Celanese Corporation (CE) vs Olin Corporation (OLN)

Celanese Corporation and Olin Corporation are both Chemicals companies. Celanese Corporation is the larger, with a market value of $5.5B against $1.9B — 2.9× the size. Olin Corporation grew revenue faster over the last twelve months: 0.60% against −2.17%. Olin Corporation has the higher net margin (−2.94% vs −12.0%) and the higher return on invested capital (−1.44% vs −2.84%). Both pay a dividend; Celanese Corporation yields more (1.86% vs 1.63%). Across the 21 metrics below, Olin Corporation leads on 12 and Celanese Corporation on 9.

Valuation

Metric CE OLN Chemicals median
P/E n/m n/m —
P/S 0.53 0.28 0.44
P/B 1.13 1.09 1.13
Price to free cash flow 7.30 18.60 7.30
EV/EBITDA 94.68 12.29 9.48
EV/Sales 1.63 0.72 0.86
Earnings yield (22.68%) (10.53%) (10.53%)
Free cash flow yield 13.70% 5.38% 4.86%

Profitability

Metric CE OLN Chemicals median
Gross margin 20.90% 6.87% 16.03%
Operating margin (7.13%) (1.57%) (0.82%)
Net margin (12.04%) (2.94%) (3.05%)
Free cash flow margin 7.29% 1.50% 1.50%
Return on equity (22.72%) (10.64%) (5.24%)
Return on assets (5.18%) (2.61%) (2.51%)
Return on invested capital (2.84%) (1.44%) (0.75%)

Growth

Metric CE OLN Chemicals median
Revenue growth (TTM) (2.17%) 0.60% 2.53%
EPS growth (last fiscal year) 23.62% (196.95%) —
Revenue growth, 5-year CAGR 11.03% 3.32% 2.20%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CE OLN Chemicals median
Debt to equity 2.62 1.77 0.71
Current ratio 1.45 1.42 1.99
Net debt to EBITDA (14.42) 5.05 3.49

Dividend

Metric CE OLN Chemicals median
Dividend yield 1.86% 1.63% 2.33%
Payout ratio 0.24 0.13 0.00

Size

Metric CE OLN Chemicals median
Market cap 5.46b 1.91b 643.59m

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