Market Summary
USD121.10-3.08
Market Closed-2.48%
WLK Stock Price
WLK RSI Chart
WLK Valuation
WLK Price/Sales (Trailing)
WLK Profitability
WLK Fundamentals
WLK Revenue
WLK Earnings
Price Action
52 Week Range
81.01138.39
(Low)(High)
Last 7 days
0.2%
Last 30 days
-5.3%
Last 90 days
12.6%
Trailing 12 Months
39.6%
WLK Financial Health
WLK Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for WLK
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-31 | Chao James | back to issuer | -32,102,700 | 131 | -244,591 | chairman |
2023-08-31 | Chao James | gifted | - | - | -58,268 | chairman |
2023-08-31 | Chao David Tsung-Hung | gifted | - | - | 19,423 | - |
2023-08-31 | Chao Catherine T. | gifted | - | - | 19,423 | - |
2023-08-31 | Chao Albert | acquired | 1,278,780 | 63.9775 | 19,988 | president & ceo |
2023-08-31 | Chao James | acquired | 17,097,000 | 69.9003 | 244,591 | chairman |
2023-08-31 | Chao Albert | back to issuer | -2,629,030 | 131 | -19,988 | president & ceo |
2023-08-30 | Chao James | back to issuer | -4,018,580 | 133 | -30,056 | chairman |
2023-08-30 | Chao James | acquired | 1,626,730 | 54.1232 | 30,056 | chairman |
2023-08-30 | Chao Albert | back to issuer | -2,682,970 | 134 | -20,000 | president & ceo |
Which funds bought or sold WLK recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 21.00 | 717 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 0.2 | 381,134 | 12,253,000 | 0.12% |
2023-08-22 | COMERICA BANK | new | - | 2,000 | 2,000 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 4.73 | 257,440 | 2,915,650 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.3 | 89,000 | 747,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.32 | 41,596 | 6,803,580 | 0.01% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -5.36 | -1,605,720 | 62,259,300 | 0.02% |
2023-08-15 | WELLS FARGO & COMPANY/MN | reduced | -13.38 | -1,406,680 | 11,646,900 | -% |
2023-08-15 | Vestcor Inc | unchanged | - | 21,000 | 717,000 | 0.03% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | reduced | -30.46 | -4,106,000 | 10,368,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Westlake Chemical
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jan 18, 2023 | ttwf lp | 72.2% | 92,010,554 | SC 13G/A | |
| Jan 21, 2022 | ttwf lp | 71.9% | 92,010,554 | SC 13G/A | |
| Feb 05, 2021 | ttwf lp | 72.0% | 92,010,554 | SC 13G/A | |
| Feb 07, 2020 | fmr llc | - | 0 | SC 13G/A | |
| Jan 24, 2020 | ttwf lp | 71.7% | 92,010,554 | SC 13G/A |
Recent SEC filings of Westlake Chemical
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 15, 2023 | 4/A | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 144 | Notice of Insider Sale Intent |
Peers (Alternatives to Westlake Chemical)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LYB | 31.5B | 43.0B | -0.90% | 27.14% | 14.89 | 0.73 | -19.65% | -61.23% |
IFF | 17.9B | 11.9B | 8.41% | -31.08% | -8.13 | 1.51 | -6.11% | -441.15% |
WLK | 15.9B | 13.9B | -5.28% | 39.60% | 11.86 | 1.14 | -8.20% | -53.46% |
RPM | 12.2B | 7.3B | -6.21% | 7.15% | 25.52 | 1.68 | 8.18% | -2.60% |
PPG | - | 17.9B | -5.63% | 12.72% | - | - | 1.96% | 21.57% |
| MID-CAP | ||||||||
AXTA | - | 5.1B | -3.30% | 12.06% | - | - | 9.03% | 9.70% |
OLN | 6.1B | 7.8B | -14.24% | 6.57% | 7.54 | 0.78 | -20.33% | -46.41% |
NEU | 4.4B | 2.8B | -0.82% | 54.45% | 12.58 | 1.6 | 7.02% | 79.95% |
SXT | 2.6B | 1.5B | 6.08% | -17.13% | 19.5 | 1.78 | 2.92% | -2.93% |
| SMALL-CAP | ||||||||
FF | 313.3M | 395.4M | -0.83% | 16.63% | 7.47 | 0.79 | 6.42% | 107.62% |
WLKP | - | 1.4B | -2.26% | -1.42% | - | - | -5.70% | -3.36% |
AMRS | 29.3M | 268.2M | -95.00% | -98.59% | -0.05 | 0.11 | 20.46% | -592.58% |
Westlake Chemical News
Returns for WLK
Cumulative Returns on WLK
10.3%
10-Year Cumulative Returns
15.1%
7-Year Cumulative Returns
9.0%
5-Year Cumulative Returns
23.8%
3-Year Cumulative Returns
Risks for WLK
What is the probability of a big loss on WLK?
