Celanese Corporation Intrinsic Value – CELANESE CORPORATION Reports Q3 FY2023 Financial Results

🌥️Earnings Overview

On November 6 2023, CELANESE CORPORATION ($NYSE:CE) released their financial results for the third quarter ending on that date. Total revenue amounted to USD 2723.0 million, an impressive 18.3% year-over-year growth. Net income was also significantly higher than the previous year, totaling USD 951.0 million compared to USD 191.0 million in the same quarter of FY2022.

Market Price

On Monday, CELANESE CORPORATION reported its financial results for the third quarter of FY2023. Stock for the company opened at $121.1 and closed at $120.0, down by 0.8% from previous closing price of 121.0. In response to these results, Chief Executive Officer Mark Rohr stated, “We are pleased with our third quarter performance, which reflects our commitment to operational excellence and our ability to execute on our strategic initiatives that support profitable growth.” He went on to say that CELANESE CORPORATION remains committed to driving value for its customers and shareholders in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Celanese Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Celanese Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Celanese Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Celanese Corporation are shown below. More…

Analysis – Celanese Corporation Intrinsic Value

At GoodWhale, we conducted an analysis of CELANESE CORPORATION‘s fundamentals. We believe the fair value of CELANESE CORPORATION’s share to be $167.9, which we calculated using our proprietary Valuation Line. This is 28.5% higher than the current stock price of $120.0. This suggests that CELANESE CORPORATION’s stock is currently undervalued and could be a great potential investment opportunity. 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

Investors in Celanese Corporation should be pleased with the company’s financial results for the third quarter of FY2023. Revenue increased by 18.3% year-over-year, and net income rose from USD 191 million to USD 951 million. Investors should continue to closely monitor Celanese Corporation’s financial progress as it looks to capitalize on this impressive performance in FY2023.