Westlake Chemical Partners LP
Exchange: NYSESector: Basic MaterialsIndustry: Chemicals
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline.
Current Price
$22.57
-0.44%GoodMoat Value
$46.50
106.0% undervaluedProfile
Valuation (TTM)
Market Cap$795.50M
P/E16.34
EV—
P/B3.08
Shares Out35.25M
P/Sales0.68
Revenue$1.17B
EV/EBITDA5.75
Westlake Chemical Partners LP (WLKP) Stock Analysis
Market Cap$795.50M
Current Price$22.57
P/E Ratio16.34
Forward P/E—
PEG Ratio-6.86
EPS$1.38
Book Value$7.34
P/B Ratio3.08
WLKP Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -11.0% FCF growth (CAGR)
Cash vs Debt
Net Debt: 355M
Revenue
1.1B
FY19
967M
FY20
1.2B
FY21
1.6B
FY22
1.2B
FY23
1.1B
FY24
1.2B
FY25
Net Income
61M
FY19
66M
FY20
83M
FY21
64M
FY22
54M
FY23
62M
FY24
49M
FY25
WLKP 52-Week Range
$17.47
$23.05
50-Day MA: $22.34200-Day MA: $20.44
Did you know?
Currently trading near its 52-week high — in the top 9% of its range.
Westlake Chemical Partners LP (WLKP) Financial Summary
Westlake Chemical Partners LP (WLKP) is a Basic Materials company in the Chemicals industry, listed on NYSE. The stock currently trades at $22.57 with a market capitalization of $795.50M.
Key valuation metrics include a P/E ratio of 16.34, price-to-book ratio of 3.08, and EPS of $1.38. The company reports a profit margin of 4.2% and return on equity of 18.8%.
WLKP Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $795.50M |
| P/E Ratio | 16.34 |
| EPS | $1.38 |
| P/B Ratio | 3.08 |
| P/S Ratio | 0.68 |
| EV/EBITDA | 5.75 |
| Dividend Yield | 8.35% |
| Profit Margin | 4.2% |
| Return on Equity | 18.8% |
| Debt/Equity | 1.55 |
WLKP Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $1.09B | $60.98M |
| FY20 | $966.67M | $66.17M |
| FY21 | $1.21B | $82.55M |
| FY22 | $1.59B | $64.17M |
| FY23 | $1.19B | $54.28M |
| FY24 | $1.14B | $62.39M |
| FY25 | $1.17B | $48.70M |
Westlake Chemical Partners LP (WLKP) Valuation
Based on GoodMoat's DCF model, Westlake Chemical Partners LP has a fair value estimate of $46.50. At the current price of $22.57, the stock appears 51.5% undervalued relative to our intrinsic value estimate.
WLKP Quality Indicators
Westlake Chemical Partners LP maintains a profit margin of 4.2% and an operating margin of 27.4%. Return on equity stands at 18.8%. The current ratio is 2.80. Debt-to-equity ratio is 1.55.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline.
WLKP Free Cash Flow
Westlake Chemical Partners LP generated $201.65M in trailing twelve-month free cash flow, representing an FCF yield of 25.35%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
WLKP Shares Outstanding
Westlake Chemical Partners LP has 0.04 billion shares outstanding at a share price of $22.57, giving it a market capitalization of $795.50M.