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Eastman Kodak Company (KODK) Report Analysis

Corporate Events

Negative

Eastman Kodak Company(NYSE:KODK) dropped from R...

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell Small Cap Comp Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from R...

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 2000 Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from R...

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 3000 Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from R...

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 2500 Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from R...

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 3000E Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from R...

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell Microcap Growth Index

Neutral

Eastman Kodak Company, Q1 2022 Earnings Call, M...

2022-05-04 15:32:00

Eastman Kodak Company, Q1 2022 Earnings Call, May 10, 2022

Neutral

Eastman Kodak Company - Shareholder/Analyst Call

2022-04-06 13:00:00

AGM

Neutral

Eastman Kodak Company, Annual General Meeting, ...

2022-04-06 13:00:00

Eastman Kodak Company, Annual General Meeting, May 18, 2022, at 13:00 US Eastern Standard Time. Agenda: To consider election of the seven dire...

Neutral

Eastman Kodak Company, Q3 2021 Earnings Call, N...

2021-11-02 15:44:00

Eastman Kodak Company, Q3 2021 Earnings Call, Nov 09, 2021

Neutral

Eastman Kodak Company has filed a Shelf Registr...

2021-08-10 00:00:00

Eastman Kodak Company has filed a Shelf Registration in the amount of $37.05 million. Security Name: Common Stock Securities Offered: 5,00...

Neutral

Eastman Kodak Company, Q2 2021 Earnings Call, A...

2021-08-03 16:55:00

Eastman Kodak Company, Q2 2021 Earnings Call, Aug 10, 2021

Negative

Eastman Kodak Company(NYSE:KODK) dropped from Russell Small Cap Comp Growth Index

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell Small Cap Comp Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from Russell 2000 Growth Index

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 2000 Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from Russell 3000 Growth Index

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 3000 Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from Russell 2500 Growth Index

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 2500 Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from Russell 3000E Growth Index

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell 3000E Growth Index

Negative

Eastman Kodak Company(NYSE:KODK) dropped from Russell Microcap Growth Index

2022-06-24 00:00:00

Eastman Kodak Company(NYSE:KODK) dropped from Russell Microcap Growth Index

Neutral

Eastman Kodak Company, Q1 2022 Earnings Call, May 10, 2022

2022-05-04 15:32:00

Eastman Kodak Company, Q1 2022 Earnings Call, May 10, 2022

Neutral

Eastman Kodak Company - Shareholder/Analyst Call

2022-04-06 13:00:00

AGM

Neutral

Eastman Kodak Company, Annual General Meeting, May 18, 2022

2022-04-06 13:00:00

Eastman Kodak Company, Annual General Meeting, May 18, 2022, at 13:00 US Eastern Standard Time. Agenda: To consider election of the seven director nominees named in the Proxy Statement for a term of one year or until their successors are duly elected and qualified; to consider advisory vote to approve the compensation of its named executive officers; to consider ratification of the Audit and Finance Committee’s selection of Ernst & Young LLP as its independent registered public accounting firm; and to consider such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.

Neutral

Eastman Kodak Company, Q3 2021 Earnings Call, Nov 09, 2021

2021-11-02 15:44:00

Eastman Kodak Company, Q3 2021 Earnings Call, Nov 09, 2021

Neutral

Eastman Kodak Company has filed a Shelf Registration in the amount of $37.05 million.

2021-08-10 00:00:00

Eastman Kodak Company has filed a Shelf Registration in the amount of $37.05 million. Security Name: Common Stock Securities Offered: 5,000,000 Transaction Features: ESOP Related Offering

Neutral

Eastman Kodak Company, Q2 2021 Earnings Call, Aug 10, 2021

2021-08-03 16:55:00

Eastman Kodak Company, Q2 2021 Earnings Call, Aug 10, 2021

Fundamental Summary

Eastman Kodak's financial reports for Q1 showed some underwhelming results. Their negative income, growth, and value factors indicate that the company is finding it increasingly difficult to produce impressive numbers. These results suggest a challenging future for Eastman Kodak's stock. Correspondingly, Eastman Kodak received a ranking of 58 and a UNDERPERFORM recommendation.

