Celanese Corp Stock Research

Market Summary

USD104.36+2.05

Delayed

2.00%

CE Alerts

1 major insider buys recently.
Big jump in Earnings (Y/Y)

CE Stock Price

CE RSI Chart

CE Valuation

Market Cap

11.3B

Price/Earnings (Trailing)

5.98

Price/Sales (Trailing)

1.18

EV/EBITDA

10.11

Price/Free Cashflow

8.87

CE Price/Sales (Trailing)

CE Profitability

EBT Margin

14.70%

Return on Equity

33.6%

Return on Assets

7.21%

Free Cashflow Yield

11.27%

CE Fundamentals

CE Revenue

Revenue Y/Y

1.54%

Revenue Q/Q

-7.44%

CE Earnings

Earnings (TTM)

1.9B

Earnings Y/Y

46.37%

Earnings Q/Q

301.57%

Price Action

52 Week Range

86.07159.25

(Low)(High)

Last 7 days

-13.3%

Last 30 days

-16.1%

Last 90 days

-0.1%

Trailing 12 Months

-24.8%

CE Financial Health

Current Ratio

1.63

Debt/Equity

2.37

Debt/Cashflow

0.14

CE Investor Care

Shares Dilution (1Y)

0.42%

Diluted EPS (TTM)

17.34

Peers (Alternatives to Celanese)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DD	34.6B	13.0B	-11.17%	-4.61%	5.89	2.66	3.59%	-9.26%
PPG	26.8B	17.7B	-2.11%	3.18%	24.98	1.52	5.06%	-28.70%
ALB	25.1B	7.3B	-20.57%	18.26%	9.35	3.44	119.96%	2074.96%
CE	11.3B	-	-16.10%	-24.80%	5.98	1.18	22.25%	0.21%
MID-CAP
EMN	9.8B	10.6B	-9.42%	-23.78%	12.4	0.93	0.99%	-7.47%
OLN	6.9B	9.4B	-19.85%	0.94%	5.18	0.73	5.23%	2.33%
AXTA	5.3B	4.9B	-4.95%	17.14%	26.11	1.1	10.60%	-27.40%
HUN	5.1B	8.0B	-12.87%	-28.62%	11.13	0.64	4.60%	-55.98%
AVNT	3.5B	3.4B	-2.52%	-21.58%	5	1.04	2.46%	204.64%
GCP	2.4B	999.6M	1.27%	44.25%	215.39	2.37	3.34%	-90.08%
SMALL-CAP
ASIX	970.8M	1.9B	-18.23%	-28.96%	5.65	0.5	15.49%	22.96%
TSE	703.1M	5.0B	-24.28%	-54.90%	-1.63	0.14	2.86%	-197.93%
RYAM	412.9M	1.7B	-8.23%	-1.55%	-27.68	0.24	22.00%	-122.46%

Financials for Celanese

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-100.0%		9,600	9,565	9,277	8,537
Gross Profit	-12.4%	2,380	2,717	2,886	2,942	2,682
S&GA Expenses	13.7%	824	725	706	670	633
R&D Expenses	14.3%	112	98.00	94.00	90.00	86.00
EBITDA	-15.8%	2,294	2,724	2,881	2,949	-
EBITDA Margin	-15.8%	0.24*	0.28*	0.30*	0.32*	-
Earnings Before Taxes	-31.1%	1,411	2,048	2,349	2,455	2,248
EBT Margin	-31.1%	0.15*	0.21*	0.25*	0.26*	-
Interest Expenses	57.0%	405	258	125	101	91.00
Net Income	14.7%	1,894	1,651	1,966	2,070	1,890
Net Income Margin	14.7%	0.20*	0.17*	0.21*	0.22*	-
Free Cahsflow	-1.8%	1,276	1,299	1,499	1,445	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	23.1%	26,272	21,337	12,713	12,426	11,975
Current Assets	-49.9%	6,611	13,192	4,459	4,200	3,807
Cash Equivalents	-84.4%	1,508	9,671	783	605	536
Inventory	63.0%	2,808	1,723	1,713	1,549	1,524
Net PPE	36.6%	5,584	4,089	4,158	4,188	4,193
Goodwill	451.9%	7,142	1,294	1,348	1,396	1,412
Current Liabilities	45.9%	4,068	2,788	2,595	2,554	2,505
Long Term Debt	321.1%	13,373	3,176	-	-	-
LT Debt, Non Current	275.9%	11,360	3,022	3,132	3,176	-
Shareholder's Equity	13.9%	5,637	4,950	4,880	4,607	4,189
Retained Earnings	6.5%	11,274	10,584	10,466	10,106	9,677
Additional Paid-In Capital	4.5%	372	356	344	326	333
Accumulated Depreciation	6.1%	3,687	3,475	3,497	3,538	3,484
Shares Outstanding	0.1%	108	108	108	108	108
Minority Interest	36.0%	468	344	345	346	348

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-2.3%	1,819	1,862	2,025	1,957	1,757
Share Based Compensation	-9.1%	60.00	66.00	72.00	98.00	95.00
Cashflow From Investing	-550.0%	-11,141	-1,714	-1,679	-1,366	-1,119
Cashflow From Financing	24.8%	10,290	8,247	-581	-766	-1,042
Dividend Payments	1.0%	297	294	297	299	304
Buy Backs	-92.1%	17.00	214	500	750	1,000

Risks for CE

What is the probability of a big loss on CE?

