The ratio of debt to operating expenses for Westlake Chemical Partners LP is higher than it is for about 94.02% of US stocks.
With a year-over-year growth in debt of -33.65%, Westlake Chemical Partners LP's debt growth rate surpasses only 8.43% of about US stocks.
Westlake Chemical Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 39.37%, greater than the shareholder yield of 92.54% of stocks in our set.
Stocks with similar financial metrics, market capitalization, and price volatility to Westlake Chemical Partners LP are CENX, BGS, SQM, LAUR, and GAIN.
WLKP's SEC filings can be seen here. And to visit Westlake Chemical Partners LP's official web site, go to www.wlkpartners.com.
Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP) Company Bio
Westlake Chemical Partners LP produces and sell ethylene, ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. The company was founded in 2014 and is based in Houston, Texas.
WLKP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Westlake Chemical Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Westlake Chemical Partners LP ranked in the 82th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 565%. As for the metrics that stood out in our discounted cash flow analysis of Westlake Chemical Partners LP, consider:
The compound growth rate in the free cash flow of Westlake Chemical Partners LP over the past 5.16 years is 0%; that's better than merely 24.88% of cash flow producing equities in the Basic Materials sector, where it is classified.
Westlake Chemical Partners LP's weighted average cost of capital (WACC) is 7%; for context, that number is higher than just 10.89% of tickers in our DCF set.
Westlake Chemical Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 1 -- greater than only 24.79% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Basic Materials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as WLKP, try STLD, APOG, NUE, KL, and SID.
In this article we will take a look at whether hedge funds think Westlake Chemical Partners LP (NYSE:WLKP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]
HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $17.7 million, or $0.50 per limited partner unit, for the three months ended March 31, 2020, an increase of $2.7 million compared to first quarter 2019 net income attributable to the Partnership of $15.0 million. The increase in net income attributable to the Partnership was primarily due to the increased production at Westlake Chemical OpCo LP ("