Westlake Corp (WLK)
Pitch Summary: Westlake Corp (WLK) is a leading U.S. chlor-alkali and PVC producer trading near trough-cycle valuations at ~6.5× mid-cycle EBITDA and ~9% normalized ROIC. The company is experiencing depressed earnings due to temporary global oversupply, weak construction demand, and Chinese cost advantages. However, structural energy advantages from U.S. shale gas and limited new capacity […]
