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WLK

107.95USD+0.30(+0.28%)Market Closed

Westlake Chemical Corp

Market Summary

USD107.95+0.30Market Closed
0.28%

WLK Stock Price

RSI Chart

Valuation

Market Cap

12.6B

Price/Earnings

4.38

Price/Sales

0.83

Price/Cashflow

4.02

MarketCap/EBT

3.3

Price/Sales

Profitability

EBT Margin

25.18%

Return on Equity

30.47%

Return on Assets

14.06%

Fundamentals

Revenue

Revenue (TTM)

15.1B

Revenue Y/Y

56.8%

Revenue Q/Q

10.53%

Earnings

Earnings (TTM)

2.9B

Earnings Y/Y

64.37%

Earnings Q/Q

13.49%

Price Action

52 Week Range

81.29141.19
(Low)(High)

Last 7 days

2.1%

Last 30 days

13.5%

Last 90 days

13.8%

Trailing 12 Months

19.2%

Financial Health

Current Ratio

2.39

Debt/Equity

0.42

Debt/Cashflow

0.71

Investor Care

Dividend Yield

1.21%

Dividend/Share (TTM)

1.19

Buy Backs (1Y)

0.15%

Diluted EPS (TTM)

22.1

Peers (Alternatives to Westlake Chemical)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
26.8B
17.7B
25.40% -12.04%
24.98
1.52
7.87% -24.63%
25.4B
53.1B
10.05% 9.06%
4.66
0.48
28.57% 33.04%
24.7B
12.6B
14.54% -21.70%
38.33
1.95
27.61% -794.99%
12.6B
15.1B
13.46% 19.16%
4.38
0.83
66.33% 206.75%
12.3B
6.7B
13.38% 13.75%
24.93
1.83
9.85% -2.22%
MID-CAP
7.4B
9.8B
7.03% 9.31%
5.17
0.76
20.84% 50.13%
5.3B
4.8B
18.48% -12.60%
26.11
1.1
9.91% -28.25%
3.0B
2.7B
10.12% 0.38%
14.52
1.13
15.23% -14.28%
3.0B
1.4B
12.93% -22.08%
21.74
2.11
3.95% 19.12%
2.4B
999.6M
1.27% 44.25%
215.4
2.37
3.34% -90.08%
SMALL-CAP
1.8B
1.1B
1.57% 27.74%
12.39
1.64
17.45% 247.74%
948.1M
258.8M
-35.27% -70.13%
-4.46
4.03
-27.46% 18.54%
809.2M
1.4B
1.78% 6.78%
10.8
0.56
34.41% 1.53%
304.6M
385.3M
34.37% 10.55%
15.08
0.82
45.84% 141.13%

Financials for Westlake Chemical

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue12.1%15,10113,47711,77810,2369,079
Gross Profit13.4%4,8444,2713,4952,7221,952
  S&GA Expenses15.4%710615551500486
Earnings Before Taxes13.6%3,8033,3492,6771,9881,229
Net Income13.3%2,8652,5292,0151,484934
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets3.2%20,37219,74118,45917,10814,719
  Current Assets11.2%6,0135,4055,2636,4354,445
    Cash Equivalents24.8%1,3171,0551,9083,5711,844
  Inventory7.3%2,0211,8841,4071,124965
  Net PPE0.3%8,3038,2767,6066,9926,919
  Goodwill0.0%2,1392,1402,0241,2531,085
Liabilities-0.9%10,39810,4899,9319,2397,380
  Current Liabilities-1.5%2,5132,5502,3441,8981,485
    LT Debt, Current-96.2%10264269268-
    LT Debt, Non Current-0.9%4,8584,9024,9114,9293,555
Shareholder's Equity8.3%9,4048,6817,9557,2986,771
  Retained Earnings9.6%9,3458,5257,8087,2026,633
  Additional Paid-In Capital1.7%582572581576571
Shares Outstanding0.2%128128128128-
Minority Interest-0.2%570571573571568
Float-3,000----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations10.5%3,1252,8292,3942,0681,670
  Share Based Compensation3.2%3231313131
Cashflow From Investing-3.6%-4,752.00-4,585.00-3,213.00-985.00-513.00
Cashflow From Financing-20.5%1,1321,4241,4371,285-419.00
  Dividend Payments2.7%153149145142138
  Buy Backs100.0%6030300
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on WLK?

79.6%


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

48.1%


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.

Returns

Cumulative Returns on WLK

13.0%


10-Year Cumulative Returns

10.8%


7-Year Cumulative Returns

3.4%


5-Year Cumulative Returns

19.6%


3-Year Cumulative Returns

What are the long-term rolling returns for WLK?

FIve years rolling returns for Westlake Chemical.

