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Eastman Kodak Company (KODK)
NYSE:KODK
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Kodak
(NYSE:KODK)
Rating:50Neutral
Price Target:
$6.00
▲(0.50%Upside)
Kodak (KODK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$464.48M
Dividend YieldN/A
Average Volume (3M)961.25K
Price to Earnings (P/E)11.8
Beta (1Y)1.70
Revenue Growth-4.32%
EPS Growth-22.48%
CountryUS
Employees3,900
SectorIndustrials
Sector Strength88
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.12
Shares Outstanding80,779,050
10 Day Avg. Volume811,783
30 Day Avg. Volume961,246
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.59
Price to Sales (P/S)0.00
P/FCF Ratio-5.74
Enterprise Value/Market Cap1.76
Enterprise Value/Revenue0.19
Enterprise Value/Gross Profit4.08
Enterprise Value/Ebitda1.55
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 referred to as Kodak, is a technology company focused on imaging-related products and services. Founded in 1888 and headquartered in Rochester, New York, Kodak operates in several sectors including digital printing, packaging, software, and professional services. Its core products and services encompass print systems, enterprise inkjet systems, micro 3D printing, and packaging solutions, as well as intellectual property licensing.
How the Company Makes MoneyKodak generates revenue through a diverse range of business segments. The Print Systems Division is one of the key revenue streams, offering digital and traditional products and services to commercial print and publishing industries. The Enterprise Inkjet Systems Division provides high-speed, high-volume inkjet presses for commercial printing. Kodak also earns from its Advanced Materials and Chemicals Division, which includes films, specialty chemicals, and functional printing technologies. The company leverages its intellectual property portfolio by licensing patents and technologies to other firms, adding a significant source of revenue. Partnerships and collaborations in technology development and distribution further contribute to Kodak's earnings.
Kodak Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: -10.90%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with significant investments and expansions in U.S. operations and ongoing demand in key areas like films and commercial print. However, this was counterbalanced by declines in revenue, gross profit, and a net loss compared to the previous year, along with reduced operational EBITDA and cash balance.Q1-2025 Updates
Positive Updates
Expansion in U.S. Operations
Kodak expanded its U.S. operations in the pharmaceutical and battery sectors, with ongoing investments in AM&C growth initiatives, including a new CGMP pharma manufacturing facility set to be online later this year.
Demand Increase for Film Products
Demand for various types of film, including motion picture and NDT, continues to grow, prompting investments in expanding film facility capacity.
Progress in Commercial Print Business
Transitioned from controlled introduction to controlled production of the PROSPER ULTRA 520 press, with several installations underway at customer sites.
U.S. Manufacturing Commitment
Kodak remains committed to U.S.-based manufacturing, maintaining operations for over 100 years, which reduces environmental impact and ensures high quality.
Pension Plan Update
The termination and settlement process for the U.S. pension plan (KRIP) is proceeding as planned, with potential use of reverted assets to reduce long-term debt.
Negative Updates
Decline in Revenue and Gross Profit
Revenue for Q1 2025 was $247 million, a decrease of $2 million or 1% compared to the previous year, with gross profit decreasing by $3 million or 6%.
Net Loss for the Quarter
Reported a net loss of $7 million for Q1 2025, compared to a net income of $32 million in the prior year quarter, a decrease of $39 million.
Decrease in Operational EBITDA
Operational EBITDA fell by $2 million compared to the prior year quarter, impacted by higher aluminum and manufacturing costs.
Cash Decrease
Cash balance decreased by $43 million from December 31, 2024, primarily due to continuing investments in AM&C growth initiatives and increased commodity and manufacturing costs.