Eastman Kodak reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 234 million compared to USD 209 million a year ago. Revenue was USD 290 million compared to USD 265 million a year ago. Net loss was USD 3 million compared to net income of USD 6 million a year ago.

Business Description

Eastman Kodak 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 was founded in 1880 and is headquartered in Rochester, New York.

Sector Overview

Eastman Kodak is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. Eastman Kodak's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2,187.0 0.7% 70
Liabilities 1,207.0 1.1% 67
Price to Book 0.5 0.6% 66
Cash & Equivalents 309.0 -14.6% 53
Equity 782.0 0.1% 55
EBITDA 113.0 0.0% 61
Total Revenues 1,175.0 2.2% 75
Parameter Value Change Score
Return on Equity 2.4 -39.0% 49
Net Cashflow -103.0 -161.7% 84
Capital Expenditure -25.0 -19.0% 50
Asset Turnover 0.6 -5.0% 54
Free Cashflow -1.3 -36.9% 50

* All values are TTM

The below chart reflects Eastman Kodak's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Eastman Kodak's peer average final assessment score stands on 72.0, Eastman Kodak's score is 58.

  •  KODK
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 0 1
HP Inc. 36.5B 95 73 57
Buy
82
82 1 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 2 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 3 1
3D Systems Corporation 1.3B 45 67 55
Underperform
50
50 4 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 5 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 6 1
Apple Inc. 2.3T 53 74 84
Hold
75
75 7 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 8 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 9 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 10 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 11 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 12 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 13 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 14 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 15 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 16 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 17 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 18 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 19 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Eastman Kodak's stock is now priced above its 50-day, but below its 5-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Eastman Kodak's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 5.32
52W Low 3.64
52W High 8.81
5D MA 5.44
50D MA 5.02
200D MA 5.55
MACD 0.15
RSI 4.41
STOCH 70.34

Balance Sheet Analysis

Several numbers from Eastman Kodak's current balance sheet were concerning, in two areas in particular: Cash & Equivalents and Equity. Eastman Kodak did a poor job related to managing cash and cash equivalents this period, which stood at 309.0, representing a -14.6% change from the previous filing. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Its cash and cash equivalents movement, therefore, received a grade of 53. Also, Eastman Kodak reported weak equity changes momentum this period. At filing, equity was reported as 782.0, representing 0.1% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. Their equity metrics appear unremarkable relative to their peers. Its equity movement component, therefore, received a grade of 55. That said, one metric, Assets, stood out as strongly positive. Eastman Kodak assets on their balance sheet, moved to 2187.0, which is a 0.7% change from the last period. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. The company's asset component, therefore, received a grade of 70. Therefore, the company's balance sheet earned a grade of 58.

Parameter Value Change Score
Assets 2,187.0 0.7% 70
Liabilities 1,207.0 1.1% 67
Price to Book 0.5 0.6% 66
Cash & Equivalents 309.0 -14.6% 53
Equity 782.0 0.1% 55
* All values are TTM

The below chart describes Eastman Kodak's performance as reflected on its balance sheet with respect to its peers. While Eastman Kodak received a balance sheet score of 58, the average of its peers stands on 65.0.

  •  KODK
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 0 1
HP Inc. 36.5B 71 73 97 91 92 95 1 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 2 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 3 1
3D Systems Corporation 1.3B 57 80 46 38 45 45 4 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 5 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 6 1
Apple Inc. 2.3T 50 80 60 46 56 53 7 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 8 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 9 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 10 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 11 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 12 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 13 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 14 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 15 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 16 1
Canaan Inc. 600.4M 76 62 88 67 83 81 17 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 18 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 19 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 20 1

Income Statement Analysis

Eastman Kodak's income statement showed strong financials, specifically Revenue Efficiency and EBITDA. Eastman Kodak did an excellent job managing its revenue efficiency this past period. Eastman Kodak's revenue efficiency is 1175.0 according to the metrics in the current filing, which represents a 2.2% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 75. Also, Eastman Kodak's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 113.0, which represents a 0.0% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 61. That said, one metric, Return Factors, stood out as strongly negative. In this filing, Eastman Kodak reported a return on equity (ROE) ratio of 2.4, which represents a growth of -39.0%. This metric might have a 3.1 percent impact on companies in the same industry and with the same market capitalization. The company's return factor metrics return on equity and return on assets are even more concerning when compared to their peers. Its return factors (ROA & ROE) components, therefore, received a grade of 49. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 68.

