Western Digital (WDC) Fair Value & DCF

WDC$316.16+26.96 +9.32%
Computer HardwareLarge CapGrowth StockHigh Quality
Compare
Market cap$118.35BEnterprise value$120.69BRevenue (TTM)$14.48BMarket positionTop 25%

Score

72
Bullish
Value
58
Quality
86
Growth
72

WDC fair value $541.01. Price $316.16. Price is 42% below fair value.

Worked example

Cash-flow value. Starting free cash flow is $3.57 a share. Year 1 is the first earnings forecast, so it has no growth rate of its own. The forecast then reaches 27.16%, and that pace fades in a straight line to 3% terminal growth by year 10. The discount rate is 12.00% (beta 2.00, capped at 12%). It is beta-adjusted and capped at 12%. The cash-flow value is $491.55 a share.

Earnings value. Next-twelve-months earnings per share of $28.81 times 20.49 is $590.47. The peer group is Computer Hardware, 10 companies worth at least $10 billion. Peer median 21.1. Own 10-year median 19.9. The multiple used is the average of the two, kept between 8 and 30, which is 20.49.

Fair value is the average of the two, $541.01. The price is $316.16, which is 41.6% below fair value.

Western Digital (WDC) Fair Value & DCF

WDC price $316.16 +26.96 +9.32%

Ticker
WDC
Price
$316.16
Change
+26.96 +9.32%
Market cap
$118.35B
P/E
10.80
Forward P/E
10.04
Dividend yield
0.17%
Beta
2.28
Sector
Technology
Industry
Computer Hardware
Stocklytics score
72
Value
58
Quality
86
Growth
72

Stocklytics score rationale: value 58, quality 86, growth 72.

AI Score 65. Western Digital Corporation has a market cap of $126.74 billion and a price of $338.59, with a low price-to-earnings ratio of 11.81, indicating potential undervaluation. However, the company has faced recent operational challenges, as evidenced by negative net income in the latest quarters, which raises concerns about its growth sustainability

Fair value

WDC fair value $541.01. Price $316.16. Price is 42% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 92% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price.

Fair value blends a 10-year DCF and an earnings multiple: the average of the DCF value and an earnings value from next-twelve-months EPS times 20.5, a blend of the Computer Hardware median (21.1) and the stock's own 10-year median (19.9). How we calculate it →

Compare WDC

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-04—5.88—5.13B
2026-10-224.644.114.38B4.14B
2026-08-053.563.313.75B3.70B
2026-04-302.722.393.34B3.25B
2026-01-292.131.933.02B2.93B
2025-10-301.781.592.82B2.73B
2025-07-301.661.482.60B2.47B
2025-04-301.361.122.29B2.31B
2025-01-291.771.354.29B4.26B
2024-10-241.781.722.21B4.12B
2024-07-311.440.892.00B3.75B
2024-04-250.630.161.75B3.37B
2024-01-25-0.69-1.133.03B3.31B
2023-10-30-1.76-1.902.75B2.65B
2023-07-31-1.98-2.012.67B2.53B
2023-05-08-1.37-1.572.80B2.70B
2023-01-31-0.42-0.153.11B2.98B
2022-10-270.200.383.74B3.59B
2022-08-051.781.744.53B4.57B
2022-04-281.651.494.38B4.34B
2022-01-272.302.134.83B4.04B
2021-10-282.492.455.05B5.05B
2021-08-042.161.514.92B4.92B
2021-04-291.020.674.14B3.96B
2021-01-280.690.533.94B—
2020-10-280.650.543.92B3.32B
2020-08-051.231.204.29B4.25B
2020-04-300.850.944.17B4.57B
2020-01-300.620.564.23B3.96B
2019-10-300.340.274.04B3.56B
2019-07-310.170.163.63B3.63B
2019-04-290.170.493.67B9.94B
2019-01-241.451.514.23B4.41B
2018-10-253.043.065.03B5.03B
2018-07-263.613.525.12B4.95B
2018-04-263.633.315.01B4.56B
2018-01-253.953.815.34B5.12B
2017-10-263.563.305.18B4.80B
2017-07-272.932.834.84B4.64B
2017-04-272.392.164.65B4.16B

Dividends

Yield 0.17%. Payout ratio 2.01%. Frequency Quarterly.

Safety score 91/100 · Safe. Payout ratio is 2% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 11 separate years. Yield is 0.2%, which is low.