Company Guidance
During the first quarter 2025 earnings call for Eastman Kodak, the company reported revenue of $247 million, a slight decrease from $249 million in the same quarter of 2024, while gross profit percentage remained relatively stable at 19% compared to 20% the previous year. The net loss for the quarter was $7 million, a significant drop from a net income of $32 million in the first quarter of 2024. Operational EBITDA decreased to $2 million from $4 million year-over-year, with higher aluminum and manufacturing costs partially offset by pricing increases and volume improvements. Kodak's cash balance at the end of the quarter was $158 million, down by $43 million since December 31, 2024, primarily due to investments in Advanced Materials and Chemicals (AM&C) growth initiatives and increased commodity costs. The company remains focused on expanding U.S. manufacturing, accessing excess pension fund assets to reduce debt, and continuing investment in growth initiatives.Kodak Financial Statement Overview
Summary
Kodak's financial performance shows mixed results with challenges in revenue decline, negative EBIT margin, and cash flow issues. Despite stable Gross Profit Margin and reasonable Debt-to-Equity Ratio, declining equity and negative cash flow highlight significant risks.Income Statement
Kodak's income statement reveals moderate challenges and mixed performance. The TTM shows a slight decrease in total revenue compared to the previous year, indicating a revenue growth rate of -0.19%. Gross Profit Margin remains stable at approximately 19.22% TTM, but the Net Profit Margin declined to 6.05% TTM. EBIT and EBITDA margins are weak, with EBIT Margin negative at -2.5% TTM, signaling operational inefficiencies. Kodak faces significant profitability challenges, although the Gross Profit Margin stability is a positive aspect.45
Neutral
Balance Sheet
Kodak's balance sheet is characterized by moderate stability with some concerns. The Debt-to-Equity Ratio is 0.65 TTM, which is reasonable, but the decreasing Stockholders' Equity raises concerns. The Equity Ratio is 40.42% TTM, indicating a fair level of asset financing through equity. Return on Equity (ROE) is 8.04% TTM, showing moderate effectiveness in generating returns from equity. A steady equity ratio is a strength, but declining equity suggests potential risk.50
Neutral
Cash Flow
Kodak's cash flow position is concerning, highlighted by negative Free Cash Flow of -$81 million TTM. The Operating Cash Flow to Net Income Ratio is -0.98 TTM, reflecting cash flow challenges despite reported net income. The Free Cash Flow to Net Income Ratio is -1.29 TTM, indicating cash flow issues relative to profitability. Although the company has managed to maintain some financing flexibility, negative cash flow metrics pose significant risks.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04B | 1.04B | 1.12B | 1.21B | 1.15B | 1.03B |
| Gross Profit | 200.00M | 203.00M | 210.00M | 170.00M | 164.00M | 135.00M |
| EBITDA | 82.00M | 197.00M | 169.00M | 100.00M | 92.00M | -327.00M |
| Net Income | 63.00M | 102.00M | 75.00M | 26.00M | 24.00M | -544.00M |
Balance Sheet | ||||||
| Total Assets | 1.94B | 2.00B | 2.35B | 2.29B | 2.17B | 1.25B |
| Cash, Cash Equivalents and Short-Term Investments | 158.00M | 201.00M | 255.00M | 217.00M | 362.00M | 196.00M |
| Total Debt | 509.00M | 499.00M | 495.00M | 363.00M | 312.00M | 80.00M |
| Total Liabilities | 1.15B | 1.14B | 1.21B | 1.04B | 1.19B | 980.00M |
| Stockholders Equity | 783.00M | 859.00M | 1.14B | 1.24B | 977.00M | 268.00M |
Cash Flow | ||||||
| Free Cash Flow | -81.00M | -63.00M | 6.00M | -147.00M | -68.00M | -52.00M |
| Operating Cash Flow | -62.00M | -7.00M | 38.00M | -116.00M | -47.00M | -35.00M |
| Investing Cash Flow | -53.00M | -39.00M | -32.00M | -56.00M | -20.00M | -13.00M |
| Financing Cash Flow | -7.00M | -23.00M | 85.00M | 43.00M | 238.00M | 10.00M |
Kodak Technical Analysis
Positive
5.97
Price Trends
6.02
Negative
6.35
Negative
6.11
Negative
Market Momentum
-0.06
Negative
53.56
Neutral
49.49
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 5.97 is above the 20-day moving average (MA) of 5.78, below the 50-day MA of 6.02, and below the 200-day MA of 6.11, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 49.49 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 44 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 (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.60B | 51.98 | 17.09% | ― | 3.25% | 56.17% | |
65 Neutral | $10.65B | 15.49 | 5.57% | 1.97% | 2.71% | -26.32% | |
61 Neutral | $590.51M | 28.90 | 8.87% | 2.81% | -1.70% | -29.97% | |
57 Neutral | $354.87M | 7.73 | -2.09% | ― | 65.22% | -133.47% | |
51 Neutral | $293.55M | ― | -19.25% | 5.17% | -7.00% | 71.30% | |
50 Neutral | $464.48M | 11.76 | 6.47% | ― | -4.32% | -22.48% |
* Industrials Sector Average
Performance Comparison
KODK
Kodak
5.97
0.57
10.56%
ACTG
Acacia Research
3.67
-1.49
-28.88%
CASS
Cass Information Systems
45.32
5.80
14.68%
QUAD
Quad/Graphics
5.69
0.27
4.98%
LZ
LegalZoom
9.00
0.84
10.29%
Kodak Corporate Events
Executive/Board ChangesShareholder Meetings
Kodak Shareholders Approve Leadership and Financial Oversight
Positive
May 27, 2025
On May 21, 2025, Eastman Kodak Company held its Annual Meeting of Shareholders virtually, with a quorum present for voting. Shareholders elected the company’s nominees for director, approved executive compensation, and ratified Ernst & Young LLP as the independent accounting firm, indicating continued shareholder support for the company’s leadership and financial oversight.
Private Placements and Financing
Kodak Enters $100 Million Sales Agreement with BofA
Neutral
May 21, 2025
On May 21, 2025, Eastman Kodak Company entered into a Sales Agreement with BofA Securities, Inc. to offer and sell up to $100 million of its common stock through at-the-market offerings. The proceeds from these sales are intended for general corporate purposes, with sales made at prevailing market prices. The agreement does not obligate Kodak or BofA to sell or buy shares, and Kodak has agreed to indemnify BofA against certain liabilities.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.