Western Digital Corporation

Company Profile

Western Digital Corporation had its IPO on 1987-01-02 under the ticker symbol WDC.

The company operates in the Technology sector and Computer Hardware industry. Western Digital Corporation has a staff strength of 65,000 employees.

Stock update

Shares of Western Digital Corporation opened at $39.68 at the start of the last trading session i.e. 2023-06-03.

The stocks traded within a range of $39.26 - $40.37, and closed at $40.24.

This is a +3.26% increase from the previous day's closing price.

A total volume of 3,506,100 shares were traded at the close of the day’s session.

In the last one week, shares of Western Digital Corporation have increased by +8.08%.

Western Digital Corporation's Key Ratios

Western Digital Corporation has a market cap of $12.87 billion, indicating a price to book ratio of 0.9369 and a price to sales ratio of 0.5854.

In the last 12-months Western Digital Corporation’s revenue was $14.17 billion with a gross profit of $5.87 billion and an EBITDA of $780 million. The EBITDA ratio measures Western Digital Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Western Digital Corporation’s operating margin was -0.59% while its return on assets stood at -0.21% with a return of equity of -5.64%.

In Q1, Western Digital Corporation’s quarterly earnings growth was a negative -95.9% while revenue growth was a negative 36%.

Western Digital Corporation’s PE and PEG Ratio

Forward PE

94.3396

Trailing PE

0

PEG

490.3315

Its diluted EPS in the last 12-months stands at $-2.19 per share while it has a forward price to earnings multiple of 94.3396 and a PEG multiple of 490.3315. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Western Digital Corporation’s profitability.

Western Digital Corporation stock is trading at a EV to sales ratio of 0.9363 and a EV to EBITDA ratio of 6.0747. Its price to sales ratio in the trailing 12-months stood at 0.5854.

Western Digital Corporation stock pays annual dividends of $0 per share, indicating a yield of 4.34% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$25.15 billion

Total Liabilities

$5.26 billion

Operating Cash Flow

$-138000000.00

Capital Expenditure

$110 million

Dividend Payout Ratio

0%

Western Digital Corporation ended 2023 with $25.15 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $25.15 billion while shareholder equity stood at $876.00 million.

Western Digital Corporation ended 2023 with $0 in deferred long-term liabilities, $5.26 billion in other current liabilities, 3000000.00 in common stock, $8.14 billion in retained earnings and $10.04 billion in goodwill. Its cash balance stood at $2.22 billion and cash and short-term investments were $2.22 billion. The company’s total short-term debt was $1,175,000,000 while long-term debt stood at $5.90 billion.

Western Digital Corporation’s total current assets stands at $8.48 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.59 billion compared to accounts payable of $1.57 billion and inventory worth $3.98 billion.

In 2023, Western Digital Corporation's operating cash flow was $-138000000.00 while its capital expenditure stood at $110 million.

Comparatively, Western Digital Corporation paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$40.24

52-Week High

$63

52-Week Low

$29.73

Analyst Target Price

$45.5

Western Digital Corporation stock is currently trading at $40.24 per share. It touched a 52-week high of $63 and a 52-week low of $63. Analysts tracking the stock have a 12-month average target price of $45.5.

Its 50-day moving average was $35.79 and 200-day moving average was $37.18 The short ratio stood at 2.1 indicating a short percent outstanding of 0%.

Around 28.7% of the company’s stock are held by insiders while 8830.2% are held by institutions.