Eastman Kodak Company (KODK) vs Quad Graphics, Inc (QUAD)

Eastman Kodak Company and Quad Graphics, Inc are both Specialty Business Services companies. Eastman Kodak Company is the larger, with a market value of $931.0M against $476.9M — 2.0× the size. Eastman Kodak Company has negative trailing earnings, so its P/E is not meaningful; Quad Graphics, Inc trades at 14.5×. Eastman Kodak Company grew revenue faster over the last twelve months: 9.45% against −8.02%. Quad Graphics, Inc has the higher net margin (1.31% vs −10.8%) and the higher return on invested capital (11.6% vs 4.51%). Across the 20 metrics below, Eastman Kodak Company leads on 10 and Quad Graphics, Inc on 10.

Valuation

Metric KODK QUAD Specialty Business Services median
P/E n/m 14.51 23.86
P/S 0.82 0.19 1.06
P/B 1.49 3.63 2.37
Price to free cash flow 2.03 5.51 16.54
EV/EBITDA 12.50 5.03 11.51
EV/Sales 0.66 0.36 1.51
Earnings yield (14.62%) 6.89% 2.14%
Free cash flow yield 49.35% 18.14% 1.55%

Profitability

Metric KODK QUAD Specialty Business Services median
Gross margin 24.14% 21.64% 35.31%
Operating margin 2.47% 4.05% 3.43%
Net margin (10.84%) 1.31% 1.67%
Free cash flow margin 40.44% 3.45% 3.28%
Return on equity (21.37%) 29.48% 0.58%
Return on assets (7.11%) 2.56% 0.33%
Return on invested capital 4.51% 11.61% 0.65%

Growth

Metric KODK QUAD Specialty Business Services median
Revenue growth (TTM) 9.45% (8.02%) 6.04%
EPS growth (last fiscal year) (297.78%) 150.47% —
Revenue growth, 5-year CAGR 0.77% (3.75%) 7.66%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric KODK QUAD Specialty Business Services median
Debt to equity 0.18 3.21 0.21
Current ratio 2.91 0.87 1.62
Net debt to EBITDA (4.41) 1.73 1.16

Dividend

Metric KODK QUAD Specialty Business Services median
Dividend yield — — 1.61%
Payout ratio 0.00 0.00 0.00

Size

Metric KODK QUAD Specialty Business Services median
Market cap 931.03m 476.88m 879.14m

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