WLKP

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% undervalued

Profile

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) Valuation

WLKP Fair Value Estimate

$46.50106.0% undervalued

Blended fair value estimate based on DCF, Graham Number, and earnings-based models.

WLKP Valuation Metrics

FCF$201.65M

FCF Growth Rate-11.05%

EPS Growth (CAGR)-3.68%

WACC10.00%

Fair Value Models

Graham Number, PEG-based, and Earnings-based models

View Fair Value →

WLKP Valuation & Fair Value Analysis

Westlake Chemical Partners LP (WLKP) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.

The GoodMoat Fair Value target for Westlake Chemical Partners LP is $46.50. The current stock price is $22.57, suggesting the stock is 106.0% undervalued.

The price-to-earnings (P/E) ratio is 16.34. Price-to-book ratio is 3.08. Price-to-sales ratio is 0.68. Enterprise value to EBITDA is 5.75. PEG ratio is -6.86.

GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Westlake Chemical Partners LP's intrinsic value.