Recent News
On July 22, 2026 the Company completed the acquisition of Copra, Inc., a super-premium Thai Nam Hom coconut water producer, for $175 million plus an earnout. On July 23, 2026 the Company reported second-quarter 2026 results and raised full-year net sales guidance to $790 million–$805 million. On July 21–23, 2026 the Board increased the share-repurchase authorization by $40 million, taking the total repurchase program to $105 million. On July 29, 2026 the Company and Fruit of the Loom launched a limited‑edition “Coconut Bra” nursing bra tied to National Breastfeeding Awareness Month. On July 30, 2026 the Company rolled out a consumer experiential activation called the “Pit Stain Pit Stop.”
Technical Analysis
ADX at 31.67 indicates a strong directional market signal; the widening strength favors the negative directional index as DI- rises to 26.83 while DI+ falls to 11.59, a bearish directional configuration that favors downside pressure against the current valuation.
MACD sits at -2.58 and trends lower with the signal line at -2.03; the negative, declining MACD confirms bearish momentum and no bullish MACD cross appears.
MRO reads 4.12 and shows a peak-and-reversal pattern; the positive MRO combined with that reversal implies the current price sits above the internal price target and faces likely downward reversion pressure.
RSI at 40.41 and falling signals weakening internals rather than oversold reversal; the declining short-term EMA series (12‑day EMA 60.47 trending down) leaves the close ($55.08) beneath most moving averages, reinforcing near-term downside bias.
Price sits below the 20‑, 50‑ and 200‑day averages (price20dayAvg $61.98, price50dayAvg $67.02, price200dayAvg $60.98) and near the lower Bollinger band (lower 1x band $58.11, lower 2x band $54.24), so short‑term support lies close to the 2x lower band while the SuperTrend upper ($62.50) and Ichimoku cloud (Senkou A $74.13 / Senkou B $75.47) act as layered resistance barriers to any rally.
Fundamental Analysis
Top line and profitability: Net revenue for the period totaled $216,153,000. YoY revenue growth reads -29.96% while another reported revenue growth metric stands at 20.24%; QoQ revenue change shows a decline of 50.24%. Gross margin reached 48.72%, slightly below the industry peer mean of 50.98% but within the industry peer range, while operating margin (EBIT margin) stands at 29.21%, above the industry peer mean of 24.53% and median of 24.21%, reflecting material operating leverage.
Profitability and cash: Net income $49,451,000 and EBIT $63,139,000 produce strong cash conversion; free cash flow totaled $80,778,000 with a free cash flow yield of 1.996% (close to the industry peer mean). Cash and short‑term investments amount to $278,640,000 and the cash ratio equals 1.75; the current ratio at 3.36 and quick ratio at 2.84 indicate substantial near‑term liquidity.
Returns and leverage: Return on equity stands at 12.34% and return on assets at 9.32%, both above the industry peer means, while debt metrics remain minimal (total debt $12,520,000; debt-to-assets 2.19%), leaving balance sheet flexibility to support integration and share repurchases.
Earnings and estimates: Reported EPS $0.88 beat the estimate of $0.55 by $0.33, an EPS surprise of 60%. Forward EPS of $0.585 implies a forward P/E of 120.31; the trailing P/E sits at 80.54. Price-to-book equals 10.10, well above the industry peer mean of 4.37, and enterprise multiple reads 59.43. WMDST values the stock as over-valued based on current market multiples relative to fundamental cash flow and earnings metrics. The Company’s raised full‑year net sales outlook to $790M–$805M reflects expected contribution from the Copra acquisition and margin benefits identified by management.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-23 |
| NEXT REPORT DATE: | 2026-10-22 |
| CASH FLOW | Begin Period Cash Flow | $ 203.2 M |
| Operating Cash Flow | $ 80.9 M | |
| Capital Expenditures | $ -151.00 K | |
| Change In Working Capital | $ 27.3 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 76.7 M | |
| End Period Cash Flow | $ 279.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 216.2 M | |
| Forward Revenue | $ 36.7 M | |
| COSTS | ||
| Cost Of Revenue | $ 110.8 M | |
| Depreciation | $ 489.0 K | |
| Depreciation and Amortization | $ 489.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 153.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 105.3 M | |
| EBITDA | $ 63.6 M | |
| EBIT | $ 63.1 M | |
| Operating Income | $ 63.1 M | |
| Interest Income | $ 2.5 M | |
| Interest Expense | — | |
| Net Interest Income | $ 2.5 M | |
| Income Before Tax | $ 64.4 M | |
| Tax Provision | $ 14.9 M | |
| Tax Rate | 23.161 % | |
| Net Income | $ 49.5 M | |
| Net Income From Continuing Operations | $ 49.5 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.55 | |
| EPS Actual | $ 0.88 | |
| EPS Difference | $ 0.33 | |
| EPS Surprise | 60.0 % | |
| Forward EPS | $ 0.58 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 572.9 M | |
| Intangible Assets | $ 7.8 M | |
| Net Tangible Assets | $ 393.1 M | |
| Total Current Assets | $ 535.0 M | |
| Cash and Short-Term Investments | $ 278.6 M | |
| Cash | $ 278.6 M | |
| Net Receivables | $ 132.3 M | |
| Inventory | $ 82.9 M | |
| Long-Term Investments | $ 2.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 31.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 159.4 M | |
| Net Debt | — | |
| Total Debt | $ 12.5 M | |
| Total Liabilities | $ 172.0 M | |
| EQUITY | ||
| Total Equity | $ 400.9 M | |
| Retained Earnings | $ 307.9 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 7.02 | |
| Shares Outstanding | 57.397 M | |
| Revenue Per-Share | $ 3.78 | |
| VALUATION | Market Capitalization | $ 4.0 B |
| Enterprise Value | $ 3.8 B | |
| Enterprise Multiple | 59.432 | |
| Enterprise Multiple QoQ | -26.345 % | |
| Enterprise Multiple YoY | -18.217 % | |
| Enterprise Multiple IPRWA | high: 109.905 COCO: 59.432 mean: 36.273 median: 28.296 low: -100.283 |
|
| EV/R | 17.495 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.429 | |
| Asset To Liability | 3.33 | |
| Debt To Capital | 0.03 | |
| Debt To Assets | 0.022 | |
| Debt To Assets QoQ | -17.36 % | |
| Debt To Assets YoY | -34.305 % | |
| Debt To Assets IPRWA | high: 0.738 mean: 0.328 median: 0.315 COCO: 0.022 low: 0.021 |
|
| Debt To Equity | 0.031 | |
| Debt To Equity QoQ | -14.835 % | |
| Debt To Equity YoY | -33.779 % | |
| Debt To Equity IPRWA | high: 1.276 median: 1.168 mean: 0.991 low: 0.033 COCO: 0.031 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 10.096 | |
| Price To Book QoQ | 21.059 % | |
| Price To Book YoY | 50.379 % | |
| Price To Book IPRWA | COCO: 10.096 high: 9.594 mean: 4.372 median: 1.933 low: 0.003 |
|
| Price To Earnings (P/E) | 80.536 | |
| Price To Earnings QoQ | -21.707 % | |
| Price To Earnings YoY | -15.051 % | |
| Price To Earnings IPRWA | high: 155.467 mean: 96.275 median: 83.08 COCO: 80.536 low: -95.816 |
|
| PE/G Ratio | 1.22 | |
| Price To Sales (P/S) | 18.726 | |
| Price To Sales QoQ | 14.611 % | |
| Price To Sales YoY | 58.513 % | |
| Price To Sales IPRWA | high: 35.407 COCO: 18.726 mean: 11.752 median: 2.855 low: 0.007 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 120.312 | |
| Forward PE/G | 1.822 | |
| Forward P/S | 110.864 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.348 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.407 | |
| Asset Turnover Ratio QoQ | 7.577 % | |
| Asset Turnover Ratio YoY | -2.841 % | |
| Asset Turnover Ratio IPRWA | high: 0.627 COCO: 0.407 median: 0.228 mean: 0.214 low: 0.111 |
|
| Receivables Turnover | 1.708 | |
| Receivables Turnover Ratio QoQ | -3.886 % | |
| Receivables Turnover Ratio YoY | -9.277 % | |
| Receivables Turnover Ratio IPRWA | high: 5.183 median: 4.248 mean: 4.104 COCO: 1.708 low: 1.043 |
|
| Inventory Turnover | 1.309 | |
| Inventory Turnover Ratio QoQ | 19.994 % | |
| Inventory Turnover Ratio YoY | 5.016 % | |
| Inventory Turnover Ratio IPRWA | high: 2.742 median: 2.047 mean: 1.747 COCO: 1.309 low: 0.192 |
|
| Days Sales Outstanding (DSO) | 53.435 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 101.421 | |
| Cash Conversion Cycle Days QoQ | -21.26 % | |
| Cash Conversion Cycle Days YoY | -13.142 % | |
| Cash Conversion Cycle Days IPRWA | high: 127.421 COCO: 101.421 median: 67.48 mean: 38.551 low: -66.692 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.575 | |
| CapEx To Revenue | -0.001 | |
| CapEx To Depreciation | -0.309 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 400.9 M | |
| Net Invested Capital | $ 400.9 M | |
| Invested Capital | $ 400.9 M | |
| Net Tangible Assets | $ 393.1 M | |
| Net Working Capital | $ 375.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.748 | |
| Current Ratio | 3.356 | |
| Current Ratio QoQ | -8.082 % | |
| Current Ratio YoY | -4.51 % | |
| Current Ratio IPRWA | high: 3.729 COCO: 3.356 mean: 1.285 median: 1.136 low: 0.426 |
|
| Quick Ratio | 2.836 | |
| Quick Ratio QoQ | -3.848 % | |
| Quick Ratio YoY | 3.119 % | |
| Quick Ratio IPRWA | high: 3.224 COCO: 2.836 mean: 1.042 median: 0.874 low: 0.299 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.197 | |
| Cost Of Debt | 0.0 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | 0.302 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 23.576 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 17.324 % | |
| Revenue Growth | 20.242 % | |
| Revenue Growth QoQ | -50.235 % | |
| Revenue Growth YoY | -29.961 % | |
| Revenue Growth IPRWA | high: 26.69 % COCO: 20.242 % mean: 8.546 % median: 7.827 % low: -10.308 % |
|
| Earnings Growth | 66.038 % | |
| Earnings Growth QoQ | -74.319 % | |
| Earnings Growth YoY | 192.449 % | |
| Earnings Growth IPRWA | high: 156.757 % COCO: 66.038 % median: 12.791 % mean: -5.404 % low: -136.364 % |
|
| MARGINS | ||
| Gross Margin | 48.721 % | |
| Gross Margin QoQ | 21.961 % | |
| Gross Margin YoY | 34.207 % | |
| Gross Margin IPRWA | high: 62.892 % median: 51.856 % mean: 50.983 % COCO: 48.721 % low: 6.771 % |
|
| EBIT Margin | 29.21 % | |
| EBIT Margin QoQ | 56.362 % | |
| EBIT Margin YoY | 96.225 % | |
| EBIT Margin IPRWA | high: 43.677 % COCO: 29.21 % mean: 24.529 % median: 24.214 % low: -7.21 % |
|
| Return On Sales (ROS) | 29.21 % | |
| Return On Sales QoQ | 56.362 % | |
| Return On Sales YoY | 96.225 % | |
| Return On Sales IPRWA | high: 35.5 % COCO: 29.21 % median: 23.625 % mean: 20.876 % low: -7.21 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 80.8 M | |
| Free Cash Flow Yield | 1.996 % | |
| Free Cash Flow Yield QoQ | 287.573 % | |
| Free Cash Flow Yield YoY | 90.822 % | |
| Free Cash Flow Yield IPRWA | high: 8.032 % COCO: 1.996 % mean: 1.908 % median: 1.472 % low: -13.682 % |
|
| Free Cash Growth | 433.576 % | |
| Free Cash Growth QoQ | -238.728 % | |
| Free Cash Growth YoY | -243.864 % | |
| Free Cash Growth IPRWA | high: 442.455 % COCO: 433.576 % median: 190.826 % mean: 127.192 % low: -206.587 % |
|
| Free Cash To Net Income | 1.633 | |
| Cash Flow Margin | 22.269 % | |
| Cash Flow To Earnings | 0.973 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 9.319 % | |
| Return On Assets QoQ | 45.178 % | |
| Return On Assets YoY | 63.75 % | |
| Return On Assets IPRWA | COCO: 9.319 % high: 5.26 % mean: 2.396 % median: 1.856 % low: -4.168 % |
|
| Return On Capital Employed (ROCE) | 15.269 % | |
| Return On Equity (ROE) | 0.123 | |
| Return On Equity QoQ | 42.552 % | |
| Return On Equity YoY | 59.883 % | |
| Return On Equity IPRWA | COCO: 0.123 high: 0.122 mean: 0.06 median: 0.044 low: -0.015 |
|
| DuPont ROE | 13.133 % | |
| Return On Invested Capital (ROIC) | 12.101 % | |
| Return On Invested Capital QoQ | 55.921 % | |
| Return On Invested Capital YoY | 75.887 % | |
| Return On Invested Capital IPRWA | COCO: 12.101 % high: 9.147 % mean: 6.123 % median: 5.944 % low: -2.106 % |
|