Kodak (KODK) AI Stock Analysis

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Kodak

(NYSE:KODK)

Rating:49Neutral

Price Target:

$6.00

▲(2.74%Upside)

Kodak's overall stock score is driven by financial and operational challenges, including declining revenues, profitability issues, and weak technical indicators. While valuation is reasonable and corporate governance is positively perceived, these factors are outweighed by financial performance concerns, leading to a cautious outlook.

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

Market Cap

$456.40M

Dividend YieldN/A

Average Volume (3M)1.51M

Price to Earnings (P/E)12.1

Beta (1Y)1.73

Revenue Growth-4.32%

EPS Growth-22.48%

CountryUS

Employees3,900

SectorIndustrials

Sector Strength92

IndustrySpecialty Business Services

Share Statistics

EPS (TTM)-0.12

Shares Outstanding80,779,050

10 Day Avg. Volume1,185,669

30 Day Avg. Volume1,509,939

Financial Highlights & Ratios

PEG Ratio0.19

Price to Book (P/B)0.50

Price to Sales (P/S)0.00

P/FCF Ratio-18.14

Enterprise Value/Market Cap1.61

Enterprise Value/Revenue0.17

Enterprise Value/Gross Profit3.61

Enterprise Value/Ebitda1.19

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 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 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 Earnings Call Summary

Earnings Call Date:May 08, 2025

(Q1-2025)

% Change Since: -12.84%|

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 shows some financial strengths, such as a positive net income in 2024 and a stable equity ratio, but faces challenges with declining revenue, negative cash flow, and reduced operational margins, raising concerns about future growth and stability.

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
499.00M	495.00M	363.00M	312.00M	80.00M
	Net Debt
298.00M	240.00M	146.00M	-50.00M	-116.00M
	Total Liabilities
1.14B	1.21B	1.04B	1.19B	980.00M
	Stockholders Equity
859.00M	1.14B	1.24B	977.00M	268.00M
Cash Flow		Free Cash Flow
-63.00M	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

Negative

Last Price5.84

Price Trends

50DMA

6.13

Negative

100DMA

6.59

Negative

200DMA

6.05

Negative

Market Momentum

MACD

-0.13

Positive

RSI

44.45

Neutral

STOCH

39.72

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KODK, the sentiment is Negative. The current price of 5.84 is below the 20-day moving average (MA) of 6.10, below the 50-day MA of 6.13, and below the 200-day MA of 6.05, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 39.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 3 New Risks

Kodak's ability to receive reversion proceeds from the termination and liquidation of the Kodak Retirement Income Plan (KRIP), if any, and the amount and timing of such receipts, are subject to factors beyond Kodak's control. Q4, 2024

Kodak is exposed to risks associated with expanding into related or new markets and industries. Q4, 2024

Emerging issues related to the development and use of artificial intelligence ("AI") could give rise to legal or regulatory action, damage our reputation, or otherwise materially harm our business. Q4, 2024

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
LZ	75 Outperform	$1.65B	53.56	17.09%	―	3.25%	56.17%
Sector *	65 Neutral	$4.44B	12.22	5.28%	248.14%	4.08%	-12.12%
CASS	61 Neutral	$564.79M	27.64	8.87%	2.88%	-1.70%	-29.97%
ACTG	61 Neutral	$362.57M	7.73	-2.09%	―	65.22%	-133.47%
QUAD	55 Neutral	$291.53M	―	-19.25%	4.34%	-7.00%	71.30%
KODK	49 Neutral	$456.40M	12.12	6.47%	―	-4.32%	-22.48%
YSXT		$147.64M	―		―	―	―

* Industrials Sector Average

Performance Comparison

KODK

Kodak

5.84

0.15

2.64%

ACTG

Acacia Research

3.72

-1.58

-29.81%

CASS

Cass Information Systems

41.80

0.65

1.58%

QUAD

Quad/Graphics

5.75

0.95

19.79%

LegalZoom

9.21

0.71

8.35%

YSXT

YSX Tech Co., Ltd Class A

7.60

3.57

88.59%

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

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.