Celanese reported improved first-quarter results as operating profits were up year over year despite lower volumes and prices. Celanese shares were down 10% at the time of writing May 6 as the market reacted to reports the US and Iran were close to a deal to end the Middle East conflict.
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.
|
Metric
|
CE
|
DD
|
EMN
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.87 | 14.55 | 15.69 |
Price/Book Value | 1.38 | 1.37 | 1.37 |
Price/Sales | 0.59 | 2.44 | 0.96 |
Price/Cash Flow | 6.45 | 29.28 | 7.89 |
|
Metric
|
CE
|
DD
|
EMN
|
|---|---|---|---|
Quick Ratio | 0.80 | 1.15 | 0.68 |
Current Ratio | 1.38 | 2.68 | 1.47 |
Interest Coverage | −0.62 | 0.96 | 3.01 |
|
Metric
|
CE
|
DD
|
EMN
|
|---|---|---|---|
Return on Assets (Normalized) | 2.10% | 4.38% | 3.52% |
Return on Equity (Normalized) | 10.48% | 6.95% | 9.00% |
Return on Invested Capital (Normalized) | 5.56% | 5.69% | 6.51% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd DR
SHECY
| — | Phnb | $85B | |||
| Shin-Etsu Chemical Co Ltd
SHECF
| — | Knb | $85B | |||
| Basf SE
BFFAF
| — | Vnfcw | $52B | |||
| Basf SE ADR
BASFY
| Rhvw | Ppj | $52B | |||
| Dow Inc
DOW
| Ptfhxjp | Bzmctx | $24B | |||
| Resonac Holdings Corp ADR
SHWDY
| — | Vytbhy | $20B | |||
| Resonac Holdings Corp
SHWDF
| — | Mymztzp | $20B | |||
| Ganfeng Lithium Group Co Ltd
GNENF
| — | Xfjlfh | $19B | |||
| Ganfeng Lithium Group Co Ltd ADR
GNENY
| — | Htjbh | $19B |
/author-service-images-prod-us-east-1.publishing.aws.arc.pub/morningstar/ca8d2ce1-cd0f-433b-a52b-d163be882398.jpg)
United States