-0.33%
5.62%
8.62%
6.59%
4.53%
-8.43%
8.05%
AI Spotlight on WLKP
Company Description
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States.The company's ethylene production facilities primarily convert ethane into ethylene.It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.
Westlake Chemical Partners GP LLC serves as the general partner of the company.The company was incorporated in 2014 and is headquartered in Houston, Texas.
Market Data
| Last Price | 24.44 |
| Change Percentage | -0.33% |
| Open | 24.46 |
| Previous Close | 24.52 |
| Market Cap ( Millions) | 861 |
| Volume | 24863 |
| Year High | 24.66 |
| Year Low | 21.19 |
| M A 50 | 23.53 |
| M A 200 | 22.76 |
Financial Ratios
| FCF Yield | 47.82% |
| Dividend Yield | 7.72% |
| ROE | 10.28% |
| Debt / Equity | 47.70% |
| Net Debt / EBIDTA | 66.70% |
| Price To Book | 1.03 |
| Price Earnings Ratio | 13.96 |
| Price To FCF | 2.09 |
| Price To sales | 0.75 |
| EV / EBITDA | 2.36 |
News
- Nov -05 - Westlake Chemical Partners LP Common Units (WLKP) Q3 2024 Earnings Call Transcript
- Nov -05 - Westlake Chemical Partners LP Announces Third Quarter 2024 Results
- Aug -06 - Westlake Chemical Partners LP (WLKP) Q2 2024 Earnings Call Transcript
- May -31 - Westlake Chemical Partners Provides Tax Reporting Information
- May -07 - For $10,000 in Passive Income, Invest $7,500 in These 12 Dividend Stocks
- May -01 - Westlake Chemical Partners LP (WLKP) Q1 2024 Earnings Call Transcript
- May -01 - Westlake Chemical Partners LP Announces First Quarter 2024 Results
- Apr -30 - Westlake Chemical Partners LP Announces First Quarter 2024 Distribution
- Apr -17 - Westlake Chemical Partners Announce First Quarter 2024 Earnings Conference Call
- Mar -14 - Westlake Chemical Partners Provides 2023 Tax Information
- Feb -28 - Westlake Chemical Partners LP Filed Annual Report
- Feb -27 - Westlake Chemical Partners Provides Update about Tax Information
- Feb -20 - Westlake Chemical Partners LP (WLKP) Q4 2023 Earnings Call Transcript
- Feb -20 - Westlake Chemical Partners LP Announces Fourth Quarter and Full Year 2023 Results
- Feb -06 - Westlake Chemical Partners Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
- Nov -02 - Westlake Chemical Partners LP Announces Third Quarter 2023 Results
- Oct -27 - Is Phillips 66 (PSX) Stock Undervalued Right Now?
- Oct -19 - CORRECTING and REPLACING Westlake Chemical Partners Announce Third Quarter 2023 Earnings Conference Call
- Aug -03 - Westlake Chemical Partners LP Announces Second Quarter 2023 Results
- Aug -01 - Westlake Chemical: Environmental Investments Could Accelerate The Demand For The Stock
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Westlake
Expected Growth : 5.0 %
What the company do ?
Westlake refers to Westlake Chemical Corporation, a global manufacturer and marketer of basic chemicals, vinyls, and building products, which is the parent company of Westlake Chemical Partners LP.
Why we expect these perspectives ?
Westlake Chemical Partners LP's 5.0% growth is driven by increasing demand for polyethylene and polypropylene, supported by growing packaging and construction industries. Additionally, the partnership's fee-based income model and low-cost operations provide a stable cash flow, enabling investments in growth projects and debt reduction, further fueling expansion.
Segment n°2 -> Co-products, Ethylene and Other
Expected Growth : 5.0 %
What the company do ?
Co-products, Ethylene and Other from Westlake Chemical Partners LP refers to the production of various chemicals, including ethylene, as by-products of other chemical manufacturing processes.
Why we expect these perspectives ?
Westlake Chemical Partners LP's 5.0% growth in Co-products, Ethylene, and Other segments is driven by increasing demand for polyethylene and polyvinyl chloride (PVC) in construction and packaging industries, coupled with strategic acquisitions and capacity expansions, as well as favorable feedstock costs and operational efficiencies.
Westlake Chemical Partners Lp Products
| Product Range | What is it ? |
|---|---|
| Ethylene | A highly versatile and widely used petrochemical, ethylene is a key building block for the production of plastics, adhesives, and other chemicals. |
| Polyethylene | A type of plastic resin used in a wide range of applications, including packaging, plastic bags, and containers. |
| Styrene | A key building block for the production of plastics, styrene is used in the manufacture of polystyrene, acrylonitrile-butadiene-styrene (ABS), and other plastics. |
| Caustic Soda | A strong alkaline substance used in a variety of industrial applications, including the production of paper, textiles, and detergents. |
| Chlorine | A highly reactive gas used in the production of a wide range of chemicals, including plastics, pharmaceuticals, and water treatment chemicals. |
| Vinyl Chloride Monomer (VCM) | A key building block for the production of PVC, VCM is used in the manufacture of pipes, fittings, and other PVC products. |
Westlake Chemical Partners LP's Porter Forces
Threat Of Substitutes
The threat of substitutes for Westlake Chemical Partners LP is medium due to the availability of alternative products and services in the market.
Bargaining Power Of Customers
The bargaining power of customers for Westlake Chemical Partners LP is low due to the company's strong market position and limited buyer concentration.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Westlake Chemical Partners LP is medium due to the presence of multiple suppliers and moderate switching costs.
Threat Of New Entrants
The threat of new entrants for Westlake Chemical Partners LP is low due to the high barriers to entry and significant capital requirements in the industry.
Intensity Of Rivalry
The intensity of rivalry for Westlake Chemical Partners LP is high due to the presence of several established players and high competition in the market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 43.34% |
| Debt Cost | 6.69% |
| Equity Weight | 56.66% |
| Equity Cost | 9.21% |
| WACC | 8.11% |
| Leverage | 76.49% |
Westlake Chemical Partners LP : Quality Control
Westlake Chemical Partners LP passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ASIX | AdvanSix Inc. manufactures and sells polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, … |
| UAN | CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial … |
| FF | FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, … |
| VHI | Valhi, Inc. engages in the chemicals, component products, and real estate management and development businesses in the Asia Pacific, Europe, North America, and internationally. The company's Chemicals segment produces and … |
| ODC | Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group; … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
🥇
Westlake Chemical Partners
A-Score
1-Year Total Return ->
🥈
CVR Partners
A-Score
1-Year Total Return ->
🥉
FutureFuel
A-Score
1-Year Total Return ->
4
AdvanSix
A-Score
1-Year Total Return ->
5
Valhi
A-Score
1-Year Total Return ->
6