Ex-dateDividendRecordPaymentFrequency
2026-12-04$0.172026-12-042026-12-17Quarterly
2026-09-08$0.152026-09-082026-09-17Quarterly
2026-06-05$0.152026-06-052026-06-17Quarterly
2026-03-05$0.122026-03-052026-03-18Quarterly
2025-12-04$0.122025-12-042025-12-18Quarterly
2025-09-04$0.102025-09-042025-09-18Quarterly
2025-06-04$0.102025-06-042025-06-18Quarterly
2020-04-02$0.382020-04-032020-04-17Quarterly
2020-01-02$0.382020-01-032020-01-21Quarterly
2019-10-03$0.382019-10-042019-10-22Quarterly
2019-06-27$0.382019-06-282019-07-15Quarterly
2019-03-28$0.382019-03-292019-04-15Quarterly
2018-12-27$0.382018-12-282019-01-14Quarterly
2018-09-27$0.382018-09-282018-10-15Quarterly
2018-06-28$0.382018-06-292018-07-16Quarterly
2018-03-28$0.382018-03-302018-04-16Quarterly
2017-12-28$0.382017-12-292018-01-16Quarterly
2017-09-28$0.382017-09-292017-10-16Quarterly
2017-06-28$0.382017-06-302017-07-17Quarterly
2017-03-29$0.382017-03-312017-04-17Quarterly
2016-12-28$0.382016-12-302017-01-17Quarterly
2016-09-28$0.382016-09-302016-10-17Quarterly
2016-06-29$0.382016-07-012016-07-15Quarterly
2016-03-30$0.382016-04-012016-04-15Quarterly
2015-12-29$0.382016-01-012016-01-15Quarterly
2015-09-30$0.382015-10-022015-10-15Quarterly
2015-06-30$0.382015-07-032015-07-15Quarterly
2015-03-31$0.382015-04-032015-04-16Quarterly
2014-12-30$0.302015-01-022015-01-15Quarterly
2014-10-01$0.302014-10-032014-10-15Quarterly
2014-06-25$0.302014-06-272014-07-15Quarterly
2014-03-26$0.232014-03-282014-04-15Quarterly
2013-12-24$0.232013-12-272014-01-15Quarterly
2013-09-26$0.192013-09-302013-10-15Quarterly
2013-06-26$0.192013-06-282013-07-15Quarterly
2013-03-26$0.192013-03-292013-04-15Quarterly
2012-12-12$0.192012-12-142012-12-26Quarterly
2012-09-26$0.192012-09-282012-10-15Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-10-29Cole Martin ISell204$390.0479.57K
2026-10-29Cole Martin ISell385$391.05150.55K
2026-10-29Cole Martin ISell407$392.42159.71K
2026-10-29Cole Martin ISell494$393.22194.25K
2026-10-29Cole Martin ISell243$394.4195.84K
2026-10-29Cole Martin ISell209$395.3082.62K
2026-10-29Cole Martin ISell317$396.31125.63K
2026-10-29Cole Martin ISell584$397.48232.13K
2026-10-29Cole Martin ISell723$398.45288.08K
2026-10-29Cole Martin ISell303$399.36121.01K
2026-10-29Cole Martin ISell88$400.3335.23K
2026-10-29Cole Martin ISell43$401.4717.26K
2026-10-21Tregillis Cynthia LSell807$380.00306.66K
2026-10-20Tregillis Cynthia LBuy14——
2026-10-20Tregillis Cynthia LSell1.31K$364.32477.15K
2026-10-20Tregillis Cynthia LSell14——
2026-09-20Tan IrvingBuy57——
2026-09-20Tan IrvingSell1.09K$441.36481.54K
2026-09-20Tan IrvingSell57——
2026-09-20Davis Brian ScottBuy8——
2026-09-20Davis Brian ScottSell963$441.36425.04K
2026-09-20Davis Brian ScottSell8——
2026-09-17Tregillis Cynthia LBuy27——
2026-09-17Tan IrvingBuy83——
2026-09-17STREETER STEPHANIE ABuy1——
2026-09-17Shihab Ahmed MohammedBuy56——
2026-09-17Shihab Ahmed MohammedSell5.15K$423.872.18M
2026-09-17Shihab Ahmed MohammedBuy42——
2026-09-17Shihab Ahmed MohammedSell57——
2026-09-17Sennesael KrisBuy47——
2026-09-17Oulman RoxanneBuy1——
2026-09-17MASSENGILL MATTHEW EBuy10——
2026-09-17KIDDOO BRUCE EBuy1——
2026-09-17Gubbi Vidyadhara KBuy21——
2026-09-17Feller BradBuy4——
2026-09-17DOLUCA TUNCBuy1——
2026-09-17Davis Brian ScottBuy17——
2026-09-17Das ManuvirBuy0——
2026-09-17Cole Martin IBuy1——
2026-09-17Alexy KimberlyBuy1——
2026-09-04Tregillis Cynthia LSell432$451.20194.92K
2026-09-04Gubbi Vidyadhara KSell1.79K$459.87825.47K
2026-09-03Tregillis Cynthia LBuy7——
2026-09-03Tregillis Cynthia LSell700$441.57309.10K
2026-09-03Tregillis Cynthia LSell7——
2026-09-03Gubbi Vidyadhara KBuy14——
2026-09-03Gubbi Vidyadhara KSell1.76K$441.57778.93K
2026-09-03Gubbi Vidyadhara KSell14——
2026-09-03Davis Brian ScottBuy7——
2026-09-03Davis Brian ScottSell882$441.57389.46K
2026-09-03Davis Brian ScottSell7——
2026-09-01Tan IrvingBuy112.50K——
2026-09-01Tan IrvingSell112.50K——
2026-09-01STREETER STEPHANIE ASell1.60K$455.00728.00K
2026-08-31Tan IrvingSell112.50K——
2026-08-31Tan IrvingBuy112.50K——
2026-08-31STREETER STEPHANIE ASell2.00K$447.06894.12K
2026-08-31STREETER STEPHANIE ASell2.00K$448.58897.16K
2026-08-27Tregillis Cynthia LSell1.01K$478.36481.71K
2026-08-26Tregillis Cynthia LBuy9——
2026-08-26Tregillis Cynthia LSell476$450.78214.57K
2026-08-26Tregillis Cynthia LSell1.63K$468.88764.74K
2026-08-26Tregillis Cynthia LSell9——
2026-08-26Tan IrvingBuy42——
2026-08-26Tan IrvingSell3.31K$468.881.55M
2026-08-26Tan IrvingSell42——
2026-08-26Shihab Ahmed MohammedBuy15——
2026-08-26Shihab Ahmed MohammedSell2.74K$468.881.29M
2026-08-26Shihab Ahmed MohammedSell16——
2026-08-26Sennesael KrisBuy19——
2026-08-26Sennesael KrisSell4.32K$468.882.02M
2026-08-26Sennesael KrisSell20——
2026-08-26Gubbi Vidyadhara KBuy9——
2026-08-26Gubbi Vidyadhara KSell2.06K$468.88964.02K
2026-08-26Gubbi Vidyadhara KSell9——
2026-08-26Davis Brian ScottBuy7——
2026-08-26Davis Brian ScottSell1.64K$468.88770.84K
2026-08-26Davis Brian ScottSell8——
2026-08-25Tregillis Cynthia LBuy3.88K——
2026-08-25Tregillis Cynthia LBuy7——
2026-08-25Tregillis Cynthia LSell771$450.75347.53K
2026-08-25Tregillis Cynthia LSell8——
2026-08-25Tan IrvingBuy16.55K——
2026-08-25Tan IrvingBuy32——
2026-08-25Tan IrvingSell476$450.75214.56K
2026-08-25Tan IrvingSell32——
2026-08-25Shihab Ahmed MohammedBuy6.72K——
2026-08-25Sennesael KrisBuy8.27K——
2026-08-25Gubbi Vidyadhara KBuy5.17K——
2026-08-25Gubbi Vidyadhara KBuy9——
2026-08-25Gubbi Vidyadhara KSell1.14K$450.75515.21K
2026-08-25Gubbi Vidyadhara KSell9——
2026-08-25Feller BradBuy2.07K——
2026-08-25Davis Brian ScottBuy3.62K——
2026-08-25Davis Brian ScottBuy7——
2026-08-25Davis Brian ScottSell971$450.75437.68K
2026-08-25Davis Brian ScottSell8——
2026-08-21Tregillis Cynthia LBuy11——
2026-08-20Tregillis Cynthia LBuy3——
2026-08-20Tregillis Cynthia LSell379$469.05177.77K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.97K, holders +447 vs prior quarter. Ownership 94.31%.

