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Eastman Kodak Company (KODK)
NYSE:KODK
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Kodak
(NYSE:KODK)
52Neutral
Kodak (KODK) vs. S&P 500 (SPY)
Market Cap
$533.86M
Dividend YieldN/A
Average Volume (3M)1.03M
Price to Earnings (P/E)9.5
Beta (1Y)1.65
Revenue Growth-8.28%
EPS Growth2.53%
CountryUS
Employees4,000
SectorIndustrials
Sector Strength69
IndustryCorporate Services
Share Statistics
EPS (TTM)0.70
Shares Outstanding80,400,000
10 Day Avg. Volume840,001
30 Day Avg. Volume1,027,867
Financial Highlights & Ratios
PEG Ratio3.76
Price to Book (P/B)N/A
Price to Sales (P/S)0.50
Price to Cash Flow (P/CF)-6.30
P/FCF Ratio0.00
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, Kodak has evolved from a historical leader in photographic film to a broader technology company serving imaging needs. Its core sectors include traditional printing, commercial printing, packaging, and professional services. Kodak offers a wide range of products and services including digital printing solutions, advanced materials, and chemicals, as well as software and services for printing and publishing.
How the Company Makes MoneyKodak generates revenue through a diversified model primarily centered on its printing and imaging solutions. One key revenue stream is its Print Systems Division, which provides offset printing solutions, digital printing equipment, and related consumables to commercial print customers. This division includes the sale of printing plates, equipment, and services. Another significant source of income is the Enterprise Inkjet Systems Division, which offers high-speed inkjet presses and related consumables. Additionally, Kodak earns from its Advanced Materials and Chemicals Division, which produces specialty chemicals and functional printing technologies. The company also engages in licensing its brand and intellectual properties, contributing to its earnings. Strategic partnerships and collaborations, particularly in the fields of digital printing and advanced materials, further support Kodak's revenue generation.
Kodak Financial Statement Overview
Summary
Kodak's financial performance shows significant operational challenges with declining revenue and operational inefficiencies. The income statement highlights a 5.8% revenue decline and negative EBIT, while the balance sheet shows moderate leverage with a debt-to-equity ratio of 0.41. However, cash flow concerns are pronounced with negative free cash flow growth and low cash conversion.Income Statement
Kodak's income statement shows mixed performance. The company has experienced a decline in revenue over the TTM period by approximately 5.8% compared to the previous year. The gross profit margin is around 18.9%, which is relatively stable but indicates narrow profitability. The net profit margin of approximately 7% for the TTM period shows some profitability, yet EBIT is negative, reflecting operational challenges. EBITDA margin stands at 17.6%, providing a better picture of operational earnings before depreciation and interest costs.45
Neutral
Balance Sheet
The balance sheet reflects a strong equity base with a debt-to-equity ratio of 0.41 in the TTM period, which indicates moderate leverage. The equity ratio is 50.2%, suggesting that a significant portion of the company's assets are financed by equity. Return on equity is around 6.18%, showing moderate efficiency in generating profits from shareholders' investments.60
Neutral
Cash Flow
Kodak's cash flow statement indicates concerns, with negative free cash flow growth due to decreased operating cash flow compared to the previous period. The operating cash flow to net income ratio is notably low at 0.08, suggesting challenges in converting net income into cash. Free cash flow is negative, reflecting potential cash constraints.35
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.05B | 1.12B | 1.21B | 1.15B | 1.03B | 1.24B | Gross Profit |
| 199.00M | 210.00M | 170.00M | 164.00M | 135.00M | 182.00M | EBIT |
| -18.00M | 4.00M | 81.00M | 56.00M | 35.00M | 37.00M | EBITDA |
| 135.00M | 169.00M | 100.00M | 92.00M | -327.00M | 11.00M | Net Income Common Stockholders |
| 74.00M | 75.00M | 26.00M | 24.00M | -544.00M | -91.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 246.00M | 255.00M | 217.00M | 362.00M | 196.00M | 233.00M | Total Assets |
| 1.51B | 2.35B | 2.29B | 2.17B | 1.25B | 1.42B | Total Debt |
| 401.00M | 495.00M | 363.00M | 312.00M | 80.00M | 171.00M | Net Debt |
| 155.00M | 240.00M | 146.00M | -50.00M | -116.00M | -62.00M | Total Liabilities |
| 1.34B | 1.21B | 1.04B | 1.19B | 980.00M | 1.13B | Stockholders Equity |
| 170.00M | 1.14B | 1.24B | 977.00M | 268.00M | 281.00M |
| Cash Flow | Free Cash Flow | ||||
| -11.00M | 6.00M | -147.00M | -68.00M | -52.00M | -3.00M | Operating Cash Flow |
| 6.00M | 38.00M | -116.00M | -47.00M | -35.00M | 12.00M | Investing Cash Flow |
| -39.00M | -32.00M | -56.00M | -20.00M | -13.00M | 311.00M | Financing Cash Flow |
| -23.00M | 85.00M | 43.00M | 238.00M | 10.00M | -298.00M |
Kodak Technical Analysis
Neutral
6.68
Price Trends
7.04
Negative
6.43
Positive
5.83
Positive
Market Momentum
-0.17
Positive
43.98
Neutral
39.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KODK, the sentiment is Neutral. The current price of 6.68 is below the 20-day moving average (MA) of 7.07, below the 50-day MA of 7.04, and above the 200-day MA of 5.83, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 39.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $35.77B | 17.02 | 19.16% | 0.54% | -6.98% | 126.74% | |
62 Neutral | $8.17B | 12.83 | 0.26% | 3.07% | 3.83% | -16.44% | |
61 Neutral | $26.98B | 10.28 | 84.33% | 3.90% | 1.03% | -18.56% | |
56 Neutral | $250.30M | 7.25 | 29.19% | 2.13% | ― | ― | |
52 Neutral | $533.86M | 9.50 | 6.85% | ― | -8.28% | 2.53% | |
43 Neutral | $765.47M | ― | -65.36% | 16.37% | -9.70% | -5576.16% |
* Industrials Sector Average
Performance Comparison
KODK
Kodak
6.68
1.38
26.04%
HPQ
HP
28.47
-1.24
-4.17%
IMMR
Immersion
7.80
>-0.01
-0.13%
XRX
Xerox
6.05
-9.39
-60.82%
FJTSY
Fujitsu
20.02
3.31
19.81%
Kodak Earnings Call Summary
Earnings Call Date: Nov 12, 2024 | % Change Since: 21.45% | Next Earnings Date: Mar 17, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a mixed performance with significant investments and strategic advancements, particularly in tariff decisions and income growth, but also highlighted declines in revenue, gross profit, and operational EBITDA, indicating ongoing challenges.Highlights
ITC Plates Tariff Affirmative Decision
Kodak received an affirmative decision from the ITC on the plates tariff, ranging from 91.83% to 353.09%, allowing Kodak to compete on a level playing field without government interference in pricing.
Net Income Growth
Net income for the third quarter of 2024 increased to $18 million, up from $2 million in the prior year quarter, marking a growth of $16 million.
Advanced Materials & Chemicals Investments
Continued investment in Advanced Materials & Chemicals, including substrate coating for EVs, reagent facility build-out, and cGMP clean lab, driving productivity and growth.
Lowlights
Revenue Decline
Revenues decreased by $8 million or 3% for the third quarter of 2024 compared to the prior year quarter, with a notable slowdown but still reflecting a decline.
Gross Profit Decline
Gross profit decreased by $5 million or 10% in the third quarter, impacted by higher aluminum costs, inventory reserve adjustments, and changes in employee benefit reserves.
Operational EBITDA Decline
Operational EBITDA dropped to $1 million from $12 million in the prior year quarter, affected by higher manufacturing costs and litigation costs.
Company Guidance
During the Eastman Kodak Third Quarter 2024 Earnings Conference Call, CEO James Continenza and CFO David Bullwinkle outlined several key financial metrics and strategic initiatives. Kodak reported third-quarter revenues of $261 million, a 3% decrease from the previous year's $269 million, and a gross profit margin of 17%, down from 19% in Q3 2023. Net income increased to $18 million from $2 million in the prior year, reflecting a boost of $16 million, despite a decrease in operational EBITDA to $1 million from $12 million. The decline in revenue and profitability was attributed to higher aluminum costs and inventory reserve adjustments. Kodak's ongoing investments in Advanced Materials & Chemicals (AMC), including film, chemicals, and battery technology, aim to drive future growth. The company also highlighted a significant tariff ruling, which leveled the competitive field for its U.S. manufacturing operations. Kodak ended the quarter with $214 million in cash and cash equivalents, reflecting strategic investments and working capital adjustments.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.