Recent News
On July 7, 2026 the company announced an innovative flexible-packaging solution developed in collaboration with major packaging and consumer-goods partners, emphasizing product development and market applications. A July 2026 corporate release and filings confirm routine investor events tied to second-quarter results and related disclosures.
Technical Analysis
Directional indicators: ADX at 19.91 indicates no established trend; DI+ shows a peak & reversal while DI- shows a dip & reversal, which together signal bearish directional pressure without a strong trend — consistent with consolidation risk against WMDST’s over-valued assessment.
MACD: MACD registers 0.79 with a peak & reversal and sits below its signal line (0.94), indicating bearish momentum and the absence of a bullish MACD crossover to support sustained upside.
MRO: MRO at 26.42 with a peak & reversal signals the price sits above the model target and faces mean-reversion pressure; this reinforces a near-term bias toward price moderation relative to the current valuation.
RSI: RSI 51.71 with a peak & reversal reads as neutral momentum that recently rolled over, reducing the likelihood of immediate bullish follow-through and supporting a consolidation outlook.
Price structure and averages: The close at $64.51 sits marginally below the 20-day average ($64.78) and above the 50-day ($61.04) and 200-day ($60.06) averages; the 12-day EMA shows a peak & reversal. Bollinger bands place the price comfortably between the 1x-band bounds ($62.87–$66.69), and the super-trend upper at $67.06 marks nearby resistance. These signals point to range-bound trading with resistance near the high-$60s and support in the low-$60s.
Fundamental Analysis
Profitability and margins: EBIT of $275.0M and EBITDA of $617.0M produce an EBIT margin of 3.82%, down 28.10% QoQ but up 76.74% YoY; this EBIT margin sits above the industry peer mean (-0.66%) and above the industry peer median (-5.05%), indicating stronger operating profitability versus the peer central tendency despite the recent QoQ compression. Gross margin stands at 9.74%, up 36.21% YoY, supporting the improved year-over-year margin profile.
Earnings and per-share metrics: Reported EPS of $4.30 exceeded the estimate of $3.42 by $0.88, a 25.73% beat; forward EPS sits near $1.60, producing a forward P/E of 37.89 while the trailing P/E reads 137.58. The trailing P/E lies outside the industry peer range (industry peer high ~54.87), indicating the trailing multiple sits well above typical peer levels.
Balance sheet and cash flow: Total revenue $7.197B with net income $123.0M, operating cash flow negative $269.0M and free cash flow negative $538.0M. Cash and short-term investments total $2.635B against net debt of $10.286B. Free cash flow yield registers negative (~-2.47%) and dividend payout ratio sits at 182.11% with a dividend yield near 1.03%, reflecting a disconnect between cash generation and cash returned to shareholders.
Leverage and returns: Debt-to-assets at 41.97% and debt-to-equity at 141.95% with debt-to-EBITDA about 23.10 indicate elevated leverage relative to operating cash generation. Return on equity near 1.23% and return on invested capital roughly 0.72% remain low, even as YoY improvements in margins and earnings occurred; earnings growth displays a negative multi-year trend but showed positive QoQ and YoY inflections in recent periods.
Valuation stance: WMDST values the stock as over-valued given the combination of a trailing P/E materially above the industry peer high, negative free cash flow, and elevated leverage that contrasts with improving YoY margins and an EPS beat. Enterprise multiple registers high relative to internal valuation metrics, reinforcing the WMDST over-valued designation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-07-31 |
| NEXT REPORT DATE: | 2026-10-30 |
| CASH FLOW | Begin Period Cash Flow | $ 3.4 B |
| Operating Cash Flow | $ -269.00 M | |
| Capital Expenditures | $ -269.00 M | |
| Change In Working Capital | $ -602.00 M | |
| Dividends Paid | $ -224.00 M | |
| Cash Flow Delta | $ -810.00 M | |
| End Period Cash Flow | $ 2.6 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 7.2 B | |
| Forward Revenue | $ 7.5 B | |
| COSTS | ||
| Cost Of Revenue | $ 6.5 B | |
| Depreciation | $ 342.0 M | |
| Depreciation and Amortization | $ 342.0 M | |
| Research and Development | $ 36.0 M | |
| Total Operating Expenses | $ 6.9 B | |
| PROFITABILITY | ||
| Gross Profit | $ 701.0 M | |
| EBITDA | $ 617.0 M | |
| EBIT | $ 275.0 M | |
| Operating Income | $ 254.0 M | |
| Interest Income | $ 31.0 M | |
| Interest Expense | $ 138.0 M | |
| Net Interest Income | $ -107.00 M | |
| Income Before Tax | $ 137.0 M | |
| Tax Provision | $ -2.00 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 123.0 M | |
| Net Income From Continuing Operations | $ 125.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.42 | |
| EPS Actual | $ 4.30 | |
| EPS Difference | $ 0.88 | |
| EPS Surprise | 25.731 % | |
| Forward EPS | $ 1.60 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 34.0 B | |
| Intangible Assets | $ 1.1 B | |
| Net Tangible Assets | $ 8.9 B | |
| Total Current Assets | $ 11.1 B | |
| Cash and Short-Term Investments | $ 2.6 B | |
| Cash | $ 2.6 B | |
| Net Receivables | $ 3.0 B | |
| Inventory | $ 3.6 B | |
| Long-Term Investments | $ 639.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 2.9 B | |
| Short-Term Debt | $ 1.7 B | |
| Total Current Liabilities | $ 7.2 B | |
| Net Debt | $ 10.3 B | |
| Total Debt | $ 14.3 B | |
| Total Liabilities | $ 23.8 B | |
| EQUITY | ||
| Total Equity | $ 10.0 B | |
| Retained Earnings | $ 6.7 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 31.11 | |
| Shares Outstanding | 322.770 M | |
| Revenue Per-Share | $ 22.30 | |
| VALUATION | Market Capitalization | $ 21.8 B |
| Enterprise Value | $ 33.4 B | |
| Enterprise Multiple | 54.095 | |
| Enterprise Multiple QoQ | -23.404 % | |
| Enterprise Multiple YoY | -19.226 % | |
| Enterprise Multiple IPRWA | high: 194.687 median: 117.885 mean: 100.702 LYB: 54.095 low: 10.334 |
|
| EV/R | 4.638 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.382 | |
| Asset To Liability | 1.427 | |
| Debt To Capital | 0.587 | |
| Debt To Assets | 0.42 | |
| Debt To Assets QoQ | -2.488 % | |
| Debt To Assets YoY | 16.616 % | |
| Debt To Assets IPRWA | high: 0.892 mean: 0.42 LYB: 0.42 median: 0.326 low: 0.003 |
|
| Debt To Equity | 1.42 | |
| Debt To Equity QoQ | -2.21 % | |
| Debt To Equity YoY | 36.852 % | |
| Debt To Equity IPRWA | high: 2.687 LYB: 1.42 mean: 1.057 median: 0.751 low: 0.004 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.167 | |
| Price To Book QoQ | 42.889 % | |
| Price To Book YoY | 20.538 % | |
| Price To Book IPRWA | high: 3.021 LYB: 2.167 median: 1.608 mean: 1.301 low: -0.199 |
|
| Price To Earnings (P/E) | 137.581 | |
| Price To Earnings QoQ | -175.343 % | |
| Price To Earnings YoY | -33.207 % | |
| Price To Earnings IPRWA | LYB: 137.581 high: 54.874 mean: -63.754 median: -81.887 low: -157.884 |
|
| PE/G Ratio | -0.477 | |
| Price To Sales (P/S) | 3.023 | |
| Price To Sales QoQ | 40.198 % | |
| Price To Sales YoY | 5.735 % | |
| Price To Sales IPRWA | high: 7.245 median: 5.182 mean: 3.464 LYB: 3.023 low: 0.203 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 37.892 | |
| Forward PE/G | -0.131 | |
| Forward P/S | 2.84 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1906.542 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.212 | |
| Asset Turnover Ratio QoQ | 1.243 % | |
| Asset Turnover Ratio YoY | -2.148 % | |
| Asset Turnover Ratio IPRWA | high: 0.282 LYB: 0.212 mean: 0.165 median: 0.134 low: 0.088 |
|
| Receivables Turnover | 2.692 | |
| Receivables Turnover Ratio QoQ | -1.581 % | |
| Receivables Turnover Ratio YoY | 17.123 % | |
| Receivables Turnover Ratio IPRWA | high: 4.196 LYB: 2.692 mean: 2.295 median: 2.012 low: 1.622 |
|
| Inventory Turnover | 1.812 | |
| Inventory Turnover Ratio QoQ | 6.534 % | |
| Inventory Turnover Ratio YoY | 21.901 % | |
| Inventory Turnover Ratio IPRWA | high: 1.87 LYB: 1.812 median: 1.526 mean: 1.434 low: 0.443 |
|
| Days Sales Outstanding (DSO) | 33.891 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 44.534 | |
