Recent News
On September 8, 2026, Espey announced a special cash dividend of $0.75 per share in addition to the regular $0.25 quarterly dividend and promoted Kaitlyn O’Neil to Chief Financial Officer. The announcement frames a near-term shareholder cash distribution and an executive change in finance leadership.
Technical Analysis
Directional indicators show low trend strength: ADX rests at 15.98, indicating no dominant trend; this reduces conviction for extended directional moves and supports a rangebound near-term outlook tied to the valuation stance.
DI+ exhibits a peak & reversal, a bearish signal that points to fading upside pressure; given ADX below 20, this bearish DI+ reading suggests short-term pullback risk rather than a sustained downtrend.
DI- also shows a peak & reversal, a bullish signal that implies diminished downside momentum; when combined with a low ADX, the DI- reading reinforces potential range support rather than directional breakout.
MACD stands at 0.38 with a peak & reversal and sits below its signal line (0.52), signaling bearish momentum; this dampens the probability of an immediate breakout and aligns with constrained upside toward the valuation-implied target range.
MRO reads 28.41 with a dip & reversal; because MRO remains positive, the metric indicates price sits above the model target (downward pressure likely), but the dip & reversal suggests momentum may be stabilizing near current levels—supporting the intro’s view of limited near-term directional movement.
RSI at 51.38 shows a peak & reversal; the neutral RSI level with a recent peak signals limited momentum expansion and favors sideways trading that reflects the company’s conservative valuation setup.
Price sits at $63.09, above the 200-day average ($56.87) and marginally above the 20-day average ($62.94); the 12-day EMA shows a peak & reversal while price remains inside the upper Bollinger band (upper 1σ $63.91), implying near-term resistance just above current levels and longer-term technical support around the 200-day average.
Volume at 13,217 undercuts the 10/50/200-day averages, indicating recent moves lack broad participation; low volume on current price levels reduces the chance of a sustained breakout and reinforces the under-valued, range-constrained outlook tied to WMDST’s valuation.
Fundamental Analysis
Profitability shows strength: operating (EBIT) margin equals 26.118%, up 53.662% YoY, positioning the company above the industry peer mean (18.611%) and industry peer median (19.794%) and just below the industry peer high (26.648%). The margin expansion supports the valuation view and provides earnings resilience despite revenue pressure.
Revenue trends show contraction: total revenue equals $11,422,655 with YoY revenue growth of -75.775% and quarter-over-quarter change of -117.579%; the steep YoY decline contrasts with improving margins and indicates revenue volatility that limits near-term valuation upside absent top-line stabilization.
Cash generation and liquidity stand out. Cash equals $21,159,609 and cash and short-term investments total $46,660,142; current ratio 2.32 and quick ratio 1.64. Free cash flow equals $3,199,665 with a free cash flow yield of 1.74% and cash conversion ratio 21.937%, supporting dividend coverage (dividend payout ratio 24.41% and dividend coverage ratio 4.10). Strong cash and conservative payout metrics underpin the company’s defensive profile.
Returns show improvement: return on equity 5.078% and return on assets 3.162% both improved materially YoY (ROE YoY +38.027%, ROA YoY +23.371%), supporting sustainability of operating margin gains even as top-line declines persist.
Leverage and coverage remain conservative. Total liabilities equal $39,588,256 versus total equity $56,415,392; interest coverage ratio stands at 20.46, indicating ample capacity to service interest and limiting financial risk in the near term.
