WLKP Relative Valuation
WLKP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, WLKP is overvalued; if below, it's undervalued.
Historical Valuation
Westlake Chemical Partners LP (WLKP) is now in the Undervalued zone, suggesting that its current forward PE ratio of 9.96 is considered Undervalued compared with the five-year average of 12.79. The fair price of Westlake Chemical Partners LP (WLKP) is between 31.67 to 35.81 according to relative valuation methord. Compared to the current price of 18.97 USD , Westlake Chemical Partners LP is Undervalued By 40.1%.
Relative Value
Fair Zone
31.67-35.81
Current Price：18.97
40.1%
Undervalued
9.92
PE
1Y
3Y
5Y
Trailing
Forward
2.92
EV/EBITDA
Westlake Chemical Partners LP. (WLKP) has a current EV/EBITDA of 2.92. The 5-year average EV/EBITDA is 3.46. The thresholds are as follows: Strongly Undervalued below 2.61, Undervalued between 2.61 and 3.04, Fairly Valued between 3.89 and 3.04, Overvalued between 3.89 and 4.31, and Strongly Overvalued above 4.31. The current Forward EV/EBITDA of 2.92 falls within the Undervalued range.
3.93
EV/EBIT
Westlake Chemical Partners LP. (WLKP) has a current EV/EBIT of 3.93. The 5-year average EV/EBIT is 4.60. The thresholds are as follows: Strongly Undervalued below 3.94, Undervalued between 3.94 and 4.27, Fairly Valued between 4.93 and 4.27, Overvalued between 4.93 and 5.26, and Strongly Overvalued above 5.26. The current Forward EV/EBIT of 3.93 falls within the Strongly Undervalued range.
0.53
PS
Westlake Chemical Partners LP. (WLKP) has a current PS of 0.53. The 5-year average PS is 0.65. The thresholds are as follows: Strongly Undervalued below 0.48, Undervalued between 0.48 and 0.57, Fairly Valued between 0.74 and 0.57, Overvalued between 0.74 and 0.83, and Strongly Overvalued above 0.83. The current Forward PS of 0.53 falls within the Undervalued range.
0.00
P/OCF
Westlake Chemical Partners LP. (WLKP) has a current P/OCF of 0.00. The 5-year average P/OCF is 1.31. The thresholds are as follows: Strongly Undervalued below -0.61, Undervalued between -0.61 and 0.35, Fairly Valued between 2.27 and 0.35, Overvalued between 2.27 and 3.23, and Strongly Overvalued above 3.23. The current Forward P/OCF of 0.00 falls within the Undervalued range.
7.26
P/FCF
Westlake Chemical Partners LP. (WLKP) has a current P/FCF of 7.26. The 5-year average P/FCF is 6.30. The thresholds are as follows: Strongly Undervalued below -0.49, Undervalued between -0.49 and 2.91, Fairly Valued between 9.70 and 2.91, Overvalued between 9.70 and 13.10, and Strongly Overvalued above 13.10. The current Forward P/FCF of 7.26 falls within the Historic Trend Line -Fairly Valued range.
Westlake Chemical Partners LP (WLKP) has a current Price-to-Book (P/B) ratio of 1.33. Compared to its 3-year average P/B ratio of 1.51 , the current P/B ratio is approximately -11.99% higher. Relative to its 5-year average P/B ratio of 1.58, the current P/B ratio is about -15.66% higher. Westlake Chemical Partners LP (WLKP) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 48.43%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 44.06% , the current FCF yield is about -100.00% lower.
1.33
P/B
Median3y
1.51
Median5y
1.58
31.22
FCF Yield
Median3y
48.43
Median5y
44.06
Competitors Valuation Multiple
The average P/S ratio for WLKP's competitors is , providing a benchmark for relative valuation. Westlake Chemical Partners LP Corp (WLKP) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 11.52%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of WLKP decreased by 16.62% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 277.00M to 308.90M.
The secondary factor is the P/E Change, contributed -2.41%to the performance.
Overall, the performance of WLKP in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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