Recent News
On March 12, 2026 the company announced corporate developments including the acquisition of certain assets of AmeriCasa Solutions LLC effective November 1, 2025; the filing also notes ongoing share repurchases during 2025 and recent executive changes, including a Chief Financial Officer appointment effective December 18, 2025.
Technical Analysis
ADX at 22.31 indicates an emerging directional strength; this supports the view that recent indicator flips could drive near-term momentum while trend maturity remains limited.
DI+ shows a dip & reversal, which signals a bullish shift; DI- shows a peak & reversal, also signaling bullish pressure as selling intensity declines. The combined directional indicator behavior implies short-term buyers regained control after a prior push by sellers.
MACD sits at -0.32 with a dip & reversal and has crossed above its -0.38 signal line; despite the negative absolute value, that crossover qualifies as a bullish momentum signal that points to improving upside momentum.
MRO at -34.23 with a dip & reversal indicates the price sits below the model target and carries measurable upside potential as momentum normalizes toward fair value.
RSI at 47.08 with a dip & reversal shows momentum recovering from lower levels without overbought pressure, leaving room for additional upside before encountering typical exhaustion thresholds.
Price relationships add context: the $20.13 close trades above the 20-day average ($19.58) but below the 50-day ($20.85) and 200-day ($22.60) averages, indicating near-term strength within a longer-term downtrend; the 12-day EMA trend also shows a dip & reversal consistent with the other short-term momentum signals. Bollinger bands place the stock near the middle of its recent range, with upper targets near $20.08–$20.58 and a lower band near $18.58–$19.08, implying moderate intraday volatility.
Fundamental Analysis
Revenue totaled $38,257,000 with revenue growth of approximately -5.5%. Net income reached $8,193,000 and EBIT totaled $10,811,000, yielding an EBIT margin of 28.26%, which sits above the stated industry peer range high of 18.727% and well above the industry peer mean and median. QoQ margin expanded roughly 17.82%, while YoY margin declined about 16.81%, reflecting recent margin recovery after annual contraction.
EPS came in at $0.37 against an estimate of $0.49, producing a negative EPS surprise of -24.49%, and forward EPS sits at $0.53. The trailing P/E reads 57.31x while forward P/E equals 40.41x; both sit below the stated industry peer mean P/E but remain elevated in absolute terms, reflecting limited near-term earnings relative to market price.
P/B at 0.96x trades below the industry peer mean and median, while book value per share equals $22.15 versus the $20.13 close, supporting the under-valued designation from a balance-sheet standpoint. Free cash flow totaled $15,695,000 producing a free cash flow yield near 3.10%, effectively inline with the industry peer mean free cash flow yield.
Leverage remains minimal: total debt measures $2,539,000 with debt-to-assets roughly 0.44% and debt-to-equity near 0.48%, both well below the industry peer mean. Interest expense stayed negligible and interest coverage remained extremely high. Liquidity metrics show a current ratio of 3.51 and a quick ratio of 2.66, supporting short-term obligations but with a QoQ decline in current ratio of about -38.75%.
Operational efficiency shows headwinds: asset turnover sits at 0.067, below the industry peer mean of 0.275, and inventory turnover declined YoY. Return on equity at 1.55% and return on assets at 1.44% lag industry peer means, indicating the company converts sales and assets into returns at a lower pace despite strong gross margin (51.03%). Cash conversion cycle extended to about 147 days, modestly above the industry peer mean, driven by inventory and payable timing.
WMDST valuation conclusion: high gross margins, strong free cash flow, and a conservative balance sheet underpin the “under-valued” determination, while declining revenue, low asset turnover, and compressed returns explain the muted multiples and elevated trailing P/E.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-03-12 |
| NEXT REPORT DATE: | 2026-06-11 |
| CASH FLOW | Begin Period Cash Flow | $ 13.6 M |
| Operating Cash Flow | $ 19.0 M | |
| Capital Expenditures | $ -3.33 M | |
| Change In Working Capital | $ 10.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -5.07 M | |
| End Period Cash Flow | $ 8.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 38.3 M | |
| Forward Revenue | $ 14.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 18.7 M | |
| Depreciation | $ 579.0 K | |
| Depreciation and Amortization | $ 579.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 28.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 19.5 M | |
| EBITDA | $ 11.4 M | |
| EBIT | $ 10.8 M | |
| Operating Income | $ 10.3 M | |
| Interest Income | $ 147.0 K | |
| Interest Expense | $ 6.0 K | |
| Net Interest Income | $ 141.0 K | |
| Income Before Tax | $ 10.8 M | |
| Tax Provision | $ 2.6 M | |
| Tax Rate | 24.174 % | |
| Net Income | $ 8.2 M | |
| Net Income From Continuing Operations | $ 8.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.49 | |
| EPS Actual | $ 0.37 | |
| EPS Difference | $ -0.12 | |
| EPS Surprise | -24.49 % | |
| Forward EPS | $ 0.53 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 580.3 M | |
| Intangible Assets | $ 7.7 M | |
| Net Tangible Assets | $ 520.9 M | |
| Total Current Assets | $ 164.7 M | |
| Cash and Short-Term Investments | $ 8.5 M | |
| Cash | $ 8.5 M | |
| Net Receivables | $ 5.5 M | |
| Inventory | $ 39.9 M | |
| Long-Term Investments | $ 12.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 6.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 46.9 M | |
| Net Debt | — | |
| Total Debt | $ 2.5 M | |
| Total Liabilities | $ 51.7 M | |
| EQUITY | ||
| Total Equity | $ 528.6 M | |
| Retained Earnings | $ 363.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 22.15 | |
| Shares Outstanding | 23.869 M | |
| Revenue Per-Share | $ 1.60 | |
| VALUATION | Market Capitalization | $ 506.2 M |
| Enterprise Value | $ 500.2 M | |
| Enterprise Multiple | 43.919 | |
| Enterprise Multiple QoQ | -22.115 % | |
| Enterprise Multiple YoY | 34.737 % | |
| Enterprise Multiple IPRWA | high: 70.969 mean: 47.422 LEGH: 43.919 median: 41.797 low: 24.535 |
|
| EV/R | 13.076 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.098 | |
| Asset To Liability | 11.22 | |
| Debt To Capital | 0.005 | |
| Debt To Assets | 0.004 | |
| Debt To Assets QoQ | 143.333 % | |
| Debt To Assets YoY | 67.816 % | |
| Debt To Assets IPRWA | high: 0.48 mean: 0.188 median: 0.162 low: 0.023 LEGH: 0.004 |
|
| Debt To Equity | 0.005 | |
| Debt To Equity QoQ | 150.0 % | |
| Debt To Equity YoY | 69.611 % | |
| Debt To Equity IPRWA | high: 1.397 mean: 0.335 median: 0.234 low: 0.031 LEGH: 0.005 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.958 | |
| Price To Book QoQ | -14.427 % | |
| Price To Book YoY | -23.242 % | |
| Price To Book IPRWA | high: 5.446 mean: 2.44 median: 1.842 LEGH: 0.958 low: 0.571 |
|
| Price To Earnings (P/E) | 57.315 | |
| Price To Earnings QoQ | -17.964 % | |
| Price To Earnings YoY | 32.575 % | |
| Price To Earnings IPRWA | high: 108.946 mean: 62.579 median: 61.858 LEGH: 57.315 low: 29.291 |
|
| PE/G Ratio | 10.031 | |
| Price To Sales (P/S) | 13.231 | |
| Price To Sales QoQ | -8.241 % | |
| Price To Sales YoY | 16.348 % | |
| Price To Sales IPRWA | LEGH: 13.231 high: 10.663 median: 6.418 mean: 6.083 low: 1.481 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.414 | |
| Forward PE/G | 7.073 | |
| Forward P/S | 34.276 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -2.069 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.067 | |
| Asset Turnover Ratio QoQ | -7.842 % | |
| Asset Turnover Ratio YoY | -34.528 % | |
| Asset Turnover Ratio IPRWA | high: 0.457 mean: 0.275 median: 0.237 low: 0.119 LEGH: 0.067 |
|
| Receivables Turnover | 7.566 | |
| Receivables Turnover Ratio QoQ | -17.356 % | |
| Receivables Turnover Ratio YoY | -37.371 % | |
