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 9,817 - -
Change - 5.33% 37.14% -17.72% -35.72% 3.5% - -
Enterprise Value (EV) 1 15,687 15,729 19,537 16,399 12,345 12,589 12,191 11,921
Change - 0.26% 24.21% -16.06% -24.72% 1.98% -3.16% -2.21%
P/E 6.23x 5.91x 37.8x 24.7x -6.32x 18.6x 19x 15.7x
PBR 1.56x 1.32x 1.76x 1.41x 1.08x 1.09x 1.08x 1.08x
PEG - 0.5x -0.5x 1x 0x -0x -7.69x 0.7x
Capitalization / Revenue 1.05x 0.83x 1.43x 1.22x 0.85x 0.82x 0.8x 0.77x
EV / Revenue 1.33x 1x 1.56x 1.35x 1.11x 1.05x 1x 0.94x
EV / EBITDA 4.25x 3.76x 7.47x 7.17x 10.8x 6.19x 6.08x 5.78x
EV / EBIT 5.6x 5.16x 26.8x 18.7x -7.82x 19.9x 16.5x 14.2x
EV / FCF 9.04x 6.88x 15x 53.6x -23.3x 29.7x 15.7x 18.8x
FCF Yield 11.1% 14.5% 6.66% 1.87% -4.29% 3.37% 6.36% 5.33%
Dividend per Share 2 1.135 1.309 1.714 2.05 2.11 2.17 2.248 2.318
Rate of return 1.17% 1.28% 1.22% 1.79% 2.85% 2.83% 2.93% 3.03%
EPS 2 15.58 17.34 3.7 4.64 -11.7 4.13 4.028 4.879
Distribution rate 7.28% 7.55% 46.3% 44.2% -18% 52.5% 55.8% 47.5%
Net sales 1 11,778 15,794 12,548 12,142 11,170 12,039 12,220 12,718
EBITDA 1 3,693 4,179 2,615 2,286 1,144 2,033 2,004 2,062
EBIT 1 2,800 3,050 729 875 -1,578 631.3 739.4 841.9
Net income 1 2,015 2,247 479 602 -1,508 496.9 456.7 465.7
Net Debt 1 3,272 2,651 1,602 1,643 2,860 2,772 2,374 2,104
Reference price 2 97.13 102.54 139.96 114.65 73.94 76.62 76.62 76.62
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.55x1.05x6.19x2.83% 9.82B
27.84x4.28x13.82x2.03% 125B
52.46x1.36x8.39x6% 42.42B
15.68x4.11x23.43x4.08% 36.82B
12.44x1.2x6.82x2.42% 33.04B
9.6x2.81x6.97x4.63% 22.17B
23.51x - - 1.69% 20.22B
33.32x2.64x14.97x0.38% 19.45B
11.44x0.95x8.43x3.46% 19.08B
5.55x0.78x4.83x4.96% 17.99B
Average 21.04x 2.13x 10.43x 3.25% 34.62B
Weighted average by Cap. 24.65x 2.89x 12.05x 3.08%

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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