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Westlake Chemical Corp Stock Research

WLK

107.15USD+1.21(+1.14%)Delayed

Market Summary

USD107.15+1.21
Delayed
1.14%

WLK Alerts

WLK Stock Price

WLK RSI Chart

WLK Valuation

Market Cap

13.7B

Price/Earnings (Trailing)

6.1

Price/Sales (Trailing)

0.87

EV/EBITDA

2.75

Price/Free Cashflow

5.99

WLK Price/Sales (Trailing)

WLK Profitability

EBT Margin

18.65%

Return on Equity

22.63%

Return on Assets

10.93%

Free Cashflow Yield

16.68%

WLK Fundamentals

WLK Revenue

Revenue (TTM)

15.8B

Revenue Y/Y

-5.93%

Revenue Q/Q

-16.61%

WLK Earnings

Earnings (TTM)

2.2B

Earnings Y/Y

-63.98%

Earnings Q/Q

-42.14%

Price Action

52 Week Range

81.01139.93
(Low)(High)

Last 7 days

-10.6%

Last 30 days

-15.2%

Last 90 days

0.9%

Trailing 12 Months

-7.6%

WLK Financial Health

Current Ratio

2.6

WLK Investor Care

Dividend Yield

1.21%

Dividend/Share (TTM)

1.19

Buy Backs (1Y)

0.09%

Diluted EPS (TTM)

17.34

Peers (Alternatives to Westlake Chemical)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
LYB
27.7B
50.5B
 -16.68% -7.27%
7.12
0.55
 9.27% -30.76%
PPG
26.8B
17.7B
 -2.11% 3.18%
24.98
1.52
 5.06% -28.70%
IFF
21.3B
12.4B
 -14.07% -30.43%
-11.45
1.72
 6.73% -768.10%
WLK
13.7B
15.8B
 -15.23% -7.60%
6.1
0.87
 34.10% 11.51%
RPM
11.0B
7.1B
 -4.95% 4.88%
20.6
1.54
 13.30% 17.31%
MID-CAP
OLN
6.9B
9.4B
 -19.85% 0.94%
5.18
0.73
 5.23% 2.33%
AXTA
5.3B
4.9B
 -4.95% 17.14%
26.11
1.1
 10.60% -27.40%
NEU
3.4B
2.8B
 -2.30% 6.20%
12.09
1.22
 17.35% 46.43%
SXT
3.0B
1.4B
 -7.64% -8.73%
21.19
2.08
 4.11% 18.65%
GCP
2.4B
999.6M
 1.27% 44.25%
215.39
2.37
 3.34% -90.08%
SMALL-CAP
WLKP
809.2M
1.6B
 -13.12% -14.17%
10.8
0.56
 31.14% -22.26%
AMRS
428.8M
258.8M
 -24.68% -69.95%
-1.26
1.66
 -27.46% 18.54%
FF
324.7M
396.0M
 -18.40% -12.90%
21.35
0.82
 17.84% -46.38%

Financials for Westlake Chemical

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.3%15,79416,00215,10113,47711,778
Gross Profit-11.5%4,0734,6024,8444,2713,495
  S&GA Expenses4.0%835803710615551
EBITDA-10.9%4,1794,6914,9644,440-
EBITDA Margin-9.7%0.26*0.29*0.33*0.33*-
Earnings Before Taxes-15.5%2,9463,4863,8033,3492,677
EBT Margin-14.4%0.19*0.22*0.25*0.25*-
Interest Expenses-1.7%177180197189176
Net Income-16.2%2,2472,6822,8882,5512,015
Net Income Margin-15.1%0.14*0.17*0.19*0.19*-
Free Cahsflow1.1%2,2872,2622,2442,049-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.6%20,55020,42520,37219,74118,459
  Current Assets-2.1%5,9736,1016,0135,4055,263
    Cash Equivalents25.3%2,2281,7781,3171,0551,908
  Inventory-7.8%1,8662,0242,0211,8841,407
  Net PPE2.7%8,5258,3018,3038,2767,606
  Goodwill0.8%2,1612,1432,1392,1402,024
Liabilities-1.5%10,08510,23710,39810,4899,931
  Current Liabilities-6.6%2,2982,4612,5132,5502,344
    LT Debt, Current-100.0%-6.0010.00264269
    LT Debt, Non Current1.4%4,8794,8134,8584,9024,911
Shareholder's Equity3.2%9,9319,6219,9749,2527,955
  Retained Earnings1.9%9,8859,7009,3458,5257,808
  Additional Paid-In Capital1.9%601590582572581
Shares Outstanding-0.3%128128128--
Minority Interest-5.8%534567570571573
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations2.4%3,3953,3173,1252,8292,394
  Share Based Compensation5.9%36.0034.0032.0031.0031.00
Cashflow From Investing45.1%-2,479-4,519-4,752-4,585-3,213
Cashflow From Financing-10.8%-587-5301,1321,4241,437
  Dividend Payments5.0%169161153149145
  Buy Backs36.5%10174.0060.0030.00-

Risks for WLK

What is the probability of a big loss on WLK?

85.4%

Probability that Westlake Chemical stock will be more than 20% underwater in next one year

53.9%

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

Returns for WLK

Cumulative Returns on WLK

9.4%

10-Year Cumulative Returns

14.0%

7-Year Cumulative Returns

-0.4%

5-Year Cumulative Returns

48.1%

3-Year Cumulative Returns

What are the long-term rolling returns for WLK?

FIve years rolling returns for Westlake Chemical.

Annualized Returns

Which funds bought or sold WLK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
7.32
69,935,800
332,196,000
 0.36%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-12.4
1,000
45,000
 -%
2023-03-03
ROBOTTI ROBERT
reduced
-0.3
3,530,040
23,509,000
 4.69%
2023-03-01
Meixler Investment Management, Ltd.
new
-
342,176
342,176
 0.34%
2023-02-28
Voya Investment Management LLC
reduced
-9.9
28,069
471,069
 -%
2023-02-24
NATIXIS
sold off
-100
-1,025,000
-
 -%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
-282
718
 -%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
new
-
582,000
582,000
 0.01%
2023-02-22
CVA Family Office, LLC
added
5.88
3,457
18,457
 -%
2023-02-21
Empirical Finance, LLC
added
0.79
130,193
815,193
 0.08%

1–10 of 45

Latest Funds Activity

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

WLK Alerts

Westlake Chemical News

DirectorsTalk Interviews

Westlake Corporation - Consensus Indicates Potential 15.4% Upside.

DirectorsTalk Interviews,
24 hours ago

Nasdaq

Validea Benjamin Graham Strategy Daily Upgrade Report - 2/28/2023.

Nasdaq,
20 days ago

Yahoo Finance

Westlake Corporation (NYSE:WLK) Q4 2022 Earnings Call Transcript.

Yahoo Finance,
25 days ago

StreetInsider.com

Form 10-K WESTLAKE CORP For: Dec 31.

StreetInsider.com,
26 days ago

The Associated Press

Westlake: Q4 Earnings Snapshot.

The Associated Press,
27 days ago

Barchart

Stocks Set To Open Lower As Investors Await FOMC Minutes.

Barchart,
27 days ago

The Advocate

Westlake: Q4 Earnings Snapshot.

The Advocate,
27 days ago

Penny Stocks

Penny Stocks & The Stock Market This Week Feb. 21-24.

Penny Stocks,
28 days ago

Business Wire

Westlake Corporation Declares Quarterly Dividend.

Business Wire,
31 days ago

The Motley Fool

3 Stocks With High Dividend Yields.

The Motley Fool,
34 days ago

Business Wire

Westlake Announces Fourth Quarter and Full Year Earnings for ....

Business Wire,
41 days ago

Seeking Alpha

Westlake Chemical Partners: Priced Right Ahead Of Earnings ....

Seeking Alpha,
42 days ago

Penny Stocks

Stock Market This Week: Penny Stocks, News, & What To Watch Jan 23-27.

Penny Stocks,
57 days ago

Seeking Alpha

Ascent Industries Stock: Impressive Early Innings Turnaround ....

Seeking Alpha,
2 months ago

Income Investors

Westlake Chemical Partners Stock Pays Safe, Inflation-Busting ....

Income Investors,
3 months ago

Nasdaq

Stanley Druckenmiller's Firm Buys The Dip in Amazon, Meta.

Nasdaq,
4 months ago

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

WLK Fair Value

Westlake Chemical fair value in different scenarios

The table shows the Fair Value estimates for Westlake Chemical for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

261.43

143.99%

360.03

236.01%

657.71

513.82%

1113.02

938.75%

1362.92

1171.97%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Westlake Chemical Fair Value Estimates

Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Westlake Chemical

View All Filings
Date Filed Form Type Document
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Mar 15, 2023
4/A
Insider Trading
Feb 28, 2023
4
Insider Trading
Feb 28, 2023
4
Insider Trading

Latest Insider Trading transactions for WLK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-13
Janssens Thomas J.
sold (taxes)
-101,474
104
-972
svp, ops - pem & corp logistic
2023-03-13
Kearns Roger L.
sold (taxes)
-619,868
104
-5,936
coo and evp, pem
2023-03-13
Chao Albert
sold (taxes)
-2,292,960
104
-21,976
president & ceo
2023-03-13
Ederington L. Benjamin
sold (taxes)
-483,854
104
-4,636
evp, gc, cao and secretary
2023-03-13
Buesinger Robert F.
sold (taxes)
-495,957
104
-4,752
evp, hip, it & digital
2023-03-13
Chao James
sold (taxes)
-1,630,640
104
-15,625
chairman
2023-03-13
Bender Mark Steven
sold (taxes)
-629,392
104
-6,032
evp & cfo
2023-03-13
Zoeller Johnathan Stevan
sold (taxes)
-39,385
104
-377
vp and cao
2023-02-27
Bender Mark Steven
back to issuer
-361,500
120
-3,000
evp and cfo
2023-02-27
Zoeller Johnathan Stevan
acquired
120,283
71.2153
1,689
vp and cao

1–10 of 50

About Westlake Chemical

Albert Y. Chao
www.westlake.com
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.

WLK Income Statement

2022-12-31
Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net sales$ 15,794$ 11,778$ 7,504
Cost of sales11,7218,2836,481
Gross profit4,0733,4951,023
Selling, general and administrative expenses835551449
Amortization of intangibles155123109
Restructuring, transaction and integration-related costs332136
Income from operations3,0502,800429
Other income (expense)   
Interest expense(177)(176)(142)
Other income, net735344
Income before income taxes2,9462,677331
Provision for (benefit from) income taxes649607(42)
Net income2,2972,070373
Net income attributable to noncontrolling interests505543
Net income attributable to Westlake Corporation$ 2,247$ 2,015$ 330
Earnings per common share attributable to Westlake Corporation:   
Basic (in dollars per share)$ 17.46$ 15.66$ 2.57
Diluted (in dollars per share)$ 17.34$ 15.58$ 2.56
Weighted average common shares outstanding:   
Basic (in shares)127,970,445128,002,911127,850,592
Diluted (in shares)128,845,562128,697,982128,089,058

WLK Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 2,228$ 1,908
Accounts receivable, net1,8011,868
Inventories1,8661,407
Prepaid expenses and other current assets7880
Total current assets5,9735,263
Property, plant and equipment, net8,5257,606
Operating lease right-of-use assets615562
Goodwill2,1612,024
Customer relationships, net9931,083
Other intangible assets, net572497
Equity method investments1,1421,007
Other assets, net569417
Total assets20,55018,459
Current liabilities  
Accounts payable889879
Accrued and other liabilities1,4091,196
Current portion of long-term debt, net0269
Total current liabilities2,2982,344
Long-term debt, net4,8794,911
Deferred income taxes1,7351,681
Pension and other post-retirement benefits355291
Operating lease liabilities504461
Other liabilities314243
Total liabilities10,0859,931
Commitments and contingencies
Stockholders' equity  
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding00
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at December 31, 2022 and 2021, respectively11
Common stock, held in treasury, at cost; 7,278,651 and 6,735,639 shares at December 31, 2022 and 2021, respectively(467)(399)
Additional paid-in capital601581
Retained earnings9,8857,808
Accumulated other comprehensive loss(89)(36)
Total Westlake Corporation stockholders' equity9,9317,955
Noncontrolling interests534573
Total equity10,4658,528
Total liabilities and equity$ 20,550$ 18,459