Recent News
Oct. 29, 2025 — The board reauthorized an additional $7.5 million share repurchase authorization for common and preferred stock. Nov. 5, 2025 — Brokerages published a consensus one-year price target near $24.50, reflecting a mix of buy and hold opinions among covering analysts.
Technical Analysis
ADX / DI+/DI-: ADX at 32.51 indicates a strong underlying trend. Directional indicators show DI+ at 23.23 and increasing while DI- sits at 19.22 and decreasing; that combination signals bullish directional pressure supporting continued price appreciation versus the current valuation level.
MACD: MACD reads 0.26, the MACD trend shows increasing momentum, and the MACD sits above its signal line (-0.01). That MACD cross above the signal line provides a clear bullish momentum confirmation and aligns with the near-term price bias implied by the ADX/DI readings.
MRO (Momentum/Regression Oscillator): MRO stands at -13.84 and shows an increasing trajectory. The negative MRO indicates the market price sits below the regression target, implying upside potential toward fair-value estimates as momentum shifts upward.
RSI: RSI at 60.69 and rising indicates bullish momentum without extreme overbought conditions; the indicator supports the probability of an extension rather than an immediate pullback while price trades above key averages.
Price Relative to Moving Averages & Bands: Last close at $21.99 trades above the 20-day average ($20.31), 50-day average ($20.65), and 200-day average ($19.51). The 12-day EMA at $20.93 trends higher. Price sits just above the 1x upper Bollinger band ($21.69) but below the 2x upper band ($23.07), indicating a short-term extension with room before extreme upper-band pressure. SuperTrend lower support sits at $20.69, providing a reference level for trend continuity.
Volume & Volatility: Daily volume of 25,300 falls modestly below the 10-day average (26,870) and remains below the 200-day average (34,959), suggesting the current move shows limited participation. Volatility metrics (42-day and 52-week ~0.02) reflect contained price dispersion relative to peers, supporting a measured swing environment.
Fundamental Analysis
Earnings & Per-Share Metrics: Reported EPS came in at $1.01 versus an estimate of $0.01, producing a $1.00 beat and a 100.0% EPS surprise. Forward EPS stands at $0.475 with a forward P/E of 38.74. The trailing P/E reads -182.87 due to reported earnings characteristics.
Valuation Multiples: Price-to-book registers at 0.34x, positioned well below the industry peer mean (≈3.96x) and median (≈4.28x), indicating a material discount to peer book multiples. Price-to-sales equals 6.55x, and forward P/S prints 33.86x. WMDST values the stock as under-valued based on the firm’s chosen valuation framework and these multiple dislocations.
Profitability & Growth: Revenue growth stands at 28.65%, while revenue growth year-over-year shows -292.22% (YoY data available). Net income reads $4.55 million; earnings growth registers -88.37% with a year-over-year change of -140.40%. Return on assets equals 0.25% and return on equity equals 1.07%, both near or slightly below industry peer means where peer data exist.
Balance Sheet & Liquidity: Cash on hand totals $42.7 million against enterprise value of $1,498.16 million and net debt of $1,266.55 million. Debt-to-assets equals 74.51% and debt-to-equity equals 318.59%, both above the industry peer mean, reflecting a leverage profile that exceeds typical peer leverage.
Cash Flow & Dividends: Free cash flow stands at $11.715 million, producing a free-cash-flow yield of 8.18%, above the industry peer mean. Dividend yield measures 3.69% with a dividend payout ratio of 116.13% and dividend coverage of 86.11%, indicating distributions run above current earnings but receive partial coverage from cash flow.
Liquidity & Operational Metrics: Total assets equal $1,818.31 million, invested capital approximates $1,734.57 million, and book value per share registers $57.36. Asset turnover sits at 1.216% and receivables turnover at 1.246x, both consistent with a loan-focused REIT operating model.
Valuation Summary: Low P/B relative to industry peer mean and a free-cash-flow yield above peer averages create a valuation argument consistent with WMDST’s under-valued designation. Elevated leverage and payout metrics impose capital-structure risk that must weigh against the valuation gap.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-10-29 |
| NEXT REPORT DATE: | 2026-01-28 |
| CASH FLOW | Begin Period Cash Flow | $ 66.7 M |
| Operating Cash Flow | $ 11.8 M | |
| Capital Expenditures | $ -52.00 K | |
| Change In Working Capital | $ 4.2 M | |
| Dividends Paid | $ -5.28 M | |
| Cash Flow Delta | $ -21.84 M | |
| End Period Cash Flow | $ 44.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 21.9 M | |
| Forward Revenue | $ 4.1 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 2.8 M | |
| Depreciation and Amortization | $ 2.8 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 28.8 M | |
| Interest Expense | $ 20.3 M | |
| Net Interest Income | $ 8.6 M | |
| Income Before Tax | $ 4.3 M | |
| Tax Provision | $ 7.0 K | |
| Tax Rate | 0.162 % | |
| Net Income | $ 4.5 M | |
| Net Income From Continuing Operations | $ 4.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.01 | |
| EPS Actual | $ 1.01 | |
| EPS Difference | $ 1.00 | |
| EPS Surprise | 10000.0 % | |
| Forward EPS | $ 0.47 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.8 B | |
| Intangible Assets | $ 6.7 M | |
| Net Tangible Assets | $ 418.6 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 42.7 M | |
| Net Receivables | $ 19.1 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 6.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 1.3 B | |
| Total Debt | $ 1.4 B | |
| Total Liabilities | $ 1.4 B | |
| EQUITY | ||
| Total Equity | $ 425.3 M | |
| Retained Earnings | $ -726.86 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 57.36 | |
| Shares Outstanding | 7.142 M | |
| Revenue Per-Share | $ 2.95 | |
| VALUATION | Market Capitalization | $ 143.3 M |
| Enterprise Value | $ 1.5 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 68.494 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.276 | |
| Asset To Liability | 1.315 | |
| Debt To Capital | 0.761 | |
| Debt To Assets | 0.745 | |
| Debt To Assets QoQ | 0.745 % | |
| Debt To Assets YoY | 2033.209 % | |
| Debt To Assets IPRWA | high: 1.375 ACR: 0.745 mean: 0.254 median: 0.237 low: 0.0 |
|
| Debt To Equity | 3.186 | |
| Debt To Equity QoQ | 4.082 % | |
| Debt To Equity YoY | 1789.184 % | |
| Debt To Equity IPRWA | high: 5.977 ACR: 3.186 mean: 0.828 median: 0.709 low: -3.247 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.337 | |
| Price To Book QoQ | 4.783 % | |
| Price To Book YoY | 39.683 % | |
| Price To Book IPRWA | high: 7.182 median: 4.285 mean: 3.958 ACR: 0.337 low: -2.853 |
|
| Price To Earnings (P/E) | -182.871 | |
| Price To Earnings QoQ | 722.335 % | |
| Price To Earnings YoY | -804.115 % | |
| Price To Earnings IPRWA | high: 419.789 median: 102.729 mean: 98.59 ACR: -182.871 low: -315.506 |
|
| PE/G Ratio | 2.069 | |
| Price To Sales (P/S) | 6.551 | |
| Price To Sales QoQ | -19.463 % | |
| Price To Sales YoY | 31.016 % | |
| Price To Sales IPRWA | high: 56.407 mean: 19.357 median: 11.644 ACR: 6.551 low: -20.267 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 38.735 | |
| Forward PE/G | -0.438 | |
| Forward P/S | 33.856 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.012 | |
| Asset Turnover Ratio QoQ | 30.893 % | |
| Asset Turnover Ratio YoY | 22.952 % | |
| Asset Turnover Ratio IPRWA | high: 0.591 mean: 0.195 median: 0.117 ACR: 0.012 low: -0.002 |
|
| Receivables Turnover | 1.246 | |
| Receivables Turnover Ratio QoQ | 12.382 % | |
| Receivables Turnover Ratio YoY | -27.236 % | |
| Receivables Turnover Ratio IPRWA | high: 26.371 mean: 3.51 median: 3.078 ACR: 1.246 low: -0.296 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 73.209 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.002 | |
| CapEx To Depreciation | -0.019 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.7 B | |
| Net Invested Capital | $ 1.7 B | |
| Invested Capital | $ 1.7 B | |
| Net Tangible Assets | $ 418.6 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.515 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.861 | |
| Dividend Payout Ratio | 1.161 | |
| Dividend Rate | $ 0.71 | |
| Dividend Yield | 0.037 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.155 % | |
| Revenue Growth | 28.65 % | |
| Revenue Growth QoQ | -169.463 % | |
| Revenue Growth YoY | -292.217 % | |
| Revenue Growth IPRWA | high: 52.762 % ACR: 28.65 % mean: 10.68 % median: 9.473 % low: -51.859 % |
|
| Earnings Growth | -88.372 % | |
| Earnings Growth QoQ | -68.344 % | |
| Earnings Growth YoY | -140.399 % | |
| Earnings Growth IPRWA | high: 154.545 % median: -2.439 % mean: -36.076 % ACR: -88.372 % low: -350.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 11.7 M | |
| Free Cash Flow Yield | 8.176 % | |
| Free Cash Flow Yield QoQ | -344.864 % | |
| Free Cash Flow Yield YoY | 24.482 % | |
| Free Cash Flow Yield IPRWA | high: 13.37 % ACR: 8.176 % mean: 0.213 % median: 0.01 % low: -46.283 % |
|
| Free Cash Growth | -353.681 % | |
| Free Cash Growth QoQ | -50.189 % | |
| Free Cash Growth YoY | -433.105 % | |
| Free Cash Growth IPRWA | high: 248.718 % median: -97.213 % mean: -108.443 % ACR: -353.681 % low: -390.106 % |
|
| Free Cash To Net Income | 2.575 | |
| Cash Flow Margin | 39.373 % | |
| Cash Flow To Earnings | 1.893 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.253 % | |
| Return On Assets QoQ | -943.333 % | |
| Return On Assets YoY | -17.049 % | |
| Return On Assets IPRWA | high: 2.964 % mean: 0.389 % ACR: 0.253 % median: 0.208 % low: -4.613 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.011 | |
| Return On Equity QoQ | -942.52 % | |
| Return On Equity YoY | -28.091 % | |
| Return On Equity IPRWA | high: 0.055 mean: 0.011 ACR: 0.011 median: 0.004 low: -0.165 |
|
| DuPont ROE | 1.064 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |