Recent News
October 29 — Analysts revised the average one-year price target higher to $43.21 per share. October 26 — Several brokerages published a consensus “Hold”/“Market Perform” view amid mixed analyst actions. November 27 — Board committee responsibilities changed with appointments effective December 1. November 28 / December 1 — Scotiabank raised FY2025 EPS forecasts modestly and published a $47.00 price target in updated coverage.
Technical Analysis
Directional indicators show conflicting signals: DI+ at 27.74 with an increasing trend signals bullish directional strength, while DI- at 24.09 has completed a dip & reversal, a bearish development. ADX at 11.14 indicates no established trend, so these opposing directional moves point toward range-bound action rather than a sustained breakout.
MACD sits at 0.49 with the signal line at 0.36, so the oscillator currently trades above its signal line — a bullish sign — but the MACD trend reads as a peak & reversal, indicating bearish momentum building despite the current cross position.
MRO registers 15.07 with an increasing trend, meaning price trades above the model target and the oscillator’s rise implies growing pressure for a correction toward that target over time.
RSI at 54.95 shows a peak & reversal pattern, suggesting recent momentum topped and a pullback probability increased relative to the immediate run-up.
Price relationships favor the bulls on multiple timeframes: close at $42.21 sits above the 12-day EMA ($41.35) and above the 20/50-day averages (both $40.88), while the 200-day average remains well below at $29.34, supporting the longer-term constructive bias. Price trades near the upper 1x Bollinger band ($42.68), implying limited upside room without a volatility expansion. Super trend support sits at $38.67.
Volume at 2.90 million roughly matches the 10-day average and sits below the 50/200-day averages, indicating current moves lack broad participation compared with longer-term activity.
Fundamental Analysis
Valuation metrics: P/B equals $3.08, which sits slightly below the industry peer mean of $3.32 and above the industry peer median of $2.85; forward P/E equals 47.50, well below the industry peer mean of 122.25 and below the industry peer median of 100.64. WMDST values the stock as fair-valued.
Liquidity and capital structure show available cash of $1.0665 billion and a cash ratio of 96.60%, supporting near-term obligations. The current ratio stands at 1.89 after a QoQ improvement of +65.61% and a YoY improvement of +50.44%, reflecting meaningful short-term liquidity gains.
Leverage: total debt equals $2.5538 billion with net debt of $1.0549 billion; debt-to-assets equals 23.52% and debt-to-equity equals 41.98%. Both debt-to-assets and debt-to-equity rose sharply on a reported QoQ basis (+231.74% and +203.68%, respectively) and on a YoY basis (+231.83% and +222.28%, respectively), indicating recent balance-sheet shifts that warrant monitoring for funding flexibility.
Operating cash flow reported at $0 and an operating cash flow ratio of 0.0 present a notable mismatch against reported cash balances and adjusted free cash inflow in recent company releases; this dynamic constrains near-term cash conversion narrative despite on-paper liquidity.
Top-line and profitability: revenue growth registers -1.41% year-over-year, below the industry peer mean of +7.68% but inside the industry peer range. Book value per share equals $6.80; shares outstanding total 895,024,247, producing a market capitalization near $18.71 billion.
Brief valuation view: WMDST’s fair-valued assessment aligns with a premium-to-book but moderate forward earnings multiple relative to the peer mean; strong reported cash balances counterbalanced by zero operating cash flow and rising leverage create a neutral fundamental footing for the near term.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-05-22 |
| NEXT REPORT DATE: | 2025-08-21 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | $ 0.00 | |
| Capital Expenditures | — | |
| Change In Working Capital | — | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | — | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | — | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | — | |
| Net Income From Continuing Operations | — | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ 0.48 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.9 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 6.1 B | |
| Total Current Assets | $ 2.1 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 1.1 B | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | $ 555.3 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.1 B | |
| Net Debt | $ 1.1 B | |
| Total Debt | $ 2.6 B | |
| Total Liabilities | $ 4.6 B | |
| EQUITY | ||
| Total Equity | $ 6.1 B | |
| Retained Earnings | $ 4.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 6.80 | |
| Shares Outstanding | 895.024 M | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | $ 18.7 B |
| Enterprise Value | $ 20.2 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.785 | |
| Asset To Liability | 2.355 | |
| Debt To Capital | 0.296 | |
| Debt To Assets | 0.235 | |
| Debt To Assets QoQ | 231.735 % | |
| Debt To Assets YoY | 231.828 % | |
| Debt To Assets IPRWA | high: 0.317 GFI: 0.235 mean: 0.077 median: 0.023 low: 0.001 |
|
| Debt To Equity | 0.42 | |
| Debt To Equity QoQ | 203.675 % | |
| Debt To Equity YoY | 222.277 % | |
| Debt To Equity IPRWA | high: 1.062 GFI: 0.42 mean: 0.204 median: 0.033 low: 0.001 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.075 | |
| Price To Book QoQ | 9.742 % | |
| Price To Book YoY | -0.249 % | |
| Price To Book IPRWA | high: 5.775 mean: 3.318 GFI: 3.075 median: 2.848 low: -0.033 |
|
| 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) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | 47.504 | |
| Forward PE/G | — | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | — | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | — | |
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 51.606 median: 51.551 mean: 49.679 low: 18.16 GFI: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 8.2 B | |
| Net Invested Capital | $ 8.2 B | |
| Invested Capital | $ 8.2 B | |
| Net Tangible Assets | $ 6.1 B | |
| Net Working Capital | $ 978.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.966 | |
| Current Ratio | 1.886 | |
| Current Ratio QoQ | 65.609 % | |
| Current Ratio YoY | 50.441 % | |
| Current Ratio IPRWA | high: 7.376 mean: 3.774 median: 2.889 GFI: 1.886 low: 0.391 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.311 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | 0.0 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 7.052 % | |
| Revenue Growth | -1.408 % | |
| Revenue Growth QoQ | -0.0 % | |
| Revenue Growth YoY | -0.0 % | |
| Revenue Growth IPRWA | high: 36.972 % mean: 7.679 % median: 6.974 % GFI: -1.408 % low: -12.304 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| 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) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | — | |
| Cash Flow To Earnings | — | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | — | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | — | |
| Return On Assets IPRWA | — | |
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | — | |
| Return On Equity QoQ | — | |
| Return On Equity YoY | — | |
| Return On Equity IPRWA | — | |
| DuPont ROE | — | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |