Kodak (KODK) AI Stock Analysis

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Kodak

(NYSE:KODK)

57Neutral

Kodak's overall stock score reflects a business facing operational challenges despite some financial improvements. The company's undervalued stock price and strategic focus on advanced materials are positives, but ongoing revenue declines and negative cash flows pose significant risks. The balanced sentiment from the recent earnings call adds a note of caution to the outlook.

Kodak (KODK) vs. S&P 500 (SPY)

Market Cap

$489.24M

Dividend YieldN/A

Average Volume (3M)1.21M

Price to Earnings (P/E)7.0

Beta (1Y)1.68

Revenue Growth-6.62%

EPS Growth37.82%

CountryUS

Employees3,900

SectorIndustrials

Sector Strength70

IndustrySpecialty Business Services

Share Statistics

EPS (TTM)0.90

Shares Outstanding80,600,000

10 Day Avg. Volume1,521,304

30 Day Avg. Volume1,209,743

Financial Highlights & Ratios

PEG Ratio0.18

Price to Book (P/B)N/A

Price to Sales (P/S)0.48

Price to Cash Flow (P/CF)31.50

P/FCF Ratio6.60

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

Kodak Business Overview & Revenue Model

Company DescriptionEastman Kodak Company, commonly known as Kodak, is a technology company focused on imaging. Founded in 1888 and headquartered in Rochester, New York, Kodak operates in several sectors including digital imaging, printing, and advanced materials and chemicals. Its core products and services span consumer and professional imaging solutions, including digital cameras, film products, printing equipment, and software for commercial print, packaging, and functional printing applications.

How the Company Makes MoneyKodak generates revenue through a diversified portfolio of products and services. The company earns money primarily by selling imaging and printing equipment, such as digital cameras and printers, as well as consumables like photographic film and paper. Additionally, Kodak offers software and technology solutions for commercial printing and packaging industries, which include workflow software and system integration services. Another significant revenue stream comes from Kodak's advanced materials and chemicals division, which provides specialty chemicals and materials for various industrial applications. The company also benefits from strategic partnerships and licensing agreements that leverage its intellectual property and brand.

Kodak Financial Statement Overview

Summary

Kodak managed to turn a profit in 2024 with net income growth, but declining revenue and negative cash flows indicate operational challenges and financial instability.

Income Statement

Neutral

Kodak's revenue has shown a declining trend over the years, with a significant drop from 2022 to 2023. Despite this, the company managed to turn a profit in 2024 with a net income of $102 million, compared to $75 million in 2023. However, the EBIT and EBITDA margins are concerning, as they declined significantly in 2024, indicating challenges in operational efficiency.

Balance Sheet

Neutral

Kodak's balance sheet reflects a stable equity base with a moderate debt-to-equity ratio, decreasing significantly from 2023 to 2024. The equity ratio has remained relatively stable, suggesting a consistent reliance on equity financing. However, the overall assets have decreased, which may reflect divestitures or asset impairments.

Cash Flow

Neutral

The cash flow statement reveals negative operating cash flows in 2024, a reversal from positive cash flows in 2023. Free cash flow has also turned negative, which could strain liquidity if it continues. The company's ability to generate cash from its operations appears volatile, posing a risk to its financial stability.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
1.04B	1.12B	1.21B	1.15B	1.03B
	Gross Profit
203.00M	210.00M	170.00M	164.00M	135.00M
	EBIT
-9.00M	4.00M	81.00M	56.00M	35.00M
	EBITDA
197.00M	169.00M	100.00M	92.00M	-327.00M
	Net Income Common Stockholders
102.00M	75.00M	26.00M	24.00M	-544.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
201.00M	255.00M	217.00M	362.00M	196.00M
	Total Assets
2.00B	2.35B	2.29B	2.17B	1.25B
	Total Debt
1.00M	495.00M	363.00M	312.00M	80.00M
	Net Debt
-200.00M	240.00M	146.00M	-50.00M	-116.00M
	Total Liabilities
1.14B	1.21B	1.04B	1.19B	980.00M
	Stockholders Equity
641.00M	1.14B	1.24B	977.00M	268.00M
Cash Flow		Free Cash Flow
-7.00M	6.00M	-147.00M	-68.00M	-52.00M
	Operating Cash Flow
-7.00M	38.00M	-116.00M	-47.00M	-35.00M
	Investing Cash Flow
-39.00M	-32.00M	-56.00M	-20.00M	-13.00M
	Financing Cash Flow
-23.00M	85.00M	43.00M	238.00M	10.00M

Kodak Technical Analysis

Technical Analysis Sentiment

Positive

Last Price6.26

Price Trends

50DMA

6.79

Negative

100DMA

6.73

Negative

200DMA

5.91

Positive

Market Momentum

MACD

-0.20

Positive

RSI

40.22

Neutral

STOCH

26.24

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KODK, the sentiment is Positive. The current price of 6.26 is above the 20-day moving average (MA) of 6.21, below the 50-day MA of 6.79, and above the 200-day MA of 5.91, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 40.22 is Neutral, neither overbought nor oversold. The STOCH value of 26.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KODK.

Kodak Risk Analysis

Kodak disclosed 39 risk factors in its most recent earnings report. Kodak reported the most risks in the “Finance & Corporate” category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Kodak Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LZ	73 Outperform	$1.26B	42.57	22.86%	―	3.20%	130.57%
CASS	64 Neutral	$527.96M	28.18	8.36%	3.10%	3.13%	-36.13%
Sector *	62 Neutral	$7.62B	13.01	3.19%	3.32%	3.77%	-14.28%
KODK	57 Neutral	$489.24M	6.95	10.20%	―	-6.62%	37.82%
QUAD	47 Neutral	$260.17M	―	-60.09%	4.53%	-9.65%	6.43%
ACTG	44 Neutral	$279.61M	7.73	-6.66%	―	-2.23%	-180.29%

* Industrials Sector Average

Performance Comparison

KODK

Kodak

6.26

1.72

37.89%

ACTG

Acacia Research

2.91

-2.04

-41.21%

CASS

Cass Information Systems

39.29

-4.57

-10.42%

QUAD

Quad/Graphics

4.97

0.57

12.95%

LegalZoom

7.13

-5.29

-42.59%

Kodak Earnings Call Summary

Earnings Call Date: Mar 17, 2025 | % Change Since: -10.32% | Next Earnings Date: May 13, 2025

Earnings Call Sentiment Neutral

The earnings call presented a mix of positive highlights such as improved gross profit margins, increased net income, and growth in the AMC business. However, these were balanced by challenges like declining revenue and operational EBITDA, as well as increased costs. While there were significant positive developments, the ongoing revenue and operational profitability challenges suggest a balanced sentiment.

Highlights

Improved Gross Profit

Gross profit improved to 19% for the fourth quarter of 2024, up from 17% in the fourth quarter of 2023.

Increased Net Income

Net income for the fourth quarter of 2024 was $26 million, compared to $5 million in the prior year quarter, showing an increase of $21 million.

AMC Business Growth

The Advanced Materials & Chemicals (AMC) segment showed ongoing profit and revenue growth with investments in growth initiatives and increased production capacity.

Commercial Print Division Success

The PROSPER 7000 Turbo Press showcased strong performance at trade shows, and a tariff petition process conclusion establishes a level playing field in the U.S. market.

Pension Plan Termination

The Board approved the termination of the Kodak Retirement Income Plan (KRIP) effective March 31, 2025, which is expected to reduce long-term debt and associated costs.

Lowlights

Decline in Revenue

Fourth quarter 2024 revenue was $266 million, down from $275 million in the fourth quarter of 2023, a decrease of 3%.

Full-Year Revenue Decline

Full-year 2024 revenue was $1.043 billion, compared to $1.117 billion in 2023, a decline of 7%.

Operational EBITDA Decline

Operational EBITDA for 2024 was $26 million, compared to $45 million in 2023, a decline of 42%.

Higher Costs Impact

Operational EBITDA was impacted by higher aluminum costs, litigation costs, and an inventory reserve adjustment totaling $8 million.

Company Guidance

During the Eastman Kodak Fourth Quarter and Full-Year 2024 Earnings Call held on March 17, 2025, the company reported several key financial metrics. For Q4 2024, Kodak's revenue was $266 million, down from $275 million in the same period the previous year, but the decline rate is slowing. The gross profit margin increased to 19% from 17% in Q4 2023, indicating improved operational efficiency. Full-year 2024 revenues were $1.043 billion, compared to $1.117 billion in 2023, with the gross profit margin remaining steady at 19% despite global challenges. Net income for Q4 2024 was $26 million, a significant increase from $5 million in Q4 2023, while operational EBITDA for the quarter rose to $9 million from $2 million in the previous year. The year-end cash balance was $201 million, a decrease from $214 million at the end of Q3 2024. The company is focusing on strategic investments in Advanced Materials & Chemicals (AM&C), expanding manufacturing capacity, and planned termination of the Kodak Retirement Income Plan to reduce long-term debt.

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.