Damon Warmack - Eastman Chemical President
| EMN Stock | USD 96.80 0.26 0.27% |
President
Mr. Damon Cary Warmack is Senior Vice President Corporationrationrate Development and Chemical Intermediates of the Company. He is Senior Vice President, Corporationrationrate Development. Mr. Warmack joined Eastman in 1980, working in a series of sales and product management positions. He was located in Taiwan, Hong Kong, Shanghai, and Singapore with a range of assignments including the establishment of Eastman commercial presence in China, joint venture development and management, and serving as Vice President and Managing Director, Asia Pacific. In addition, he served as Vice President and General Manager of Resins, Inks, and Monomers, leading the restructure and divestiture of this business. Mr. Warmack then served as Vice President and General Manager of the former CASPI segment and then of the former PCI segment. More recently, he had responsibility for corporate development and strategic planning, playing a lead role in the Company business portfolio transformation through acquisitions and divestitures, and became Senior Vice President of Corporationrationrate Development and CI in July 2016. As previously announced, Mr. Warmack is retiring midyear 2019 and was appointed to his current position effective January 2019 until his retirement. since 2016.
| Age | 60 |
| Tenure | 8 years |
| Address | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 |
| Phone | 423 229 2000 |
| Web | https://www.eastman.com |
Eastman Chemical Management Efficiency
The company has Return on Asset of 0.0456 % which means that on every $100 spent on assets, it made $0.0456 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1665 %, implying that it generated $0.1665 on every 100 dollars invested. Eastman Chemical's management efficiency ratios could be used to measure how well Eastman Chemical manages its routine affairs as well as how well it operates its assets and liabilities. As of the 24th of April 2024, Return On Capital Employed is likely to grow to 0.11, while Return On Tangible Assets are likely to drop 0.05. At this time, Eastman Chemical's Intangible Assets are very stable compared to the past year. As of the 24th of April 2024, Other Assets is likely to grow to about 622.3 M, while Total Assets are likely to drop about 10.2 B.Similar Executives
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Management Performance
| Return On Equity | 0.17 | |||
| Return On Asset | 0.0456 |
Eastman Chemical Leadership Team
Elected by the shareholders, the Eastman Chemical's board of directors comprises two types of representatives: Eastman Chemical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eastman. The board's role is to monitor Eastman Chemical's management team and ensure that shareholders' interests are well served. Eastman Chemical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eastman Chemical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Julie McAlindon, Senior Vice President Supply Chain, Regions and Transformation | ||
| David Golden, Chief Legal Officer, Sr. VP and Corporate Secretary | ||
| Charles Stevens, Independent Director | ||
| Kim Mink, Independent Director | ||
| Gregory Riddle, Vice President Investor Relations | ||
| J Kuijpers, MD Director | ||
| Mark Cox, Senior Vice President, Chief Manufacturing, Supply Chain, and Engineering Officer | ||
| Perry III, Chief VP | ||
| Damon Warmack, Senior Vice President - Corporate Development and Chemical Intermediates | ||
| Kellye Walker, Executive Vice President and Chief Legal Officer | ||
| Ronald Lindsay, COO | ||
| Clark Jordan, Vice President, Interim Chief Legal Officer and Corporate Secretary | ||
| Brett Begemann, Independent Director | ||
| Brad Lich, Executive Vice President, Chief Commercial Officer | ||
| Perry Stuckey, Senior Vice President Chief Human Resources Officer | ||
| Edward Doheny, Independent Director | ||
| Michael Chung, Senior Vice President Chief International Ventures Officer | ||
| Stephen Crawford, Executive Vice President, Chief Technology and Sustainability Officer | ||
| Michelle Stewart, Chief Accounting Officer, Vice President, Corporate Controller | ||
| Mark Costa, Chairman of the Board, Chief Executive Officer | ||
| Adrian Holt, Senior Officer | ||
| Gary Anderson, Independent Director | ||
| Travis Smith, Senior Products | ||
| Curtis Espeland, Chief Financial Officer, Executive Vice President | ||
| Lucian Boldea, Executive Vice President, Additives & Functional Products, Chemical Intermediates | ||
| Michael Connors, Independent Director | ||
| Scott King, Chief Accounting Officer, Vice President, Corporate Controller | ||
| Lewis Kling, Independent Director | ||
| Godefroy Motte, Senior Vice President - Integrated Supply Chain, Chief Regional and Sustainability Officer | ||
| Robert Hernandez, Director, Chairman of Health, Safety, Environmental and Security Committee, Member of Audit Committee and Member of Fin. Committee | ||
| James Brien, Independent Director | ||
| James OBrien, Independent Director | ||
| Renee Hornbaker, Independent Director | ||
| Vanessa Sutherland, Independent Director | ||
| William McLain, Chief Financial Officer, Senior Vice President | ||
| David Raisbeck, Lead Independent Director | ||
| Julie Holder, Independent Director | ||
| Stephen Demeritt, Lead Independent Director | ||
| Christopher Killian, Senior Vice President, Chief Technology Officer | ||
| Humberto Alfonso, Independent Director |
Eastman Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Eastman Chemical a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.17 | |||
| Return On Asset | 0.0456 | |||
| Profit Margin | 0.1 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 15.99 B | |||
| Shares Outstanding | 117.6 M | |||
| Shares Owned By Insiders | 0.66 % | |||
| Shares Owned By Institutions | 86.47 % | |||
| Number Of Shares Shorted | 2.18 M | |||
| Price To Earning | 9.60 X |
Eastman Chemical Investors Sentiment
The influence of Eastman Chemical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eastman. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Eastman Chemical's public news can be used to forecast risks associated with an investment in Eastman. The trend in average sentiment can be used to explain how an investor holding Eastman can time the market purely based on public headlines and social activities around Eastman Chemical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Eastman Chemical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eastman Chemical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eastman Chemical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eastman Chemical.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastman Chemical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastman Chemical's short interest history, or implied volatility extrapolated from Eastman Chemical options trading.
Pair Trading with Eastman Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.Moving together with Eastman Stock
| 0.88 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.87 | FF | FutureFuel Corp | PairCorr |
| 0.78 | ECVT | Ecovyst Financial Report 2nd of May 2024 | PairCorr |
Moving against Eastman Stock
| 0.61 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.
The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Eastman Stock analysis
When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.
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Is Eastman Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 311.047 | Dividend Share 3.18 | Earnings Share 7.49 | Revenue Per Share 77.656 | Quarterly Revenue Growth (0.07) |
The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.