Financials Western Digital Corporation

Equities

WDC

US9581021055

Computer Hardware

Real-time Estimate Cboe BZX 09:49:10 2024-05-02 EDT 5-day change 1st Jan Change
69.54 USD -1.37% Intraday chart for Western Digital Corporation +0.86% +33.74%

Valuation

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,932 13,232 21,810 14,039 12,135 23,023 - -
Enterprise Value (EV) 1 20,999 19,759 27,165 18,734 17,182 28,825 27,411 27,304
P/E ratio -18.4 x -52.6 x 26.8 x 9.44 x -6.97 x -37.8 x 12.2 x 12.6 x
Yield 4.21% 3.4% - - - - - 2.73%
Capitalization / Revenue 0.84 x 0.79 x 1.29 x 0.75 x 0.99 x 1.78 x 1.32 x 1.27 x
EV / Revenue 1.27 x 1.18 x 1.61 x 1 x 1.39 x 2.23 x 1.57 x 1.51 x
EV / EBITDA 5.47 x 6.4 x 8.71 x 4.55 x 73.4 x 28.3 x 6.6 x 7.76 x
EV / FCF 109 x 17.8 x 24.1 x 24.2 x -14.3 x -408 x 15.6 x 14.3 x
FCF Yield 0.91% 5.61% 4.15% 4.13% -6.99% -0.25% 6.42% 7%
Price to Book 1.39 x 1.39 x 2.04 x 1.16 x - 2.19 x 1.83 x 1.67 x
Nbr of stocks (in thousands) 292,998 299,701 306,453 313,168 319,937 326,525 - -
Reference price 2 47.55 44.15 71.17 44.83 37.93 70.51 70.51 70.51
Announcement Date 19-07-31 20-08-05 21-08-04 22-08-05 23-07-31 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Giugno 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,569 16,736 16,922 18,793 12,318 12,945 17,448 18,073
EBITDA 1 3,836 3,088 3,118 4,115 234 1,020 4,155 3,517
EBIT 1 2,024 1,522 1,906 3,186 -594 387.1 3,724 3,292
Operating Margin 12.22% 9.09% 11.26% 16.95% -4.82% 2.99% 21.35% 18.21%
Earnings before Tax (EBT) 1 -287 -46 927 2,123 -1,560 -421 2,074 2,284
Net income 1 -754 -250 821 1,500 -1,730 -614.3 2,088 1,826
Net margin -4.55% -1.49% 4.85% 7.98% -14.04% -4.75% 11.97% 10.1%
EPS 2 -2.580 -0.8400 2.660 4.750 -5.440 -1.865 5.780 5.586
Free Cash Flow 1 192 1,108 1,126 773 -1,201 -70.7 1,760 1,910
FCF margin 1.16% 6.62% 6.65% 4.11% -9.75% -0.55% 10.09% 10.57%
FCF Conversion (EBITDA) 5.01% 35.88% 36.11% 18.78% - - 42.35% 54.31%
FCF Conversion (Net income) - - 137.15% 51.53% - - 84.28% 104.62%
Dividend per Share 2 2.000 1.500 - - - - - 1.928
Announcement Date 19-07-31 20-08-05 21-08-04 22-08-05 23-07-31 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 4,833 4,381 4,528 3,736 3,107 2,803 2,672 2,750 3,032 3,457 3,725 4,195 4,536 4,446 4,523
EBITDA 1 1,124 866 923 523 95 -91 -293 -296 52 520 676.3 978.6 1,212 1,344 1,359
EBIT 1 882 650 702 307 -119 -304 -478 -443 -91 380 533.7 821.3 1,044 1,003 1,021
Operating Margin 18.25% 14.84% 15.5% 8.22% -3.83% -10.85% -17.89% -16.11% -3% 10.99% 14.33% 19.58% 23.01% 22.56% 22.58%
Earnings before Tax (EBT) 1 646 262 511 84 -385 -529 -730 -682 -240 178 313.5 481 704.8 691.5 578.3
Net income 1 564 25 301 27 -446 -581 -730 -700 -282 113 260.7 441.9 595.8 608 645.9
Net margin 11.67% 0.57% 6.65% 0.72% -14.35% -20.73% -27.32% -25.45% -9.3% 3.27% 7% 10.53% 13.13% 13.68% 14.28%
EPS 2 1.790 0.0800 0.9500 0.0800 -1.400 -1.820 -2.270 -2.170 -0.8700 0.3400 0.8144 1.278 1.605 1.649 1.725
Dividend per Share 2 - - - - - - - - - - - 0.2914 0.2899 0.2885 0.2870
Announcement Date 22-01-27 22-04-28 22-08-05 22-10-27 23-01-31 23-05-08 23-07-31 23-10-30 24-01-25 24-04-25 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,067 6,527 5,355 4,695 5,047 5,802 4,388 4,281
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.842 x 2.114 x 1.717 x 1.141 x 21.57 x 5.69 x 1.056 x 1.217 x
Free Cash Flow 1 192 1,108 1,126 773 -1,201 -70.7 1,760 1,910
ROE (net income / shareholders' equity) 13.3% 9.37% 6.94% 11.3% -9.91% -3.47% 18.1% 13%
ROA (Net income/ Total Assets) 5.14% 3.51% 3.17% 4.96% -6.83% -2.9% 6.09% 5.35%
Assets 1 -14,670 -7,116 25,897 30,237 25,344 21,184 34,296 34,118
Book Value Per Share 2 34.10 31.70 34.90 38.80 - 32.10 38.40 42.30
Cash Flow per Share 2 5.300 2.770 6.140 5.950 -1.280 1.470 11.00 9.780
Capex 1 1,355 647 1,003 1,107 807 335 1,163 1,377
Capex / Sales 8.18% 3.87% 5.93% 5.89% 6.55% 2.59% 6.67% 7.62%
Announcement Date 19-07-31 20-08-05 21-08-04 22-08-05 23-07-31 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
70.51 USD
Average target price
82.7 USD
Spread / Average Target
+17.28%
Consensus
  1. Stock Market
  2. Equities
  3. WDC Stock
  4. Financials Western Digital Corporation