Ascent Industries Co. (ACNT) vs Westlake Chemical Partners LP (WLKP)

Ascent Industries Co. and Westlake Chemical Partners LP are both Chemicals companies. Westlake Chemical Partners LP is the larger, with a market value of $734.5M against $122.1M — 6.0× the size. Ascent Industries Co. has negative trailing earnings, so its P/E is not meaningful; Westlake Chemical Partners LP trades at 12.8×. Ascent Industries Co. grew revenue faster over the last twelve months: 23.2% against 12.1%. Westlake Chemical Partners LP has the higher net margin (4.66% vs −5.31%) and the higher return on invested capital (19.9% vs −5.92%). Across the 19 metrics below, Westlake Chemical Partners LP leads on 13 and Ascent Industries Co. on 6.

Valuation

Metric ACNT WLKP Chemicals median
P/E n/m 12.81 —
P/S 1.46 0.60 0.42
P/B 1.53 0.96 1.03
Price to free cash flow n/m 1.80 7.64
EV/EBITDA n/m 2.97 9.25
EV/Sales 1.16 1.19 0.84
Earnings yield (3.34%) 7.81% (11.13%)
Free cash flow yield (6.88%) 55.60% 0.00%

Profitability

Metric ACNT WLKP Chemicals median
Gross margin 21.11% 31.16% 16.03%
Operating margin (5.91%) 28.80% (0.82%)
Net margin (5.31%) 4.66% (3.05%)
Free cash flow margin (10.06%) 33.14% (0.15%)
Return on equity (5.24%) 7.20% (5.24%)
Return on assets (3.88%) 4.56% (2.51%)
Return on invested capital (5.92%) 19.85% (0.75%)

Growth

Metric ACNT WLKP Chemicals median
Revenue growth (TTM) 23.16% 12.06% 2.53%
EPS growth (last fiscal year) 106.72% (22.03%) (39.53%)
Revenue growth, 5-year CAGR (21.78%) 3.83% 2.20%
Net income growth, 5-year CAGR 0.00% (5.95%) 0.00%

Health

Metric ACNT WLKP Chemicals median
Debt to equity 0.01 0.52 0.71
Current ratio 4.33 3.44 1.99
Net debt to EBITDA 21.99 0.79 3.49

Dividend

Metric ACNT WLKP Chemicals median
Dividend yield — 9.03% 4.39%
Payout ratio — 1.16 —

Size

Metric ACNT WLKP Chemicals median
Market cap 122.08m 734.52m 565.34m

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