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Eastman Chemical Company (EMN) is a leading chemicals business with stocks listed in the US. It opened the day at US$125.57 after a previous close of US$124.97. During the day the price has varied from a low of USD124.08 to a high of USD126.58. The latest price was USD125.33 (25 minute delay). Eastman Chemical Company is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Eastman Chemical Company
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Eastman Chemical Company. Find the share by name or ticker symbol: EMN. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Eastman Chemical Company reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$129.31, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Eastman Chemical Company, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Eastman Chemical Company. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Eastman Chemical Company key stats
- Compare share trading platforms
- Is Eastman Chemical Company stock a buy or sell?
- Eastman Chemical Company performance over time
- Can I short Eastman Chemical Company shares?
- Is Eastman Chemical Company suitable for ethical investing?
- Are Eastman Chemical Company shares over-valued?
- Eastman Chemical Company's financials
- How volatile are Eastman Chemical Company shares?
- Does Eastman Chemical Company pay a dividend?
- Have Eastman Chemical Company shares ever split?
- Other common questions
Eastman Chemical Company share priceUse our graph to track the performance of EMN stocks over time.
Eastman Chemical Company shares at a glance
|52-week range||US$64.4977 - US$130.47|
|50-day moving average||US$123.3349|
|200-day moving average||US$111.2563|
|Dividend yield||US$2.7 (2.13%)|
|Earnings per share (TTM)||US$3.609|
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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.
Eastman Chemical Company price performance over time
|1 month (2021-05-13)||-1.77%|
|3 months (2021-03-12)||6.83%|
|6 months (2020-12-11)||22.27%|
|1 year (2020-06-12)||79.99%|
|2 years (2019-06-13)||68.91%|
|3 years (2018-06-13)||15.55%|
|5 years (2016-06-13)||72.73%|
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 35x. In other words, Eastman Chemical Company shares trade at around 35x 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 1.6711. 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 US$1.6 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||US$8.6 billion|
|Operating margin TTM||11.5%|
|Gross profit TTM||US$2 billion|
|Return on assets TTM||3.8%|
|Return on equity TTM||8.09%|
|Market capitalisation||US$17.2 billion|
TTM: trailing 12 months
Shorting Eastman Chemical Company shares
There are currently 1.4 million Eastman Chemical Company shares held short by investors – that's known as Eastman Chemical Company's "short interest". This figure is 3.4% up from 1.3 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 773098.86363636). Eastman Chemical Company's SIR currently stands at 1.76. In other words for every 100,000 Eastman Chemical Company shares traded daily on the market, roughly 1760 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 0.0113% of the tradable shares (for every 100,000 tradable Eastman Chemical Company shares, roughly 11 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
|Total ESG score||27.01|
|Total ESG percentile||38.14|
|Environmental score percentile||3|
|Social score percentile||3|
|Governance score percentile||3|
|Level of controversy||2|
Eastman Chemical Company share dividends
Dividend payout ratio: 43.75% of net profits
Recently Eastman Chemical Company has paid out, on average, around 43.75% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.18% 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 2.18% return on their shares, in the form of dividend payments. In Eastman Chemical Company's case, that would currently equate to about $2.7 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 1 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 13 June 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 US$64.4977 up to US$130.47. 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 1.5245. 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.
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