WESTERN DIGITAL CORP (WDC)
US9581021055 - Common Stock
Overall WDC gets a fundamental rating of 2 out of 10. We evaluated WDC against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. WDC has a bad profitability rating. Also its financial health evaluation is rather negative. WDC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year WDC has reported negative net income.
WDC had a negative operating cash flow in the past year.
In multiple years WDC reported negative net income over the last 5 years.
Of the past 5 years WDC 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of WDC (-9.71%) is worse than 68.75% of its industry peers.
Looking at the Return On Equity, with a value of -21.01%, WDC is doing worse than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.71% | ||
| ROE | -21.01% | ||
| ROIC | N/A |
ROA(3y)0.6%
ROA(5y)-0.41%
ROE(3y)1.77%
ROE(5y)-0.97%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
WDC has a worse Gross Margin (12.16%) than 87.50% of its industry peers.
WDC's Gross Margin has declined in the last couple of years.
WDC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 12.16% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-12.67%
GM growth 5Y-16.31%
2. Health
2.1 Basic Checks
WDC does not have a ROIC to compare to the WACC, probably because it is not profitable.
WDC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for WDC has been increased compared to 5 years ago.
The debt/assets ratio for WDC is higher compared to a year ago.
2.2 Solvency
A Debt/Equity ratio of 0.67 indicates that WDC is somewhat dependend on debt financing.
WDC has a worse Debt to Equity ratio (0.67) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC9.15%
2.3 Liquidity
WDC has a Current Ratio of 1.86. This is a normal value and indicates that WDC is financially healthy and should not expect problems in meeting its short term obligations.
WDC has a Current ratio (1.86) which is comparable to the rest of the industry.
WDC has a Quick Ratio of 1.07. This is a normal value and indicates that WDC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.07, WDC is doing worse than 71.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
The earnings per share for WDC have decreased strongly by -2100.00% in the last year.
WDC shows a small growth in Revenue. In the last year, the Revenue has grown by 3.44%.
Measured over the past years, WDC shows a decrease in Revenue. The Revenue has been decreasing by -9.81% on average per year.
EPS 1Y (TTM)-2100%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q145.99%
Revenue 1Y (TTM)3.44%
Revenue growth 3Y-9.71%
Revenue growth 5Y-9.81%
Revenue growth Q2Q23.33%
3.2 Future
The Earnings Per Share is expected to grow by 31.22% on average over the next years. This is a very strong growth
Based on estimates for the next years, WDC will show a quite strong growth in Revenue. The Revenue will grow by 8.55% on average per year.
EPS Next Y56.5%
EPS Next 2Y94.91%
EPS Next 3Y53.99%
EPS Next 5Y31.22%
Revenue Next Year4.78%
Revenue Next 2Y17.37%
Revenue Next 3Y13%
Revenue Next 5Y8.55%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
WDC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 11.05, which indicates a very decent valuation of WDC.
Based on the Price/Forward Earnings ratio, WDC is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
WDC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.05 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
WDC's earnings are expected to grow with 53.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y94.91%
EPS Next 3Y53.99%
5. Dividend
5.1 Amount
No dividends for WDC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
WESTERN DIGITAL CORP
NASDAQ:WDC (5/3/2024, 4:20:02 PM)
After market: 70.4248 -0.53 (-0.74%)70.95
+1.23 (+1.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap23.14B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.05 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.71% | ||
| ROE | -21.01% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 12.16% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-2100%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y56.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.44%
Revenue growth 3Y-9.71%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y