WESTERN DIGITAL CORPORATION Financials Western Digital Corporation Deutsche Boerse AG
Equities
WDC
US9581021055
Computer Hardware
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 70.26 EUR | -2.26% |
|
-4.02% | +47.00% |
| Jul. 16 | Evercore ISI Adjusts Price Target on Western Digital to $90 From $85, Maintains Outperform Rating | MT |
| Jul. 12 | Citigroup Adjusts Price Target on Western Digital to $95 From $90 | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,932 | 13,232 | 21,810 | 14,039 | 12,135 | 25,162 | - | - |
| Enterprise Value (EV) 1 | 20,999 | 19,759 | 27,165 | 18,734 | 17,182 | 30,752 | 29,191 | 28,880 |
| P/E ratio | -18.4 x | -52.6 x | 26.8 x | 9.44 x | -6.97 x | -41.3 x | 12.9 x | 13.4 x |
| Yield | 4.21% | 3.4% | - | - | - | - | - | 2.45% |
| Capitalization / Revenue | 0.84 x | 0.79 x | 1.29 x | 0.75 x | 0.99 x | 1.94 x | 1.41 x | 1.36 x |
| EV / Revenue | 1.27 x | 1.18 x | 1.61 x | 1 x | 1.39 x | 2.37 x | 1.64 x | 1.56 x |
| EV / EBITDA | 5.47 x | 6.4 x | 8.71 x | 4.55 x | 73.4 x | 34.9 x | 6.99 x | 8.35 x |
| EV / FCF | 109 x | 17.8 x | 24.1 x | 24.2 x | -14.3 x | -435 x | 17.1 x | 14.4 x |
| FCF Yield | 0.91% | 5.61% | 4.15% | 4.13% | -6.99% | -0.23% | 5.85% | 6.93% |
| Price to Book | 1.39 x | 1.39 x | 2.04 x | 1.16 x | - | 2.39 x | 1.99 x | 1.85 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 | 77.06 | 77.06 | 77.06 |
| Announcement Date | 7/31/19 | 8/5/20 | 8/4/21 | 8/5/22 | 7/31/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,569 | 16,736 | 16,922 | 18,793 | 12,318 | 12,963 | 17,835 | 18,470 |
| EBITDA 1 | 3,836 | 3,088 | 3,118 | 4,115 | 234 | 882.3 | 4,175 | 3,458 |
| EBIT 1 | 2,024 | 1,522 | 1,906 | 3,186 | -594 | 395.5 | 3,911 | 3,471 |
| Operating Margin | 12.22% | 9.09% | 11.26% | 16.95% | -4.82% | 3.05% | 21.93% | 18.79% |
| Earnings before Tax (EBT) 1 | -287 | -46 | 927 | 2,123 | -1,560 | -419 | 2,152 | 2,327 |
| Net income 1 | -754 | -250 | 821 | 1,500 | -1,730 | -611.5 | 2,293 | 1,902 |
| Net margin | -4.55% | -1.49% | 4.85% | 7.98% | -14.04% | -4.72% | 12.86% | 10.3% |
| EPS 2 | -2.580 | -0.8400 | 2.660 | 4.750 | -5.440 | -1.864 | 5.983 | 5.762 |
| Free Cash Flow 1 | 192 | 1,108 | 1,126 | 773 | -1,201 | -70.7 | 1,708 | 2,001 |
| FCF margin | 1.16% | 6.62% | 6.65% | 4.11% | -9.75% | -0.55% | 9.58% | 10.83% |
| FCF Conversion (EBITDA) | 5.01% | 35.88% | 36.11% | 18.78% | - | - | 40.9% | 57.86% |
| FCF Conversion (Net income) | - | - | 137.15% | 51.53% | - | - | 74.47% | 105.19% |
| Dividend per Share 2 | 2.000 | 1.500 | - | - | - | - | - | 1.891 |
| Announcement Date | 7/31/19 | 8/5/20 | 8/4/21 | 8/5/22 | 7/31/23 | - | - | - |
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 | 3,726 | 4,223 | 4,595 | 4,503 | 4,554 |
| EBITDA 1 | 1,124 | 866 | 923 | 523 | 95 | -91 | -293 | -296 | 52 | 520 | 651.3 | 934.2 | 1,163 | 1,246 | 1,359 |
| EBIT 1 | 882 | 650 | 702 | 307 | -119 | -304 | -478 | -443 | -91 | 380 | 536.9 | 837.5 | 1,065 | 1,029 | 1,062 |
| Operating Margin | 18.25% | 14.84% | 15.5% | 8.22% | -3.83% | -10.85% | -17.89% | -16.11% | -3% | 10.99% | 14.41% | 19.83% | 23.17% | 22.85% | 23.32% |
| Earnings before Tax (EBT) 1 | 646 | 262 | 511 | 84 | -385 | -529 | -730 | -682 | -240 | 178 | 313.7 | 483.3 | 714 | 732 | 601 |
| Net income 1 | 564 | 25 | 301 | 27 | -446 | -581 | -730 | -700 | -282 | 113 | 267.2 | 490.4 | 654.3 | 695.2 | 758.9 |
| Net margin | 11.67% | 0.57% | 6.65% | 0.72% | -14.35% | -20.73% | -27.32% | -25.45% | -9.3% | 3.27% | 7.17% | 11.61% | 14.24% | 15.44% | 16.66% |
| 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 | - | - | - | - | - | - | - | - | - | - | - | 0.5827 | 0.5798 | 0.5769 | 0.5740 |
| Announcement Date | 1/27/22 | 4/28/22 | 8/5/22 | 10/27/22 | 1/31/23 | 5/8/23 | 7/31/23 | 10/30/23 | 1/25/24 | 4/25/24 | - | - | - | - | - |
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 | 5,590 | 4,029 | 3,718 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.842 x | 2.114 x | 1.717 x | 1.141 x | 21.57 x | 6.336 x | 0.9649 x | 1.075 x |
| Free Cash Flow 1 | 192 | 1,108 | 1,126 | 773 | -1,201 | -70.7 | 1,708 | 2,001 |
| ROE (net income / shareholders' equity) | 13.3% | 9.37% | 6.94% | 11.3% | -9.91% | -3.16% | 20.1% | 16.3% |
| ROA (Net income/ Total Assets) | 5.14% | 3.51% | 3.17% | 4.96% | -6.83% | -2.9% | 5.9% | 5.7% |
| Assets 1 | -14,670 | -7,116 | 25,897 | 30,237 | 25,344 | 21,087 | 38,866 | 33,369 |
| Book Value Per Share 2 | 34.10 | 31.70 | 34.90 | 38.80 | - | 32.30 | 38.80 | 41.60 |
| 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 | 331 | 1,088 | 1,335 |
| Capex / Sales | 8.18% | 3.87% | 5.93% | 5.89% | 6.55% | 2.56% | 6.1% | 7.23% |
| Announcement Date | 7/31/19 | 8/5/20 | 8/4/21 | 8/5/22 | 7/31/23 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
77.06
USD
Average target price
89.22
USD
Spread / Average Target
+15.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +79.30% | 20.8B | |
| -5.03% | 2.02B | |
| +32.32% | 925M | |
| +0.69% | 850M | |
| -47.34% | 508M | |
| -2.62% | 461M | |
| -24.73% | 365M | |
| +101.22% | 350M | |
| +227.27% | 328M |
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