CELANESE CORP (CE) Stock Fundamental Analysis
NYSE:CE - New York Stock Exchange, Inc. - US1508701034 - Common Stock - Currency: USD
Overall CE gets a fundamental rating of 3 out of 10. We evaluated CE against 85 industry peers in the Chemicals industry. CE has a bad profitability rating. Also its financial health evaluation is rather negative. CE has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year CE was profitable.
CE had a positive operating cash flow in the past year.
CE had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CE had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -7.17%, CE is not doing good in the industry: 72.94% of the companies in the same industry are doing better.
CE has a Return On Equity of -32.09%. This is in the lower half of the industry: CE underperforms 75.29% of its industry peers.
With a Return On Invested Capital value of 3.81%, CE perfoms like the industry average, outperforming 45.88% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CE is below the industry average of 6.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.17% | ||
| ROE | -32.09% | ||
| ROIC | 3.81% |
ROA(3y)2.64%
ROA(5y)8.38%
ROE(3y)10.61%
ROE(5y)26.65%
ROIC(3y)4.41%
ROIC(5y)7.05%
1.3 Margins
CE has a Operating Margin (9.92%) which is in line with its industry peers.
CE's Operating Margin has declined in the last couple of years.
CE's Gross Margin of 22.65% is in line compared to the rest of the industry. CE outperforms 42.35% of its industry peers.
CE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.92% | ||
| PM (TTM) | N/A | ||
| GM | 22.65% |
OM growth 3Y-23.69%
OM growth 5Y-9.25%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.98%
GM growth 5Y-2.12%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CE is destroying value.
Compared to 1 year ago, CE has more shares outstanding
CE has less shares outstanding than it did 5 years ago.
CE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.55, we must say that CE is in the distress zone and has some risk of bankruptcy.
CE has a worse Altman-Z score (1.55) than 65.88% of its industry peers.
The Debt to FCF ratio of CE is 25.47, which is on the high side as it means it would take CE, 25.47 years of fcf income to pay off all of its debts.
CE's Debt to FCF ratio of 25.47 is in line compared to the rest of the industry. CE outperforms 44.71% of its industry peers.
CE has a Debt/Equity ratio of 2.45. This is a high value indicating a heavy dependency on external financing.
CE has a worse Debt to Equity ratio (2.45) than 85.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.45 | ||
| Debt/FCF | 25.47 | ||
| Altman-Z | 1.55 |
ROIC/WACC0.5
WACC7.55%
2.3 Liquidity
CE has a Current Ratio of 1.94. This is a normal value and indicates that CE is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.94, CE is in line with its industry, outperforming 45.88% of the companies in the same industry.
A Quick Ratio of 1.11 indicates that CE should not have too much problems paying its short term obligations.
CE has a Quick ratio (1.11) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for CE have decreased strongly by -23.92% in the last year.
The Earnings Per Share has been decreasing by -2.59% on average over the past years.
CE shows a decrease in Revenue. In the last year, the revenue decreased by -5.98%.
The Revenue has been growing by 10.30% on average over the past years. This is quite good.
EPS 1Y (TTM)-23.92%
EPS 3Y-22.89%
EPS 5Y-2.59%
EPS Q2Q%-72.6%
Revenue 1Y (TTM)-5.98%
Revenue growth 3Y6.39%
Revenue growth 5Y10.3%
Sales Q2Q%-8.5%
3.2 Future
Based on estimates for the next years, CE will show a small growth in Earnings Per Share. The EPS will grow by 7.19% on average per year.
CE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.05% yearly.
EPS Next Y-37.02%
EPS Next 2Y-8.31%
EPS Next 3Y1.86%
EPS Next 5Y7.19%
Revenue Next Year-4.38%
Revenue Next 2Y-0.55%
Revenue Next 3Y1.01%
Revenue Next 5Y1.05%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 7.02, which indicates a rather cheap valuation of CE.
91.76% of the companies in the same industry are more expensive than CE, based on the Price/Earnings ratio.
CE is valuated cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 6.84 indicates a rather cheap valuation of CE.
90.59% of the companies in the same industry are more expensive than CE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CE to the average of the S&P500 Index (34.09), we can say CE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.02 | ||
| Fwd PE | 6.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CE is valued a bit cheaper than the industry average as 61.18% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CE is valued cheaply inside the industry as 83.53% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.47 | ||
| EV/EBITDA | 9.4 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.31%
EPS Next 3Y1.86%
5. Dividend
5.1 Amount
CE has a yearly dividend return of 0.25%, which is pretty low.
CE's Dividend Yield is slightly below the industry average, which is at 3.77.
Compared to an average S&P500 Dividend Yield of 2.40, CE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
5.2 History
The dividend of CE has a limited annual growth rate of 3.06%.
CE has paid a dividend for at least 10 years, which is a reliable track record.
CE has decreased its dividend recently.
Dividend Growth(5Y)3.06%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
The earnings of CE are negative and hence is the payout ratio. CE will probably not be able to sustain this dividend level.
CE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-14%
EPS Next 2Y-8.31%
EPS Next 3Y1.86%
48.05
-0.6 (-1.23%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners102.77%
Inst Owner Change0.92%
Ins Owners0.27%
Ins Owner Change2.87%
Market Cap5.26B
Analysts71.54
Price Target65.54 (36.4%)
Short Float %5.88%
Short Ratio3.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
Yearly Dividend2.81
Dividend Growth(5Y)3.06%
DP-14%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)30.81%
Min EPS beat(2)17.22%
Max EPS beat(2)44.41%
EPS beat(4)2
Avg EPS beat(4)7.51%
Min EPS beat(4)-16.92%
Max EPS beat(4)44.41%
EPS beat(8)4
Avg EPS beat(8)2.1%
EPS beat(12)6
Avg EPS beat(12)1.91%
EPS beat(16)8
Avg EPS beat(16)2.76%
Revenue beat(2)1
Avg Revenue beat(2)0.01%
Min Revenue beat(2)-2.87%
Max Revenue beat(2)2.89%
Revenue beat(4)1
Avg Revenue beat(4)-2.81%
Min Revenue beat(4)-6.52%
Max Revenue beat(4)2.89%
Revenue beat(8)1
Avg Revenue beat(8)-4.06%
Revenue beat(12)2
Avg Revenue beat(12)-3.36%
Revenue beat(16)5
Avg Revenue beat(16)-1.37%
PT rev (1m)6.75%
PT rev (3m)5.42%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-2.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.84%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)1.02%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.02 | ||
| Fwd PE | 6.84 | ||
| P/S | 0.52 | ||
| P/FCF | 10.47 | ||
| P/OCF | 5.83 | ||
| P/B | 1.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.4 |
EPS(TTM)6.84
EY14.24%
EPS(NY)7.02
Fwd EY14.61%
FCF(TTM)4.59
FCFY9.55%
OCF(TTM)8.24
OCFY17.16%
SpS91.93
BVpS47.4
TBVpS-35.62
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.17% | ||
| ROE | -32.09% | ||
| ROCE | 4.89% | ||
| ROIC | 3.81% | ||
| ROICexc | 3.99% | ||
| ROICexgc | 7.38% | ||
| OM | 9.92% | ||
| PM (TTM) | N/A | ||
| GM | 22.65% | ||
| FCFM | 4.99% |
ROA(3y)2.64%
ROA(5y)8.38%
ROE(3y)10.61%
ROE(5y)26.65%
ROIC(3y)4.41%
ROIC(5y)7.05%
ROICexc(3y)4.72%
ROICexc(5y)7.67%
ROICexgc(3y)9.71%
ROICexgc(5y)12.05%
ROCE(3y)5.7%
ROCE(5y)9.11%
ROICexcg growth 3Y-25.53%
ROICexcg growth 5Y-7.04%
ROICexc growth 3Y-35.3%
ROICexc growth 5Y-15.71%
OM growth 3Y-23.69%
OM growth 5Y-9.25%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.98%
GM growth 5Y-2.12%
F-Score4
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.45 | ||
| Debt/FCF | 25.47 | ||
| Debt/EBITDA | 7.11 | ||
| Cap/Depr | 50.83% | ||
| Cap/Sales | 3.98% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 50.53% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 1.55 |
F-Score4
WACC7.55%
ROIC/WACC0.5
Cap/Depr(3y)81.1%
Cap/Depr(5y)93.82%
Cap/Sales(3y)5.01%
Cap/Sales(5y)5.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.92%
EPS 3Y-22.89%
EPS 5Y-2.59%
EPS Q2Q%-72.6%
EPS Next Y-37.02%
EPS Next 2Y-8.31%
EPS Next 3Y1.86%
EPS Next 5Y7.19%
Revenue 1Y (TTM)-5.98%
Revenue growth 3Y6.39%
Revenue growth 5Y10.3%
Sales Q2Q%-8.5%
Revenue Next Year-4.38%
Revenue Next 2Y-0.55%
Revenue Next 3Y1.01%
Revenue Next 5Y1.05%
EBIT growth 1Y-14.63%
EBIT growth 3Y-18.82%
EBIT growth 5Y0.1%
EBIT Next Year27.28%
EBIT Next 3Y14.68%
EBIT Next 5Y11.2%
FCF growth 1Y-40.02%
FCF growth 3Y-25.61%
FCF growth 5Y-13.3%
OCF growth 1Y-35.89%
OCF growth 3Y-18.08%
OCF growth 5Y-7.85%