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 8,653 - -
Change - 5.33% 37.14% -17.72% -35.72% -8.77% - -
Enterprise Value (EV) 1 15,687 15,729 19,537 16,399 12,345 11,398 11,273 10,944
Change - 0.26% 24.21% -16.06% -24.72% -7.67% -1.1% -2.92%
P/E 6.23x 5.91x 37.8x 24.7x -6.32x 22.2x 19.5x 15.3x
PBR 1.56x 1.32x 1.76x 1.41x 1.08x 0.98x 0.98x 1x
PEG - 0.5x -0.5x 1x 0x -0x 1.4x 0.6x
Capitalization / Revenue 1.05x 0.83x 1.43x 1.22x 0.85x 0.74x 0.72x 0.69x
EV / Revenue 1.33x 1x 1.56x 1.35x 1.11x 0.97x 0.94x 0.87x
EV / EBITDA 4.25x 3.76x 7.47x 7.17x 10.8x 5.97x 5.89x 5.41x
EV / EBIT 5.6x 5.16x 26.8x 18.7x -7.82x 16.8x 15.2x 12.4x
EV / FCF 9.04x 6.88x 15x 53.6x -23.3x 23.9x 18.9x 20.3x
FCF Yield 11.1% 14.5% 6.66% 1.87% -4.29% 4.18% 5.3% 4.92%
Dividend per Share 2 1.135 1.309 1.714 2.05 2.11 2.207 2.242 2.317
Rate of return 1.17% 1.28% 1.22% 1.79% 2.85% 3.26% 3.31% 3.42%
EPS 2 15.58 17.34 3.7 4.64 -11.7 3.054 3.476 4.415
Distribution rate 7.28% 7.55% 46.3% 44.2% -18% 72.3% 64.5% 52.5%
Net sales 1 11,778 15,794 12,548 12,142 11,170 11,763 12,020 12,515
EBITDA 1 3,693 4,179 2,615 2,286 1,144 1,911 1,915 2,023
EBIT 1 2,800 3,050 729 875 -1,578 677.2 739.6 880.6
Net income 1 2,015 2,247 479 602 -1,508 401.4 426.8 481.6
Net Debt 1 3,272 2,651 1,602 1,643 2,860 2,745 2,620 2,291
Reference price 2 97.13 102.54 139.96 114.65 73.94 67.71 67.71 67.71
Nbr of stocks (in thousands) 127,822 127,538 128,141 128,706 128,273 127,797 - -
Announcement Date 22/02/22 21/02/23 20/02/24 24/02/25 24/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.17x0.97x5.97x3.26% 8.65B
27.07x4.2x13.51x2.14% 121B
17.47x5.62x27.94x3.94% 59.4B
63.38x1.3x8.56x6.09% 38.07B
11.07x1.18x6.38x2.99% 32.39B
9.23x3.01x7.07x4.7% 24.19B
8x0.82x5.06x4.75% 18.78B
15.89x0.77x5.73x1.94% 18.69B
70.18x12.69x46.14x0.07% 18.64B
25.75x2.66x12.6x0.43% 18.03B
Average 27.02x 3.32x 13.90x 3.03% 35.83B
Weighted average by Cap. 27.16x 3.70x 14.92x 3.07%

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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