Technical Analysis
ADX and Directional Indicators. ADX at 14.6 indicates no dominant trend; directional readings show mixed pressure: DI+ displays a dip & reversal, signaling a recent bullish re-assertion, while DI- currently increases, representing concurrent bearish pressure. Together, these readings suggest short-term directional battle rather than a sustained trend, which keeps near-term upside contingent on DI+ holding its reversal advantage.
MACD. MACD exhibits a dip & reversal that implies momentum recovery, but the MACD level (1.51) remains below the signal line (1.87). Momentum appears to be improving but lacks confirmation until the MACD crosses above the signal line; that confirmation would strengthen the case for continued upward short-term movement.
MRO (Momentum/Regression Oscillator). MRO sits at -5.2 and shows an increasing trend. The negative MRO indicates price below target and therefore potential upward pressure; the increasing trend points toward diminishing downside bias and supports the tentative momentum rebound noted above.
RSI. RSI at 54.67 with a dip & reversal indicates renewed buying momentum without overbought extremes, which aligns with a scenario where price can extend modest gains while momentum consolidates above neutral territory.
Price vs. Moving Averages and Bands. Closing price $157.13 trades above the 200-day average ($136.75) and slightly above the 20-day average ($152.44), with the 12-day EMA showing a dip & reversal. Price sits just above the 1x Bollinger upper band ($155.31), implying short-term strength but a raised probability of mean reversion if momentum fails to follow through. Ichimoku lines (Tenkan $154.62, Kijun $152.81) sit below price, providing short-term dynamic support for continuation scenarios.
Fundamental Analysis
Profitability and margins. EBIT of $52,078,000 yields an EBIT margin of 4.92%, below the industry peer mean and median margins. Operating margin equals 5.02% and shows a quarter-over-quarter decline of 4.67% but a year-over-year increase of 3.38%. Gross margin stands at 9.90% with a year-over-year contraction of 3.62%.
Earnings and estimates. Reported EPS of $2.14 exceeded the estimate of $1.86, producing a surprise of about 15.1%. Forward EPS sits at $2.05 with a forward P/E of 69.78. Earnings growth reads 12.63% in one series while year-over-year earnings growth shows a decline of 54.21%; quarterly and annual growth metrics present contrasting signals that warrant monitoring across the next reports.
Cash generation and balance sheet. Free cash flow registered $97.2 million, producing a free cash flow yield of 2.59%, above the industry peer mean. Operating cash flow reached $132.0 million and cash and short-term investments total $306.5 million. Current ratio 1.58 and quick ratio 0.77 indicate adequate near-term liquidity given low leverage: total debt $167.2 million against total equity $1,454.6 million.
Working capital and efficiency. Cash conversion cycle stands at 109.7 days, slightly below the industry peer mean, with days inventory outstanding at 125.1 and receivables turnover at 1.60. Asset turnover equals 0.339, above the industry peer mean, which supports revenue conversion despite inventory intensity.
Capital structure and coverage. Debt-to-assets sits at 5.33% and debt-to-equity at 11.50%, while interest coverage near 21.6x signals strong ability to service debt. Return on equity rounds to 3.54% and return on assets to 1.65%, reflecting modest returns given the capital base.
Valuation context. EVR at 3.42 and an enterprise multiple of 50.69 present mixed valuation cues; P/E stands at 65.43 while price-to-book equals 2.58. WMDST values the stock as under-valued. That valuation, combined with above-average free cash flow yield relative to peers and an EPS beat, frames a fundamental case for recovery, though margins and YoY revenue and earnings dynamics require continued improvement to validate a higher valuation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-22 |
| NEXT REPORT DATE: | 2026-01-21 |
| CASH FLOW | Begin Period Cash Flow | $ 237.6 M |
| Operating Cash Flow | $ 132.0 M | |
| Capital Expenditures | $ -34.82 M | |
| Change In Working Capital | $ 68.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 69.1 M | |
| End Period Cash Flow | $ 306.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.1 B | |
| Forward Revenue | $ 282.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 953.6 M | |
| Depreciation | $ 19.3 M | |
| Depreciation and Amortization | $ 19.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.0 B | |
| PROFITABILITY | ||
| Gross Profit | $ 104.8 M | |
| EBITDA | $ 71.4 M | |
| EBIT | $ 52.1 M | |
| Operating Income | $ 53.1 M | |
| Interest Income | $ 883.0 K | |
| Interest Expense | $ 2.4 M | |
| Net Interest Income | $ -1.53 M | |
| Income Before Tax | $ 49.7 M | |
| Tax Provision | $ -1.76 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 51.4 M | |
| Net Income From Continuing Operations | $ 51.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.86 | |
| EPS Actual | $ 2.14 | |
| EPS Difference | $ 0.28 | |
| EPS Surprise | 15.054 % | |
| Forward EPS | $ 2.05 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.1 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 1.5 B | |
| Total Current Assets | $ 2.4 B | |
| Cash and Short-Term Investments | $ 306.5 M | |
| Cash | $ 306.5 M | |
| Net Receivables | $ 656.6 M | |
| Inventory | $ 1.2 B | |
| Long-Term Investments | $ 28.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 726.6 M | |
| Short-Term Debt | $ 45.8 M | |
| Total Current Liabilities | $ 1.5 B | |
| Net Debt | — | |
| Total Debt | $ 167.2 M | |
| Total Liabilities | $ 1.7 B | |
| EQUITY | ||
| Total Equity | $ 1.5 B | |
| Retained Earnings | $ 2.0 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 54.22 | |
| Shares Outstanding | 26.828 M | |
| Revenue Per-Share | $ 39.45 | |
| VALUATION | Market Capitalization | $ 3.8 B |
| Enterprise Value | $ 3.6 B | |
| Enterprise Multiple | 50.692 | |
| Enterprise Multiple QoQ | 3.816 % | |
| Enterprise Multiple YoY | 9.196 % | |
| Enterprise Multiple IPRWA | high: 230.414 median: 74.716 mean: 59.456 PLXS: 50.692 low: -236.709 |
|
| EV/R | 3.418 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.157 | |
| Asset To Liability | 1.865 | |
| Debt To Capital | 0.103 | |
| Debt To Assets | 0.053 | |
| Debt To Assets QoQ | -4.906 % | |
| Debt To Assets YoY | 6.856 % | |
| Debt To Assets IPRWA | high: 0.788 median: 0.28 mean: 0.232 PLXS: 0.053 low: 0.002 |
|
| Debt To Equity | 0.115 | |
| Debt To Equity QoQ | -6.293 % | |
| Debt To Equity YoY | -3.2 % | |
| Debt To Equity IPRWA | high: 1.475 median: 0.601 mean: 0.478 PLXS: 0.115 low: -0.674 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.583 | |
| Price To Book QoQ | 2.509 % | |
| Price To Book YoY | -1.246 % | |
| Price To Book IPRWA | high: 15.545 mean: 7.36 median: 6.409 PLXS: 2.583 low: -8.049 |
|
| Price To Earnings (P/E) | 65.433 | |
| Price To Earnings QoQ | -6.716 % | |
| Price To Earnings YoY | -5.239 % | |
| Price To Earnings IPRWA | high: 383.521 median: 124.306 mean: 100.789 PLXS: 65.433 low: -251.079 |
|
| PE/G Ratio | 5.18 | |
| Price To Sales (P/S) | 3.549 | |
| Price To Sales QoQ | 1.097 % | |
| Price To Sales YoY | 7.628 % | |
| Price To Sales IPRWA | high: 84.038 median: 20.662 mean: 17.87 PLXS: 3.549 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 69.784 | |
| Forward PE/G | 5.524 | |
| Forward P/S | 13.958 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.126 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.339 | |
| Asset Turnover Ratio QoQ | 3.08 % | |
| Asset Turnover Ratio YoY | 2.065 % | |
| Asset Turnover Ratio IPRWA | high: 0.503 PLXS: 0.339 median: 0.235 mean: 0.202 low: 0.001 |
|
| Receivables Turnover | 1.603 | |
| Receivables Turnover Ratio QoQ | 0.228 % | |
| Receivables Turnover Ratio YoY | -3.376 % | |
| Receivables Turnover Ratio IPRWA | high: 3.347 PLXS: 1.603 mean: 1.457 median: 1.405 low: 0.271 |
|
| Inventory Turnover | 0.76 | |
| Inventory Turnover Ratio QoQ | 6.315 % | |
| Inventory Turnover Ratio YoY | 10.747 % | |
| Inventory Turnover Ratio IPRWA | high: 2.365 median: 1.192 mean: 1.048 PLXS: 0.76 low: 0.134 |
|
| Days Sales Outstanding (DSO) | 56.909 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 109.723 | |
| Cash Conversion Cycle Days QoQ | -6.077 % | |
| Cash Conversion Cycle Days YoY | -19.584 % | |
| Cash Conversion Cycle Days IPRWA | high: 384.751 mean: 115.484 PLXS: 109.723 median: 85.242 low: -90.357 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.203 | |
| CapEx To Revenue | -0.033 | |
| CapEx To Depreciation | -1.806 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.5 B | |
| Net Invested Capital | $ 1.6 B | |
| Invested Capital | $ 1.6 B | |
| Net Tangible Assets | $ 1.5 B | |
| Net Working Capital | $ 880.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.202 | |
| Current Ratio | 1.58 | |
| Current Ratio QoQ | 0.0 % | |
| Current Ratio YoY | 4.782 % | |
| Current Ratio IPRWA | high: 11.805 mean: 2.658 median: 2.07 PLXS: 1.58 low: 0.373 |
|
| Quick Ratio | 0.77 | |
| Quick Ratio QoQ | 4.512 % | |
| Quick Ratio YoY | 8.506 % | |
| Quick Ratio IPRWA | high: 9.468 mean: 2.126 median: 1.518 PLXS: 0.77 low: 0.295 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.343 | |
| Cost Of Debt | 1.087 % | |
| Interest Coverage Ratio | 21.582 | |
| Interest Coverage Ratio QoQ | 3.134 % | |
| Interest Coverage Ratio YoY | 136.05 % | |
| Interest Coverage Ratio IPRWA | high: 88.732 PLXS: 21.582 median: 16.382 mean: 13.44 low: -113.26 |
|
| Operating Cash Flow Ratio | 0.086 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 72.244 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.014 % | |
| Revenue Growth | 3.934 % | |
| Revenue Growth QoQ | 1.105 % | |
| Revenue Growth YoY | -57.921 % | |
| Revenue Growth IPRWA | high: 79.411 % median: 8.11 % mean: 6.392 % PLXS: 3.934 % low: -44.732 % |
|
| Earnings Growth | 12.632 % | |
| Earnings Growth QoQ | -12.63 % | |
| Earnings Growth YoY | -54.209 % | |
| Earnings Growth IPRWA | high: 164.706 % median: 14.815 % PLXS: 12.632 % mean: 8.76 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 9.9 % | |
| Gross Margin QoQ | -2.396 % | |
| Gross Margin YoY | -3.621 % | |
| Gross Margin IPRWA | high: 97.907 % mean: 41.282 % median: 38.088 % PLXS: 9.9 % low: -43.101 % |
|
| EBIT Margin | 4.921 % | |
| EBIT Margin QoQ | -4.261 % | |
| EBIT Margin YoY | 1.38 % | |
| EBIT Margin IPRWA | high: 44.499 % median: 19.896 % mean: 17.862 % PLXS: 4.921 % low: -228.471 % |
|
| Return On Sales (ROS) | 5.018 % | |
| Return On Sales QoQ | -4.673 % | |
| Return On Sales YoY | 3.379 % | |
| Return On Sales IPRWA | high: 44.617 % median: 18.276 % mean: 17.417 % PLXS: 5.018 % low: -228.471 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 97.2 M | |
| Free Cash Flow Yield | 2.587 % | |
| Free Cash Flow Yield QoQ | 602.989 % | |
| Free Cash Flow Yield YoY | -53.754 % | |
| Free Cash Flow Yield IPRWA | high: 2.804 % PLXS: 2.587 % median: 0.858 % mean: 0.417 % low: -13.716 % |
|
| Free Cash Growth | 638.115 % | |
| Free Cash Growth QoQ | -3263.684 % | |
| Free Cash Growth YoY | 816.121 % | |
| Free Cash Growth IPRWA | PLXS: 638.115 % high: 288.449 % median: 8.386 % mean: -19.366 % low: -351.784 % |
|
| Free Cash To Net Income | 1.89 | |
| Cash Flow Margin | 12.32 % | |
| Cash Flow To Earnings | 2.535 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.648 % | |
| Return On Assets QoQ | 13.109 % | |
| Return On Assets YoY | 26.477 % | |
| Return On Assets IPRWA | high: 6.668 % mean: 2.594 % median: 2.338 % PLXS: 1.648 % low: -24.617 % |
|
| Return On Capital Employed (ROCE) | 3.218 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | 11.23 % | |
| Return On Equity YoY | 13.661 % | |
| Return On Equity IPRWA | high: 0.289 mean: 0.059 median: 0.059 PLXS: 0.035 low: -0.264 |
|
| DuPont ROE | 3.579 % | |
| Return On Invested Capital (ROIC) | 2.584 % | |
| Return On Invested Capital QoQ | -14.804 % | |
| Return On Invested Capital YoY | -110.484 % | |
| Return On Invested Capital IPRWA | high: 9.897 % mean: 3.556 % median: 2.823 % PLXS: 2.584 % low: -14.977 % |
|