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On May 28, 2026 the company’s board declared a regular quarterly cash dividend of $0.10 per share, payable July 15, 2026 to holders of record at the close of business on June 23, 2026.
On June 3, 2026 filings show a board director received an award of 3,196 restricted stock units that vest in 2027.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 13.68 signals no clear trend, implying limited trend-following edge. DI+ shows a peak-and-reversal (bearish), while DI- registers a decreasing reading (bullish); together these mixed directional signals favor rangebound trading and reduce the probability of a sustained directional breakout.
MACD: The MACD registers a peak-and-reversal, which signals bearish momentum; note the MACD value sits marginally above its signal line (0.23 vs. 0.22), indicating only a minor short-term bias that conflicts with the broader MACD topping behavior.
MRO (Momentum/Regression Oscillator) and RSI: MRO at 29.24 (positive) indicates the market price sits above the target and faces downward pressure; the MRO’s peak-and-reversal aligns with topping risk. RSI at 56.66 and increasing shows mild bullish internal momentum, supporting short-lived strength inside the existing range rather than a decisive trend.
Price vs. moving averages and other overlays: Closing price $19.70 exceeds the 12-day EMA ($19.54), 26-day EMA ($19.30), 20-day average ($19.49), 50-day average ($18.96) and 200-day average ($18.27), indicating price sits above key averages while volatility remains low. Bollinger band position shows price below the 1x upper band ($19.85), and Ichimoku lines (Tenkan $19.32, Kijun $18.96) sit below price, giving shallow technical support. Low ADX and the mixed indicator set imply intrarange setups suit near-term trading.
Fundamental Analysis
Earnings and cash flow: Q1 results show diluted EPS $0.42 versus an estimate of $0.40, a $0.02 beat (5% surprise). Net income totaled $13.79M on total revenue $44.22M for the quarter; operating cash flow $8.535M and free cash flow $8.299M. Free cash flow yield stands at 1.42% and declined QoQ by 59.14% and YoY by 3.80% on the supplied metrics, indicating compressed free cash generation versus recent periods.
Profitability and returns: Return on assets equals 0.34% and return on equity equals 2.39%; both declined QoQ and YoY. RoA and RoE sit below the provided industry peer means (RoA mean 0.382%, RoE mean 4.934%), indicating lower profitability relative to the peer benchmarks included in the supplied industry peer statistics.
Growth and quality: YoY revenue change registers -2.00% while QoQ revenue contracted roughly -22.77%, reflecting near-term top-line pressure. Earnings growth reads -16.0% overall with a YoY earnings change of -9.16%, consistent with the negative PE-to-growth readings and a negative PEG ratio (-2.71), which reflects lower expected growth relative to current earnings multiples.
Capital structure and liquidity: Total assets $4.0487B, cash $56.39M, and end-period cash flows $411.14M. Debt-to-assets 1.32% and debt-to-equity 9.24% indicate a conservative leverage profile, materially below the supplied industry peer mean for debt-to-equity (2.11388 in numeric terms). Tangible book and capitalization metrics show modest capital cushions given total equity $577.835M.
Market multiples and valuation context: P/E stands at 43.36x with forward P/E ~39.75x; P/B equals 1.01 and P/S equals 13.24x. Compared with the supplied industry peer measures, the P/B sits marginally below the industry peer mean (industry peer mean P/B 1.08846, median 1.32816) while the trailing P/E sits below the industry peer mean (industry peer mean P/E 54.34398, median 53.87523). Forward P/E also sits below the supplied industry peer mean (industry peer mean forward P/E 43.62184). WMDST values the stock as fair-valued based on these cross-sectional multiples and the company’s cash flow profile.
Dividends and shareholder returns: Dividend rate on file equals $0.10105 (yield 0.56%) with a dividend payout ratio ~23.56% and dividend coverage ~4.24x; the board’s recent declaration of $0.10 per share aligns with the company’s stated payout stance and the payout metrics shown above. Recent share-repurchase activity reduced tangible book per share slightly, according to the report metrics supplied.