Which funds bought or sold WLK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
70.69
106,000
314,000
0.01%
2022-11-22
National Asset Management, Inc.
SOLD OFF
-100
-331,000
-
-%
2022-11-22
CVA Family Office, LLC
-
-
-
15,000
-%
2022-11-21
FourThought Financial, LLC
-
-
-5,000
37,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-732,000
5,470,000
0.01%
2022-11-18
Ambassador Advisors, LLC
-
-
-1,700,000
3,627,000
0.86%
2022-11-18
SevenOneSeven Capital Management
-
-
-264,000
310,000
0.72%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
REDUCED
-13.87
-122,000
395,000
-%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-4.41
-1,989,000
11,037,000
0.07%
2022-11-15
State of Tennessee, Treasury Department
UNCHANGED
-
-
3,389,000
0.02%

1–10 of 45

Latest Funds Activity

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

Westlake Chemical News

GuruFocus.com

Westlake Chemical Corp (WLK) P.3 days ago

Yahoo Finance

WLK Fair Value

Recent SEC filings of Westlake Chemical

View All Filings
Date Filed Form Type Document
Nov 03, 2022
S-3ASR
S-3ASR
Nov 03, 2022
8-K
Current Report
Nov 03, 2022
10-Q
Quarterly Report
Sep 01, 2022
4
Insider Trading
Aug 29, 2022
4
Insider Trading
Aug 24, 2022
4
Insider Trading

Latest Insider Trading transactions for WLK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-31
Buesinger Robert F.
SOLD
-98,940
98.94
-1,000
EVP, HIP, IT & Digital
2022-08-26
Zoeller Johnathan Stevan
SOLD
-58,037.4
107.08
-542
VP & Chief Accounting Officer
2022-08-23
Buesinger Robert F.
GIFTED
-
-
-572
EVP, HIP, IT & Digital
2022-08-13
Haas Marius
ACQUIRED
-
-
1,763
-
2022-08-13
Jenkins Dorothy C
ACQUIRED
-
-
1,763
-
2022-08-13
NORTHCUTT R BRUCE
ACQUIRED
-
-
1,763
-
2022-08-13
Sheets Jeffrey Wayne
ACQUIRED
-
-
1,763
-
2022-08-13
MCCOLLUM MARK A
ACQUIRED
-
-
1,763
-
2022-08-13
Lubel Kimberly S
ACQUIRED
-
-
1,763
-
2022-08-13
Graff Michael J
ACQUIRED
-
-
1,763
-

1–10 of 50

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.

WLK Income Statement

2022-09-30
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net sales$ 3,956$ 3,055$ 12,495$ 8,271
Cost of sales3,1802,0378,9895,872
Gross profit7761,0183,5062,399
Selling, general and administrative expenses215122635383
Amortization of intangibles392912483
Restructuring, transaction and integration-related costs66246
Income from operations5168612,7231,927
Other income (expense)    
Interest expense(44)(61)(134)(130)
Other income, net24135235
Income before income taxes4968132,6411,832
Provision for income taxes84193592423
Net income4126202,0491,409
Net income attributable to noncontrolling interests11133438
Net income attributable to Westlake Corporation$ 401$ 607$ 2,015$ 1,371
Earnings per common share attributable to Westlake Corporation:    
Basic (in dollars per share)$ 3.12$ 4.71$ 15.65$ 10.65
Diluted (in dollars per share)$ 3.10$ 4.69$ 15.54$ 10.60
Weighted average common shares outstanding:    
Basic (in shares)127,943,400128,060,193128,118,160128,053,337
Diluted (in shares)128,747,012128,765,814129,003,750128,710,097

WLK Balance Sheet

2022-09-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 1,778$ 1,908
Accounts receivable, net2,1811,868
Inventories2,0241,407
Prepaid expenses and other current assets11880
Total current assets6,1015,263
Property, plant and equipment, net8,3017,606
Operating lease right-of-use assets583562
Goodwill2,1432,024
Customer relationships, net1,0051,083
Other intangible assets, net570497
Equity method investments1,1471,007
Other assets, net575417
Total assets20,42518,459
Current liabilities  
Accounts payable994879
Accrued and other liabilities1,4611,196
Current portion of long-term debt, net6269
Total current liabilities2,4612,344
Long-term debt, net4,8134,911
Deferred income taxes1,8031,681
Pension and other post-retirement benefits394291
Operating lease liabilities474461
Other liabilities292243
Total liabilities10,2379,931
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, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at September 30, 2022 and December 31, 2021, respectively11
Common stock, held in treasury, at cost; 6,992,435 and 6,735,639 shares at September 30, 2022 and December 31, 2021, respectively(439)(399)
Additional paid-in capital590581
Retained earnings9,7007,808
Accumulated other comprehensive loss(231)(36)
Total Westlake Corporation stockholders' equity9,6217,955
Noncontrolling interests567573
Total equity10,1888,528
Total liabilities and equity$ 20,425$ 18,459