Eastman Chemical Intrinsic Value – Eastman Chemical Reports Profitable Q2 Results for FY2023

August 24, 2023

☀️Earnings Overview

On July 27 2023, EASTMAN CHEMICAL ($NYSE:EMN) reported its fiscal quarter ending June 30 2023 results, which showed total revenue of USD 2324.0 million – a 16.5% decrease from the same period the year before. Net income was reported at USD 272.0 million, a 6.2% increase from the same quarter of FY2022.

Price History

On Thursday, Eastman Chemical reported its Q2 results for fiscal year 2023, and the stock opened at $88.4 and closed at $87.6, a decline of 0.5% from the prior closing price of 88.0. This slight dip was not unexpected given its previous performance over the past week. The company also reported a healthy gross margin of over 30%, which was up from the prior year. Operating cash flow and net earnings were also up over the prior year for Q2.

Overall, Eastman Chemical’s results show that the company is on a positive trajectory and is likely to continue to do well in the current fiscal year. Investors remain optimistic that the company will continue to report positive numbers in the coming quarters and maintain its healthy overall performance. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Eastman Chemical. More…

    Total Revenues Net Income Net Margin
    9.82k 708 8.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Eastman Chemical. More…

    Operations Investing Financing
    1.12k -862 -307
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Eastman Chemical. More…

    Total Assets Total Liabilities Book Value Per Share
    14.77k 9.42k 44.53
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Eastman Chemical are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    4.1% -4.2% 10.0%
    FCF Margin ROE ROA
    3.4% 11.7% 4.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Eastman Chemical Intrinsic Value

    At GoodWhale, we have conducted an extensive analysis of Eastman Chemical‘s fundamentals. After careful consideration, our proprietary Valuation Line has determined that the intrinsic value of EASTMAN CHEMICAL share is around $103.2. We believe that now is an opportune time to invest in EASTMAN CHEMICAL as the stock is currently trading at a bargain price. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Eastman Chemical Co is one of the world’s leading producers of chemicals and related products, with manufacturing facilities in over 30 countries. Its main competitors are Indo Amines Ltd, Deepak Nitrite Ltd, and TECIL Chemicals & Hydro Power Ltd.

    – Indo Amines Ltd ($BSE:524648)

    Indo Amines Ltd is a publicly traded company with a market capitalization of 8.96 billion as of 2022. The company has a return on equity of 16.75%. Indo Amines Ltd is engaged in the business of manufacturing and selling amino acids and their derivatives. The company’s products are used in a variety of industries, including pharmaceuticals, animal feed, food and beverages, and agriculture.

    – Deepak Nitrite Ltd ($BSE:506401)

    Deepak Nitrite Ltd is an Indian company that manufactures and sells chemicals. The company has a market cap of 305.73B as of 2022 and a Return on Equity of 25.76%. Deepak Nitrite Ltd is a publicly traded company listed on the Bombay Stock Exchange. The company has a diversified product portfolio and manufactures a wide range of chemicals including inorganic and organic chemicals, pigments, and dyes.


    Eastman Chemical Co. reported revenue of $2324.0 million and net income of $272.0 million for its second quarter of the fiscal year 2023, ending June 30 2023. Revenue was down 16.5% year over year, while net income increased 6.2%. Investors should consider these figures when analyzing Eastman Chemical’s performance, as well as any changes in market conditions that could affect the company’s overall performance. They should also take into account any changes in Eastman Chemical’s product offerings or plans to deploy capital to see the full picture of their financial health.

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