Celanese Historical Income Statement
CE Stock | USD 153.61 3.99 2.53% |
Historical analysis of Celanese income statement accounts such as Interest Expense of 794.9 M or Selling General Administrative of 607.5 M can show how well Celanese performed in making a profits. Evaluating Celanese income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Celanese's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Celanese latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Celanese is a good buy for the upcoming year.
Celanese |
About Celanese Income Statement Analysis
Celanese Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Celanese shareholders. The income statement also shows Celanese investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Celanese Income Statement Chart
Celanese Income Statement is one of the three primary financial statements used for reporting Celanese's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Celanese revenue and expense. Celanese Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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. Add Fundamental
Total Revenue
Total revenue comprises all receipts Celanese generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Celanese. It is also known as Celanese overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Celanese's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Celanese current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade Celanese Stock refer to our How to Trade Celanese Stock guide.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.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 2.4B | 2.4B | 1.7B | Total Revenue | 8.5B | 9.7B | 10.9B | 6.9B |
Celanese income statement Correlations
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Celanese Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Celanese income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 175M | 196M | 266M | 373M | 704M | 739.2M | |
Interest Expense | 115M | 109M | 91M | 405M | 757M | 794.9M | |
Selling General Administrative | 483M | 482M | 633M | 824M | 1.1B | 607.6M | |
Total Revenue | 6.3B | 5.7B | 8.5B | 9.7B | 10.9B | 6.9B | |
Gross Profit | 1.6B | 1.3B | 2.7B | 2.4B | 2.4B | 1.7B | |
Other Operating Expenses | 5.3B | 4.9B | 6.6B | 8.3B | 9.7B | 6.1B | |
Operating Income | 834M | 664M | 1.9B | 1.4B | 1.2B | 775.7M | |
Ebit | 834M | 664M | 1.9B | 1.4B | 1.2B | 1.0B | |
Ebitda | 1.0B | 860M | 2.2B | 1.8B | 1.9B | 1.3B | |
Cost Of Revenue | 4.7B | 4.4B | 5.9B | 7.3B | 8.5B | 5.5B | |
Total Operating Expenses | 574M | 578M | 744M | 998M | 1.2B | 1.3B | |
Income Before Tax | 988M | 2.3B | 2.2B | 1.4B | 1.2B | 892.0M | |
Total Other Income Expense Net | 154M | 1.6B | 302M | 43M | (28M) | (26.6M) | |
Net Income | 852M | 2.0B | 1.9B | 1.9B | 2.0B | 2.1B | |
Income Tax Expense | 124M | 247M | 330M | (489M) | (790M) | (750.5M) | |
Net Income Applicable To Common Shares | 852M | 2.0B | 1.9B | 1.9B | 2.2B | 2.3B | |
Discontinued Operations | (6M) | (12M) | (22M) | (8M) | (7.2M) | (7.6M) | |
Net Income From Continuing Ops | 864M | 2.0B | 1.9B | 1.9B | 2.0B | 1.2B | |
Non Recurring | 203M | 39M | (3M) | 8M | 7.2M | 6.8M | |
Non Operating Income Net Other | 289M | 1.7B | 287M | 431M | 495.7M | 433.4M | |
Tax Provision | 124M | 247M | 330M | (489M) | (1.1B) | (1.0B) | |
Extraordinary Items | (6M) | (12M) | (22M) | (8M) | (9.2M) | (9.7M) | |
Net Interest Income | (113M) | (103M) | (92M) | (336M) | (657M) | (624.2M) |
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
0.65 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against Celanese Stock
0.61 | X | United States Steel | PairCorr |
0.51 | HYMCL | Hycroft Mining Holding | PairCorr |
0.41 | HYMCW | Hycroft Mining Holding | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Celanese. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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 18 | 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.