Westlake Chemical Partners LP

NYSE:WLKP Stock Report

Market Cap: US$785.3m

Westlake Chemical Partners Valuation

Is WLKP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WLKP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WLKP ($22.49) is trading below our estimate of fair value ($23.09)

Significantly Below Fair Value: WLKP is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for WLKP?

Other financial metrics that can be useful for relative valuation.

WLKP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does WLKP's PE Ratio compare to its peers?

The above table shows the PE ratio for WLKP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.6x
ASIX AdvanSix
96.9x117.6%US$818.5m
KOP Koppers Holdings
9.5x7.2%US$745.1m
OEC Orion
12.5x36.2%US$971.6m
SIRE Sisecam Resources
7.6xn/aUS$511.9m
WLKP Westlake Chemical Partners
14xn/aUS$785.3m

Price-To-Earnings vs Peers: WLKP is good value based on its Price-To-Earnings Ratio (14x) compared to the peer average (39.6x).


Price to Earnings Ratio vs Industry

How does WLKP's PE Ratio compare vs other companies in the US Chemicals Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a17.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: WLKP is good value based on its Price-To-Earnings Ratio (14x) compared to the US Chemicals industry average (25.6x).


Price to Earnings Ratio vs Fair Ratio

What is WLKP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WLKP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WLKP's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WLKP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.49
US$25.33
+12.6%
6.7%US$27.00US$23.00n/a3
Oct ’25US$22.40
US$25.33
+13.1%
6.7%US$27.00US$23.00n/a3
Sep ’25US$22.74
US$25.33
+11.4%
6.7%US$27.00US$23.00n/a3
Aug ’25US$22.95
US$25.33
+10.4%
6.7%US$27.00US$23.00n/a3
Jul ’25US$22.66
US$25.33
+11.8%
6.7%US$27.00US$23.00n/a3
Jun ’25US$23.37
US$25.33
+8.4%
6.7%US$27.00US$23.00n/a3
May ’25US$21.96
US$25.33
+15.4%
6.7%US$27.00US$23.00n/a3
Apr ’25US$22.23
US$25.33
+14.0%
6.7%US$27.00US$23.00n/a3
Mar ’25US$22.39
US$25.33
+13.1%
6.7%US$27.00US$23.00n/a3
Feb ’25US$23.41
US$24.50
+4.7%
8.4%US$27.00US$22.00n/a4
Jan ’25US$21.65
US$24.50
+13.2%
8.4%US$27.00US$22.00n/a4
Dec ’24US$22.66
US$24.50
+8.1%
8.4%US$27.00US$22.00n/a4
Nov ’24US$22.03
US$24.50
+11.2%
8.4%US$27.00US$22.00n/a4
Oct ’24US$21.75
US$24.50
+12.6%
8.4%US$27.00US$22.00US$22.404
Sep ’24US$22.63
US$24.50
+8.3%
8.4%US$27.00US$22.00US$22.744
Aug ’24US$22.84
US$25.00
+9.5%
6.3%US$27.00US$23.00US$22.954
Jul ’24US$21.69
US$25.00
+15.3%
6.3%US$27.00US$23.00US$22.664
Jun ’24US$22.19
US$25.00
+12.7%
6.3%US$27.00US$23.00US$23.374
May ’24US$22.05
US$26.75
+21.3%
13.3%US$32.00US$23.00US$21.964
Apr ’24US$22.01
US$26.75
+21.5%
13.3%US$32.00US$23.00US$22.234
Mar ’24US$22.77
US$26.20
+15.1%
12.9%US$32.00US$23.00US$22.395
Feb ’24US$24.85
US$26.40
+6.2%
13.3%US$32.00US$23.00US$23.415
Jan ’24US$23.50
US$26.40
+12.3%
13.3%US$32.00US$23.00US$21.655
Dec ’23US$23.20
US$26.80
+15.5%
11.9%US$32.00US$24.00US$22.665
Nov ’23US$23.64
US$27.60
+16.8%
10.9%US$32.00US$24.00US$22.035
Oct ’23US$21.50
US$27.80
+29.3%
10.0%US$32.00US$25.00US$21.755

Analyst Forecast: Target price is less than 20% higher than the current share price.


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