WDC:NGS-Western Digital Corporation (USD)

EQUITY | Computer Hardware | Nasdaq Global Select

Last Closing

USD 74.81

Change

+0.65 (+0.88)%

Market Cap

USD 17.47B

Volume

2.65M

Analyst Target

USD 51.49
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Western Digital Corp is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments & other organizations to create, manage, experience & preserve digital content. Its products include HDDs and SSDs.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-05-24 )

Largest Industry Peers for Computer Hardware

Symbol Name Price(Change) Market Cap
SMCI Super Micro Computer Inc

-55.75 (-12.17%)

USD 26.78B
NTAP NetApp Inc

+2.77 (+2.28%)

USD 25.03B
STX Seagate Technology PLC

+3.00 (+2.78%)

USD 22.05B
LOGI Logitech International SA

+2.02 (+2.36%)

USD 13.33B
CRCT Cricut Inc

+0.27 (+4.05%)

USD 1.44B
CRSR Corsair Gaming Inc

+0.30 (+4.71%)

USD 0.68B
SSYS Stratasys Ltd

+0.37 (+4.79%)

USD 0.54B
NNDM Nano Dimension Ltd

+0.04 (+1.63%)

USD 0.49B
CAN Canaan Inc

+0.12 (+12.80%)

USD 0.29B
RCAT Red Cat Holdings Inc

+0.09 (+3.81%)

USD 0.22B

ETFs Containing WDC

IDAT Ishares Trust - Cloud Dat.. 3.01 % 0.00 %

+0.67 (+0.65%)

USD 7.22M
QQJE:CA Invesco ESG NASDAQ Next G.. 2.24 % 0.00 %

N/A

CAD 0.98M
QQJG Invesco ESG NASDAQ Next G.. 2.22 % 0.00 %

+0.43 (+0.65%)

USD 5.71M
MRND 2.14 % 0.00 %

N/A

N/A
JNDQ:AU BETAJNDQ ETF UNITS 1.71 % 0.00 %

+0.10 (+0.65%)

N/A
EQQJ:SW Invesco NASDAQ Next Gener.. 1.70 % 0.00 %

+0.22 (+0.65%)

N/A
EQQJ:LSE Invesco NASDAQ Next Gener.. 1.54 % 0.00 %

+0.10 (+0.65%)

N/A
FCTR 1.53 % 0.00 %

N/A

N/A
SDHY:SW iShares $ Short Duration .. 1.08 % 0.00 %

+0.07 (+0.65%)

USD 0.84B
SYBK:F SSgA SPDR ETFs Europe I p.. 0.78 % 0.00 %

-0.12 (0.65%)

USD 0.14B
SYBK:XETRA SPDR Barclays 0-5 Year US.. 0.78 % 0.00 %

+0.02 (+0.65%)

USD 0.13B
SJNK:SW SPDR® Bloomberg SASB U.S.. 0.78 % 0.00 %

+0.18 (+0.65%)

USD 0.17B
LYXE:F Lyxor BofAML USD High Yie.. 0.47 % 0.00 %

+0.16 (+0.65%)

N/A
LYXE:XETRA Amundi USD High Yield Cor.. 0.47 % 0.00 %

-0.17 (0.65%)

USD 0.18B
LYX8:XETRA Amundi USD High Yield Cor.. 0.47 % 0.00 %

-0.12 (0.65%)

USD 0.18B
USHYC:SW Amundi USD High Yield Cor.. 0.47 % 0.00 %

N/A

USD 8.81M
DFVE DoubleLine ETF Trust 0.23 % 0.00 %

+0.30 (+0.65%)

USD 0.01B
BKLN Invesco Senior Loan ETF 0.00 % 0.63 %

+0.01 (+0.65%)

USD 6.75B
DVYL 0.00 % 0.00 %

N/A

N/A
PHB Invesco Fundamental High .. 0.00 % 0.50 %

+0.02 (+0.65%)

N/A
RYT 0.00 % 0.40 %

N/A

N/A
SCHM Schwab U.S. Mid-Cap ETF 0.00 % 0.05 %

+0.65 (+0.65%)

N/A
DXG:CA Dynamic Active Global Div.. 0.00 % 0.82 %

+0.27 (+0.65%)

N/A
DXU:CA Dynamic Active U.S. Divid.. 0.00 % 0.82 %

-0.09 (0.65%)

N/A
SDHG:LSE iShares IV Public Limited.. 0.00 % 0.00 %

-0.33 (0.65%)

N/A

Market Performance

  Market Performance vs. Industry/Classification (Computer Hardware) Market Performance vs. Exchange (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 42.85% 96% N/A 89% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 42.85% 96% N/A 89% A-
Trailing 12 Months  
Capital Gain 88.39% 95% A 94% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 88.39% 95% A 94% A
Trailing 5 Years  
Capital Gain 82.55% 75% C 80% B-
Dividend Return 4.88% 50% F 16% F
Total Return 87.43% 75% C 80% B-
Average Annual (5 Year Horizon)  
Capital Gain 6.90% 39% F 64% D
Dividend Return 7.36% 39% F 62% D
Total Return 0.46% 43% F 13% F
Risk Return Profile  
Volatility (Standard Deviation) 42.85% 78% C+ 41% F
Risk Adjusted Return 17.17% 48% F 54% F
Market Capitalization 17.47B 95% A 97% N/A

Key Financial Ratios

  Ratio vs. Industry/Classification (Computer Hardware) Ratio vs. Market (Nasdaq Global Select)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 14.64 88% 57%
Price/Book Ratio 2.34 24% 42%
Price / Cash Flow Ratio -58.85 95% 95%
Price/Free Cash Flow Ratio -26.36 95% 91%
Management Effectiveness  
Return on Equity -13.35% 36% 48%
Return on Invested Capital -7.70% 39% 41%
Return on Assets -2.58% 57% 45%
Debt to Equity Ratio 54.00% 25% 39%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector