Celanese (CE)
Market Price (5/30/2026): $53.13 | Market Cap: $5.8 BilSector: Materials | Industry: Specialty Chemicals
Celanese (CE)
Market Price (5/30/2026): $53.13Market Cap: $5.8 BilSector: MaterialsIndustry: Specialty Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Attractive yieldFCF Yield is 15% Megatrend and thematic driversMegatrends include Advanced Materials, and Circular Economy & Recycling. Themes include Specialty Chemicals for Performance, Advanced Recycling Technologies, Show more. | Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -132% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 191% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5%, Rev Chg QQuarterly Revenue Change % is -2.2% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23% Key risksCE key risks include [1] high financial leverage with distress-level indicators suggesting potential bankruptcy risk, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Attractive yieldFCF Yield is 15% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Circular Economy & Recycling. Themes include Specialty Chemicals for Performance, Advanced Recycling Technologies, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -108%, 3Y Excs Rtn is -132% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 191% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.5%, Rev Chg QQuarterly Revenue Change % is -2.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -23% |
| Key risksCE key risks include [1] high financial leverage with distress-level indicators suggesting potential bankruptcy risk, Show more. |
Qualitative Assessment
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Celanese (CE) stock has gained about 20% since 1/31/2026 because of the following key factors:
1. Stronger-than-expected forward guidance, particularly for Q2 2026 earnings and full-year free cash flow, significantly boosted investor confidence.
Despite a slight miss on Q1 2026 adjusted earnings per share (EPS) of $0.85 against an estimated $0.87 or $0.88, Celanese provided an optimistic outlook for the remainder of the year. Management projected Q2 2026 adjusted EPS in the range of $2.00 to $2.40, notably exceeding analyst estimates, and anticipated approximately $3.00 of adjusted EPS for the second half of 2026. Additionally, the company raised its full-year 2026 free cash flow guidance to $700-$800 million, signaling confidence in future cash generation and deleveraging efforts.
2. Robust performance in the Engineered Materials segment and ongoing strategic cost optimization initiatives contributed to improved profitability.
The Engineered Materials segment reported strong Q1 2026 operating EBITDA of $324 million with a 25% margin, reflecting benefits from favorable product mix and effective cost actions. This segment has consistently achieved EBITDA margins above 20% due to structural improvements. Furthermore, Celanese announced strategic initiatives to achieve $30 million in cost savings within its nylon 6,6 business through actions such as the intended closure of its Singapore polymerization unit.
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Stock Movement Drivers
Fundamental Drivers
The 19.7% change in CE stock from 1/31/2026 to 5/29/2026 was primarily driven by a 22.4% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.39 | 53.13 | 19.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,698 | 9,492 | -2.1% |
| P/S Multiple | 0.5 | 0.6 | 22.4% |
| Shares Outstanding (Mil) | 110 | 110 | -0.1% |
| Cumulative Contribution | 19.7% |
Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| CE | 19.7% | |
| Market (SPY) | 9.6% | -8.6% |
| Sector (XLB) | 4.3% | 33.4% |
Fundamental Drivers
The 38.4% change in CE stock from 10/31/2025 to 5/29/2026 was primarily driven by a 44.9% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.40 | 53.13 | 38.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,927 | 9,492 | -4.4% |
| P/S Multiple | 0.4 | 0.6 | 44.9% |
| Shares Outstanding (Mil) | 110 | 110 | -0.1% |
| Cumulative Contribution | 38.4% |
Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| CE | 38.4% | |
| Market (SPY) | 11.5% | 7.1% |
| Sector (XLB) | 20.6% | 42.9% |
Fundamental Drivers
The 19.6% change in CE stock from 4/30/2025 to 5/29/2026 was primarily driven by a 29.8% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.41 | 53.13 | 19.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,268 | 9,492 | -7.6% |
| P/S Multiple | 0.5 | 0.6 | 29.8% |
| Shares Outstanding (Mil) | 109 | 110 | -0.3% |
| Cumulative Contribution | 19.6% |
Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| CE | 19.6% | |
| Market (SPY) | 38.0% | 21.1% |
| Sector (XLB) | 24.3% | 50.2% |
Fundamental Drivers
The -48.2% change in CE stock from 4/30/2023 to 5/29/2026 was primarily driven by a -46.7% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 102.60 | 53.13 | -48.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,673 | 9,492 | -1.9% |
| P/S Multiple | 1.2 | 0.6 | -46.7% |
| Shares Outstanding (Mil) | 109 | 110 | -1.1% |
| Cumulative Contribution | -48.2% |
Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| CE | -48.2% | |
| Market (SPY) | 89.0% | 39.5% |
| Sector (XLB) | 34.7% | 60.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CE Return | 32% | -38% | 56% | -55% | -39% | 26% | -55% |
| Peers Return | 14% | -9% | 21% | -10% | -20% | 34% | 21% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| CE Win Rate | 67% | 50% | 50% | 33% | 50% | 80% | |
| Peers Win Rate | 53% | 53% | 42% | 43% | 43% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| CE Max Drawdown | -14% | -49% | -21% | -60% | -52% | -24% | |
| Peers Max Drawdown | -24% | -39% | -18% | -26% | -44% | -20% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EMN, DOW, DD, LYB, WLK. See CE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
| Event | CE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.7% | -18.8% |
| % Gain to Breakeven | 46.4% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -17.9% | -6.7% |
| % Gain to Breakeven | 21.8% | 7.1% |
| Time to Breakeven | 111 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -46.7% | -24.5% |
| % Gain to Breakeven | 87.8% | 32.4% |
| Time to Breakeven | 536 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.4% | -33.7% |
| % Gain to Breakeven | 83.1% | 50.9% |
| Time to Breakeven | 180 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.6% | -19.2% |
| % Gain to Breakeven | 34.5% | 23.8% |
| Time to Breakeven | 219 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.8% | -12.2% |
| % Gain to Breakeven | 18.7% | 13.9% |
| Time to Breakeven | 43 days | 62 days |
In The Past
Celanese's stock fell -31.7% during the 2025 US Tariff Shock. Such a loss loss requires a 46.4% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | CE | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.7% | -18.8% |
| % Gain to Breakeven | 46.4% | 23.1% |
| Time to Breakeven | 49 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -46.7% | -24.5% |
| % Gain to Breakeven | 87.8% | 32.4% |
| Time to Breakeven | 536 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.4% | -33.7% |
| % Gain to Breakeven | 83.1% | 50.9% |
| Time to Breakeven | 180 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.6% | -19.2% |
| % Gain to Breakeven | 34.5% | 23.8% |
| Time to Breakeven | 219 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -45.3% | -17.9% |
| % Gain to Breakeven | 82.9% | 21.8% |
| Time to Breakeven | 748 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -31.6% | -15.4% |
| % Gain to Breakeven | 46.2% | 18.2% |
| Time to Breakeven | 111 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -82.1% | -53.4% |
| % Gain to Breakeven | 457.5% | 114.4% |
| Time to Breakeven | 671 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -21.9% | -8.6% |
| % Gain to Breakeven | 28.1% | 9.5% |
| Time to Breakeven | 71 days | 47 days |
In The Past
Celanese's stock fell -31.7% during the 2025 US Tariff Shock. Such a loss loss requires a 46.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Celanese (CE)
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1. Like a modern, specialized DuPont, making essential chemical building blocks and advanced materials for countless products, from car parts to food additives.
2. Imagine a focused version of BASF, supplying critical chemical ingredients and high-performance polymers to a wide array of industries, acting as a crucial "behind-the-scenes" supplier.
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Celanese (CE) offers a diverse range of specialty materials and chemical products:
- Specialty Polymers: High-performance engineered polymers used in automotive, medical, industrial, and consumer electronics applications.
- Sweeteners and Food Protection Ingredients: Products like acesulfame potassium (a sweetener) and food preservatives such as potassium sorbate and sorbic acid.
- Acetate Tows and Flakes: Materials primarily used in the manufacturing of filter products.
- Acetyl Products: A portfolio of chemicals including acetic acid, vinyl acetate monomers, and acetate esters, which serve as starting materials for numerous industrial applications.
- Vinyl Acetate-Based Emulsions: Key components for paints, coatings, adhesives, construction, and textile applications.
- Ethylene Vinyl Acetate (EVA) Resins and Compounds: Used in flexible packaging films, hot melt adhesives, and automotive parts.
- Polyethylenes: Includes low-density polyethylene and ultra-high molecular weight polyethylene for various industrial and consumer applications.
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Celanese Corporation (CE) primarily sells its products to other companies, serving as a key supplier of specialty materials, polymers, and chemical products across a wide range of industries globally. Its customer base includes:
- Companies in the automotive, medical, industrial products, and consumer electronics sectors, utilizing Celanese's high-performance engineered polymers.
- Food and beverage manufacturers as well as personal care product companies, for ingredients such as acesulfame potassium (sweetener) and food protection ingredients (potassium sorbate, sorbic acid).
- Manufacturers of filter products that use acetate tows and flakes.
- Companies in the chemical, pharmaceutical, agricultural, paint and coatings, adhesives, construction, glass fiber, textile, and paper industries, which use Celanese's acetyl products (e.g., acetic acid, vinyl acetate monomers, acetic anhydride), organic solvents, intermediates, and vinyl acetate-based emulsions as starting materials or components.
- Manufacturers in flexible packaging, hot melt adhesives, automotive parts, and carpeting applications that utilize ethylene vinyl acetate resins and compounds, and low-density polyethylene.
While Celanese serves a diverse global customer base across these B2B sectors, the provided information does not explicitly name specific major customer companies or their public symbols.
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- Mitsui & Co., Ltd. (TYO: 8031)
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Scott A. Richardson Chief Executive Officer and President
Scott A. Richardson was appointed Chief Executive Officer and President of Celanese, effective January 1, 2025. Prior to this role, he served as Chief Operating Officer. He was also the Chief Financial Officer for Celanese from February 2018 until November 2023. Richardson joined Celanese in 2005 and has held several key management positions within the company, including Senior Vice President of Engineered Materials and Vice President and General Manager of the Acetyl Chain. Before joining Celanese, he worked as a Senior Financial Analyst at American Airlines. He holds a Bachelor of Arts in Accounting and a Master of Business Administration in Finance.
Chuck Kyrish Senior Vice President and Chief Financial Officer
Chuck Kyrish was named Senior Vice President and Chief Financial Officer, effective November 8, 2023. He has been with Celanese since 2006 and has held various finance leadership roles, including Vice President of Corporate Finance, Chief Financial Officer for the Acetyl Chain, Vice President Investor Relations, and Vice President M&A and Integration Finance.
Ashley Duffie Senior Vice President, General Counsel and Corporate Secretary
Ashley Duffie serves as the Senior Vice President, General Counsel and Corporate Secretary of Celanese. She was appointed Senior Vice President and General Counsel, effective November 8, 2023.
Todd Elliott Senior Vice President, Engineered Materials
Todd Elliott is the Senior Vice President, Engineered Materials at Celanese.
Belinda Hyde Senior Vice President and Chief Human Resources Officer
Belinda Hyde holds the position of Senior Vice President and Chief Human Resources Officer at Celanese.
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Celanese Corporation (CE) faces several key risks to its business operations.The most significant risk for Celanese is its **high leverage and ongoing deleveraging efforts**, particularly following the 2022 acquisition of DuPont's Mobility & Materials (M&M) business. This acquisition significantly increased the company's debt burden, leading to substantial refinancing risk, with $3.5 billion in debt maturities due by 2027. The company's ability to generate sufficient free cash flow and achieve its deleveraging targets is crucial, as indicated by a high debt-to-equity ratio and an Altman Z-Score placing it in the distress zone.
Secondly, Celanese is highly susceptible to **macroeconomic sensitivity and weak demand** in its key end markets. As a "late-cycle industrial player," its performance is closely tied to global GDP growth. Persistent weak demand in sectors such as construction and automotive is expected to continue impacting both the Engineered Materials and Acetyl Chain segments. Additionally, the company faces sector-specific risks related to commodity price volatility, which can squeeze margins.
A third significant risk is the **execution and integration challenges related to the DuPont Mobility & Materials (M&M) acquisition**. The integration of these assets has been complex, and there is a risk that management may fail to achieve the targeted synergies, which could negatively impact financial performance and debt-to-EBITDA targets.
