CELANESE CORP (CE) Stock Fundamental Analysis
NYSE:CE - US1508701034 - Common Stock
47.32 USD
-1.31 (-2.69%)
46.7522 USD
-0.57 (-1.2%)
We assign a fundamental rating of 3 out of 10 to CE. CE was compared to 84 industry peers in the Chemicals industry. Both the profitability and financial health of CE have multiple concerns. CE is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CE had positive earnings in the past year.
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 -6.83%, CE is not doing good in the industry: 72.62% of the companies in the same industry are doing better.
CE's Return On Equity of -30.71% is on the low side compared to the rest of the industry. CE is outperformed by 76.19% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.49%, CE is in line with its industry, outperforming 46.43% 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 6.43%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.83% | ||
| ROE | -30.71% | ||
| ROIC | 3.49% |
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
The Operating Margin of CE (9.38%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CE has declined.
CE's Gross Margin of 21.85% is on the low side compared to the rest of the industry. CE is outperformed by 60.71% of its industry peers.
CE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.38% | ||
| PM (TTM) | N/A | ||
| GM | 21.85% |
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
CE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CE has been increased compared to 1 year ago.
Compared to 5 years ago, CE has less shares outstanding
Compared to 1 year ago, CE has a worse debt to assets ratio.
2.2 Solvency
CE has an Altman-Z score of 1.53. This is a bad value and indicates that CE is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.53, CE is doing worse than 66.67% of the companies in the same industry.
The Debt to FCF ratio of CE is 20.48, which is on the high side as it means it would take CE, 20.48 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 20.48, CE perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
A Debt/Equity ratio of 2.43 is on the high side and indicates that CE has dependencies on debt financing.
With a Debt to Equity ratio value of 2.43, CE is not doing good in the industry: 84.52% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.43 | ||
| Debt/FCF | 20.48 | ||
| Altman-Z | 1.53 |
ROIC/WACC0.46
WACC7.51%
2.3 Liquidity
CE has a Current Ratio of 2.05. This indicates that CE is financially healthy and has no problem in meeting its short term obligations.
CE has a Current ratio (2.05) which is in line with its industry peers.
CE has a Quick Ratio of 1.22. This is a normal value and indicates that CE is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.22, CE perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.22 |
3. Growth
3.1 Past
CE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.87%.
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 -5.83%.
Measured over the past years, CE shows a quite strong growth in Revenue. The Revenue has been growing by 10.30% on average per year.
EPS 1Y (TTM)-35.87%
EPS 3Y-22.89%
EPS 5Y-2.59%
EPS Q2Q%-39.5%
Revenue 1Y (TTM)-5.83%
Revenue growth 3Y6.39%
Revenue growth 5Y10.3%
Sales Q2Q%-4.49%
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 5.09% on average per year.
The Revenue is expected to grow by 0.51% on average over the next years.
EPS Next Y-46%
EPS Next 2Y-13.62%
EPS Next 3Y-1.59%
EPS Next 5Y5.09%
Revenue Next Year-5.16%
Revenue Next 2Y-1.36%
Revenue Next 3Y0.48%
Revenue Next 5Y0.51%
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
With a Price/Earnings ratio of 8.02, the valuation of CE can be described as very reasonable.
Based on the Price/Earnings ratio, CE is valued cheaper than 90.48% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.03. CE is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.59, the valuation of CE can be described as very cheap.
CE's Price/Forward Earnings ratio is rather cheap when compared to the industry. CE is cheaper than 91.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.63. CE is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.02 | ||
| Fwd PE | 7.59 |
4.2 Price Multiples
61.90% of the companies in the same industry are more expensive than CE, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CE is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.2 | ||
| EV/EBITDA | 9.8 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.62%
EPS Next 3Y-1.59%
5. Dividend
5.1 Amount
With a yearly dividend of 0.27%, CE is not a good candidate for dividend investing.
CE's Dividend Yield is slightly below the industry average, which is at 3.54.
With a Dividend Yield of 0.27, CE pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
5.2 History
The dividend of CE has a limited annual growth rate of 3.06%.
CE has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CE decreased recently.
