Celanese Stock Z Score

CE Stock

USD 155.43 0.62 0.40%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Celanese Piotroski F Score and Celanese Valuation analysis.

For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.

At present, Celanese's Long Term Debt To Capitalization is projected to increase slightly based on the last few years of reporting. The current year's Total Debt To Capitalization is expected to grow to 0.73, whereas Net Invested Capital is forecasted to decline to about 11.9 B. At present, Celanese's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 1.3 B, whereas Total Revenue is forecasted to decline to about 6.9 B.

Celanese Company Z Score Analysis

Celanese's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Celanese Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Celanese is extremely important. It helps to project a fair market value of Celanese Stock properly, considering its historical fundamentals such as Z Score. Since Celanese's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Celanese's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Celanese's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Total Liab	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Accumulated Depreciation
Total Assets		0.95	0.99	0.01	0.99	0.89	0.8	0.99	0.76	0.99	0.83	-0.72	0.95	0.97	-0.24	0.7	-0.14	0.98	0.98	0.01	0.98	0.75	0.94	0.95	0.9	0.85	-0.76
Total Stockholder Equity	0.95		0.91	-0.06	0.92	0.94	0.78	0.91	0.74	0.93	0.75	-0.77	0.95	0.91	-0.22	0.68	-0.08	0.97	0.93	-0.17	0.98	0.74	0.95	0.9	0.82	0.77	-0.8
Total Liab	0.99	0.91		0.04	0.99	0.85	0.78	0.99	0.76	0.99	0.83	-0.68	0.92	0.97	-0.23	0.68	-0.16	0.95	0.98	0.09	0.96	0.74	0.9	0.95	0.91	0.86	-0.73
Current Deferred Revenue	0.01	-0.06	0.04		0.04	-0.21	0.05	0.01	0.31	0.14	0.12	0.12	0.0	0.24	0.81	-0.25	-0.16	-0.11	0.08	0.26	0.03	0.03	-0.02	0.07	0.19	0.25	0.2
Net Debt	0.99	0.92	0.99	0.04		0.88	0.81	1.0	0.78	0.99	0.83	-0.73	0.94	0.96	-0.26	0.72	-0.17	0.96	0.98	0.01	0.97	0.79	0.94	0.93	0.91	0.85	-0.71
Retained Earnings	0.89	0.94	0.85	-0.21	0.88		0.8	0.86	0.74	0.84	0.76	-0.92	0.94	0.8	-0.42	0.76	0.06	0.91	0.83	-0.13	0.93	0.67	0.96	0.8	0.76	0.73	-0.67
Accounts Payable	0.8	0.78	0.78	0.05	0.81	0.8		0.79	0.94	0.78	0.95	-0.77	0.79	0.76	-0.25	0.89	-0.13	0.77	0.73	-0.01	0.8	0.74	0.83	0.67	0.91	0.81	-0.3
Long Term Debt	0.99	0.91	0.99	0.01	1.0	0.86	0.79		0.74	0.98	0.83	-0.69	0.92	0.96	-0.28	0.71	-0.16	0.97	0.98	0.01	0.96	0.77	0.91	0.94	0.91	0.86	-0.71
Net Receivables	0.76	0.74	0.76	0.31	0.78	0.74	0.94	0.74		0.78	0.88	-0.77	0.79	0.79	0.0	0.7	-0.15	0.69	0.72	0.1	0.78	0.67	0.83	0.64	0.86	0.8	-0.29
Good Will	0.99	0.93	0.99	0.14	0.99	0.84	0.78	0.98	0.78		0.81	-0.67	0.93	0.99	-0.12	0.64	-0.18	0.95	0.99	0.05	0.97	0.78	0.92	0.96	0.91	0.86	-0.75
Total Current Assets	0.83	0.75	0.83	0.12	0.83	0.76	0.95	0.83	0.88	0.81		-0.71	0.78	0.79	-0.25	0.88	0.01	0.79	0.77	0.07	0.8	0.7	0.79	0.75	0.95	0.92	-0.3
Treasury Stock	-0.72	-0.77	-0.68	0.12	-0.73	-0.92	-0.77	-0.69	-0.77	-0.67	-0.71		-0.82	-0.64	0.34	-0.71	-0.19	-0.71	-0.63	0.05	-0.78	-0.55	-0.89	-0.58	-0.65	-0.65	0.41
