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Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Italy, Taiwan, and internationally. The Performance and Essential Materials segment offers polyethylene, styrene monomer, ethylene co-products, polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride chlor-alkali, chlorinated derivative products, and epoxy resins. The Housing and Infrastructure Products segment provides residential PVC siding; PVC trim and mouldings; architectural stone veneer; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. The company offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Westlake Chemical Corporation is a vertically integrated chemicals maker of PVC, vinyls and other petrochemical and building-material products for industrial and construction markets. Long-term growth could be supported by construction and infrastructure demand, geographic expansion, operational scale and advantaged U.S. feedstock economics that may support margins.
Key risks are cyclical commodity and feedstock price volatility, capital intensity and project execution, and regulatory and environmental exposure investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 2946.00M | 2677.00M | 331.00M | 570.00M | 1334.00M |
| Minority interest | 50.00M | 55.00M | 43.00M | 41.00M | 38.00M |
| Net income | 2247.00M | 2015.00M | 330.00M | 421.00M | 996.00M |
| Selling general administrative | 835.00M | 551.00M | 449.00M | 458.00M | 445.00M |
| Gross profit | 4073.00M | 3495.00M | 1023.00M | 1260.00M | 1987.00M |
| Reconciled depreciation | 1056.00M | 840.00M | 773.00M | 713.00M | 641.00M |
| Ebit | 3050.00M | 2800.00M | 429.00M | 656.00M | 1493.00M |
| Ebitda | 4212.00M | 3714.00M | 1282.00M | 1444.00M | 2134.00M |
| Depreciation and amortization | 1162.00M | 914.00M | 853.00M | 788.00M | 641.00M |
| Non operating income net other | 73.00M | 53.00M | 44.00M | 38.00M | 52.00M |
| Operating income | 3050.00M | 2800.00M | 429.00M | 656.00M | 1408.00M |
| Other operating expenses | 12711.00M | 8957.00M | 7039.00M | 7425.00M | 7194.00M |
| Interest expense | 177.00M | 176.00M | 142.00M | 124.00M | 126.00M |
| Tax provision | 649.00M | 607.00M | -42.00M | 108.00M | 300.00M |
| Interest income | 153.00M | 176.00M | 142.00M | 124.00M | 126.00M |
| Net interest income | -177.00M | -176.00M | -142.00M | -124.00M | -126.00M |
| Non recurring | - | - | - | 37.00M | 33.00M |
| Income tax expense | 649.00M | 607.00M | -42.00M | 108.00M | 300.00M |
| Total revenue | 15794.00M | 11778.00M | 7504.00M | 8118.00M | 8635.00M |
| Total operating expenses | 990.00M | 674.00M | 558.00M | 567.00M | 546.00M |
| Cost of revenue | 11721.00M | 8283.00M | 6481.00M | 6858.00M | 6648.00M |
| Total other income expense net | -104.00M | -123.00M | -98.00M | -86.00M | 19.00M |
| Net income from continuing ops | 2297.00M | 2070.00M | 373.00M | 462.00M | 1034.00M |
| Net income applicable to common shares | 2247.00M | 2015.00M | 330.00M | 421.00M | 996.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 20550.00M | 18459.00M | 13835.00M | 13261.00M | 11602.00M |
| Intangible assets | 1565.00M | 1580.00M | 612.00M | 710.00M | 659.00M |
| Other current assets | 78.00M | 80.00M | 32.00M | 42.00M | 38.00M |
| Total liab | 10085.00M | 9931.00M | 7257.00M | 6858.00M | 5526.00M |
| Total stockholder equity | 9931.00M | 7955.00M | 6043.00M | 5860.00M | 5590.00M |
| Deferred long term liab | 1735.00M | 1681.00M | 1368.00M | 1255.00M | 1159.00M |
| Other current liab | -307.00M | 1211.00M | 821.00M | 768.00M | 676.00M |
| Common stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Capital stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Retained earnings | 9885.00M | 7808.00M | 5938.00M | 5757.00M | 5477.00M |
| Other liab | 2404.00M | 2676.00M | 2334.00M | 1804.00M | 1675.00M |
| Good will | 2161.00M | 2024.00M | 1083.00M | 1074.00M | 1002.00M |
| Other assets | 569.00M | 5590.00M | 2187.00M | 268.00M | 251.00M |
| Cash | 2228.00M | 1908.00M | 1313.00M | 728.00M | 753.00M |
| Cash and equivalents | 2228.00M | 1908.00M | 1313.00M | 728.00M | 753.00M |
| Total current liabilities | 2298.00M | 2344.00M | 1357.00M | 1241.00M | 1183.00M |
| Current deferred revenue | 1735.00M | - | 1368.00M | - | - |
| Net debt | 2651.00M | 3272.00M | 2253.00M | 2717.00M | 1915.00M |
| Short term debt | 0.00M | 269.00M | 7.00M | 0.00M | 0.00M |
| Short long term debt | - | 269.00M | 7.00M | - | - |
| Short long term debt total | 4879.00M | 5180.00M | 3566.00M | 3445.00M | 2668.00M |
| Other stockholder equity | 134.00M | 182.00M | 168.00M | 176.00M | 174.00M |
| Property plant equipment | 8525.00M | 7606.00M | 6920.00M | 6912.00M | 6595.00M |
| Total current assets | 5973.00M | 5263.00M | 3477.00M | 2742.00M | 2842.00M |
| Long term investments | 1142.00M | 1007.00M | 1059.00M | 1112.00M | 253.00M |
| Net tangible assets | 6205.00M | 4351.00M | 4792.00M | 4076.00M | 3929.00M |
| Short term investments | - | - | 1059.00M | - | - |
| Net receivables | 1801.00M | 1868.00M | 1214.00M | 1036.00M | 1037.00M |
| Long term debt | 4879.00M | 4911.00M | 3566.00M | 3445.00M | 2668.00M |
| Inventory | 1866.00M | 1407.00M | 918.00M | 936.00M | 1014.00M |
| Accounts payable | 870.00M | 864.00M | 529.00M | 473.00M | 507.00M |
| Noncontrolling interest in consolidated entity | 534.00M | 573.00M | 535.00M | 543.00M | 486.00M |
| Accumulated other comprehensive income | -89.00M | -36.00M | -64.00M | -74.00M | -62.00M |
| Common stock total equity | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Retained earnings total equity | 9885.00M | 7808.00M | 5938.00M | 5757.00M | 5477.00M |
| Treasury stock | -467.00M | -399.00M | -401.00M | -377.00M | -382.00M |
| Non currrent assets other | -551.00M | 5590.00M | 3438.00M | 3607.00M | 2165.00M |
| Non current assets total | 14577.00M | 13196.00M | 10358.00M | 10519.00M | 8760.00M |
| Capital lease obligations | 504.00M | 461.00M | 376.00M | 355.00M | - |
| Long term debt total | 4879.00M | 4911.00M | 3566.00M | 3445.00M | 2668.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -2479.00M | -24.00M | 44.00M | -1954.00M | -754.00M |
| Change to liabilities | -16.00M | 481.00M | 113.00M | -102.00M | -108.00M |
| Total cashflows from investing activities | -2479.00M | -3213.00M | -509.00M | -1954.00M | -754.00M |
| Net borrowings | -250.00M | 1661.00M | 28.00M | 786.00M | -1165.00M |
| Total cash from financing activities | -587.00M | 1437.00M | -216.00M | 630.00M | -1427.00M |
| Change to operating activities | -56.00M | -614.00M | -78.00M | -85.00M | -93.00M |
| Net income | 2297.00M | 2070.00M | 373.00M | 462.00M | 1034.00M |
| Change in cash | 305.00M | 604.00M | 587.00M | -25.00M | -779.00M |
| Begin period cash flow | 1941.00M | 1337.00M | 750.00M | 775.00M | 1554.00M |
| End period cash flow | 2246.00M | 1941.00M | 1337.00M | 750.00M | 775.00M |
| Total cash from operating activities | 3395.00M | 2394.00M | 1297.00M | 1301.00M | 1409.00M |
