Westlake Chemical Corporation (NYSE: WLK) is one of 39 publicly-traded companies in the “Commodity Chemicals” industry, but how does it weigh in compared to its competitors? We will compare Westlake Chemical Corporation to similar companies based on the strength of its analyst recommendations, valuation, dividends, risk, institutional ownership, profitability and earnings.
Earnings and Valuation
This table compares Westlake Chemical Corporation and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Westlake Chemical Corporation||$5.08 billion||$398.85 million||20.22|
|Westlake Chemical Corporation Competitors||$4.05 billion||$360.96 million||116.23|
Westlake Chemical Corporation has higher revenue and earnings than its competitors. Westlake Chemical Corporation is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Volatility and Risk
Westlake Chemical Corporation has a beta of 1.67, suggesting that its share price is 67% more volatile than the S&P 500. Comparatively, Westlake Chemical Corporation’s competitors have a beta of 1.12, suggesting that their average share price is 12% more volatile than the S&P 500.
This is a summary of current ratings and target prices for Westlake Chemical Corporation and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Westlake Chemical Corporation||0||2||10||0||2.83|
|Westlake Chemical Corporation Competitors||114||920||1361||40||2.54|
Westlake Chemical Corporation currently has a consensus price target of $96.00, suggesting a potential upside of 3.24%. As a group, “Commodity Chemicals” companies have a potential upside of 2.58%. Given Westlake Chemical Corporation’s stronger consensus rating and higher probable upside, equities research analysts clearly believe Westlake Chemical Corporation is more favorable than its competitors.
Institutional & Insider Ownership
32.0% of Westlake Chemical Corporation shares are owned by institutional investors. Comparatively, 71.3% of shares of all “Commodity Chemicals” companies are owned by institutional investors. 71.7% of Westlake Chemical Corporation shares are owned by company insiders. Comparatively, 7.6% of shares of all “Commodity Chemicals” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
This table compares Westlake Chemical Corporation and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Westlake Chemical Corporation||7.74%||15.59%||5.95%|
|Westlake Chemical Corporation Competitors||-23.40%||22.70%||6.01%|
Westlake Chemical Corporation pays an annual dividend of $0.84 per share and has a dividend yield of 0.9%. Westlake Chemical Corporation pays out 18.3% of its earnings in the form of a dividend. As a group, “Commodity Chemicals” companies pay a dividend yield of 1.8% and pay out 46.5% of their earnings in the form of a dividend. Westlake Chemical Corporation has increased its dividend for 13 consecutive years.
Westlake Chemical Corporation beats its competitors on 9 of the 15 factors compared.
About Westlake Chemical Corporation
Westlake Chemical Corporation is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods. Its segments include Olefins and Vinyls. It manufactures ethylene (through Westlake Chemical OpCo LP (OpCo)), polyethylene, styrene and associated co-products at its manufacturing facility in Lake Charles and polyethylene at its Longview facility. The Company’s products in its Vinyls segment include polyvinyl chloride (PVC), vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlor-alkali (chlorine and caustic soda) and chlorinated derivative products and, through OpCo, ethylene. It also manufactures and sells building products fabricated from PVC.
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