WESTLAKE CHEMICAL PARTNERS L (WLKP) Stock Fundamental Analysis
USA - NYSE:WLKP - US9604171036
20.69 USD
+0.09 (+0.44%)
Overall WLKP gets a fundamental rating of 6 out of 10. We evaluated WLKP against 83 industry peers in the Chemicals industry. WLKP has an excellent profitability rating, but there are some minor concerns on its financial health. WLKP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
WLKP had positive earnings in the past year.
In the past year WLKP had a positive cash flow from operations.
WLKP had positive earnings in each of the past 5 years.
In the past 5 years WLKP always reported a positive cash flow from operatings.
1.2 Ratios
WLKP's Return On Assets of 4.03% is fine compared to the rest of the industry. WLKP outperforms 74.70% of its industry peers.
WLKP's Return On Equity of 20.06% is amongst the best of the industry. WLKP outperforms 90.36% of its industry peers.
Looking at the Return On Invested Capital, with a value of 21.73%, WLKP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
WLKP had an Average Return On Invested Capital over the past 3 years of 22.83%. This is significantly above the industry average of 6.30%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.03% | ||
| ROE | 20.06% | ||
| ROIC | 21.73% |
ROA(3y)4.55%
ROA(5y)4.82%
ROE(3y)21.33%
ROE(5y)23.18%
ROIC(3y)22.83%
ROIC(5y)22.66%
1.3 Margins
The Profit Margin of WLKP (4.78%) is better than 67.47% of its industry peers.
WLKP's Profit Margin has been stable in the last couple of years.
WLKP has a Operating Margin of 30.82%. This is amongst the best in the industry. WLKP outperforms 96.39% of its industry peers.
WLKP's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 33.32%, WLKP is doing good in the industry, outperforming 66.27% of the companies in the same industry.
In the last couple of years the Gross Margin of WLKP has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.82% | ||
| PM (TTM) | 4.78% | ||
| GM | 33.32% |
OM growth 3Y0.56%
OM growth 5Y1.4%
PM growth 3Y-6.83%
PM growth 5Y-0.34%
GM growth 3Y0.48%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), WLKP is creating value.
WLKP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, WLKP has about the same amount of shares outstanding.
Compared to 1 year ago, WLKP has a worse debt to assets ratio.
2.2 Solvency
WLKP has a debt to FCF ratio of 1.64. This is a very positive value and a sign of high solvency as it would only need 1.64 years to pay back of all of its debts.
WLKP's Debt to FCF ratio of 1.64 is amongst the best of the industry. WLKP outperforms 91.57% of its industry peers.
WLKP has a Debt/Equity ratio of 1.52. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of WLKP (1.52) is worse than 77.11% of its industry peers.
Although WLKP does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | 1.64 | ||
| Altman-Z | N/A |
ROIC/WACC2.5
WACC8.68%
2.3 Liquidity
A Current Ratio of 2.15 indicates that WLKP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.15, WLKP is in line with its industry, outperforming 59.04% of the companies in the same industry.
A Quick Ratio of 2.10 indicates that WLKP has no problem at all paying its short term obligations.
WLKP has a better Quick ratio (2.10) than 79.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.15 | ||
| Quick Ratio | 2.1 |
3. Growth
3.1 Past
WLKP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.45%.
WLKP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.11% yearly.
The Revenue has decreased by -7.24% in the past year.
WLKP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.79% yearly.
EPS 1Y (TTM)-7.45%
EPS 3Y-8.89%
EPS 5Y0.11%
EPS Q2Q%0%
Revenue 1Y (TTM)-7.24%
Revenue growth 3Y-2.22%
Revenue growth 5Y0.79%
Sales Q2Q%4.56%
3.2 Future
WLKP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.67% yearly.
WLKP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.77% yearly.
EPS Next Y-21.34%
EPS Next 2Y8.42%
EPS Next 3Y4.67%
EPS Next 5YN/A
Revenue Next Year6.93%
Revenue Next 2Y10.4%
Revenue Next 3Y7.77%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
WLKP is valuated correctly with a Price/Earnings ratio of 13.89.
71.08% of the companies in the same industry are more expensive than WLKP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of WLKP to the average of the S&P500 Index (27.35), we can say WLKP is valued slightly cheaper.
A Price/Forward Earnings ratio of 9.94 indicates a reasonable valuation of WLKP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WLKP indicates a somewhat cheap valuation: WLKP is cheaper than 79.52% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. WLKP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.89 | ||
| Fwd PE | 9.94 |
4.2 Price Multiples
96.39% of the companies in the same industry are more expensive than WLKP, based on the Enterprise Value to EBITDA ratio.
98.80% of the companies in the same industry are more expensive than WLKP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.99 | ||
| EV/EBITDA | 2.4 |
4.3 Compensation for Growth
WLKP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)122.47
EPS Next 2Y8.42%
EPS Next 3Y4.67%
5. Dividend
5.1 Amount
WLKP has a Yearly Dividend Yield of 8.95%, which is a nice return.
Compared to an average industry Dividend Yield of 3.69, WLKP pays a better dividend. On top of this WLKP pays more dividend than 91.57% of the companies listed in the same industry.
WLKP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.95% |
5.2 History
The dividend of WLKP has a limited annual growth rate of 0.46%.
WLKP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of WLKP decreased in the last 3 years.
Dividend Growth(5Y)0.46%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
126.23% of the earnings are spent on dividend by WLKP. This is not a sustainable payout ratio.
The dividend of WLKP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP126.23%
EPS Next 2Y8.42%
EPS Next 3Y4.67%
NYSE:WLKP (10/13/2025, 8:04:00 PM)
20.69
+0.09 (+0.44%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners29.29%
Inst Owner Change0.02%
Ins Owners1.31%
Ins Owner Change-0.04%
Market Cap729.12M
Analysts80
Price Target26.01 (25.71%)
Short Float %0.32%
Short Ratio1.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.95% |
Yearly Dividend1.89
Dividend Growth(5Y)0.46%
DP126.23%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-37.03%
Min EPS beat(2)-62.4%
Max EPS beat(2)-11.66%
EPS beat(4)2
Avg EPS beat(4)-8.65%
Min EPS beat(4)-62.4%
Max EPS beat(4)25.21%
EPS beat(8)2
Avg EPS beat(8)-9.65%
EPS beat(12)2
Avg EPS beat(12)-9.94%
EPS beat(16)3
Avg EPS beat(16)-4.91%
Revenue beat(2)0
Avg Revenue beat(2)-12.26%
Min Revenue beat(2)-21.29%
Max Revenue beat(2)-3.22%
Revenue beat(4)2
Avg Revenue beat(4)-1.17%
Min Revenue beat(4)-21.29%
Max Revenue beat(4)11.3%
Revenue beat(8)3
Avg Revenue beat(8)-2.74%
Revenue beat(12)4
Avg Revenue beat(12)-6.47%
Revenue beat(16)8
Avg Revenue beat(16)-0.73%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.44%
EPS NY rev (1m)-10.78%
EPS NY rev (3m)-13.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.89 | ||
| Fwd PE | 9.94 | ||
| P/S | 0.66 | ||
| P/FCF | 2.99 | ||
| P/OCF | 2.33 | ||
| P/B | 2.78 | ||
| P/tB | 2.84 | ||
| EV/EBITDA | 2.4 |
EPS(TTM)1.49
EY7.2%
EPS(NY)2.08
Fwd EY10.06%
FCF(TTM)6.92
FCFY33.47%
OCF(TTM)8.89
OCFY42.98%
SpS31.27
BVpS7.45
TBVpS7.28
PEG (NY)N/A
PEG (5Y)122.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.03% | ||
| ROE | 20.06% | ||
| ROCE | 27.51% | ||
| ROIC | 21.73% | ||
| ROICexc | 22.4% | ||
| ROICexgc | 22.51% | ||
| OM | 30.82% | ||
| PM (TTM) | 4.78% | ||
| GM | 33.32% | ||
| FCFM | 22.15% |
ROA(3y)4.55%
ROA(5y)4.82%
ROE(3y)21.33%
ROE(5y)23.18%
ROIC(3y)22.83%
ROIC(5y)22.66%
ROICexc(3y)23.98%
ROICexc(5y)23.46%
ROICexgc(3y)24.09%
ROICexgc(5y)23.57%
ROCE(3y)28.9%
ROCE(5y)28.68%
ROICexcg growth 3Y3.2%
ROICexcg growth 5Y4.87%
ROICexc growth 3Y3.18%
ROICexc growth 5Y4.85%
OM growth 3Y0.56%
OM growth 5Y1.4%
PM growth 3Y-6.83%
PM growth 5Y-0.34%
GM growth 3Y0.48%
GM growth 5Y1.2%
F-Score4
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | 1.64 | ||
| Debt/EBITDA | 0.88 | ||
| Cap/Depr | 60.24% | ||
| Cap/Sales | 6.29% | ||
| Interest Coverage | 13.75 | ||
| Cash Conversion | 68.92% | ||
| Profit Quality | 463.61% | ||
| Current Ratio | 2.15 | ||
| Quick Ratio | 2.1 | ||
| Altman-Z | N/A |
F-Score4
WACC8.68%
ROIC/WACC2.5
Cap/Depr(3y)43.64%
Cap/Depr(5y)48.28%
Cap/Sales(3y)3.88%
Cap/Sales(5y)4.43%
Profit Quality(3y)694.43%
Profit Quality(5y)597.61%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.45%
EPS 3Y-8.89%
EPS 5Y0.11%
EPS Q2Q%0%
EPS Next Y-21.34%
EPS Next 2Y8.42%
EPS Next 3Y4.67%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.24%
Revenue growth 3Y-2.22%
Revenue growth 5Y0.79%
Sales Q2Q%4.56%
Revenue Next Year6.93%
Revenue Next 2Y10.4%
Revenue Next 3Y7.77%
Revenue Next 5YN/A
EBIT growth 1Y-7.67%
EBIT growth 3Y-1.67%
EBIT growth 5Y2.2%
EBIT Next Year119.06%
EBIT Next 3Y34.31%
EBIT Next 5YN/A
FCF growth 1Y-44.84%
FCF growth 3Y10.04%
FCF growth 5Y1.38%
OCF growth 1Y-34.9%
OCF growth 3Y5.9%
OCF growth 5Y1.47%