Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Eastman Chemical Co's Enterprise Value is $16,028 Mil.
Eastman Chemical Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $1,330 Mil. Therefore, Eastman Chemical Co's EV-to-EBIT ratio for today is 12.05.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Eastman Chemical Co's Enterprise Value is $16,028 Mil.
Eastman Chemical Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $1,814 Mil. Therefore, Eastman Chemical Co's EV-to-EBITDA ratio for today is 8.84.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Eastman Chemical Co's Enterprise Value is $16,028 Mil.
Eastman Chemical Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $9,108 Mil. Therefore, Eastman Chemical Co's EV-to-Revenue ratio for today is 1.76.
Eastman Chemical Co Enterprise Value Historical Data
The historical data trend for Eastman Chemical Co's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Eastman Chemical Co's Enterprise Value
For the Specialty Chemicals subindustry, Eastman Chemical Co's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eastman Chemical Co's Enterprise Value Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Eastman Chemical Co's Enterprise Value falls into.
Eastman Chemical Co Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Eastman Chemical Co's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eastman Chemical Co (NYSE:EMN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Eastman Chemical Co's current Enterprise Value is $16,028 Mil.
Eastman Chemical Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,330 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Eastman Chemical Co's current Enterprise Value is $16,028 Mil.
Eastman Chemical Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,814 Mil.
Eastman Chemical Co's current Enterprise Value is $16,028 Mil.
Eastman Chemical Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,108 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Eastman Chemical Co Enterprise Value Related Terms
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Eastman Chemical Co (Eastman Chemical Co) Business Description
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
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