WLKP Valuation

Westlake Chemical Partners LP

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21.250

+0.15(0.711%)1D

Overview
Forecast
Valuation
Earnings

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 10.89 is considered Undervalued compared with the five-year average of 12.77. The fair price of Westlake Chemical Partners LP (WLKP) is between 33.23 to 37.58 according to relative valuation methord. Compared to the current price of 21.10 USD , Westlake Chemical Partners LP is Undervalued By 36.5%.

Relative Value

Fair Zone

33.23-37.58

Current Price：21.10

36.5%

Undervalued

10.89

Trailing

Forward

3.05

EV/EBITDA

Westlake Chemical Partners LP. (WLKP) has a current EV/EBITDA of 3.05. The 5-year average EV/EBITDA is 3.48. The thresholds are as follows: Strongly Undervalued below 2.65, Undervalued between 2.65 and 3.06, Fairly Valued between 3.89 and 3.06, Overvalued between 3.89 and 4.31, and Strongly Overvalued above 4.31. The current Forward EV/EBITDA of 3.05 falls within the Undervalued range.

4.36

EV/EBIT

Westlake Chemical Partners LP. (WLKP) has a current EV/EBIT of 4.36. The 5-year average EV/EBIT is 4.62. The thresholds are as follows: Strongly Undervalued below 4.00, Undervalued between 4.00 and 4.31, Fairly Valued between 4.93 and 4.31, Overvalued between 4.93 and 5.24, and Strongly Overvalued above 5.24. The current Forward EV/EBIT of 4.36 falls within the Historic Trend Line -Fairly Valued range.

0.61

Westlake Chemical Partners LP. (WLKP) has a current PS of 0.61. The 5-year average PS is 0.65. The thresholds are as follows: Strongly Undervalued below 0.47, Undervalued between 0.47 and 0.56, Fairly Valued between 0.74 and 0.56, Overvalued between 0.74 and 0.84, and Strongly Overvalued above 0.84. The current Forward PS of 0.61 falls within the Historic Trend Line -Fairly Valued 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 1.37. The thresholds are as follows: Strongly Undervalued below -0.48, Undervalued between -0.48 and 0.45, Fairly Valued between 2.29 and 0.45, Overvalued between 2.29 and 3.21, and Strongly Overvalued above 3.21. The current Forward P/OCF of 0.00 falls within the Undervalued range.

9.87

P/FCF

Westlake Chemical Partners LP. (WLKP) has a current P/FCF of 9.87. The 5-year average P/FCF is 6.05. The thresholds are as follows: Strongly Undervalued below -0.97, Undervalued between -0.97 and 2.54, Fairly Valued between 9.56 and 2.54, Overvalued between 9.56 and 13.07, and Strongly Overvalued above 13.07. The current Forward P/FCF of 9.87 falls within the Overvalued range.

Westlake Chemical Partners LP (WLKP) has a current Price-to-Book (P/B) ratio of 1.47. Compared to its 3-year average P/B ratio of 1.52 , the current P/B ratio is approximately -3.20% higher. Relative to its 5-year average P/B ratio of 1.58, the current P/B ratio is about -6.57% 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 48.70%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 45.29% , the current FCF yield is about -100.00% lower.

1.47

P/B

Median3y

1.52

Median5y

1.58

32.76

FCF Yield

Median3y

48.70

Median5y

45.29

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 4.56%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

WLKP.N

Westlake Chemical Partners LP

Compass Minerals International Inc

Tetra Technologies Inc

Performance Decomposition

Market capitalization of WLKP decreased by 2.02% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 284.17M to 297.12M.

The secondary factor is the P/E Change, contributed 0.20%to the performance.

Overall, the performance of WLKP in the past 1 year is driven by Revenue Growth. Which is more sustainable.

4.56%

284.17M → 297.12M

Revenue Growth

-6.78%

30.98 → 28.88

Margin Expansion

0.20%

14.10 → 14.13

P/E Change

-2.02%