57.7%

Probability that Celanese stock will be more than 20% underwater in next one year

33.9%

Probability that Celanese stock will be more than 30% underwater in next one year.

28.9%

Probability that Celanese stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Celanese was unfortunately bought at previous high price.

Drawdowns

Returns for CE

Cumulative Returns on CE

10.2%

10-Year Cumulative Returns

8.9%

7-Year Cumulative Returns

1.2%

5-Year Cumulative Returns

11.5%

3-Year Cumulative Returns

What are the long-term rolling returns for CE?

FIve years rolling returns for Celanese.

Annualized Returns

Which funds bought or sold CE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	43.00	2,243,340	5,871,340	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-5.58	9,000	154,000	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	2,045	2,045	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	396	4,396	-%
2023-02-28	Voya Investment Management LLC	reduced	-19.82	-421,286	4,126,710	0.01%
2023-02-27	ST GERMAIN D J CO INC	new	-	36,806	36,806	0.01%
2023-02-24	NATIXIS	reduced	-11.42	1,443	604,443	-%
2023-02-24	National Pension Service	unchanged	-	371,159	2,912,310	0.01%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	132	1,462,000	2,358,000	0.03%
2023-02-22	CVA Family Office, LLC	added	227	13,403	18,403	-%

Latest Funds Activity

Are funds buying CE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CE

No. of Funds

Celanese News

Schedule 13G FIlings of Celanese

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	dodge & cox	6.6%	7,109,524	SC 13G/A
Feb 14, 2023	berkshire hathaway inc	9.0%	9,710,183	SC 13G
Feb 09, 2023	vanguard group inc	12.30%	13,332,489	SC 13G/A
Feb 06, 2023	wellington management group llp	6.42%	6,961,945	SC 13G/A
Jan 31, 2023	blackrock inc.	7.0%	7,642,363	SC 13G
Feb 14, 2022	dodge & cox	6.6%	7,154,913	SC 13G/A
Feb 11, 2022	capital international investors	3.5%	3,842,948	SC 13G/A
Feb 09, 2022	vanguard group inc	12.33%	13,418,615	SC 13G/A
Feb 07, 2022	blackrock inc.	7.0%	7,642,373	SC 13G/A
Feb 04, 2022	wellington management group llp	8.67%	9,438,575	SC 13G/A

CE Fair Value

Celanese fair value in different scenarios

The table shows the Fair Value estimates for Celanese for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	264.49 153.44%	408.18 291.13%	685.80 557.15%	910.97 772.91%	1185.69 1036.15%
Current Inflation	242.19 132.07%	366.86 251.53%	602.16 477.00%	790.57 657.54%	1021.30 878.63%
Very High Inflation	214.67 105.70%	317.06 203.81%	504.08 383.02%	651.26 524.05%	832.59 697.81%

Historical Celanese Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Celanese

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	ARS/A	ARS/A
Mar 09, 2023	ARS	ARS
Mar 09, 2023	DEF 14A	DEF 14A
Mar 09, 2023	DEFA14A	DEFA14A
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading

Latest Insider Trading transactions for CE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-28	Murray Mark Christopher	bought	140,580	117	1,200	svp - acetyls
2023-02-15	Richardson Scott A	acquired	-	-	19,292	evp & cfo
2023-02-15	Murray Mark Christopher	sold (taxes)	-15,073	121	-124	svp - acetyls
2023-02-15	Ryerkerk Lori	sold (taxes)	-2,913,910	121	-23,971	chairman and ceo
2023-02-15	Richardson Scott A	sold (taxes)	-973,817	121	-8,011	evp & cfo
2023-02-15	Kelly Thomas Francis	acquired	-	-	12,482	svp, em
2023-02-15	McGilvray Aaron M	sold (taxes)	-54,337	121	-447	chief accounting officer
2023-02-15	Puckett A. Lynne	acquired	-	-	12,482	svp, gc & sec
2023-02-15	Puckett A. Lynne	sold (taxes)	-716,718	121	-5,896	svp, gc & sec
2023-02-15	Kelly Thomas Francis	sold (taxes)	-575,708	121	-4,736	svp, em

