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Eastman Chemical Co (BSP:E1MN34) Cyclically Adjusted Price-to-FCF : 15.45 (As of Jun. 10, 2024)


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What is Eastman Chemical Co Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), Eastman Chemical Co's current share price is R$254.02. Eastman Chemical Co's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$16.44. Eastman Chemical Co's Cyclically Adjusted Price-to-FCF for today is 15.45.

The historical rank and industry rank for Eastman Chemical Co's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:E1MN34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.39   Med: 18.17   Max: 37.63
Current: 13.77

During the past years, Eastman Chemical Co's highest Cyclically Adjusted Price-to-FCF was 37.63. The lowest was 7.39. And the median was 18.17.

BSP:E1MN34's Cyclically Adjusted Price-to-FCF is ranked better than
70.83% of 576 companies
in the Chemicals industry
Industry Median: 24.075 vs BSP:E1MN34: 13.77

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Eastman Chemical Co's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-4.255. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$16.44 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastman Chemical Co Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Eastman Chemical Co's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Eastman Chemical Co Cyclically Adjusted Price-to-FCF Chart

Eastman Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.36 16.41 16.82 11.02 12.13

Eastman Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.35 11.26 10.25 12.13 13.36

Competitive Comparison of Eastman Chemical Co's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Eastman Chemical Co's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Eastman Chemical Co's Cyclically Adjusted Price-to-FCF falls into.



Eastman Chemical Co Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Eastman Chemical Co's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=254.02/16.44
=15.45

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Eastman Chemical Co's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-4.255/131.7762*131.7762
=-4.255

Current CPI (Mar. 2024) = 131.7762.

Eastman Chemical Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 2.121 100.560 2.779
201409 3.165 100.428 4.153
201412 2.635 99.070 3.505
201503 -0.357 99.621 -0.472
201506 4.674 100.684 6.117
201509 2.710 100.392 3.557
201512 4.508 99.792 5.953
201603 -0.733 100.470 -0.961
201606 4.253 101.688 5.511
201609 3.391 101.861 4.387
201612 1.577 101.863 2.040
201703 -0.860 102.862 -1.102
201706 3.208 103.349 4.090
201709 3.972 104.136 5.026
201712 4.946 104.011 6.266
201803 -1.846 105.290 -2.310
201806 4.282 106.317 5.307
201809 3.722 106.507 4.605
201812 8.195 105.998 10.188
201903 -1.521 107.251 -1.869
201906 4.574 108.070 5.577
201909 4.574 108.329 5.564
201912 8.191 108.420 9.956
202003 1.253 108.902 1.516
202006 6.424 108.767 7.783
202009 7.211 109.815 8.653
202012 5.415 109.897 6.493
202103 2.437 111.754 2.874
202106 5.791 114.631 6.657
202109 8.169 115.734 9.301
202112 3.858 117.630 4.322
202203 -1.866 121.301 -2.027
202206 2.117 125.017 2.231
202209 1.972 125.227 2.075
202212 5.468 125.222 5.754
202303 -3.873 127.348 -4.008
202306 3.429 128.729 3.510
202309 5.769 129.860 5.854
202312 5.595 129.419 5.697
202403 -4.255 131.776 -4.255

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Eastman Chemical Co  (BSP:E1MN34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Eastman Chemical Co Cyclically Adjusted Price-to-FCF Related Terms

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Eastman Chemical Co (BSP:E1MN34) Business Description

Industry
Traded in Other Exchanges
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
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.

Eastman Chemical Co (BSP:E1MN34) Headlines

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