Westlake Chemical Partners: Large Dividend Yield, Growing Market, And Undervalued

Core Viewpoint - Westlake Chemical Partners LP (WLKP) operates in a growing market with a forward dividend yield of 8.54% and a payout ratio of 126.55%, indicating strong financial management and positive net income and revenue growth [1] Financial Performance - The company has demonstrated the ability to report positive net income and revenue growth, suggesting effective management of its business model [1] - The analysis includes various financial metrics such as cash flow statements, unlevered free cash flow, cost of capital, cost of debt, WACC, share count, and net debt [1] Investment Strategy - The focus is on companies with a long history of reporting financial figures, avoiding growth stocks in favor of more established entities [1] - Trading multiples studied include EV/FCF, net income, and EV/EBITDA, which are critical for evaluating the company's financial health [1]