Westlake Chemical Partners Stock Price To Earning
| WLKP Stock | USD 23.37 0.30 1.30% |
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 |
Westlake Chemical Partners Company Price To Earning Analysis
Westlake Chemical's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Westlake Chemical Price To Earning | 12.06 X |
Most of Westlake Chemical's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Westlake Chemical Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Westlake Chemical Partners has a Price To Earning of 12.06 times. This is 88.49% lower than that of the Chemicals sector and 31.16% lower than that of the Materials industry. The price to earning for all United States stocks is 58.01% higher than that of the company.
Westlake Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westlake Chemical's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Westlake Chemical could also be used in its relative valuation, which is a method of valuing Westlake Chemical by comparing valuation metrics of similar companies.Westlake Chemical is currently under evaluation in price to earning category among its peers.
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 Fundamentals
| Return On Equity | 0.43 | ||||
| Return On Asset | 0.18 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | 1.16 B | ||||
| Shares Outstanding | 35.24 M | ||||
| Shares Owned By Insiders | 44.83 % | ||||
| Shares Owned By Institutions | 33.75 % | ||||
| Number Of Shares Shorted | 134.49 K | ||||
| Price To Earning | 12.06 X | ||||
| Price To Book | 2.97 X | ||||
| Price To Sales | 0.72 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 | 6.95 X | ||||
| Earnings Per Share | 1.75 X | ||||
| Price To Earnings To Growth | 0.23 X | ||||
| Target Price | 25.33 | ||||
| Number Of Employees | 17 | ||||
| Beta | 1.07 | ||||
| Market Capitalization | 823.53 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 together with Westlake Stock
Moving against Westlake Stock
| 0.73 | BAK | Braskem SA Class | PairCorr |
| 0.72 | PFH | Prudential Financial 4125 | PairCorr |
| 0.68 | PKX | POSCO Holdings | PairCorr |
| 0.62 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.58 | NEM | Newmont Goldcorp Corp Aggressive Push | 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.