Recent News
June 3, 2026: Q1 trading update flagged revenue pressure and net-new business stabilization efforts. May 29–June 2026: WPP announced an expanded multi‑year partnership with Google including a material AI investment commitment and continued development of its WPP Open platform. June 9, 2026: broker initiation and coverage updates increased market attention. Additional filings reaffirmed strategic actions including portfolio rationalization and planned asset transactions tied to the company’s Elevate28 plan.
Technical Analysis
Directional indicators: ADX at 17.61 indicates no dominant trend; DI+ at 40.33 rising while DI‑ at 27.88 falls, which signals a bullish directional shift supporting near-term upside.
MACD: MACD sits at 0.70 above the signal line (0.52) with an increasing MACD_trend, a bullish momentum confirmation that aligns with the DI+ signal.
MRO: MRO = -6.3 and rising; price sits below WMDST’s target framework, which implies potential upward pressure toward the price objective.
RSI: RSI = 57.82 with a peak‑and‑reversal pattern, which tempers momentum and warns that short-term strength may consolidate before extending higher.
Price vs averages and overlays: Last trade $20.60 trades above the 12‑day EMA ($19.89), 20‑day average ($19.66), 50‑day average ($18.30) and 200‑day average ($18.66), indicating a short‑to‑medium‑term positive bias. Price near the upper Bollinger band (upper 1σ $20.92) suggests proximity to short‑term resistance. Ichimoku components sit well below price (Tenkan $19.84; Kijun $18.62; cloud SenkouA $17.86 / SenkouB $17.42), confirming price strength relative to cloud support. SuperTrend lower at $19.59 acts as immediate support.
Volume & volatility: Today’s volume (277,100) runs below the 10‑day average (393,390) and well below the 50/200‑day averages, signaling follow‑through on the recent move remains light; 42‑day volatility 4% and 52‑week 3% point to a low‑volatility environment that favors measured breakouts. Beta (42‑day 0.22; 52‑week 0.92) indicates lower market sensitivity.
Fundamental Analysis
Profitability & cash flow: Operating cash flow $277,000,000 with an operating cash flow ratio of 1.87% signals weak cash conversion versus scale; net working capital stands negative at -$1,665,000,000, reflecting receivables and payables dynamics that pressure short‑term liquidity.
Capital structure: Total debt $6,832,000,000 and net debt $2,242,000,000 yield a debt‑to‑equity ratio of 2.6898 (debt‑to‑equity QoQ +26.01%; YoY +683.18%), and debt‑to‑capital 0.72898—an elevated leverage profile that increases sensitivity to cash flow swings despite a low cost of debt (~1.824%). Debt‑to‑assets 0.28378 declined QoQ by 1.71% but shows a large YoY change (+509.89%).
Liquidity: Current ratio 0.8878 (QoQ +3.08%; YoY -0.52%) and cash plus short‑term investments $2,694,000,000 provide limited buffer relative to current liabilities $14,835,000,000; the cash ratio sits at 0.1816.
Valuation & per‑share metrics: Book value per share $2.36 versus price $20.60 yields a price‑to‑book of 10.39. That P/B sits materially above the industry peer mean ($1.80), industry peer median ($1.68) and industry peer high ($5.38). Forward EPS $0.8295 and forward P/E ~24.92. Price target mean among analyst inputs $16.99 sits below the last trade, while the high/low analyst targets range $33.03 to $11.01.
Revenue trends: Reported revenue growth QoQ ~0% and revenue growth figure listed as -1.0 alongside a YoY revenue growth of 90.11% in the provided metrics; those mixed signals require management clarity on base effects and the composition of comparable periods. WMDST values the stock as over‑valued given the stretched P/B, leverage profile, limited cash conversion and a price target mean below the market price.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2025-11-06 |
| NEXT REPORT DATE: | 2026-02-05 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | $ 277.0 M | |
| Capital Expenditures | — | |
| Change In Working Capital | — | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | — | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | — | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | — | |
| Net Income From Continuing Operations | — | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ 0.83 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 24.1 B | |
| Intangible Assets | $ 7.7 B | |
| Net Tangible Assets | $ -5.14 B | |
| Total Current Assets | $ 13.2 B | |
| Cash and Short-Term Investments | $ 2.7 B | |
| Cash | $ 2.7 B | |
| Net Receivables | $ 6.1 B | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 10.1 B | |
| Short-Term Debt | $ 822.0 M | |
| Total Current Liabilities | $ 14.8 B | |
| Net Debt | $ 2.2 B | |
| Total Debt | $ 6.8 B | |
| Total Liabilities | $ 21.3 B | |
| EQUITY | ||
| Total Equity | $ 2.5 B | |
| Retained Earnings | $ 2.1 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 2.36 | |
| Shares Outstanding | 1.079 B | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | $ 26.4 B |
| Enterprise Value | $ 30.5 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.478 | |
| Asset To Liability | 1.13 | |
| Debt To Capital | 0.729 | |
| Debt To Assets | 0.284 | |
| Debt To Assets QoQ | -1.708 % | |
| Debt To Assets YoY | 509.886 % | |
| Debt To Assets IPRWA | high: 1.69 median: 0.4 mean: 0.389 WPP: 0.284 low: 0.0 |
|
| Debt To Equity | 2.69 | |
| Debt To Equity QoQ | 26.005 % | |
| Debt To Equity YoY | 683.182 % | |
| Debt To Equity IPRWA | high: 6.05 WPP: 2.69 mean: 1.049 median: 0.983 low: -9.844 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 10.389 | |
| Price To Book QoQ | -6.699 % | |
| Price To Book YoY | -25.796 % | |
| Price To Book IPRWA | WPP: 10.389 high: 5.379 mean: 1.799 median: 1.678 low: -0.597 |
|
| Price To Earnings (P/E) | — | |
| Price To Earnings QoQ | — | |
| Price To Earnings YoY | — | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | — | |
| Price To Sales (P/S) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | 24.924 | |
| Forward PE/G | — | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | — | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | — | |
| 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: 144.763 mean: 36.169 median: 28.512 WPP: 0 low: -95.091 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.7 B | |
| Net Invested Capital | $ 7.5 B | |
| Invested Capital | $ 7.5 B | |
| Net Tangible Assets | $ -5.14 B | |
| Net Working Capital | $ -1.67 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.182 | |
| Current Ratio | 0.888 | |
| Current Ratio QoQ | 3.078 % | |
| Current Ratio YoY | -0.517 % | |
| Current Ratio IPRWA | high: 2.784 median: 2.143 mean: 1.956 WPP: 0.888 low: 0.387 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.824 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | 0.019 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.911 % | |
| Revenue Growth | -100.0 % | |
| Revenue Growth QoQ | -0.0 % | |
| Revenue Growth YoY | 90.11 % | |
| Revenue Growth IPRWA | high: 71.226 % mean: 2.109 % median: -0.54 % low: -24.881 % WPP: -100.0 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| 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) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | — | |
| Cash Flow To Earnings | — | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | — | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | — | |
| Return On Assets IPRWA | — | |
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | — | |
| Return On Equity QoQ | — | |
| Return On Equity YoY | — | |
| Return On Equity IPRWA | — | |
| DuPont ROE | — | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |