Berkshire Hathaway No Longer Holds Stake in Celanese Corporation
November 16, 2023
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Berkshire Hathaway, the investment conglomerate led by Warren Buffett, recently announced it has disposed of its stake in Celanese Corporation ($NYSE:CE). Celanese Corporation is a global technology and specialty materials company that produces and offers a wide range of products, from industrial plastics to specialty chemical performance products. Celanese has leading positions in many of its market segments, and has operations in North America, Europe, Asia, and South America. Its broad portfolio of products is used in a wide range of consumer and industrial applications, including automotive, consumer electronics and medical devices. The company’s stock has performed well over the last five years, with share prices reaching all-time highs.
Berkshire Hathaway’s decision to no longer hold shares in Celanese Corporation is a sign of the company’s changing strategies under Warren Buffett’s leadership. Investors will be watching closely to see how this move affects their holdings in the company. Regardless, it is clear that Celanese Corporation remains an attractive investment for many investors.
Price History
On Wednesday, the share price of CELANESE CORPORATION opened at $125.7 and closed at $127.3, representing a 1.2% increase from its prior closing price of $125.8. This marks an important milestone for the company, as Berkshire Hathaway divested its stake in Celanese Corporation. As of Wednesday, Berkshire Hathaway no longer holds any stake in the company. It is unclear whether the decision to divest was based on market performance or other factors.
The divestment comes at a time when Celanese Corporation has seen strong performance in the stock market. With Berkshire Hathaway no longer holding a stake in Celanese Corporation, investors may be more likely to invest in the company and drive its stock price higher. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Celanese Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 10.3k | 1.27k | 11.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Celanese Corporation. More…
| Operations | Investing | Financing |
| 1.67k | -11.2k | 10.03k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Celanese Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.65k | 19.56k | 51.67 |
Key Ratios Snapshot
Some of the financial key ratios for Celanese Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.0% | 9.2% | 12.4% |
| FCF Margin | ROE | ROA |
| 10.5% | 14.1% | 3.1% |
Analysis
GoodWhale analyzed CELANESE CORPORATION‘s financials and found that the company had a high health score of 8/10 considering its cashflows and debt, showing that it is able to sustain future operations in times of crisis. CELANESE CORPORATION is classified as a ‘rhino’, a type of company we conclude has achieved moderate revenue or earnings growth. Investors who are interested in CELANESE CORPORATION should consider the company’s strong dividend performance, medium asset growth, profitability, and overall balance sheet strength. The company has a well-rounded financial performance and is suitable for long-term investments. More…
Peers
Celanese’s product portfolio includes acetyl intermediates, plastics, films, and synthetic fibers. The company operates in two segments: Advanced Engineered Materials and Industrial Specialties. Celanese’s competitors include Dow Inc, DuPont de Nemours Inc, and Showa Denko KK.
– Dow Inc ($NYSE:DOW)
Dow Inc is a publicly traded company with a market capitalization of $35.24 billion as of 2022. The company’s return on equity is 26.96%. Dow Inc is a diversified chemical company that produces and sells chemicals, plastics, and agricultural products. The company operates in more than 80 countries and employs approximately 36,000 people.
– DuPont de Nemours Inc ($NYSE:DD)
DuPont de Nemours Inc is a large chemical company with a market cap of 34.47B as of 2022. The company has a ROE of 6.8%. DuPont is a science company that delivers science-based solutions to make people’s lives better, healthier and safer.
– Showa Denko KK ($TSE:4004)
Show Denko KK is a Japanese company that manufactures and sells chemicals and materials. The company has a market capitalization of 406.88 billion as of 2022 and a return on equity of 7.29%. Showa Denko is a diversified company with businesses ranging from petrochemicals to electronics. The company is one of the largest producers of aluminum oxide in the world and also produces and sells a variety of other chemicals and materials.
Summary
Celanese Corporation is a leading global chemical and specialty materials company. In the past, Berkshire Hathaway held shares of Celanese Corporation. From an investing perspective, Celanese Corporation is an attractive option for investors due to its strong cash flow and impressive profitability.
Looking ahead, the company has a solid pipeline of new products and services that should drive growth in the coming years. Investors should consider Celanese Corporation when making their investment decisions.
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