Recent News
July 6–7, 2026: Company named Karen Fascenda Chief Human Resources Officer, effective July 6, 2026. June–September 2026: multiple insider and Form 4 filings disclosed changes in beneficial ownership across June and September. Early September 2026: a reported executive sale disclosed on September 1, 2026. The company also listed upcoming investor events and conference participation through the summer.
Technical Analysis
ADX and Directional Indicators: ADX at 15.45 signals no established trend; directional readings show DI+ at 22.71 (dip & reversal) and DI– at 23.70 (peak & reversal), collectively implying a shift toward bullish directional pressure even while overall trend strength remains low. This supports a near-term bias consistent with WMDST’s undervaluation view but warns against assuming a strong breakout.
MACD: MACD equals 0.28 with a signal line at 0.54, and the MACD trend shows a dip & reversal. Momentum shows early recovery but the MACD remains below its signal line, indicating momentum improvement without a confirmed bullish crossover; that partial momentum recovery aligns with the margin and cash-flow strengths in the fundamentals but limits conviction for sustained rallies.
MRO: MRO reads 26.53 with a dip & reversal. The positive MRO indicates price currently sits above model target, implying potential mean-reversion pressure; the recent dip-and-reversal suggests that downward pressure may ease, yet MRO’s level signals caution for continued upside without follow-through.
RSI and Short-Term Price Structure: RSI at 55.39 (dip & reversal) sits in neutral-to-mildly bullish territory. Price trades around $41.65, above the 200-day average ($34.52) and near short-term averages (20-day average $41.84, 50-day average $40.26), indicating steady positioning above long-term support but limited short-term momentum to force a rapid run to the analyst mean target.
EMA, Ichimoku, Bollinger, Volume: The 12-day EMA trend shows a dip & reversal and price sits above the Ichimoku Kijun-Sen ($40.66), reinforcing short-term support. Bollinger bands place the upper 1x standard-deviation at $43.36; current price remains below that level. Volume has run above the 10-day average, suggesting increased participation during the recent consolidation phase.
Fundamental Analysis
Revenue and Profitability: Total revenue stands at $129,578,000. Operating income (EBIT) equals $14,138,000 and EBITDA equals $16,821,000. Operating (EBIT) margin sits at 10.91%, modestly below the industry peer mean of 11.14% but above the industry peer median of 7.72%. Operating margin improved QoQ by 36.94% and YoY by 28.00%, indicating meaningful margin expansion even where top-line momentum shows mixed timing.
Growth Rates: Reported revenue growth QoQ equals -19.23% while revenue growth YoY equals 143.58%; earnings growth measures include an earnings growth figure of 28.57% and an earnings growth YoY of 195.25%. These data indicate substantial year-over-year improvement alongside quarter-to-quarter variability, which increases sensitivity of current multiples to future quarterly performance.
Liquidity and Capital Structure: Cash equals $219,751,000 and cash and short-term investments total $231,099,000 versus total debt of $13,595,000, delivering a low debt profile (debt-to-assets 3.24%). The cash conversion cycle equals -151.12 days compared with an industry peer mean of 78.37 days, reflecting strong working-capital advantage and cash-generation efficiency that underpin solvency and operational flexibility.
Valuation Metrics and Cash Flow: EPS actual equals $0.45 versus an estimate of $0.35, an EPS surprise of 28.57%. P/E equals 82.81 versus an industry peer mean of 78.72 (slightly above the peer mean and below the peer median), while price-to-book equals 4.95—above the industry peer mean of 3.87 and slightly below the industry peer median of 5.11. Price-to-sales equals 9.01, above the industry peer mean of 6.78. Free cash flow equals $29,406,000 and free cash flow yield equals 2.52%, above the industry peer mean of -2.51% and above the peer median. Together, strong cash balances, low leverage, and improving margins support WMDST’s current valuation view despite elevated earnings multiples.
