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 9,580 - -
Change - 5.33% 37.14% -17.72% -35.72% 1% - -
Enterprise Value (EV) 1 15,687 15,729 19,537 16,399 12,345 12,365 11,990 11,737
Change - 0.26% 24.21% -16.06% -24.72% 0.17% -3.03% -2.11%
P/E 6.23x 5.91x 37.8x 24.7x -6.32x 19.5x 18.6x 15.3x
PBR 1.56x 1.32x 1.76x 1.41x 1.08x 1.07x 1.06x 1.07x
PEG - 0.5x -0.5x 1x 0x -0x 3.74x 0.7x
Capitalization / Revenue 1.05x 0.83x 1.43x 1.22x 0.85x 0.8x 0.79x 0.75x
EV / Revenue 1.33x 1x 1.56x 1.35x 1.11x 1.03x 0.99x 0.92x
EV / EBITDA 4.25x 3.76x 7.47x 7.17x 10.8x 6.2x 6.04x 5.71x
EV / EBIT 5.6x 5.16x 26.8x 18.7x -7.82x 19.9x 16.2x 13.9x
EV / FCF 9.04x 6.88x 15x 53.6x -23.3x 29.2x 15.5x 18.5x
FCF Yield 11.1% 14.5% 6.66% 1.87% -4.29% 3.43% 6.47% 5.41%
Dividend per Share 2 1.135 1.309 1.714 2.05 2.11 2.19 2.248 2.318
Rate of return 1.17% 1.28% 1.22% 1.79% 2.85% 2.93% 3.01% 3.1%
EPS 2 15.58 17.34 3.7 4.64 -11.7 3.825 4.016 4.879
Distribution rate 7.28% 7.55% 46.3% 44.2% -18% 57.3% 56% 47.5%
Net sales 1 11,778 15,794 12,548 12,142 11,170 11,954 12,153 12,698
EBITDA 1 3,693 4,179 2,615 2,286 1,144 1,994 1,985 2,055
EBIT 1 2,800 3,050 729 875 -1,578 620.9 739.4 841.9
Net income 1 2,015 2,247 479 602 -1,508 438.1 444.6 452.5
Net Debt 1 3,272 2,651 1,602 1,643 2,860 2,785 2,411 2,157
Reference price 2 97.13 102.54 139.96 114.65 73.94 74.77 74.77 74.77
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.($)
19.55x1.03x6.2x2.93% 9.58B
28.97x4.44x14.33x1.95% 131B
20.74x5.37x30.61x3.07% 48.98B
55.04x1.32x8.2x6.15% 41.35B
11.89x1.16x6.58x2.53% 31.62B
9.51x2.79x6.91x4.68% 21.99B
25.3x - - 1.57% 21.79B
34.41x2.72x15.38x0.37% 20.18B
19.09x2.79x11.24x0.62% 18.04B
10.98x0.93x8.24x3.61% 18.34B
Average 23.55x 2.51x 11.97x 2.75% 36.27B
Weighted average by Cap. 26.59x 3.31x 14.07x 2.73%

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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