Westlake Chemical Corporation
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- Market Cap.:
- $15.86 billion
- Book Value:
- Revenue TTM:
- $13.86 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $4.07 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Westlake Chemical Corporation had its IPO on 2004-08-11 under the ticker symbol WLK.
The company operates in the Basic Materials sector and Specialty Chemicals industry. Westlake Chemical Corporation has a staff strength of 15,920 employees.
Shares of Westlake Chemical Corporation opened at $123.69 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $123.69 - $125.44, and closed at $124.48.
This is a +0.22% increase from the previous day's closing price.
A total volume of 301,326 shares were traded at the close of the day’s session.
In the last one week, shares of Westlake Chemical Corporation have slipped by -6.19%.
Westlake Chemical Corporation's Key Ratios
Westlake Chemical Corporation has a market cap of $15.86 billion, indicating a price to book ratio of 1.4604 and a price to sales ratio of 0.8372.
In the last 12-months Westlake Chemical Corporation’s revenue was $13.86 billion with a gross profit of $4.07 billion and an EBITDA of $2.82 billion. The EBITDA ratio measures Westlake Chemical Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Westlake Chemical Corporation’s operating margin was 13.14% while its return on assets stood at 5.51% with a return of equity of 13.05%.
In Q2, Westlake Chemical Corporation’s quarterly earnings growth was a negative -65% while revenue growth was a negative 27.5%.
Westlake Chemical Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $10.26 per share while it has a forward price to earnings multiple of 10.01 and a PEG multiple of 1.59. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Westlake Chemical Corporation’s profitability.
Westlake Chemical Corporation stock is trading at a EV to sales ratio of 1.0979 and a EV to EBITDA ratio of 3.745. Its price to sales ratio in the trailing 12-months stood at 0.8372.
Westlake Chemical Corporation stock pays annual dividends of $1.571 per share, indicating a yield of 1.26% and a payout ratio of 15.33%.
Balance sheet and cash flow metrics
- Total Assets
- $20.98 billion
- Total Liabilities
- $2.13 billion
- Operating Cash Flow
- Capital Expenditure
- $240 million
- Dividend Payout Ratio
Westlake Chemical Corporation ended 2023 with $20.98 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $20.98 billion while shareholder equity stood at $10.54 billion.
Westlake Chemical Corporation ended 2023 with $1.69 billion in deferred long-term liabilities, $2.13 billion in other current liabilities, 1000000.00 in common stock, $10.48 billion in retained earnings and $2.17 billion in goodwill. Its cash balance stood at $2.68 billion and cash and short-term investments were $2.68 billion. The company’s total short-term debt was $3,000,000 while long-term debt stood at $4.89 billion.
Westlake Chemical Corporation’s total current assets stands at $6.30 billion while long-term investments were $1.12 billion and short-term investments were $0. Its net receivables were $1.86 billion compared to accounts payable of $785.00 million and inventory worth $1.67 billion.
In 2023, Westlake Chemical Corporation's operating cash flow was $-236000000.00 while its capital expenditure stood at $240 million.
Comparatively, Westlake Chemical Corporation paid $0.15 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Westlake Chemical Corporation stock is currently trading at $124.48 per share. It touched a 52-week high of $137.8575 and a 52-week low of $137.8575. Analysts tracking the stock have a 12-month average target price of $137.44.
Its 50-day moving average was $129.02 and 200-day moving average was $116.61 The short ratio stood at 5.03 indicating a short percent outstanding of 0%.
Around 7475.1% of the company’s stock are held by insiders while 3041.5% are held by institutions.
Frequently Asked Questions About Westlake Chemical Corporation
Similar Industry Stocks (Specialty Chemicals)
Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Italy, Taiwan, and internationally. The Performance and Essential Materials segment offers polyethylene, styrene monomer, ethylene co-products, polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride chlor-alkali, chlorinated derivative products, and epoxy resins. The Housing and Infrastructure Products segment provides residential PVC siding; PVC trim and mouldings; architectural stone veneer; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. The company offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.