Valuation Conclusion: WMDST values the stock as under-valued given robust cash resources, negative cash-conversion days, and margin expansion; however, elevated P/E and PS multiples make the valuation sensitive to near-term revenue volatility and quarterly execution.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-06 |
| NEXT REPORT DATE: | 2026-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 195.3 M |
| Operating Cash Flow | $ 31.2 M | |
| Capital Expenditures | $ -1.77 M | |
| Change In Working Capital | $ 12.5 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 24.4 M | |
| End Period Cash Flow | $ 219.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 129.6 M | |
| Forward Revenue | $ 44.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 65.7 M | |
| Depreciation | $ 2.7 M | |
| Depreciation and Amortization | $ 2.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 115.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 63.8 M | |
| EBITDA | $ 16.8 M | |
| EBIT | $ 14.1 M | |
| Operating Income | $ 14.1 M | |
| Interest Income | $ 1.4 M | |
| Interest Expense | — | |
| Net Interest Income | $ 1.4 M | |
| Income Before Tax | $ 15.5 M | |
| Tax Provision | $ 5.1 M | |
| Tax Rate | 32.727 % | |
| Net Income | $ 10.4 M | |
| Net Income From Continuing Operations | $ 10.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.35 | |
| EPS Actual | $ 0.45 | |
| EPS Difference | $ 0.10 | |
| EPS Surprise | 28.571 % | |
| Forward EPS | $ 0.46 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 420.1 M | |
| Intangible Assets | $ 113.8 M | |
| Net Tangible Assets | $ 122.0 M | |
| Total Current Assets | $ 271.5 M | |
| Cash and Short-Term Investments | $ 231.1 M | |
| Cash | $ 219.8 M | |
| Net Receivables | $ 12.5 M | |
| Inventory | $ 15.5 M | |
| Long-Term Investments | $ 3.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 132.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 171.8 M | |
| Net Debt | — | |
| Total Debt | $ 13.6 M | |
| Total Liabilities | $ 184.2 M | |
| EQUITY | ||
| Total Equity | $ 235.9 M | |
| Retained Earnings | $ 63.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 7.53 | |
| Shares Outstanding | 31.324 M | |
| Revenue Per-Share | $ 4.14 | |
| VALUATION | Market Capitalization | $ 1.2 B |
| Enterprise Value | $ 949.7 M | |
| Enterprise Multiple | 56.46 | |
| Enterprise Multiple QoQ | -16.053 % | |
| Enterprise Multiple YoY | 12.786 % | |
| Enterprise Multiple IPRWA | high: 79.69 median: 79.69 mean: 64.626 LQDT: 56.46 low: -16.397 |
|
| EV/R | 7.329 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.781 | |
| Asset To Liability | 2.28 | |
| Debt To Capital | 0.054 | |
| Debt To Assets | 0.032 | |
| Debt To Assets QoQ | -10.879 % | |
| Debt To Assets YoY | -14.865 % | |
| Debt To Assets IPRWA | high: 0.569 mean: 0.414 median: 0.386 low: 0.076 LQDT: 0.032 |
|
| Debt To Equity | 0.058 | |
| Debt To Equity QoQ | -11.946 % | |
| Debt To Equity YoY | -15.06 % | |
| Debt To Equity IPRWA | high: 8.253 mean: 2.747 median: 1.093 low: 0.103 LQDT: 0.058 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.949 | |
| Price To Book QoQ | 8.377 % | |
| Price To Book YoY | 29.509 % | |
| Price To Book IPRWA | high: 5.11 median: 5.11 LQDT: 4.949 mean: 3.875 low: 0.803 |
|
| Price To Earnings (P/E) | 82.807 | |
| Price To Earnings QoQ | -10.906 % | |
| Price To Earnings YoY | 11.416 % | |
| Price To Earnings IPRWA | high: 94.593 median: 94.593 LQDT: 82.807 mean: 78.724 low: 31.873 |
|
| PE/G Ratio | 2.898 | |
| Price To Sales (P/S) | 9.008 | |
| Price To Sales QoQ | 7.247 % | |
| Price To Sales YoY | 35.431 % | |
| Price To Sales IPRWA | high: 12.723 LQDT: 9.008 median: 7.971 mean: 6.781 low: 1.013 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 80.585 | |
| Forward PE/G | 2.821 | |
| Forward P/S | 27.257 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 6.41 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.316 | |
| Asset Turnover Ratio QoQ | 0.663 % | |
| Asset Turnover Ratio YoY | -3.666 % | |
| Asset Turnover Ratio IPRWA | LQDT: 0.316 high: 0.238 median: 0.238 mean: 0.186 low: 0.083 |
|
| Receivables Turnover | 10.161 | |
| Receivables Turnover Ratio QoQ | 2.336 % | |
| Receivables Turnover Ratio YoY | 73.339 % | |