90.4%
Probability that Westlake Chemical stock will be more than 20% underwater in next one year
56.9%
Probability that Westlake Chemical stock will be more than 30% underwater in next one year.
35.4%
Probability that Westlake Chemical stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does WLK drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Westlake Chemical was unfortunately bought at previous high price.
Drawdowns
Financials for Westlake Chemical
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -8.2% | 13,862 | 15,094 | 15,794 | 16,002 | 15,101 | 13,477 | 11,778 | 10,236 | 9,079 | 7,929 | 7,504 | 7,422 | 7,590 | 8,025 | 8,118 | 8,230 | 8,419 | 8,510 | 8,635 | 8,650 | 8,504 |
| Gross Profit | -22.4% | 2,777 | 3,580 | 4,073 | 4,602 | 4,844 | 4,271 | 3,495 | 2,722 | 1,952 | 1,249 | 1,023 | 950 | 1,073 | 1,244 | 1,260 | 1,364 | 1,532 | 1,744 | 1,987 | 2,129 | 2,086 |
| S&GA Expenses | -0.8% | 850 | 857 | 835 | 803 | 710 | 615 | 551 | 500 | 486 | 465 | 449 | 447 | 449 | 462 | 458 | 451 | 455 | 453 | 445 | 438 | 422 |
| EBITDA | -100.0% | - | 3,704 | 4,179 | 4,691 | 4,964 | 4,440 | 3,693 | 2,948 | 2,158 | 1,462 | 1,246 | 1,156 | 1,294 | 1,430 | 1,407 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.25* | 0.26* | 0.29* | 0.33* | 0.33* | 0.31* | 0.29* | 0.24* | 0.18* | 0.17* | 0.16* | 0.17* | 0.18* | 0.17* | - | - | - | - | - | - |
| Interest Expenses | -1.2% | 171 | 173 | 177 | 180 | 197 | 189 | 176 | 164 | 140 | 144 | 142 | 143 | 137 | 125 | 124 | 119 | 116 | 119 | 126 | 136 | 148 |
| Earnings Before Taxes | -31.3% | 1,694 | 2,465 | 2,946 | 3,486 | 3,803 | 3,349 | 2,677 | 1,988 | 1,229 | 540 | 331 | 248 | 410 | 573 | 570 | 673 | 848 | 1,061 | 1,334 | 1,483 | 1,420 |
| EBT Margin | -100.0% | - | 0.16* | 0.19* | 0.22* | 0.25* | 0.25* | 0.23* | 0.19* | 0.14* | 0.07* | 0.04* | 0.03* | 0.05* | 0.07* | 0.07* | - | - | - | - | - | - |
| Net Income | -29.6% | 1,337 | 1,898 | 2,247 | 2,667 | 2,873 | 2,551 | 2,015 | 1,509 | 959 | 447 | 351 | 310 | 411 | 506 | 421 | 472 | 622 | 781 | 996 | 1,675 | 1,578 |
| Net Income Margin | -100.0% | - | 0.13* | 0.14* | 0.17* | 0.19* | 0.19* | 0.17* | 0.14* | 0.10* | 0.05* | 0.04* | 0.04* | 0.05* | 0.06* | 0.05* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,095 | 2,287 | 2,262 | 2,244 | 2,049 | 1,736 | 1,532 | 1,166 | 999 | 772 | 613 | 676 | 467 | 514 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.8% | 20,981 | 20,806 | 20,550 | 20,425 | 20,372 | 19,741 | 18,459 | 17,108 | 14,719 | 14,050 | 13,835 | 13,694 | 13,555 | 14,163 | 13,261 | 13,107 | 12,216 | 12,104 | 11,602 | 11,721 | 11,346 |
| Current Assets | 2.4% | 6,296 | 6,146 | 5,973 | 6,101 | 6,013 | 5,405 | 5,263 | 6,435 | 4,445 | 3,734 | 3,477 | 3,381 | 3,165 | 3,768 | 2,742 | 3,482 | 2,595 | 2,627 | 2,842 | 3,004 | 2,694 |
| Cash Equivalents | 10.9% | 2,677 | 2,414 | 2,228 | 1,778 | 1,344 | 1,084 | 1,941 | 3,610 | 1,879 | 1,430 | 1,337 | 1,240 | 1,130 | 1,559 | 750 | 1,459 | 431 | 467 | 775 | 811 | 505 |
| Inventory | -9.3% | 1,671 | 1,842 | 1,866 | 2,024 | 2,021 | 1,884 | 1,407 | 1,124 | 965 | 955 | 918 | 829 | 845 | 934 | 936 | 906 | 925 | 1,021 | 1,014 | 939 | 905 |