| Issuance of capital stock | - | 0.00M | 0.00M | 63.00M | 0.00M |
| Depreciation | 1056.00M | 840.00M | 773.00M | 713.00M | 641.00M |
| Other cashflows from investing activities | -1371.00M | -2555.00M | -28.00M | -1167.00M | -52.00M |
| Dividends paid | 169.00M | 145.00M | 137.00M | 132.00M | 120.00M |
| Change to inventory | -140.00M | -309.00M | 29.00M | 112.00M | -123.00M |
| Change to account receivables | 325.00M | -528.00M | -161.00M | 59.00M | -58.00M |
| Sale purchase of stock | -101.00M | -30.00M | -54.00M | -30.00M | -106.00M |
| Other cashflows from financing activities | -67.00M | 1612.00M | -53.00M | 747.00M | -36.00M |
| Change to netincome | 66.00M | 98.00M | 229.00M | 129.00M | 108.00M |
| Capital expenditures | 1108.00M | 658.00M | 525.00M | 787.00M | 702.00M |
| Change receivables | 325.00M | -528.00M | -161.00M | 59.00M | -58.00M |
| Cash flows other operating | -193.00M | -258.00M | -59.00M | -72.00M | -85.00M |
| Cash and cash equivalents changes | 329.00M | 618.00M | 572.00M | -23.00M | -772.00M |
| Change in working capital | -24.00M | -614.00M | -78.00M | -3.00M | -374.00M |
| Stock based compensation | 36.00M | 31.00M | 29.00M | 25.00M | 22.00M |
| Other non cash items | 51.00M | 44.00M | 54.00M | 50.00M | 24.00M |
| Free cash flow | 2287.00M | 1736.00M | 772.00M | 514.00M | 707.00M |
Sector: Basic Materials Industry: Specialty Chemicals
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WLK Westlake Chemical Corporation |
2.27 3.44% |
68.28 | 15.24 | 14.06 | 1.38 | 1.67 | 1.56 | 7.23 |
| LIN Linde plc Ordinary Shares |
11.09 2.20% |
514.24 | 33.77 | 28.90 | 6.56 | 5.42 | 7.03 | 18.92 |
| AIQUY Air Liquide SA ADR |
0.74 1.87% |
40.34 | 30.69 | 24.81 | 4.70 | 4.10 | 4.36 | 15.61 |
| AIQUF L'Air Liquide S.A |
-0.00 0.00% |
196.29 | 29.78 | 22.68 | 4.54 | 3.98 | 4.50 | 15.90 |
| SHW Sherwin-Williams Co |
2.51 0.76% |
332.61 | 33.33 | 27.40 | 3.38 | 20.60 | 3.88 | 21.36 |
Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Italy, Taiwan, and internationally. The Performance and Essential Materials segment offers polyethylene, styrene monomer, ethylene co-products, polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride chlor-alkali, chlorinated derivative products, and epoxy resins. The Housing and Infrastructure Products segment provides residential PVC siding; PVC trim and mouldings; architectural stone veneer; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. The company offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.
2801 Post Oak Boulevard, Houston, TX, United States, 77056
713 960 9111
15920
| Name | Title | Year Born |
|---|---|---|
| Mr. James Y. Chao | Exec. Chairman | 1948 |
| Mr. Albert Yuan Chao | Pres, CEO & Director | 1950 |
| Mr. Mark Steven Bender CPA | Exec. VP & CFO | 1957 |
| Mr. Roger Lester Kearns | COO and Exec. VP of Performance & Essential Materials | 1963 |
| Mr. Robert F. Buesinger | Exec. VP of Housing, Infrastructure Products, IT & Digital | 1957 |
| Mr. Johnathan Stevan Zoeller | VP & Chief Accounting Officer | 1976 |
| Mr. L. Benjamin Ederington | Exec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. | 1971 |
| Lawrence Schubert | VP of Corp. Devel. & Sustainability | NA |
| Dr. Karl-Martin Schellerer | Managing Director of Vinnolit Bus. and VP | NA |
| Thomas J. Janssens | Sr. VP of Operations, PEM & Corp. Logistics | NA |
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