Recent News
On August 7, 2025 the Board declared a quarterly cash dividend of $0.08 per share, payable September 15, 2025 to holders of record August 29, 2025. On August 8, 2025 the company published Q2 slides and adjusted full-year guidance lower, citing weaker end-market demand and trimming EBITDA expectations; management highlighted improved adjusted EBITDA margins despite a sales decline and noted cash deployment toward dividends, repurchases and debt reduction. The company also signaled extended credit facility flexibility while reporting net leverage above targeted ranges.
Technical Analysis
ADX at 25.44 signals a strong trend strength without directional bias on its own; paired with DI+ increasing (18.55) and DI- decreasing (19.65), directional pressure has turned bullish even though DI- sits marginally higher than DI+.
MACD reads -0.25 and trends higher while the signal line sits at -0.51, producing a MACD cross above the signal line — a bullish momentum inflection that aligns with the accelerating MACD trend.
MRO stands at -14.21 with a dip-and-reversal profile; the negative MRO implies price below target and suggests potential upward pressure toward equilibrium.
RSI at 45.84 and rising indicates recovering momentum from neutral territory rather than an overbought condition, supporting a near-term bias toward consolidation or modest upside.
Price sits at $28.72 versus the 50-day average $28.26 and below the 200-day average $29.48; the 12-day EMA shows a dip-and-reversal and the 26-day EMA at $27.66, signaling short-term strength beneath longer-term resistance. SuperTrend lower support at $27.02 and Bollinger bands between $26.15 and $28.72 define a contained trading range with upside capped near the upper band.
Ichimoku levels place Tenkan at $27.60 and Kijun at $28.03; price above Kijun supports short-term bullish bias while Senkou A ($29.33) and Senkou B ($31.11) keep the cloud overhead as a medium-term resistance zone.
Fundamental Analysis
Total revenue for the period equals $504,800,000 with reported revenue growth of 10.58% and revenue growth year-over-year of -19.74%; the company shows mixed top-line dynamics across intervals while operating cash flow totaled $50,500,000 and free cash flow $38,400,000, supporting capital returns. QoQ revenue change for the most recent period registers -3.46% and revenue growth YoY records -19.74%.
Profitability metrics present a tiered profile: gross margin at 22.62%, operating margin at 11.23%, and EBIT margin at 8.16%. EBIT margin compares below the industry peer mean of 23.402% and below the industry peer median of 28.405%, though it sits above the industry peer low of -4.454%.
EPS came in at $1.48 versus an estimate of $1.49, an EPS surprise of -0.67% and an EPS difference of -$0.01. The current PE ratio stands at 21.57 with a forward PE of 27.28; price-to-book registers 1.15 while price-to-sales equals 1.20. WMDST values the stock as under-valued based on the firm’s free cash flow yield of 6.33% versus the industry peer mean of 0.71% and an enterprise value of $1,638,041,015 against market capitalization of $606,941,015.
Balance-sheet and leverage signals require attention: total debt equals $1,069,500,000 with net debt of $929,400,000, yielding debt-to-EBITDA of 18.07 and debt-to-equity of 2.03; interest coverage stands at 2.38. Current ratio measures 2.60 and quick ratio 1.11, providing near-term liquidity cushion even as leverage exceeds typical peer medians.
Operational efficiency shows asset turnover at 0.264 and days inventory outstanding at 105.2; cash conversion cycle days at 101.64 sit inside the industry peer range high but above the industry peer mean, reflecting working capital tied up in inventory and receivables. Cash conversion ratio of 1.16 and cash flow to earnings of 2.80 signal strong cash conversion relative to reported net income.
Valuation context: enterprise multiple sits near 27.67 while EV/Revenue and free-cash-flow metrics imply the market discounts near-term growth; free cash flow yield and demonstrated cash returns (dividend and repurchase program) underlie WMDST’s under-valued determination despite elevated leverage and softened top-line guidance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-08 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 33.3 M |
| Operating Cash Flow | $ 50.5 M | |
| Capital Expenditures | $ -12.10 M | |
| Change In Working Capital | $ 11.3 M | |
| Dividends Paid | $ -1.60 M | |
| Cash Flow Delta | $ 5.1 M | |
| End Period Cash Flow | $ 38.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 504.8 M | |
| Forward Revenue | $ 167.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 390.6 M | |
| Depreciation | $ 18.0 M | |
| Depreciation and Amortization | $ 18.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 448.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 114.2 M | |
| EBITDA | $ 59.2 M | |
| EBIT | $ 41.2 M | |
| Operating Income | $ 56.7 M | |
| Interest Income | — | |
| Interest Expense | $ 17.3 M | |
| Net Interest Income | $ -17.30 M | |
| Income Before Tax | $ 23.9 M | |
| Tax Provision | $ 7.5 M | |
| Tax Rate | 31.381 % | |
| Net Income | $ 16.4 M | |
| Net Income From Continuing Operations | $ 16.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.49 | |
| EPS Actual | $ 1.48 | |
| EPS Difference | $ -0.01 | |
| EPS Surprise | -0.671 % | |
| Forward EPS | $ 1.10 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.9 B | |
| Intangible Assets | $ 430.5 M | |
| Net Tangible Assets | $ 96.3 M | |
| Total Current Assets | $ 708.0 M | |
| Cash and Short-Term Investments | $ 38.4 M | |
| Cash | $ 38.4 M | |
| Net Receivables | $ 211.7 M | |
| Inventory | $ 405.4 M | |
| Long-Term Investments | $ 28.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 168.7 M | |
| Short-Term Debt | $ 4.9 M | |
| Total Current Liabilities | $ 272.3 M | |
| Net Debt | $ 929.4 M | |
| Total Debt | $ 1.1 B | |
| Total Liabilities | $ 1.4 B | |
| EQUITY | ||
| Total Equity | $ 526.8 M | |
| Retained Earnings | $ 489.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 26.72 | |
| Shares Outstanding | 19.713 M | |
| Revenue Per-Share | $ 25.61 | |
| VALUATION | Market Capitalization | $ 606.9 M |
| Enterprise Value | $ 1.6 B | |
| Enterprise Multiple | 27.67 | |
| Enterprise Multiple QoQ | -69.621 % | |
| Enterprise Multiple YoY | 168.325 % | |
| Enterprise Multiple IPRWA | high: 123.612 median: 72.016 mean: 63.34 KOP: 27.67 low: -27.186 |
|
| EV/R | 3.245 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.665 | |
| Asset To Liability | 1.376 | |
| Debt To Capital | 0.67 | |
| Debt To Assets | 0.554 | |
| Debt To Assets QoQ | -2.043 % | |
| Debt To Assets YoY | 21453.307 % | |
| Debt To Assets IPRWA | high: 0.671 KOP: 0.554 mean: 0.358 median: 0.301 low: 0.006 |
|
| Debt To Equity | 2.03 | |
| Debt To Equity QoQ | -5.441 % | |
| Debt To Equity YoY | 20573.931 % | |
| Debt To Equity IPRWA | high: 4.382 KOP: 2.03 mean: 1.208 median: 0.673 low: -2.382 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.152 | |
| Price To Book QoQ | 4.53 % | |
| Price To Book YoY | -28.936 % | |
| Price To Book IPRWA | high: 5.724 median: 5.724 mean: 4.402 KOP: 1.152 low: -2.623 |
|
| Price To Earnings (P/E) | 21.566 | |
| Price To Earnings QoQ | -44.2 % | |
| Price To Earnings YoY | -27.1 % | |
| Price To Earnings IPRWA | high: 113.355 median: 102.718 mean: 86.242 KOP: 21.566 low: -69.902 |
|
| PE/G Ratio | -0.068 | |
| Price To Sales (P/S) | 1.202 | |
| Price To Sales QoQ | 0.0 % | |
| Price To Sales YoY | -17.975 % | |
| Price To Sales IPRWA | high: 25.954 median: 21.249 mean: 17.715 low: 1.299 KOP: 1.202 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 27.276 | |
| Forward PE/G | -0.086 | |
| Forward P/S | 3.621 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -658.444 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.264 | |
| Asset Turnover Ratio QoQ | 9.405 % | |
| Asset Turnover Ratio YoY | -11.033 % | |
| Asset Turnover Ratio IPRWA | high: 0.48 KOP: 0.264 mean: 0.145 median: 0.101 low: 0.002 |
|
| Receivables Turnover | 2.424 | |
| Receivables Turnover Ratio QoQ | 5.297 % | |
| Receivables Turnover Ratio YoY | -4.796 % | |
| Receivables Turnover Ratio IPRWA | high: 3.294 KOP: 2.424 mean: 1.77 median: 1.669 low: 0.464 |
|
| Inventory Turnover | 0.966 | |
| Inventory Turnover Ratio QoQ | 11.268 % | |
| Inventory Turnover Ratio YoY | -12.369 % | |
| Inventory Turnover Ratio IPRWA | high: 3.403 median: 2.097 mean: 1.85 KOP: 0.966 low: 0.577 |
|
| Days Sales Outstanding (DSO) | 37.644 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 101.639 | |
| Cash Conversion Cycle Days QoQ | 6.553 % | |
| Cash Conversion Cycle Days YoY | 21.263 % | |
| Cash Conversion Cycle Days IPRWA | high: 143.481 KOP: 101.639 median: 44.435 mean: 33.762 low: -58.861 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.159 | |
| CapEx To Revenue | -0.024 | |
| CapEx To Depreciation | -0.672 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 96.3 M | |
| Net Working Capital | $ 435.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.141 | |
| Current Ratio | 2.6 | |
| Current Ratio QoQ | -1.454 % | |
| Current Ratio YoY | 2.684 % | |
| Current Ratio IPRWA | high: 3.224 KOP: 2.6 mean: 1.178 median: 0.926 low: 0.717 |
|
| Quick Ratio | 1.111 | |
| Quick Ratio QoQ | 1.032 % | |
| Quick Ratio YoY | -0.783 % | |
| Quick Ratio IPRWA | high: 2.843 KOP: 1.111 mean: 0.905 median: 0.782 low: 0.442 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 18.066 | |
| Cost Of Debt | 1.11 % | |
| Interest Coverage Ratio | 2.381 | |
| Interest Coverage Ratio QoQ | -6689.651 % | |
| Interest Coverage Ratio YoY | -14.828 % | |
| Interest Coverage Ratio IPRWA | high: 36.015 mean: 21.5 median: 15.508 KOP: 2.381 low: -7.177 |
|
| Operating Cash Flow Ratio | 0.169 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 41.228 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 10.25 | |
| Dividend Payout Ratio | 0.098 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.116 % | |
| Revenue Growth | 10.581 % | |
| Revenue Growth QoQ | -346.184 % | |
| Revenue Growth YoY | -19.738 % | |
| Revenue Growth IPRWA | high: 41.002 % KOP: 10.581 % mean: 8.926 % median: 4.721 % low: -26.89 % |
|
| Earnings Growth | -317.647 % | |
| Earnings Growth QoQ | 3976.579 % | |
| Earnings Growth YoY | -366.136 % | |
| Earnings Growth IPRWA | high: 475.0 % mean: 37.053 % median: 16.524 % low: -161.905 % KOP: -317.647 % |
|
| MARGINS | ||
| Gross Margin | 22.623 % | |
| Gross Margin QoQ | -2.386 % | |
| Gross Margin YoY | 4.78 % | |
| Gross Margin IPRWA | high: 55.786 % median: 49.311 % mean: 42.355 % KOP: 22.623 % low: 5.77 % |
|
| EBIT Margin | 8.162 % | |
| EBIT Margin QoQ | -6330.534 % | |
| EBIT Margin YoY | -20.192 % | |
| EBIT Margin IPRWA | high: 35.397 % median: 28.405 % mean: 23.402 % KOP: 8.162 % low: -4.454 % |
|
| Return On Sales (ROS) | 11.232 % | |
| Return On Sales QoQ | -8674.046 % | |
| Return On Sales YoY | 9.827 % | |
| Return On Sales IPRWA | high: 34.18 % median: 25.553 % mean: 22.225 % KOP: 11.232 % low: -0.148 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 38.4 M | |
| Free Cash Flow Yield | 6.327 % | |
| Free Cash Flow Yield QoQ | -193.858 % | |
| Free Cash Flow Yield YoY | 417.334 % | |
| Free Cash Flow Yield IPRWA | high: 9.3 % KOP: 6.327 % mean: 0.708 % median: 0.433 % low: -6.232 % |
|
| Free Cash Growth | -203.784 % | |
| Free Cash Growth QoQ | 22.795 % | |
| Free Cash Growth YoY | 61.521 % | |
| Free Cash Growth IPRWA | high: 134.666 % median: 7.071 % mean: -113.394 % KOP: -203.784 % low: -471.845 % |
|
| Free Cash To Net Income | 2.341 | |
| Cash Flow Margin | 9.113 % | |
| Cash Flow To Earnings | 2.805 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.858 % | |
| Return On Assets QoQ | -216.735 % | |
| Return On Assets YoY | -39.278 % | |
| Return On Assets IPRWA | high: 3.22 % mean: 2.101 % median: 2.093 % KOP: 0.858 % low: -1.434 % |
|
| Return On Capital Employed (ROCE) | 2.484 % | |
| Return On Equity (ROE) | 0.031 | |
| Return On Equity QoQ | -211.537 % | |
| Return On Equity YoY | -40.851 % | |
| Return On Equity IPRWA | high: 0.171 mean: 0.066 median: 0.046 KOP: 0.031 low: -0.068 |
|
| DuPont ROE | 3.201 % | |
| Return On Invested Capital (ROIC) | 1.892 % | |
| Return On Invested Capital QoQ | -5833.333 % | |
| Return On Invested Capital YoY | -101.992 % | |
| Return On Invested Capital IPRWA | high: 6.532 % mean: 3.307 % median: 2.83 % KOP: 1.892 % low: -1.079 % |
|