Recent News
On August 4, 2025 the board declared a cash dividend of $0.075 per share payable on or about August 19, 2025 to holders of record August 11, 2025. Market commentary around August 5–7 noted a corporate dividend declaration and a change in at least one third‑party analyst view.
Technical Analysis
ADX and Directional Indicators: ADX at 56.65 signals very strong trend strength; DI‑ at 34.79 exceeds DI+ at 7.99, indicating a downside‑dominant directional bias. DI+ shows a peak‑and‑reversal (bearish).
MACD: MACD sits at ‑1.22 while the MACD signal reads ‑1.35 and the MACD trend registers as increasing. MACD has crossed above its signal line, a bullish shift in momentum despite a negative absolute level, which supports the possibility of a near‑term recovery attempt.
MRO: MRO equals ‑47.81 (negative), indicating price sits below the model target and therefore carries potential for upward pressure as that gap closes; the magnitude suggests pronounced upside potential if momentum confirms.
RSI and Short‑Term Oscillators: RSI at 32.84 with a dip‑and‑reversal pattern signals oversold conditions and a nascent recovery attempt; expect mean‑reversion bursts while broader bearish drivers persist.
Price Structure and Moving Averages: Closing price $15.05 sits below the 20‑day average $15.29, the 50‑day average $19.60, and the 200‑day average $16.98; the 12‑day EMA at $15.42 trends downward. Ichimoku readings show the Chikou span below the cloud, which aligns with prevailing bearish structure. Bollinger band data indicate the price has rallied from levels below the ‑2× standard deviation band, consistent with an oversold rebound pattern.
Volume & Volatility: Current volume around 173,730 compares with a 10‑day average of 179,350 and a 50‑day average of 238,182, while 42‑day volatility at 3% versus 52‑week volatility at 2% points to elevated short‑term price action relative to the year. SuperTrend resistance near $16.42 marks an initial hurdle for any relief move.
Fundamental Analysis
Revenue and Growth: Total revenue $105,251,000 with YoY revenue growth of ‑4.78% and QoQ revenue growth of ‑170.00% (quarterly change reported). Recent segment commentary referenced growth in renewables and retail customer additions, while corporate topline shows mixed periodic comparisons.
Margins and Profitability: Gross margin equals 22.31%; operating margin equals 1.94%; EBIT margin equals 3.85%. QoQ changes show sharp compression: EBIT margin QoQ declined by 64.80% and YoY declined by 73.72%, reflecting margin pressure at the retail supply business. Gross margin YoY fell ~39.31% while operating margin YoY fell ~86.80%.
Cash Flow and Capital Allocation: Operating cash flow totals $1,116,000 with free cash flow at ‑$793,000 and free cash flow yield at ‑0.16%; free cash flow contracted substantially on both quarterly and yearly comparisons. Cash and short‑term investments total $106,023,000, and the company repurchased shares during the period while maintaining a quarterly dividend of $0.075 per share.
Balance Sheet and Leverage: Current ratio equals 199.39% and quick ratio equals 184.81%, supporting near‑term liquidity. Total debt equals $9,132,000 and debt‑to‑assets equals 2.38%, well below the industry peer mean, while interest coverage equals 2,599.36%—a pronounced coverage figure that reflects very low interest burden relative to operating earnings.
Returns and Efficiency: Return on equity equals 1.432% and return on assets equals 0.735%; both register declines QoQ and YoY. Asset turnover equals 27.43%, above the provided industry peer mean for asset turnover, indicating efficient revenue generation per asset dollar despite margin compression.
