Recent News
On October 17, 2025 the company announced it would report third-quarter 2025 results and host a management call on November 3, 2025. On November 10, 2025 a research note upgrade to “strong-buy” from one research provider circulated. On November 17, 2025 several outlets reported a lowered one-year price target averaging $16.32. On December 13, 2025 at least one outlet published a note showing the same provider adjusting its stance to “buy” from “strong-buy.”
Technical Analysis
ADX/DI+/DI-: ADX registers 46.18, indicating a very strong trend strength; directional forces favor the upside because DI+ shows a dip & reversal (bullish) while DI- decreases (bullish), implying bullish directional momentum can sustain near-term moves toward value realization.
MACD: MACD sits at -0.17 with a decreasing MACD_trend and the MACD equal to its signal line, which signals prevailing bearish momentum in the oscillator even as directional indicators show strength; this divergence suggests momentum may lag price re-rating.
MRO: MRO equals -28.3, a negative reading that indicates price sits below model target and therefore carries potential to increase toward fair value; the magnitude supports a meaningful reversion if technical triggers confirm.
RSI: RSI at 43.05 shows a dip & reversal pattern, signaling an early recovery from recent weakness and scope for additional upside without becoming overbought immediately.
Price vs. Moving Averages and Cloud: The $13.78 close sits below the 200-day average of $16.99 and under the Ichimoku cloud (Senkou A $14.75, Senkou B $14.85), which registers structural bearish context; shorter-term signals—12-day EMA decreasing and price near the lower Bollinger band—show near-term pressure that could reverse if DI+ momentum follows through.
Volatility & Volume: Beta metrics remain muted (42-day 0.79, 52-week 0.47) and recent volume trails the 10-day and 200-day averages, implying moves may require a catalyst—earnings flow or coverage changes—to trigger higher conviction flows.
Fundamental Analysis
Profitability & Margins: EBIT margin equals 6.77%, up 75.63% QoQ but down 46.67% YoY; that margin sits well below the industry peer mean of 28.20% and median of 26.61%, indicating profitability lags peers despite recent quarter-over-quarter improvement.
Revenue & Growth: Total revenue reached $138.32 million with revenue growth of 31.42% and revenue growth YoY of 34.30%, demonstrating robust top-line expansion even as sequential growth reads negative QoQ at -236.23% (reported metric), which suggests timing effects across periods.
Cash Flow & Capital: Operating cash flow equals $13.93 million and free cash flow equals $11.85 million, translating to a free cash flow yield of 2.77% that sits above the industry peer mean of -1.47% (positive vs. a negative peer mean). Free cash flow fell sharply YoY (free cash growth YoY -169.90%) while free cash growth QoQ improved by 14.06%.
Leverage & Coverage: Debt remains extremely low: total debt $8.95 million, debt-to-assets 2.27% and debt-to-equity 4.50%, both far below the industry peer mean levels (debt-to-assets mean ~44.53%, debt-to-equity mean ~166.31%), and interest coverage of 59.62x provides substantial earnings buffer versus interest expense.
Valuation Multiples: P/E at 62.08 and forward P/E near 147.89 reflect earnings scarcity versus price; price/book sits at 2.16x, essentially in line with the industry peer mean of 2.16x and median of 2.27x. Enterprise multiple near 34.08x sits below the peer mean of 46.55x. WMDST’s valuation model classifies the stock as under-valued, consistent with low leverage, positive revenue growth, and modest free cash flow yield.
Earnings Quality & Shareholder Returns: EPS came in at $0.26 versus an estimate of $0.56, an EPS surprise of -53.57%, and dividend coverage remains positive with a dividend payout ratio of 29.65% and dividend yield of 0.467% (dividend rate $0.07531 per share).
Efficiency & Returns: Asset turnover equals 0.356, well above the industry peer mean of 0.047, indicating efficient revenue generation from assets. Return on equity equals 3.39%, slightly above the industry peer mean of 2.97%, though both remain modest in absolute terms.
