Eastman Chemical is a specialty chemicals company that produces chemicals, fibers, and plastics. The Company's operations include coatings, adhesives, specialty polymers, and Inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics. The company was founded in 1920 and is based in Kingsport, Tennessee.
EMN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Eastman Chemical Co. To summarize, we found that Eastman Chemical Co ranked in the 57th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 59.17%. The most interesting components of our discounted cash flow analysis for Eastman Chemical Co ended up being:
Eastman Chemical Co's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 8.4% of tickers in our DCF set.
As a business, Eastman Chemical Co experienced a tax rate of about 6% over the past twelve months; relative to its sector (Basic Materials), this tax rate is higher than merely 24.88% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as EMN, try NUE, ESI, GLT, HUN, and CE.
--(BUSINESS WIRE)--Eastman Chemical Company (NYSE:EMN): Basic Materials Conference Willie McLain, Senior Vice President and Chief Financial Officer, Eastman Chemical Company (NYSE:EMN), will address the Credit Suisse Virtual Basic Materials Conference on September 16, 2020 at 10:15 a.m. ET. Live Webcast Mr. McLain’s presentation will be webcast live on investors.eastman.com. Replay An audio replay of the presentation will be available at investors.eastman.com, events & presentations.
PARIS--(BUSINESS WIRE)--Regulatory News: Air Liquide (Paris:AI) announces a long-term supply agreement with Eastman Chemical Company to provide additional gaseous oxygen, nitrogen and syngas supporting Eastman’s growth and production in Longview, Texas. Air Liquide will invest more than 160 million U.S. dollars to modernize existing assets and build a new Air Separation Unit (ASU) and Partial Oxidation Unit (POX). With this agreement and additional production capacity of the new ASU and POX, Ai
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