We are transferring coverage of Eastman Chemical and Celanese, two leading North American specialty chemical companies. These firms use commodity chemicals like acetic acid, methanol, and ethylene to create high-value plastics and additives for specific customer applications.
Celanese built out its core acetic acid production facilities at a significantly lower capital cost per ton than its competitors, thanks to the scale of its facilities (2 million tons versus the average of 0.5 million tons).
Celanese's acetyl chain business will face long-term margin pressure from a narrower spread between Brent oil and US natural gas.
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Metric
|
CE
|
EMN
|
BASFY
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.48 | 12.66 | 26.72 |
Price/Book Value | 1.19 | 1.18 | 1.21 |
Price/Sales | 0.51 | 0.81 | 0.72 |
Price/Cash Flow | 5.65 | 6.07 | 8.14 |
|
Metric
|
CE
|
EMN
|
BASFY
|
|---|---|---|---|
Quick Ratio | 0.81 | 0.72 | 1.19 |
Current Ratio | 1.45 | 1.50 | 1.85 |
Interest Coverage | −0.60 | 3.40 | 3.59 |
|
Metric
|
CE
|
EMN
|
BASFY
|
|---|---|---|---|
Return on Assets (Normalized) | 0.43% | 3.77% | 0.97% |
Return on Equity (Normalized) | 2.23% | 9.62% | 2.27% |
Return on Invested Capital (Normalized) | 3.08% | 6.73% | 1.92% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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|---|---|---|---|---|---|---|
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SHECY
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BFFAF
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NPXYY
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OLN
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United States