Technical Analysis
ADX at 18.99 signals no established trend; DI+ shows an increasing read (bullish pressure), while DI- has executed a dip-and-reverse and is now rising (bearish pressure). Those offsetting directional forces point toward sideways price action that compresses around the current valuation.
MACD stands negative at -0.81 and is decreasing, with the MACD line below the signal line (-0.61); that alignment denotes continuing bearish momentum and reduces the likelihood of a sustained breakout until MACD crosses back above its signal line.
MRO reads 1.8 and is decreasing. A positive MRO indicates price sits above the modeled target and, given the decline, suggests limited near-term upside and a modest bias toward mean reversion toward valuation levels.
RSI at 45.74 and falling places momentum beneath the neutral midpoint and aligns with MACD’s bearish bias, implying sellers currently hold the initiative in short-term sessions.
Price sits at $33.70, below the 50-day average ($37.10) and below the Ichimoku Kijun-sen ($36.76) and Tenkan-sen ($34.98), which creates layered resistance in the $35–$37 area. The 200-day average ($28.13) offers longer-term support, while the super trend upper band near $36.40 and the 20-day average ($34.85) frame the immediate resistance band. Volume on the latest session (162,513) trails the 10-day average (239,101), indicating thinner participation during the recent pullback and supporting a consolidation scenario rather than strong directional conviction.
Fundamental Analysis
Total revenue reached $142,402,000. Year-over-year revenue growth stood at 4.52%, while gross profit totaled $81,593,000, producing a gross margin of 57.30% (gross margin improved YoY by 5.82 percentage points). Operating margin measured 4.93% and EBIT equaled $8,976,000; EBIT margin at 6.30% sits below the industry peer mean (10.83%) and median (11.95%) but remains inside the industry peer range.
EPS came in at $0.53 versus an estimate of $0.35, a $0.18 beat representing a 51.43% surprise. Forward EPS reads $0.4575 with a forward PE near 54.45; the reported trailing PE equals 86.70, which runs above the industry peer mean (64.31) and median (63.59), indicating the market currently prices a premium to peer multiples on reported earnings.
Balance-sheet and cash-flow metrics provide defensive characteristics: cash and short-term investments total $225,263,000 and the cash ratio equals 1.999 with a current ratio of 4.563, supporting liquidity. Debt to assets stands at 10.02%, well below the industry peer mean (29.26%), and interest coverage reads 88x, indicating low leverage and very comfortable coverage of interest obligations.
Capital-return and cash generation show contrasts. Free cash flow totaled $5,767,000 with a free cash flow yield of 0.997%, below the industry peer mean (1.455%). Return on equity sits at 1.37%, and asset turnover remains modest at 0.1929 (below the industry peer mean of 0.2639). These items help explain a fair-valued WMDST determination: strong gross margins and a cash-rich, low-debt structure offset by compressed top-line momentum, modest returns, and a stretched trailing PE.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-04-30 |
| REPORT DATE: | 2026-08-26 |
| NEXT REPORT DATE: | 2026-11-25 |
| CASH FLOW | Begin Period Cash Flow | $ 231.4 M |
| Operating Cash Flow | $ 7.0 M | |
| Capital Expenditures | $ -1.19 M | |
| Change In Working Capital | $ -4.51 M | |
| Dividends Paid | $ -7.74 M | |
| Cash Flow Delta | $ -5.29 M | |
| End Period Cash Flow | $ 226.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 142.4 M | |
| Forward Revenue | $ 52.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 60.8 M | |
| Depreciation | $ 2.3 M | |
| Depreciation and Amortization | $ 2.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 135.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 81.6 M | |
