Westlake Corp Dossier
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SectorMaterials IndustrySpecialty Chemicals Beta (adjusted)0.74 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $62.31Price as of 30 Sep 2026 Data confidenceNot applicable Market Cap $8B Enterprise Value $11.4B Shares Outstanding 128.4M diluted Moat Rating None Next Earnings Date2 Nov 2026 Last ex-dividend25 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Westlake's second-quarter 2026 results showed a sharp operating recovery, led by stronger Performance and Essential Materials pricing and margins, higher Housing and Infrastructure Products volumes, and benefits from the three-pillar profitability program. The recovery is not yet sufficiently proven to support a more constructive recommendation: management linked part of the PEM improvement to supply-demand and logistical disruption associated with the Middle East conflict, while slower residential construction, raw-material inflation and lower HIP pricing remain offsets. A Hold stance balances substantially improved execution against the possibility that unusually favorable chemical pricing and logistics conditions normalize. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$80.00 Mean target$93.73 High · most bullish analyst$114.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $80.0025% Middle East-related pricing and export benefits reverse, global chemical oversupply again compresses PEM margins, and weaker homebuilding plus raw-material inflation erode HIP profitability. Failure to realize the stated profitability-program benefit would further indicate that the second-quarter improvement was cyclical rather than durable. Base CaseCentral scenario $93.7356% Matches the consensus meanWestlake retains a meaningful portion of its cost, footprint and reliability gains, but PEM pricing moderates from disruption-supported second-quarter levels and HIP remains constrained by housing affordability and raw-material inflation. Earnings therefore remain improved but volatile. Bull CaseUpside scenario $114.0019% The profitability program delivers its stated $600 million benefit, PEM sustains margins near the second-quarter level after logistical conditions normalize, and infrastructure-led pipe demand continues to offset weak residential construction. That combination would establish the second-quarter recovery as structural rather than event-driven. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |