Celanese Corp Class A
CE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !Tk | LOCK|@%>S^ | LOCK|@Z%Hs! |
Celanese: Leadership Transition as COO Scott Richardson to Become CEO in New Year
Celanese announced that current COO Scott Richardson will become the next CEO, effective Jan. 1, 2025. Richardson will replace current CEO Lori Ryerkerk, who has led Celanese since 2019. We see no reason to change our ratings due to the CEO transition. Accordingly, we’re maintaining our $150 fair value estimate. Our narrow moat rating and Exemplary Capital Allocation Rating are also unchanged. At current prices, we view Celanese shares as materially undervalued, with the stock trading at less than half of our fair value estimate and in 5-star territory.
