Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, plastics, and fabricated products. Westlake manufactures two primary petrochemicals within its olefins business segment - ethylene and styrene monomer. Westlake vinyl resin products are the key ingredients to making some of the world's most prevalent items, including residential siding, pipe and fittings for various water, sewer and industrial applications. In addition, the Company offers a series of medium to low molecular weight polyethylene or polypropylene polymers.

Type
Public
HQ
Houston, US
Founded
1986
Size (employees)
8,870 (est)
Westlake Chemical was founded in 1986 and is headquartered in Houston, US
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Westlake Chemical Office Locations

Westlake Chemical has an office in Houston
Houston, US (HQ)
2801 Post Oak Blvd
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Westlake Chemical Financials and Metrics

Westlake Chemical Financials

Westlake Chemical's revenue was reported to be $8.04 b in FY, 2017
USD

Revenue (FY, 2017)

8 b

Gross profit (FY, 2017)

1.8 b

Gross profit margin (FY, 2017), %

22%

Net income (FY, 2017)

1.3 b

EBIT (FY, 2017)

1.2 b

Market capitalization (20-Apr-2018)

14.2 b

Cash (31-Dec-2017)

1.5 b

EV

16.5 b
Westlake Chemical's current market capitalization is $14.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

322.4 m147.9 m108.4 m191.1 m8 b

Revenue growth, %

(54%)(27%)76%

Cost of goods sold

3.1 b3.3 b4.1 b6.3 b

Gross profit

(3 b)(3.2 b)(3.9 b)1.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

1 b1 b998.6 m1.3 b1.1 b1.2 b1.2 b975.2 m1.1 b1.3 b1.9 b2 b2.1 b

Cost of goods sold

699.7 m740.7 m692.6 m891.7 m819 m831.8 m876.8 m719.6 m844.7 m1.1 b1.6 b1.6 b1.6 b

Gross profit

304.5 m287 m306 m361.5 m284.5 m353.2 m311.3 m255.6 m241.4 m202.1 m367.1 m405.8 m498.1 m

Gross profit Margin, %

30%28%31%29%26%30%26%26%22%16%19%21%24%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

461.3 m880.6 m662.5 m459.5 m1.5 b

Accounts Receivable

428.5 m560.7 m508.5 m938.7 m1 b

Inventories

471.9 m525.8 m434.1 m801.1 m900 m

Current Assets

1.6 b2 b2.2 b2.4 b3.5 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

591.6 m532.6 m876.1 m813.5 m945.6 m1 b961.9 m615 m771 m380.5 m372.6 m395.8 m678.2 m

Accounts Receivable

433 m421.9 m454.3 m593 m527.1 m600.7 m521 m549 m582.9 m1.1 b1 b1.1 b1.1 b

Inventories

451.6 m439 m437.5 m500.6 m480.4 m486.3 m430 m478.7 m448.5 m744.5 m821.7 m831.7 m834.8 m

Current Assets

1.6 b1.7 b1.8 b2 b2 b2.2 b2.2 b2.2 b2.2 b2.4 b2.3 b2.4 b2.7 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

610.4 m685 m665 m419.9 m1.3 b

Depreciation and Amortization

157.8 m208.5 m245.8 m377.7 m601 m

Inventories

(47 m)51.1 m99.4 m(62 m)(32 m)

Accounts Payable

13.8 m(97.2 m)(21.6 m)12 m86 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

439.5 m158 m327.5 m497.6 m150.4 m360.5 m548.9 m128.9 m244.6 m314.6 m144.7 m304.1 m219.2 m

Depreciation and Amortization

116.3 m46 m94.5 m148.4 m58.6 m119 m180.2 m65.7 m133 m227.2 m150.3 m294.9 m

Inventories

(26.3 m)32.9 m34.4 m80.5 m36 m50.1 m105.9 m(40.9 m)(12.7 m)(6.1 m)(19.2 m)21.2 m834.8 m

Accounts Payable

19.5 m(29.7 m)(22 m)(98.8 m)(3.6 m)(2.3 m)(30.5 m)23.8 m54.4 m34.1 m49.4 m82 m560.8 m
USDY, 2017

EV/EBIT

13.4 x

EV/CFO

10.8 x

Revenue/Employee

906.5 k

Financial Leverage

2.2 x
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