Celanese Earnings: Shares Drop on Outlook Below Consensus; Reducing Fair Value Estimate
Celanese reported solid second-quarter results, as higher prices in the commodity chemical business generated strong profit growth.
Celanese reported solid second-quarter results, as higher prices in the commodity chemical business generated strong profit growth.
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
|
DD
|
EMN
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.60 | 17.88 | 14.96 |
Price/Book Value | 1.20 | 1.43 | 1.39 |
Price/Sales | 0.52 | 3.08 | 0.96 |
Price/Cash Flow | 5.73 | 41.14 | 7.18 |
|
Metric
|
CE
|
DD
|
EMN
|
|---|---|---|---|
Quick Ratio | 0.81 | 1.74 | 0.72 |
Current Ratio | 1.45 | 2.43 | 1.50 |
Interest Coverage | −0.60 | 0.74 | 3.40 |
|
Metric
|
CE
|
DD
|
EMN
|
|---|---|---|---|
Return on Assets (Normalized) | 0.43% | 4.09% | 3.77% |
Return on Equity (Normalized) | 2.23% | 6.47% | 9.62% |
Return on Invested Capital (Normalized) | 3.08% | 5.40% | 6.73% |
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1-Day Chart
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