Valuation multiples sit below several industry comparators. Price-to-book equals 3.26 (below the industry peer mean of 4.327 and below the industry peer median of 3.855), and price-to-sales equals 16.10 (below the industry peer mean of 18.188 and the industry peer median of 17.157). Forward P/E equals 59.03, which resides below the industry peer mean (86.176) and industry peer median (87.512) for forward P/E. WMDST values the stock as under-valued on a cash-rich balance-sheet and margin-driven earnings profile, though top-line contraction constrains multiple expansion potential.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-12 |
| NEXT REPORT DATE: | 2026-08-11 |
| CASH FLOW | Begin Period Cash Flow | $ 17.8 M |
| Operating Cash Flow | $ 3.4 M | |
| Capital Expenditures | $ -188.72 K | |
| Change In Working Capital | $ 162.2 K | |
| Dividends Paid | $ -699.19 K | |
| Cash Flow Delta | $ 3.4 M | |
| End Period Cash Flow | $ 21.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 11.4 M | |
| Forward Revenue | $ 2.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 7.2 M | |
| Depreciation | $ 133.6 K | |
| Depreciation and Amortization | $ 133.6 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 8.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 4.2 M | |
| EBITDA | $ 3.1 M | |
| EBIT | $ 3.0 M | |
| Operating Income | $ 3.0 M | |
| Interest Income | $ 402.1 K | |
| Interest Expense | — | |
| Net Interest Income | $ 402.1 K | |
| Income Before Tax | $ 3.4 M | |
| Tax Provision | $ 526.8 K | |
| Tax Rate | 15.5 % | |
| Net Income | $ 2.9 M | |
| Net Income From Continuing Operations | $ 2.9 M | |
| EARNINGS | ||
| EPS Estimate | — | |
| EPS Actual | — | |
| EPS Difference | — | |
| EPS Surprise | — | |
| Forward EPS | $ 0.93 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 96.0 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 56.4 M | |
| Total Current Assets | $ 91.7 M | |
| Cash and Short-Term Investments | $ 46.7 M | |
| Cash | $ 21.2 M | |
| Net Receivables | $ 6.3 M | |
| Inventory | $ 26.6 M | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 3.1 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 39.6 M | |
| Net Debt | — | |
| Total Debt | — | |
| Total Liabilities | $ 39.6 M | |
| EQUITY | ||
| Total Equity | $ 56.4 M | |
| Retained Earnings | $ 35.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 18.89 | |
| Shares Outstanding | 2.987 M | |
| Revenue Per-Share | $ 3.82 | |
| VALUATION | Market Capitalization | $ 183.9 M |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.702 | |
| Asset To Liability | 2.425 | |
| Debt To Capital | — | |
| Debt To Assets | — | |
| Debt To Assets QoQ | — | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | — | |
| Debt To Equity QoQ | — | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.26 | |
| Price To Book QoQ | 23.012 % | |
| Price To Book YoY | 88.87 % | |
| Price To Book IPRWA | high: 9.416 mean: 4.327 median: 3.855 ESP: 3.26 low: -1.169 |
|
| 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) | 16.103 | |
| Price To Sales QoQ | 38.585 % | |
| Price To Sales YoY | 107.46 % | |
| Price To Sales IPRWA | high: 42.542 mean: 18.188 median: 17.157 ESP: 16.103 low: 0.468 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 59.032 | |
| Forward PE/G | — | |
| Forward P/S | 68.069 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.486 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.126 | |
| Asset Turnover Ratio QoQ | -11.682 % | |
| Asset Turnover Ratio YoY | -18.587 % | |
| Asset Turnover Ratio IPRWA | high: 0.324 mean: 0.154 ESP: 0.126 median: 0.119 low: 0.023 |
|
| Receivables Turnover | 1.573 | |
| Receivables Turnover Ratio QoQ | -5.473 % | |
| Receivables Turnover Ratio YoY | 2.283 % | |
| Receivables Turnover Ratio IPRWA | high: 2.686 mean: 1.622 ESP: 1.573 median: 1.488 low: 0.383 |
|
| Inventory Turnover | 0.29 | |
| Inventory Turnover Ratio QoQ | -19.336 % | |
| Inventory Turnover Ratio YoY | -32.459 % | |