| Receivables Turnover Ratio IPRWA | high: 26.314 mean: 8.179 LEGH: 7.566 median: 5.243 low: 1.652 |
|
| Inventory Turnover | 0.472 | |
| Inventory Turnover Ratio QoQ | -19.761 % | |
| Inventory Turnover Ratio YoY | -52.162 % | |
| Inventory Turnover Ratio IPRWA | high: 2.488 mean: 0.617 LEGH: 0.472 median: 0.264 low: 0.109 |
|
| Days Sales Outstanding (DSO) | 12.061 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 146.639 | |
| Cash Conversion Cycle Days QoQ | 8.573 % | |
| Cash Conversion Cycle Days YoY | 20.886 % | |
| Cash Conversion Cycle Days IPRWA | high: 1046.991 LEGH: 146.639 mean: 138.889 median: 71.791 low: 40.844 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.325 | |
| CapEx To Revenue | -0.087 | |
| CapEx To Depreciation | -5.758 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 529.8 M | |
| Net Invested Capital | $ 529.8 M | |
| Invested Capital | $ 529.8 M | |
| Net Tangible Assets | $ 520.9 M | |
| Net Working Capital | $ 117.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.181 | |
| Current Ratio | 3.514 | |
| Current Ratio QoQ | -38.751 % | |
| Current Ratio YoY | -7.443 % | |
| Current Ratio IPRWA | high: 12.643 median: 12.637 mean: 8.86 LEGH: 3.514 low: 1.667 |
|
| Quick Ratio | 2.663 | |
| Quick Ratio QoQ | -39.759 % | |
| Quick Ratio YoY | 0.505 % | |
| Quick Ratio IPRWA | high: 3.634 median: 2.922 LEGH: 2.663 mean: 2.588 low: 0.345 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.223 | |
| Cost Of Debt | 0.257 % | |
| Interest Coverage Ratio | 1801.833 | |
| Interest Coverage Ratio QoQ | 438.193 % | |
| Interest Coverage Ratio YoY | -70.635 % | |
| Interest Coverage Ratio IPRWA | LEGH: 1801.833 high: 440.679 mean: 47.323 median: 18.756 low: -1.466 |
|
| Operating Cash Flow Ratio | 0.226 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 19.36 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.017 % | |
| Revenue Growth | -5.487 % | |
| Revenue Growth QoQ | -71.576 % | |
| Revenue Growth YoY | -124.482 % | |
| Revenue Growth IPRWA | high: 25.839 % median: 3.937 % LEGH: -5.487 % mean: -5.837 % low: -38.266 % |
|
| Earnings Growth | 5.714 % | |
| Earnings Growth QoQ | -113.713 % | |
| Earnings Growth YoY | -173.135 % | |
| Earnings Growth IPRWA | high: 23.404 % LEGH: 5.714 % mean: -10.558 % median: -13.514 % low: -33.224 % |
|
| MARGINS | ||
| Gross Margin | 51.034 % | |
| Gross Margin QoQ | 21.98 % | |
| Gross Margin YoY | 29.983 % | |
| Gross Margin IPRWA | LEGH: 51.034 % high: 34.983 % mean: 24.188 % median: 23.156 % low: 14.104 % |
|
| EBIT Margin | 28.259 % | |
| EBIT Margin QoQ | 17.815 % | |
| EBIT Margin YoY | -16.814 % | |
| EBIT Margin IPRWA | LEGH: 28.259 % high: 18.727 % median: 14.215 % mean: 12.819 % low: -6.949 % |
|
| Return On Sales (ROS) | 26.894 % | |
| Return On Sales QoQ | 12.124 % | |
| Return On Sales YoY | -20.832 % | |
| Return On Sales IPRWA | LEGH: 26.894 % high: 18.727 % median: 14.555 % mean: 12.915 % low: -10.727 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 15.7 M | |
| Free Cash Flow Yield | 3.101 % | |
| Free Cash Flow Yield QoQ | 253.189 % | |
| Free Cash Flow Yield YoY | 218.378 % | |
| Free Cash Flow Yield IPRWA | high: 11.09 % LEGH: 3.101 % mean: 3.056 % median: 2.072 % low: 0.073 % |
|
| Free Cash Growth | 206.423 % | |
| Free Cash Growth QoQ | 430.364 % | |
| Free Cash Growth YoY | -704.159 % | |
| Free Cash Growth IPRWA | high: 207.512 % LEGH: 206.423 % median: 0.639 % mean: -41.998 % low: -1074.794 % |
|
| Free Cash To Net Income | 1.916 | |
| Cash Flow Margin | 27.642 % | |
| Cash Flow To Earnings | 1.291 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.44 % | |
| Return On Assets QoQ | -7.574 % | |
| Return On Assets YoY | -47.617 % | |
| Return On Assets IPRWA | high: 6.118 % mean: 2.849 % median: 2.795 % LEGH: 1.44 % low: -1.377 % |
|
| Return On Capital Employed (ROCE) | 2.027 % | |
| Return On Equity (ROE) | 0.015 | |
| Return On Equity QoQ | -6.457 % | |
| Return On Equity YoY | -47.243 % | |
| Return On Equity IPRWA | high: 0.108 mean: 0.046 median: 0.039 LEGH: 0.015 low: -0.031 |
|
| DuPont ROE | 1.56 % | |
| Return On Invested Capital (ROIC) | 1.547 % | |
| Return On Invested Capital QoQ | -1.402 % | |
| Return On Invested Capital YoY | -99.974 % | |
| Return On Invested Capital IPRWA | high: 7.738 % mean: 3.512 % median: 3.312 % LEGH: 1.547 % low: -1.077 % |
|