WDC:NGS-Western Digital Corporation (USD)

EQUITY | Computer Hardware | Nasdaq Global Select

Last Closing

USD 71.36

Change

0.00 (0.00)%

Market Cap

USD 17.47B

Volume

0.01B

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: 2024-04-28 )

Largest Industry Peers for Computer Hardware

Symbol Name Price(Change) Market Cap
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NTAP NetApp Inc

+1.58 (+1.45%)

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STX Seagate Technology PLC

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LOGI Logitech International SA

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CRCT Cricut Inc

-0.25 (-3.34%)

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CRSR Corsair Gaming Inc

+0.11 (+1.00%)

USD 1.13B
SSYS Stratasys Ltd

-0.05 (-0.51%)

USD 0.68B
NNDM Nano Dimension Ltd

-0.07 (-2.63%)

USD 0.52B
CAN Canaan Inc

+0.11 (+11.57%)

USD 0.27B
RGTI Rigetti Computing Inc

-0.10 (-7.58%)

USD 0.20B

ETFs Containing WDC

IDAT Ishares Trust - Cloud Dat.. 3.44 % 0.00 %

+0.59 (+0.00%)

USD 7.02M
QQJE:CA Invesco ESG NASDAQ Next G.. 2.56 % 0.00 %

N/A

CAD 0.92M
QQJG Invesco ESG NASDAQ Next G.. 2.54 % 0.00 %

+0.37 (+0.00%)

USD 5.41M
MRND 2.14 % 0.00 %

N/A

N/A
RSPT Invesco S&P 500® Equal.. 1.83 % 0.00 %

+0.79 (+0.00%)

USD 3.97B
EQQJ:LSE Invesco NASDAQ Next Gener.. 1.62 % 0.00 %

+0.35 (+0.00%)

USD 0.04B
EQQJ:XETRA Invesco NASDAQ Next Gener.. 1.62 % 0.00 %

+0.21 (+0.00%)

USD 0.05B
EQJS:LSE Invesco NASDAQ Next Gener.. 1.60 % 0.00 %

+8.75 (+0.00%)

USD 0.04B
SDHG:LSE iShares IV Public Limited.. 1.08 % 0.00 %

-0.22 (0.00%)

USD 0.81B
SDHY:LSE iShares $ Short Duration .. 1.08 % 0.00 %

+0.42 (+0.00%)

USD 0.81B
SDHY:SW iShares $ Short Duration .. 1.08 % 0.00 %

N/A

USD 0.82B
SYBK:F SSgA SPDR ETFs Europe I p.. 0.78 % 0.00 %

-0.01 (0.00%)

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

+0.01 (+0.00%)

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

N/A

USD 0.14B
XEXP:CA iShares Exponential Techn.. 0.75 % 0.00 %

N/A

CAD 0.02B
XT iShares Exponential Techn.. 0.73 % 0.47 %

+0.92 (+0.00%)

USD 3.36B
SCHM Schwab U.S. Mid-Cap ETF 0.56 % 0.05 %

+0.79 (+0.00%)

USD 11.35B
LYXE:F Lyxor BofAML USD High Yie.. 0.47 % 0.00 %

-0.16 (0.00%)

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

+0.11 (+0.00%)

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

+0.30 (+0.00%)

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

N/A

USD 9.67M
BKLN Invesco Senior Loan ETF 0.00 % 0.63 %

N/A

USD 7.74B
DVYL 0.00 % 0.00 %

N/A

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

+0.10 (+0.00%)

USD 0.64B
RYT 0.00 % 0.40 %

N/A

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 36.26% 87% B+ 89% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 36.26% 87% B+ 89% A-
Trailing 12 Months  
Capital Gain 107.20% 87% B+ 95% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 107.20% 87% B+ 95% A
Trailing 5 Years  
Capital Gain 39.59% 81% B- 73% C
Dividend Return 3.91% 50% F 14% F
Total Return 43.51% 75% C 71% C-
Average Annual (5 Year Horizon)  
Capital Gain 4.75% 39% F 61% D-
Dividend Return 5.30% 43% F 59% D-
Total Return 0.54% 43% F 16% F
Risk Return Profile  
Volatility (Standard Deviation) 40.64% 87% B+ 44% F
Risk Adjusted Return 13.03% 48% F 51% 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 76% 56%
Price/Book Ratio 2.34 24% 42%
Price / Cash Flow Ratio -57.10 95% 94%
Price/Free Cash Flow Ratio -26.36 95% 91%
Management Effectiveness  
Return on Equity -13.35% 36% 48%
Return on Invested Capital -7.70% 35% 41%
Return on Assets -2.39% 57% 46%
Debt to Equity Ratio 54.00% 25% 40%

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.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

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