Technical Analysis
Directional indicators show a strong trending environment: ADX at 36.33 signals a robust trend strength while DI+ at 40.67 increasing and DI- at 13.46 decreasing together produce a clear bullish directional picture.
MACD reads 3.98 and climbs above its signal line at 2.20, confirming bullish momentum and a recent momentum crossover that favors continued upside in the near term.
MRO stands at 35.07 and is rising; because MRO is positive, price sits above the model target and faces mean-reverting pressure—this suggests the current rally carries overbought potential despite momentum confirmation.
RSI at 58.41 and climbing sits below overbought territory while indicating sustained buying pressure rather than exhaustion.
Price sits above short-, medium-, and long-term averages: 12-day EMA 56.05, 20-day average 52.72, 50-day average 47.76, and 200-day average 43.06. Price closed at $63.44, above the 1x upper Bollinger band of $61.44 and well inside the 52-week range toward the high of $64.43, showing trend-following strength with limited immediate upside room to the 2x upper band at $70.16.
Ichimoku components place price above the cloud (Senkou A 47.37, Senkou B 48.87) and above Tenkan 54.45 and Kijun 51.22, reinforcing a bullish regime with support aligned in the $51–56 area; SuperTrend lower band at $55.77 provides a proximate technical support reference.
Volume metrics confirm participation: daily volume 214,926 slightly exceeds the 10-day average of 209,683 and materially exceeds 50- and 200-day averages, signaling conviction behind the recent move rather than a thin, unconfirmed spike.
Fundamental Analysis
Top-line and margins: total revenue $230,858,000 with gross margin 39.95% and operating margin 3.20%; EBIT stands at $8,022,000, producing an EBIT margin of 3.48%. EBIT margin sits below the industry peer mean of 13.49% and below the industry peer median of 16.16%, while remaining above the industry peer low of -9.27%.
Profitability trends show improvement: operating margin QoQ rose 5.76% and EBIT margin YoY improved by 6.41%, signaling incremental operating leverage as cost control and product mix shifts benefit margins.
Cash flow and liquidity: operating cash flow $20,875,000 and free cash flow $15,042,000 produce a free cash flow yield of 4.00%, while free cash to net income stands near 193.99%, indicating cash conversion above reported net income. Cash and short-term investments total $81,100,000 with a current ratio of 1.15 and quick ratio 0.53, reflecting a modest liquidity cushion against current obligations.
Leverage: total debt $226,462,000 produces debt-to-equity 1.81 and debt-to-EBITDA near 17.25, signaling heavy leverage relative to earnings capacity; interest expense remains minimal and interest coverage sits high, but leverage metrics warrant monitoring if earnings or cash flow weaken.
Earnings and estimates: reported EPS $1.08 versus an estimate $0.32, an EPS surprise ratio of 2.375 (approximately a 237.5% beat), with forward EPS $0.59375 and forward PE about 77.64. Trailing PE stands near 41.65 while enterprise multiple measures near 39.70. The current valuation as determined by WMDST classifies the stock as under-valued relative to WMDST’s internal framework.
Working capital and operations: inventory $115,246,000 with days inventory outstanding ~75.38 and days payables outstanding ~70.49; asset turnover 0.477 indicating modest revenue generation per dollar of assets but sitting inside the industry peer range on turnover. Return on equity 6.19% and return on assets 1.60% reflect modest capital returns with year-over-year improvements noted.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-04-30 |
| REPORT DATE: | 2026-06-02 |
| NEXT REPORT DATE: | 2026-09-01 |
| CASH FLOW | Begin Period Cash Flow | $ 66.1 M |
| Operating Cash Flow | $ 20.9 M | |
| Capital Expenditures | $ -5.83 M | |
| Change In Working Capital | $ -5.41 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 15.0 M | |
| End Period Cash Flow | $ 81.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 230.9 M | |
| Forward Revenue | $ 36.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 138.6 M | |
| Depreciation | $ 5.1 M | |
| Depreciation and Amortization | $ 5.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 223.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 92.2 M | |
| EBITDA | $ 13.1 M | |
| EBIT | $ 8.0 M | |
| Operating Income | $ 7.4 M | |
| Interest Income | $ 647.0 K | |
| Interest Expense | $ 86.0 K | |
| Net Interest Income | $ 561.0 K | |
| Income Before Tax | $ 7.9 M | |
| Tax Provision | $ 182.0 K | |
| Tax Rate | 2.293 % | |
| Net Income | $ 7.8 M | |
| Net Income From Continuing Operations | $ 7.8 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.32 | |
| EPS Actual | $ 1.08 | |
| EPS Difference | $ 0.76 | |
| EPS Surprise | 237.5 % | |
| Forward EPS | $ 0.59 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 496.2 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 125.3 M | |
| Total Current Assets | $ 213.0 M | |
| Cash and Short-Term Investments | $ 81.1 M | |
| Cash | $ 81.1 M | |
| Net Receivables | — | |
| Inventory | $ 115.2 M | |
| Long-Term Investments | $ 1.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 113.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 186.0 M | |
| Net Debt | — | |
| Total Debt | $ 226.5 M | |
| Total Liabilities | $ 370.8 M | |
| EQUITY | ||
| Total Equity | $ 125.3 M | |
| Retained Earnings | $ 288.9 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.00 | |
| Shares Outstanding | 8.357 M | |
| Revenue Per-Share | $ 27.63 | |
| VALUATION | Market Capitalization | $ 375.9 M |
| Enterprise Value | $ 521.2 M | |
| Enterprise Multiple | 39.698 | |
| Enterprise Multiple QoQ | -4.708 % | |
| Enterprise Multiple YoY | -44.575 % | |
| Enterprise Multiple IPRWA | high: 177.335 mean: 50.0 median: 47.746 CTRN: 39.698 low: -78.249 |
|
| EV/R | 2.258 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.959 | |
| Asset To Liability | 1.338 | |
| Debt To Capital | 0.644 | |
| Debt To Assets | 0.456 | |
| Debt To Assets QoQ | -3.705 % | |
| Debt To Assets YoY | -9.417 % | |
| Debt To Assets IPRWA | high: 0.95 CTRN: 0.456 mean: 0.451 median: 0.437 low: 0.214 |
|
| Debt To Equity | 1.807 | |
| Debt To Equity QoQ | -5.892 % | |
| Debt To Equity YoY | -11.004 % | |
| Debt To Equity IPRWA | high: 4.366 CTRN: 1.807 mean: 1.117 median: 0.892 low: -2.006 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.999 | |
| Price To Book QoQ | -6.529 % | |
| Price To Book YoY | 61.163 % | |
| Price To Book IPRWA | high: 9.078 mean: 4.063 median: 3.382 CTRN: 2.999 low: -3.375 |
|
| Price To Earnings (P/E) | 41.646 | |
| Price To Earnings QoQ | -20.832 % | |
| Price To Earnings YoY | -70.04 % | |
| Price To Earnings IPRWA | high: 136.917 median: 77.251 mean: 74.341 CTRN: 41.646 low: -72.826 |
|
| PE/G Ratio | 1.539 | |
| Price To Sales (P/S) | 1.628 | |
| Price To Sales QoQ | 0.518 % | |
| Price To Sales YoY | 62.6 % | |
| Price To Sales IPRWA | high: 12.449 mean: 7.553 median: 7.406 CTRN: 1.628 low: 0.213 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 77.643 | |
| Forward PE/G | 2.869 | |
| Forward P/S | 10.177 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 14.429 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.477 | |
| Asset Turnover Ratio QoQ | -3.106 % | |
