Added to YB: 2024-11-27
Pitch date: 2024-11-26
CE [bullish]
Celanese Corporation
-24.7%
current return
Author Info
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Company Info
Celanese Corporation, a chemical and specialty materials company, manufactures and sells engineered polymers worldwide.
Market Cap
$5.8B
Pitch Price
$72.93
Price Target
N/A
Dividend
0.23%
EV/EBITDA
10.44
P/E
-1.88
EV/Sales
1.85
Sector
Chemicals
Category
turnaround
Celanese Corp ($CE) | Chemical Giant Down 50% with Huge Potential?
CE: Specialty chemicals co. down 58% on debt & demand fears. $11B M&M acquisition adds $400M FCF by 2026. $6.3B debt due in 3yrs vs $800M cash. Cost cuts, $1B loan, 95% div cut help. FCF est: $800M 2025, $1B 2026, $1.2B 2027. Refinancing/divestitures needed. Quality biz, 12x FCF potential post-deleveraging.
Read full article (5 min)