Switch to:
Also traded in: Austria, Germany, Mexico, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s 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.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.42
WDC's Cash-to-Debt is ranked lower than
73% of the 2224 Companies
in the Global Data Storage industry.

( Industry Median: 1.32 vs. WDC: 0.42 )
Ranked among companies with meaningful Cash-to-Debt only.
WDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12  Med: 2.15 Max: No Debt
Current: 0.42
0.12
No Debt
Equity-to-Asset 0.40
WDC's Equity-to-Asset is ranked lower than
76% of the 2191 Companies
in the Global Data Storage industry.

( Industry Median: 0.57 vs. WDC: 0.40 )
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: 0.4
-0.18
0.76
Debt-to-Equity 0.98
WDC's Debt-to-Equity is ranked lower than
83% of the 1763 Companies
in the Global Data Storage industry.

( Industry Median: 0.35 vs. WDC: 0.98 )
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: 0.98
-10.69
16.54
Debt-to-EBITDA 2.45
WDC's Debt-to-EBITDA is ranked lower than
52% of the 1565 Companies
in the Global Data Storage industry.

( Industry Median: 2.11 vs. WDC: 2.45 )
Ranked among companies with meaningful Debt-to-EBITDA only.
WDC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.2  Med: 0.78 Max: 10.8
Current: 2.45
0.2
10.8
Interest Coverage 6.14
WDC's Interest Coverage is ranked lower than
81% of the 1785 Companies
in the Global Data Storage industry.

( Industry Median: 51.60 vs. WDC: 6.14 )
Ranked among companies with meaningful Interest Coverage only.
WDC' s Interest Coverage Range Over the Past 10 Years
Min: 2.58  Med: 35.08 Max: 169.44
Current: 6.14
2.58
169.44
Piotroski F-Score: 6
Altman Z-Score: 2.18
Beneish M-Score: -2.78
WACC vs ROIC
7.92%
5.26%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

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•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 17.60
WDC's Operating Margin % is ranked higher than
92% of the 2202 Companies
in the Global Data Storage industry.

( Industry Median: 4.79 vs. WDC: 17.60 )
Ranked among companies with meaningful Operating Margin % only.
WDC' s Operating Margin % Range Over the Past 10 Years
Min: 6.24  Med: 12.37 Max: 18.56
Current: 17.6
6.24
18.56
Net Margin % 2.46
WDC's Net Margin % is ranked lower than
52% of the 2203 Companies
in the Global Data Storage industry.

( Industry Median: 3.56 vs. WDC: 2.46 )
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: 2.46
1.86
14.03
ROE % 4.39
WDC's ROE % is ranked lower than
54% of the 2185 Companies
in the Global Data Storage industry.

( Industry Median: 6.76 vs. WDC: 4.39 )
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: 4.39
2.38
34.98
ROA % 1.71
WDC's ROA % is ranked lower than
60% of the 2229 Companies
in the Global Data Storage industry.

( Industry Median: 3.57 vs. WDC: 1.71 )
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: 1.71
1.01
21.9
ROC (Joel Greenblatt) % 61.05
WDC's ROC (Joel Greenblatt) % is ranked higher than
94% of the 2226 Companies
in the Global Data Storage industry.

( Industry Median: 12.27 vs. WDC: 61.05 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
WDC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.24  Med: 50.29 Max: 80.22
Current: 61.05
11.24
80.22
3-Year Revenue Growth Rate 3.00
WDC's 3-Year Revenue Growth Rate is ranked higher than
52% of the 2092 Companies
in the Global Data Storage industry.

( Industry Median: 2.70 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
-33.6
38.4
3-Year EBITDA Growth Rate 10.70
WDC's 3-Year EBITDA Growth Rate is ranked higher than
72% of the 1785 Companies
in the Global Data Storage industry.

( Industry Median: 6.00 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: 10.7 Max: 85.3
Current: 10.7
0
85.3
3-Year EPS without NRI Growth Rate -29.10
WDC's 3-Year EPS without NRI Growth Rate is ranked lower than
86% of the 1672 Companies
in the Global Data Storage industry.

( Industry Median: 6.40 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
0
62.2
GuruFocus has detected 1 Warning Sign with Western Digital Corp WDC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» WDC's 30-Y Financials

Financials (Next Earnings Date: 2019-01-25 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

WDC Guru Trades in Q3 2017

John Hussman 35,000 sh (New)
First Eagle Investment 419,988 sh (New)
Paul Tudor Jones 18,603 sh (New)
Jim Simons 1,454,749 sh (+945.46%)
Caxton Associates 45,900 sh (+183.33%)
Jim Chanos 42,824 sh (+85.12%)
Robert Olstein 118,000 sh (+36.42%)
Joel Greenblatt 459,119 sh (+14.01%)
David Tepper 2,575,138 sh (+0.20%)
Steven Cohen Sold Out
Pioneer Investments 293,897 sh (-0.14%)
PRIMECAP Management 1,069,843 sh (-4.83%)
David Dreman 32,418 sh (-7.31%)
Manning & Napier Advisors, Inc 53,102 sh (-7.43%)
FPA Capital Fund 331,340 sh (-11.77%)
First Pacific Advisors 764,090 sh (-13.37%)
Jeremy Grantham 369,500 sh (-13.81%)
T Rowe Price Equity Income Fund 1,030,000 sh (-28.38%)
Charles Brandes 568,153 sh (-29.55%)
Ken Heebner 285,000 sh (-59.86%)
» More
Q4 2017

WDC Guru Trades in Q4 2017

Lee Ainslie 93,040 sh (New)
Paul Tudor Jones 37,749 sh (+102.92%)
First Eagle Investment 809,528 sh (+92.75%)
Jim Simons 2,431,182 sh (+67.12%)
Pioneer Investments 414,840 sh (+41.15%)
Joel Greenblatt 608,280 sh (+32.49%)
Robert Olstein 150,000 sh (+27.12%)
Jim Chanos 49,950 sh (+16.64%)
John Hussman 35,000 sh (unchged)
Ken Heebner Sold Out
Charles Brandes Sold Out
Caxton Associates Sold Out
David Dreman 28,619 sh (-11.72%)
PRIMECAP Management 872,706 sh (-18.43%)
FPA Capital Fund 259,823 sh (-21.58%)
First Pacific Advisors 580,201 sh (-24.07%)
T Rowe Price Equity Income Fund 720,000 sh (-30.10%)
Jeremy Grantham 184,000 sh (-50.20%)
David Tepper 600,000 sh (-76.70%)
» More
Q1 2018

WDC Guru Trades in Q1 2018

Andreas Halvorsen 3,002,720 sh (New)
Steven Cohen 174,700 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
Jim Simons 2,381,182 sh (-2.06%)
Paul Tudor Jones 35,131 sh (-6.94%)
David Dreman 26,601 sh (-7.05%)
FPA Capital Fund 232,354 sh (-10.57%)
PRIMECAP Management 728,569 sh (-16.52%)
David Tepper 500,000 sh (-16.67%)
Pioneer Investments 326,960 sh (-21.18%)
T Rowe Price Equity Income Fund 530,000 sh (-26.39%)
Jeremy Grantham 134,800 sh (-26.74%)
Jim Chanos 35,780 sh (-28.37%)
Robert Olstein 86,000 sh (-42.67%)
Joel Greenblatt 198,727 sh (-67.33%)
» More
Q2 2018

WDC Guru Trades in Q2 2018

David Tepper 1,099,500 sh (+119.90%)
Robert Olstein 107,000 sh (+24.42%)
First Pacific Advisors 618,089 sh (+4.81%)
First Eagle Investment 835,249 sh (+1.42%)
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
Jim Chanos Sold Out
Paul Tudor Jones Sold Out
PRIMECAP Management 721,926 sh (-0.91%)
Jeremy Grantham 117,714 sh (-12.68%)
Pioneer Investments 164,671 sh (-49.64%)
Jim Simons 1,134,849 sh (-52.34%)
Steven Cohen 55,000 sh (-68.52%)
Joel Greenblatt 32,647 sh (-83.57%)
» More
» Details

Insider Trades

Latest Guru Trades with WDC

(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
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Computer Hardware » Data Storage    NAICS: 334112    SIC: 9999
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 Corp is the global leader in the hard disk drive market. It develops, manufactures, and provides data storage solutions that enable consumers to create, manage, experience and preserve digital content. Its products include HDDs and SSDs.

Western Digital is the global leader in the hard disk drive market. The company develops, manufactures, and provides data storage solutions to consumers, businesses, and governments. The company's product portfolio includes hard disk drives, solid-state drives, and public and private cloud data center storage solutions. Western Digital's SanDisk acquisition positions the company as a broad-based provider of media-agnostic storage solutions.

Guru Investment Theses on Western Digital Corp

FPA Capital Comments on Western Digital - Nov 05, 2018

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:




  1. Past NAND memory cycles6 are a useful guide for today’s environment.

  2. Gross margins cratered during past down cycles and we believe they are likely to crater again.

  3. Collapsing gross margins suggest falling earnings and that the stock will follow earnings lower.

  4. If the stock is so cheap, why isn’t the company buying back shares?



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.



Check out FPA Capital latest stock trades

Top Ranked Articles about Western Digital Corp

FPA Capital Comments on Western Digital Guru stock highlight
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: Read more...
Kaminario Announces Record Financial Results and New Strategic Investor
Excelero Receives Strategic Investment from Western Digital, Capping Five Successive Quarters of Strong Growth

Ratios

vs
industry
vs
history
PE Ratio 29.13
WDC's PE Ratio is ranked lower than
70% of the 1649 Companies
in the Global Data Storage industry.

( Industry Median: 19.39 vs. WDC: 29.13 )
Ranked among companies with meaningful PE Ratio only.
WDC' s PE Ratio Range Over the Past 10 Years
Min: 2.33  Med: 11.51 Max: 180.42
Current: 29.13
2.33
180.42
Forward PE Ratio 5.40
WDC's Forward PE Ratio is ranked higher than
100% of the 209 Companies
in the Global Data Storage industry.

( Industry Median: 15.90 vs. WDC: 5.40 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 29.13
WDC's PE Ratio without NRI is ranked lower than
70% of the 1647 Companies
in the Global Data Storage industry.

( Industry Median: 19.58 vs. WDC: 29.13 )
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: 11.51 Max: 180.42
Current: 29.13
2.33
180.42
Price-to-Owner-Earnings 7.58
WDC's Price-to-Owner-Earnings is ranked higher than
85% of the 1053 Companies
in the Global Data Storage industry.

( Industry Median: 24.44 vs. WDC: 7.58 )
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: 8.12 Max: 32.33
Current: 7.58
2.04
32.33
PB Ratio 1.19
WDC's PB Ratio is ranked higher than
50% of the 2171 Companies
in the Global Data Storage industry.

( Industry Median: 1.67 vs. WDC: 1.19 )
Ranked among companies with meaningful PB Ratio only.
WDC' s PB Ratio Range Over the Past 10 Years
Min: 0.81  Med: 1.86 Max: 3.49
Current: 1.19
0.81
3.49
PS Ratio 0.70
WDC's PS Ratio is ranked higher than
55% of the 2179 Companies
in the Global Data Storage industry.

( Industry Median: 1.11 vs. WDC: 0.70 )
Ranked among companies with meaningful PS Ratio only.
WDC' s PS Ratio Range Over the Past 10 Years
Min: 0.28  Med: 0.98 Max: 1.8
Current: 0.7
0.28
1.8
Price-to-Free-Cash-Flow 5.10
WDC's Price-to-Free-Cash-Flow is ranked higher than
91% of the 874 Companies
in the Global Data Storage industry.

( Industry Median: 24.05 vs. WDC: 5.10 )
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: 8.06 Max: 14.89
Current: 5.1
2.71
14.89
Price-to-Operating-Cash-Flow 3.81
WDC's Price-to-Operating-Cash-Flow is ranked higher than
90% of the 1248 Companies
in the Global Data Storage industry.

( Industry Median: 16.39 vs. WDC: 3.81 )
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: 5.47 Max: 11.06
Current: 3.81
1.59
11.06
EV-to-EBIT 7.85
WDC's EV-to-EBIT is ranked higher than
73% of the 1694 Companies
in the Global Data Storage industry.

( Industry Median: 15.04 vs. WDC: 7.85 )
Ranked among companies with meaningful EV-to-EBIT only.
WDC' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.5  Med: 7.9 Max: 462.5
Current: 7.85
1.5
462.5
EV-to-EBITDA 4.39
WDC's EV-to-EBITDA is ranked higher than
85% of the 1802 Companies
in the Global Data Storage industry.

( Industry Median: 11.60 vs. WDC: 4.39 )
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 Max: 17.8
Current: 4.39
1.1
17.8
EV-to-Revenue 0.98
WDC's EV-to-Revenue is ranked lower than
53% of the 2165 Companies
in the Global Data Storage industry.

( Industry Median: 1.11 vs. WDC: 0.98 )
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: 0.98
0.2
2
PEG Ratio 58.20
WDC's PEG Ratio is ranked lower than
90% of the 855 Companies
in the Global Data Storage industry.

( Industry Median: 1.58 vs. WDC: 58.20 )
Ranked among companies with meaningful PEG Ratio only.
WDC' s PEG Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.38 Max: 58.2
Current: 58.2
0.05
58.2
Shiller PE Ratio 10.76
WDC's Shiller PE Ratio is ranked higher than
72% of the 527 Companies
in the Global Data Storage industry.

( Industry Median: 26.21 vs. WDC: 10.76 )
Ranked among companies with meaningful Shiller PE Ratio only.
WDC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.64  Med: 18.43 Max: 1946.5
Current: 10.76
7.64
1946.5
Current Ratio 2.41
WDC's Current Ratio is ranked higher than
63% of the 2194 Companies
in the Global Data Storage industry.

( Industry Median: 1.94 vs. WDC: 2.41 )
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: 2.41
0.89
3.48
Quick Ratio 1.70
WDC's Quick Ratio is ranked higher than
61% of the 2193 Companies
in the Global Data Storage industry.

( Industry Median: 1.43 vs. WDC: 1.70 )
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: 1.7
0.47
3.18
Days Inventory 74.56
WDC's Days Inventory is ranked higher than
53% of the 2155 Companies
in the Global Data Storage industry.

( Industry Median: 74.09 vs. WDC: 74.56 )
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: 74.56
Current: 74.56
22.93
74.56
Days Sales Outstanding 39.52
WDC's Days Sales Outstanding is ranked higher than
88% of the 2172 Companies
in the Global Data Storage industry.

( Industry Median: 75.50 vs. WDC: 39.52 )
Ranked among companies with meaningful Days Sales Outstanding only.
WDC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.24  Med: 43.99 Max: 69.15
Current: 39.52
37.24
69.15
Days Payable 58.26
WDC's Days Payable is ranked higher than
50% of the 2147 Companies
in the Global Data Storage industry.

( Industry Median: 63.93 vs. WDC: 58.26 )
Ranked among companies with meaningful Days Payable only.
WDC' s Days Payable Range Over the Past 10 Years
Min: 58.26  Med: 66.57 Max: 114.5
Current: 58.26
58.26
114.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 4.29
WDC's Dividend Yield % is ranked higher than
68% of the 1958 Companies
in the Global Data Storage industry.

( Industry Median: 2.13 vs. WDC: 4.29 )
Ranked among companies with meaningful Dividend Yield % only.
WDC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.6  Med: 2.21 Max: 5.64
Current: 4.29
0.6
5.64
Dividend Payout Ratio 1.19
WDC's Dividend Payout Ratio is ranked lower than
97% of the 1332 Companies
in the Global Data Storage industry.

( Industry Median: 0.36 vs. WDC: 1.19 )
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: 1.19
0.19
2
3-Year Dividend Growth Rate 3.60
WDC's 3-Year Dividend Growth Rate is ranked lower than
56% of the 1010 Companies
in the Global Data Storage industry.

( Industry Median: 6.40 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
0
26
Forward Dividend Yield % 4.29
WDC's Forward Dividend Yield % is ranked higher than
65% of the 1883 Companies
in the Global Data Storage industry.

( Industry Median: 2.31 vs. WDC: 4.29 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 8.74
WDC's 5-Year Yield-on-Cost % is ranked higher than
81% of the 1947 Companies
in the Global Data Storage industry.

( Industry Median: 2.63 vs. WDC: 8.74 )
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: 4.5 Max: 11.49
Current: 8.74
1.22
11.49
3-Year Average Share Buyback Ratio -8.80
WDC's 3-Year Average Share Buyback Ratio is ranked lower than
71% of the 1479 Companies
in the Global Data Storage industry.

( Industry Median: -2.90 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
-29.2
3.9

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 0.45
WDC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
84% of the 1359 Companies
in the Global Data Storage industry.

( Industry Median: 1.37 vs. WDC: 0.45 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
WDC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.36  Med: 0.96 Max: 103
Current: 0.45
0.36
103
Price-to-Median-PS-Value 0.72
WDC's Price-to-Median-PS-Value is ranked higher than
57% of the 2067 Companies
in the Global Data Storage industry.

( Industry Median: 1.05 vs. WDC: 0.72 )
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: 0.08  Med: 0.66 Max: 1.79
Current: 0.72
0.08
1.79
Earnings Yield (Greenblatt) % 12.74
WDC's Earnings Yield (Greenblatt) % is ranked higher than
79% of the 2228 Companies
in the Global Data Storage industry.

( Industry Median: 4.80 vs. WDC: 12.74 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
WDC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.2  Med: 12.65 Max: 66.1
Current: 12.74
0.2
66.1
Forward Rate of Return (Yacktman) % 19.47
WDC's Forward Rate of Return (Yacktman) % is ranked higher than
60% of the 1273 Companies
in the Global Data Storage industry.

( Industry Median: 8.87 vs. WDC: 19.47 )
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: -2.9  Med: 27.1 Max: 33.8
Current: 19.47
-2.9
33.8

More Statistics

Revenue (TTM) (Mil) $20,494.00
EPS (TTM) $ 1.60
Beta1.64
Volatility36.69%
52-Week Range $40.58 - 106.96
Shares Outstanding (Mil)289.42

Analyst Estimate

Jun19 Jun20 Jun21
Revenue (Mil $) 18,574 18,896 17,275
EBIT (Mil $) 3,061 3,469 4,215
EBITDA (Mil $) 4,416 4,812 5,401
EPS ($) 5.33 7.34 4.90
EPS without NRI ($) 5.33 7.34 4.90
EPS Growth Rate
(Future 3Y To 5Y Estimate)
-3.15%
Dividends per Share ($) 2.00 2.00 2.00

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyY
Higher Gross Margin yoyY
Higher Asset Turnover yoyN

» More Articles for WDC

Headlines

Articles On GuruFocus.com

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}