(WLK) Westlake Chemical - Overview

Sector: Basic Materials | Industry: Specialty Chemicals | Exchange: NYSE (USA) | Market Cap: 12.500m USD | Total Return: 13.8% in 12m

Polyethylene, PVC, Chlor-Alkali, Building Products, Epoxy Resins
Total Rating 13
Safety 18
Buy Signal -0.29
Specialty Chemicals
Industry Rotation: -2.8
Market Cap: 12.5B
Avg Turnover: 120M
Risk 3d forecast
Volatility49.0%
VaR 5th Pctl8.18%
VaR vs Median1.33%
Reward TTM
Sharpe Ratio0.35
Rel. Str. IBD56.9
Rel. Str. Peer Group13.9
Character TTM
Beta0.613
Beta Downside0.896
Hurst Exponent0.490
Drawdowns 3y
Max DD64.20%
CAGR/Max DD-0.11
CAGR/Mean DD-0.29
EPS (Earnings per Share) EPS (Earnings per Share) of WLK over the last years for every Quarter: "2021-03": 1.87, "2021-06": 4.04, "2021-09": 4.69, "2021-12": 4.98, "2022-03": 5.83, "2022-06": 6.65, "2022-09": 3.1, "2022-12": 1.79, "2023-03": 3.05, "2023-06": 2.31, "2023-09": 2.2, "2023-12": 0.72, "2024-03": 1.34, "2024-06": 2.4, "2024-09": 1.41, "2024-12": 0.41, "2025-03": -0.3117, "2025-06": -1.11, "2025-09": -0.29, "2025-12": -0.25, "2026-03": -0.77,
EPS CAGR: -52.68%
EPS Trend: -90.7%
Last SUE: -0.32
Qual. Beats: 0
Revenue Revenue of WLK over the last years for every Quarter: 2021-03: 2357, 2021-06: 2859, 2021-09: 3055, 2021-12: 3507, 2022-03: 4056, 2022-06: 4483, 2022-09: 3956, 2022-12: 3299, 2023-03: 3356, 2023-06: 3251, 2023-09: 3115, 2023-12: 2826, 2024-03: 2975, 2024-06: 3207, 2024-09: 3117, 2024-12: 2843, 2025-03: 2846, 2025-06: 2953, 2025-09: 2838, 2025-12: 2533, 2026-03: 2652,
Rev. CAGR: -13.06%
Rev. Trend: -85.6%
Last SUE: -1.92
Qual. Beats: -1

Warnings

Interest Coverage Ratio -9.0 is critical

Beneish M-Score 1.00 > -1.5 - likely earnings manipulation

Tailwinds

Confidence

Description: WLK Westlake Chemical

Westlake Corporation (WLK) is a Houston-based manufacturer specializing in performance materials and housing infrastructure products. The company operates globally, maintaining a significant presence in North America, Europe, and Asia through two primary business segments. Its portfolio includes essential chemical building blocks such as ethylene, polyethylene, and chlor-alkali derivatives, alongside finished goods for the construction and medical sectors.

The company utilizes a vertically integrated business model, producing raw materials like vinyl chloride monomer to supply its own downstream manufacturing of PVC pipes, siding, and decking. This integration is common in the commodity chemicals sector to mitigate price volatility in raw feedstock and capture higher margins across the value chain. Demand for Westlake’s products is heavily influenced by global construction cycles and industrial output trends.

Reviewing historical valuation multiples on ValueRay can provide further context on the companys market positioning.

Westlake serves a diverse client base ranging from municipal water authorities to automotive manufacturers. Since its rebranding from Westlake Chemical Corporation in 2022, the firm has emphasized its role in infrastructure and sustainable applications, including components for wind turbines and healthcare packaging.