| Inventory Turnover Ratio IPRWA | high: 2.694 mean: 0.97 median: 0.912 ESP: 0.29 low: 0.109 |
|
| Days Sales Outstanding (DSO) | 58.021 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 304.454 | |
| Cash Conversion Cycle Days QoQ | -10.994 % | |
| Cash Conversion Cycle Days YoY | 61.911 % | |
| Cash Conversion Cycle Days IPRWA | ESP: 304.454 high: 199.34 median: 106.102 mean: 99.729 low: -19.563 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.219 | |
| CapEx To Revenue | -0.017 | |
| CapEx To Depreciation | -1.413 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 56.4 M | |
| Net Invested Capital | $ 56.4 M | |
| Invested Capital | $ 56.4 M | |
| Net Tangible Assets | $ 56.4 M | |
| Net Working Capital | $ 52.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.179 | |
| Current Ratio | 2.315 | |
| Current Ratio QoQ | -8.508 % | |
| Current Ratio YoY | -8.862 % | |
| Current Ratio IPRWA | high: 10.702 ESP: 2.315 mean: 1.355 median: 1.091 low: 0.868 |
|
| Quick Ratio | 1.644 | |
| Quick Ratio QoQ | -9.308 % | |
| Quick Ratio YoY | -14.149 % | |
| Quick Ratio IPRWA | high: 10.846 ESP: 1.644 mean: 0.908 median: 0.724 low: 0.638 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | — | |
| Interest Coverage Ratio | 20.461 | |
| Interest Coverage Ratio QoQ | -2.858 % | |
| Interest Coverage Ratio YoY | 70.369 % | |
| Interest Coverage Ratio IPRWA | high: 41.429 ESP: 20.461 median: 13.222 mean: 12.595 low: -48.0 |
|
| Operating Cash Flow Ratio | 0.019 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 38.722 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.097 | |
| Dividend Payout Ratio | 0.244 | |
| Dividend Rate | $ 0.23 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 12.725 % | |
| Revenue Growth | -5.885 % | |
| Revenue Growth QoQ | -117.579 % | |
| Revenue Growth YoY | -75.775 % | |
| Revenue Growth IPRWA | high: 54.471 % median: 4.97 % mean: 1.357 % ESP: -5.885 % low: -62.747 % |
|
| Earnings Growth | — | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | 37.026 % | |
| Gross Margin QoQ | 6.676 % | |
| Gross Margin YoY | 29.38 % | |
| Gross Margin IPRWA | high: 69.217 % median: 50.246 % mean: 44.508 % ESP: 37.026 % low: -30.324 % |
|
| EBIT Margin | 26.118 % | |
| EBIT Margin QoQ | 3.217 % | |
| EBIT Margin YoY | 53.662 % | |
| EBIT Margin IPRWA | high: 26.648 % ESP: 26.118 % median: 19.794 % mean: 18.611 % low: -109.13 % |
|
| Return On Sales (ROS) | 26.118 % | |
| Return On Sales QoQ | 3.217 % | |
| Return On Sales YoY | 53.662 % | |
| Return On Sales IPRWA | high: 26.702 % ESP: 26.118 % median: 19.75 % mean: 19.093 % low: -109.13 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 3.2 M | |
| Free Cash Flow Yield | 1.74 % | |
| Free Cash Flow Yield QoQ | -159.365 % | |
| Free Cash Flow Yield YoY | -86.738 % | |
| Free Cash Flow Yield IPRWA | high: 2.563 % ESP: 1.74 % median: 0.831 % mean: 0.646 % low: -11.857 % |
|
| Free Cash Growth | -177.415 % | |
| Free Cash Growth QoQ | -8.222 % | |
| Free Cash Growth YoY | -232.919 % | |
| Free Cash Growth IPRWA | high: 325.08 % median: 15.282 % mean: -6.689 % ESP: -177.415 % low: -568.477 % |
|
| Free Cash To Net Income | 1.117 | |
| Cash Flow Margin | 6.737 % | |
| Cash Flow To Earnings | 0.269 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | 3.162 % | |
| Return On Assets QoQ | -4.182 % | |
| Return On Assets YoY | 23.371 % | |
| Return On Assets IPRWA | high: 3.553 % ESP: 3.162 % median: 2.102 % mean: 1.907 % low: -11.724 % |
|
| Return On Capital Employed (ROCE) | 5.288 % | |
| Return On Equity (ROE) | 0.051 | |
| Return On Equity QoQ | -3.68 % | |
| Return On Equity YoY | 38.027 % | |
| Return On Equity IPRWA | high: 0.142 ESP: 0.051 mean: 0.045 median: 0.034 low: -0.224 |
|
| DuPont ROE | 5.227 % | |
| Return On Invested Capital (ROIC) | 4.467 % | |
| Return On Invested Capital QoQ | -2.997 % | |
| Return On Invested Capital YoY | 44.704 % | |
| Return On Invested Capital IPRWA | high: 5.266 % ESP: 4.467 % mean: 3.007 % median: 2.931 % low: -5.81 % |
|