Valuation takeaway: Fundamentals show a mixed picture—solid capital and low leverage, but compressed revenue and earnings growth plus weaker free cash flow trends. Multiples sit modestly below the supplied industry peer means on a forward basis while P/S appears elevated; WMDST’s fair-valued designation reflects that balance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-28 |
| NEXT REPORT DATE: | 2026-07-28 |
| CASH FLOW | Begin Period Cash Flow | $ 399.9 M |
| Operating Cash Flow | $ 8.5 M | |
| Capital Expenditures | $ -236.00 K | |
| Change In Working Capital | $ -6.42 M | |
| Dividends Paid | $ -3.25 M | |
| Cash Flow Delta | $ 11.2 M | |
| End Period Cash Flow | $ 411.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 44.2 M | |
| Forward Revenue | $ 11.8 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 374.0 K | |
| Depreciation and Amortization | $ 1.2 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 53.8 M | |
| Interest Expense | $ 11.7 M | |
| Net Interest Income | $ 42.1 M | |
| Income Before Tax | $ 19.1 M | |
| Tax Provision | $ 5.3 M | |
| Tax Rate | 27.758 % | |
| Net Income | $ 13.8 M | |
| Net Income From Continuing Operations | $ 13.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.40 | |
| EPS Actual | $ 0.42 | |
| EPS Difference | $ 0.02 | |
| EPS Surprise | 5.0 % | |
| Forward EPS | $ 0.46 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.0 B | |
| Intangible Assets | $ 128.6 M | |
| Net Tangible Assets | $ 449.2 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 56.4 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 53.4 M | |
| Total Liabilities | $ 3.5 B | |
| EQUITY | ||
| Total Equity | $ 577.8 M | |
| Retained Earnings | $ 146.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.97 | |
| Shares Outstanding | 32.152 M | |
| Revenue Per-Share | $ 1.38 | |
| VALUATION | Market Capitalization | $ 585.6 M |
| Enterprise Value | $ 639.0 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 14.449 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.007 | |
| Asset To Liability | 1.166 | |
| Debt To Capital | 0.085 | |
| Debt To Assets | 0.013 | |
| Debt To Assets QoQ | 0.841 % | |
| Debt To Assets YoY | -39.936 % | |
| Debt To Assets IPRWA | high: 0.242 mean: 0.163 median: 0.159 BCAL: 0.013 low: 0.002 |
|
| Debt To Equity | 0.092 | |
| Debt To Equity QoQ | 0.983 % | |
| Debt To Equity YoY | -43.842 % | |
| Debt To Equity IPRWA | high: 4.312 median: 2.341 mean: 2.114 BCAL: 0.092 low: 0.017 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.013 | |
| Price To Book QoQ | -2.616 % | |
| Price To Book YoY | 15.312 % | |
| Price To Book IPRWA | high: 2.882 median: 1.328 mean: 1.088 BCAL: 1.013 low: 0.001 |
|
| Price To Earnings (P/E) | 43.362 | |
| Price To Earnings QoQ | 17.145 % | |
| Price To Earnings YoY | 56.452 % | |
| Price To Earnings IPRWA | high: 70.027 mean: 54.344 median: 53.875 BCAL: 43.362 low: 0.034 |
|
| PE/G Ratio | -2.71 | |
| Price To Sales (P/S) | 13.242 | |
| Price To Sales QoQ | 1.3 % | |
| Price To Sales YoY | 27.095 % | |
| Price To Sales IPRWA | high: 28.872 BCAL: 13.242 median: 8.597 mean: 7.508 low: 0.006 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 39.745 | |
| Forward PE/G | -2.484 | |
| Forward P/S | 49.749 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.011 | |
| Asset Turnover Ratio QoQ | -3.1 % | |
| Asset Turnover Ratio YoY | -2.147 % | |
| Asset Turnover Ratio IPRWA | high: 0.025 BCAL: 0.011 mean: 0.011 median: 0.011 low: 0.004 |
|
| 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: 42.034 mean: 31.604 low: 29.772 median: 29.772 BCAL: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.005 | |
| CapEx To Depreciation | -0.631 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 612.1 M | |
| Net Invested Capital | $ 612.1 M | |
| Invested Capital | $ 612.1 M | |
| Net Tangible Assets | $ 449.2 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 | 18.483 % | |
| 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 | 4.245 | |
| Dividend Payout Ratio | 0.236 | |
| Dividend Rate | $ 0.10 | |
| Dividend Yield | 0.006 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.381 % | |
| Revenue Growth | 1.587 % | |
| Revenue Growth QoQ | -22.774 % | |
| Revenue Growth YoY | -200.0 % | |
| Revenue Growth IPRWA | high: 25.524 % BCAL: 1.587 % mean: 0.363 % median: -1.929 % low: -16.051 % |
|
| Earnings Growth | -16.0 % | |
| Earnings Growth QoQ | -483.969 % | |
| Earnings Growth YoY | -915.91 % | |
| Earnings Growth IPRWA | high: 49.694 % mean: 4.056 % median: 3.333 % BCAL: -16.0 % low: -29.412 % |
|
| 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) | $ 8.3 M | |
| Free Cash Flow Yield | 1.417 % | |
| Free Cash Flow Yield QoQ | -59.141 % | |
| Free Cash Flow Yield YoY | -3.802 % | |
| Free Cash Flow Yield IPRWA | high: 35.898 % median: 1.458 % BCAL: 1.417 % mean: -0.088 % low: -4.948 % |
|
| Free Cash Growth | -60.118 % | |
| Free Cash Growth QoQ | -293.119 % | |
| Free Cash Growth YoY | -14.988 % | |
| Free Cash Growth IPRWA | high: 219.58 % BCAL: -60.118 % median: -120.96 % mean: -156.372 % low: -635.913 % |
|
| Free Cash To Net Income | 0.602 | |
| Cash Flow Margin | 33.841 % | |
| Cash Flow To Earnings | 1.085 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.05 | |
| Return On Assets (ROA) | 0.341 % | |
| Return On Assets QoQ | -15.594 % | |
| Return On Assets YoY | -19.002 % | |
| Return On Assets IPRWA | high: 0.614 % median: 0.396 % mean: 0.382 % BCAL: 0.341 % low: 0.034 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.024 | |
| Return On Equity QoQ | -16.187 % | |
| Return On Equity YoY | -24.748 % | |
| Return On Equity IPRWA | high: 0.058 mean: 0.049 median: 0.049 BCAL: 0.024 low: 0.003 |
|
| DuPont ROE | 2.389 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |