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
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% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eastman Chemical. More…
| Operations | Investing | Financing |
| 1.12k | -862 | -307 |
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 |
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% |
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 $103.2. We believe that now is an opportune time to invest in EASTMAN CHEMICAL as the stock is currently trading at a bargain price. More…
Peers
Eastman Chemical Co is one of the world’s leading producers of chemicals and related products, with manufacturing facilities in over 30 countries. Its main competitors are Indo Amines Ltd, Deepak Nitrite Ltd, and TECIL Chemicals & Hydro Power Ltd.
– Indo Amines Ltd ($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.
Summary
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.
Related Posts
Recent Posts
