Recent News
November 20, 2025 — Morgan Stanley’s economics team delayed its call for a Fed rate cut into January 2026 and now models three 25bps easing moves next year. November 18, 2025 — Morgan Stanley published strategy notes projecting large upside scenarios for Indian equities by end‑2026 and revised regional positioning and earnings assumptions accordingly. Additional firm notices in Q4 2025 covered product issuance and campus recruiting events across markets.
Technical Analysis
ADX at 27.09 indicates a strong trend exists; trend strength supports higher near-term directional conviction but does not imply direction alone.
DI+ shows a dip & reversal, a bullish signal indicating directional buying strength recently returned; DI- produced a peak & reversal, which also reads bullish as downward pressure eased.
MACD currently at 3.48 with a signal line at 3.41: the indicator sits above its signal line (a bullish cross occurred), yet the MACD trend shows a peak & reversal, signaling waning bullish momentum that can precede a pullback.
MRO at 30.75 with a peak & reversal and a positive reading implies price sits above the model target and carries measurable mean‑reversion pressure toward that target.
RSI at 62.7 with a peak & reversal describes a mild overbought reaction that has started to roll over, increasing the probability of sideways action or a corrective leg.
Price sits well above major averages: close $186.54 versus the 20‑day average $179.06, 50‑day average $170.38 and 200‑day average $144.19; the 12‑day EMA trends higher, confirming recent upside but signaling the move stands extended versus the long‑term average.
Bollinger upper bands at $182.86 (1x) and $186.67 (2x) place the close at about the 2x band, which often precedes consolidation or a reversion to the midband when momentum weakens.
Ichimoku structure places Tenkan‑sen at $180.54 and Kijun‑sen at $173.75; price above both lines supports the bullish regime but establishes the Kijun at $173.75 as a nearer technical support reference. SuperTrend lower at $177.40 offers an additional short‑term support level.
Fundamental Analysis
Earnings: Actual EPS $2.80 compared with an estimate $2.07 produced an EPS surprise of +35.27%, demonstrating meaningful upside versus consensus. Forward EPS stands at $2.64.
Profitability: Return on equity equals 4.60%, below the industry peer mean of 6.064%; return on assets equals 0.339% while return on equity year‑over‑year rose 35.493%, indicating improving profitability on a year basis but still lagging the industry peer mean on ROE.
Valuation multiples: Trailing P/E at 53.58x and forward P/E at 74.41x show elevated multiples relative to historical norms; P/B at 2.38 falls below the industry peer mean of 3.83 and the industry peer median of 3.92. Price/sales reads 13.97x. WMDST values the stock as over‑valued, reflecting the premium across earnings multiples despite a below‑peer P/B.
Growth and cash flow: Reported earnings growth equals 31.455% while reported revenue growth equals 9.478%; revenue growth year‑over‑year registers 321.995% in the data provided. Net income totals $4,610,000,000. Free cash flow recorded negative $4,045,000,000 and free cash flow yield equals -1.695%, placing cash conversion under pressure and detracting from valuation support.
Capital structure and leverage: Debt to equity equals 3.5237 and debt to assets equals 25.873%; debt to equity year‑over‑year moved up 1,489.629% in the dataset, indicating materially higher leverage metrics on the provided comparison basis. Book value per share equals $62.98; dividend yield equals 0.714% with a dividend payout ratio near 36.99% and dividend coverage about 270.38%.
Liquidity and working capital: Cash balances stand at $73,473,000,000 and receivables total $113,257,000,000; operating cash flow shows a negative $3,332,000,000 while beginning and ending cash flow figures sit at $109,130,000,000 and $103,734,000,000 respectively, underscoring short‑term cash outflow pressures despite ample absolute cash reserves.
Valuation summary: The EPS beat and elevated earnings growth support a growth narrative, but high P/E and forward multiples, negative free cash flow, and below‑peer ROE combine to justify WMDST’s over‑valued classification.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-15 |
| NEXT REPORT DATE: | 2026-01-14 |
| CASH FLOW | Begin Period Cash Flow | $ 109.1 B |
| Operating Cash Flow | $ -3.33 B | |
| Capital Expenditures | $ -713.00 M | |
| Change In Working Capital | $ -9.90 B | |
| Dividends Paid | $ -1.71 B | |
| Cash Flow Delta | $ -5.40 B | |
| End Period Cash Flow | $ 103.7 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 17.1 B | |
| Forward Revenue | $ 3.9 B | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 1.3 B | |
| Depreciation and Amortization | $ 1.3 B | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 15.5 B | |
| Interest Expense | $ 13.0 B | |
| Net Interest Income | $ 2.5 B | |
| Income Before Tax | $ 6.0 B | |
| Tax Provision | $ 1.4 B | |
| Tax Rate | 22.777 % | |
| Net Income | $ 4.6 B | |
