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On August 4, 2025 AdvanSix declared a quarterly cash dividend of $0.16 per share with an August 26 payment date. On August 25, 2025 a large institutional filer increased its stake in the company by purchasing 83,678 shares. On August 3, 2025 one boutique research service lowered its rating from strong-buy to buy.
Technical Analysis
ADX reads 16.53, which indicates no strong trend; the market currently favors range-bound behavior rather than a directional breakout. That low trend strength reduces the near-term impact of valuation gaps on price action.
Directional indicators show a coincident bearish shift: DI+ peaked then reversed while DI- dipped then reversed, producing a directional configuration that favors downside pressure. Those directional moves align with momentum deterioration and suggest continuation of the current bias until DI+ recovers.
MACD at -0.22 sits below the signal line (-0.04) after a peak-and-reverse in the MACD series, signaling bearish momentum. The MACD configuration implies that short-term momentum failed to sustain and momentum-driven sellers exert influence.
MRO reads 19.35 and underwent a peak-and-reverse; the positive MRO indicates price currently trades above the model target and therefore carries a tendency toward downward adjustment. The strength of that potential comes from the absolute MRO magnitude.
RSI at 44.98 produced a peak-and-reverse and remains below neutral, signaling that momentum favors further softening rather than immediate strength. The RSI position supports the MACD and directional signals for a bearish skew within a range.
Price trades below the 200-day average ($23.99) and below short-term Ichimoku components (Tenkan/Kijun ≈ $20.38; Senkou A/B ≈ $20.42/$21.56), so the overall placement relative to moving averages and the cloud favors a bearish technical posture. Bollinger bands place the close ($19.09) beneath the 1x lower band ($19.69) but above the 2x lower band ($18.79), which highlights overshoot toward the lower bound and raises the probability of mean reversion within the existing range rather than a structural trend change.
Fundamental Analysis
Revenue registered at $410,022,000 with revenue growth year-over-year at -75.37% and revenue growth at 8.53% (as presented). Top-line weakness combines with margin compression: gross margin stands at 14.32%, operating margin at 8.12%, and EBIT margin at 8.27%. EBIT margin sits above the industry peer low but below the industry peer mean (23.40%) and median (28.41%), indicating margin performance trails typical peers.
Net income reached $31,371,000 while EBIT amounted to $33,905,000 and EBITDA to $53,366,000. EPS actual registered $1.15 against an estimate of $1.11, producing an EPS surprise of 3.60%. Forward EPS registers at $1.0075 with a forward P/E of 23.56; current P/E equals 20.11 and P/B equals 0.70. WMDST’s stated valuation labels the stock over-valued, a view that must reconcile positive earnings surprise with weakening free cash flow.
Operating cash flow improved to $21,110,000 but free cash flow remained negative at -$7,155,000 and free cash flow yield measured -1.25%, with free cash flow declining sharply QoQ and YoY. The cash conversion ratio registers 362.50%, signaling strong conversion of earnings into cash when operating cash remains positive, yet free cash flow volatility and negative free cash growth raise concern about near-term cash generation sustainability.
Leverage presents as measured: total debt $377,755,000 with debt-to-assets at 22.94% and debt-to-equity at 45.86%. Debt-to-EBITDA sits at 7.08x while interest coverage remains healthy around 15.04x. The elevated debt-to-EBITDA ratio reflects leverage relative to current EBITDA levels even though interest costs remain manageable.
Return metrics remain modest: return on assets at 1.92% and return on equity at 3.81%, both below typical peer means though return-on-invested-capital approximates the industry peer mean. Inventory days and working capital dynamics show days inventory outstanding at ~62.5 and a cash conversion cycle near 33 days—cash cycle measures lie close to the industry peer mean and median, suggesting working-capital management remains competent relative to peers.
Valuation multiples present mixed signals: P/E at 20.11 and P/S at 1.40 appear modest relative to industry peer means where available, but free cash flow weakness, declining YoY margins, and the directional technical signals produce compression risk. WMDST values the stock as over-valued, reflecting the combination of weakening fundamentals, negative free cash flow, and technical momentum that currently favors downside or range-bound outcomes.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-01 |
| NEXT REPORT DATE: | 2025-10-31 |
| CASH FLOW | Begin Period Cash Flow | $ 8.3 M |
| Operating Cash Flow | $ 21.1 M | |
| Capital Expenditures | $ -28.27 M | |
| Change In Working Capital | $ -34.81 M | |
| Dividends Paid | $ -4.29 M | |
| Cash Flow Delta | $ 10.1 M | |
| End Period Cash Flow | $ 18.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 410.0 M | |
| Forward Revenue | $ 88.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 351.3 M | |
| Depreciation | $ 19.5 M | |
| Depreciation and Amortization | $ 19.5 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 376.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 58.7 M | |
| EBITDA | $ 53.4 M | |
| EBIT | $ 33.9 M | |
| Operating Income | $ 33.3 M | |
| Interest Income | — | |
| Interest Expense | $ 2.3 M | |
| Net Interest Income | $ -2.25 M | |
| Income Before Tax | $ 31.6 M | |
| Tax Provision | $ 279.0 K | |
| Tax Rate | 0.881 % | |
| Net Income | $ 31.4 M | |
| Net Income From Continuing Operations | $ 31.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.11 | |
| EPS Actual | $ 1.15 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 3.604 % | |
| Forward EPS | $ 1.01 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.6 B | |
| Intangible Assets | $ 97.8 M | |
| Net Tangible Assets | $ 725.9 M | |
| Total Current Assets | $ 434.2 M | |
| Cash and Short-Term Investments | $ 18.4 M | |
| Cash | $ 18.4 M | |
| Net Receivables | $ 155.7 M | |
| Inventory | $ 221.8 M | |
| Long-Term Investments | $ 41.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 231.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 321.1 M | |
| Net Debt | $ 221.6 M | |
| Total Debt | $ 377.8 M | |
| Total Liabilities | $ 822.7 M | |
| EQUITY | ||
| Total Equity | $ 823.7 M | |
| Retained Earnings | $ 677.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 30.69 | |
| Shares Outstanding | 26.844 M | |
| Revenue Per-Share | $ 15.27 | |
| VALUATION | Market Capitalization | $ 574.4 M |
| Enterprise Value | $ 933.7 M | |
| Enterprise Multiple | 17.496 | |
| Enterprise Multiple QoQ | -12.35 % | |
| Enterprise Multiple YoY | 85.955 % | |
| Enterprise Multiple IPRWA | high: 123.612 median: 72.016 mean: 63.35 ASIX: 17.496 low: -27.186 |
|
| EV/R | 2.277 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.999 | |
| Asset To Liability | 2.001 | |
| Debt To Capital | 0.314 | |
| Debt To Assets | 0.229 | |
| Debt To Assets QoQ | 3.477 % | |
| Debt To Assets YoY | 442.54 % | |
| Debt To Assets IPRWA | high: 0.671 mean: 0.358 median: 0.301 ASIX: 0.229 low: 0.006 |
|
| Debt To Equity | 0.459 | |
| Debt To Equity QoQ | 1.042 % | |
| Debt To Equity YoY | 447.832 % | |
| Debt To Equity IPRWA | high: 4.382 mean: 1.21 median: 0.673 ASIX: 0.459 low: -2.382 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.697 | |
| Price To Book QoQ | -13.295 % | |
| Price To Book YoY | -20.263 % | |
| Price To Book IPRWA | high: 5.724 median: 5.724 mean: 4.403 ASIX: 0.697 low: -2.623 |
|
| Price To Earnings (P/E) | 20.107 | |
| Price To Earnings QoQ | -21.529 % | |
| Price To Earnings YoY | 27.501 % | |
| Price To Earnings IPRWA | high: 113.355 median: 102.718 mean: 86.24 ASIX: 20.107 low: -69.902 |
|
| PE/G Ratio | 0.85 | |
| Price To Sales (P/S) | 1.401 | |
| Price To Sales QoQ | -17.159 % | |
| Price To Sales YoY | -2.702 % | |
| Price To Sales IPRWA | high: 25.954 median: 21.249 mean: 17.713 ASIX: 1.401 low: 1.202 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 23.563 | |
| Forward PE/G | 0.996 | |
| Forward P/S | 6.499 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.321 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.251 | |
| Asset Turnover Ratio QoQ | 6.825 % | |
| Asset Turnover Ratio YoY | -18.602 % | |
| Asset Turnover Ratio IPRWA | high: 0.48 ASIX: 0.251 mean: 0.145 median: 0.101 low: 0.002 |
|
| Receivables Turnover | 2.475 | |
| Receivables Turnover Ratio QoQ | 3.805 % | |
