Recent News
On August 11, 2025 Celanese announced a new $1.75 billion senior unsecured revolving credit facility that replaces its prior facility and extends maturity to 2030; the company cited the move as a step to manage debt and liquidity and confirmed roughly $1.2 billion in cash at quarter-end.
Technical Analysis
Directional indicators show bearish pressure: DI+ at 16.63 with a decreasing trend and DI– at 27.95 showing a dip-and-reversal pattern; both point to DI– strength and a near-term directional bias toward sellers while ADX at 24.56 indicates only an emerging trend strength rather than an entrenched move. This alignment raises the probability of further downside tests unless DI+ re-accelerates.
MACD sits at -1.67 and trends down with the MACD line below the signal line (-1.39), signaling bearish momentum and reducing the immediacy of trend-following upside relative to recent valuation levels.
MRO at -28.39 with a dip-and-reversal pattern indicates the price sits beneath the model target and carries potential for a corrective increase; that potential acts as a counterweight to outright downside and supports the case for mean-reversion rallies against the prevailing bearish momentum.
RSI at 42.33 and decreasing confirms weakening momentum; the stock trades below the 12-day EMA ($42.90), 20-day average ($43.71), 50-day average ($47.43) and 200-day average ($54.99), which keeps the near-term technical bias negative and suggests rallies will face moving-average resistance into the mid-$40s.
Ichimoku components place price beneath the cloud (Senkou A $47.35, Senkou B $50.25); the Tenkan ($43.79) and Kijun ($44.58) sit above price and signal resistance levels inside the short-term trading band. Bollinger bands compress around the $43.71 mean with the close near the lower 1x band ($41.36), pointing to reduced volatility but asymmetric downside risk toward the 2x lower band ($39.01). Volume trends sit below 10-, 50- and 200-day averages, indicating muted participation during recent moves and raising the likelihood of volatile responses to new fundamental headlines.
Fundamental Analysis
Operating performance shows mixed momentum: total revenue reached $2,532,000,000 with EBIT of $312,000,000 and EBITDA of $505,000,000. YoY revenue growth equals 2.91%, while operating margin stands at 9.83% and EBIT margin at 12.32%—EBIT margin improved QoQ by 76.28% but fell YoY by 8.50%, indicating recent margin recovery from a weaker base.
- Profitability: Net income $199,000,000; return on equity about 3.77% and return on assets about 0.85%—profitability remains moderate given the capital base.
- Cash and Liquidity: Cash and short-term investments $1,173,000,000; current ratio 2.05 and quick ratio 1.22, with a newly executed $1.75 billion revolver extending unsecured liquidity to 2030.
- Leverage: Total debt $13,314,000,000 with net debt $11,768,000,000; debt-to-equity 2.52x (252.35%), and debt-to-EBITDA ~26.36x—capital structure shows material leverage that constrains flexibility absent sustained cash generation.
- Cash Generation: Free cash flow $317,000,000 and free-cash-flow yield about 5.67%; operating cash flow $410,000,000 and cash conversion ratio 0.8707, supporting near-term liquidity while deleveraging remains necessary.
- Earnings: Reported EPS $1.81 vs. estimate $1.43, an EPS surprise of 26.57%; forward EPS $2.405 implies forward P/E ~22.46 versus current P/E ~30.24, suggesting market-implied near-term multiple compression has occurred.
Comparisons to industry peer values (industry peer mean/median/high/low where provided) show EBIT margin (12.32%) sits below the industry peer mean (15.05%) and median (18.29%), while price-to-book at 1.06 comes in below the industry peer mean (5.39) and median (8.22). Free-cash-flow yield (~5.67%) ranks above the industry peer mean (~0.84%). These relative placements indicate operating margins lag typical peer medians even as cash returns appear comparatively better. WMDST values the stock as under-valued given current cash generation, lower relative multiples, and the new credit facility improving liquidity, though elevated leverage tempers valuation upside.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-11 |