| EBITDA | $ 11.3 M | |
| EBIT | $ 9.0 M | |
| Operating Income | $ 7.0 M | |
| Interest Income | — | |
| Interest Expense | $ 102.0 K | |
| Net Interest Income | $ -102.00 K | |
| Income Before Tax | $ 8.9 M | |
| Tax Provision | $ 1.9 M | |
| Tax Rate | 22.0 % | |
| Net Income | $ 6.9 M | |
| Net Income From Continuing Operations | $ 6.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.35 | |
| EPS Actual | $ 0.53 | |
| EPS Difference | $ 0.18 | |
| EPS Surprise | 51.429 % | |
| Forward EPS | $ 0.46 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 734.0 M | |
| Intangible Assets | $ 3.7 M | |
| Net Tangible Assets | $ 501.8 M | |
| Total Current Assets | $ 514.2 M | |
| Cash and Short-Term Investments | $ 225.3 M | |
| Cash | $ 225.3 M | |
| Net Receivables | $ 80.0 M | |
| Inventory | $ 182.0 M | |
| Long-Term Investments | $ 90.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 30.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 112.7 M | |
| Net Debt | — | |
| Total Debt | $ 73.5 M | |
| Total Liabilities | $ 227.1 M | |
| EQUITY | ||
| Total Equity | $ 505.5 M | |
| Retained Earnings | $ 441.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 22.74 | |
| Shares Outstanding | 22.227 M | |
| Revenue Per-Share | $ 6.41 | |
| VALUATION | Market Capitalization | $ 578.2 M |
| Enterprise Value | $ 426.4 M | |
| Enterprise Multiple | 37.775 | |
| Enterprise Multiple QoQ | 79.089 % | |
| Enterprise Multiple YoY | -34.52 % | |
| Enterprise Multiple IPRWA | high: 72.217 mean: 49.993 median: 46.187 MOV: 37.775 low: -93.537 |
|
| EV/R | 2.994 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.452 | |
| Asset To Liability | 3.232 | |
| Debt To Capital | 0.127 | |
| Debt To Assets | 0.1 | |
| Debt To Assets QoQ | -5.447 % | |
| Debt To Assets YoY | -18.899 % | |
| Debt To Assets IPRWA | high: 0.59 mean: 0.293 median: 0.287 MOV: 0.1 low: 0.029 |
|
| Debt To Equity | 0.145 | |
| Debt To Equity QoQ | -5.925 % | |
| Debt To Equity YoY | -22.262 % | |
| Debt To Equity IPRWA | high: 2.807 mean: 0.805 median: 0.742 MOV: 0.145 low: 0.036 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.144 | |
| Price To Book QoQ | 14.46 % | |
| Price To Book YoY | 56.423 % | |
| Price To Book IPRWA | high: 6.264 median: 4.569 mean: 4.153 MOV: 1.144 low: 0.691 |
|
| Price To Earnings (P/E) | 86.703 | |
| Price To Earnings QoQ | 114.568 % | |
| Price To Earnings YoY | -57.234 % | |
| Price To Earnings IPRWA | high: 148.476 MOV: 86.703 mean: 64.313 median: 63.589 low: -144.35 |
|
| PE/G Ratio | -1.83 | |
| Price To Sales (P/S) | 4.06 | |
| Price To Sales QoQ | 52.965 % | |
| Price To Sales YoY | 48.333 % | |
| Price To Sales IPRWA | high: 14.142 mean: 6.768 median: 6.19 MOV: 4.06 low: 0.634 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 54.445 | |
| Forward PE/G | -1.149 | |
| Forward P/S | 11.067 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.489 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.193 | |
| Asset Turnover Ratio QoQ | -24.772 % | |
| Asset Turnover Ratio YoY | 8.05 % | |
| Asset Turnover Ratio IPRWA | high: 0.351 median: 0.291 mean: 0.264 MOV: 0.193 low: 0.069 |
|
| Receivables Turnover | 1.564 | |
| Receivables Turnover Ratio QoQ | -10.041 % | |
| Receivables Turnover Ratio YoY | 7.222 % | |
| Receivables Turnover Ratio IPRWA | high: 4.152 mean: 2.02 median: 1.942 MOV: 1.564 low: 1.105 |
|
| Inventory Turnover | 0.357 | |
| Inventory Turnover Ratio QoQ | -27.818 % | |
| Inventory Turnover Ratio YoY | 2.345 % | |
| Inventory Turnover Ratio IPRWA | high: 0.942 median: 0.744 mean: 0.661 MOV: 0.357 low: 0.102 |
|
| Days Sales Outstanding (DSO) | 58.334 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 208.116 | |
| Cash Conversion Cycle Days QoQ | -4.135 % | |
| Cash Conversion Cycle Days YoY | -4.513 % | |
| Cash Conversion Cycle Days IPRWA | high: 302.025 MOV: 208.116 mean: 105.921 median: 104.451 low: 48.857 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.355 | |
| CapEx To Revenue | -0.008 | |
| CapEx To Depreciation | -0.514 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 505.5 M | |
| Net Invested Capital | $ 505.5 M | |
| Invested Capital | $ 505.5 M | |
| Net Tangible Assets | $ 501.8 M | |
| Net Working Capital | $ 401.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.999 | |
| Current Ratio | 4.563 | |
| Current Ratio QoQ | -0.272 % | |
| Current Ratio YoY | 12.112 % | |
| Current Ratio IPRWA | MOV: 4.563 high: 3.177 mean: 2.041 median: 1.961 low: 1.033 |
|
| Quick Ratio | 2.948 | |
| Quick Ratio QoQ | -7.132 % | |
| Quick Ratio YoY | 15.067 % | |
| Quick Ratio IPRWA | MOV: 2.948 high: 2.259 median: 1.363 mean: 1.322 low: 0.344 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.513 | |
| Cost Of Debt | 0.105 % | |
| Interest Coverage Ratio | 88.0 | |
| Interest Coverage Ratio QoQ | -9.153 % | |
| Interest Coverage Ratio YoY | 376.255 % | |
| Interest Coverage Ratio IPRWA | high: 698.648 MOV: 88.0 mean: 7.538 low: -19.567 median: -19.567 |
|
| Operating Cash Flow Ratio | 0.15 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 26.751 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.895 | |
| Dividend Payout Ratio | 1.117 | |
| Dividend Rate | $ 0.35 | |
| Dividend Yield | 0.013 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.16 % | |
| Revenue Growth | -25.67 % | |
| Revenue Growth QoQ | -977.007 % | |
| Revenue Growth YoY | 4.515 % | |
| Revenue Growth IPRWA | high: 35.725 % median: -2.722 % mean: -7.275 % MOV: -25.67 % low: -73.77 % |
|
| Earnings Growth | -47.368 % | |
| Earnings Growth QoQ | -232.631 % | |
| Earnings Growth YoY | -39.098 % | |
| Earnings Growth IPRWA | high: 197.674 % median: 105.714 % mean: 51.614 % MOV: -47.368 % low: -337.037 % |
|
| MARGINS | ||
| Gross Margin | 57.298 % | |
| Gross Margin QoQ | 5.925 % | |
| Gross Margin YoY | 5.817 % | |
| Gross Margin IPRWA | high: 70.374 % MOV: 57.298 % mean: 50.906 % median: 49.152 % low: 29.053 % |
|
| EBIT Margin | 6.303 % | |
| EBIT Margin QoQ | -16.891 % | |
| EBIT Margin YoY | 304.817 % | |
| EBIT Margin IPRWA | high: 29.88 % median: 11.949 % mean: 10.829 % MOV: 6.303 % low: -8.344 % |
|
| Return On Sales (ROS) | 4.926 % | |
| Return On Sales QoQ | -31.64 % | |
| Return On Sales YoY | 216.378 % | |
| Return On Sales IPRWA | high: 27.356 % median: 11.949 % mean: 11.085 % MOV: 4.926 % low: -8.344 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 5.8 M | |
| Free Cash Flow Yield | 0.997 % | |
| Free Cash Flow Yield QoQ | -90.877 % | |
| Free Cash Flow Yield YoY | -141.046 % | |
| Free Cash Flow Yield IPRWA | high: 6.447 % median: 2.207 % mean: 1.455 % MOV: 0.997 % low: -20.064 % |
|
| Free Cash Growth | -89.623 % | |
| Free Cash Growth QoQ | -123.587 % | |
| Free Cash Growth YoY | -27.349 % | |
| Free Cash Growth IPRWA | high: 456.586 % median: 427.817 % mean: 167.641 % MOV: -89.623 % low: -420.21 % |
|
| Free Cash To Net Income | 0.832 | |
| Cash Flow Margin | 11.876 % | |
| Cash Flow To Earnings | 2.44 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.939 % | |
| Return On Assets QoQ | -44.14 % | |
| Return On Assets YoY | 389.063 % | |
| Return On Assets IPRWA | high: 4.385 % median: 2.833 % mean: 2.106 % MOV: 0.939 % low: -5.271 % |
|
| Return On Capital Employed (ROCE) | 1.445 % | |
| Return On Equity (ROE) | 0.014 | |
| Return On Equity QoQ | -44.471 % | |
| Return On Equity YoY | -1513.402 % | |
| Return On Equity IPRWA | high: 0.072 median: 0.056 mean: 0.046 MOV: 0.014 low: -0.173 |
|
| DuPont ROE | 1.367 % | |
| Return On Invested Capital (ROIC) | 1.386 % | |
| Return On Invested Capital QoQ | -45.433 % | |
| Return On Invested Capital YoY | 405.839 % | |
| Return On Invested Capital IPRWA | high: 5.721 % median: 4.624 % mean: 3.738 % MOV: 1.386 % low: -8.613 % |
|