Parameter Value Change Score
EBITDA 113.0 0.0% 61
Total Revenues 1,175.0 2.2% 75
Return on Equity 2.4 -39.0% 49
* All values are TTM

The below chart describes Eastman Kodak's performance as reflected on its income statement with respect to its peers. While Eastman Kodak received a income statement score of 68 , the average of its peers stands on 77.0.

  •  KODK
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Dell Technologies Inc. 37.2B 68 65 82 69 0 1
HP Inc. 36.5B 81 61 64 73 1 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 2 1
Pure Storage, Inc. 8.0B 46 97 96 71 3 1
3D Systems Corporation 1.3B 91 38 42 67 4 1
IonQ, Inc. 957.0M 37 47 61 43 5 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 6 1
Apple Inc. 2.3T 76 67 79 74 7 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 8 1
Western Digital Corporation 14.9B 80 83 71 82 9 1
NetApp, Inc. 14.9B 76 63 52 70 10 1
Xerox Holdings Corporation 2.5B 88 46 45 69 11 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 12 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 13 1
Stratasys Ltd. 1.3B 61 48 81 58 14 1
Avid Technology, Inc. 1.2B 79 68 69 75 15 1
Nano Dimension Ltd. 834.0M 37 46 73 45 16 1
Canaan Inc. 600.4M 38 93 77 64 17 1
CompoSecure, Inc. 441.4M 51 69 53 58 18 1
Coolpad Group Limited 275.6M 98 58 63 80 19 1
Turtle Beach Corporation 227.4M 96 41 42 69 20 1

Cash Flow Analysis

Results from Eastman Kodak's current financials were concerning, in two areas in particular: Capital Expenditure and Free Cash flow. Eastman Kodak's management was ineffective in materially improving CapEx, which now sits at -25.0 and represents a -19.0% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Consequently, their CapEx movement received a grade of 50. Also, Eastman Kodak's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Eastman Kodak recorded free cash flow of -1.3, which represents -36.9% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. Their free cash flow situation is more concerning relative to their peers and competitors. Its free cash flow movement, therefore, received a grade of 50. On the other hand, Net Cash Flow, jumped out as looking rather positive. Eastman Kodak's management was effective in improving their net cash flow, which now sits at -103.0 and represents a -161.7% change from the previous report. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Consequently, their net cash flow movement received a grade of 84. Therefore, the company's cash flow earned a grade of 57.

Parameter Value Change Score
Net Cashflow -103.0 -161.7% 84
Capital Expenditure -25.0 -19.0% 50
Asset Turnover 0.6 -5.0% 54
Free Cashflow -1.3 -36.9% 50
* All values are TTM

The below chart describes Eastman Kodak's performance as reflected on its cash flow with respect to its peers. While Eastman Kodak received a cash flow score of 57, the average of its peers stands on 69.0.

  •  KODK
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Dell Technologies Inc. 37.2B 68 50 68 85 72 0 1
HP Inc. 36.5B 56 59 60 59 57 1 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 2 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 3 1
3D Systems Corporation 1.3B 58 40 61 65 55 4 1
IonQ, Inc. 957.0M 69 66 54 98 82 5 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 6 1
Apple Inc. 2.3T 76 75 68 91 84 7 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 8 1
Western Digital Corporation 14.9B 65 82 54 70 70 9 1
NetApp, Inc. 14.9B 77 58 37 53 55 10 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 11 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 12 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 13 1
Stratasys Ltd. 1.3B 83 37 77 51 55 14 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 15 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 16 1
Canaan Inc. 600.4M 67 69 73 46 57 17 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 18 1
Coolpad Group Limited 275.6M 59 74 79 43 58 19 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 20 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.