total number of Eastman Chemical Company shares, or, against the total number of tradable Eastman Chemical Company shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Eastman Chemical Company's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Eastman Chemical Company shares in existence, roughly 10 shares are currently held short) or 0.0129% of the tradable shares (for every 100,000 tradable Eastman Chemical Company shares, roughly 13 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Eastman Chemical Company.

Find out more about how you can short Eastman Chemical Company stock.

Eastman Chemical Company's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Eastman Chemical Company.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Eastman Chemical Company's total ESG risk score

Total ESG risk: 27.01

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Eastman Chemical Company's overall score of 27.01 (as at 12/31/2018) is pretty good – landing it in it in the 38th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Eastman Chemical Company is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Eastman Chemical Company's environmental score

Environmental score: 10.68/100

Eastman Chemical Company's environmental score of 10.68 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that Eastman Chemical Company is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Eastman Chemical Company's social score

Social score: 4.29/100

Eastman Chemical Company's social score of 4.29 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that Eastman Chemical Company is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Eastman Chemical Company's governance score

Governance score: 7.55/100

Eastman Chemical Company's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that Eastman Chemical Company is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Eastman Chemical Company's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Eastman Chemical Company scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Eastman Chemical Company has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Eastman Chemical Company was last rated for ESG on: 2019-01-01.

Total ESG score	27.01
Total ESG percentile	38.14
Environmental score	10.68
Environmental score percentile	3
Social score	4.29
Social score percentile	3
Governance score	7.55
Governance score percentile	3
Level of controversy	2

Eastman Chemical Company share dividends

Dividend payout ratio: 35.16% of net profits

Recently Eastman Chemical Company has paid out, on average, around 35.16% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.63% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Eastman Chemical Company shareholders could enjoy a 2.63% return on their shares, in the form of dividend payments. In Eastman Chemical Company's case, that would currently equate to about $2.73 per share.

While Eastman Chemical Company's payout ratio might seem fairly standard, it's worth remembering that Eastman Chemical Company may be investing much of the rest of its net profits in future growth.

Eastman Chemical Company's most recent dividend payout was on 30 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 13 September 2021 (the "ex-dividend date").

Have Eastman Chemical Company's shares ever split?

Eastman Chemical Company's shares were split on a 2:1 basis on 3 October 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Eastman Chemical Company shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Eastman Chemical Company shares which in turn could have impacted Eastman Chemical Company's share price.

Eastman Chemical Company share price volatility

Over the last 12 months, Eastman Chemical Company's shares have ranged in value from as little as $73.0345 up to $128.9392. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Eastman Chemical Company's is 1.524. This would suggest that Eastman Chemical Company's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Eastman Chemical Company overview

Eastman Chemical Company operates as a specialty materials company worldwide. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. Its Advanced Materials segment provides copolyesters, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, consumables, building and construction, durable goods, and health and wellness markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, aerospace, personal hygiene, and consumables markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

Frequently asked questions

What percentage of Eastman Chemical Company is owned by insiders or institutions?
Currently 0.562% of Eastman Chemical Company shares are held by insiders and 86.114% by institutions. How many people work for Eastman Chemical Company?
Latest data suggests 14,500 work at Eastman Chemical Company. When does the fiscal year end for Eastman Chemical Company?
Eastman Chemical Company's fiscal year ends in December. Where is Eastman Chemical Company based?
Eastman Chemical Company's address is: 200 South Wilcox Drive, Kingsport, TN, United States, 37662 What is Eastman Chemical Company's ISIN number?
Eastman Chemical Company's international securities identification number is: US2774321002 What is Eastman Chemical Company's CUSIP number?
Eastman Chemical Company's Committee on Uniform Securities Identification Procedures number is: 277432100