Kodak (KODK) AI Stock Analysis

• Market Cap: $734.57M
• Dividend Yield: N/A
• Average Volume (3M): 1.58M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: -0.67%
• EPS Growth: -141.58%
• Country: US
• Employees: 3,900
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -0.08
• Shares Outstanding: 96,400,000
• 10 Day Avg. Volume: 1,294,705
• 30 Day Avg. Volume: 1,578,509
• PEG Ratio: 0.20
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -8.35
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 1.00
• Enterprise Value/Gross Profit: 4.85
• Enterprise Value/Ebitda: 10.48
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: $9.00 ▲(2.39% Upside)

Kodak's overall stock score is driven by positive technical momentum and a significant corporate event that strengthens its financial position. However, financial performance and valuation concerns, including low profitability and a negative P/E ratio, weigh heavily on the score.

Positive Factors

Advanced Materials and Chemicals Growth

The growth in the AMC segment indicates successful diversification and investment, enhancing Kodak's revenue streams and market position.

Pharmaceutical Manufacturing Initiative

The FDA registration of the pharmaceutical facility opens new revenue opportunities, diversifying Kodak's business model and strengthening its market presence.

Pension Plan Reversion

The increased pension reversion amount will be used to reduce debt, improving Kodak's balance sheet and financial stability over the long term.

Negative Factors

Revenue Decline

The decline in revenue indicates challenges in maintaining sales growth, which could impact long-term profitability and market competitiveness.

Going Concern Doubts

Doubts about Kodak's ability to continue as a going concern highlight financial instability, posing risks to its long-term operations and investor confidence.

Operational Inefficiencies

Declining operational EBITDA suggests inefficiencies in operations, which could hinder profitability and competitiveness if not addressed.

Kodak Business Overview & Revenue Model

Company Description

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing, Digital Printing, Advanced Materials and Chemicals, and Brand. The Traditional Printing segment offers digital offset plate and computer-to-plate imaging solutions to commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, and packaging. The Digital Printing segment provides electrophotographic printing solutions, such as The ASCEND and NEXFINITY printers; prosper products, including the PROSPER 6000 Press, PROSPER Writing Systems, PROSPER press systems, and PROSPER components; versamark products; and PRINERGY workflow production software. The Advanced Materials and Chemicals segment engages in industrial film and chemicals, motion picture, and advanced materials and functional printing businesses. This segment also comprises the Kodak Research Laboratories, which conducts research, develops new product or new business opportunities, and files patent applications for its inventions and innovations, as well as manages licensing of its intellectual property to third parties. The Brand segment engages in the licensing of Kodak brand to third parties. The company engages in the operation of Eastman Business Park, a technology center and industrial complex. It sells its products and services through direct sales, third party resellers, dealers, channel partners, and distributors. Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York.

How the Company Makes Money

Kodak generates revenue through multiple streams including commercial printing solutions, which encompass technology and equipment for packaging and graphic arts. The company also earns money from its consumer products, including photographic paper and film. Additionally, Kodak has embraced digital transformation by offering imaging software and services, which contribute to its earnings. Partnerships with other businesses in the printing and packaging sectors enhance its market reach and revenue potential. Kodak's licensing of its brand and technology also represents a significant revenue stream, allowing it to monetize its intellectual property effectively.

Kodak Financial Statement Overview

Summary

Kodak's financial performance is challenged by low margins and negative cash flow trends. While there is some revenue growth and a balanced debt-to-equity ratio, the overall financial health is hindered by operational inefficiencies and cash flow issues.

Income Statement

Kodak's income statement shows mixed results. The TTM Gross Profit Margin is 20.67%, indicating moderate efficiency in production. However, the Net Profit Margin is low at 0.57%, reflecting challenges in converting revenue into profit. Revenue growth is positive at 0.77% TTM, but historical fluctuations suggest instability. The EBIT margin is negative, highlighting operational inefficiencies, while the EBITDA margin is slightly better at 7.94% TTM.

Balance Sheet

The balance sheet reveals a moderate financial position. The Debt-to-Equity Ratio is 0.65 TTM, indicating a balanced approach to leveraging. Return on Equity is low at 0.76% TTM, suggesting limited profitability from equity. The Equity Ratio stands at 41.49% TTM, showing a reasonable level of equity financing.

