Celanese Corp

Industrials
Major Chemicals
www.celanese.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $9.75B
PE 5
Debt $14.98B
Cash $1.19B
EV $23.54B
FCF $1.13B

Earnings

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Sales & Net Margins

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Earnings	$1.93B
EBIT	$1.56B
ROE	25%
ROA	6%
FCF	$1.13B
Equity	$7.61B
Growth Stability	87%
PE	5.07
PEG	0.25
PB	1.28
P/FCF	8.67
P/S	0.92
Price/Cash	0.12
Debt/Equity	1.97
Debt/FCF	13.31
Net Margins	5%
Gross Margins	24%
Op. Margins	15%
Earnings CAGR	20%
Sales Growth YoY	-5%
Sales Growth QoQ	2%
Sales CAGR	9%
FCF CAGR	10%
Equity CAGR	9%
Earnings Stability	0.62
Earnings Growth YoY	-30%
Earnings Growth QoQ	28%

Earnings CAGR 5Y	20%
Sales CAGR 5Y	17%
FCF CAGR 5Y	5%
Equity CAGR 5Y	26%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
FCF CAGR 3Y	-1%
Equity CAGR 3Y	25%
Market Cap	$9.75B
Revenue	$10.55B
Dividend Yield	3%
Payout Ratio	16%
Assets	$25.81B
Total Debt	$14.98B
Cash	$1.19B
Shares Outstanding	108.66M
EV	23.54B
Earnings Score	88%
Moat Score	84%
Safety Score	69%
Final Score	80%
Working Capital	1.28B
Current Ratio	1.28
Shares Growth 3y	0%
Equity Growth QoQ	1%
Equity Growth YoY	25%

Assets & ROA

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Stockholders Equity & ROE

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Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company also produces specialty polymers used in the automotive, electronics, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.

SEC Filings

Direct access to Celanese Corp (CE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Celanese Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Celanese Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 20%

Stability 62%

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Celanese Corp Discounted Cash Flow

Fully customizable DCF calculator online for Celanese Corp.

Years

Calculation mode

= $23B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.1B	$1.2B	$1.4B	$1.5B	$1.7B	$1.8B	$2B	$2.3B	$2.5B	$2.7B	$3B	$30B
DCF		$1.1B	$1.1B	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B	$1.2B	$1.2B	$12B
Value	$23B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	5%	17%	14%	17%	14%	35%	22%	20%	18%	5%
ROA	-	6%	12%	11%	16%	10%	21%	19%	5%	6%	6%
ROE	-	10%	30%	26%	36%	29%	51%	42%	31%	26%	25%

Bad Net Margins (5.25%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.32	4.72	6.95	3.21	3.64	4.26	3.5	11.96	11.11	13.31
Debt over Equity	0.9	1.08	1.01	1.13	1.16	1.36	1.07	0.99	2.5	1.96	1.97
Growth Stability	-	-	-	100%	100%	87%	100%	100%	100%	100%	87%

Bad Debt/FCF ratio (13.31)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (1.97)

The company is overleveraged and has a bad balance between equity and debt.

Neutral Graham’s Stability (87%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-17%	-5%	14%	17%	-12%	-10%	51%	13%	13%	17%
Earnings YoY growth	-	-54%	216%	-6%	43%	-29%	133%	-5%	0%	3%	20%
Equity YoY growth	-	-8%	7%	9%	2%	-14%	34%	16%	35%	24%	26%
FCF YoY growth	-	7%	13%	-17%	128%	-11%	-10%	32%	-1%	4%	5%