Headlines to Watch Out For
  • Rising natural gas and ethane costs squeeze chemical production margins
  • Domestic housing starts and infrastructure spending drive PVC demand
  • Global chlor-alkali price fluctuations impact essential materials revenue
  • Regulatory shifts in plastic waste management increase compliance costs
  • Expansion in specialty epoxy resins diversifies industrial end-market exposure
Piotroski VR‑10 (Strict) 1.5
Net Income: -1.64b TTM > 0 and > 6% of Revenue
FCF/TA: -0.03 > 0.02 and ΔFCF/TA -2.98 > 1.0
NWC/Revenue: 29.24% < 20% (prev 31.10%; Δ -1.86% < -1%)
CFO/TA 0.02 > 3% & CFO 448.0m > Net Income -1.64b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 2.17 > 1.5 & < 3
Outstanding Shares: last quarter (128.0m) vs 12m ago -0.25% < -2%
Gross Margin: 1.27% > 18% (prev 0.14%; Δ 112.3% > 0.5%)
Asset Turnover: 54.31% > 50% (prev 58.00%; Δ -3.69% > 0%)
Interest Coverage Ratio: -8.96 > 6 (EBITDA TTM -357.0m / Interest Expense TTM 178.0m)
Altman Z'' 2.76
A: 0.16 (Total Current Assets 5.95b - Total Current Liabilities 2.74b) / Total Assets 19.71b
B: 0.43 (Retained Earnings 8.46b / Total Assets 19.71b)
C: -0.08 (EBIT TTM -1.59b / Avg Total Assets 20.21b)
D: 0.79 (Book Value of Equity 8.37b / Total Liabilities 10.66b)
Altman-Z'' Score: 2.76 = A
Beneish M 1.00
DSRI: 1.12 (Receivables 1.69b/1.66b, Revenue 10.98b/12.01b)
GMI: 11.33 (GM 1.27% / 14.34%)
AQI: 0.89 (AQ_t 0.22 / AQ_t-1 0.25)
SGI: 0.91 (Revenue 10.98b / 12.01b)
TATA: -0.11 (NI -1.64b - CFO 448.0m) / TA 19.71b)
Beneish M-Score: 6.19 (Cap -4..+1) = D
What is the price of WLK shares? As of May 19, 2026, the stock is trading at USD 88.59 with a total of 1,870,430 shares traded.
Over the past week, the price has changed by -5.60%, over one month by -21.33%, over three months by -8.98% and over the past year by +13.82%.
Is WLK a buy, sell or hold? Westlake Chemical has received a consensus analysts rating of 3.87. Therefore, it is recommended to buy WLK.
  • StrongBuy: 6
  • Buy: 1
  • Hold: 8
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the WLK price?
Analysts Target Price 116.4 31.4%
Westlake Chemical (WLK) - Fundamental Data Overview as of 13 May 2026
P/E Forward = 25.3165
P/S = 1.1388
P/B = 1.4068
P/EG = 1.6962
Revenue TTM = 10.98b USD
EBIT TTM = -1.59b USD
EBITDA TTM = -357.0m USD
Long Term Debt = 5.09b USD (from longTermDebt, last fiscal year)
Short Term Debt = 664.0m USD (from shortTermDebt, last quarter)
Debt = 6.41b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.14b USD (from netDebt column, last quarter)
Enterprise Value = 16.43b USD (12.50b + Debt 6.41b - CCE 2.48b)
Interest Coverage Ratio = -8.96 (Ebit TTM -1.59b / Interest Expense TTM 178.0m)
EV/FCF = -32.35x (Enterprise Value 16.43b / FCF TTM -508.0m)
FCF Yield = -3.09% (FCF TTM -508.0m / Enterprise Value 16.43b)
FCF Margin = -4.63% (FCF TTM -508.0m / Revenue TTM 10.98b)
Net Margin = -14.91% (Net Income TTM -1.64b / Revenue TTM 10.98b)
Gross Margin = 1.27% ((Revenue TTM 10.98b - Cost of Revenue TTM 10.84b) / Revenue TTM)
Gross Margin QoQ = 3.09% (prev -17.25%)
Tobins Q-Ratio = 0.83 (Enterprise Value 16.43b / Total Assets 19.71b)
Interest Expense / Debt = 0.87% (Interest Expense 56.0m / Debt 6.41b)
Taxrate = 21.0% (US default 21%)
NOPAT = -1.26b (EBIT -1.59b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.17 (Total Current Assets 5.95b / Total Current Liabilities 2.74b)
Debt / Equity = 0.75 (Debt 6.41b / totalStockholderEquity, last quarter 8.55b)
 Debt / EBITDA = -11.59 (negative EBITDA) (Net Debt 4.14b / EBITDA -357.0m)
 Debt / FCF = -8.15 (negative FCF - burning cash) (Net Debt 4.14b / FCF TTM -508.0m)
 Total Stockholder Equity = 9.26b (last 4 quarters mean from totalStockholderEquity)
RoA = -8.10% (Net Income -1.64b / Total Assets 19.71b)
RoE = -17.68% (Net Income TTM -1.64b / Total Stockholder Equity 9.26b)
RoCE = -11.12% (EBIT -1.59b / Capital Employed (Equity 9.26b + L.T.Debt 5.09b))
 RoIC = -8.71% (negative operating profit) (NOPAT -1.26b / Invested Capital 14.46b)
 WACC = 5.61% (E(12.50b)/V(18.91b) * Re(8.14%) + D(6.41b)/V(18.91b) * Rd(0.87%) * (1-Tc(0.21)))
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.78 | Cagr: -0.06%
 [DCF] Fair Price = unknown (Cash Flow -508.0m)
 EPS Correlation: -90.69 | EPS CAGR: -52.68% | SUE: -0.32 | # QB: 0
Revenue Correlation: -85.57 | Revenue CAGR: -13.06% | SUE: -1.92 | # QB: -1
EPS current Quarter (2026-06-30): EPS=1.95 | Chg30d=+67.89% | Revisions=+17% | Analysts=12
EPS next Quarter (2026-09-30): EPS=2.10 | Chg30d=+123.53% | Revisions=+60% | Analysts=12
EPS current Year (2026-12-31): EPS=3.92 | Chg30d=+77.10% | Revisions=+27% | GrowthEPS=+535.2% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=4.10 | Chg30d=+6.97% | Revisions=+7% | GrowthEPS=+4.7% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: +60%