Eastman Kodak Company Common New (KODK)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I seek understandable businesses with durable earnings and a margin of safety. Kodak is a commercial print and advanced materials company, and FairStock classifies it as a turnaround - a loss in the latest year after earlier profits. In fiscal 2025, the year ended 2025-12-31, revenue was $1.1B and net income was -$128.0M, or diluted EPS -$1.78. That followed net income of $102.0M in fiscal 2024, the year ended 2024-12-31, and $75.0M in fiscal 2023, the year ended 2023-12-31. The latest reported quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $311.0M and net income of $17.0M, but fiscal Q1 2026 ended 2026-03-31 had a net loss of $16.0M. So the trajectory is not smooth. Financial health is mixed: debt-to-equity is only 0.21, but the FairStock Altman Z-Score of 0.82 points to distress risk, and FairStock's ROCE is 5.38%. The Piotroski F-Score of 7/9 suggests some improvement. FairStock calculations at the 2026-10-13 close of $9.20 show P/B of 1.45, P/E of -6.72, and EV/EBITDA of 58.36. The striking figure is trailing free cash flow of $464.0M, a FairStock-calculated FCF yield of 51.5% on a $900.7M market cap. That could be a cigar butt with a few puffs if the cash is recurring, but in print and specialty materials I see no clear durable moat. I would want proof that the cash flow is sustainable before trusting the low price.

In plain English: Eastman Kodak makes printing equipment, inks, and specialized materials for businesses. The business looks uneven: it lost money in the latest full year but earned a profit in the latest reported quarter, and it generates a lot of cash compared with the value of all its shares. At $9.20 a share, the price is hard to call cheap because profits are not steady, though it is not obviously expensive relative to the cash the business is producing.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer