Celanese Corporation


SKU: CE Category:


This is our first report on Celanese Corporation, a global giant in the chemicals and specialty materials domain. The company has witnessed a lot of challenges and headwinds in recent times which is why it delivered a mixed performance in the last quarter. Celanese managed to meet Wall Street expectations in terms of revenues but missed out on earnings. In this quarter, M&M has not been performing in line with the expectation of Celanese Corporation. On the volume side, there are many opportunities between the heritage Celanese assets and M&M. There has been continued growth in the company’s Engineered Materials business. It should increase the prices for an array of products to cope with inflation. The logistical situation has improved as per the management and they have seen improvements in port congestion and its ability to move materials around the world. Also, there is an improvement in product availability. However, a weaker demand outlook has been seen in because of coatings and paints. The LCP margins are going up, and GUR sold out for the EVs battery separator films lithium-ion. Among key updates, they recently finished the acquisition of most of DuPont’s Mobility and Materials business. The company has also been doing a lot to restructure its Acetate Tow business. Overall, we initiate coverage on the stock of Celanese Corporation with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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