# Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Chemicals. Price $21.88, market value $771 million.

## Valuation
- **P/E (trailing): 13.3×**. Westlake Chemical Partners LP Common Units representing limited partner interests trades at 13.3× trailing earnings. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 11.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 53.1%**. Free cash flow equals 53.1% of the market value. Above 5% is generally attractive.
- **Earnings yield: 7.5%**. The inverse of the P/E: 7.5% of the price is earned each year.

## Profitability
- **Gross margin: 31.2%**. Westlake Chemical Partners LP Common Units representing limited partner interests keeps 31.2% of revenue after the direct cost of what it sells.
- **Operating margin: 28.8%**. 28.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 4.2%**. 4.2% of each dollar of sales reaches the bottom line.
- **Return on assets: 4.6%**. Each dollar of assets produces 4.6% of profit.

## Growth
- **Revenue growth (1 yr): 2.7%** (3-yr 67.1%/yr, 5-yr 71.6%/yr). Revenue grew 2.7% over the last year, against 71.6% a year compounded over five years: growth is slowing.
- **Free-cash-flow growth (3 yr): -21.0%/yr**. Free cash flow has compounded at -21.0% a year over three years.

## Financial health
- **Current ratio: 2.80** (quick 2.80). Current assets cover the next year's liabilities 2.80 times.
- **Altman Z-score: 2.87**. A Z-score of 2.87 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 8.62%** ($1.89 per share, trailing). Westlake Chemical Partners LP Common Units representing limited partner interests yields 8.62%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 7.2%** (YTD 20.1%, 3-mo -5.4%). The shares are up 7.2% over twelve months including dividends.
- **From 52-week high: -8.4%** (23.3% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.26** (volatility 19%). Beta of 0.26 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WLKP · Page: https://foliofundamentals.com/stocks/wlkp

Not investment advice.