Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally.
Undervalued established dividend payer.
Share Price & News
How has Celanese's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CE underperformed the US Chemicals industry which returned -33.6% over the past year.
Return vs Market: CE underperformed the US Market which returned -14.9% over the past year.
Price Volatility Vs. Market
How volatile is Celanese's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs It Time To Consider Buying Celanese Corporation (NYSE:CE)?
3 weeks ago | Simply Wall StWhat Is Celanese's (NYSE:CE) P/E Ratio After Its Share Price Tanked?
4 weeks ago | Simply Wall StHere's What Celanese Corporation's (NYSE:CE) ROCE Can Tell Us
Is Celanese undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CE ($68.6) is trading below our estimate of fair value ($152.58)
Significantly Below Fair Value: CE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CE is good value based on its PE Ratio (9.9x) compared to the Chemicals industry average (14.1x).
PE vs Market: CE is good value based on its PE Ratio (9.9x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: CE is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: CE is overvalued based on its PB Ratio (3.3x) compared to the US Chemicals industry average (1.4x).
How is Celanese forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CE's forecast earnings growth (15.6% per year) is above the savings rate (1.7%).
Earnings vs Market: CE's earnings (15.6% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: CE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CE's revenue (2.2% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: CE's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CE's Return on Equity is forecast to be very high in 3 years time (44.7%).
How has Celanese performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CE has high quality earnings.
Growing Profit Margin: CE's current net profit margins (13.6%) are lower than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: CE's earnings have grown by 18% per year over the past 5 years.
Accelerating Growth: CE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CE had negative earnings growth (-29.2%) over the past year, making it difficult to compare to the Chemicals industry average (-11.3%).
Return on Equity
High ROE: Whilst CE's Return on Equity (29.81%) is high, this metric is skewed due to their high level of debt.
How is Celanese's financial position?
Financial Position Analysis
Short Term Liabilities: CE's short term assets ($2.8B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: CE's short term assets ($2.8B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: CE's debt to equity ratio (131.2%) is considered high.
Reducing Debt: CE's debt to equity ratio has increased from 88.5% to 131.2% over the past 5 years.
Debt Coverage: CE's debt is well covered by operating cash flow (38.3%).
Interest Coverage: CE earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: CE has a high level of physical assets or inventory.
Debt Coverage by Assets: CE's debt is not covered by short term assets (assets are 0.7x debt).
What is Celanese's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CE's dividend (3.62%) is higher than the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: CE's dividend (3.62%) is low compared to the top 25% of dividend payers in the US market (5.7%).
Stability and Growth of Payments
Stable Dividend: CE's dividends per share have been stable in the past 10 years.
Growing Dividend: CE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.7%), CE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CE's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lori Ryerkerk (56yo)
Ms. Lori J. Ryerkerk, BS, serves as President, Chief Executive Officer and Director of Celanese Corporation since May 1, 2019. She served as an Executive Vice President, Global Manufacturing for Royal Dutc ...
CEO Compensation Analysis
Compensation vs Market: Lori's total compensation ($USD6.03M) is about average for companies of similar size in the US market ($USD7.63M).
Compensation vs Earnings: Insufficient data to compare Lori's compensation with company performance.
|Executive Chairman of the Board||8yrs||US$5.24m||0.55% $44.3m|
|Senior VP & CFO||2.17yrs||US$2.38m||0.025% $2.0m|
|Senior VP & General Counsel||1.17yrs||US$3.86m||0.019% $1.5m|
|Senior VP & Chief Human Resources Officer||2.75yrs||US$1.46m||0.0057% $458.9k|
|Senior Vice President of Acetyls Chain||2.58yrs||US$2.30m||0.030% $2.4m|
|Chief Accounting Officer||2yrs||no data||0.0010% $83.4k|
|VP and Chief Technology & Innovation Officer||3.75yrs||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|Chief Financial Officer for European Headquarters||2yrs||US$3.67m||0.016% $1.3m|
Experienced Management: CE's management team is considered experienced (2 years average tenure).
|Executive Chairman of the Board||8yrs||US$5.24m||0.55% $44.3m|
|Independent Director||6.17yrs||US$269.96k||0.0033% $266.4k|
|Independent Director||13.67yrs||US$274.96k||0.017% $1.3m|
|Lead Independent Director||3.17yrs||US$279.96k||0.0056% $447.7k|
|Independent Director||8.17yrs||US$269.96k||0.0047% $377.9k|
|Independent Director||4.25yrs||US$254.96k||0.000090% $7.2k|
|Independent Director||4.75yrs||US$274.96k||0.0052% $417.2k|
|Independent Director||1.5yrs||US$254.96k||0.000050% $4.0k|
|Independent Director||14.25yrs||US$254.96k||0.036% $2.9m|
Experienced Board: CE's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Celanese Corporation's company bio, employee growth, exchange listings and data sources
- Name: Celanese Corporation
- Ticker: CE
- Exchange: NYSE
- Founded: 1918
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$8.023b
- Shares outstanding: 119.57m
- Website: https://www.celanese.com
Number of Employees
- Celanese Corporation
- 222 West Las Colinas Boulevard
- Suite 900N
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CE||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 2005|
|DG3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 2005|
|0HUR||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 2005|
|DG3||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Jan 2005|
|C1NS34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 00:15|
|End of Day Share Price||2020/04/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.