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Here are the addressable market sizes for Celanese's main products or services:
- Acesulfame Potassium: The global acesulfame potassium market size was estimated at approximately USD 263.8 million in 2024 and is predicted to grow to around USD 473.5 million by 2035.
- Potassium Sorbate: The global potassium sorbate market size was valued at USD 191.77 million in 2025 and is projected to reach USD 286.58 million by 2034.
- Sorbic Acid: The global sorbic acid market size is estimated at USD 589.5 million in 2025 and is projected to reach USD 857.7 million by 2034.
- Acetate Tow: The global acetate tow market size was estimated at USD 2.648 billion in 2024 and is projected to grow to USD 4.66 billion by 2035.
- Acetic Acid: The global acetic acid market size was valued at USD 18.33 billion in 2025 and is projected to reach USD 33.12 billion by 2034.
- Vinyl Acetate Monomer (VAM): The global vinyl acetate monomer market was estimated at USD 17.3 billion in 2025 and is expected to grow to USD 26.2 billion by 2035.
- Acetic Anhydride: The global acetic anhydride market is estimated to be valued at USD 6.8 billion in 2025 and is projected to reach USD 8.9 billion by 2035.
- Vinyl Acetate-Ethylene (VAE) Emulsions: The global VAE emulsion market size was estimated at USD 7.59 billion in 2024 and is expected to reach USD 10.19 billion by 2030.
- Low-Density Polyethylene (LDPE): The global Low-Density Polyethylene (LDPE) market size is projected at USD 50312.27 million in 2026 and is expected to hit USD 91249.97 million by 2035.
- Ultra-High Molecular Weight Polyethylene (UHMWPE): The global ultra-high molecular weight polyethylene market size is projected to grow from USD 3.45 billion in 2024 to USD 15.28 billion by 2035.
For high-performance engineered polymers (general category), acetate esters, and ethylene vinyl acetate (EVA) resins and compounds as standalone markets, specific addressable market sizes were not found. Therefore, for these products, the market size is null.
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Celanese Corporation (CE) is expected to drive future revenue growth over the next two to three years through several strategic initiatives across its business segments.
One primary driver is the company's focus on high-growth applications within its Engineered Materials segment, specifically in electric vehicles (EVs), medical devices, and electronics, including those related to AI and data centers. Celanese has prioritized these opportunities, observing a 24% increase in the average value of projects secured in these segments in 2024. The strategic acquisition of the majority of DuPont's Mobility & Materials business in late 2022 significantly bolstered Celanese's Engineered Materials portfolio, expanding its market share in engineering resins and adding a broad range of engineered thermoplastics and elastomers. Furthermore, the expanded Michigan Technology Center, opened in February 2026, is designed to accelerate customer innovation, shorten development cycles, and deepen co-development with customers in key end markets such as automotive, electrical & electronics, and medical.
Another significant driver is the capacity expansion and enhanced cost competitiveness within the Acetyl Chain segment. The startup of a new 1.3 million ton acetic acid facility in Clear Lake, Texas, in March 2024, is a key initiative, positioning it as a globally competitive and low-carbon footprint operation. This expansion aims to enhance the competitive cost position, sustainable footprint, and operational flexibility of the Acetyl Chain business to meet future demand growth. Additionally, Celanese inaugurated a new vinyl acetate ethylene (VAE) unit in Nanjing, China, increasing capacity by 70 kt to address growing regional demand in Asia for VAE and downstream redispersible polymer powders (RDP).
Strategic price increases for Engineered Materials products are also expected to contribute to revenue growth. Celanese announced price increases for a range of its engineered materials products, including POM, UHMW-PE, LCP/PCT, PPS, PA 6, and PA 66, effective April 1, 2026. These increases vary by region and material type and are in response to market developments and global supply chain disruptions.
Finally, targeted geographic market penetration, particularly in Asia, supported by innovation centers, is a key growth strategy. The company is strengthening its global footprint with the expansion of its Asia Technology Center (ATC) in Shanghai, China, unveiled in October 2024. This expansion is designed to accelerate innovation and services in rapidly expanding Asian markets.
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Share Repurchases
- In the first half of 2021, Celanese deployed $500 million to repurchase shares under a previous authorization.
- In July 2021, the Board of Directors approved a new $1.0 billion share repurchase authorization.
