ScoreWhy is Westlake Chemical Partners LP ?
1
High Management Efficiency with a high ROCE of 41.50%
2
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.74 times
3
Poor long term growth as Operating profit has grown by an annual rate -1.43% of over the last 5 years
4
The company declared very negative results in Mar'25 after flat results in Dec'24
- OPERATING CASH FLOW(Y) Lowest at USD 313.39 MM
- NET PROFIT(HY) At USD 19.51 MM has Grown at -33.34%
- RAW MATERIAL COST(Y) Grown by 8.06% (YoY)
5
With ROCE of 39.90%, it has a very attractive valuation with a 1.32 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -20.40%, its profits have fallen by -3.3%
6
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -20.40% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Westlake Chemical Partners LP should be less than 10%
- Overall Portfolio exposure to Specialty Chemicals should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Specialty Chemicals)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Westlake Chemical Partners LP for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Westlake Chemical Partners LP
-20.46%
-0.94
17.19%
S&P 500
13.22%
0.64
20.20%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
1.73%
EBIT Growth (5y)
-1.43%
EBIT to Interest (avg)
25.44
Debt to EBITDA (avg)
0.74
Net Debt to Equity (avg)
0.69
Sales to Capital Employed (avg)
1.32
Tax Ratio
0.23%
Dividend Payout Ratio
106.48%
Pledged Shares
0
Institutional Holding
31.69%
ROCE (avg)
41.50%
ROE (avg)
66.20%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
2
Industry P/E
Price to Book Value
1.54
EV to EBIT
3.31
EV to EBITDA
2.50
EV to Capital Employed
1.32
EV to Sales
1.04
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
39.90%
ROE (Latest)
63.47%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend4What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 2,094.4
DEBTORS TURNOVER RATIO(HY)
Highest at 7.95 times
NET SALES(Q)
Highest at USD 297.12 MM
-7What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at USD 313.39 MM
NET PROFIT(HY)
At USD 19.51 MM has Grown at -33.34%
RAW MATERIAL COST(Y)
Grown by 8.06% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at 71.9 %
Here's what is working for Westlake Chemical Partners LP
Interest Coverage Ratio
Highest at 2,094.4
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Net Sales
Highest at USD 297.12 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Debtors Turnover Ratio
Highest at 7.95 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Depreciation
Highest at USD 32.48 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for Westlake Chemical Partners LP
Operating Cash Flow
Lowest at USD 313.39 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Net Profit
At USD 19.51 MM has Grown at -33.34%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (USD MM)
Debt-Equity Ratio
Highest at 71.9 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Raw Material Cost
Grown by 8.06% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
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