Cash Flow

Kodak's cash flow statement presents significant challenges. The Free Cash Flow Growth Rate is negative, indicating declining free cash flow. The Operating Cash Flow to Net Income Ratio is negative, reflecting cash flow issues. However, the Free Cash Flow to Net Income Ratio is high at 4.4 TTM, suggesting some ability to generate cash relative to net income.

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	216.00M	203.00M	213.00M	173.00M	164.00M	135.00M
EBITDA	100.00M	197.00M	195.00M	114.00M	87.00M	71.00M
Net Income	6.00M	102.00M	75.00M	26.00M	24.00M	-541.00M
Balance Sheet
Total Assets	2.08B	2.00B	2.35B	2.29B	2.17B	1.25B
Cash, Cash Equivalents and Short-Term Investments	168.00M	201.00M	255.00M	217.00M	362.00M	196.00M
Total Debt	549.00M	499.00M	495.00M	363.00M	312.00M	80.00M
Total Liabilities	1.21B	1.14B	1.21B	1.04B	1.19B	980.00M
Stockholders Equity	861.00M	859.00M	1.14B	1.24B	977.00M	268.00M
Cash Flow
Free Cash Flow	-50.00M	-63.00M	6.00M	-147.00M	-68.00M	-52.00M
Operating Cash Flow	-5.00M	-7.00M	38.00M	-116.00M	-47.00M	-35.00M
Investing Cash Flow	-40.00M	-39.00M	-32.00M	-56.00M	-20.00M	-13.00M
Financing Cash Flow	-5.00M	-23.00M	85.00M	43.00M	238.00M	10.00M

Kodak Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 8.79 is above the 20-day moving average (MA) of 7.72, above the 50-day MA of 6.98, and above the 200-day MA of 6.43, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 69.71 is Neutral, neither overbought nor oversold. The STOCH value of 75.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KODK.

Kodak Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ACTG	63 Neutral	$316.34M	―	0.90%	―	71.28%	-89.20%
KODK	60 Neutral	$734.57M	―	0.58%	―	-0.67%	-141.58%
CASS	60 Neutral	$564.32M	18.54	11.44%	2.90%	-4.96%	39.42%
QUAD	52 Neutral	$307.55M	14.76	27.91%	4.97%	-9.23%	―
SPIR	47 Neutral	$307.06M	15.80	39.87%	―	-16.52%	―

Kodak Corporate Events

Kodak Strengthens Balance Sheet with Pension Reversion

On December 2, 2025, Kodak completed the reversion process for $1.023 billion in excess pension assets from its Kodak Retirement Income Plan (KRIP), significantly strengthening its balance sheet. Approximately $767 million reverted to the company, with $312 million used to reduce term loans, lowering the balance to $200 million and enhancing Kodak’s financial position. The company has fully settled all pension obligations to KRIP participants and established a new defined benefit plan, the Kodak Cash Balance Plan (KCBP), for current U.S. employees. This strategic move reduces debt and interest expenses, allowing Kodak to focus on growth and value creation for stakeholders.

Kodak Finalizes Annuity Contract with Metropolitan Tower

On October 21, 2025, Eastman Kodak Company completed the purchase of an Annuity Contract and transferred assets from the Kodak Retirement Income Plan to Metropolitan Tower Life Insurance Company, following an agreement signed on October 14, 2025. This transaction is part of Kodak’s strategic financial management efforts, potentially impacting its financial stability and obligations to its retirement plan stakeholders.

Kodak Transfers $1.8 Billion Pension Obligations

On January 21, 2025, Kodak‘s Board of Directors approved the termination of the Kodak Retirement Income Plan (KRIP), effective March 31, 2025, ceasing further benefit accruals. By October 14, 2025, Kodak entered into an agreement to transfer approximately $1.8 billion of pension obligations to Metropolitan Tower Life Insurance Company via a nonparticipating single premium group annuity contract. This transaction, expected to close on October 21, 2025, will cover around 27,000 participants, ensuring continued benefit payments until early 2026 when the insurer assumes full responsibility. Additionally, Kodak settled $76 million in pension obligations through lump-sum payments to deferred vested participants on October 1, 2025, and plans to settle $157 million to active participants by November 1, 2025. Any remaining liabilities will be transferred to the Pension Benefit Guaranty Corporation, with surplus assets expected to be distributed by December 2025.