Westlake Chemical Partners Stock Filter Stocks by Fundamentals
| WLKP Stock | USD 22.95 0.18 0.78% |
Westlake Chemical Partners fundamentals help investors to digest information that contributes to Westlake Chemical's financial success or failures. It also enables traders to predict the movement of Westlake Stock. The fundamental analysis module provides a way to measure Westlake Chemical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Westlake Chemical stock.
Westlake | Shares Owned by Insiders |
Westlake Chemical Current Valuation Drivers
We derive many important indicators used in calculating different scores of Westlake Chemical from analyzing Westlake Chemical's financial statements. These drivers represent accounts that assess Westlake Chemical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Westlake Chemical's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 778.0M | 911.2M | 839.1M | 945.6M | 851.1M | 616.9M | |
| Enterprise Value | 1.2B | 1.3B | 1.2B | 1.3B | 1.2B | 907.2M |
Westlake Chemical ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Westlake Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Westlake Chemical's managers, analysts, and investors.Environmental | Governance | Social |
Westlake Chemical Institutional Holders
Institutional Holdings refers to the ownership stake in Westlake Chemical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Westlake Chemical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Westlake Chemical's value.| Shares | Jpmorgan Chase & Co | 2024-09-30 | 98.4 K | Scopus Asset Management, Llc | 2024-09-30 | 71 K | Natixis Sa | 2024-09-30 | 70 K | Glenmede Trust Co Na | 2024-09-30 | 55.5 K | Eagle Global Advisors, Llc | 2024-09-30 | 43.9 K | Pinnacle Holdings, Llc | 2024-09-30 | 40.3 K | Citadel Advisors Llc | 2024-09-30 | 35.9 K | International Assets Investment Management, Llc | 2024-09-30 | 32.8 K | Lpl Financial Corp | 2024-09-30 | 30.9 K | Amvescap Plc. | 2024-09-30 | 5.3 M | Pathway Financial Advisors, Llc | 2024-09-30 | 2.2 M |
Westlake Fundamentals
| Return On Equity | 0.43 | ||||
| Return On Asset | 0.18 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | 1.15 B | ||||
| Shares Outstanding | 35.24 M | ||||
| Shares Owned By Insiders | 44.83 % | ||||
| Shares Owned By Institutions | 33.76 % | ||||
| Number Of Shares Shorted | 130.35 K | ||||
| Price To Earning | 12.06 X | ||||
| Price To Book | 2.91 X | ||||
| Price To Sales | 0.71 X | ||||
| Revenue | 1.19 B | ||||
| Gross Profit | 377.37 M | ||||
| EBITDA | 472.14 M | ||||
| Net Income | 54.28 M | ||||
| Cash And Equivalents | 18.37 M | ||||
| Cash Per Share | 0.52 X | ||||
| Total Debt | 399.67 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 3.28 X | ||||
| Book Value Per Share | 14.77 X | ||||
| Cash Flow From Operations | 452 M | ||||
| Short Ratio | 2.98 X | ||||
| Earnings Per Share | 1.75 X | ||||
| Price To Earnings To Growth | 0.23 X | ||||
| Target Price | 25.33 | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 808.73 M | ||||
| Total Asset | 1.32 B | ||||
| Retained Earnings | 130.58 M | ||||
| Working Capital | 169.87 M | ||||
| Current Asset | 225.29 M | ||||
| Current Liabilities | 57.69 M | ||||
| Annual Yield | 0.08 % | ||||
| Five Year Return | 7.60 % | ||||
| Net Asset | 1.32 B | ||||
| Last Dividend Paid | 1.89 |
About Westlake Chemical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westlake Chemical Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westlake Chemical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westlake Chemical Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Westlake Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westlake Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westlake Chemical will appreciate offsetting losses from the drop in the long position's value.Moving against Westlake Stock
| 0.85 | ERO | Ero Copper Corp | PairCorr |
| 0.84 | CE | Celanese | PairCorr |
| 0.83 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.81 | SA | Seabridge Gold | PairCorr |
| 0.81 | BAK | Braskem SA Class | PairCorr |
The ability to find closely correlated positions to Westlake Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westlake Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westlake Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westlake Chemical Partners to buy it.
The correlation of Westlake Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westlake Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westlake Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westlake Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Westlake Stock Analysis
When running Westlake Chemical's price analysis, check to measure Westlake Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.