Recent News
On July 9, 2025 the Board declared a quarterly cash dividend of $0.16 per share, payable August 8, 2025 to holders of record August 1, 2025.
Public filings and alerts through August showed institutional repositioning: Point72 Asset Management closed its UVE position in filings reported August 14, 2025, and Vanguard reduced its stake in a report dated August 27, 2025.
Technical Analysis
Directional indicators: ADX at 17.82 signals no established trend, while DI+ at 30.93 registers as increasing, a bullish directional reading; DI- at 21.31 shows a peak-and-reversal, which aligns with the bullish DI+ behavior and supports continuation of upward pressure toward short-term resistance.
MACD: MACD sits at 0.26, above the signal line at 0.17, and the MACD trend shows increasing momentum; the cross above the signal line functions as a bullish momentum confirmation for near-term price bias.
MRO: MRO at -5.98 indicates the price sits below the model target, implying upward potential as the oscillator’s negative value suggests mean reversion toward target levels.
RSI: RSI at 51.46 with an increasing trend places momentum in neutral-to-favorable territory, supporting limited upside without overbought pressure.
Price vs. averages and overlays: Last close $25.61 trades above the 12-day EMA ($25.13), the 20-day average ($25.07) and the 50-day average ($24.35), while the 200-day average rests at $23.03; Ichimoku Tenkan at $25.07 and Kijun at $24.69 sit below the close, reinforcing near-term bullish alignment. The close slightly exceeds the 1x Bollinger upper band ($25.56), signaling compression breakout risk-reward with proximate resistance near the upper band.
Volume and volatility: Session volume of 251,900 exceeds the 10-day average (159,710) and the 200-day average (202,148), supporting the directional move; 42-day and 52-week volatility at ~2% indicate contained price swings consistent with the low-beta profile (42-day beta 0.57, 52-week beta 0.55).
Fundamental Analysis
Earnings and per-share metrics: Reported EPS of $1.23 exceeded the $1.09 estimate by 12.84%, a positive earnings surprise that supports short-term sentiment. Forward EPS equals $0.57 with a forward P/E of 44.68, implying higher multiple compression versus trailing P/E of 20.58.
Profitability and margins: EBIT stands at $47,817,000 with an EBIT margin of 11.95%, down QoQ by 17.06% and down YoY by 7.94%. The EBIT margin sits below the industry peer mean of 19.77% and below the industry peer median of 18.42%, indicating room for margin recovery relative to peers.
Growth and cash flow: Revenue showed large negative quarter- and year-over-year deltas (revenue growth QoQ -48.89%, YoY -59.89%), while free cash flow equals $105,246,000 producing a free cash flow yield of 15.41%, materially above the industry peer mean of 2.96%. Free cash flow growth reads negative QoQ but positive YoY, highlighting variable operating timing with strong cash conversion relative to reported net income (free cash to net income ≈ 300%).
Returns and capital structure: Return on equity equals 7.67%, above the industry peer mean of 6.59% and above the peer median of 5.57%; return on assets equals 1.17%, slightly below the industry peer mean of 1.71%. Debt-to-assets at 3.08% sits below the industry peer mean of 5.47%, and interest coverage near 33.4x indicates low leverage and ample coverage.
Valuation summary: Price/book at 1.49 sits well below the industry peer mean of 3.03 and the peer median of 2.40; price/sales at 1.71 and trailing P/E at 20.58 present a moderate earnings multiple. WMDST values the stock as under-valued, a view supported by elevated free cash flow yield and conservative leverage despite compressed revenue growth and QoQ margin declines.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-24 |
| NEXT REPORT DATE: | 2025-10-23 |
| CASH FLOW | Begin Period Cash Flow | $ 400.8 M |
| Operating Cash Flow | $ 106.2 M | |
| Capital Expenditures | $ -977.00 K | |
| Change In Working Capital | $ 71.1 M | |
| Dividends Paid | $ -4.52 M | |
| Cash Flow Delta | $ 34.9 M | |
| End Period Cash Flow | $ 435.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 400.1 M | |
| Forward Revenue | $ 45.2 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 353.8 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | $ 47.8 M | |
| Operating Income | — | |
| Interest Income | $ -177.00 K | |
| Interest Expense | $ 1.4 M | |
| Net Interest Income | $ -1.61 M | |
| Income Before Tax | $ 46.4 M | |
| Tax Provision | $ 11.3 M | |
| Tax Rate | 24.346 % | |
| Net Income | $ 35.1 M | |
| Net Income From Continuing Operations | $ 35.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.09 | |
| EPS Actual | $ 1.23 | |
| EPS Difference | $ 0.14 | |
| EPS Surprise | 12.844 % | |
| Forward EPS | $ 0.57 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.3 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 457.8 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 563.4 M | |
| Cash | $ 367.1 M | |
| Net Receivables | $ 465.6 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 709.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 100.9 M | |
| Total Liabilities | $ 2.8 B | |
| EQUITY | ||
| Total Equity | $ 457.8 M | |
| Retained Earnings | $ 664.3 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 16.39 | |
| Shares Outstanding | 27.927 M | |
| Revenue Per-Share | $ 14.33 | |
| VALUATION | Market Capitalization | $ 683.1 M |
| Enterprise Value | $ 220.6 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 0.551 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.155 | |
| Asset To Liability | 1.162 | |
| Debt To Capital | 0.181 | |
| Debt To Assets | 0.031 | |
| Debt To Assets QoQ | -17.276 % | |
| Debt To Assets YoY | -18.846 % | |
| Debt To Assets IPRWA | high: 0.141 median: 0.06 mean: 0.055 UVE: 0.031 low: 0.001 |
|
| Debt To Equity | 0.22 | |
| Debt To Equity QoQ | -7.908 % | |
| Debt To Equity YoY | -14.747 % | |
| Debt To Equity IPRWA | high: 0.818 mean: 0.233 median: 0.223 UVE: 0.22 low: 0.003 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.492 | |
| Price To Book QoQ | 2.814 % | |
| Price To Book YoY | 11.331 % | |
| Price To Book IPRWA | high: 8.591 mean: 3.028 median: 2.405 UVE: 1.492 low: 0.349 |
|
| Price To Earnings (P/E) | 20.585 | |
| Price To Earnings QoQ | 36.315 % | |
| Price To Earnings YoY | 31.412 % | |
| Price To Earnings IPRWA | high: 107.296 median: 54.538 mean: 51.654 UVE: 20.585 low: -63.287 |
|
| PE/G Ratio | -1.412 | |
| Price To Sales (P/S) | 1.707 | |
| Price To Sales QoQ | 9.967 % | |
| Price To Sales YoY | 23.158 % | |
| Price To Sales IPRWA | high: 22.821 median: 6.744 mean: 6.677 UVE: 1.707 low: 0.913 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 44.676 | |
| Forward PE/G | -3.064 | |
| Forward P/S | 15.12 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -11.942 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.134 | |
| Asset Turnover Ratio QoQ | -6.009 % | |
| Asset Turnover Ratio YoY | -15.7 % | |
| Asset Turnover Ratio IPRWA | high: 0.263 UVE: 0.134 mean: 0.119 median: 0.088 low: 0.007 |
|
| Receivables Turnover | 0.793 | |
| Receivables Turnover Ratio QoQ | 25.444 % | |
| Receivables Turnover Ratio YoY | -56.523 % | |
| Receivables Turnover Ratio IPRWA | high: 1.664 UVE: 0.793 mean: 0.695 median: 0.57 low: 0.075 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 115.008 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.002 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 558.7 M | |
| Net Invested Capital | $ 558.7 M | |
| Invested Capital | $ 558.7 M | |
| Net Tangible Assets | $ 457.8 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.072 % | |
| Interest Coverage Ratio | 33.415 | |
| Interest Coverage Ratio QoQ | -15.715 % | |
| Interest Coverage Ratio YoY | -2.093 % | |
| Interest Coverage Ratio IPRWA | high: 116.937 mean: 37.333 UVE: 33.415 median: 28.03 low: -3.125 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 7.769 | |
| Dividend Payout Ratio | 0.129 | |
| Dividend Rate | $ 0.16 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 20.669 % | |
| Revenue Growth | 1.336 % | |
| Revenue Growth QoQ | -48.891 % | |
| Revenue Growth YoY | -59.892 % | |
| Revenue Growth IPRWA | high: 26.578 % mean: 6.36 % median: 6.053 % UVE: 1.336 % low: -14.462 % |
|
| Earnings Growth | -14.583 % | |
| Earnings Growth QoQ | -103.064 % | |
| Earnings Growth YoY | -241.858 % | |
| Earnings Growth IPRWA | high: 69.231 % mean: 23.596 % median: 4.946 % UVE: -14.583 % low: -133.505 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 11.95 % | |
| EBIT Margin QoQ | -17.06 % | |
| EBIT Margin YoY | -7.935 % | |
| EBIT Margin IPRWA | high: 56.115 % mean: 19.768 % median: 18.418 % UVE: 11.95 % low: -6.456 % |
|
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 105.2 M | |
| Free Cash Flow Yield | 15.407 % | |
| Free Cash Flow Yield QoQ | -49.098 % | |
| Free Cash Flow Yield YoY | 13.345 % | |
| Free Cash Flow Yield IPRWA | UVE: 15.407 % high: 9.624 % mean: 2.955 % median: 2.89 % low: -2.404 % |
|
| Free Cash Growth | -43.276 % | |
| Free Cash Growth QoQ | -84.626 % | |
| Free Cash Growth YoY | 331.896 % | |
| Free Cash Growth IPRWA | high: 452.291 % mean: 7.42 % median: -22.541 % UVE: -43.276 % low: -536.334 % |
|
| Free Cash To Net Income | 2.999 | |
| Cash Flow Margin | 176.66 % | |
| Cash Flow To Earnings | 20.143 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.172 % | |
| Return On Assets QoQ | -21.448 % | |
| Return On Assets YoY | -20.596 % | |
| Return On Assets IPRWA | high: 3.613 % median: 1.769 % mean: 1.71 % UVE: 1.172 % low: -2.104 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.077 | |
| Return On Equity QoQ | -21.873 % | |
| Return On Equity YoY | -14.89 % | |
| Return On Equity IPRWA | high: 0.129 UVE: 0.077 mean: 0.066 median: 0.056 low: -0.085 |
|
| DuPont ROE | 7.974 % | |
| Return On Invested Capital (ROIC) | 6.475 % | |
| Return On Invested Capital QoQ | -20.278 % | |
| Return On Invested Capital YoY | -152.239 % | |
| Return On Invested Capital IPRWA | high: 11.32 % UVE: 6.475 % mean: 5.549 % median: 4.929 % low: -2.574 % |
|