| NEXT REPORT DATE: | 2025-11-03 |
| CASH FLOW | Begin Period Cash Flow | $ 951.0 M |
| Operating Cash Flow | $ 410.0 M | |
| Capital Expenditures | $ -93.00 M | |
| Change In Working Capital | $ 82.0 M | |
| Dividends Paid | $ -3.00 M | |
| Cash Flow Delta | $ 222.0 M | |
| End Period Cash Flow | $ 1.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.5 B | |
| Forward Revenue | $ 837.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 2.0 B | |
| Depreciation | $ 193.0 M | |
| Depreciation and Amortization | $ 193.0 M | |
| Research and Development | $ 31.0 M | |
| Total Operating Expenses | $ 2.3 B | |
| PROFITABILITY | ||
| Gross Profit | $ 535.0 M | |
| EBITDA | $ 505.0 M | |
| EBIT | $ 312.0 M | |
| Operating Income | $ 249.0 M | |
| Interest Income | $ 7.0 M | |
| Interest Expense | $ 177.0 M | |
| Net Interest Income | $ -170.00 M | |
| Income Before Tax | $ 135.0 M | |
| Tax Provision | $ -77.00 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 199.0 M | |
| Net Income From Continuing Operations | $ 202.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.43 | |
| EPS Actual | $ 1.81 | |
| EPS Difference | $ 0.38 | |
| EPS Surprise | 26.573 % | |
| Forward EPS | $ 2.40 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 23.7 B | |
| Intangible Assets | $ 9.2 B | |
| Net Tangible Assets | $ -3.96 B | |
| Total Current Assets | $ 5.7 B | |
| Cash and Short-Term Investments | $ 1.2 B | |
| Cash | $ 1.2 B | |
| Net Receivables | $ 1.2 B | |
| Inventory | $ 2.3 B | |
| Long-Term Investments | $ 525.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.3 B | |
| Short-Term Debt | $ 252.0 M | |
| Total Current Liabilities | $ 2.8 B | |
| Net Debt | $ 11.8 B | |
| Total Debt | $ 13.3 B | |
| Total Liabilities | $ 18.0 B | |
| EQUITY | ||
| Total Equity | $ 5.3 B | |
| Retained Earnings | $ 11.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 48.18 | |
| Shares Outstanding | 109.502 M | |
| Revenue Per-Share | $ 23.12 | |
| VALUATION | Market Capitalization | $ 5.6 B |
| Enterprise Value | $ 17.7 B | |
| Enterprise Multiple | 35.119 | |
| Enterprise Multiple QoQ | -30.104 % | |
| Enterprise Multiple YoY | 19.434 % | |
| Enterprise Multiple IPRWA | high: 85.583 median: 84.899 mean: 60.261 CE: 35.119 low: -118.916 |
|
| EV/R | 7.004 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.495 | |
| Asset To Liability | 1.317 | |
| Debt To Capital | 0.716 | |
| Debt To Assets | 0.561 | |
| Debt To Assets QoQ | -0.926 % | |
| Debt To Assets YoY | 633.072 % | |
| Debt To Assets IPRWA | high: 0.733 CE: 0.561 median: 0.378 mean: 0.332 low: 0.021 |
|
| Debt To Equity | 2.523 | |
| Debt To Equity QoQ | -0.45 % | |
| Debt To Equity YoY | 814.676 % | |
| Debt To Equity IPRWA | CE: 2.523 high: 2.178 median: 0.962 mean: 0.767 low: 0.024 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.06 | |
| Price To Book QoQ | -5.075 % | |
| Price To Book YoY | -51.067 % | |
| Price To Book IPRWA | high: 14.757 median: 8.223 mean: 5.386 CE: 1.06 low: 0.307 |
|
| Price To Earnings (P/E) | 30.243 | |
| Price To Earnings QoQ | -67.442 % | |
| Price To Earnings YoY | -49.35 % | |
| Price To Earnings IPRWA | high: 139.289 median: 139.289 mean: 105.719 CE: 30.243 low: -3.22 |
|
| PE/G Ratio | 0.139 | |
| Price To Sales (P/S) | 2.209 | |
| Price To Sales QoQ | -8.881 % | |
| Price To Sales YoY | -62.28 % | |
| Price To Sales IPRWA | high: 20.44 median: 19.039 mean: 13.286 CE: 2.209 low: 0.914 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 22.465 | |
| Forward PE/G | 0.103 | |
| Forward P/S | 6.678 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 14.505 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.108 | |
| Asset Turnover Ratio QoQ | 4.048 % | |
| Asset Turnover Ratio YoY | 5.554 % | |
| Asset Turnover Ratio IPRWA | high: 0.334 median: 0.175 mean: 0.162 CE: 0.108 low: 0.003 |
|
| Receivables Turnover | 2.062 | |
| Receivables Turnover Ratio QoQ | 1.886 % | |
| Receivables Turnover Ratio YoY | -0.716 % | |
| Receivables Turnover Ratio IPRWA | high: 2.422 CE: 2.062 mean: 1.463 median: 1.361 low: 0.117 |
|
| Inventory Turnover | 0.869 | |
| Inventory Turnover Ratio QoQ | 4.3 % | |
| Inventory Turnover Ratio YoY | 4.13 % | |
