Recent News
On July 1, 2026 WPP announced expansion and formal launch of its unified WPP Enterprise Solutions unit to capture enterprise AI transformation demand; on June 26, 2026 WPP agencies won major creative awards at Cannes Lions; regulatory filings in June and July noted director shareholding updates and a July 1 total voting rights notice.
Technical Analysis
ADX / DI+ / DI-: ADX stands at 36.58, indicating a strong directional trend; DI+ declined while DI- moved through a dip-and-reverse pattern, which together point toward growing bearish directional pressure that raises near-term downside risk against the current valuation.
MACD: MACD sits at 1.61 and trends downward, below the signal line at 1.77, signaling declining bullish momentum and increasing probability of short-term negative price pressure relative to recent levels.
MRO: MRO measures 39.44 and climbs, a positive reading that implies the market price sits above WMDST’s regression target and therefore carries elevated potential for a corrective move toward that target.
RSI and Short EMAs: RSI at 62.16 shows recent strength but registered a peak-and-reversal, and the 12-day EMA experienced a peak-and-reversal as well; those signals together indicate short-term exhaustion after the recent advance and a higher likelihood of consolidation or pullback from current levels.
Price Versus Averages and Bands: Price closed $25.95, above the 200-day average at $19.10 but below the 20-day average at $26.54 and sitting inside the wider 2x Bollinger bands; the combination supports a longer-term elevated price posture while near-term momentum favors mean reversion pressure toward shorter moving averages or the super-trend support at $24.81.
Fundamental Analysis
Valuation: WMDST values the stock as over-valued. Price-to-book stands at 10.39 versus an industry peer mean of 1.80, median 1.68 and industry high 5.38, placing book-based valuation materially above peer norms.
Profitability & Forecasts: Forward EPS equals $0.8746 with a forward P/E of 24.92, which sits below the industry peer mean forward P/E of 43.61; forward P/E declined QoQ by about 6.16%.
Revenue Trends: Reported YoY revenue growth reads +90.11%; quarter-over-quarter revenue growth shows 0.0% change. (Both values presented as supplied.)
Liquidity & Cash: Cash and short-term investments total $2.694B. Current ratio registers 0.888, a QoQ increase of +3.08% but a YoY decrease of −0.52%; that current ratio sits below the industry peer mean of 1.96 and median of 2.14, indicating relatively tighter short-term liquidity versus peers.
Working Capital & Receivables: Net working capital equals −$1.665B while net receivables total $6.089B, highlighting negative working capital dynamics that may reflect the business model’s timing of pass-through costs and client billing.
Leverage: Total debt equals $6.832B with net debt $2.242B. Debt-to-equity stands at 2.6898, above the industry peer mean of 1.05 and median of 0.98; debt-to-equity rose QoQ by +26.01% and surged YoY by +683.18% per supplied figures. Debt-to-assets sits at 0.2838, a QoQ decline of −1.71% but a YoY increase of +509.89% per the supplied change metric.
Cash Conversion & Efficiency: Cash conversion cycle figures for industry peers show a mean of 36.17 days; WPP’s specific cycle figure not supplied for direct comparison, but operating cash flow equals $277.0M with an operating cash flow ratio of 0.0187, indicating modest cash generation relative to revenues.
Balance-Sheet Composition: Total assets at $24.075B versus total equity $2.540B produce an asset-to-equity ratio of 9.48 and net tangible assets of −$5.14B, reflecting significant intangible asset weighting ($7.68B in intangibles) and leverage of invested capital.
Valuation Summary: WMDST labels the stock over-valued driven primarily by elevated price-to-book relative to industry peer mean and the combination of high leverage and negative net tangible equity; forward P/E appears less demanding versus peer averages, creating a mixed valuation picture that supports the over-valued designation.
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 | $ 0.87 | |
| 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 | — | |