About Celanese

Lori J. Ryerkerk

www.celanese.com

8530

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 three segments: Engineered Materials, Acetate Tow, and Acetyl Chain. 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. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

CE Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 9,673	$ 8,537	$ 5,655
Cost of sales	(7,293)	(5,855)	(4,362)
Gross profit	2,380	2,682	1,293
Selling, general and administrative expenses	(824)	(633)	(482)
Amortization of intangible assets	(62)	(25)	(22)
Research and development expenses	(112)	(86)	(74)
Other (charges) gains, net	(8)	3	(39)
Foreign exchange gain (loss), net	(1)	2	(5)
Gain (loss) on disposition of businesses and assets, net	5	3	(7)
Operating profit (loss)	1,378	1,946	664
Equity in net earnings (loss) of affiliates	220	146	134
Non-operating pension and other postretirement employee benefit (expense) income	17	106	17
Interest expense	(405)	(91)	(109)
Refinancing expense	0	(9)	0
Interest income	69	8	6
Dividend income - equity investments	133	147	126
Gain (loss) on sale of investments in affiliates	0	0	1,408
Other income (expense), net	9	(5)	5
Earnings (loss) from continuing operations before tax	1,421	2,248	2,251
Income tax (provision) benefit	489	(330)	(247)
Earnings (loss) from continuing operations	1,910	1,918	2,004
Earnings (loss) from operation of discontinued operations	(9)	(27)	(14)
Income tax (provision) benefit from discontinued operations	1	5	2
Earnings (loss) from discontinued operations	(8)	(22)	(12)
Net earnings (loss)	1,902	1,896	1,992
Net (earnings) loss attributable to noncontrolling interests	(8)	(6)	(7)
Net earnings (loss) attributable to Celanese Corporation	1,894	1,890	1,985
Amounts attributable to Celanese Corporation
Earnings (loss) from continuing operations	1,902	1,912	1,997
Earnings (loss) from discontinued operations	(8)	(22)	(12)
Net earnings (loss) attributable to Celanese Corporation	$ 1,894	$ 1,890	$ 1,985
Earnings (loss) per common share - basic
Continuing operations	$ 17.55	$ 17.19	$ 16.95
Discontinued operations	(0.07)	(0.20)	(0.10)
Net earnings (loss) - basic	17.48	16.99	16.85
Earnings (loss) per common share - diluted
Continuing operations	17.41	17.06	16.85
Discontinued operations	(0.07)	(0.20)	(0.10)
Net earnings (loss) - diluted	$ 17.34	$ 16.86	$ 16.75
Weighted average shares - basic	108,380,082	111,224,017	117,817,445
Weighted average shares - diluted	109,235,376	112,084,412	118,481,376

CE Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Current Assets

Cash and cash equivalents

$ 1,508

$ 536

Trade receivables - third party and affiliates

1,379

1,161

Non-trade receivables, net

675

506

Inventories

2,808

1,524

Other assets

241

Total current assets

6,611

3,807

Investments in affiliates

1,062

823

Property, plant and equipment (net of accumulated depreciation - 2022: $3,687; 2021: $3,484)

5,584

4,193

Operating lease right-of-use assets

413

236

Deferred income taxes

808

248

Other assets

547

521

Goodwill

7,142

^[1]

1,412

Intangible assets, net

4,105

735

Total assets

26,272

11,975

Current Liabilities

Short-term borrowings and current installments of long-term debt - third party and affiliates

1,306

791

Trade payables - third party and affiliates

1,518

1,160

Other liabilities

1,201

473

Income taxes payable

Total current liabilities

4,068

2,505

Long-term debt, net of unamortized deferred financing costs

13,373

3,176

Deferred income taxes

1,242

555

Uncertain tax positions

322

280

Benefit obligations

411

558

Operating lease liabilities

364

200

Other liabilities

387

164

Commitments and Contingencies

Shareholders' Equity

Preferred stock, $0.01 par value, 100,000,000 shares authorized (2022 and 2021: 0 issued and outstanding)

Common stock, $0.0001 par value, 400,000,000 shares authorized (2022: 170,135,425 issued and 108,473,932 outstanding; 2021: 169,760,024 issued and 108,023,735 outstanding)

Treasury stock, at cost (2022: 61,661,493 shares; 2021: 61,736,289 shares)

(5,491)

(5,492)

Additional paid-in capital

372

333

Retained earnings

11,274

9,677

Accumulated other comprehensive income (loss), net

(518)

(329)

Total Celanese Corporation shareholders' equity

5,637

4,189

Noncontrolling interests

468

348

Total equity

6,105

4,537

Total liabilities and equity

$ 26,272

$ 11,975

[1]	There were no accumulated impairment losses as of December 31, 2022.