Green Plains, Inc. (GPRE) vs Westlake Chemical Partners LP (WLKP)

Green Plains, Inc. and Westlake Chemical Partners LP are both Chemicals companies. Green Plains, Inc. is the larger, with a market value of $1.1B against $758.1M — 1.4× the size. Green Plains, Inc. trades at the lower P/E: 8.3× against 13.3×. Westlake Chemical Partners LP grew revenue faster over the last twelve months: 12.1% against −23.7%. Green Plains, Inc. has the higher net margin (6.78% vs 4.66%) and the lower return on invested capital (7.48% vs 19.9%). Across the 22 metrics below, Westlake Chemical Partners LP leads on 14 and Green Plains, Inc. on 8.

Valuation

Metric GPRE WLKP Chemicals median
P/E 8.34 13.25 —
P/S 0.56 0.62 0.44
P/B 1.19 0.99 1.13
Price to free cash flow 3.34 1.86 7.30
EV/EBITDA 5.49 3.02 9.48
EV/Sales 0.71 1.21 0.86
Earnings yield 11.99% 7.55% (10.53%)
Free cash flow yield 29.93% 53.74% 4.86%

Profitability

Metric GPRE WLKP Chemicals median
Gross margin 16.03% 31.16% 16.03%
Operating margin 7.44% 28.80% (0.82%)
Net margin 6.78% 4.66% (3.05%)
Free cash flow margin 16.88% 33.14% 1.50%
Return on equity 15.40% 7.20% (5.24%)
Return on assets 7.58% 4.56% (2.51%)
Return on invested capital 7.48% 19.85% (0.75%)

Growth

Metric GPRE WLKP Chemicals median
Revenue growth (TTM) (23.68%) 12.06% 2.53%
EPS growth (last fiscal year) (39.53%) (22.03%) —
Revenue growth, 5-year CAGR 1.69% 3.83% 2.20%
Net income growth, 5-year CAGR 0.00% (5.95%) 0.00%

Health

Metric GPRE WLKP Chemicals median
Debt to equity 0.59 0.52 0.71
Current ratio 1.99 3.44 1.99
Net debt to EBITDA 3.49 0.79 3.49

Dividend

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

Size

Metric GPRE WLKP Chemicals median
Market cap 1.05b 758.14m 643.59m

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