Celanese Leverage Remains a Concern as Firm Awaits Sustained Cash Flow Improvement, RBC Says

MT Newswires Live
Nov 13, 2025

Celanese (CE) posted a Q3 beat similar to its peers although earnings remain under pressure and its leverage remains a key concern, RBC Capital Markets said in a Tuesday report.

RBC said it raised Q4 and fiscal 2025 earnings before interest, taxes, depreciation and amortization estimates to $459 million and $1.92 billion, respectively, and left its fiscal 2026 EBITDA forecast unchanged at $2.07 billion.

RBC said Celanese expects about $500 million in pre-tax proceeds from the pending Micromax sale, set to close in the first half of 2026, and could generate another $500 million from additional divestitures over the next 18 months.

The brokerage said Celanese is targeting $30 million to $50 million of additional net savings in 2026 and cited the Lanaken tow facility closure as a $20 million to $30 million savings opportunity by 2027.

RBC kept its sector perform rating and $43 price target, and said it wants to see more sustainable free-cash-flow generation and deleveraging.

Shares of the company were down 4% in recent Wednesday trading.

Price: 39.75, Change: -1.65, Percent Change: -3.99

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