Celanese Corp (CE) is overvalued and Huntsman Corp (HUN) is undervalued.
Against our estimates of intrinsic value, HUN trades at the wider discount: a margin of safety of +57%, against -31% for CE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.4% (average of 2 methods) values the shares at $36.30; the price of $47.44 is 31% above that value, and 86% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Its through-the-cycle earnings (7.0% median margin), capitalised at 7.6% with no growth, values the shares at $20.99; the price of $9.05 is 57% below that value.
Leak Score 56/100 on 8 of 12 signals
| Metric | CE | HUN |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $47.44 | $9.05 |
| Intrinsic value | $36.30 | $20.99 |
| Margin of safety | -31% | +57% |
| Leak Score | 0/100 (2/12) | 56/100 (8/12) |
| Market cap | $5.2B | $1.6B |
| Revenue growth, 5 years | 11.0% | -1.1% |
| Operating margin | 8.7% | -0.1% |
| Net margin | -12.0% | -2.9% |
| Return on equity | -24.6% | -6.1% |
| Debt to equity | 2.98 | 0.93 |
| Forward P/E | 7.5x | 82.2x |
| P/B | 1.3x | 0.6x |
| Dividend yield | 0.3% | 4.2% |