Valuation: Forward P/E reads about 176.98 while enterprise multiple stands near 93.10, both above the industry peer mean levels. WMDST values the stock as fair‑valued; valuation metrics show investor expectations priced at a premium relative to peer averages, even as profitability and cash‑flow dynamics compress.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-06 |
| CASH FLOW | Begin Period Cash Flow | $ 210.8 M |
| Operating Cash Flow | $ 1.1 M | |
| Capital Expenditures | $ -1.91 M | |
| Change In Working Capital | $ -3.39 M | |
| Dividends Paid | $ -2.01 M | |
| Cash Flow Delta | $ -8.77 M | |
| End Period Cash Flow | $ 202.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 105.3 M | |
| Forward Revenue | $ 28.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 81.8 M | |
| Depreciation | $ 235.0 K | |
| Depreciation and Amortization | $ 235.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 103.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 23.5 M | |
| EBITDA | $ 4.3 M | |
| EBIT | $ 4.1 M | |
| Operating Income | $ 2.0 M | |
| Interest Income | $ 2.0 M | |
| Interest Expense | $ 156.0 K | |
| Net Interest Income | $ 1.8 M | |
| Income Before Tax | $ 3.9 M | |
| Tax Provision | $ 1.1 M | |
| Tax Rate | 27.674 % | |
| Net Income | $ 2.8 M | |
| Net Income From Continuing Operations | $ 2.8 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ 0.12 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 383.1 M | |
| Intangible Assets | $ 15.0 M | |
| Net Tangible Assets | $ 182.1 M | |
| Total Current Assets | $ 230.7 M | |
| Cash and Short-Term Investments | $ 106.0 M | |
| Cash | $ 105.4 M | |
| Net Receivables | $ 61.3 M | |
| Inventory | $ 16.9 M | |
| Long-Term Investments | $ 83.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 34.6 M | |
| Short-Term Debt | $ 2.2 M | |
| Total Current Liabilities | $ 115.7 M | |
| Net Debt | — | |
| Total Debt | $ 9.1 M | |
| Total Liabilities | $ 195.9 M | |
| EQUITY | ||
| Total Equity | $ 197.0 M | |
| Retained Earnings | $ 74.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 7.37 | |
| Shares Outstanding | 26.752 M | |
| Revenue Per-Share | $ 3.93 | |
| VALUATION | Market Capitalization | $ 496.3 M |
| Enterprise Value | $ 399.4 M | |
| Enterprise Multiple | 93.097 | |
| Enterprise Multiple QoQ | 376.879 % | |
| Enterprise Multiple YoY | 317.912 % | |
| Enterprise Multiple IPRWA | GNE: 93.097 high: 78.364 mean: 55.668 median: 53.919 low: 28.593 |
|
| EV/R | 3.795 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.944 | |
| Asset To Liability | 1.955 | |
| Debt To Capital | 0.044 | |
| Debt To Assets | 0.024 | |
| Debt To Assets QoQ | 0.591 % | |
| Debt To Assets YoY | 4082.456 % | |
| Debt To Assets IPRWA | high: 0.554 mean: 0.437 median: 0.431 low: 0.379 GNE: 0.024 |
|
| Debt To Equity | 0.046 | |
| Debt To Equity QoQ | 0.761 % | |
| Debt To Equity YoY | 4938.043 % | |
| Debt To Equity IPRWA | high: 2.209 mean: 1.614 median: 1.583 GNE: 0.046 low: 0.033 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.519 | |
| Price To Book QoQ | 24.444 % | |
| Price To Book YoY | 20.301 % | |
| Price To Book IPRWA | high: 2.722 GNE: 2.519 median: 2.178 mean: 2.054 low: 0.927 |
|
| Price To Earnings (P/E) | — | |
| Price To Earnings QoQ | — | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | — | |
| Price To Sales (P/S) | 4.715 | |
| Price To Sales QoQ | 60.964 % | |
| Price To Sales YoY | 1.079 % | |
| Price To Sales IPRWA | high: 17.207 median: 13.112 mean: 12.808 GNE: 4.715 low: 2.38 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 176.977 | |
| Forward PE/G | — | |
| Forward P/S | 17.3 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.161 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.274 | |
| Asset Turnover Ratio QoQ | -24.251 % | |
| Asset Turnover Ratio YoY | -1.551 % | |
| Asset Turnover Ratio IPRWA | GNE: 0.274 high: 0.069 mean: 0.043 median: 0.042 low: 0.023 |
|
| Receivables Turnover | 1.677 | |
| Receivables Turnover Ratio QoQ | -22.738 % | |
| Receivables Turnover Ratio YoY | 5.672 % | |
| Receivables Turnover Ratio IPRWA | high: 2.332 mean: 1.681 GNE: 1.677 median: 1.613 low: 1.004 |
|
| Inventory Turnover | 5.345 | |
| Inventory Turnover Ratio QoQ | -30.357 % | |
| Inventory Turnover Ratio YoY | 12.273 % | |
| Inventory Turnover Ratio IPRWA | GNE: 5.345 high: 3.699 mean: 2.038 median: 1.838 low: 0.587 |
|
| Days Sales Outstanding (DSO) | 54.42 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 38.944 | |
| Cash Conversion Cycle Days QoQ | 104.905 % | |
| Cash Conversion Cycle Days YoY | -12.059 % | |
| Cash Conversion Cycle Days IPRWA | high: 126.275 GNE: 38.944 mean: 38.785 median: 23.247 low: -7.297 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.915 | |
| CapEx To Revenue | -0.018 | |
| CapEx To Depreciation | -8.123 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 203.9 M | |
| Net Invested Capital | $ 206.1 M | |
| Invested Capital | $ 206.1 M | |
| Net Tangible Assets | $ 182.1 M | |
| Net Working Capital | $ 115.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.916 | |
| Current Ratio | 1.994 | |
| Current Ratio QoQ | -1.926 % | |
| Current Ratio YoY | -23.079 % | |
| Current Ratio IPRWA | high: 2.378 GNE: 1.994 mean: 0.805 median: 0.666 low: 0.484 |
|
| Quick Ratio | 1.848 | |
| Quick Ratio QoQ | -3.546 % | |
| Quick Ratio YoY | -26.794 % | |
| Quick Ratio IPRWA | GNE: 1.848 high: 1.008 mean: 0.573 median: 0.491 low: 0.404 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.129 | |
| Cost Of Debt | 1.237 % | |
| Interest Coverage Ratio | 25.994 | |
| Interest Coverage Ratio QoQ | -67.191 % | |
| Interest Coverage Ratio YoY | -35.295 % | |
| Interest Coverage Ratio IPRWA | GNE: 25.994 high: 3.046 mean: 2.106 median: 1.987 low: 0.225 |
|
| Operating Cash Flow Ratio | 0.066 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 29.514 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.404 | |
| Dividend Payout Ratio | 0.712 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.335 % | |
| Revenue Growth | -23.066 % | |
| Revenue Growth QoQ | -170.005 % | |
| Revenue Growth YoY | -4.776 % | |
| Revenue Growth IPRWA | high: 23.246 % mean: -22.537 % median: -22.995 % GNE: -23.066 % low: -45.479 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | 22.309 % | |
| Gross Margin QoQ | -18.315 % | |
| Gross Margin YoY | -39.305 % | |
| Gross Margin IPRWA | high: 76.393 % median: 47.685 % mean: 45.404 % GNE: 22.309 % low: 21.759 % |
|
| EBIT Margin | 3.853 % | |
| EBIT Margin QoQ | -64.797 % | |
| EBIT Margin YoY | -73.719 % | |
| EBIT Margin IPRWA | high: 40.367 % mean: 23.806 % median: 23.045 % low: 6.928 % GNE: 3.853 % |
|
| Return On Sales (ROS) | 1.936 % | |
| Return On Sales QoQ | -82.312 % | |
| Return On Sales YoY | -86.795 % | |
| Return On Sales IPRWA | high: 30.079 % median: 20.149 % mean: 19.872 % low: 9.875 % GNE: 1.936 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -793.00 K | |
| Free Cash Flow Yield | -0.16 % | |
| Free Cash Flow Yield QoQ | -104.723 % | |
| Free Cash Flow Yield YoY | -103.376 % | |
| Free Cash Flow Yield IPRWA | high: 5.702 % GNE: -0.16 % median: -0.924 % mean: -1.192 % low: -3.517 % |
|
| Free Cash Growth | -105.841 % | |
| Free Cash Growth QoQ | -436.42 % | |
| Free Cash Growth YoY | -213.487 % | |
| Free Cash Growth IPRWA | high: 149.074 % median: -94.821 % GNE: -105.841 % mean: -131.694 % low: -431.568 % |
|
| Free Cash To Net Income | -0.281 | |
| Cash Flow Margin | 7.252 % | |
| Cash Flow To Earnings | 2.705 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.735 % | |
| Return On Assets QoQ | -73.871 % | |
| Return On Assets YoY | -75.11 % | |
| Return On Assets IPRWA | high: 0.747 % GNE: 0.735 % mean: 0.476 % median: 0.476 % low: 0.07 % |
|
| Return On Capital Employed (ROCE) | 1.517 % | |
| Return On Equity (ROE) | 0.014 | |
| Return On Equity QoQ | -73.328 % | |
| Return On Equity YoY | -69.897 % | |
| Return On Equity IPRWA | high: 0.029 mean: 0.018 median: 0.018 GNE: 0.014 low: 0.005 |
|
| DuPont ROE | 1.429 % | |
| Return On Invested Capital (ROIC) | 1.423 % | |
| Return On Invested Capital QoQ | -72.049 % | |
| Return On Invested Capital YoY | -117.886 % | |
| Return On Invested Capital IPRWA | high: 1.668 % GNE: 1.423 % mean: 1.155 % median: 1.092 % low: 0.33 % |
|