Westlake Chemical Stock Beta

WLK Stock

USD 149.90 0.00 0.00%

Westlake Chemical fundamentals help investors to digest information that contributes to Westlake Chemical's financial success or failures. It also enables traders to predict the movement of Westlake Stock. The fundamental analysis module provides a way to measure Westlake Chemical's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Westlake Chemical stock.

Total Stockholder Equity Total Assets

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Westlake Chemical Company Beta Analysis

Westlake Chemical's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Westlake Chemical Beta

1.31

Most of Westlake Chemical's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Westlake Chemical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Westlake Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Westlake Chemical is extremely important. It helps to project a fair market value of Westlake Stock properly, considering its historical fundamentals such as Beta. Since Westlake Chemical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Westlake Chemical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Westlake Chemical's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Current Assets	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Total Liab	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Good Will	Net Tangible Assets	Short Term Investments	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Treasury Stock	Short Long Term Debt	Current Deferred Revenue	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.69	0.96	0.98	0.8	0.97	0.98	0.99	-0.46	0.35	0.98	0.97	0.99	0.84	0.82	0.98	0.89	0.88	0.9	-0.91	-0.68	0.1	0.86	0.82	0.83	-0.57
Total Stockholder Equity	0.98		0.56	0.98	1.0	0.84	0.91	0.96	0.94	-0.41	0.32	0.95	0.94	0.96	0.86	0.86	0.94	0.9	0.81	0.89	-0.86	-0.61	0.04	0.86	0.86	0.86	-0.63
Net Debt	0.69	0.56		0.49	0.57	0.22	0.83	0.73	0.77	-0.52	0.37	0.73	0.72	0.71	0.53	0.47	0.74	0.54	0.87	0.59	-0.8	-0.79	0.46	0.53	0.38	0.38	0.05
Total Current Assets	0.96	0.98	0.49		0.97	0.87	0.88	0.94	0.92	-0.26	0.31	0.9	0.93	0.94	0.81	0.77	0.91	0.88	0.76	0.83	-0.79	-0.48	0.0	0.88	0.88	0.88	-0.67
Retained Earnings	0.98	1.0	0.57	0.97		0.83	0.91	0.96	0.95	-0.44	0.33	0.95	0.94	0.96	0.87	0.87	0.94	0.9	0.82	0.89	-0.88	-0.62	0.05	0.86	0.85	0.86	-0.62
Accounts Payable	0.8	0.84	0.22	0.87	0.83		0.7	0.71	0.76	-0.22	0.19	0.79	0.75	0.77	0.64	0.65	0.81	0.81	0.58	0.68	-0.57	-0.35	-0.44	0.7	0.75	0.74	-0.91
Long Term Debt	0.97	0.91	0.83	0.88	0.91	0.7		0.96	0.99	-0.51	0.33	0.96	0.97	0.98	0.77	0.75	0.99	0.82	0.93	0.87	-0.91	-0.75	0.21	0.81	0.75	0.75	-0.45
Net Receivables	0.98	0.96	0.73	0.94	0.96	0.71	0.96		0.97	-0.43	0.34	0.94	0.98	0.98	0.82	0.8	0.95	0.84	0.88	0.87	-0.89	-0.67	0.26	0.86	0.83	0.83	-0.46
Total Liab	0.99	0.94	0.77	0.92	0.95	0.76	0.99	0.97		-0.48	0.35	0.98	0.97	0.99	0.79	0.77	0.99	0.86	0.91	0.87	-0.91	-0.71	0.14	0.84	0.78	0.78	-0.52
Short Term Debt	-0.46	-0.41	-0.52	-0.26	-0.44	-0.22	-0.51	-0.43	-0.48		-0.19	-0.51	-0.44	-0.48	-0.46	-0.62	-0.49	-0.37	-0.54	-0.5	0.64	0.74	-0.23	-0.26	-0.27	-0.32	0.13
Common Stock	0.35	0.32	0.37	0.31	0.33	0.19	0.33	0.34	0.35	-0.19		0.42	0.31	0.26	0.4	0.19	0.3	0.52	0.49	0.14	-0.54	-0.32	0.0	0.17	0.14	0.15	-0.04
Property Plant Equipment	0.98	0.95	0.73	0.9	0.95	0.79	0.96	0.94	0.98	-0.51	0.42		0.93	0.95	0.81	0.8	0.97	0.89	0.9	0.85	-0.94	-0.75	0.02	0.79	0.71	0.73	-0.57
Intangible Assets	0.97	0.94	0.72	0.93	0.94	0.75	0.97	0.98	0.97	-0.44	0.31	0.93		0.99	0.78	0.74	0.97	0.84	0.88	0.83	-0.86	-0.61	0.18	0.87	0.85	0.84	-0.5
Good Will	0.99	0.96	0.71	0.94	0.96	0.77	0.98	0.98	0.99	-0.48	0.26	0.95	0.99		0.81	0.79	0.98	0.85	0.88	0.88	-0.87	-0.66	0.16	0.88	0.85	0.85	-0.53
Net Tangible Assets	0.84	0.86	0.53	0.81	0.87	0.64	0.77	0.82	0.79	-0.46	0.4	0.81	0.78	0.81		0.81	0.77	0.92	0.83	0.81	-0.82	-0.61	0.16	0.87	0.82	0.87	-0.32
Short Term Investments	0.82	0.86	0.47	0.77	0.87	0.65	0.75	0.8	0.77	-0.62	0.19	0.8	0.74	0.79	0.81		0.76	0.75	0.66	0.87	-0.81	-0.74	0.12	0.66	0.67	0.7	-0.48
Long Term Debt Total	0.98	0.94	0.74	0.91	0.94	0.81	0.99	0.95	0.99	-0.49	0.3	0.97	0.97	0.98	0.77	0.76		0.85	0.9	0.87	-0.87	-0.7	0.06	0.83	0.79	0.79	-0.58
Capital Surpluse	0.89	0.9	0.54	0.88	0.9	0.81	0.82	0.84	0.86	-0.37	0.52	0.89	0.84	0.85	0.92	0.75	0.85		0.86	0.75	-0.84	-0.57	-0.09	0.85	0.8	0.82	-0.52
Deferred Long Term Liab	0.88	0.81	0.87	0.76	0.82	0.58	0.93	0.88	0.91	-0.54	0.49	0.9	0.88	0.88	0.83	0.66	0.9	0.86		0.75	-0.9	-0.78	0.24	0.79	0.71	0.73	-0.24
Long Term Investments	0.9	0.89	0.59	0.83	0.89	0.68	0.87	0.87	0.87	-0.5	0.14	0.85	0.83	0.88	0.81	0.87	0.87	0.75	0.75		-0.79	-0.69	0.2	0.78	0.78	0.77	-0.49
Treasury Stock	-0.91	-0.86	-0.8	-0.79	-0.88	-0.57	-0.91	-0.89	-0.91	0.64	-0.54	-0.94	-0.86	-0.87	-0.82	-0.81	-0.87	-0.84	-0.9	-0.79		0.81	-0.23	-0.71	-0.61	-0.64	0.32
Short Long Term Debt	-0.68	-0.61	-0.79	-0.48	-0.62	-0.35	-0.75	-0.67	-0.71	0.74	-0.32	-0.75	-0.61	-0.66	-0.61	-0.74	-0.7	-0.57	-0.78	-0.69	0.81		-0.24	-0.4	-0.33	-0.38	0.15
Current Deferred Revenue	0.1	0.04	0.46	0.0	0.05	-0.44	0.21	0.26	0.14	-0.23	0.0	0.02	0.18	0.16	0.16	0.12	0.06	-0.09	0.24	0.2	-0.23	-0.24		0.18	0.11	0.14	0.61
Cash And Equivalents	0.86	0.86	0.53	0.88	0.86	0.7	0.81	0.86	0.84	-0.26	0.17	0.79	0.87	0.88	0.87	0.66	0.83	0.85	0.79	0.78	-0.71	-0.4	0.18		0.9	0.92	-0.39
Net Invested Capital	0.82	0.86	0.38	0.88	0.85	0.75	0.75	0.83	0.78	-0.27	0.14	0.71	0.85	0.85	0.82	0.67	0.79	0.8	0.71	0.78	-0.61	-0.33	0.11	0.9		0.99	-0.5
Net Working Capital	0.83	0.86	0.38	0.88	0.86	0.74	0.75	0.83	0.78	-0.32	0.15	0.73	0.84	0.85	0.87	0.7	0.79	0.82	0.73	0.77	-0.64	-0.38	0.14	0.92	0.99		-0.48
Capital Stock	-0.57	-0.63	0.05	-0.67	-0.62	-0.91	-0.45	-0.46	-0.52	0.13	-0.04	-0.57	-0.5	-0.53	-0.32	-0.48	-0.58	-0.52	-0.24	-0.49	0.32	0.15	0.61	-0.39	-0.5	-0.48

