Enterprise Value is a firm valuation proxy that approximates current market value of a company. It is typically used to determine takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that company has on its balance sheet. When takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Westlake Current Valuation Assessment
In accordance with recently published financial statements Westlake Chemical Corp has Current Valuation of 6.07 B. This is 91.27% lower than that of Basic Materials sector, and 59.1% lower than that of Specialty Chemicals industry, The Current Valuation for all stocks is 79.88% higher than the company.
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Westlake Chemical Corp is rated below average in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Specialty Chemicals industry is at this time estimated at about 128.98 Billion. Westlake holds roughly 6.07 Billion in current valuation claiming about 5% of equities listed under Specialty Chemicals industry.
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