Recent News
On July 24, 2025 the Board declared a quarterly cash dividend of $0.50 per common share payable September 9, 2025 (record date August 18, 2025), and a preferred dividend payable September 2, 2025 (record date August 15, 2025). On July 29, 2025 the company released its Second Quarter 2025 results and related materials to investors.
Technical Analysis
ADX stands at 26.77, indicating a strong underlying trend; directional indicators favor downside as DI+ decreased to 23.73 while DI- recorded a dip-and-reversal that implies renewed selling pressure. That combination links to the current over-valued forecast and biases near-term price direction lower.
MACD sits at 0.47 and trends downward with the MACD below the 0.55 signal line, indicating bearish momentum; that weakness complements the directional indicator setup and increases the chance of further short-term concession to valuation.
MRO reads 7.38 and shows a peak-and-reversal pattern; the positive MRO level indicates price sits above the model target, which generally points toward mean reversion and potential downward pressure on the price relative to fundamentals.
RSI at 56.61 registered a peak-and-reversal; that removes immediate overbought risk but retains room for further pullback before reaching oversold territory, aligning with the broader bearish momentum signals.
Price sits at $31.32, above the 200-day average of $28.99 (supportive long-term bias) but below the 20-day average of $31.93 and beneath the 12-day EMA that showed a recent peak-and-reversal. Short-term moving averages therefore reflect a minor pullback inside a longer-term uptrend; the super-trend lower level near $30.98 and the 200-day average provide structural support.
Bollinger band edges at roughly $31.61 (lower) and $32.26 (upper) place the market near the lower band, suggesting heightened probability for a short-term mean reversion or continued pressure if momentum sustains. Ichimoku components cluster between $29.14 and $31.84, offering nearby support/resistance context consistent with the moving averages.
Fundamental Analysis
Revenue totaled $200,600,000 with reported revenue growth at 0.11% and revenue growth year-over-year at -103.49%. Operating income registered $51,947,000 while EBIT reached $56,886,000, producing an EBIT margin of 28.36%—above the industry peer mean of 17.88% and slightly above the industry peer median of 27.56%—though quarter-over-quarter EBIT margin contracted by 58.41% and year-over-year by 42.33%.
EPS arrived at $0.17 versus an estimate of $0.16, producing an EPS surprise of 6.25%. Funds and cash metrics show operating cash flow $116,531,000 and free cash flow $116,531,000 with a free cash flow yield of 3.65%, which sits above the industry peer mean of 2.60% and supports valuation resilience despite stretched multiples.
Market multiples appear elevated: trailing P/E stands at 178.18 and forward P/E at 305.91, both above the industry peer mean (trailing mean ~119.90, forward mean ~109.56). Price-to-book at 1.36 sits modestly above the industry peer mean of 1.22; price-to-sales near 15.91 marginally exceeds the peer mean of 15.12. Those multiples align with the WMDST valuation finding that the stock trades over-valued.
Leverage and coverage metrics show total debt $3,334,385,000 and debt-to-assets 55.04%; debt-to-EBITDA equals 25.34 and interest coverage near 1.51. Return metrics remain compressed: return on equity 0.80% and return on assets 0.31%. Dividend details present a $0.5052 annual rate and a dividend yield of 1.71%, paired with a dividend coverage ratio of 34.60% and a dividend payout ratio at 289.05%.