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Westlake Chemical

In accordance with the recently published financial statements, Westlake Chemical has a Beta of 1.309. This is 50.46% higher than that of the Chemicals sector and 19.0% higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.

Westlake Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westlake Chemical's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Westlake Chemical could also be used in its relative valuation, which is a method of valuing Westlake Chemical by comparing valuation metrics of similar companies.

Westlake Chemical is currently under evaluation in beta category among related companies.

Westlake Chemical Current Valuation Drivers

We derive many important indicators used in calculating different scores of Westlake Chemical from analyzing Westlake Chemical's financial statements. These drivers represent accounts that assess Westlake Chemical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Westlake Chemical's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	9.0B	10.4B	12.4B	13.1B	17.9B	18.8B
Enterprise Value	11.7B	12.7B	15.7B	15.8B	19.5B	20.5B

Westlake Chemical ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Westlake Chemical's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Westlake Chemical's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Westlake Chemical Institutional Holders

Institutional Holdings refers to the ownership stake in Westlake Chemical that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Westlake Chemical's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Westlake Chemical's value.

		Shares
Goldman Sachs Group Inc	2023-09-30	705.5 K
Mirae Asset Global Investments (korea) Co Ltd	2023-09-30	682.8 K
Nuveen Asset Management, Llc	2023-09-30	518.7 K
Geode Capital Management, Llc	2023-09-30	474.1 K
First Trust Advisors L.p.	2023-12-31	411.8 K
Samlyn Capital, Llc	2023-12-31	393.3 K
Bank Of New York Mellon Corp	2023-09-30	375.3 K
Norges Bank	2023-12-31	364.1 K
Charles Schwab Investment Management Inc	2023-09-30	344.6 K
Fmr Inc	2023-09-30	4.6 M
Blackrock Inc	2023-09-30	3.5 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Westlake Chemical will likely underperform.

Westlake Fundamentals

	Return On Equity	0.0492
	Return On Asset	0.037
	Profit Margin	0.04 %
	Operating Margin	(0.02) %
	Current Valuation	22.05 B
	Shares Outstanding	128.51 M
	Shares Owned By Insiders	73.46 %
	Shares Owned By Institutions	28.44 %
	Number Of Shares Shorted	1.51 M
	Price To Earning	4.53 X
	Price To Book	1.93 X
	Price To Sales	1.57 X
	Revenue	12.55 B
	Gross Profit	4.07 B
	EBITDA	2.33 B
	Net Income	479 M
	Cash And Equivalents	2.23 B
	Cash Per Share	13.94 X
	Total Debt	4.91 B
	Debt To Equity	0.52 %
	Current Ratio	2.48 X
	Book Value Per Share	79.88 X
	Cash Flow From Operations	2.34 B
	Short Ratio	3.91 X
	Earnings Per Share	3.70 X
	Price To Earnings To Growth	1.59 X
	Target Price	153.39
	Number Of Employees	15.52 K
	Beta	1.31
	Market Capitalization	19.19 B
	Total Asset	21.04 B
	Retained Earnings	10.14 B
	Working Capital	3.82 B
	Current Asset	2.18 B
	Current Liabilities	522.64 M
	Annual Yield	0.01 %
	Five Year Return	1.32 %
	Net Asset	21.04 B
	Last Dividend Paid	1.71

About Westlake Chemical Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Westlake Chemical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westlake Chemical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westlake Chemical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Westlake Chemical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Westlake Chemical's short interest history, or implied volatility extrapolated from Westlake Chemical options trading.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

S	SentinelOne
GM	General Motors
V	Visa Class A

When determining whether Westlake Chemical is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Westlake Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Westlake Chemical Stock. Highlighted below are key reports to facilitate an investment decision about Westlake Chemical Stock:

How To Invest In Westlake

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Is Westlake Stock a good investment?

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What is Westlake Chemical's Net Worth?

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Largest Specialty Chemicals Companies

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Largest Basic Materials Companies

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Check out Westlake Chemical Piotroski F Score and Westlake Chemical Altman Z Score analysis.

For more information on how to buy Westlake Stock please use our How to buy in Westlake Stock guide.

You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Westlake Stock analysis

When running Westlake Chemical's price analysis, check to measure Westlake Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.

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Is Westlake Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Westlake Chemical. If investors know Westlake will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Westlake Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.29)

Dividend Share

1.714

Earnings Share

3.7

Revenue Per Share

98.18

Quarterly Revenue Growth

(0.14)

The market value of Westlake Chemical is measured differently than its book value, which is the value of Westlake that is recorded on the company's balance sheet. Investors also form their own opinion of Westlake Chemical's value that differs from its market value or its book value, called intrinsic value, which is Westlake Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Westlake Chemical's market value can be influenced by many factors that don't directly affect Westlake Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Westlake Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westlake Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westlake Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Westlake Chemical Stock Beta

Westlake Chemical Company Beta Analysis

Beta

Covariance

Variance

Current Westlake Chemical Beta

Westlake Beta Driver Correlations

Westlake Beta Peer Comparison

Westlake Chemical Current Valuation Drivers

Westlake Chemical ESG Sustainability

Westlake Chemical Institutional Holders

Westlake Fundamentals

About Westlake Chemical Fundamental Analysis

Also Currently Popular

Complementary Tools for Westlake Stock analysis

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