- Chemicals
- Basic Materials
-
18.24
EPS
-
7.80
P/E
-
15.5B
MARKET CAP
-
1.97%
DIV YIELD
Company Overview
222 W. LAS COLINAS BLVD., SUITE 900N,IRVING TX 75039-5421,972-443-4000
CEO
Ms. Lori J. Ryerkerk BS
Employess
12400
Sector
Basic Materials
Industry
Chemicals
Website
https://www.celanese.com
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
Next Earnings Date
Nov. 4, 2024
Ex Dividends date
May. 13, 2024
Dividend Date
April 26, 2024
YTD Performance
-8.07%
Fiscal Year End
12-31
IPO Date
2005-01-21
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 5.33% | 8.86% | 24.60% | 13.10% |
EPS | 10.02% | 14.91% | 2.24% | 3.03% |
Equity | 10.14% | 18.90% | 26.22% | 25.79% |
Cash | 6.25% | 32.68% | 23.64% | 19.69% |
Return On Capital (ROIC) | 11.18% | 11.50% | 12.84% | 9.68% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 1,470 | 1,310 | 791 | 496 | 496 |
Long Term Debt | 12,300 | 13,700 | 3,380 | 3,440 | 3,590 |
LT Finance Leases | 325 | 364 | 200 | 208 | 181 |
Shares Outstanding | 109 | 108 | 111 | 118 | 124 |
Market Cap | 16,900 | 11,100 | 18,700 | 15,300 | 15,300 |
Price
News
Here's Why You Should Hold Onto Celanese (CE) Stock for Now
2 monthsCelanese (CE) benefits from its productivity measures, investments in organic projects, expansion actions and strategic acquisitions amid headwinds from demand softness and pricing pressures.
zacks.com3 Materials Stocks to Sell in July Before They Crash & Burn
2 monthsAs the global economy faces numerous headwinds, including fluctuating commodity prices and economic uncertainty, certain materials stocks are increasingly risky investments. Here are three materials stocks to sell to reduce exposure to this market cyclicality.
investorplace.comHere's Why Celanese (CE) is a Strong Value Stock
3 monthsWhether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
zacks.com3 Chemical Specialty Stocks to Escape Industry Headwinds
3 monthsSoft end-market demand and customer de-stocking mar the prospects of the Zacks Chemicals Specialty industry. PPG, CE and AXTA are set to gain from strategic actions to navigate the ongoing challenges.
zacks.comNational Vision Gathers More Than 1,000 Optometrists at Annual Continuing Education Symposium
3 monthsDULUTH, Ga.--(BUSINESS WIRE)--National Vision, Inc., one of the nation's largest optical retailers, hosted more than 1,000 optometrists across two weekends for its Annual Continuing Education (CE) Symposium in Phoenix June 1-4 and in Orlando June 8-11. The conference was designed to empower doctors through education and camaraderie, giving them the tools they need to foster successful optometry careers. “We are committed to empowering our network of optometrists to lead and innovate in their fi.
businesswire.comCelanese (CE) Gains on Cost Actions Amid Demand & Pricing Woes
3 monthsWhile Celanese (CE) faces headwinds from soft demand and pricing, it benefits from productivity measures, investments in organic projects and strategic acquisitions.
zacks.comCelanese (CE) Declares Force Majeure Due to Supply Disruptions
3 monthsCelanese (CE) declares force majeure for acetic acid and VAM, expects a 15-20% production impact in the second quarter and takes costly measures to minimize customer impact.
zacks.com7 Stocks Warren Buffett Has Sold in the Past Year (and You Should Too)
3 monthsThe Oracle of Omaha is by far the most well-known long-term investor we have alive today, and if you are a newbie, looking into Warren Buffett stocks to sell is a good way to weed out the bad stocks from your portfolio. I believe Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) alone makes for a pretty good starter portfolio, as it acts like an exchange-traded fund with solid growth.
investorplace.comCelanese Corporation Declares Force Majeure on Western Hemisphere Acetic Acid and VAM
3 monthsDALLAS--(BUSINESS WIRE)--Celanese Corporation Declares Force Majeure on Western Hemisphere Acetic Acid and VAM.
businesswire.comHere's Why You Should Retain Celanese (CE) in Your Portfolio
3 monthsWhile Celanese (CE) faces challenges from demand softness and pricing pressures, it benefits from strategic acquisitions, expansion moves and productivity measures.
zacks.comWhy Celanese (CE) is a Top Value Stock for the Long-Term
4 monthsThe Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
zacks.comChina Strikes Back At Biden's Tariffs With New Investigation Into Plastics Imports: 6 Stocks Caught In Crossfire
4 monthsChina has taken a new step in the ongoing economic battle with the west, launching a new anti-dumping probe of plastics made in the U.S. and the European Union. The move can be read as a possible retaliation against recent protectionist measures by Western countries, including a recent increase of tariffs on Chinese imports led by President Joe Biden. The Chinese probe was announced on Sunday by the country's commerce ministry, looking into imports of polyoxymethylene copolymer, a type of plastic widely used in consumer electronics, household items, car parts as well as in industrial applications. Public companies manufacturing this material include Celanese Corporation CE, BASF SE BASFY, DuPont de Nemours, Inc. DD, Mitsubishi Chemical Holdings Corporation MTLHY, Asahi Kasei Corporation AHKSY and SABIC (Saudi Basic Industries Corporation) SABRY. Over the next year, China will look into imports of the chemical, also known acetal or POM, coming from the U.S., Japan, Taiwan and the EU, in efforts to find out if imports are being priced at equal levels to their domestic markets. In an anti-dumping probe, a country will try to assess whether companies from a different country are pricing items at lower prices in order to gain market share and take out the local competition. The probe could be extended for a period of six months after the one-year period is completed. Also read: Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks Is China Striking Back? Biden's measures from last week struck a nerve in China as the U.S. government pushed forward a plan to further protect U.S. manufacturing jobs by imposing higher tariffs on Chinese goods. The heavy taxes include a 25% tariff on Chinese steel and aluminum, a new 100% tariff on Chinese electric vehicles, a 25% tariff on EV batteries and critical minerals, upsized tariffs on Chinese solar panels, raised from 25% to 50%, and a new 50% tariff on semiconductors made in China. The move is said to directly benefit U.S. carmakers Ford Motor Co F and General Motors Co GM. Biden's recent measures are part of an all-out campaign to attract undecided voters by pushing protectionist measures aimed at safeguarding U.S. jobs and industrial capabilities. His GOP opponent Donald Trump, who has boasted the more protectionist, anti-China discourse in recent years, maintains a one-point lead, according to the most recent polls. EU Eyes Chinese EVs, Steel, More: Biden's new tariffs build on previous ones imposed by Trump during the previous White House administration. The new tariff announcement synced with another blow to Chinese international commerce coming from across the Atlantic. The European Commission, which is the executive arm of the European Union, is halfway through a probe looking at whether the bloc should impose tariffs on Chinese electric vehicles, following the example of the U.S. Last week, the EU announced several new probes aimed at finding out whether Chinese companies are benefiting from state subsidies that could allow them to market cheaper products in Europe, therefore displacing European companies. The investigations, being carried out by the European Commission, are centered on iron or steel products coming from China, as well as wood flooring and medical devices. Several Chinese products associated with the production of clean energy, including wind turbines, solar panels, are also being researched by the bloc, according to Reuters. Now read: ‘Oh My Word:’ Tesla FSD Wows Boris Johnson As It Drives His Family Around ‘Hair-Raising’ LA Roads; Ex-UK Leader Reveals New Feature In Works Shutterstock illustration. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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