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Westlake Chemical Partners LP WLKP

Morningstar Rating
$22.01 +0.03 (0.14%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

WLKP is trading within a range we consider fairly valued.
Price
$21.76
Fair Value
$31.78
Uncertainty
High
1-Star Price
$64.45
5-Star Price
$32.13
Economic Moat
Dwmsl
Capital Allocation
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News

Trading Information

Previous Close Price
$21.98
Day Range
$22.0122.02
52-Week Range
$20.8623.50
Bid/Ask
$21.93 / $22.10
Market Cap
$775.37 Mil
Volume/Avg
3,415 / 25,011

Key Statistics

Price/Earnings (Normalized)
13.29
Price/Sales
0.65
Dividend Yield (Trailing)
8.59%
Dividend Yield (Forward)
8.59%
Total Yield
8.58%

Company Profile

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
Sector
Basic Materials
Industry
Chemicals
Stock Style Box
Small Core
Total Number of Employees

Comparables

Valuation

Metric
WLKP
ECVT
BRKM3
Price/Earnings (Normalized)
13.2912.64
Price/Book Value
2.761.634.38
Price/Sales
0.651.710.25
Price/Cash Flow
1.727.47
Price/Earnings
WLKP
ECVT
BRKM3

Financial Strength

Metric
WLKP
ECVT
BRKM3
Quick Ratio
3.931.421.01
Current Ratio
4.022.071.53
Interest Coverage
13.662.83−0.61
Quick Ratio
WLKP
ECVT
BRKM3

Profitability

Metric
WLKP
ECVT
BRKM3
Return on Assets (Normalized)
25.31%4.89%−5.53%
Return on Equity (Normalized)
118.74%13.08%−69.12%
Return on Invested Capital (Normalized)
28.69%8.10%−3.81%
Return on Assets
WLKP
ECVT
BRKM3
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