Dividend Growth(5Y)3.06%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
CE has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-9.81%
EPS Next 2Y-13.62%
EPS Next 3Y-1.59%
47.32
-1.31 (-2.69%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners102.77%
Inst Owner Change5.36%
Ins Owners0.27%
Ins Owner Change3.12%
Market Cap5.18B
Analysts71.54
Price Target55.92 (18.17%)
Short Float %5.92%
Short Ratio3.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
Yearly Dividend2.81
Dividend Growth(5Y)3.06%
DP-9.81%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)22.13%
Min EPS beat(2)-0.14%
Max EPS beat(2)44.41%
EPS beat(4)2
Avg EPS beat(4)11.14%
Min EPS beat(4)-16.92%
Max EPS beat(4)44.41%
EPS beat(8)4
Avg EPS beat(8)4.27%
EPS beat(12)5
Avg EPS beat(12)1.38%
EPS beat(16)7
Avg EPS beat(16)2.17%
Revenue beat(2)1
Avg Revenue beat(2)0.76%
Min Revenue beat(2)-1.36%
Max Revenue beat(2)2.89%
Revenue beat(4)1
Avg Revenue beat(4)-1.52%
Min Revenue beat(4)-4.71%
Max Revenue beat(4)2.89%
Revenue beat(8)1
Avg Revenue beat(8)-3.21%
Revenue beat(12)1
Avg Revenue beat(12)-3.57%
Revenue beat(16)4
Avg Revenue beat(16)-2.02%
PT rev (1m)-14.19%
PT rev (3m)-10.06%
EPS NQ rev (1m)-24.27%
EPS NQ rev (3m)-33.51%
EPS NY rev (1m)-14.25%
EPS NY rev (3m)-13.58%
Revenue NQ rev (1m)-1.9%
Revenue NQ rev (3m)-4.12%
Revenue NY rev (1m)-0.84%
Revenue NY rev (3m)-0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.02 | ||
| Fwd PE | 7.59 | ||
| P/S | 0.52 | ||
| P/FCF | 8.2 | ||
| P/OCF | 5.08 | ||
| P/B | 0.98 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.8 |
EPS(TTM)5.9
EY12.47%
EPS(NY)6.23
Fwd EY13.17%
FCF(TTM)5.77
FCFY12.2%
OCF(TTM)9.32
OCFY19.69%
SpS90.77
BVpS48.18
TBVpS-36.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.83% | ||
| ROE | -30.71% | ||
| ROCE | 4.45% | ||
| ROIC | 3.49% | ||
| ROICexc | 3.7% | ||
| ROICexgc | 6.89% | ||
| OM | 9.38% | ||
| PM (TTM) | N/A | ||
| GM | 21.85% | ||
| FCFM | 6.36% |
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 Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.43 | ||
| Debt/FCF | 20.48 | ||
| Debt/EBITDA | 7.49 | ||
| Cap/Depr | 49.62% | ||
| Cap/Sales | 3.9% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 59.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.22 | ||
| Altman-Z | 1.53 |
F-Score4
WACC7.51%
ROIC/WACC0.46
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)-35.87%
EPS 3Y-22.89%
EPS 5Y-2.59%
EPS Q2Q%-39.5%
EPS Next Y-46%
EPS Next 2Y-13.62%
EPS Next 3Y-1.59%
EPS Next 5Y5.09%
Revenue 1Y (TTM)-5.83%
Revenue growth 3Y6.39%
Revenue growth 5Y10.3%
Sales Q2Q%-4.49%
Revenue Next Year-5.16%
Revenue Next 2Y-1.36%
Revenue Next 3Y0.48%
Revenue Next 5Y0.51%
EBIT growth 1Y-19.24%
EBIT growth 3Y-18.82%
EBIT growth 5Y0.1%
EBIT Next Year27.28%
EBIT Next 3Y14.68%
EBIT Next 5Y9.93%
FCF growth 1Y-41.64%
FCF growth 3Y-25.61%
FCF growth 5Y-13.3%
OCF growth 1Y-39.07%
OCF growth 3Y-18.08%
OCF growth 5Y-7.85%