Celanese Corporation


SKU: CE Category:


Celanese Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings. In navigating the Acetyl Chain, Celanese’s management persists in bolstering its earnings potential and strategic flexibility through initiatives such as the acetic acid expansion at Clear Lake and the methanol expansion, both significant contributors to fortifying the portfolio of sustainable products. Within Engineering Materials, the assimilation and synergy stemming from the M&M acquisition have propelled EM into the forefront as a global provider of specialty materials. This transformative endeavor, while invaluable, encounters challenges amid a persistently weak and volatile demand backdrop, limiting foresight into future macro conditions. Despite these hurdles, the dedicated teams have achieved three consecutive quarters of earnings growth post-M&M acquisition, positioning the company to surpass its annual target of reducing net debt by $1 billion in 2023. Though temporarily obscuring some of the underlying financial benefits of strategic actions, the current macro environment has not deterred the company’s resolve to take decisive and controllable measures. The company’s recent introduction of two innovative polyamide solutions for EV battery manufacturers and powertrain components highlights its dedication to accelerating earnings growth and implementing the deleveraging plan.

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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