Discounted Cash Flow

Westlake Chemical Partners L.P. LP

WLKP · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $986.7m $40.9m $-11.9m 4.1%
2017 $1.2b (18.9%) $48.7m (18.9%) $468.5m (4033.0%) 4.1% (0.0%)
2018 $1.3b (9.6%) $49.3m (1.4%) $396.3m (-15.4%) 3.8% (-7.5%)
2019 $1.1b (-15.1%) $61.0m (23.6%) $407.1m (2.7%) 5.6% (45.5%)
2020 $966.7m (-11.5%) $66.2m (8.5%) $336.4m (-17.4%) 6.8% (22.6%)
2021 $188.3m (-80.5%) $82.5m (24.8%) $327.3m (-2.7%) 43.8% (540.5%)
2022 $250.2m (32.9%) $64.2m (-22.3%) $409.6m (25.2%) 25.6% (-41.5%)
2023 $1.2b (375.9%) $54.3m (-15.4%) $405.2m (-1.1%) 4.6% (-82.2%)
2024 $1.1b (-4.6%) $62.4m (14.9%) $436.0m (7.6%) 5.5% (20.5%)
2025 $1.2b (2.7%) $48.7m (-21.9%) $201.7m (-53.8%) 4.2% (-24.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model