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Westlake Chemical Partners LP

Westlake Chemical Partners LP

WLKP
Westlake Chemical Partners LPUS flagNew York Stock Exchange
21.51
USD
+0.16
- -
758.14MMarket Cap

Total Valuation

Westlake Chemical Partners LP carries a market capitalization of 758.14M, placing it among publicly traded companies globally. Its enterprise value stands at 1.65B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap758.14M
Enterprise Value1.65B

Share Statistics

Westlake Chemical Partners LP currently has 35.25M shares outstanding.

Shares Outstanding35.25M
Owned by Insiders (%)N/A
Owned by Institutions (%)N/A

Valuation Ratios

Westlake Chemical Partners LP trades at a trailing price-to-earnings ratio of 13.66. The price-to-sales ratio is 0.64, and the price-to-book ratio stands at 3.09.

PE Ratio13.66
PS Ratio0.64
PB Ratio3.09
P/TBV Ratio3.16
P/FCF Ratio1.51
P/OCF Ratio1.69

Enterprise Valuation

On an enterprise value basis, Westlake Chemical Partners LP trades at an EV/EBITDA multiple of 3.71 and an EV/FCF ratio of 3.04. The EV/Sales ratio of 1.34 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 4.64 provides insight into valuation relative to core operating earnings.

EV / Sales1.34
EV / EBITDA3.71
EV / EBIT4.64
EV / FCF3.04

Financial Position

Westlake Chemical Partners LP maintains a current ratio of 3.44, meaning it holds 3.4x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 51.95, indicating elevated leverage, while an interest coverage ratio of 20.57 demonstrates strong ability to service its debt obligations.

Current Ratio3.44
Quick Ratio3.36
Debt / Equity51.95
Debt / EBITDA0.90
Interest Coverage20.57

Financial Efficiency

Westlake Chemical Partners LP posts a return on equity of 22.32 and a return on invested capital of 29.59.

Return on Equity (ROE)22.32
Return on Assets (ROA)4.56
Return on Invested Capital (ROIC)29.59
Return on Capital Employed (ROCE)-16.47
Revenue Per EmployeeN/A
Employee CountN/A
Inventory Turnover249.10

Taxes

Over the trailing twelve months, Westlake Chemical Partners LP has paid 590,000.00 in income taxes, reflecting an effective tax rate of 0.18.

Income Tax590,000.00
Effective Tax Rate0.18

Stock Price Statistics

Westlake Chemical Partners LP's stock has gained approximately 3.56283% over the past 52 weeks. The 50-day moving average sits at 21.66, while the 200-day moving average is 21.76.

Beta (5Y)N/A
52-Week Price Change3.56283%
50-Day Moving Average21.66
200-Day Moving Average21.76
Average Volume (20 Days)N/A

Income Statement

Over the trailing twelve months, Westlake Chemical Partners LP generated 1.23B in revenue and converted that into 57.60M in net income, yielding earnings per share of 9.46. EBITDA reached 445.47M, while operating income came in at 355.62M.

Revenue1.23B
Gross Profit384.80M
Operating Income355.62M
Pretax Income335.08M
Net Income57.60M
EBITDA445.47M
EBIT355.62M
Earnings Per Share (EPS)9.46

Balance Sheet

Westlake Chemical Partners LP holds 49.32M in cash and equivalents against 399.67M in total debt, resulting in a net debt position of 350.35M. Total book value stands at 253.71M, with working capital of 111.77M providing operational flexibility.

Cash & Cash Equivalents49.32M
Total Debt399.67M
Net Debt350.35M
Equity (Book Value)253.71M
Book Value Per Share7.20
Working Capital111.77M

Cash Flow

Westlake Chemical Partners LP produced 465.66M in operating cash flow over the past twelve months. After subtracting -56.52M in capital expenditures, free cash flow totaled 409.14M - equivalent to 11.58 per share.

Operating Cash Flow465.66M
Capital Expenditures-56.52M
Free Cash Flow409.14M
FCF Per Share11.58

Margins

Westlake Chemical Partners LP operates with a gross margin of 31.16, reflecting its pricing power and cost economics. The operating margin of 28.80 and net profit margin of 4.66 provide insight into operational efficiency.

Gross Margin31.16
Operating Margin28.80
Pretax Margin27.14
Profit Margin4.66
EBITDA Margin36.08

Dividends & Yields

The company's payout ratio of 10.87 indicates the proportion of earnings distributed to shareholders.

Dividend Per Share1.88
Dividend YieldN/A
Payout Ratio10.87
Shareholder Yield50.52
FCF Yield66.38

Scores

Westlake Chemical Partners LP posts an Altman Z-Score of 3.15, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score3.15