Westlake Chemical Partners LP (WLKP)
ValueMarkers Composite Index
67% below intrinsic value ($68)
Westlake Chemical Partners LP (WLKP) — VMCI valuation read
WLKP screens at VMCI 66/100, a 16-point gap above the Basic Materials sector median (50). For a mid-cap Westlake Chemical Partners LP share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.
WLKP has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.
**Investor frame.** Value: WLKP trades at 20.0x earnings, 11% above the Basic Materials median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Basic Materials group. Quality: ROIC of 8.0% trails the Basic Materials median (10.0%) by 2.0pp, the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of -0.3x leaves covenant headroom, which sets the rate-cycle exposure for Westlake Chemical Partners LP.
WLKP fell 0.4% over the trailing 7 days, with a -14.2% read on a 30-day basis.
Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was incorporated in 2014 and is headquartered in Houston, Texas.
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