| Asset Turnover Ratio YoY | 6.49 % | |
| Asset Turnover Ratio IPRWA | high: 0.516 CTRN: 0.477 mean: 0.288 median: 0.282 low: 0.078 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | 1.212 | |
| Inventory Turnover Ratio QoQ | 3.749 % | |
| Inventory Turnover Ratio YoY | 15.601 % | |
| Inventory Turnover Ratio IPRWA | high: 1.892 CTRN: 1.212 mean: 0.716 median: 0.694 low: 0.308 |
|
| 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: 111.343 median: 69.365 mean: 60.811 low: 23.354 CTRN: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 8.557 | |
| CapEx To Revenue | -0.025 | |
| CapEx To Depreciation | -1.142 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 125.3 M | |
| Net Invested Capital | $ 125.3 M | |
| Invested Capital | $ 125.3 M | |
| Net Tangible Assets | $ 125.3 M | |
| Net Working Capital | $ 27.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.436 | |
| Current Ratio | 1.145 | |
| Current Ratio QoQ | 2.856 % | |
| Current Ratio YoY | 2.193 % | |
| Current Ratio IPRWA | high: 2.042 median: 1.311 mean: 1.249 CTRN: 1.145 low: 0.785 |
|
| Quick Ratio | 0.525 | |
| Quick Ratio QoQ | 14.551 % | |
| Quick Ratio YoY | 34.743 % | |
| Quick Ratio IPRWA | high: 1.391 CTRN: 0.525 mean: 0.4 median: 0.382 low: 0.068 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 17.248 | |
| Cost Of Debt | 0.038 % | |
| Interest Coverage Ratio | 93.279 | |
| Interest Coverage Ratio QoQ | 4.109 % | |
| Interest Coverage Ratio YoY | 648.596 % | |
| Interest Coverage Ratio IPRWA | CTRN: 93.279 high: 38.666 mean: 13.908 median: 8.361 low: -58.921 |
|
| Operating Cash Flow Ratio | 0.127 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 70.492 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.31 % | |
| Revenue Growth | 0.202 % | |
| Revenue Growth QoQ | -98.805 % | |
| Revenue Growth YoY | -104.517 % | |
| Revenue Growth IPRWA | high: 13.262 % CTRN: 0.202 % mean: -12.616 % median: -17.784 % low: -54.332 % |
|
| Earnings Growth | 27.059 % | |
| Earnings Growth QoQ | -113.764 % | |
| Earnings Growth YoY | -124.369 % | |
| Earnings Growth IPRWA | high: 37.785 % CTRN: 27.059 % mean: -14.752 % median: -15.556 % low: -400.0 % |
|
| MARGINS | ||
| Gross Margin | 39.95 % | |
| Gross Margin QoQ | 0.123 % | |
| Gross Margin YoY | 0.978 % | |
| Gross Margin IPRWA | high: 68.334 % mean: 42.478 % median: 40.74 % CTRN: 39.95 % low: 23.523 % |
|
| EBIT Margin | 3.475 % | |
| EBIT Margin QoQ | 2.719 % | |
| EBIT Margin YoY | 640.938 % | |
| EBIT Margin IPRWA | high: 20.591 % median: 16.156 % mean: 13.488 % CTRN: 3.475 % low: -9.268 % |
|
| Return On Sales (ROS) | 3.195 % | |
| Return On Sales QoQ | 5.76 % | |
| Return On Sales YoY | 581.237 % | |
| Return On Sales IPRWA | high: 20.591 % median: 16.156 % mean: 13.516 % CTRN: 3.195 % low: -7.857 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 15.0 M | |
| Free Cash Flow Yield | 4.002 % | |
| Free Cash Flow Yield QoQ | 1.754 % | |
| Free Cash Flow Yield YoY | -161.836 % | |
| Free Cash Flow Yield IPRWA | high: 5.1 % CTRN: 4.002 % median: 0.834 % mean: 0.462 % low: -12.625 % |
|
| Free Cash Growth | 2.494 % | |
| Free Cash Growth QoQ | -99.862 % | |
| Free Cash Growth YoY | -101.659 % | |
| Free Cash Growth IPRWA | high: 77.641 % CTRN: 2.494 % mean: -80.388 % median: -80.884 % low: -191.495 % |
|
| Free Cash To Net Income | 1.94 | |
| Cash Flow Margin | 10.256 % | |
| Cash Flow To Earnings | 3.053 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.603 % | |
| Return On Assets QoQ | 1.136 % | |
| Return On Assets YoY | 726.289 % | |
| Return On Assets IPRWA | high: 5.232 % median: 3.102 % mean: 2.982 % CTRN: 1.603 % low: -2.73 % |
|
| Return On Capital Employed (ROCE) | 2.586 % | |
| Return On Equity (ROE) | 0.062 | |
| Return On Equity QoQ | -2.919 % | |
| Return On Equity YoY | 671.322 % | |
| Return On Equity IPRWA | high: 0.132 CTRN: 0.062 median: 0.057 mean: -0.017 low: -0.241 |
|
| DuPont ROE | 6.418 % | |
| Return On Invested Capital (ROIC) | 6.253 % | |
| Return On Invested Capital QoQ | -2.964 % | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | high: 12.645 % median: 11.692 % mean: 8.396 % CTRN: 6.253 % low: -6.248 % |
|