Eastman Kodak screens as cheap (forward P/E 12.0x, PEG 0.33) with strong earnings growth and a Piotroski score of 8/9, but concentration in prepress products and single-source suppliers plus only 9% upside to the analyst target leave a thin margin of safety.
Thesis pillars
- Improving Balance Sheet Weak Margins→Stable
- Cheap Valuation Strong Growth↓Deteriorating
- Prepress Product Concentration↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Mar 12, 2026
Eastman Kodak Company (KODK) Stock Analysis
Breakout setup · Inst Constrain edge
Industrials · Specialty Business Services
Sell if holding. At $9.42, A.R:R 0.9:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Prepress Solutions (52.0%); Concentration risk — Supplier: single or limited source suppliers.
Eastman Kodak is a global manufacturer of commercial print equipment and consumables, advanced materials and specialty chemicals, organized into Print, Advanced Materials and Chemicals, and Brand segments. Prepress Solutions, which sells aluminum offset printing plates on a... Read more
Sell if holding. At $9.42, A.R:R 0.9:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Prepress Solutions (52.0%); Concentration risk — Supplier: single or limited source suppliers. Chart setup: Golden cross, above all MAs, RSI 46, MACD bullish. Score 6.3/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Eastman Kodak Company
About Eastman Kodak Company
Eastman Kodak's Print segment — anchored by its Prepress Solutions business selling aluminum offset printing plates and CTP imaging equipment — generated 52% of the company's total net revenue in 2025, continuing a decline from 56% in 2023 as volumes and competitive pricing pressure weighed on the business. The Advanced Materials and Chemicals segment's Industrial Film and Chemicals line grew to 23% of revenue, up from 18% in 2023, while Kodak employed approximately 3,500 people across 27 countries.
Kodak's recurring-revenue model in Prepress rests on consumable plate sales — since offset printing requires a new plate for every run, printers under roughly two-year contracts buy replacement plates continuously, with KODAK SONORA Process-Free Plates removing the traditional chemical processing step. The Advanced Materials and Chemicals segment sells specialty chemicals, motion picture film and licensed analytical services, with Kodak Alaris — a spun-off photographic film and chemicals customer — representing about 33% of that segment's revenue in both 2025 and 2024. Kodak also licenses its namesake brand for cameras, eyewear, batteries and apparel through a separate Brand segment that generates royalty and upfront-payment revenue without Kodak manufacturing the underlying products. Lithographic aluminum, procured from several suppliers at prevailing market prices, is the primary raw material, while certain electronic components and specialty chemicals are sourced from single or limited suppliers.
Show full overview
Beyond Kodak Alaris's roughly one-third share of Advanced Materials and Chemicals revenue, Kodak's 10-K discloses that certain key electronic components and specialty chemicals used in its finished goods are obtained from single or limited sources, exposing the company to supply risk independent of its aluminum plate business. Kodak's aging manufacturing base compounds that exposure: the filing warns that its facilities and equipment are aged and, without extensive and timely upgrades, are increasingly prone to failures that could disrupt operations tied to both its Prepress and specialty chemicals lines.
See also: Industrials · Specialty Business Services
From Eastman Kodak Company's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — Eastman Kodak Company
Latest news
- NEWS Eastman Kodak Expands KODAK Pharmaceuticals Portfolio With U.S.-Made 0.9% Normal Saline And Launches Online Store For Li — benzinga Oct 28, 2026 positive
- NEWS Eastman Kodak Company Announces Third-Quarter 2026 Earnings Conference Call — fiscal.ai Oct 27, 2026 neutral
- NEWS AI Will Transform the World, but Legendary Investor Warns Its Arms Race Has a Familiar Trap — benzinga Sep 9, 2026 neutral
- NEWS 12 Information Technology Stocks Moving In Wednesday's Pre-Market Session — benzinga Aug 5, 2026 neutral
- NEWS CORRECTION: Eastman Kodak Q2 EPS $0.13 Up From $(0.36) YoY, Sales $311.000M Up From $263.000M YoY — benzinga Aug 4, 2026 positive
Generated 2026-10-29T12:33:45Z.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductPrepress Solutions52%10-K Item 1: 'Net sales for the Prepress Solutions business accounted for 52%, 54% and 56% of Kodak's total net revenue for the years ended December 31, 2025, 2024 and 2023, respectively.'
- MEDIUMCustomerKodak Alaris33%10-K Item 1: 'Kodak Alaris, a professional and consumer still photographic film and chemicals customer, represented approximately 33% of total Advanced Materials and Chemicals segment revenues'
- HIGHSuppliersingle or limited source suppliers10-K Item 1: 'are obtained from single or limited sources, which subjects Kodak to supply risks.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $9.42, A.R:R 0.9:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Prepress Solutions (52.0%); Concentration risk — Supplier: single or limited source suppliers. Chart setup: Golden cross, above all MAs, RSI 46, MACD bullish. Prior stop was $8.80. Score 6.3/10, moderate confidence.
Analyst target: $10.20 (+8.3% upside). Prior stop was $8.80. Stop-loss: $8.80.
Concentration risk — Product: Prepress Solutions (52.0%); Concentration risk — Supplier: single or limited source suppliers; Thin upside margin: 8.3%.
Eastman Kodak Company trades at a P/E of N/A (forward 12.1). TrendMatrix value score: 9.4/10. Verdict: Sell.
What does Eastman Kodak Company do?Eastman Kodak is a global manufacturer of commercial print equipment and consumables, advanced materials and specialty...
Eastman Kodak is a global manufacturer of commercial print equipment and consumables, advanced materials and specialty chemicals, organized into Print, Advanced Materials and Chemicals, and Brand segments. Prepress Solutions, which sells aluminum offset printing plates on a recurring-revenue model, generated 52% of total net revenue in 2025, while Kodak Alaris, a photographic film and chemicals customer, represented approximately 33% of Advanced Materials and Chemicals segment revenue.