| Inventory Turnover Ratio IPRWA | high: 2.465 median: 1.426 mean: 1.186 CE: 0.869 low: 0.034 |
|
| Days Sales Outstanding (DSO) | 44.256 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 91.955 | |
| Cash Conversion Cycle Days QoQ | -4.409 % | |
| Cash Conversion Cycle Days YoY | 8.701 % | |
| Cash Conversion Cycle Days IPRWA | high: 488.171 mean: 93.942 CE: 91.955 median: 55.264 low: 5.01 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.871 | |
| CapEx To Revenue | -0.037 | |
| CapEx To Depreciation | -0.482 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 18.0 B | |
| Net Invested Capital | $ 18.2 B | |
| Invested Capital | $ 18.2 B | |
| Net Tangible Assets | $ -3.96 B | |
| Net Working Capital | $ 2.9 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.424 | |
| Current Ratio | 2.051 | |
| Current Ratio QoQ | 5.879 % | |
| Current Ratio YoY | 60.701 % | |
| Current Ratio IPRWA | high: 6.372 CE: 2.051 mean: 1.972 median: 1.442 low: 1.35 |
|
| Quick Ratio | 1.224 | |
| Quick Ratio QoQ | 10.123 % | |
| Quick Ratio YoY | 64.61 % | |
| Quick Ratio IPRWA | high: 3.851 mean: 1.336 CE: 1.224 median: 1.122 low: 0.803 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 26.364 | |
| Cost Of Debt | 1.057 % | |
| Interest Coverage Ratio | 1.763 | |
| Interest Coverage Ratio QoQ | 79.438 % | |
| Interest Coverage Ratio YoY | -14.086 % | |
| Interest Coverage Ratio IPRWA | high: 24.749 median: 9.66 mean: 8.486 CE: 1.763 low: -21.281 |
|
| Operating Cash Flow Ratio | 0.147 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 61.938 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 66.333 | |
| Dividend Payout Ratio | 0.015 | |
| Dividend Rate | $ 0.03 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.224 % | |
| Revenue Growth | 5.986 % | |
| Revenue Growth QoQ | 646.384 % | |
| Revenue Growth YoY | 290.731 % | |
| Revenue Growth IPRWA | high: 47.859 % median: 8.936 % mean: 8.304 % CE: 5.986 % low: -4.472 % |
|
| Earnings Growth | 217.544 % | |
| Earnings Growth QoQ | -458.451 % | |
| Earnings Growth YoY | 1408.313 % | |
| Earnings Growth IPRWA | high: 346.154 % CE: 217.544 % median: 26.0 % mean: 18.897 % low: -380.0 % |
|
| MARGINS | ||
| Gross Margin | 21.13 % | |
| Gross Margin QoQ | 6.048 % | |
| Gross Margin YoY | -12.614 % | |
| Gross Margin IPRWA | high: 62.406 % median: 44.778 % mean: 38.279 % CE: 21.13 % low: -24.576 % |
|
| EBIT Margin | 12.322 % | |
| EBIT Margin QoQ | 76.28 % | |
| EBIT Margin YoY | -8.502 % | |
| EBIT Margin IPRWA | high: 46.541 % median: 18.287 % mean: 15.053 % CE: 12.322 % low: -33.607 % |
|
| Return On Sales (ROS) | 9.834 % | |
| Return On Sales QoQ | 40.687 % | |
| Return On Sales YoY | -26.977 % | |
| Return On Sales IPRWA | high: 23.528 % median: 18.253 % mean: 14.161 % CE: 9.834 % low: -33.437 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 317.0 M | |
| Free Cash Flow Yield | 5.667 % | |
| Free Cash Flow Yield QoQ | -605.08 % | |
| Free Cash Flow Yield YoY | 370.681 % | |
| Free Cash Flow Yield IPRWA | CE: 5.667 % high: 5.199 % mean: 0.837 % median: 0.633 % low: -1.464 % |
|
| Free Cash Growth | -587.692 % | |
| Free Cash Growth QoQ | 403.549 % | |
| Free Cash Growth YoY | -5.126 % | |
| Free Cash Growth IPRWA | high: 333.766 % median: 266.0 % mean: 34.95 % CE: -587.692 % low: -926.923 % |
|
| Free Cash To Net Income | 1.593 | |
| Cash Flow Margin | 16.035 % | |
| Cash Flow To Earnings | 2.04 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.848 % | |
| Return On Assets QoQ | -1031.868 % | |
| Return On Assets YoY | 41.806 % | |
| Return On Assets IPRWA | high: 11.068 % median: 2.274 % mean: 1.475 % CE: 0.848 % low: -15.06 % |
|
| Return On Capital Employed (ROCE) | 1.49 % | |
| Return On Equity (ROE) | 0.038 | |
| Return On Equity QoQ | -1031.358 % | |
| Return On Equity YoY | 74.387 % | |
| Return On Equity IPRWA | high: 0.233 median: 0.056 CE: 0.038 mean: 0.037 low: -0.393 |
|
| DuPont ROE | 3.804 % | |
| Return On Invested Capital (ROIC) | 1.353 % | |
| Return On Invested Capital QoQ | 142.473 % | |
| Return On Invested Capital YoY | -96.427 % | |
| Return On Invested Capital IPRWA | high: 4.864 % median: 3.363 % mean: 2.51 % CE: 1.353 % low: -6.68 % |
|