Company Valuation: Westlake Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 12,415 13,078 17,935 14,756 9,485 9,458 - -
Change - 5.33% 37.14% -17.72% -35.72% -0.28% - -
Enterprise Value (EV) 1 15,687 15,729 19,537 16,399 12,345 12,176 11,984 11,817
Change - 0.26% 24.21% -16.06% -24.72% -1.37% -1.57% -1.39%
P/E 6.23x 5.91x 37.8x 24.7x -6.32x 20.3x 19.3x 15.1x
PBR 1.56x 1.32x 1.76x 1.41x 1.08x 1.07x 1.08x 1.1x
PEG - 0.5x -0.5x 1x 0x -0x 3.78x 0.5x
Capitalization / Revenue 1.05x 0.83x 1.43x 1.22x 0.85x 0.8x 0.78x 0.74x
EV / Revenue 1.33x 1x 1.56x 1.35x 1.11x 1.03x 0.99x 0.93x
EV / EBITDA 4.25x 3.76x 7.47x 7.17x 10.8x 6.28x 6.17x 5.77x
EV / EBIT 5.6x 5.16x 26.8x 18.7x -7.82x 21.7x 16.3x 14.2x
EV / FCF 9.04x 6.88x 15x 53.6x -23.3x 28.9x 17.1x 19x
FCF Yield 11.1% 14.5% 6.66% 1.87% -4.29% 3.45% 5.85% 5.25%
Dividend per Share 2 1.135 1.309 1.714 2.05 2.11 2.183 2.248 2.318
Rate of return 1.17% 1.28% 1.22% 1.79% 2.85% 2.96% 3.04% 3.14%
EPS 2 15.58 17.34 3.7 4.64 -11.7 3.635 3.821 4.879
Distribution rate 7.28% 7.55% 46.3% 44.2% -18% 60% 58.8% 47.5%
Net sales 1 11,778 15,794 12,548 12,142 11,170 11,834 12,141 12,722
EBITDA 1 3,693 4,179 2,615 2,286 1,144 1,940 1,942 2,049
EBIT 1 2,800 3,050 729 875 -1,578 561.3 737 834.8
Net income 1 2,015 2,247 479 602 -1,508 421.9 427.9 452.5
Net Debt 1 3,272 2,651 1,602 1,643 2,860 2,717 2,526 2,359
Reference price 2 97.13 102.54 139.96 114.65 73.94 73.82 73.82 73.82
Nbr of stocks (in thousands) 127,822 127,538 128,141 128,706 128,273 128,123 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/24/25 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.31x1.03x6.28x2.96% 9.46B
28.36x4.36x14.06x2.03% 128B
16.18x4.8x33.14x2.44% 43.52B
52.89x1.41x8.94x5.94% 42.27B
12.51x1.21x6.89x2.44% 34.1B
10.57x3.11x7.7x4.18% 25.11B
6.49x0.85x5.63x4.57% 19.47B
15.92x - - - 17.9B
68.73x12.22x45.27x0.08% 17.38B
27.19x2.36x13.38x0.45% 16.62B
Average 25.91x 3.48x 15.70x 2.79% 35.34B
Weighted average by Cap. 26.88x 3.64x 15.56x 2.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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