Valuation Summary: WMDST values the stock as under-valued, driven by conservative leverage, above-peer asset efficiency, and positive revenue growth, offset by compressed margins and a notable EPS shortfall versus estimates.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-03 |
| NEXT REPORT DATE: | 2026-02-02 |
| CASH FLOW | Begin Period Cash Flow | $ 202.0 M |
| Operating Cash Flow | $ 13.9 M | |
| Capital Expenditures | $ -2.08 M | |
| Change In Working Capital | $ 6.0 M | |
| Dividends Paid | $ -2.00 M | |
| Cash Flow Delta | $ 5.1 M | |
| End Period Cash Flow | $ 207.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 138.3 M | |
| Forward Revenue | $ 15.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 108.3 M | |
| Depreciation | $ 252.0 K | |
| Depreciation and Amortization | $ 252.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 131.4 M | |
| PROFITABILITY | ||
| Gross Profit | $ 30.0 M | |
| EBITDA | $ 9.6 M | |
| EBIT | $ 9.4 M | |
| Operating Income | $ 6.9 M | |
| Interest Income | $ 1.8 M | |
| Interest Expense | $ 157.0 K | |
| Net Interest Income | $ 1.7 M | |
| Income Before Tax | $ 9.2 M | |
| Tax Provision | $ 2.5 M | |
| Tax Rate | 26.8 % | |
| Net Income | $ 6.7 M | |
| Net Income From Continuing Operations | $ 6.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.56 | |
| EPS Actual | $ 0.26 | |
| EPS Difference | $ -0.30 | |
| EPS Surprise | -53.571 % | |
| Forward EPS | $ 0.12 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 394.1 M | |
| Intangible Assets | $ 15.0 M | |
| Net Tangible Assets | $ 183.8 M | |
| Total Current Assets | $ 238.2 M | |
| Cash and Short-Term Investments | $ 109.8 M | |
| Cash | $ 109.3 M | |
| Net Receivables | $ 59.0 M | |
| Inventory | $ 20.9 M | |
| Long-Term Investments | $ 84.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 28.1 M | |
| Short-Term Debt | $ 2.1 M | |
| Total Current Liabilities | $ 124.9 M | |
| Net Debt | — | |
| Total Debt | $ 8.9 M | |
| Total Liabilities | $ 205.3 M | |
| EQUITY | ||
| Total Equity | $ 198.8 M | |
| Retained Earnings | $ 78.7 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 7.49 | |
| Shares Outstanding | 26.545 M | |
| Revenue Per-Share | $ 5.21 | |
| VALUATION | Market Capitalization | $ 428.4 M |
| Enterprise Value | $ 327.6 M | |
| Enterprise Multiple | 34.083 | |
| Enterprise Multiple QoQ | -63.389 % | |
| Enterprise Multiple YoY | 63.952 % | |
| Enterprise Multiple IPRWA | high: 63.813 median: 46.642 mean: 46.552 GNE: 34.083 low: 10.243 |
|
| EV/R | 2.369 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.982 | |
| Asset To Liability | 1.92 | |
| Debt To Capital | 0.043 | |
| Debt To Assets | 0.023 | |
| Debt To Assets QoQ | -4.74 % | |
| Debt To Assets YoY | 3562.903 % | |
| Debt To Assets IPRWA | high: 0.562 mean: 0.445 median: 0.435 low: 0.371 GNE: 0.023 |
|
| Debt To Equity | 0.045 | |
| Debt To Equity QoQ | -2.891 % | |
| Debt To Equity YoY | 4356.436 % | |
| Debt To Equity IPRWA | high: 2.092 median: 1.729 mean: 1.663 GNE: 0.045 low: 0.014 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.155 | |
| Price To Book QoQ | -14.436 % | |
| Price To Book YoY | 4.223 % | |
| Price To Book IPRWA | high: 2.854 median: 2.273 mean: 2.165 GNE: 2.155 low: 0.458 |
|
| Price To Earnings (P/E) | 62.079 | |
| Price To Earnings QoQ | 0.0 % | |
| Price To Earnings YoY | 46.98 % | |
| Price To Earnings IPRWA | high: 222.397 mean: 89.321 median: 74.96 GNE: 62.079 low: 52.412 |
|
| PE/G Ratio | — | |
| Price To Sales (P/S) | 3.097 | |
| Price To Sales QoQ | -34.31 % | |
| Price To Sales YoY | -20.584 % | |
| Price To Sales IPRWA | high: 17.298 mean: 11.605 median: 11.276 GNE: 3.097 low: 1.895 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 147.893 | |
| Forward PE/G | — | |
| Forward P/S | 27.368 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.164 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.356 | |
| Asset Turnover Ratio QoQ | 29.776 % | |
| Asset Turnover Ratio YoY | 5.667 % | |
| Asset Turnover Ratio IPRWA | GNE: 0.356 high: 0.063 mean: 0.047 median: 0.045 low: 0.037 |
|
| Receivables Turnover | 2.3 | |
| Receivables Turnover Ratio QoQ | 37.142 % | |
| Receivables Turnover Ratio YoY | 7.423 % | |
| Receivables Turnover Ratio IPRWA | high: 2.509 GNE: 2.3 median: 1.977 mean: 1.919 low: 0.93 |
|
| Inventory Turnover | 5.74 | |
| Inventory Turnover Ratio QoQ | 7.392 % | |
| Inventory Turnover Ratio YoY | -45.127 % | |
| Inventory Turnover Ratio IPRWA | GNE: 5.74 high: 4.022 mean: 1.861 median: 1.41 low: 0.518 |
|
| Days Sales Outstanding (DSO) | 39.682 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 25.776 | |
| Cash Conversion Cycle Days QoQ | -33.813 % | |
| Cash Conversion Cycle Days YoY | 85.417 % | |
| Cash Conversion Cycle Days IPRWA | high: 112.251 mean: 29.92 GNE: 25.776 median: 18.655 low: -52.238 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.221 | |
| CapEx To Revenue | -0.015 | |
| CapEx To Depreciation | -8.258 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 205.5 M | |
| Net Invested Capital | $ 207.7 M | |
| Invested Capital | $ 207.7 M | |
| Net Tangible Assets | $ 183.8 M | |
| Net Working Capital | $ 113.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.879 | |
| Current Ratio | 1.907 | |
| Current Ratio QoQ | -4.376 % | |
| Current Ratio YoY | -25.612 % | |
| Current Ratio IPRWA | GNE: 1.907 high: 1.075 median: 0.845 mean: 0.747 low: 0.3 |
|
| Quick Ratio | 1.74 | |
| Quick Ratio QoQ | -5.871 % | |
| Quick Ratio YoY | -29.492 % | |
| Quick Ratio IPRWA | GNE: 1.74 high: 0.973 median: 0.65 mean: 0.603 low: 0.331 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.931 | |
| Cost Of Debt | 1.271 % | |
| Interest Coverage Ratio | 59.624 | |
| Interest Coverage Ratio QoQ | 129.38 % | |
| Interest Coverage Ratio YoY | -90.762 % | |
| Interest Coverage Ratio IPRWA | GNE: 59.624 high: 3.88 mean: 2.686 median: 2.675 low: 1.71 |
|
| Operating Cash Flow Ratio | -0.009 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 34.961 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.373 | |
| Dividend Payout Ratio | 0.296 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.879 % | |
| Revenue Growth | 31.423 % | |
| Revenue Growth QoQ | -236.231 % | |
| Revenue Growth YoY | 34.298 % | |
| Revenue Growth IPRWA | high: 49.057 % GNE: 31.423 % mean: 12.764 % median: 10.057 % low: -1.946 % |
|
| Earnings Growth | 0.0 % | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | -100.0 % | |
| Earnings Growth IPRWA | high: 183.582 % mean: 61.422 % median: 41.333 % GNE: 0.0 % low: -13.636 % |
|
| MARGINS | ||
| Gross Margin | 21.702 % | |
| Gross Margin QoQ | -2.721 % | |
| Gross Margin YoY | -35.927 % | |
| Gross Margin IPRWA | high: 71.464 % median: 50.21 % mean: 48.586 % low: 26.092 % GNE: 21.702 % |
|
| EBIT Margin | 6.767 % | |
| EBIT Margin QoQ | 75.629 % | |
| EBIT Margin YoY | -46.666 % | |
| EBIT Margin IPRWA | high: 34.326 % mean: 28.197 % median: 26.61 % low: 17.122 % GNE: 6.767 % |
|
| Return On Sales (ROS) | 5.016 % | |
| Return On Sales QoQ | 159.091 % | |
| Return On Sales YoY | -60.467 % | |
| Return On Sales IPRWA | high: 32.45 % mean: 25.407 % median: 23.8 % low: 14.888 % GNE: 5.016 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 11.9 M | |
| Free Cash Flow Yield | 2.766 % | |
| Free Cash Flow Yield QoQ | -1828.75 % | |
| Free Cash Flow Yield YoY | -44.988 % | |
| Free Cash Flow Yield IPRWA | GNE: 2.766 % high: 2.413 % mean: -1.469 % median: -1.719 % low: -5.102 % |
|
| Free Cash Growth | -1594.451 % | |
| Free Cash Growth QoQ | 1406.459 % | |
| Free Cash Growth YoY | -16990.371 % | |
| Free Cash Growth IPRWA | high: 595.167 % median: -37.735 % mean: -40.475 % low: -202.959 % GNE: -1594.451 % |
|
| Free Cash To Net Income | 1.758 | |
| Cash Flow Margin | -0.835 % | |
| Cash Flow To Earnings | -0.171 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.735 % | |
| Return On Assets QoQ | 136.054 % | |
| Return On Assets YoY | -43.485 % | |
| Return On Assets IPRWA | GNE: 1.735 % high: 1.162 % median: 0.732 % mean: 0.715 % low: 0.25 % |
|
| Return On Capital Employed (ROCE) | 3.477 % | |
| Return On Equity (ROE) | 0.034 | |
| Return On Equity QoQ | 136.872 % | |
| Return On Equity YoY | -29.787 % | |
| Return On Equity IPRWA | high: 0.054 GNE: 0.034 mean: 0.03 median: 0.028 low: 0.01 |
|
| DuPont ROE | 3.407 % | |
| Return On Invested Capital (ROIC) | 3.299 % | |
| Return On Invested Capital QoQ | 131.834 % | |
| Return On Invested Capital YoY | -143.864 % | |
| Return On Invested Capital IPRWA | GNE: 3.299 % high: 2.205 % median: 1.613 % mean: 1.568 % low: 1.037 % |
|