Market Cap : 14.39 B | Enterprise Value : 21 B | P/E (TTM) : 18.33 | P/B : 1.31 |
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GuruFocus Financial Strength Rank measures how strong a companys financial situation is. It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
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Cash-to-Debt | 0.38 |
76% of the 2317 Companies in the Global Data Storage industry. ( Industry Median: 1.26 vs. WDC: 0.38 ) Ranked among companies with meaningful Cash-to-Debt only. |
WDC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 2.14 Max: No Debt Current: 0.38 |
Equity-to-Asset | 0.39 |
76% of the 2282 Companies in the Global Data Storage industry. ( Industry Median: 0.55 vs. WDC: 0.39 ) Ranked among companies with meaningful Equity-to-Asset only. |
WDC'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.18 Med: 0.45 Max: 0.76 Current: 0.39 |
Debt-to-Equity | 0.97 |
83% of the 1765 Companies in the Global Data Storage industry. ( Industry Median: 0.36 vs. WDC: 0.97 ) Ranked among companies with meaningful Debt-to-Equity only. |
WDC'
s Debt-to-Equity Range Over the Past 10 Years
Min: -10.69 Med: 0.27 Max: 16.54 Current: 0.97 |
Debt-to-EBITDA | 2.86 |
61% of the 1627 Companies in the Global Data Storage industry. ( Industry Median: 1.99 vs. WDC: 2.86 ) Ranked among companies with meaningful Debt-to-EBITDA only. |
WDC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.2 Med: 0.82 Max: 10.8 Current: 2.86 |
Interest Coverage | 5.51 |
74% of the 1836 Companies in the Global Data Storage industry. ( Industry Median: 18.76 vs. WDC: 5.51 ) Ranked among companies with meaningful Interest Coverage only. |
WDC'
s Interest Coverage Range Over the Past 10 Years
Min: 2.58 Med: 35.7 Max: 169.44 Current: 5.51 |
Piotroski F-Score: 6 |
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Altman Z-Score: 2.07 |
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Beneish M-Score: -2.76 |
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WACC vs ROIC |
1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank
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Operating Margin % | 14.44 |
86% of the 2300 Companies in the Global Data Storage industry. ( Industry Median: 4.64 vs. WDC: 14.44 ) Ranked among companies with meaningful Operating Margin % only. |
WDC'
s Operating Margin % Range Over the Past 10 Years
Min: 6.24 Med: 12.59 Max: 18.56 Current: 14.44 |
Net Margin % | 4.34 |
56% of the 2299 Companies in the Global Data Storage industry. ( Industry Median: 3.48 vs. WDC: 4.34 ) Ranked among companies with meaningful Net Margin % only. |
WDC'
s Net Margin % Range Over the Past 10 Years
Min: 1.86 Med: 7 Max: 14.03 Current: 4.34 |
ROE % | 7.46 |
53% of the 2278 Companies in the Global Data Storage industry. ( Industry Median: 6.72 vs. WDC: 7.46 ) Ranked among companies with meaningful ROE % only. |
WDC'
s ROE % Range Over the Past 10 Years
Min: 2.38 Med: 15.1 Max: 34.98 Current: 7.46 |
ROA % | 2.91 |
54% of the 2329 Companies in the Global Data Storage industry. ( Industry Median: 3.43 vs. WDC: 2.91 ) Ranked among companies with meaningful ROA % only. |
WDC'
s ROA % Range Over the Past 10 Years
Min: 1.01 Med: 9.33 Max: 21.9 Current: 2.91 |
ROC (Joel Greenblatt) % | 40.65 |
86% of the 2326 Companies in the Global Data Storage industry. ( Industry Median: 12.21 vs. WDC: 40.65 ) Ranked among companies with meaningful ROC (Joel Greenblatt) % only. |
WDC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.23 Med: 45.43 Max: 80.22 Current: 40.65 |
3-Year Revenue Growth Rate | 3.00 |
51% of the 2196 Companies in the Global Data Storage industry. ( Industry Median: 2.80 vs. WDC: 3.00 ) Ranked among companies with meaningful 3-Year Revenue Growth Rate only. |
WDC'
s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -33.6 Med: 6.5 Max: 38.4 Current: 3 |
3-Year EBITDA Growth Rate | 10.70 |
61% of the 1871 Companies in the Global Data Storage industry. ( Industry Median: 5.10 vs. WDC: 10.70 ) Ranked among companies with meaningful 3-Year EBITDA Growth Rate only. |
WDC'
s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0 Med: 5.3 Max: 120.6 Current: 10.7 |
3-Year EPS without NRI Growth Rate | -29.10 |
86% of the 1725 Companies in the Global Data Storage industry. ( Industry Median: 6.60 vs. WDC: -29.10 ) Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only. |
WDC'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0 Med: -29.1 Max: 62.2 Current: -29.1 |
Andreas Halvorsen 3,002,720 sh (New) Steven Cohen 174,700 sh (New) Philippe Laffont 1,197,599 sh (New) First Eagle Investment 823,528 sh (+1.73%) First Pacific Advisors 589,718 sh (+1.64%) | John Hussman Sold Out Lee Ainslie Sold Out FPA Capital Fund 232,354 sh (-10.57%) David Dreman 26,601 sh (-7.05%) Robert Olstein 86,000 sh (-42.67%) T Rowe Price Equity Income Fund 530,000 sh (-26.39%) Joel Greenblatt 198,727 sh (-67.33%) David Tepper 500,000 sh (-16.67%) PRIMECAP Management 728,569 sh (-16.52%) Jeremy Grantham 134,800 sh (-26.74%) Paul Tudor Jones 35,131 sh (-6.94%) Jim Simons 2,381,182 sh (-2.06%) Pioneer Investments 326,960 sh (-21.18%) Jim Chanos 35,780 sh (-28.37%) |
Robert Olstein 107,000 sh (+24.42%) First Eagle Investment 835,249 sh (+1.42%) David Tepper 1,099,500 sh (+119.90%) First Pacific Advisors 618,089 sh (+4.81%) | FPA Capital Fund 232,354 sh (unchged) T Rowe Price Equity Income Fund 530,000 sh (unchged) Paul Singer 250,000 sh (unchged) | Andreas Halvorsen Sold Out Paul Tudor Jones Sold Out Jim Chanos Sold Out Philippe Laffont Sold Out Joel Greenblatt 32,647 sh (-83.57%) PRIMECAP Management 721,926 sh (-0.91%) Jeremy Grantham 117,714 sh (-12.68%) Steven Cohen 55,000 sh (-68.52%) Pioneer Investments 164,671 sh (-49.64%) Jim Simons 1,134,849 sh (-52.34%) |
Philippe Laffont 776,822 sh (New) FPA Capital Fund 303,319 sh (+30.54%) T Rowe Price Equity Income Fund 735,000 sh (+38.68%) Robert Olstein 153,000 sh (+42.99%) First Eagle Investment 958,993 sh (+14.82%) First Pacific Advisors 809,357 sh (+30.95%) Pioneer Investments 202,076 sh (+22.71%) Joel Greenblatt 483,266 sh (+1380.28%) | First Eagle Investment 3,000 sh (unchged) Paul Singer 150,000 sh (unchged) | Jeremy Grantham Sold Out David Tepper Sold Out Steven Cohen Sold Out PRIMECAP Management 674,513 sh (-6.57%) Jim Simons 909,200 sh (-19.88%) |
Steven Cohen 660,700 sh (New) FPA Capital Fund 346,809 sh (+14.34%) T Rowe Price Equity Income Fund 770,000 sh (+4.76%) Robert Olstein 177,000 sh (+15.69%) Jim Simons 1,148,400 sh (+26.31%) Pioneer Investments 268,996 sh (+33.12%) Joel Greenblatt 601,224 sh (+24.41%) | First Eagle Investment 7,000 sh (unchged) | Philippe Laffont Sold Out First Eagle Investment 110,417 sh (-88.49%) PRIMECAP Management 524,330 sh (-22.27%) First Pacific Advisors 458,867 sh (-43.30%) |
(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)
Guru | Date | Action |
Impact | Price Range (Average)* |
Change from Average | Comment | Current Shares |
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Industry: | Computer Hardware » Data Storage NAICS: 334112 SIC: 9999 | |
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Compare: | NAS:NTAP, NAS:STX, NYSE:TDC, NYSE:PSTG, NAS:GDS, ROCO:8299, ASX:NXT, TPE:2451, ROCO:6669, SZSE:300042, TPE:2323, TPE:2349, XKRX:005070, OSL:THIN, ROCO:6188, TPE:8215, XKRX:196450, TPE:4977, TSE:6834, NYSE:QTM » details | |
Traded in other countries: | WDC.Austria, WDC.Germany, WDC.Mexico, WDC.Switzerland, 0QZF.UK, | |
Headquarter Location: | USA |
Western Digital (NASDAQ:WDC)’s stock price was down 23.73% in the third quarter of 2018 and was the largest detractor of performance for the Fund this quarter. Whenever we see such a big move, we like to take a step back and reevaluate our investment thesis. As part of that process, we seek a deep understanding of the bear case, such that we can articulate the bear case even better than the bears can – a process known as ‘straw manning’.5 If we truly understand the bear case and can pose cogent arguments against its core points, we think this presents a good long-term investment opportunity. So, let us walk through the bear case as we see it:
The bear case, as presented, certainly sounds compelling, and many investors have obviously subscribed to it given the stock’s recent performance. But let us examine each of the arguments.
Past NAND cycles are a useful guide for today’s environment
We see several reasons to believe the current NAND cycle is different from the past. First, NAND end-markets are substantially more diversified than in the past. In 2009, nearly 80% of NAND bits went to removable products (e.g. camera flash drives).7 Today, three new end-markets, Enterprise solid state drives (“SSDs”), Client SSDs, and Mobile comprise over 80% of bit demand and each represents over 20% of the total.8 Today’s those diversified end-markets should help limit cyclicality of the business. Second, today’s products are less commodity-like than in the past. As a reminder, Western Digital is not just selling raw NAND flash, it is selling SSDs, and these products generally require more intellectual property and carry better margins. As Western Digital sits higher up in the value chain, we expect the business to perform better than a pure commodity business. Third, we believe long-term secular demand drivers are robust. Data storage is at the center of multiple megatrends (e.g., internet of things, surveillance, big data, analytics, artificial intelligence, cloud computing, etc.), and we think strong underlying demand should help rebalance any temporary supply/demand imbalance that arises. Fourth, the technology has become harder to scale, and that has placed a ceiling on potential supply growth. From 2004 to 2008, ‘bits shipped’ grew at nearly a 200% CAGR.9 That CAGR has fallen to closer to 35-45% from 2013-2017.10 This cap on bit supply growth, when paired with strong demand, fundamentally limits how far out of balance the market can get, and we believe that is a key difference compared to past cycles. And fifth, manufacturers are already acting rationally by curbing supply in the face of slowing demand. That was not always the case. On Western Digital’s last earnings conference call, Chief Operating Officer Mike Cordano spoke to this point directly, telling analysts: “We are in discussions with Toshiba Memory Corporation, our joint venture partner, to moderate the near-term pace of capital investments.”11 Bottom line, for all of these reasons, we think the current NAND cycle is likely to be less harsh than the past cycles that bearish analysts may be using to formulate their views.
Gross margins cratered during past down cycles and they are likely to crater again
While it is true that gross margins have declined meaningfully from peak-to-trough in past cycles, for the most recent cycle, the fall in gross margins was capped at about 15 percentage points (as shown in the chart below). The one glaring exception to this trend came during the financial crisis. Our view is that given all of the positive structural changes in the industry discussed above, the industry is very unlikely to see a fall in gross margins anywhere near what we saw in 2009. Instead, we expect gross margins to fall a few percentage points in each of the next several quarters while the market rebalances. One final point: As you might expect for an industry whose quality is improving, we see a general up-trend in gross margin with each subsequent cycle (higher highs and higher lows).
Collapsing gross margins means falling earnings & the stock price will follow earnings lower
If we look at past cycles, it is really no surprise that earnings per share (“EPS”) tends to follow gross margins lower. However, as shown in the charts below, the stock price doesn’t always head lower when EPS is temporarily pressured by the down-cycle. In fact, during the gross margin compression cycle from 2010 to 2012, the stock mostly traded sideways. Furthermore, the stock bottomed almost two full quarters before gross margin, and even kicked off a sustained rally while gross margins continued to fall. Said another way, even though we agree that gross margins and EPS are heading lower near-term, that does not mean the stock will continue to trend down as well.
In addition, if the stock is so cheap, why is the company not buying back shares?
The company did virtually no buybacks over the previous two years, but there were good reasons for that. First, the company was in the midst of its dispute with Toshiba (its joint venture partner).12 This dispute is behind them now. Second, the company’s debt level increased to almost $17 billion after its acquisition of SanDisk Corporation in May 2016. Since then, the company has not only decreased its gross debt level to $11 billion, but also cut its annual interest expense by over 40% via debt pay down and successful refinancing.13 The improved operational performance, coupled with the reduced interest payments, has bolstered Western Digital’s free cash flow to over $3.3 billion over the last 12 months 14.
Following these improvements in the balance sheet and free cash flow generation, the company repurchased over $430 million worth of shares (nearly 2% of shares outstanding) in the second calendar quarter of 2018. It also announced a $5 billion repurchase authorization15 – which, if executed at today’s share price, would shrink the share count by nearly a third. Furthermore, we estimate that Western Digital has already repurchased nearly 5 million shares through the first half of 3Q2018, based on disclosures in its most recent 10-K. This would put the company on pace to repurchase ~3% of shares outstanding in the current quarter alone. We believe these repurchases will be accretive to long-term shareholders and we applaud the move as a sound capital allocation decision.
When we evaluate the bear case, we take issue with essentially all of its core arguments. Additionally, the bear case entirely ignores what we believe to be a compelling current valuation for Western Digital. On a trailing 12-month basis through FY18’4Q, the stock trades at a 3.8x adj P/E and a 4.2x EBITDA multiple, and on a forward-basis it trades at a 5.0x adj P/E and a 3.7x EBITDA multiple (as of October 17, 2018). These are multiples typically reserved for dying businesses with no terminal value. In our view, they are not applicable to a thriving, growing business like Western Digital. Furthermore, even if estimates continue to fall, we believe these low multiples provide a margin of safety for our investment.
Now let us take a look back at our history with this stock. We have owned Western Digital stock and traded around our position very successfully for over a decade (as shown in the chart below). Historically, the market has provided us with many opportunities to take advantage of short-term pessimism and euphoria, and we have tended to capitalize on those periods. We believe the stock’s decline over the last few quarters represents the latest wave of pessimism. During this period, we have added to our position substantially, and we feel strongly that the downturn has presented us with yet another compelling opportunity with a company we know very well.
From FPA Capital's third-quarter 2018 shareholder letter.
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PE Ratio | 18.33 |
53% of the 1711 Companies in the Global Data Storage industry. ( Industry Median: 16.75 vs. WDC: 18.33 ) Ranked among companies with meaningful PE Ratio only. |
WDC'
s PE Ratio Range Over the Past 10 Years
Min: 2.33 Med: 12.32 Max: 180.42 Current: 18.33 |
Forward PE Ratio | 8.86 |
90% of the 259 Companies in the Global Data Storage industry. ( Industry Median: 14.71 vs. WDC: 8.86 ) Ranked among companies with meaningful Forward PE Ratio only. |
N/A |
PE Ratio without NRI | 18.33 |
53% of the 1690 Companies in the Global Data Storage industry. ( Industry Median: 16.78 vs. WDC: 18.33 ) Ranked among companies with meaningful PE Ratio without NRI only. |
WDC'
s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.33 Med: 12.32 Max: 180.42 Current: 18.33 |
Price-to-Owner-Earnings | 12.76 |
72% of the 1041 Companies in the Global Data Storage industry. ( Industry Median: 22.30 vs. WDC: 12.76 ) Ranked among companies with meaningful Price-to-Owner-Earnings only. |
WDC'
s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 2.04 Med: 8.36 Max: 32.21 Current: 12.76 |
PB Ratio | 1.31 |
57% of the 2309 Companies in the Global Data Storage industry. ( Industry Median: 1.47 vs. WDC: 1.31 ) Ranked among companies with meaningful PB Ratio only. |
WDC'
s PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.8 Max: 3.49 Current: 1.31 |
PS Ratio | 0.79 |
58% of the 2318 Companies in the Global Data Storage industry. ( Industry Median: 0.98 vs. WDC: 0.79 ) Ranked among companies with meaningful PS Ratio only. |
WDC'
s PS Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.97 Max: 1.8 Current: 0.79 |
Price-to-Free-Cash-Flow | 7.22 |
87% of the 930 Companies in the Global Data Storage industry. ( Industry Median: 20.39 vs. WDC: 7.22 ) Ranked among companies with meaningful Price-to-Free-Cash-Flow only. |
WDC'
s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.71 Med: 7.89 Max: 14.89 Current: 7.22 |
Price-to-Operating-Cash-Flow | 5.02 |
88% of the 1350 Companies in the Global Data Storage industry. ( Industry Median: 14.25 vs. WDC: 5.02 ) Ranked among companies with meaningful Price-to-Operating-Cash-Flow only. |
WDC'
s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.59 Med: 5.37 Max: 11.06 Current: 5.02 |
EV-to-EBIT | 11.84 |
55% of the 1789 Companies in the Global Data Storage industry. ( Industry Median: 12.83 vs. WDC: 11.84 ) Ranked among companies with meaningful EV-to-EBIT only. |
WDC'
s EV-to-EBIT Range Over the Past 10 Years
Min: 1.5 Med: 8.5 Max: 462.5 Current: 11.84 |
EV-to-EBITDA | 5.65 |
79% of the 1910 Companies in the Global Data Storage industry. ( Industry Median: 10.14 vs. WDC: 5.65 ) Ranked among companies with meaningful EV-to-EBITDA only. |
WDC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.1 Med: 5.1 Max: 17.8 Current: 5.65 |
EV-to-Revenue | 1.08 |
52% of the 2307 Companies in the Global Data Storage industry. ( Industry Median: 0.99 vs. WDC: 1.08 ) Ranked among companies with meaningful EV-to-Revenue only. |
WDC'
s EV-to-Revenue Range Over the Past 10 Years
Min: 0.2 Med: 0.9 Max: 2 Current: 1.08 |
PEG Ratio | 3.98 |
78% of the 874 Companies in the Global Data Storage industry. ( Industry Median: 1.40 vs. WDC: 3.98 ) Ranked among companies with meaningful PEG Ratio only. |
WDC'
s PEG Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.51 Max: 191.94 Current: 3.98 |
Shiller PE Ratio | 12.01 |
80% of the 681 Companies in the Global Data Storage industry. ( Industry Median: 22.91 vs. WDC: 12.01 ) Ranked among companies with meaningful Shiller PE Ratio only. |
WDC'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.62 Med: 18.24 Max: 1946.5 Current: 12.01 |
Current Ratio | 2.24 |
61% of the 2256 Companies in the Global Data Storage industry. ( Industry Median: 1.89 vs. WDC: 2.24 ) Ranked among companies with meaningful Current Ratio only. |
WDC'
s Current Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.79 Max: 3.48 Current: 2.24 |
Quick Ratio | 1.45 |
53% of the 2256 Companies in the Global Data Storage industry. ( Industry Median: 1.39 vs. WDC: 1.45 ) Ranked among companies with meaningful Quick Ratio only. |
WDC'
s Quick Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.45 Max: 3.18 Current: 1.45 |
Days Inventory | 81.70 |
54% of the 2249 Companies in the Global Data Storage industry. ( Industry Median: 77.36 vs. WDC: 81.70 ) Ranked among companies with meaningful Days Inventory only. |
WDC'
s Days Inventory Range Over the Past 10 Years
Min: 22.93 Med: 40.37 Max: 81.7 Current: 81.7 |
Days Sales Outstanding | 32.28 |
92% of the 2261 Companies in the Global Data Storage industry. ( Industry Median: 79.60 vs. WDC: 32.28 ) Ranked among companies with meaningful Days Sales Outstanding only. |
WDC'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 32.28 Med: 43.99 Max: 69.15 Current: 32.28 |
Days Payable | 54.45 |
61% of the 2219 Companies in the Global Data Storage industry. ( Industry Median: 65.83 vs. WDC: 54.45 ) Ranked among companies with meaningful Days Payable only. |
WDC'
s Days Payable Range Over the Past 10 Years
Min: 54.45 Med: 66.57 Max: 114.5 Current: 54.45 |
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Dividend Yield % | 4.04 |
77% of the 1880 Companies in the Global Data Storage industry. ( Industry Median: 1.09 vs. WDC: 4.04 ) Ranked among companies with meaningful Dividend Yield % only. |
WDC'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.6 Med: 2.23 Max: 5.64 Current: 4.04 |
Dividend Payout Ratio | 0.72 |
79% of the 1374 Companies in the Global Data Storage industry. ( Industry Median: 0.36 vs. WDC: 0.72 ) Ranked among companies with meaningful Dividend Payout Ratio only. |
WDC'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.6 Max: 2 Current: 0.72 |
3-Year Dividend Growth Rate | 3.60 |
56% of the 1052 Companies in the Global Data Storage industry. ( Industry Median: 6.30 vs. WDC: 3.60 ) Ranked among companies with meaningful 3-Year Dividend Growth Rate only. |
WDC'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0 Med: 0 Max: 26 Current: 3.6 |
Forward Dividend Yield % | 4.04 |
73% of the 1815 Companies in the Global Data Storage industry. ( Industry Median: 2.65 vs. WDC: 4.04 ) Ranked among companies with meaningful Forward Dividend Yield % only. |
N/A |
5-Year Yield-on-Cost % | 8.23 |
87% of the 1852 Companies in the Global Data Storage industry. ( Industry Median: 2.89 vs. WDC: 8.23 ) Ranked among companies with meaningful 5-Year Yield-on-Cost % only. |
WDC'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.22 Med: 4.54 Max: 11.49 Current: 8.23 |
3-Year Average Share Buyback Ratio | -8.80 |
70% of the 1532 Companies in the Global Data Storage industry. ( Industry Median: -3.00 vs. WDC: -8.80 ) Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only. |
WDC'
s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -29.2 Med: -3 Max: 3.9 Current: -8.8 |
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Price-to-Intrinsic-Value-Projected-FCF | 0.48 | ||
Price-to-Intrinsic-Value-DCF (Earnings Based) | 1.71 |
72% of the 156 Companies in the Global Data Storage industry. ( Industry Median: 1.16 vs. WDC: 1.71 ) Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only. |
WDC'
s Price-to-Intrinsic-Value-DCF (Earnings Based) Range Over the Past 10 Years
Min: 0.16 Med: 0.58 Max: 4.46 Current: 1.71 |
Price-to-Median-PS-Value | 0.82 |
65% of the 2112 Companies in the Global Data Storage industry. ( Industry Median: 0.94 vs. WDC: 0.82 ) Ranked among companies with meaningful Price-to-Median-PS-Value only. |
WDC'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.09 Med: 0.66 Max: 1.81 Current: 0.82 |
Price-to-Peter-Lynch-Fair-Value | 3.24 |
89% of the 551 Companies in the Global Data Storage industry. ( Industry Median: 1.05 vs. WDC: 3.24 ) Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only. |
WDC'
s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.14 Med: 0.46 Max: 8.55 Current: 3.24 |
Earnings Yield (Greenblatt) % | 8.45 |
66% of the 2382 Companies in the Global Data Storage industry. ( Industry Median: 5.45 vs. WDC: 8.45 ) Ranked among companies with meaningful Earnings Yield (Greenblatt) % only. |
WDC'
s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.2 Med: 11.7 Max: 67.5 Current: 8.45 |
Forward Rate of Return (Yacktman) % | 21.96 |
91% of the 1382 Companies in the Global Data Storage industry. ( Industry Median: 7.08 vs. WDC: 21.96 ) Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only. |
WDC'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 0.8 Med: 25.2 Max: 33.8 Current: 21.96 |
Revenue (TTM) (Mil) $ | 19,391.00 |
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EPS (TTM) $ | 2.70 |
Beta | 1.70 |
Volatility | 44.74% |
52-Week Range $ | 33.83 - 106.96 |
Shares Outstanding (Mil) | 290.85 |
Jun19 | Jun20 | Jun21 | |
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Revenue (Mil $) | 16,726 | 16,347 | 16,190 |
EBIT (Mil $) | 1,401 | 1,563 | 2,812 |
EBITDA (Mil $) | 2,979 | 3,144 | 4,721 |
EPS ($) | -1.47 | 1.17 | 2.07 |
EPS without NRI ($) | -1.47 | 1.17 | 2.07 |
EPS Growth Rate (Future 3Y To 5Y Estimate) | -3.48% | ||
Dividends per Share ($) | 2.00 | 2.00 | 2.00 |
|
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FPA Capital Fund 3rd Quarter Commentary Nov 05 2018 |
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GF Chat