Recent News
Feb 17, 2026 — Company issued guidance for Q1 2026 revenue in a $165M–$180M range. Jan 26, 2026 — Appointment of Tom Smelker as President of Connectivity Solutions became effective. Jan 30, 2026 — Regular quarterly cash dividend paid on Class A and B shares. Late Nov 2025 (reported in filings) — Company expects to record a pre‑tax impairment charge up to $14M related to a minority stake in an insolvency-proceeded e‑mobility partner. Mar 4, 2026 — Short interest reported lower, with a noted decline of 14.7% in February data. Mar 5, 2026 — Company completed purchase of the dataMate ethernet business for $16M (transaction announcement reported in early March).
Technical Analysis
Directional indicators show emerging strength: ADX at 26.15 signals a strong trend environment; DI+ at 19.1 is increasing (bullish) while DI- at 24.62 shows a peak & reversal (bullish). Together, directional indicators favor upside pressure relative to the current valuation.
MACD sits at -2.68 with a dip & reversal trend, indicating bullish momentum recovery; MACD remains below its signal line (-0.74), so momentum has resumed but lacks a confirmed bullish crossover.
Price structure aligns with a consolidation-and-recovery pattern. Last close $205.74 trades essentially at the 20‑day average ($205.60), below the 50‑day average ($210.29) and well above the 200‑day average ($153.57). The 12‑day EMA shows a dip & reversal, consistent with a short pullback that has begun to recover. Bollinger 1x bands run roughly $193–$218, placing the market near the mid‑band; the superTrend upper at $213.73 marks nearby overhead resistance.
MRO at 12.88 is positive, indicating price currently sits above the WMDST target and therefore carries mean‑reversion pressure; the MRO trend shows a dip & reversal, meaning that above‑target pressure recently strengthened and could temper upside without follow‑through momentum.
RSI at 54.82 with a decreasing trend signals momentum cooling inside the neutral band rather than an overbought condition, leaving room for further directional confirmation before a sustained breakout.
Trading activity complements the technical picture: volume of 242,915 stands above the 10‑day and 50‑day averages, implying higher participation on recent moves. Short‑term sensitivity remains elevated (42‑day beta 1.79), so price may amplify market moves while the trend consolidates.
Fundamental Analysis
Profitability: Gross margin registers at 39.43% and operating margin at 16.36%; EBIT margin equals 7.13%. EBIT margin improved year‑over‑year by +4.72% but declined quarter‑over‑quarter by -59.68%. The company’s EBIT margin sits below the industry peer mean (18.92%) and below the industry peer median (20.96%), indicating room for margin catch‑up versus peers.
Earnings per share came in at $1.98 versus an estimate of $1.66, an EPS surprise of +$0.32 or +19.28%. Reported net income shows a negative $5.45M on the period line, while continuing‑operations income reads $6.44M; reconcilement items appear in the reported figures but the EPS beat and surprise ratio reflect stronger per‑share results versus consensus.
Cash and liquidity stand out: cash and short‑term investments total $57.8M; current ratio equals 3.02, above the industry peer mean current ratio of 2.23 and above the industry peer median of 2.25. Free cash flow reached $26.14M, with a free cash flow yield of 1.09%, which exceeds the industry peer mean of 0.83%. Operating cash flow measured $29.57M and operating cash conversion metrics remain positive.
Leverage and coverage: total debt sits at $221.40M with net debt $139.7M. Debt‑to‑assets stands at 23.67%, slightly below the industry peer mean of 27.63%; debt‑to‑equity equals 0.52, below the industry peer mean of 0.68. Interest coverage registers 4.21x, providing coverage but signaling sensitivity to profit volatility. Debt‑to‑EBITDA reads 11.53x.
Growth and efficiency: Revenue totaled $175.94M for the period with reported revenue growth YoY at -1.70% and QoQ showing a material sequential decline; asset turnover equals 0.186, roughly in line with the industry peer mean of 0.194. Days inventory outstanding sits at 141 days while days sales outstanding equals 64 days; the cash conversion cycle of ~160 days exceeds the industry peer mean but improved slightly YoY.
