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Eastman Kodak Company (KODK)
NYSE:KODK
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Kodak
(NYSE:KODK)
51Neutral
Kodak (KODK) vs. S&P 500 (SPY)
Market Cap
$508.02M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)7.0
Beta (1Y)1.61
Revenue Growth-4.32%
EPS Growth-22.48%
CountryUS
Employees3,900
SectorIndustrials
Sector Strength82
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.12
Shares Outstanding80,765,630
10 Day Avg. Volume1,030,200
30 Day Avg. Volume1,128,054
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap2.20
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit5.51
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 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 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
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.55
Neutral
Balance Sheet
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.60
Neutral
Cash Flow
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.45
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| 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
Negative
5.39
Price Trends
6.32
Negative
6.72
Negative
5.97
Negative
Market Momentum
-0.03
Positive
36.76
Neutral
44.27
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 5.39 is below the 20-day moving average (MA) of 6.23, below the 50-day MA of 6.32, and below the 200-day MA of 5.97, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 36.76 is Neutral, neither overbought nor oversold. The STOCH value of 44.27 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 0 New Risks
Kodak Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $1.32B | 43.40 | 17.09% | ― | 3.25% | 56.17% | |
64 Neutral | $4.30B | 11.84 | 5.23% | 249.82% | 4.10% | -10.59% | |
61 Neutral | $556.50M | 27.09 | 8.87% | 2.89% | -1.70% | -29.97% | |
53 Neutral | $270.78M | ― | -19.25% | 3.87% | -7.00% | 71.30% | |
51 Neutral | $508.02M | 6.99 | 6.47% | ― | -4.32% | -22.48% | |
51 Neutral | $303.63M | 7.73 | -2.09% | ― | 65.22% | -133.47% |
* Industrials Sector Average
Performance Comparison
KODK
Kodak
5.39
0.66
13.95%
ACTG
Acacia Research
3.77
-1.39
-26.94%
CASS
Cass Information Systems
42.27
-0.92
-2.13%
QUAD
Quad/Graphics
5.82
1.30
28.76%
LZ
LegalZoom
9.03
-0.72
-7.38%
YSXT
YSX Tech Co., Ltd Class A
4.60
0.57
14.14%
Kodak Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: -19.55%|
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.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.