Is Celanese Corporation (NYSE:CE) Potentially Undervalued?
Is Celanese Corporation (NYSE:CE) Potentially Undervalued?
Celanese Corporation (NYSE:CE) received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to US$166 at one point, and dropping to the lows of US$131. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Celanese's current trading price of US$144 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Celanese's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Celanese Corporation (紐交所:CE) 在過去幾個月內在紐交所上的股價波動引來了大量的關注,一度上漲到了166美元,最低下跌至131美元。一些股價波動可能會爲投資者提供更好的進入該股票的機會,並有可能以更低的價格購買。需要回答的問題是,Celanese目前的交易價格144美元是否反映了大型市值的真實價值?或者現在價格被低估,爲我們提供了買入的機會?讓我們根據最近的財務數據來看看Celanese的前景和價值,看看是否有任何價格變化的催化劑。
What Is Celanese Worth?
Celanese的價值是多少?
Great news for investors – Celanese is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 7.85x is currently well-below the industry average of 27.81x, meaning that it is trading at a cheaper price relative to its peers. However, given that Celanese's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
對於投資者來說是個好消息,根據我們的價格倍數模型,Celanese的股價仍然處於相對便宜的價格水平,我們將公司的市盈率與行業平均水平進行了比較。在這種情況下,我們使用市盈率比值,因爲沒有足夠的可見性來預測其現金流。股票的比率爲7.85倍,目前明顯低於行業平均水平的27.81倍,這意味着相對於同業來說,其價格要便宜得多。然而,Celanese的股票價格相當波動(即其價格波動相對於整個市場而言比較大),這可能意味着股價可能會下降,未來我們可以有另一次購買的機會。這是基於其高貝塔係數,這是一個股價波動的良好指標。
What does the future of Celanese look like?
Celanese的未來前景如何?
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Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. However, with an extremely negative double-digit change in profit expected over the next couple of years, near-term growth is certainly not a driver of a buy decision. It seems like high uncertainty is on the cards for Celanese, at least in the near future.
如果投資者希望在其組合中尋求增長,可能需要在購買股票之前考慮公司的前景。儘管價值投資者會認爲相對於價格的內在價值最重要,但更具有說服力的投資論點將是在較便宜的價格下具有高增長潛力。然而,由於預計接下來的幾年將出現極爲負面的兩位數盈利變化,因此短期增長顯然不是購買決策的驅動因素。Celanese似乎面臨着高度的不確定性,至少在近期如此。
What This Means For You
這對您意味着什麼?
Are you a shareholder? Although CE is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. Consider whether you want to increase your portfolio exposure to CE, or whether diversifying into another stock may be a better move for your total risk and return.
您是股東嗎?儘管CE目前的股價低於同業股的市盈率,但負面的盈利前景帶來了一些不確定性,這意味着帶來更高的風險。請考慮是否要增加持有CE的投資組合,或者是否將資產分散到其他股票中,以降低整體風險和獲得收益。
Are you a potential investor? If you've been keeping an eye on CE for a while, but hesitant on making the leap, we recommend you dig deeper into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.
您是潛在投資者嗎?如果您一直在關注CE,但對決策還猶豫不決,我們建議您深入研究該股票。鑑於其目前的價格倍數,現在是做出決策的好時機。但請記住,未來負增長前景所帶來的風險。
In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. Our analysis shows 3 warning signs for Celanese (2 are a bit unpleasant!) and we strongly recommend you look at these before investing.
鑑於此,如果您想對公司進行更多分析,了解所涉及的風險是非常重要的。我們的分析顯示Celanese存在3個警示信號(其中2個有點不太令人愉快!),我們強烈建議您在投資之前查看這些信號。
If you are no longer interested in Celanese, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對Celanese不再感興趣,您可以使用我們的免費平台查看我們列出的其他50多種具有高增長潛力的股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。