Westlake Chemical Partners LP
NYSE:WLKP
Intrinsic Value
Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. [ Read More ]
The intrinsic value of one
WLKP
stock under the Base Case scenario is
73.45
USD.
Compared to the current market price of 21.94 USD,
Westlake Chemical Partners LP
is
Undervalued by 70%.
WLKP could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Westlake Chemical Partners LP's market capitalization is 772.9m USD.
WLKP stock price is 21.94 USD.
WLKP stock price (21.94 USD) is 70% less than its Intrinsic Value (73.45 USD).
WLKP stock price (21.94 USD) is 47% less than its Relative Value (41.41 USD). Open Relative Valuation
WLKP has upside potential of 105% compared to the average analyst price target.
Open Wall St Estimates
WLKP's Revenue is forecast to grow at a rate of 5% per year over the next 3 years.
WLKP's ROE (Return on Equity) has decreased in the last 3 years from 23% to 19%.
WLKP's ROIC (Return on Invested Capital) has increased in the last 3 years from 25% to 29%.
WLKP's Revenue has been growing by 7% per year for the last 3 years.
WLKP's Altman Z-Score is equal to 2.34.
WLKP's long-term assets (1B USD) exceed its long-term liabilties (1B USD).
WLKP's ROE (Return on Equity) for the past 12 months is positive and is equal to 19%.
WLKP has positive Net Income for the last twelve months.
WLKP's D/E (Debt to Equity) is equal to 1.43.
WLKP's ROIC (Return on Invested Capital) for the past 12 months is very high and is equal to 29%.
WLKP's Revenue has dropped by 25% over the past 12 months.
WLKP has positive Gross Profit for the last twelve months.
WLKP has positive Operating Income for the last twelve months.
WLKP has positive three-year average ROE (Return on Equity): 24%. The company is efficient at transforming stockholders' equity into net income.
WLKP has very high three-year average ROIC (Return on Invested Capital): 28%. The company is very efficient at using invested capital to generate operating income.
WLKP has positive Free Cash Flow for the last twelve months.
WLKP has positive Net Debt. This means that the company has more debt (400m USD) than cash and short-term investments (59m USD).
WLKP earns more than enough operating income (358m USD) to safely cover interest payments on its debt (25m USD).
WLKP's short-term assets (226m USD) exceed its short-term liabilties (56m USD).
Valuation Backtest
Westlake Chemical Partners LP
Run backtest to discover the historical profit from buying and selling
WLKP
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Westlake Chemical Partners LP
Balance Sheet Decomposition
Westlake Chemical Partners LP
| Current Assets | 226.2m |
| Cash & Short-Term Investments | 58.6m |
| Receivables | 162.7m |
| Other Current Assets | 4.9m |
| Non-Current Assets | 1.1B |
| PP&E | 943.8m |
| Intangibles | 5.8m |
| Other Non-Current Assets | 141m |
| Current Liabilities | 56.3m |
| Accounts Payable | 87.7m |
| Accrued Liabilities | 25m |
| Other Current Liabilities | -56.3m |
| Non-Current Liabilities | 980.6m |
| Long-Term Debt | 399.7m |
| Other Non-Current Liabilities | 580.9m |
Earnings Waterfall
Westlake Chemical Partners LP
|
Revenue
|
1.2B
USD
|
|
Cost of Revenue
|
-803.3m
USD
|
|
Gross Profit
|
387.5m
USD
|
|
Operating Expenses
|
-29.8m
USD
|
|
Operating Income
|
357.7m
USD
|
|
Other Expenses
|
-303.4m
USD
|
|
Net Income
|
54.3m
USD
|
Free Cash Flow Analysis
Westlake Chemical Partners LP
WLKP Profitability Score
Profitability Due Diligence
Westlake Chemical Partners LP's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Score
Westlake Chemical Partners LP's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
WLKP Solvency Score
Solvency Due Diligence
Westlake Chemical Partners LP's solvency score is 56/100. The higher the solvency score, the more solvent the company is.
Score
Westlake Chemical Partners LP's solvency score is 56/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
WLKP Price Targets Summary
Westlake Chemical Partners LP
According to Wall Street analysts, the average 1-year price target for
WLKP
is 45.08 USD
with a low forecast of 22.22 USD and a high forecast of 129.15 USD.
Ownership
WLKP Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
WLKP Price
Westlake Chemical Partners LP
| Average Annual Return | 8.67% |
| Standard Deviation of Annual Returns | 14.65% |
| Max Drawdown | -60% |
| Market Capitalization | 772.9m USD |
| Shares Outstanding | 35 230 000 |
| Percentage of Shares Shorted | 0.73% |
Company Profile
Westlake Chemical Partners LP
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
WLKP
stock under the Base Case scenario is
73.45
USD.
Compared to the current market price of 21.94 USD,
Westlake Chemical Partners LP
is
Undervalued by 70%.
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