Company Valuation: Eastman Chemical Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 16,255 9,768 10,645 10,580 7,278 8,377 - -
Change - -39.91% 8.98% -0.6% -31.21% 15.1% - -
Enterprise Value (EV) 1 20,955 14,426 14,943 14,760 11,499 12,467 12,400 12,363
Change - -31.16% 3.58% -1.22% -22.1% 8.42% -0.54% -0.29%
P/E ratio 19.3x 12.8x 12x 11.9x 15.6x 12.8x 11x 9.8x
PBR 2.73x - 1.93x 1.82x 1.22x 1.41x 1.36x 1.32x
PEG - 8x 0.7x 4.95x -0.3x 0.3x 0.7x 0.8x
Capitalization / Revenue 1.55x 0.92x 1.16x 1.13x 0.83x 0.95x 0.92x 0.89x
EV / Revenue 2x 1.36x 1.62x 1.57x 1.31x 1.41x 1.36x 1.32x
EV / EBITDA 9.64x 7.94x 9.37x 8.17x 7.97x 8.24x 7.59x 7.02x
EV / EBIT 12.8x 10.8x 13.6x 11.4x 12.4x 12.6x 11.2x 10.1x
EV / FCF 19.7x 39.6x 27.4x 21.5x 27.1x 19.8x 19.7x 18.1x
FCF Yield 5.08% 2.52% 3.65% 4.66% 3.69% 5.05% 5.07% 5.54%
Dividend per Share 2 2.83 3.07 3.18 3.26 3.33 3.362 3.505 3.703
Rate of return 2.34% 3.77% 3.54% 3.57% 5.22% 4.58% 4.77% 5.04%
EPS 2 6.25 6.35 7.49 7.67 4.1 5.729 6.671 7.493
Distribution rate 45.3% 48.3% 42.5% 42.5% 81.2% 58.7% 52.5% 49.4%
Net sales 1 10,476 10,580 9,210 9,382 8,752 8,824 9,102 9,373
EBITDA 1 2,173 1,816 1,595 1,807 1,443 1,512 1,634 1,760
EBIT 1 1,635 1,339 1,097 1,298 930 989.3 1,105 1,220
Net income 1 857 793 894 905 474 659.6 768.3 861.7
Net Debt 1 4,700 4,658 4,298 4,180 4,221 4,090 4,023 3,986
Reference price 2 120.91 81.44 89.82 91.32 63.83 73.45 73.45 73.45
Nbr of stocks (in thousands) 134,440 119,940 118,513 115,862 114,019 114,047 - -
Announcement Date 1/27/22 1/26/23 2/1/24 1/30/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.82x1.41x7.36x4.58% 8.38B
36.1x5.22x20.74x0.99% 83.99B
24.41x3.99x16.78x2.53% 34.61B
20.75x2.54x12.99x2.53% 31.19B
13.5x1.31x8.25x2.36% 22.77B
14.24x3.52x8.26x2.85% 20.57B
21.3x3.95x10.38x0.98% 19.84B
30.48x7.06x22.64x2.9% 18.6B
16.62x1.81x7.27x1.84% 14B
359.93x5.17x86.49x0.14% 11.26B
Average 55.01x 3.60x 20.11x 2.17% 26.52B
Weighted average by Cap. 39.62x 4.01x 18.29x 1.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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