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Western Digital Corp Stock Research

WDC

35.34USD+0.95(+2.76%)Market Closed

Market Summary

USD35.34+0.95
Market Closed
2.76%

WDC Alerts

WDC Stock Price

WDC RSI Chart

WDC Valuation

Market Cap

11.3B

Price/Earnings (Trailing)

-121.22

Price/Sales (Trailing)

0.72

EV/EBITDA

5.76

Price/Free Cashflow

-27.16

WDC Price/Sales (Trailing)

WDC Profitability

EBT Margin

3.00%

Return on Equity

-0.77%

Return on Assets

-0.37%

Free Cashflow Yield

-3.68%

WDC Fundamentals

WDC Revenue

Revenue (TTM)

15.8B

Revenue Y/Y

-35.71%

Revenue Q/Q

-16.84%

WDC Earnings

Earnings (TTM)

-93.0M

Earnings Y/Y

-179.08%

Earnings Q/Q

-1.8K%

Price Action

52 Week Range

29.7363.26
(Low)(High)

Last 7 days

-9.3%

Last 30 days

-20.1%

Last 90 days

6.8%

Trailing 12 Months

-25.1%

WDC Financial Health

Current Ratio

1.91

Debt/Equity

0.58

Debt/Cashflow

0.19

WDC Investor Care

Shares Dilution (1Y)

2.24%

Diluted EPS (TTM)

-0.28

Peers (Alternatives to Western Digital)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
-0.56% -0.91%
25.94
6.37
2.44% -5.35%
27.9B
59.8B
-7.84% -19.28%
10.71
0.47
-7.84% -60.07%
13.3B
6.5B
-9.85% -24.01%
10.3
2.05
4.33% 27.27%
12.6B
9.4B
-16.09% -31.28%
20.4
1.35
-21.90% -66.38%
11.3B
15.8B
-20.10% -25.14%
-121.22
0.72
-16.84% -104.67%
MID-CAP
10.2B
5.3B
-1.89% -10.10%
21.65
1.92
11.95% 86.39%
7.3B
2.7B
-24.21% -24.75%
536.05
2.74
34.27% 106.43%
5.2B
6.6B
1.35% 119.39%
8.98
0.78
59.38% 362.85%
3.0B
7.8B
-20.01% -40.97%
49.75
0.38
9.61% -38.14%
2.4B
7.1B
-11.03% -17.78%
-7.35
0.33
0.98% 29.23%
SMALL-CAP
1.4B
556.2M
-7.29% -27.15%
-13.31
2.47
-12.75% -133.51%
181.9M
3.6B
-4.08% -66.95%
-0.39
0.05
-10.12% -413.74%
90.8M
402.6M
-36.66% -62.00%
-2.82
0.23
8.80% 23.40%
53.1M
71.9M
-19.51% -32.65%
81.84
0.74
23.75% -78.12%
13.9M
22.2M
-8.44% -46.85%
24.66
0.63
2.03% -88.84%