Valuation: P/E stands at 95.49 with forward P/E ~71.74; price‑to‑book equals 5.62 (slightly above the industry peer median of 5.43 but below the industry peer mean of 7.24). Price‑to‑sales equals 13.60, below the industry peer mean of 18.42. WMDST values the stock as under‑valued given the combination of cash generation, strong current ratio, and the present valuation multiples relative to selected peer averages.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-17 |
| NEXT REPORT DATE: | 2026-05-19 |
| CASH FLOW | Begin Period Cash Flow | $ 57.7 M |
| Operating Cash Flow | $ 29.6 M | |
| Capital Expenditures | $ -3.42 M | |
| Change In Working Capital | $ 227.0 K | |
| Dividends Paid | $ -971.00 K | |
| Cash Flow Delta | $ 57.0 K | |
| End Period Cash Flow | $ 57.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 175.9 M | |
| Forward Revenue | $ -223.58 M | |
| COSTS | ||
| Cost Of Revenue | $ 106.6 M | |
| Depreciation | $ 6.7 M | |
| Depreciation and Amortization | $ 6.7 M | |
| Research and Development | $ 8.0 M | |
| Total Operating Expenses | $ 147.2 M | |
| PROFITABILITY | ||
| Gross Profit | $ 69.4 M | |
| EBITDA | $ 19.2 M | |
| EBIT | $ 12.5 M | |
| Operating Income | $ 28.8 M | |
| Interest Income | $ 258.0 K | |
| Interest Expense | $ 3.0 M | |
| Net Interest Income | $ -2.72 M | |
| Income Before Tax | $ 9.6 M | |
| Tax Provision | $ 3.1 M | |
| Tax Rate | 32.647 % | |
| Net Income | $ -5.45 M | |
| Net Income From Continuing Operations | $ 6.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.66 | |
| EPS Actual | $ 1.98 | |
| EPS Difference | $ 0.32 | |
| EPS Surprise | 19.277 % | |
| Forward EPS | $ 2.19 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 935.2 M | |
| Intangible Assets | $ 432.8 M | |
| Net Tangible Assets | $ -7.27 M | |
| Total Current Assets | $ 384.8 M | |
| Cash and Short-Term Investments | $ 57.8 M | |
| Cash | $ 57.8 M | |
| Net Receivables | $ 121.5 M | |
| Inventory | $ 167.3 M | |
| Long-Term Investments | $ 33.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 53.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 127.4 M | |
| Net Debt | $ 139.7 M | |
| Total Debt | $ 221.4 M | |
| Total Liabilities | $ 416.5 M | |
| EQUITY | ||
| Total Equity | $ 425.5 M | |
| Retained Earnings | $ 403.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 33.61 | |
| Shares Outstanding | 12.659 M | |
| Revenue Per-Share | $ 13.90 | |
| VALUATION | Market Capitalization | $ 2.4 B |
| Enterprise Value | $ 2.6 B | |
| Enterprise Multiple | 133.207 | |
| Enterprise Multiple QoQ | 164.166 % | |
| Enterprise Multiple YoY | 68.12 % | |
| Enterprise Multiple IPRWA | high: 264.455 BELFB: 133.207 median: 78.533 mean: 76.555 low: -72.548 |
|
| EV/R | 14.533 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.198 | |
| Asset To Liability | 2.245 | |
| Debt To Capital | 0.342 | |
| Debt To Assets | 0.237 | |
| Debt To Assets QoQ | -9.576 % | |
| Debt To Assets YoY | -29.338 % | |
| Debt To Assets IPRWA | high: 0.918 mean: 0.276 median: 0.27 BELFB: 0.237 low: 0.001 |
|
| Debt To Equity | 0.52 | |
| Debt To Equity QoQ | -10.781 % | |
| Debt To Equity YoY | -41.043 % | |
| Debt To Equity IPRWA | high: 1.927 mean: 0.678 median: 0.641 BELFB: 0.52 low: -0.744 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.625 | |
| Price To Book QoQ | 38.367 % | |
| Price To Book YoY | 100.673 % | |
| Price To Book IPRWA | high: 12.718 mean: 7.237 BELFB: 5.625 median: 5.432 low: -0.559 |
|
| Price To Earnings (P/E) | 95.488 | |
| Price To Earnings QoQ | 20.989 % | |
| Price To Earnings YoY | 81.389 % | |
| Price To Earnings IPRWA | high: 338.434 mean: 110.926 median: 106.869 BELFB: 95.488 low: -239.759 |
|
| PE/G Ratio | 6.923 | |
| Price To Sales (P/S) | 13.603 | |
| Price To Sales QoQ | 40.02 % | |
| Price To Sales YoY | 101.71 % | |
| Price To Sales IPRWA | high: 33.138 mean: 18.418 median: 17.83 BELFB: 13.603 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 71.735 | |
| Forward PE/G | 5.201 | |
| Forward P/S | -10.704 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 35.514 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.186 | |
| Asset Turnover Ratio QoQ | -0.904 % | |
| Asset Turnover Ratio YoY | -4.602 % | |
| Asset Turnover Ratio IPRWA | high: 0.529 mean: 0.194 BELFB: 0.186 median: 0.184 low: 0.002 |
|
| Receivables Turnover | 1.422 | |
| Receivables Turnover Ratio QoQ | -1.799 % | |
| Receivables Turnover Ratio YoY | -11.117 % | |
| Receivables Turnover Ratio IPRWA | high: 2.671 mean: 1.499 BELFB: 1.422 median: 1.422 low: 0.381 |
|
| Inventory Turnover | 0.639 | |
| Inventory Turnover Ratio QoQ | -1.961 % | |
| Inventory Turnover Ratio YoY | -2.3 % | |
| Inventory Turnover Ratio IPRWA | high: 2.498 median: 1.116 mean: 1.055 BELFB: 0.639 low: 0.172 |
|
| Days Sales Outstanding (DSO) | 64.182 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 159.871 | |
| Cash Conversion Cycle Days QoQ | -1.031 % | |
| Cash Conversion Cycle Days YoY | -7.36 % | |
| Cash Conversion Cycle Days IPRWA | high: 299.512 BELFB: 159.871 mean: 100.212 median: 84.663 low: 19.926 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.684 | |
| CapEx To Revenue | -0.019 | |
| CapEx To Depreciation | -0.514 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 623.0 M | |
| Net Invested Capital | $ 623.0 M | |
| Invested Capital | $ 623.0 M | |
| Net Tangible Assets | $ -7.27 M | |
| Net Working Capital | $ 257.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.454 | |
| Current Ratio | 3.019 | |
| Current Ratio QoQ | -1.288 % | |
| Current Ratio YoY | 3.511 % | |
| Current Ratio IPRWA | high: 6.332 BELFB: 3.019 median: 2.252 mean: 2.234 low: 0.51 |
|
| Quick Ratio | 1.707 | |
| Quick Ratio QoQ | -2.37 % | |
| Quick Ratio YoY | 3.015 % | |
| Quick Ratio IPRWA | high: 4.743 BELFB: 1.707 mean: 1.693 median: 1.519 low: 0.423 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 11.534 | |
| Cost Of Debt | 0.851 % | |
| Interest Coverage Ratio | 4.213 | |
| Interest Coverage Ratio QoQ | -51.65 % | |
| Interest Coverage Ratio YoY | 16.281 % | |
| Interest Coverage Ratio IPRWA | high: 48.5 median: 13.712 mean: 13.204 BELFB: 4.213 low: -31.892 |
|
| Operating Cash Flow Ratio | 0.026 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 45.358 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -5.612 | |
| Dividend Payout Ratio | -0.178 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.848 % | |
| Revenue Growth | -1.7 % | |
| Revenue Growth QoQ | -126.789 % | |
| Revenue Growth YoY | -108.016 % | |
| Revenue Growth IPRWA | high: 24.001 % mean: 4.572 % median: 3.949 % BELFB: -1.7 % low: -17.044 % |
|
| Earnings Growth | 13.793 % | |
| Earnings Growth QoQ | 229.031 % | |
| Earnings Growth YoY | -74.713 % | |
| Earnings Growth IPRWA | high: 157.143 % BELFB: 13.793 % median: 4.301 % mean: 2.719 % low: -153.846 % |
|
| MARGINS | ||
| Gross Margin | 39.432 % | |
| Gross Margin QoQ | -0.793 % | |
| Gross Margin YoY | 5.132 % | |
| Gross Margin IPRWA | high: 87.538 % BELFB: 39.432 % mean: 38.668 % median: 37.246 % low: -3.321 % |
|
| EBIT Margin | 7.127 % | |
| EBIT Margin QoQ | -59.675 % | |
| EBIT Margin YoY | 4.716 % | |
| EBIT Margin IPRWA | high: 41.05 % median: 20.963 % mean: 18.917 % BELFB: 7.127 % low: -55.59 % |
|
| Return On Sales (ROS) | 16.359 % | |
| Return On Sales QoQ | -4.895 % | |
| Return On Sales YoY | 140.361 % | |
| Return On Sales IPRWA | high: 41.836 % mean: 18.423 % BELFB: 16.359 % median: 15.943 % low: -29.815 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 26.1 M | |
| Free Cash Flow Yield | 1.092 % | |
| Free Cash Flow Yield QoQ | -6.587 % | |
| Free Cash Flow Yield YoY | 415.094 % | |
| Free Cash Flow Yield IPRWA | high: 4.766 % BELFB: 1.092 % median: 0.861 % mean: 0.829 % low: -5.254 % |
|
| Free Cash Growth | 28.661 % | |
| Free Cash Growth QoQ | 36.273 % | |
| Free Cash Growth YoY | -131.503 % | |
| Free Cash Growth IPRWA | high: 99.057 % BELFB: 28.661 % median: 21.004 % mean: -6.507 % low: -395.065 % |
|
| Free Cash To Net Income | -4.798 | |
| Cash Flow Margin | 1.897 % | |
| Cash Flow To Earnings | -0.612 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -0.577 % | |
| Return On Assets QoQ | -124.679 % | |
| Return On Assets YoY | 145.532 % | |
| Return On Assets IPRWA | high: 8.472 % median: 2.962 % mean: 2.476 % BELFB: -0.577 % low: -7.977 % |
|
| Return On Capital Employed (ROCE) | 1.552 % | |
| Return On Equity (ROE) | -0.013 | |
| Return On Equity QoQ | -124.625 % | |
| Return On Equity YoY | 156.713 % | |
| Return On Equity IPRWA | high: 0.198 mean: 0.061 median: 0.058 BELFB: -0.013 low: -0.139 |
|
| DuPont ROE | -1.277 % | |
| Return On Invested Capital (ROIC) | 1.356 % | |
| Return On Invested Capital QoQ | -65.186 % | |
| Return On Invested Capital YoY | -61.996 % | |
| Return On Invested Capital IPRWA | high: 9.312 % mean: 3.365 % median: 3.298 % BELFB: 1.356 % low: -9.184 % |
|