US stock · Technology sector · Computer Hardware

Western Digital Corporation

WDC

NASDAQ

35.93

USD

+1.32

(+3.81%)

Market Open

-114.88P/E

29Forward P/E

-5.44P/E to S&P500

11.473BMarket CAP

- -Div Yield

Summary Financials Transcripts Monitoring Classic View

Upcoming Earnings

26 Apr-1 May

Shares Short

3/15/23

7.93M

Short % of Float

2.80%

Short % of Shares Outs.

2.48%

% Held by Insiders

0.29%

% Held by Institutions

89.26%

Beta

1.67

PEG Ratio

0.98

52w. high/low

63.26/29.73

Avg. Daily Volume

4.57M

Return %

Stock

S&P 500

1 year

(31.36)

(12.52)

3 years

(18.16)

54.89

5 years

(62.35)

52.23

Scale: |

High

Low

40.00

9.48

44.96

11.49

47.44

23.06

41.87

22.64

45.94

28.31

84.70

41.62

114.69

80.78

113.88

57.94

72.01

34.99

95.77

68.58

106.96

33.83

65.31

35.02

72.00

27.40

78.19

48.62

69.36

29.73

45.24

30.96

Currency: USD

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

TTM

Revenue per share

24.96

36.53

33.57

43.20

41.24

51.78

63.70

64.38

62.81

54.37

66.30

69.52

56.74

56.16

55.48

60.23

49.97

Earnings per share

2.58

3.92

2.12

6.06

3.14

6.69

4.07

6.88

6.31

1.01

1.38

2.27

(2.58)

(0.84)

2.69

4.81

(0.27)

FCF per share

1.34

3.55

3.54

5.29

3.80

9.75

8.99

9.31

7.03

5.85

9.93

11.35

2.30

0.59

2.47

2.48

(1.31)

Dividends per share

- -

0.75

1.10

1.71

1.94

1.99

2.00

- -

CAPEX per share

1.48

2.78

2.34

3.23

3.37

2.98

3.95

2.67

2.64

2.44

2.01

2.81

3.00

2.17

3.76

3.55

3.64

Book Value per sh.

7.84

12.20

14.38

20.65

23.76

31.82

32.75

37.63

39.74

46.63

39.65

38.82

34.13

32.05

35.15

39.17

38.40

Comm.Shares outs.

219

221

222

228

231

241

235

232

239

288

297

292

298

305

312

315

Avg. annual P/E ratio

8.4

6.6

12.8

5.7

10.4

5.6

15.0

13.6

49.7

60.9

31.1

(19.7)

(55.3)

23.6

9.7

(114.9)

P/E to S&P500

0.5

0.3

0.2

0.3

0.6

0.4

0.9

0.7

2.2

2.6

1.2

(0.8)

(1.5)

0.8

0.5

(5.4)

Avg. annual div. yield

- -

1.2%

2.0%

3.9%

2.4%

2.8%

3.9%

4.3%

- -

Revenue (m)

5,467

8,074

7,453

9,850

9,526

12,478

15,351

15,130

14,572

12,994

19,093

20,647

16,569

16,736

16,922

18,793

15,752

Operating margin

7.6%

12.5%

7.0%

15.5%

8.2%

14.2%

8.2%

11.8%

11.1%

3.6%

10.2%

17.5%

0.5%

2.0%

7.2%

12.7%

4.0%

Depreciation (m)

210

413

479

510

602

825

1,233

1,244

1,114

1,154

2,128

2,056

1,812

1,566

1,212

929

867

Net profit (m)

564

867

470

1,382

726

1,612

980

1,617

1,465

242

397

675

(754)

(250)

821

1,500

(93)

Income tax rate

(27.3)%

11.6%

6.2%

9.1%

6.9%

8.3%

19.8%

7.7%

7.1%

(58.2)%

48.4%

67.6%

(162.7)%

(443.5)%

11.4%

29.3%

45.9%

Net profit margin

10.3%

10.7%

6.3%

14.0%

7.6%

12.9%

6.4%

10.7%

10.1%

1.9%

2.1%

3.3%

(4.6)%

(1.5)%

4.9%

8.0%

(1.6)%

Working capital (m)

899

1,167

1,705

2,697

3,317

3,109

3,625

4,875

5,275

5,635

6,712

6,182

4,660

4,642

4,887

4,216

3,999

Long-term debt (m)

482

400

294

150

1,955

1,725

2,313

2,156

13,660

12,918

10,993

10,246

9,289

8,474

7,022

7,033

Equity (m)

1,716

2,696

3,192

4,709

5,488

7,669

7,893

8,842

9,219

11,145

11,418

11,531

9,967

9,551

10,721

12,221

12,115

ROIC

31.6%

27.6%

13.2%

26.0%

12.2%

15.7%

9.4%

13.6%

12.0%

2.6%

3.3%

3.6%

2.1%

(10.9)%

5.2%

8.0%

1.9%

Return on capital

15.1%

21.2%

10.0%

20.7%

9.6%

12.3%

8.4%

11.1%

10.2%

1.3%

5.4%

9.4%

0.7%

(1.7)%

4.8%

9.1%

2.9%

Return on equity

32.9%

32.2%

14.7%

29.3%

13.2%

21.0%

12.4%

18.3%

15.9%

2.2%

3.5%

5.9%

(7.6)%

(2.6)%

7.7%

12.3%

(0.8)%

Plowback ratio

100.0%

81.5%

84.0%

73.0%

(91.7)%

(44.6)%

12.1%

177.5%

338.0%

100.0%

Div.&Repurch./FCF

14.6%

- -

1.0%

(6.6)%

(0.9)%

22.6%

47.2%

49.1%

83.8%

37.5%

20.1%

35.1%

- -

Capital Structure

3 Feb · 2023 | Q2

All numbers in millions

Total liabilities

$ 12,932

Total assets

$ 25,047

Long-term debt

$ 7,033

Cash and equiv.

$ 1,871

Goodwill

$ 10,041

Retained earnings

$ - -

Common stock

318

Enterprise Value

$ 16,635

Working Capital

Currency: USD, in millions

2020

2021

2022

Cash & Investments

3,048

3,370

2,327

Receivables

2,379

2,257

2,804

Inventory

3,070

3,616

3,638

Other

551

836

(37)

Current assets

9,048

9,757

9,453

Acc. Payable

2,352

2,332

1,902

Debt due

286

251

- -

Other

1,768

2,287

3,335

Current liabilities

4,406

4,870

5,237

Annual growth rates

(avg. rate of change)

1 year

5 years

10 years

Revenue

11.06%

(1.64)%

3.62%

Cash flow

2.79%

43.49%

28.61%

Earnings

82.70%

(156.06)%

(57.56)%

Dividends

- -

Book value

13.99%

2.13%

5.46%

Insider Trading

Type

Date

Goeckeler David

Exempt

5,110

03/08/23

Goeckeler David

InKind

213,906

03/08/23

Goeckeler David

Exempt

5,109

03/08/23

Goeckeler David

InKind

2,048

02/27/23

Ray Michael Charles

InKind

440

02/27/23

Quarterly Revenue

Currency: USD, in millions

Year

Total

2021

3,922

3,943

4,137

4,920

16,922

2022

5,051

4,833

4,381

4,528

18,793

2023

3,736

3,107

- -

Earnings per share

Currency: USD

Year

Total

2021

(0.20)

0.20

0.65

2.04

2.69

2022

1.96

1.81

0.08

0.96

4.81

2023

0.09

(1.40)

- -

Quarterly dividends paid

Currency: USD

Year

Total

2021

- -

2022

- -

2023

- -

Company Description

Sector:

Technology

Industry:

Computer Hardware

CEO:

Mr. David V. Goeckeler

Full-time employees:

65,000

City:

San Jose

Address:

5601 Great Oaks Parkway

IPO:

Jan 31, 1991

CIK:

0000106040

Website:

westerndigital.com

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.

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Western Digital Corporation

35.93