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Westlake Chemical Corp Stock Research

WLK

121.10USD-3.08(-2.48%)Market Closed
Watchlist

Market Summary

USD121.10-3.08
Market Closed
-2.48%

WLK Alerts

  • 1 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big fall in earnings (Y/Y)

WLK Stock Price

WLK RSI Chart

WLK Valuation

Market Cap

15.9B

Price/Earnings (Trailing)

11.86

Price/Sales (Trailing)

1.14

EV/EBITDA

4.48

Price/Free Cashflow

9.18

WLK Price/Sales (Trailing)

WLK Profitability

EBT Margin

16.33%

Return on Equity

18.46%

Return on Assets

9.13%

Free Cashflow Yield

10.89%

WLK Fundamentals

WLK Revenue

Revenue (TTM)

13.9B

Revenue Y/Y

-27.48%

Revenue Q/Q

-3.13%

WLK Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-65.38%

Earnings Q/Q

-27.03%

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

Current Ratio

2.85

WLK Investor Care

Buy Backs (1Y)

0.54%

Diluted EPS (TTM)

10.26

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for WLK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold WLK recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 45

Latest Funds Activity

Are funds buying WLK calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WLK
No. of Funds

Schedule 13G FIlings of Westlake Chemical

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
31.5B
43.0B
-0.90% 27.14%
14.89
0.73
-19.65% -61.23%
17.9B
11.9B
8.41% -31.08%
-8.13
1.51
-6.11% -441.15%
15.9B
13.9B
-5.28% 39.60%
11.86
1.14
-8.20% -53.46%
12.2B
7.3B
-6.21% 7.15%
25.52
1.68
8.18% -2.60%
-
17.9B
-5.63% 12.72%
-
-
1.96% 21.57%
MID-CAP
-
5.1B
-3.30% 12.06%
-
-
9.03% 9.70%
6.1B
7.8B
-14.24% 6.57%
7.54
0.78
-20.33% -46.41%
4.4B
2.8B
-0.82% 54.45%
12.58
1.6
7.02% 79.95%
2.6B
1.5B
6.08% -17.13%
19.5
1.78
2.92% -2.93%
SMALL-CAP
313.3M
395.4M
-0.83% 16.63%
7.47
0.79
6.42% 107.62%
-
1.4B
-2.26% -1.42%
-
-
-5.70% -3.36%
29.3M
268.2M
-95.00% -98.59%
-0.05
0.11
20.46% -592.58%

Westlake Chemical News

Business Wire
Westlake Announces 40% Increase in Quarterly Dividend.
Business Wire,
38 days ago
Business Wire
Westlake Chemical
Real Investment Advice
Bull Or Bear Market? The Battle Begins. - RIA.
Real Investment Advice,
13 months ago
Business Wire