| Receivables Turnover Ratio IPRWA | LQDT: 10.161 high: 5.794 median: 1.387 mean: 1.252 low: 0.957 |
|
| Inventory Turnover | 3.675 | |
| Inventory Turnover Ratio QoQ | -1.85 % | |
| Inventory Turnover Ratio YoY | 4.154 % | |
| Inventory Turnover Ratio IPRWA | high: 9.457 median: 9.457 mean: 7.31 LQDT: 3.675 low: 0.934 |
|
| Days Sales Outstanding (DSO) | 8.98 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -151.118 | |
| Cash Conversion Cycle Days QoQ | 10.077 % | |
| Cash Conversion Cycle Days YoY | 29.822 % | |
| Cash Conversion Cycle Days IPRWA | high: 192.708 mean: 78.367 median: 41.285 low: -45.152 LQDT: -151.118 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.3 | |
| CapEx To Revenue | -0.014 | |
| CapEx To Depreciation | -0.659 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 235.9 M | |
| Net Invested Capital | $ 235.9 M | |
| Invested Capital | $ 235.9 M | |
| Net Tangible Assets | $ 122.0 M | |
| Net Working Capital | $ 99.7 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.345 | |
| Current Ratio | 1.58 | |
| Current Ratio QoQ | 4.393 % | |
| Current Ratio YoY | 10.526 % | |
| Current Ratio IPRWA | high: 1.694 LQDT: 1.58 median: 1.389 mean: 1.336 low: 0.752 |
|
| Quick Ratio | 1.49 | |
| Quick Ratio QoQ | 7.079 % | |
| Quick Ratio YoY | 12.844 % | |
| Quick Ratio IPRWA | LQDT: 1.49 high: 1.322 median: 1.322 mean: 1.235 low: 0.708 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.808 | |
| Cost Of Debt | 0.048 % | |
| Interest Coverage Ratio | 1413.8 | |
| Interest Coverage Ratio QoQ | 46.965 % | |
| Interest Coverage Ratio YoY | 38.364 % | |
| Interest Coverage Ratio IPRWA | LQDT: 1413.8 high: 7.486 mean: 4.857 median: 4.833 low: -161.0 |
|
| Operating Cash Flow Ratio | 0.121 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 185.264 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.915 % | |
| Revenue Growth | 7.327 % | |
| Revenue Growth QoQ | -1922.637 % | |
| Revenue Growth YoY | 143.584 % | |
| Revenue Growth IPRWA | high: 13.724 % median: 13.724 % mean: 10.387 % LQDT: 7.327 % low: -3.615 % |
|
| Earnings Growth | 28.571 % | |
| Earnings Growth QoQ | -378.578 % | |
| Earnings Growth YoY | 195.246 % | |
| Earnings Growth IPRWA | high: 426.316 % mean: 129.225 % median: 37.5 % LQDT: 28.571 % low: 20.0 % |
|
| MARGINS | ||
| Gross Margin | 49.265 % | |
| Gross Margin QoQ | 6.459 % | |
| Gross Margin YoY | 7.836 % | |
| Gross Margin IPRWA | LQDT: 49.265 % high: 48.802 % median: 31.189 % mean: 30.223 % low: 19.594 % |
|
| EBIT Margin | 10.911 % | |
| EBIT Margin QoQ | 36.935 % | |
| EBIT Margin YoY | 28.003 % | |
| EBIT Margin IPRWA | high: 24.081 % mean: 11.137 % LQDT: 10.911 % median: 7.72 % low: -22.316 % |
|
| Return On Sales (ROS) | 10.911 % | |
| Return On Sales QoQ | 36.935 % | |
| Return On Sales YoY | 28.003 % | |
| Return On Sales IPRWA | high: 24.099 % mean: 11.168 % LQDT: 10.911 % median: 7.764 % low: -22.316 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 29.4 M | |
| Free Cash Flow Yield | 2.519 % | |
| Free Cash Flow Yield QoQ | -6.773 % | |
| Free Cash Flow Yield YoY | 17.0 % | |
| Free Cash Flow Yield IPRWA | high: 3.38 % LQDT: 2.519 % median: 0.289 % mean: -2.514 % low: -10.864 % |
|
| Free Cash Growth | 7.313 % | |
| Free Cash Growth QoQ | -100.677 % | |
| Free Cash Growth YoY | -155.293 % | |
| Free Cash Growth IPRWA | high: 156.133 % LQDT: 7.313 % median: -22.388 % mean: -85.103 % low: -359.058 % |
|
| Free Cash To Net Income | 2.82 | |
| Cash Flow Margin | 16.017 % | |
| Cash Flow To Earnings | 1.991 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.541 % | |
| Return On Assets QoQ | 29.974 % | |
| Return On Assets YoY | 25.358 % | |
| Return On Assets IPRWA | LQDT: 2.541 % high: 1.38 % median: 1.047 % mean: 0.812 % low: -20.452 % |
|
| Return On Capital Employed (ROCE) | 5.695 % | |
| Return On Equity (ROE) | 0.044 | |
| Return On Equity QoQ | 30.528 % | |
| Return On Equity YoY | 24.5 % | |
| Return On Equity IPRWA | LQDT: 0.044 high: 0.028 median: 0.028 mean: 0.023 low: -0.306 |
|
| DuPont ROE | 4.554 % | |
| Return On Invested Capital (ROIC) | 4.033 % | |
| Return On Invested Capital QoQ | 32.1 % | |
| Return On Invested Capital YoY | 25.521 % | |
| Return On Invested Capital IPRWA | LQDT: 4.033 % high: 2.117 % median: 1.78 % mean: 1.661 % low: -3.702 % |
|