HolderSharesChangeChange %Value
BLACKROCK, INC.32.95M-2.82M-7.87%21.05B
FMR LLC25.98M-5.64M-17.83%16.60B
VANGUARD CAPITAL MANAGEMENT LLC22.51M475.95K+2.16%14.38B
JPMORGAN CHASE & CO17.01M-504.36K-2.88%11.09B
CAPITAL WORLD INVESTORS16.60M4.72M+39.72%10.60B
STATE STREET CORP16.28M810.85K+5.24%10.40B
INVESCO LTD.14.44M7.32M+102.88%9.22B
VANGUARD PORTFOLIO MANAGEMENT LLC13.11M-4.06M-23.66%8.37B
JANE STREET GROUP, LLC9.57M8.21M+601.16%6.11B
GEODE CAPITAL MANAGEMENT, LLC8.41M-1.07M-11.24%5.35B
MORGAN STANLEY8.15M209.04K+2.63%5.20B
BANK OF AMERICA CORP /DE/6.49M-2.00M-23.56%4.15B
SUSQUEHANNA INTERNATIONAL GROUP, LLP6.26M2.26M+56.33%4.00B
CITADEL ADVISORS LLC5.78M3.75M+185.47%3.69B
GOLDMAN SACHS GROUP INC5.18M-227.89K-4.21%3.31B
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC4.74M1.84M+63.44%3.03B
NORGES BANK4.63M4.63MNew2.96B
SUSQUEHANNA INTERNATIONAL GROUP, LLP4.46M454.90K+11.36%2.85B
WELLS FARGO & COMPANY/MN4.01M2.98M+290.95%2.56B
NUVEEN, LLC3.82M859.86K+29.06%2.44B
NORTHERN TRUST CORP3.66M56.81K+1.58%2.34B
AMERIPRISE FINANCIAL INC3.39M-2.38M-41.24%2.16B
AQR CAPITAL MANAGEMENT LLC2.94M-518.62K-14.99%1.88B
BANK OF NEW YORK MELLON CORP2.92M408.13K+16.27%1.86B
CAPITAL RESEARCH GLOBAL INVESTORS2.82M-493.06K-14.90%1.80B

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