Westlake Chemical Partners LP
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- Market Cap.:
- $773.12 million
- Book Value:
- Revenue TTM:
- $1.35 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $377.37 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Westlake Chemical Partners LP had its IPO on 2014-07-30 under the ticker symbol WLKP.
The company operates in the Basic Materials sector and Chemicals industry. Westlake Chemical Partners LP has a staff strength of 0 employees.
Shares of Westlake Chemical Partners LP opened at $22.14 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $21.55 - $22.14, and closed at $21.68.
This is a -1.23% slip from the previous day's closing price.
A total volume of 53,804 shares were traded at the close of the day’s session.
In the last one week, shares of Westlake Chemical Partners LP have slipped by -4.2%.
Westlake Chemical Partners LP's Key Ratios
Westlake Chemical Partners LP has a market cap of $773.12 million, indicating a price to book ratio of 2.6922 and a price to sales ratio of 0.4907.
In the last 12-months Westlake Chemical Partners LP’s revenue was $1.35 billion with a gross profit of $377.37 million and an EBITDA of $468.20 million. The EBITDA ratio measures Westlake Chemical Partners LP's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Westlake Chemical Partners LP’s operating margin was 26.28% while its return on assets stood at 15.89% with a return of equity of 36.61%.
In Q2, Westlake Chemical Partners LP’s quarterly earnings growth was a negative -27.7% while revenue growth was a negative 41.1%.
Westlake Chemical Partners LP’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.65 per share while it has a forward price to earnings multiple of 12.0048 and a PEG multiple of 0.23. 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 Partners LP’s profitability.
Westlake Chemical Partners LP stock is trading at a EV to sales ratio of 0.7488 and a EV to EBITDA ratio of 2.2787. Its price to sales ratio in the trailing 12-months stood at 0.4907.
Westlake Chemical Partners LP stock pays annual dividends of $1.886 per share, indicating a yield of 8.49% and a payout ratio of 113.59%.
Balance sheet and cash flow metrics
- Total Assets
- $1.34 billion
- Total Liabilities
- $66.32 million
- Operating Cash Flow
- Capital Expenditure
- $4.51 million
- Dividend Payout Ratio
Westlake Chemical Partners LP ended 2023 with $1.34 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.34 billion while shareholder equity stood at $867.96 million.
Westlake Chemical Partners LP ended 2023 with $1.64 million in deferred long-term liabilities, $66.32 million in other current liabilities, in common stock, $0 in retained earnings and $5.81 million in goodwill. Its cash balance stood at $59.43 million and cash and short-term investments were $59.43 million. The company’s total short-term debt was $0 while long-term debt stood at $399.67 million.
Westlake Chemical Partners LP’s total current assets stands at $220.55 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $157.14 million compared to accounts payable of $39.37 million and inventory worth $3.26 million.
In 2023, Westlake Chemical Partners LP's operating cash flow was $-46513000.00 while its capital expenditure stood at $4.51 million.
Comparatively, Westlake Chemical Partners LP paid $1.14 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Westlake Chemical Partners LP stock is currently trading at $21.68 per share. It touched a 52-week high of $24.4526 and a 52-week low of $24.4526. Analysts tracking the stock have a 12-month average target price of $41.67.
Its 50-day moving average was $22.26 and 200-day moving average was $21.8 The short ratio stood at 0.96 indicating a short percent outstanding of 0%.
Around 4503.7% of the company’s stock are held by insiders while 3604.8% are held by institutions.
Frequently Asked Questions About Westlake Chemical Partners LP
Similar Industry Stocks (Chemicals)
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 founded in 1991 and is headquartered in Houston, Texas.