| Net Income From Continuing Operations | $ 4.7 B | |
| EARNINGS | ||
| EPS Estimate | $ 2.07 | |
| EPS Actual | $ 2.80 | |
| EPS Difference | $ 0.73 | |
| EPS Surprise | 35.266 % | |
| Forward EPS | $ 2.64 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.4 T | |
| Intangible Assets | $ 22.8 B | |
| Net Tangible Assets | $ 87.1 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 73.5 B | |
| Net Receivables | $ 113.3 B | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 226.4 B | |
| Short-Term Debt | $ 20.9 B | |
| Total Current Liabilities | — | |
| Net Debt | $ 279.6 B | |
| Total Debt | $ 353.1 B | |
| Total Liabilities | $ 1.3 T | |
| EQUITY | ||
| Total Equity | $ 100.2 B | |
| Retained Earnings | $ 112.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 62.98 | |
| Shares Outstanding | 1.591 B | |
| Revenue Per-Share | $ 10.74 | |
| VALUATION | Market Capitalization | $ 238.7 B |
| Enterprise Value | $ 591.8 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 34.643 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 13.619 | |
| Asset To Liability | 1.089 | |
| Debt To Capital | 0.779 | |
| Debt To Assets | 0.259 | |
| Debt To Assets QoQ | -0.584 % | |
| Debt To Assets YoY | 1464.268 % | |
| Debt To Assets IPRWA | high: 0.746 MS: 0.259 mean: 0.183 median: 0.17 low: 0.001 |
|
| Debt To Equity | 3.524 | |
| Debt To Equity QoQ | -1.556 % | |
| Debt To Equity YoY | 1489.629 % | |
| Debt To Equity IPRWA | high: 4.223 MS: 3.524 mean: 1.259 median: 0.647 low: -1.625 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.382 | |
| Price To Book QoQ | 4.816 % | |
| Price To Book YoY | 37.705 % | |
| Price To Book IPRWA | high: 8.036 median: 3.92 mean: 3.834 MS: 2.382 low: -0.174 |
|
| Price To Earnings (P/E) | 53.578 | |
| Price To Earnings QoQ | -13.152 % | |
| Price To Earnings YoY | -0.022 % | |
| Price To Earnings IPRWA | high: 137.814 mean: 74.761 median: 71.376 MS: 53.578 low: -84.019 |
|
| PE/G Ratio | 1.703 | |
| Price To Sales (P/S) | 13.973 | |
| Price To Sales QoQ | -2.53 % | |
| Price To Sales YoY | 23.359 % | |
| Price To Sales IPRWA | high: 99.795 mean: 31.019 median: 27.231 MS: 13.973 low: -27.133 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 74.411 | |
| Forward PE/G | 2.366 | |
| Forward P/S | 81.682 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.013 | |
| Asset Turnover Ratio QoQ | 6.888 % | |
| Asset Turnover Ratio YoY | 8.269 % | |
| Asset Turnover Ratio IPRWA | high: 0.277 mean: 0.046 median: 0.029 MS: 0.013 low: -0.046 |
|
| Receivables Turnover | 0.161 | |
| Receivables Turnover Ratio QoQ | -1.44 % | |
| Receivables Turnover Ratio YoY | 1.413 % | |
| Receivables Turnover Ratio IPRWA | high: 12.273 mean: 2.495 median: 0.919 MS: 0.161 low: 0.005 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 565.05 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 565.05 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | -118.836 % | |
| Cash Conversion Cycle Days IPRWA | MS: 565.05 high: 302.703 median: 4.462 mean: 0.753 low: -456.653 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.042 | |
| CapEx To Depreciation | -0.529 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 442.2 B | |
| Net Invested Capital | $ 453.3 B | |
| Invested Capital | $ 453.3 B | |
| Net Tangible Assets | $ 87.1 B | |
| 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 | 2.838 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.704 | |
| Dividend Payout Ratio | 0.37 | |
| Dividend Rate | $ 1.07 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.808 % | |
| Revenue Growth | 9.478 % | |
| Revenue Growth QoQ | -271.454 % | |
| Revenue Growth YoY | 321.995 % | |
| Revenue Growth IPRWA | high: 123.49 % MS: 9.478 % mean: 6.845 % median: 4.854 % low: -151.099 % |
|
| Earnings Growth | 31.455 % | |
| Earnings Growth QoQ | -274.006 % | |
| Earnings Growth YoY | 854.049 % | |
| Earnings Growth IPRWA | high: 69.444 % MS: 31.455 % mean: 13.458 % median: 13.021 % low: -46.667 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -4.04 B | |
| Free Cash Flow Yield | -1.695 % | |
| Free Cash Flow Yield QoQ | -134.263 % | |
| Free Cash Flow Yield YoY | -84.907 % | |
| Free Cash Flow Yield IPRWA | high: 21.842 % median: 0.945 % mean: 0.796 % MS: -1.695 % low: -20.241 % |
|
| Free Cash Growth | -136.553 % | |
| Free Cash Growth QoQ | -5.71 % | |
| Free Cash Growth YoY | -88.521 % | |
| Free Cash Growth IPRWA | high: 532.988 % mean: 8.007 % median: -8.691 % MS: -136.553 % low: -573.557 % |
|
| Free Cash To Net Income | -0.877 | |
| Cash Flow Margin | 12.357 % | |
| Cash Flow To Earnings | 0.458 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.339 % | |
| Return On Assets QoQ | 26.966 % | |
| Return On Assets YoY | 31.395 % | |
| Return On Assets IPRWA | high: 6.002 % mean: 1.248 % median: 0.698 % MS: 0.339 % low: -11.286 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.046 | |
| Return On Equity QoQ | 27.955 % | |
| Return On Equity YoY | 35.493 % | |
| Return On Equity IPRWA | high: 0.174 mean: 0.061 median: 0.055 MS: 0.046 low: -0.194 |
|
| DuPont ROE | 4.642 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |