Celanese Corp (CE) is overvalued and Olin Corp (OLN) is undervalued.
Against our estimates of intrinsic value, OLN trades at the wider discount: a margin of safety of +48%, 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
Discounting its cash flows at 7.5% (average of 2 methods) values the shares at $32.05; the price of $16.82 is 48% below that value, and 81% of that value comes from beyond year five.
Leak Score 53/100 on 8 of 12 signals
| Metric | CE | OLN |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $47.44 | $16.82 |
| Intrinsic value | $36.30 | $32.05 |
| Margin of safety | -31% | +48% |
| Leak Score | 0/100 (2/12) | 53/100 (8/12) |
| Market cap | $5.2B | $1.9B |
| Revenue growth, 5 years | 11.0% | 3.3% |
| Operating margin | 8.7% | 0.6% |
| Net margin | -12.0% | -2.1% |
| Return on equity | -24.6% | -7.6% |
| Debt to equity | 2.98 | 1.99 |
| Forward P/E | 7.5x | 28.2x |
| P/B | 1.3x | 1.1x |
| Dividend yield | 0.3% | 4.8% |