| Net PPE | 0.4% | 8,550 | 8,518 | 8,525 | 8,301 | 8,303 | 8,276 | 7,606 | 6,992 | 6,919 | 6,921 | 6,920 | 6,853 | 6,887 | 6,883 | 6,912 | 6,842 | 6,832 | 6,720 | 6,595 | 6,519 | 6,468 |
| Goodwill | 0% | 2,167 | 2,167 | 2,161 | 2,143 | 2,139 | 2,140 | 2,024 | 1,253 | 1,085 | 1,082 | 1,083 | 1,075 | 1,070 | 1,065 | 1,074 | 1,069 | 1,079 | 1,047 | 1,002 | 1,008 | 1,006 |
| Liabilities | -0.7% | 9,904 | 9,978 | 10,085 | 10,237 | 10,398 | 10,489 | 9,931 | 9,239 | 7,380 | 7,225 | 7,257 | 7,206 | 7,118 | 7,725 | 6,858 | 6,745 | 5,957 | 5,919 | 5,526 | 5,633 | 5,500 |
| Current Liabilities | -1.3% | 2,131 | 2,159 | 2,298 | 2,461 | 2,513 | 2,550 | 2,344 | 1,898 | 1,485 | 1,326 | 1,357 | 1,218 | 1,109 | 1,024 | 1,241 | 1,238 | 1,254 | 1,226 | 1,183 | 1,301 | 1,186 |
| LT Debt, Current | - | - | - | - | 6.00 | 10.00 | 264 | 269 | 268 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | 0.0% | 4,894 | 4,892 | 4,879 | 4,813 | 4,858 | 4,902 | 4,911 | 4,929 | 3,555 | 3,547 | 3,566 | 3,681 | 3,745 | 4,432 | 3,445 | 3,424 | 2,669 | 2,669 | 2,668 | 2,667 | 2,666 |
| Shareholder's Equity | -2.6% | 10,544 | 10,828 | 9,931 | 9,621 | 9,974 | 9,252 | 8,528 | 7,869 | 7,339 | 6,825 | 6,578 | 6,488 | 6,437 | 6,438 | 6,403 | 6,362 | 6,259 | 6,185 | 6,076 | 6,088 | 5,846 |
| Retained Earnings | 2.5% | 10,484 | 10,232 | 9,885 | 9,700 | 9,345 | 8,525 | 7,808 | 7,202 | 6,633 | 6,145 | 5,938 | 5,863 | 5,840 | 5,860 | 5,757 | 5,724 | 5,600 | 5,513 | 5,477 | 5,400 | 5,125 |
| Additional Paid-In Capital | 1.9% | 601 | 590 | 601 | 590 | 582 | 572 | 581 | 576 | 571 | 564 | 569 | 563 | 558 | 551 | 553 | 561 | 558 | 553 | 556 | 562 | 558 |
| Shares Outstanding | 0.1% | 128 | 128 | - | 128 | 128 | 128 | - | 128 | 128 | 128 | - | 128 | 128 | 128 | - | 128 | 128 | 129 | - | 129 | 130 |
| Minority Interest | -0.7% | 533 | 537 | 534 | 567 | 570 | 571 | 573 | 571 | 568 | 564 | 535 | 539 | 536 | 545 | 543 | 538 | 540 | 553 | 486 | 486 | 484 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -11.2% | 2,849 | 3,207 | 3,395 | 3,317 | 3,125 | 2,829 | 2,394 | 2,068 | 1,670 | 1,501 | 1,297 | 1,199 | 1,343 | 1,215 | 1,301 | 1,222 | 1,327 | 1,331 | 1,409 | 1,721 | 1,597 |
| Share Based Compensation | 8.1% | 40.00 | 37.00 | 36.00 | 34.00 | 32.00 | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 | 29.00 | 27.00 | 26.00 | 24.00 | 25.00 | 25.00 | 24.00 | 23.00 | 22.00 | 22.00 | 23.00 |
| Cashflow From Investing | 4.9% | -1,175 | -1,235 | -2,479 | -4,519 | -4,752 | -4,585 | -3,213 | -985 | -513 | -512 | -509 | -1,372 | -1,451 | -1,611 | -1,954 | -1,141 | -1,163 | -1,051 | -754 | -753 | -696 |
| Cashflow From Financing | 44.6% | -341 | -615 | -587 | -530 | 1,132 | 1,424 | 1,437 | 1,285 | -419 | -1,133 | -216 | -53.00 | 809 | 1,492 | 630 | 573 | -233 | -675 | -1,427 | -865 | -835 |
| Dividend Payments | 4.0% | 184 | 177 | 169 | 161 | 153 | 149 | 145 | 142 | 138 | 138 | 137 | 136 | 135 | 133 | 132 | 131 | 131 | 126 | 120 | 114 | 108 |
| Buy Backs | -24.4% | 93.00 | 123 | 101 | 68.00 | 61.00 | 30.00 | 30.00 | 30.00 | - | - | 54.00 | 54.00 | 64.00 | 84.00 | 30.00 | 87.00 | 126 | 141 | 106 | 98.00 | - |