Valuation note: WMDST values the stock as over-valued. Elevated P/E multiples, forward earnings multiples, and a high payout ratio combine with weaker QoQ margin trends to justify the over-valued classification despite favorable free cash flow yield relative to peers.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-29 |
| NEXT REPORT DATE: | 2025-10-28 |
| CASH FLOW | Begin Period Cash Flow | $ 39.5 M |
| Operating Cash Flow | $ 116.5 M | |
| Capital Expenditures | $ -56.21 M | |
| Change In Working Capital | $ 18.8 M | |
| Dividends Paid | $ -54.50 M | |
| Cash Flow Delta | $ 494.0 K | |
| End Period Cash Flow | $ 40.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 200.6 M | |
| Forward Revenue | $ 28.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 63.7 M | |
| Depreciation | $ 74.7 M | |
| Depreciation and Amortization | $ 74.7 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 148.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 136.9 M | |
| EBITDA | $ 131.6 M | |
| EBIT | $ 56.9 M | |
| Operating Income | $ 51.9 M | |
| Interest Income | — | |
| Interest Expense | $ 37.7 M | |
| Net Interest Income | $ -37.66 M | |
| Income Before Tax | $ 19.2 M | |
| Tax Provision | — | |
| Tax Rate | 21.0 % | |
| Net Income | $ 18.9 M | |
| Net Income From Continuing Operations | $ 19.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.16 | |
| EPS Actual | $ 0.17 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 6.25 % | |
| Forward EPS | $ 0.10 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 6.1 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 2.4 B | |
| Total Current Assets | $ 458.0 M | |
| Cash and Short-Term Investments | $ 21.2 M | |
| Cash | $ 21.2 M | |
| Net Receivables | $ 342.3 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 281.2 M | |
| Net Debt | $ 3.3 B | |
| Total Debt | $ 3.3 B | |
| Total Liabilities | $ 3.6 B | |
| EQUITY | ||
| Total Equity | $ 2.3 B | |
| Retained Earnings | $ -802.63 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 21.74 | |
| Shares Outstanding | 107.887 M | |
| Revenue Per-Share | $ 1.86 | |
| VALUATION | Market Capitalization | $ 3.2 B |
| Enterprise Value | $ 6.5 B | |
| Enterprise Multiple | 49.449 | |
| Enterprise Multiple QoQ | 61.116 % | |
| Enterprise Multiple YoY | 48.75 % | |
| Enterprise Multiple IPRWA | high: 87.53 mean: 61.281 median: 55.51 HIW: 49.449 low: -10.887 |
|
| EV/R | 32.431 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.583 | |
| Asset To Liability | 1.676 | |
| Debt To Capital | 0.587 | |
| Debt To Assets | 0.55 | |
| Debt To Assets QoQ | 0.151 % | |
| Debt To Assets YoY | 2.975 % | |
| Debt To Assets IPRWA | high: 0.688 HIW: 0.55 mean: 0.483 median: 0.435 low: 0.363 |
|
| Debt To Equity | 1.422 | |
| Debt To Equity QoQ | 1.436 % | |
| Debt To Equity YoY | 6.259 % | |
| Debt To Equity IPRWA | high: 4.522 mean: 1.588 HIW: 1.422 median: 1.287 low: 0.688 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.361 | |
| Price To Book QoQ | 5.722 % | |
| Price To Book YoY | 23.281 % | |
| Price To Book IPRWA | high: 3.547 HIW: 1.361 mean: 1.223 median: 0.991 low: 0.018 |
|
| Price To Earnings (P/E) | 178.183 | |
| Price To Earnings QoQ | 469.996 % | |
| Price To Earnings YoY | 323.147 % | |
| Price To Earnings IPRWA | high: 463.524 HIW: 178.183 median: 122.356 mean: 119.901 low: -80.358 |
|
| PE/G Ratio | -2.191 | |
| Price To Sales (P/S) | 15.915 | |
| Price To Sales QoQ | 3.984 % | |
| Price To Sales YoY | 23.717 % | |
| Price To Sales IPRWA | high: 19.719 median: 16.62 HIW: 15.915 mean: 15.121 low: 0.163 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 305.911 | |
| Forward PE/G | -3.762 | |
| Forward P/S | 114.115 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -538.989 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.033 | |
| Asset Turnover Ratio QoQ | -0.151 % | |
| Asset Turnover Ratio YoY | -3.248 % | |
| Asset Turnover Ratio IPRWA | high: 0.044 HIW: 0.033 mean: 0.027 median: 0.027 low: 0.019 |
|
| Receivables Turnover | 0.588 | |
| Receivables Turnover Ratio QoQ | -45.932 % | |
| Receivables Turnover Ratio YoY | -0.799 % | |
| Receivables Turnover Ratio IPRWA | high: 24.779 mean: 9.448 median: 7.65 low: 0.648 HIW: 0.588 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 155.301 | |
| 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 | 1.135 | |
| CapEx To Revenue | -0.28 | |
| CapEx To Depreciation | -0.753 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.7 B | |
| Net Invested Capital | $ 5.7 B | |
| Invested Capital | $ 5.7 B | |
| Net Tangible Assets | $ 2.4 B | |
| Net Working Capital | $ 176.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.075 | |
| Current Ratio | 1.629 | |
| Current Ratio QoQ | -7.342 % | |
| Current Ratio YoY | 4.614 % | |
| Current Ratio IPRWA | high: 3.092 HIW: 1.629 mean: 1.175 median: 1.134 low: 0.177 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 25.344 | |
| Cost Of Debt | 0.892 % | |
| Interest Coverage Ratio | 1.51 | |
| Interest Coverage Ratio QoQ | -59.499 % | |
| Interest Coverage Ratio YoY | -46.137 % | |
| Interest Coverage Ratio IPRWA | high: 3.58 HIW: 1.51 median: 1.224 mean: 1.126 low: -2.123 |
|
| Operating Cash Flow Ratio | 0.326 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 0.346 | |
| Dividend Payout Ratio | 2.891 | |
| Dividend Rate | $ 0.51 | |
| Dividend Yield | 0.017 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.272 % | |
| Revenue Growth | 0.108 % | |
| Revenue Growth QoQ | -104.317 % | |
| Revenue Growth YoY | -103.491 % | |
| Revenue Growth IPRWA | high: 7.066 % mean: 0.134 % HIW: 0.108 % median: -0.793 % low: -5.333 % |
|
| Earnings Growth | -81.319 % | |
| Earnings Growth QoQ | -121.459 % | |
| Earnings Growth YoY | -159.793 % | |
| Earnings Growth IPRWA | high: 92.308 % mean: 19.04 % median: 9.677 % low: -25.0 % HIW: -81.319 % |
|
| MARGINS | ||
| Gross Margin | 68.268 % | |
| Gross Margin QoQ | 1.07 % | |
| Gross Margin YoY | -0.292 % | |
| Gross Margin IPRWA | high: 89.423 % HIW: 68.268 % median: 67.12 % mean: 61.526 % low: 37.677 % |
|
| EBIT Margin | 28.358 % | |
| EBIT Margin QoQ | -58.413 % | |
| EBIT Margin YoY | -42.329 % | |
| EBIT Margin IPRWA | high: 38.087 % HIW: 28.358 % median: 27.559 % mean: 17.882 % low: -45.873 % |
|
| Return On Sales (ROS) | 25.896 % | |
| Return On Sales QoQ | -62.024 % | |
| Return On Sales YoY | -47.336 % | |
| Return On Sales IPRWA | high: 34.622 % HIW: 25.896 % median: 25.804 % mean: 23.131 % low: -21.357 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 116.5 M | |
| Free Cash Flow Yield | 3.65 % | |
| Free Cash Flow Yield QoQ | 141.722 % | |
| Free Cash Flow Yield YoY | -26.024 % | |
| Free Cash Flow Yield IPRWA | high: 5.703 % HIW: 3.65 % median: 3.281 % mean: 2.603 % low: -1.044 % |
|
| Free Cash Growth | 151.556 % | |
| Free Cash Growth QoQ | -373.863 % | |
| Free Cash Growth YoY | 90.706 % | |
| Free Cash Growth IPRWA | HIW: 151.556 % high: 121.324 % median: 68.135 % mean: 64.309 % low: -213.331 % |
|
| Free Cash To Net Income | 6.18 | |
| Cash Flow Margin | 45.722 % | |
| Cash Flow To Earnings | 4.864 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.02 | |
| Return On Assets (ROA) | 0.311 % | |
| Return On Assets QoQ | -80.802 % | |
| Return On Assets YoY | -70.66 % | |
| Return On Assets IPRWA | high: 0.898 % HIW: 0.311 % median: 0.124 % mean: 0.044 % low: -2.609 % |
|
| Return On Capital Employed (ROCE) | 0.985 % | |
| Return On Equity (ROE) | 0.008 | |
| Return On Equity QoQ | -80.471 % | |
| Return On Equity YoY | -69.797 % | |
| Return On Equity IPRWA | high: 0.026 HIW: 0.008 median: 0.003 mean: 0.003 low: -0.101 |
|
| DuPont ROE | 0.798 % | |
| Return On Invested Capital (ROIC) | 0.791 % | |
| Return On Invested Capital QoQ | -44.801 % | |
| Return On Invested Capital YoY | -68.524 % | |
| Return On Invested Capital IPRWA | high: 1.551 % median: 0.875 % HIW: 0.791 % mean: 0.783 % low: -1.369 % |
|