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-8.2%13,86215,09415,79416,00215,10113,47711,77810,2369,0797,9297,5047,4227,5908,0258,1188,2308,4198,5108,6358,6508,504
Gross Profit-22.4%2,7773,5804,0734,6024,8444,2713,4952,7221,9521,2491,0239501,0731,2441,2601,3641,5321,7441,9872,1292,086
  S&GA Expenses-0.8%850857835803710615551500486465449447449462458451455453445438422
EBITDA-100.0%-3,7044,1794,6914,9644,4403,6932,9482,1581,4621,2461,1561,2941,4301,407------
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%171173177180197189176164140144142143137125124119116119126136148
Earnings Before Taxes-31.3%1,6942,4652,9463,4863,8033,3492,6771,9881,2295403312484105735706738481,0611,3341,4831,420
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%1,3371,8982,2472,6672,8732,5512,0151,5099594473513104115064214726227819961,6751,578
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%-2,0952,2872,2622,2442,0491,7361,5321,166999772613676467514------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.8%20,98120,80620,55020,42520,37219,74118,45917,10814,71914,05013,83513,69413,55514,16313,26113,10712,21612,10411,60211,72111,346
  Current Assets2.4%6,2966,1465,9736,1016,0135,4055,2636,4354,4453,7343,4773,3813,1653,7682,7423,4822,5952,6272,8423,0042,694
    Cash Equivalents10.9%2,6772,4142,2281,7781,3441,0841,9413,6101,8791,4301,3371,2401,1301,5597501,459431467775811505
  Inventory-9.3%1,6711,8421,8662,0242,0211,8841,4071,1249659559188298459349369069251,0211,014939905
  Net PPE0.4%8,5508,5188,5258,3018,3038,2767,6066,9926,9196,9216,9206,8536,8876,8836,9126,8426,8326,7206,5956,5196,468
  Goodwill0%2,1672,1672,1612,1432,1392,1402,0241,2531,0851,0821,0831,0751,0701,0651,0741,0691,0791,0471,0021,0081,006
Liabilities-0.7%9,9049,97810,08510,23710,39810,4899,9319,2397,3807,2257,2577,2067,1187,7256,8586,7455,9575,9195,5265,6335,500
  Current Liabilities-1.3%2,1312,1592,2982,4612,5132,5502,3441,8981,4851,3261,3571,2181,1091,0241,2411,2381,2541,2261,1831,3011,186
    LT Debt, Current----6.0010.00264269268-------------
    LT Debt, Non Current0.0%4,8944,8924,8794,8134,8584,9024,9114,9293,5553,5473,5663,6813,7454,4323,4453,4242,6692,6692,6682,6672,666
Shareholder's Equity-2.6%10,54410,8289,9319,6219,9749,2528,5287,8697,3396,8256,5786,4886,4376,4386,4036,3626,2596,1856,0766,0885,846
  Retained Earnings2.5%10,48410,2329,8859,7009,3458,5257,8087,2026,6336,1455,9385,8635,8405,8605,7575,7245,6005,5135,4775,4005,125
  Additional Paid-In Capital1.9%601590601590582572581576571564569563558551553561558553556562558
Shares Outstanding0.1%128128-128128128-128128128-128128128-128128129-129130
Minority Interest-0.7%533537534567570571573571568564535539536545543538540553486486484
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-11.2%2,8493,2073,3953,3173,1252,8292,3942,0681,6701,5011,2971,1991,3431,2151,3011,2221,3271,3311,4091,7211,597
  Share Based Compensation8.1%40.0037.0036.0034.0032.0031.0031.0031.0031.0031.0029.0027.0026.0024.0025.0025.0024.0023.0022.0022.0023.00
Cashflow From Investing4.9%-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 Financing44.6%-341-615-587-5301,1321,4241,4371,285-419-1,133-216-53.008091,492630573-233-675-1,427-865-835
  Dividend Payments4.0%184177169161153149145142138138137136135133132131131126120114108
  Buy Backs-24.4%93.0012310168.0061.0030.0030.0030.00--54.0054.0064.0084.0030.0087.0012614110698.00-

WLK Income Statement

2023-06-30
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended6 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 sales2,6093,0385,1735,809
Gross profit6421,4451,4342,730
Selling, general and administrative expenses213220435420
Amortization of intangibles30436185
Restructuring, transaction and integration-related costs37618
Income from operations3961,1759322,207
Other income (expense)    
Interest expense(42)(44)(84)(90)
Other income, net23174528
Income before income taxes3771,1488932,145
Provision for income taxes70275179508
Net income3078737141,637
Net income attributable to noncontrolling interests10152323
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)127,649,341128,341,132127,599,093128,206,988
Diluted (in shares)128,484,016129,341,096128,471,760129,134,246

WLK Balance Sheet

2023-06-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 2,677$ 2,228
Accounts receivable, net1,8551,801
Inventories1,6711,866
Prepaid expenses and other current assets9378
Total current assets6,2965,973
Property, plant and equipment, net8,5508,525
Operating lease right-of-use assets644615
Goodwill2,1672,161
Customer relationships, net955993
Other intangible assets, net552572
Equity method investments1,1201,142
Other assets, net697569
Total assets20,98120,550
Current liabilities  
Accounts payable802889
Accrued and other liabilities1,3291,409
Total current liabilities2,1312,298
Long-term debt, net4,8944,879
Deferred income taxes1,6921,735
Pension and other post-retirement benefits358355
Operating lease liabilities536504
Other liabilities293314
Total liabilities9,90410,085
Commitments and contingencies (Note 14)
Stockholders' equity  
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding00
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at June 30, 2023 and December 31, 2022, respectively11
Common stock, held in treasury, at cost; 6,965,071 and 7,278,651 shares at June 30, 2023 and December 31, 2022, respectively(463)(467)
Additional paid-in capital601601
Retained earnings10,4849,885
Accumulated other comprehensive loss(79)(89)
Total Westlake Corporation stockholders' equity10,5449,931
Noncontrolling interests533534
Total equity11,07710,465
Total liabilities and equity$ 20,981$ 20,550
Albert Y. Chao
14600
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.