WLK Income Statement
2023-06-30Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 3,251 | $ 4,483 | $ 6,607 | $ 8,539 |
| Cost of sales | 2,609 | 3,038 | 5,173 | 5,809 |
| Gross profit | 642 | 1,445 | 1,434 | 2,730 |
| Selling, general and administrative expenses | 213 | 220 | 435 | 420 |
| Amortization of intangibles | 30 | 43 | 61 | 85 |
| Restructuring, transaction and integration-related costs | 3 | 7 | 6 | 18 |
| Income from operations | 396 | 1,175 | 932 | 2,207 |
| Other income (expense) | ||||
| Interest expense | (42) | (44) | (84) | (90) |
| Other income, net | 23 | 17 | 45 | 28 |
| Income before income taxes | 377 | 1,148 | 893 | 2,145 |
| Provision for income taxes | 70 | 275 | 179 | 508 |
| Net income | 307 | 873 | 714 | 1,637 |
| Net income attributable to noncontrolling interests | 10 | 15 | 23 | 23 |
| Net income attributable to Westlake Corporation | $ 297 | $ 858 | $ 691 | $ 1,614 |
| Earnings per common share attributable to Westlake Corporation: | ||||
| Basic (in dollars per share) | $ 2.32 | $ 6.65 | $ 5.39 | $ 12.52 |
| Diluted (in dollars per share) | $ 2.31 | $ 6.60 | $ 5.35 | $ 12.43 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 127,649,341 | 128,341,132 | 127,599,093 | 128,206,988 |
| Diluted (in shares) | 128,484,016 | 129,341,096 | 128,471,760 | 129,134,246 |
WLK Balance Sheet
2023-06-30Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 2,677 | $ 2,228 |
| Accounts receivable, net | 1,855 | 1,801 |
| Inventories | 1,671 | 1,866 |
| Prepaid expenses and other current assets | 93 | 78 |
| Total current assets | 6,296 | 5,973 |
| Property, plant and equipment, net | 8,550 | 8,525 |
| Operating lease right-of-use assets | 644 | 615 |
| Goodwill | 2,167 | 2,161 |
| Customer relationships, net | 955 | 993 |
| Other intangible assets, net | 552 | 572 |
| Equity method investments | 1,120 | 1,142 |
| Other assets, net | 697 | 569 |
| Total assets | 20,981 | 20,550 |
| Current liabilities | ||
| Accounts payable | 802 | 889 |
| Accrued and other liabilities | 1,329 | 1,409 |
| Total current liabilities | 2,131 | 2,298 |
| Long-term debt, net | 4,894 | 4,879 |
| Deferred income taxes | 1,692 | 1,735 |
| Pension and other post-retirement benefits | 358 | 355 |
| Operating lease liabilities | 536 | 504 |
| Other liabilities | 293 | 314 |
| Total liabilities | 9,904 | 10,085 |
| Commitments and contingencies (Note 14) | ||
| Stockholders' equity | ||
| Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at June 30, 2023 and December 31, 2022, respectively | 1 | 1 |
| Common stock, held in treasury, at cost; 6,965,071 and 7,278,651 shares at June 30, 2023 and December 31, 2022, respectively | (463) | (467) |
| Additional paid-in capital | 601 | 601 |
| Retained earnings | 10,484 | 9,885 |
| Accumulated other comprehensive loss | (79) | (89) |
| Total Westlake Corporation stockholders' equity | 10,544 | 9,931 |
| Noncontrolling interests | 533 | 534 |
| Total equity | 11,077 | 10,465 |
| Total liabilities and equity | $ 20,981 | $ 20,550 |
Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.