Financials for Western Digital

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-9.9%15,75217,47818,79319,18518,941
Gross Profit-20.3%4,1355,1905,8745,9955,905
Operating Expenses-0.2%3,4123,4193,4833,4913,408
  S&GA Expenses-2.7%1,0441,0731,1171,1481,154
EBITDA-39.4%1,6322,6943,3563,476-
EBITDA Margin-32.8%0.10*0.15*0.18*0.18*-
Earnings Before Taxes-68.6%4721,5032,1232,2082,195
EBT Margin-65.2%0.03*0.09*0.11*0.12*-
Interest Expenses-1.0%293296304309315
Net Income-110.1%-93.009171,5001,8211,993
Net Income Margin-111.3%-0.01*0.05*0.08*0.09*-
Free Cahsflow-347.0%-4151687581,411-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.5%25,04725,68626,25925,69926,025
  Current Assets-7.6%8,3819,0719,4539,1789,535
    Cash Equivalents-8.7%1,8712,0492,3272,5052,531
  Inventory-2.3%3,7733,8623,6383,6613,647
  Net PPE-0.8%3,6883,7183,6703,4883,367
  Goodwill0.0%10,04110,03710,04110,06110,065
Liabilities-4.8%12,93213,57914,03813,71514,007
  Current Liabilities-11.8%4,3824,9665,2374,3974,929
  Long Term Debt-2.0%7,0227,1627,308--
    LT Debt, CurrentInfinity%38.00-75.00251-
    LT Debt, Non Current-0.5%7,0337,0717,0227,0877,057
Shareholder's Equity0.1%12,11512,10712,22111,98412,018
  Retained Earnings-4.9%8,7119,1579,0398,7388,713
  Additional Paid-In Capital3.5%3,7703,6413,7333,6003,519
Accumulated Depreciation0.6%8,4768,4258,3008,2198,068
Shares Outstanding0.3%319318315313312
Float-17,000----
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-46.2%7341,3651,8802,5792,297
  Share Based Compensation-0.3%335336326328325
Cashflow From Investing-0.1%-1,105-1,104-1,192-1,025-898
Cashflow From Financing81.5%-274-1,479-1,718-1,778-1,823
  Dividend Payments-0.00----

Risks for WDC

What is the probability of a big loss on WDC?

98.1%


Probability that Western Digital stock will be more than 20% underwater in next one year

86.2%


Probability that Western Digital stock will be more than 30% underwater in next one year.

55%


Probability that Western Digital stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WDC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Western Digital was unfortunately bought at previous high price.

Drawdowns

Returns for WDC

Cumulative Returns on WDC

-1.7%


10-Year Cumulative Returns

-2.1%


7-Year Cumulative Returns

-18.8%


5-Year Cumulative Returns

-5.9%


3-Year Cumulative Returns

What are the long-term rolling returns for WDC?

FIve years rolling returns for Western Digital.

Annualized Returns

Which funds bought or sold WDC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
17.65
33,880
284,880
0.01%
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
23,968
23,968
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
516
119,896,000
143,970,000
0.16%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-2.26
-10,000
173,000
-%
2023-03-06
Rockefeller Capital Management L.P.
sold off
-100
-25,000
-
-%
2023-03-03
ROBOTTI ROBERT
reduced
-0.55
-166,675
4,441,320
0.88%
2023-02-28
Voya Investment Management LLC
added
4.42
43,158
3,556,160
-%
2023-02-24
NATIXIS
reduced
-68.3
-42,681,700
18,677,300
0.10%
2023-02-24
National Pension Service
reduced
-59.32
-13,892,200
9,217,240
0.02%
2023-02-24
SRS Capital Advisors, Inc.
new
-
126
126
-%

1–10 of 39

Latest Funds Activity

Are funds buying WDC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WDC
No. of Funds

Western Digital News

MarketBeat

DNB Asset Management AS Raises Stake in Western Digital Co ....

MarketBeat,
12 hours ago

eeNews Europe

Stock Traders Daily

StockNews.com

Schedule 13G FIlings of Western Digital

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
6.5%
20,663,972
SC 13G
Feb 10, 2023
blackrock inc.
8.2%
26,002,691
SC 13G/A
Feb 09, 2023
vanguard group inc
11.76%
37,341,622
SC 13G/A
Mar 11, 2022
blackrock inc.
8.3%
25,826,324
SC 13G/A
Feb 08, 2022
blackrock inc.
8.3%
25,826,324
SC 13G
Feb 10, 2021
vanguard group inc
10.63%
32,329,856
SC 13G/A
Feb 05, 2021
blackrock inc.
7.5%
22,903,786
SC 13G/A
Feb 12, 2020
vanguard group inc
11.90%
35,413,208
SC 13G/A
Feb 10, 2020
blackrock inc.
8.7%
25,733,171
SC 13G/A

WDC Fair Value

Western Digital fair value in different scenarios

The table shows the Fair Value estimates for Western Digital for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

26.31

-25.55%

35.26

-0.23%

44.39

25.61%

66.96

89.47%

83.49

136.25%
Current Inflation

25.61

-27.53%

33.86

-4.19%

42.27

19.61%

61.26

73.34%

75.57

113.84%
Very High Inflation

24.69

-30.14%

32.04

-9.34%

39.54

11.88%

54.38

53.88%

66.13

87.13%

Historical Western Digital Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Western Digital

View All Filings
Date Filed Form Type Document
Mar 10, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 14, 2023
SC 13G
Major Ownership Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for WDC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-08
Goeckeler David
acquired
-
-
5,109
chief executive officer
2023-03-08
Goeckeler David
sold (taxes)
-8,107,040
37.9
-213,906
chief executive officer
2023-02-27
Goeckeler David
sold (taxes)
-78,868
38.51
-2,048
chief executive officer
2023-02-27
Sivaram Srinivasan
sold (taxes)
-27,188
38.51
-706
president, tech & strategy
2023-02-27
Zamiska Gene M.
sold (taxes)
-7,547
38.51
-196
svp & princ. acctg officer
2023-02-27
SODERBERY ROBERT
sold (taxes)
-26,417
38.51
-686
evp & gm, flash business
2023-02-27
RAY MICHAEL CHARLES
sold (taxes)
-16,944
38.51
-440
evp, chief legal officer & sec
2023-02-20
JABRE WISSAM G
sold (taxes)
-418,045
41.58
-10,054
evp & cfo
2023-01-31
Rayman Reed B
acquired
-
-
5,198
-
2022-11-27
Zamiska Gene M.
sold (taxes)
-6,198
37.34
-166
svp & princ. acctg officer

1–10 of 50

David V. Goeckeler
65535
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers. The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions for data storage systems and tiered storage models; and data storage platforms. In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the G-Technology, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California.

WDC Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Income Statement [Abstract]  
Revenue, net$ 3,736$ 5,051
Cost of revenue2,7553,386
Gross profit9811,665
Operating expenses:  
Research and development552578
Selling, general and administrative247291
Employee termination, asset impairment, and other charges2418
Total operating expenses823887
Operating income158778
Interest and other income (expense):  
Interest income22
Interest expense(70)(78)
Other income (expense), net(6)2
Total interest and other expense, net(74)(74)
Income before taxes84704
Income tax expense5794
Net income$ 27$ 610
Income per common share:  
Basic (in dollars per share)$ 0.09$ 1.97
Diluted (in dollars per share)$ 0.08$ 1.93
Weighted average shares outstanding:  
Basic (in shares)316310
Diluted (in shares)319316

WDC Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Jul. 01, 2022
Current assets:  
Cash and cash equivalents$ 2,049$ 2,327
Accounts receivable, net2,4222,804
Inventories3,8623,638
Other current assets738684
Total current assets9,0719,453
Non-current assets:  
Property, plant and equipment, net3,7183,670
Notes receivable and investments in Flash Ventures1,2191,396
Goodwill10,03710,041
Other intangible assets, net174213
Other non-current assets1,4671,486
Total assets25,68626,259
Current liabilities:  
Accounts payable1,6861,902
Accounts payable to related parties295320
Accrued expenses1,5921,636
Income taxes payable986869
Accrued compensation407510
Total current liabilities4,9665,237
Non-current liabilities:  
Long-term debt7,0717,022
Other liabilities1,5421,779
Total liabilities13,57914,038
Commitments and contingencies (Notes 10, 11, 13 and 16)
Shareholders’ equity:  
Common stock, $0.01 par value; authorized — 450 shares; issued — 318 shares and 315 shares, respectively; outstanding — 318 shares and 315 shares, respectively33
Additional paid-in capital3,6413,733
Accumulated other comprehensive loss(694)(554)
Retained earnings9,1579,039
Total shareholders’ equity12,10712,221
Total liabilities and shareholders’ equity$ 25,686$ 26,259