- As of June 30, 2021, approximately $560 million remained under the existing share repurchase authorization, which combined with the new authorization, totaled $1.56 billion available for future repurchases.
Outbound Investments
- In 2022, Celanese purchased DuPont's Mobility & Materials business.
- The company is progressing on a $1 billion divestiture plan by 2027, including the completed sale of its Micromax business for $492 million in 2025.
Capital Expenditures
- Celanese reported capital expenditures of -$1.15 billion in 2025, -$435 million in 2024, -$568 million in 2023, -$543 million in 2022, and -$467 million in 2021.
- The company anticipated capital expenditures between $400 million and $450 million for 2024, with maintenance CapEx estimated at $300 million to $350 million.
- Capital expenditures are focused on increasing energy efficiency, improving reliability, recovering and reusing waste heat, and increasing the purchase of renewable energy and sustainable raw materials, with $20 million to $50 million expected for environmental control measures in both 2025 and 2026.
Latest Trefis Analyses
Trade Ideas
Select ideas related to CE.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | CDE | Coeur Mining | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 03272026 | AXTA | Axalta Coating Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.9% | 5.9% | -2.7% |
| 03272026 | IFF | International Flavors & Fragrances | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.1% | -1.1% | -3.0% |
| 03132026 | IP | International Paper | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -18.3% | -18.3% | -18.3% |
| 03062026 | ARIS | Aris Mining | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.4% | -7.4% | -16.7% |
| 08312022 | CE | Celanese | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.4% | 16.9% | -20.8% |
| 02282022 | CE | Celanese | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.5% | -14.5% | -36.2% |
| 06302020 | CE | Celanese | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 49.4% | 79.4% | -2.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 59.89 |
| Mkt Cap | 15.5 |
| Rev LTM | 10,234 |
| Op Inc LTM | 712 |
| FCF LTM | 168 |
| FCF 3Y Avg | 545 |
| CFO LTM | 1,092 |
| CFO 3Y Avg | 1,282 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.7% |
| Rev Chg 3Y Avg | -9.6% |
| Rev Chg Q | -5.5% |
| QoQ Delta Rev Chg LTM | -1.4% |
| Op Inc Chg LTM | -49.7% |
| Op Inc Chg 3Y Avg | -31.3% |
| Op Mgn LTM | 5.7% |
| Op Mgn 3Y Avg | 8.0% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 7.3% |
| CFO/Rev 3Y Avg | 10.5% |
| FCF/Rev LTM | 1.2% |
| FCF/Rev 3Y Avg | 3.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.5 |
| P/S | 0.9 |
| P/Op Inc | 16.3 |
| P/EBIT | -10.6 |
| P/E | -7.7 |
| P/CFO | 10.2 |
| Total Yield | -2.1% |
| Dividend Yield | 2.4% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.4% |
| 3M Rtn | 4.1% |
| 6M Rtn | 29.5% |
| 12M Rtn | 25.5% |
| 3Y Rtn | -11.1% |
| 1M Excs Rtn | -17.7% |
| 3M Excs Rtn | -6.1% |
| 6M Excs Rtn | 25.2% |
| 12M Excs Rtn | -1.8% |
| 3Y Excs Rtn | -98.1% |
Comparison Analyses
Price Behavior
| Market Price | $53.13 | |
| Market Cap ($ Bil) | 5.8 | |
| First Trading Date | 01/21/2005 | |
| Distance from 52W High | -23.3% | |
| 50 Days | 200 Days | |
| DMA Price | $61.38 | $49.13 |
| DMA Trend | up | up |
| Distance from DMA | -13.4% | 8.1% |
| 3M | 1YR | |
| Volatility | 62.7% | 56.0% |
| Downside Capture | -58.34 | 92.17 |
| Upside Capture | -13.44 | 60.97 |
| Correlation (SPY) | -12.3% | 18.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.73 | -0.53 | -0.27 | 0.51 | 1.05 | 1.33 |
| Up Beta | -0.11 | -0.62 | 0.15 | 0.62 | 1.40 | 1.45 |
| Down Beta | -2.31 | 0.40 | 1.18 | 0.93 | 1.31 | 1.79 |
| Up Capture | -36% | 19% | -2% | 92% | 86% | 54% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 11 | 22 | 33 | 65 | 125 | 375 |
| Down Capture | -538% | -199% | -220% | -32% | 73% | 105% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 21 | 31 | 60 | 127 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CE | |
|---|---|---|---|---|
| CE | -1.3% | 55.9% | 0.18 | - |
| Sector ETF (XLB) | 21.4% | 16.7% | 0.98 | 50.2% |
| Equity (SPY) | 30.3% | 11.8% | 1.94 | 18.3% |
| Gold (GLD) | 37.5% | 26.7% | 1.17 | -2.5% |
| Commodities (DBC) | 39.6% | 18.8% | 1.63 | 15.9% |
| Real Estate (VNQ) | 12.5% | 13.1% | 0.64 | 29.2% |
| Bitcoin (BTCUSD) | -31.8% | 41.6% | -0.81 | 15.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CE | |
|---|---|---|---|---|
| CE | -18.9% | 44.9% | -0.32 | - |
| Sector ETF (XLB) | 5.5% | 18.9% | 0.19 | 65.4% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 47.8% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 5.1% |
| Commodities (DBC) | 10.2% | 19.4% | 0.41 | 22.9% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 43.6% |
| Bitcoin (BTCUSD) | 14.6% | 54.6% | 0.46 | 17.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CE | |
|---|---|---|---|---|
| CE | -0.8% | 39.1% | 0.11 | - |
| Sector ETF (XLB) | 10.5% | 20.6% | 0.45 | 70.4% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 56.9% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | 1.3% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 29.3% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 49.2% |
| Bitcoin (BTCUSD) | 67.0% | 66.9% | 1.06 | 13.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated N/A/N/A/N/A| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -10.0% | -13.8% | |
| 2/17/2026 | -1.6% | -4.7% | 7.5% |
| 11/6/2025 | 14.4% | 10.7% | 11.3% |
| 8/11/2025 | -13.1% | -9.1% | -6.7% |
| 5/5/2025 | 9.6% | 21.8% | 22.1% |
| 2/18/2025 | -21.5% | -22.1% | -18.1% |
| 11/4/2024 | -26.3% | -36.3% | -42.6% |
| 8/1/2024 | -4.4% | -8.1% | -5.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 15 |
| # Negative | 13 | 14 | 8 |
| Median Positive | 2.6% | 5.5% | 10.8% |
| Median Negative | -3.4% | -4.9% | -10.9% |
| Max Positive | 14.4% | 21.8% | 22.1% |
| Max Negative | -26.3% | -36.3% | -42.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
Recent Forward Guidance
Updated 5/28/2026Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 EPS | 2 | 2.2 | 2.4 | 183.9% | Higher New | Actual: 0.78 for Q1 2026 | |
| 2026 Free Cash Flow | 700.00 Mil | 750.00 Mil | 800.00 Mil | 7.1% | Raised | Guidance: 700.00 Mil for 2026 | |
| 2026 EPS | 3 | ||||||
| 2026 Net Debt to Operating EBITDA Ratio | 4.8 | ||||||
Prior: Q4 2025 Earnings Reported 2/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Adjusted EPS | 0.7 | 0.78 | 0.85 | -16.2% | Lowered | Guidance: 0.93 for Q4 2025 | |
| 2026 Free Cash Flow | 650.00 Mil | 700.00 Mil | 750.00 Mil | -6.7% | Lowered | Guidance: 750.00 Mil for 2025 | |
Insider Activity
Updated 5/13/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Richardson, Scott A | CEO & President | Direct | Buy | 12122025 | 41.59 | 3,800 | 158,042 | 2,929,955 | Form |
| 2 | Kyrish, Chuck | SVP & CFO | Direct | Buy | 12112025 | 41.03 | 5,000 | 205,150 | 447,821 | Form |
| 3 | Go, Timothy | Direct | Buy | 9092025 | 46.25 | 1,039 | 48,053 | 204,192 | Form | |
| 4 | Murray, Mark Christopher | SVP - Acetyls | Direct | Buy | 8182025 | 41.83 | 2,017 | 84,371 | 711,110 | Form |
| 5 | Sutton, Scott McDougald | Direct | Buy | 8182025 | 40.89 | 2,000 | 81,787 | 833,246 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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