Why Westlake Chemical Corporation (NYSE:WLK) Could Be Your Next Investment
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card!
Attractive stocks have exceptional fundamentals. In the case of Westlake Chemical Corporation (NYSE:WLK), there's is a well-regarded dividend-paying company that has been a rockstar for income investors, currently trading at an attractive share price. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Westlake Chemical here.
Undervalued established dividend payer
WLK's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. According to my intrinsic value of the stock, which is driven by analyst consensus forecast of WLK's earnings, investors now have the opportunity to buy into the stock to reap capital gains. Compared to the rest of the chemicals industry, WLK is also trading below its peers, relative to earnings generated. This further reaffirms that WLK is potentially undervalued.
WLK is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
Next Steps:
For Westlake Chemical, I've put together three relevant factors you should further research:
Future Outlook: What are well-informed industry analysts predicting for WLK’s future growth? Take a look at our free research report of analyst consensus for WLK’s outlook.
Historical Performance: What has WLK's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of WLK? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