| Receivables Turnover Ratio YoY | -11.991 % | |
| Receivables Turnover Ratio IPRWA | high: 3.294 ASIX: 2.475 mean: 1.77 median: 1.669 low: 0.464 |
|
| Inventory Turnover | 1.58 | |
| Inventory Turnover Ratio QoQ | 6.037 % | |
| Inventory Turnover Ratio YoY | -22.126 % | |
| Inventory Turnover Ratio IPRWA | high: 3.403 median: 2.097 mean: 1.849 ASIX: 1.58 low: 0.577 |
|
| Days Sales Outstanding (DSO) | 36.864 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 33.179 | |
| Cash Conversion Cycle Days QoQ | -1.285 % | |
| Cash Conversion Cycle Days YoY | 11.342 % | |
| Cash Conversion Cycle Days IPRWA | high: 143.481 median: 44.435 mean: 33.854 ASIX: 33.179 low: -58.861 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 3.625 | |
| CapEx To Revenue | -0.069 | |
| CapEx To Depreciation | -1.452 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ 725.9 M | |
| Net Working Capital | $ 113.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.057 | |
| Current Ratio | 1.352 | |
| Current Ratio QoQ | 13.486 % | |
| Current Ratio YoY | -2.504 % | |
| Current Ratio IPRWA | high: 3.224 ASIX: 1.352 mean: 1.179 median: 0.926 low: 0.717 |
|
| Quick Ratio | 0.662 | |
| Quick Ratio QoQ | 18.867 % | |
| Quick Ratio YoY | -10.94 % | |
| Quick Ratio IPRWA | high: 2.843 mean: 0.906 median: 0.782 ASIX: 0.662 low: 0.442 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 7.079 | |
| Cost Of Debt | 0.605 % | |
| Interest Coverage Ratio | 15.035 | |
| Interest Coverage Ratio QoQ | -23.959 % | |
| Interest Coverage Ratio YoY | -4.95 % | |
| Interest Coverage Ratio IPRWA | high: 36.015 mean: 21.484 median: 15.508 ASIX: 15.035 low: -7.177 |
|
| Operating Cash Flow Ratio | 0.202 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 66.233 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 7.313 | |
| Dividend Payout Ratio | 0.137 | |
| Dividend Rate | $ 0.16 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.256 % | |
| Revenue Growth | 8.531 % | |
| Revenue Growth QoQ | -42.389 % | |
| Revenue Growth YoY | -75.367 % | |
| Revenue Growth IPRWA | high: 41.002 % mean: 8.928 % ASIX: 8.531 % median: 4.721 % low: -26.89 % |
|
| Earnings Growth | 23.656 % | |
| Earnings Growth QoQ | -97.465 % | |
| Earnings Growth YoY | -106.278 % | |
| Earnings Growth IPRWA | high: 475.0 % mean: 35.532 % ASIX: 23.656 % median: 16.524 % low: -666.667 % |
|
| MARGINS | ||
| Gross Margin | 14.32 % | |
| Gross Margin QoQ | 1.173 % | |
| Gross Margin YoY | -20.192 % | |
| Gross Margin IPRWA | high: 55.786 % median: 49.311 % mean: 42.363 % ASIX: 14.32 % low: 5.77 % |
|
| EBIT Margin | 8.269 % | |
| EBIT Margin QoQ | 2.529 % | |
| EBIT Margin YoY | -32.542 % | |
| EBIT Margin IPRWA | high: 35.397 % median: 28.405 % mean: 23.401 % ASIX: 8.269 % low: -4.454 % |
|
| Return On Sales (ROS) | 8.121 % | |
| Return On Sales QoQ | 0.694 % | |
| Return On Sales YoY | -33.749 % | |
| Return On Sales IPRWA | high: 34.18 % median: 25.553 % mean: 22.228 % ASIX: 8.121 % low: -0.148 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -7.16 M | |
| Free Cash Flow Yield | -1.246 % | |
| Free Cash Flow Yield QoQ | -64.812 % | |
| Free Cash Flow Yield YoY | -148.691 % | |
| Free Cash Flow Yield IPRWA | high: 9.3 % mean: 0.717 % median: 0.433 % ASIX: -1.246 % low: -6.232 % |
|
| Free Cash Growth | -68.367 % | |
| Free Cash Growth QoQ | -61.125 % | |
| Free Cash Growth YoY | -44.568 % | |
| Free Cash Growth IPRWA | high: 134.666 % median: 7.071 % ASIX: -68.367 % mean: -113.554 % low: -471.845 % |
|
| Free Cash To Net Income | -0.228 | |
| Cash Flow Margin | 15.807 % | |
| Cash Flow To Earnings | 2.066 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.917 % | |
| Return On Assets QoQ | 32.207 % | |
| Return On Assets YoY | -27.469 % | |
| Return On Assets IPRWA | high: 3.22 % mean: 2.1 % median: 2.093 % ASIX: 1.917 % low: -1.434 % |
|
| Return On Capital Employed (ROCE) | 2.558 % | |
| Return On Equity (ROE) | 0.038 | |
| Return On Equity QoQ | 29.568 % | |
| Return On Equity YoY | -26.966 % | |
| Return On Equity IPRWA | high: 0.171 mean: 0.066 median: 0.046 ASIX: 0.038 low: -0.068 |
|
| DuPont ROE | 3.878 % | |
| Return On Invested Capital (ROIC) | 3.159 % | |
| Return On Invested Capital QoQ | 29.68 % | |
| Return On Invested Capital YoY | -96.171 % | |
| Return On Invested Capital IPRWA | high: 6.532 % mean: 3.306 % ASIX: 3.159 % median: 2.83 % low: -1.079 % |
|