ASP Isotopes Inc. (ASPI) vs Westlake Chemical Partners LP (WLKP)

ASP Isotopes Inc. and Westlake Chemical Partners LP are both Chemicals companies. Westlake Chemical Partners LP is the larger, with a market value of $758.1M against $466.1M — 1.6× the size. ASP Isotopes Inc. has negative trailing earnings, so its P/E is not meaningful; Westlake Chemical Partners LP trades at 13.3×. ASP Isotopes Inc. grew revenue faster over the last twelve months: 573.4% against 12.1%. Westlake Chemical Partners LP has the higher net margin (4.66% vs −428.0%) and the higher return on invested capital (19.9% vs −22.2%). Across the 17 metrics below, Westlake Chemical Partners LP leads on 15 and ASP Isotopes Inc. on 2.

Valuation

Metric ASPI WLKP Chemicals median
P/E n/m 13.25 —
P/S 11.65 0.62 0.44
P/B 1.31 0.99 1.13
Price to free cash flow n/m 1.86 7.30
EV/EBITDA n/m 3.02 9.48
EV/Sales 11.80 1.21 0.86
Earnings yield (45.05%) 7.55% (10.53%)
Free cash flow yield (23.21%) 53.74% 4.86%

Profitability

Metric ASPI WLKP Chemicals median
Gross margin 18.32% 31.16% 16.03%
Operating margin (321.11%) 28.80% (0.82%)
Net margin (428.00%) 4.66% (3.05%)
Free cash flow margin (270.50%) 33.14% 1.50%
Return on equity (87.13%) 7.20% (5.24%)
Return on assets (37.30%) 4.56% (2.51%)
Return on invested capital (22.17%) 19.85% (0.75%)

Growth

Metric ASPI WLKP Chemicals median
Revenue growth (TTM) 573.42% 12.06% 2.53%
EPS growth (last fiscal year) (234.92%) (22.03%) —
Revenue growth, 5-year CAGR — 3.83% 2.20%
Net income growth, 5-year CAGR — (5.95%) 0.00%

Health

Metric ASPI WLKP Chemicals median
Debt to equity 0.96 0.52 0.71
Current ratio 3.87 3.44 1.99
Net debt to EBITDA 1.98 0.79 3.49

Dividend

Metric ASPI WLKP Chemicals median
Dividend yield — 4.30% 2.33%
Payout ratio — — 0.00

Size

Metric ASPI WLKP Chemicals median
Market cap 466.06m 758.14m 643.59m

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