| Cash Conversion Cycle Days QoQ | -8.879 % | |
| Cash Conversion Cycle Days YoY | -12.914 % | |
| Cash Conversion Cycle Days IPRWA | high: 190.998 median: 79.447 mean: 71.188 LYB: 44.534 low: -4.195 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.86 | |
| CapEx To Revenue | -0.037 | |
| CapEx To Depreciation | -0.787 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 21.3 B | |
| Net Invested Capital | $ 23.0 B | |
| Invested Capital | $ 23.0 B | |
| Net Tangible Assets | $ 8.9 B | |
| Net Working Capital | $ 3.9 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.367 | |
| Current Ratio | 1.538 | |
| Current Ratio QoQ | -13.25 % | |
| Current Ratio YoY | -15.808 % | |
| Current Ratio IPRWA | high: 3.65 median: 2.17 mean: 1.919 LYB: 1.538 low: 0.71 |
|
| Quick Ratio | 1.033 | |
| Quick Ratio QoQ | -13.722 % | |
| Quick Ratio YoY | -0.431 % | |
| Quick Ratio IPRWA | high: 3.574 median: 1.559 mean: 1.271 LYB: 1.033 low: 0.404 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 23.099 | |
| Cost Of Debt | 0.573 % | |
| Interest Coverage Ratio | 1.993 | |
| Interest Coverage Ratio QoQ | -2730.346 % | |
| Interest Coverage Ratio YoY | 28.448 % | |
| Interest Coverage Ratio IPRWA | high: 17.093 LYB: 1.993 mean: -0.799 low: -2.393 median: -2.393 |
|
| Operating Cash Flow Ratio | -0.008 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 37.764 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.549 | |
| Dividend Payout Ratio | 1.821 | |
| Dividend Rate | $ 0.69 | |
| Dividend Yield | 0.01 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.132 % | |
| Revenue Growth | 1.495 % | |
| Revenue Growth QoQ | -118.163 % | |
| Revenue Growth YoY | -107.801 % | |
| Revenue Growth IPRWA | high: 21.874 % median: 4.698 % mean: 2.852 % LYB: 1.495 % low: -5.378 % |
|
| Earnings Growth | -288.462 % | |
| Earnings Growth QoQ | 218.342 % | |
| Earnings Growth YoY | 415.111 % | |
| Earnings Growth IPRWA | high: 8.333 % median: -48.438 % mean: -64.0 % low: -130.394 % LYB: -288.462 % |
|
| MARGINS | ||
| Gross Margin | 9.74 % | |
| Gross Margin QoQ | 106.181 % | |
| Gross Margin YoY | 36.205 % | |
| Gross Margin IPRWA | high: 32.665 % LYB: 9.74 % mean: 7.154 % low: 4.223 % median: 4.223 % |
|
| EBIT Margin | 3.821 % | |
| EBIT Margin QoQ | -2809.929 % | |
| EBIT Margin YoY | 76.735 % | |
| EBIT Margin IPRWA | high: 28.434 % LYB: 3.821 % mean: -0.663 % median: -5.053 % low: -6.711 % |
|
| Return On Sales (ROS) | 3.529 % | |
| Return On Sales QoQ | -452.547 % | |
| Return On Sales YoY | 63.228 % | |
| Return On Sales IPRWA | high: 28.321 % LYB: 3.529 % mean: -2.904 % low: -5.807 % median: -5.807 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -538.00 M | |
| Free Cash Flow Yield | -2.472 % | |
| Free Cash Flow Yield QoQ | -135.764 % | |
| Free Cash Flow Yield YoY | -48.905 % | |
| Free Cash Flow Yield IPRWA | high: 13.526 % median: -2.205 % LYB: -2.472 % mean: -2.843 % low: -14.09 % |
|
| Free Cash Growth | -150.899 % | |
| Free Cash Growth QoQ | -281.393 % | |
| Free Cash Growth YoY | -13.903 % | |
| Free Cash Growth IPRWA | high: 236.5 % mean: -135.408 % median: -135.72 % LYB: -150.899 % low: -578.947 % |
|
| Free Cash To Net Income | -4.374 | |
| Cash Flow Margin | -0.764 % | |
| Cash Flow To Earnings | -0.447 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.362 % | |
| Return On Assets QoQ | -186.396 % | |
| Return On Assets YoY | -26.572 % | |
| Return On Assets IPRWA | high: 1.833 % LYB: 0.362 % mean: -0.478 % median: -0.852 % low: -1.678 % |
|
| Return On Capital Employed (ROCE) | 1.027 % | |
| Return On Equity (ROE) | 0.012 | |
| Return On Equity QoQ | -187.003 % | |
| Return On Equity YoY | -14.515 % | |
| Return On Equity IPRWA | high: 0.055 LYB: 0.012 median: -0.02 mean: -0.032 low: -0.092 |
|
| DuPont ROE | 1.223 % | |
| Return On Invested Capital (ROIC) | 0.719 % | |
| Return On Invested Capital QoQ | -1853.659 % | |
| Return On Invested Capital YoY | 69.176 % | |
| Return On Invested Capital IPRWA | high: 2.851 % LYB: 0.719 % mean: -0.177 % median: -0.784 % low: -1.114 % |
|