Celanese Corporation (CE) vs Dow Inc. (DOW)

Celanese Corporation and Dow Inc. are both Chemicals companies. Dow Inc. is the larger, with a market value of $20.6B against $5.5B — 3.8× the size. Dow Inc. grew revenue faster over the last twelve months: −1.20% against −2.17%. Dow Inc. has the higher net margin (−3.13% vs −12.0%) and the higher return on invested capital (−0.12% vs −2.84%). Both pay a dividend; Dow Inc. yields more (5.37% vs 1.86%). Across the 21 metrics below, Dow Inc. leads on 13 and Celanese Corporation on 8.

Valuation

Metric CE DOW Chemicals median
P/E n/m n/m —
P/S 0.53 0.49 0.44
P/B 1.13 1.17 1.13
Price to free cash flow 7.30 12.10 7.30
EV/EBITDA 94.68 12.59 9.48
EV/Sales 1.63 0.83 0.86
Earnings yield (22.68%) (6.50%) (10.53%)
Free cash flow yield 13.70% 8.27% 4.86%

Profitability

Metric CE DOW Chemicals median
Gross margin 20.90% 9.89% 16.03%
Operating margin (7.13%) (0.15%) (0.82%)
Net margin (12.04%) (3.13%) (3.05%)
Free cash flow margin 7.29% 4.06% 1.50%
Return on equity (22.72%) (7.19%) (5.24%)
Return on assets (5.18%) (2.14%) (2.51%)
Return on invested capital (2.84%) (0.12%) (0.75%)

Growth

Metric CE DOW Chemicals median
Revenue growth (TTM) (2.17%) (1.20%) 2.53%
EPS growth (last fiscal year) 23.62% (335.67%) —
Revenue growth, 5-year CAGR 11.03% 0.73% 2.20%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CE DOW Chemicals median
Debt to equity 2.62 1.03 0.71
Current ratio 1.45 1.75 1.99
Net debt to EBITDA (14.42) 12.55 3.49

Dividend

Metric CE DOW Chemicals median
Dividend yield 1.86% 5.37% 2.33%
Payout ratio 0.24 1.52 0.00

Size

Metric CE DOW Chemicals median
Market cap 5.46b 20.55b 643.59m

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