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Here's Why Celanese (CE) is a Strong Value Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

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Celanese (CE)

Texas-based Celanese Corporation is a global hybrid chemical company. The company produces chemical substances and materials. About 95% of Celanese's products rank either first or second in their respective markets, based on market shares.

CE sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Chemical - Specialty industry's P/E of 17.6X, shares of Celanese are trading at a forward P/E of 11.8X. CE also has a PEG Ratio of 0.5, a Price/Cash Flow ratio of 8.5X, and a Price/Sales ratio of 1.4X.

Many value investors pay close attention to a company's earnings as well. For CE, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $11.41 per share for 2024. Per share CE boasts an average earnings surprise of 2.1%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding CE to their portfolios.

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Celanese Corporation (CE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research