What is Eastman Kodak Co worth?
With the base-case assumptions below, a discounted cash flow model on Eastman Kodak Co's reported free cash flow gives $76.93 per share. The share price was $8.47 on November 10, 2026, 89% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -4.0% | 10.0% | $48.84 | +477% |
| Base | 1.0% | 9.0% | $76.93 | +808% |
| Bull | 6.0% | 8.0% | $129.37 | +1,427% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $96.49 | $102.38 | $109.57 | $118.55 | $130.11 |
| 8.0% | $81.96 | $85.78 | $90.28 | $95.70 | $102.31 |
| 9.0% | $71.31 | $73.92 | $76.93 | $80.44 | $84.59 |
| 10.0% | $63.17 | $65.02 | $67.12 | $69.53 | $72.30 |
| 11.0% | $56.74 | $58.10 | $59.62 | $61.33 | $63.27 |
Where the presets come from
Base: years 1 to 5 grow at Eastman Kodak Co's revenue growth rate over the last 5 fiscal years (0.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions