Westlake Chemical Partners LP
NYSE:WLKP

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Westlake Chemical Partners LP
NYSE:WLKP
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Price: 23.05 USD 0.83% Market Closed
Market Cap: $812.5m

P/E

16.7
Current
23%
More Expensive
vs 3-y average of 13.6

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
16.7
=
Market Cap
$776.5m
/
Net Income
$48.7m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
16.7
=
Market Cap
$776.5m
/
Net Income
$48.7m

Valuation Scenarios

Westlake Chemical Partners LP is trading above its 3-year average

If P/E returns to its 3-Year Average (13.6), the stock would be worth $18.73 (19% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-27%
Maximum Upside
+37%
Average Upside
5%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 16.7 $23.05
0%
3-Year Average 13.6 $18.73
-19%
5-Year Average 12.1 $16.77
-27%
Industry Average 21.6 $29.82
+29%
Country Average 22.9 $31.6
+37%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$776.5m
/
Jan 2026
$48.7m
=
16.7
Current
$776.5m
/
Dec 2026
$67.6m
=
11.5
Forward
$776.5m
/
Dec 2027
$61.5m
=
12.6
Forward
$776.5m
/
Dec 2028
$74.1m
=
10.5
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in the United States of America
Percentile
34th
Based on 8 489 companies
34th percentile
16.7
Low
0 — 15.3
Typical Range
15.3 — 33.2
High
33.2 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.3
Median 22.9
70th Percentile 33.2
Max 1 826 183.3

Westlake Chemical Partners LP
Glance View

Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. The company is headquartered in Houston, Texas. The company went IPO on 2014-07-30. The firm operates, acquires and develop ethylene production facilities and related assets. Its business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo's assets are comprised of three ethylene production facilities, which primarily convert ethane into ethylene and have an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. OpCo owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately three billion pounds, and one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds. OpCo produces ethylene co-products, including chemical grade propylene, crude butadiene, pyrolysis gasoline and hydrogen.

WLKP Intrinsic Value
34.05 USD
Undervaluation 32%
Intrinsic Value
Price $23.05
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