Short Term Debt	0.95	0.95	0.92	0.0	0.94	0.94	0.79	0.92	0.79	0.93	0.78	-0.82		0.91	-0.23	0.7	-0.12	0.94	0.92	-0.04	0.96	0.75	0.97	0.87	0.84	0.77	-0.74
Intangible Assets	0.97	0.91	0.97	0.24	0.96	0.8	0.76	0.96	0.79	0.99	0.79	-0.64	0.91		0.0	0.59	-0.22	0.91	0.98	0.1	0.96	0.76	0.9	0.94	0.91	0.84	-0.73
Common Stock	-0.24	-0.22	-0.23	0.81	-0.26	-0.42	-0.25	-0.28	0.0	-0.12	-0.25	0.34	-0.23	0.0		-0.56	-0.12	-0.35	-0.12	0.31	-0.18	-0.11	-0.23	-0.12	-0.13	-0.13	0.1
Property Plant Equipment	0.7	0.68	0.68	-0.25	0.72	0.76	0.89	0.71	0.7	0.64	0.88	-0.71	0.7	0.59	-0.56		-0.02	0.73	0.62	-0.14	0.68	0.7	0.71	0.58	0.82	0.72	-0.23
Short Term Investments	-0.14	-0.08	-0.16	-0.16	-0.17	0.06	-0.13	-0.16	-0.15	-0.18	0.01	-0.19	-0.12	-0.22	-0.12	-0.02		-0.09	-0.19	-0.04	-0.06	-0.29	-0.07	0.01	-0.16	0.16	0.15
Net Tangible Assets	0.98	0.97	0.95	-0.11	0.96	0.91	0.77	0.97	0.69	0.95	0.79	-0.71	0.94	0.91	-0.35	0.73	-0.09		0.95	-0.17	0.97	0.75	0.92	0.94	0.86	0.81	-0.77
Long Term Debt Total	0.98	0.93	0.98	0.08	0.98	0.83	0.73	0.98	0.72	0.99	0.77	-0.63	0.92	0.98	-0.12	0.62	-0.19	0.95		0.05	0.97	0.78	0.9	0.97	0.89	0.81	-0.8
Capital Surpluse	0.01	-0.17	0.09	0.26	0.01	-0.13	-0.01	0.01	0.1	0.05	0.07	0.05	-0.04	0.1	0.31	-0.14	-0.04	-0.17	0.05		-0.05	-0.12	-0.03	0.04	0.09	0.08	0.04
Deferred Long Term Liab	0.98	0.98	0.96	0.03	0.97	0.93	0.8	0.96	0.78	0.97	0.8	-0.78	0.96	0.96	-0.18	0.68	-0.06	0.97	0.97	-0.05		0.74	0.96	0.95	0.87	0.84	-0.77
Long Term Investments	0.75	0.74	0.74	0.03	0.79	0.67	0.74	0.77	0.67	0.78	0.7	-0.55	0.75	0.76	-0.11	0.7	-0.29	0.75	0.78	-0.12	0.74		0.77	0.67	0.81	0.61	-0.51
Short Long Term Debt	0.94	0.95	0.9	-0.02	0.94	0.96	0.83	0.91	0.83	0.92	0.79	-0.89	0.97	0.9	-0.23	0.71	-0.07	0.92	0.9	-0.03	0.96	0.77		0.83	0.83	0.77	-0.69
Cash And Equivalents	0.95	0.9	0.95	0.07	0.93	0.8	0.67	0.94	0.64	0.96	0.75	-0.58	0.87	0.94	-0.12	0.58	0.01	0.94	0.97	0.04	0.95	0.67	0.83		0.85	0.86	-0.8
Net Invested Capital	0.9	0.82	0.91	0.19	0.91	0.76	0.91	0.91	0.86	0.91	0.95	-0.65	0.84	0.91	-0.13	0.82	-0.16	0.86	0.89	0.09	0.87	0.81	0.83	0.85		0.92	-0.46
Net Working Capital	0.85	0.77	0.86	0.25	0.85	0.73	0.81	0.86	0.8	0.86	0.92	-0.65	0.77	0.84	-0.13	0.72	0.16	0.81	0.81	0.08	0.84	0.61	0.77	0.86	0.92		-0.4
Accumulated Depreciation	-0.76	-0.8	-0.73	0.2	-0.71	-0.67	-0.3	-0.71	-0.29	-0.75	-0.3	0.41	-0.74	-0.73	0.1	-0.23	0.15	-0.77	-0.8	0.04	-0.77	-0.51	-0.69	-0.8	-0.46	-0.4

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Celanese

In accordance with the company's disclosures, Celanese has a Z Score of 0.0. This is 100.0% lower than that of the Chemicals sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.

Celanese ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Celanese's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Celanese's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Celanese Institutional Holders

Institutional Holdings refers to the ownership stake in Celanese that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Celanese's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Celanese's value.

		Shares
Wells Fargo & Co	2023-12-31	2 M
Harris Associates L.p.	2023-12-31	1.9 M
Goldman Sachs Group Inc	2023-12-31	1.5 M
Morgan Stanley - Brokerage Accounts	2023-12-31	1.3 M
Gmt Capital Corp	2023-12-31	1.3 M
Nuveen Asset Management, Llc	2023-12-31	1.3 M
Bank Of New York Mellon Corp	2023-12-31	1.1 M
Lyrical Asset Management Lp	2023-12-31	1.1 M
Dimensional Fund Advisors, Inc.	2023-12-31	1 M
Capital Research Global Investors	2023-12-31	14.8 M
Vanguard Group Inc	2023-12-31	13.1 M

Celanese Fundamentals

	Return On Equity	0.29
	Return On Asset	0.0272
	Profit Margin	0.18 %
	Operating Margin	0.08 %
	Current Valuation	29.63 B
	Shares Outstanding	111.56 M
	Shares Owned By Institutions	100.00 %
	Number Of Shares Shorted	5.02 M
	Price To Earning	5.86 X
	Price To Book	2.46 X
	Price To Sales	1.59 X
	Revenue	10.94 B
	Gross Profit	2.38 B
	EBITDA	1.92 B
	Net Income	1.97 B
	Cash And Equivalents	1.51 B
	Cash Per Share	7.29 X
	Total Debt	14.1 B
	Debt To Equity	0.78 %
	Current Ratio	1.72 X
	Book Value Per Share	65.11 X
	Cash Flow From Operations	1.9 B
	Short Ratio	7.37 X
	Earnings Per Share	17.99 X
	Price To Earnings To Growth	4.42 X
	Target Price	161.0
	Number Of Employees	12.41 K
	Beta	1.35
	Market Capitalization	17.41 B
	Total Asset	26.6 B
	Retained Earnings	12.93 B
	Working Capital	2.15 B
	Current Asset	2.79 B
	Current Liabilities	1.55 B
	Annual Yield	0.02 %
	Five Year Return	2.04 %
	Net Asset	26.6 B
	Last Dividend Paid	2.8

About Celanese Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Celanese's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Celanese using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Celanese based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Celanese

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Celanese position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Celanese will appreciate offsetting losses from the drop in the long position's value.

Moving together with Celanese Stock

0.64	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr
0.75	AU	AngloGold Ashanti plc Financial Report 28th of June 2024	Pair Corr

Moving against Celanese Stock

0.71

United States Steel Earnings Call This Week

Pair Corr

The ability to find closely correlated positions to Celanese could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celanese when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Celanese - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Celanese to buy it.

The correlation of Celanese is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Celanese moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celanese moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Celanese can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Celanese is a strong investment it is important to analyze Celanese's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Celanese's future performance. For an informed investment choice regarding Celanese Stock, refer to the following important reports:

How To Invest In Celanese

Details

Is Celanese Stock a good investment?

Details

What is Celanese's Net Worth?

Details

Largest Specialty Chemicals Companies

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Largest Materials Companies

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Check out Celanese Piotroski F Score and Celanese Valuation analysis.

For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.

Note that the Celanese information on this page should be used as a complementary analysis to other Celanese's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Celanese Stock analysis

When running Celanese's price analysis, check to measure Celanese's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Celanese is operating at the current time. Most of Celanese's value examination focuses on studying past and present price action to predict the probability of Celanese's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celanese's price. Additionally, you may evaluate how the addition of Celanese to your portfolios can decrease your overall portfolio volatility.

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Is Celanese's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Celanese. If investors know Celanese will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Celanese listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Dividend Share

2.8

Earnings Share

17.99

Revenue Per Share

100.506

Quarterly Revenue Growth

0.094

The market value of Celanese is measured differently than its book value, which is the value of Celanese that is recorded on the company's balance sheet. Investors also form their own opinion of Celanese's value that differs from its market value or its book value, called intrinsic value, which is Celanese's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Celanese's market value can be influenced by many factors that don't directly affect Celanese's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Celanese's value and its price as these two are different measures arrived at by different means. Investors typically determine if Celanese is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Celanese's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Celanese Stock Z Score

Celanese Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Celanese Z Score Driver Correlations

Celanese ESG Sustainability

Celanese Institutional Holders

Celanese Fundamentals

About Celanese Fundamental Analysis

Pair Trading with Celanese

Moving together with Celanese Stock

Moving against Celanese Stock

Complementary Tools for Celanese Stock analysis

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