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Western Digital Corporation (NASDAQ: WDC) – Is this large market cap stock undervalued?

Western Digital Corporation (NASDAQ: WDC), is firmly in the large market cap category with market cap of 15910.44. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Western Digital Corporation is 54.75 (with a change from open of -1.56%), this in conjunction with a target price of 63.01. Volume today has so far reached 3096498, with an average volume of about 4855.67. The GAP for this stock, is -1.44%.

The P/E ratio is 47.38, bringing the forward P/E to a value of 8.78. The current EPS for Western Digital Corporation, is 1.19, with a EPS growth for this year coming to a value of -83.80%. Performance has been interesting with performance year to date coming to -3.13%.

Looking further into the growth statistics for Western Digital Corporation, EPS is looking like it will grow 39.81% in the next year. Looking even further it is projected to be 0.90%. Quarter over quarter is -249.70% for EPS growth and for sales growth quarter over quarter it is 9.50%. Looking at past EPS growth statistics we see that for the past five years it has been -20.20%. Sales growth for the past five years has in fact been 6.40%.

Looking at the ownership, we see that the insider ownership is at 0.20% and institutional ownership is 89.50%. Shares outstanding is 281.95, while shares float is at a value of 281.95. Float short for Western Digital Corporation is 6.45% and the short ratio is 3.75.

In terms of debt, long term debt/equity is 1.23, while the total debt/equity comes to 1.52. The ability to meet these debts, means that the current ratio is 1.8, and the quick ratio is 1.5. The most recent gross margin is 26.40% and their operating margin is 3.60%. The profit margin is 1.90%.

Western Digital Corporation has seen returns on assets of 1.20%, and on investment, 2.00%. Return on equity is 2.40%. Price/Earnings to growth ratio is 52.64. Price/Sales ratio is at a value of 1.22, with Price/book ratio coming to 1.32 and Price/cash is 1.9, and finally Price/Free cash Flow is 17.02.

The simple moving averages are 7.82% and 17.20% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -34.13% and the 52 week low is 59.62%.

Western Digital Corporation has a dividend yield of 3.54%, with a current price of 54.75. The ability to pay this means the payout ratio is 164.30%. This is in an industry, Data Storage Devices, with equally high dividends from other companies in this sector, which it is Technology. Western Digital Corporation is based in USA.

Performance in the Data Storage Devices industry means that Western Digital Corporation has seen performance for the past week of -4.74%, with performance for the month coming to 8.68%. Looking at the data for the quarter it is at a value of 9.98%, and for the half year the performance is -30.48%. Volatility for this week is 3.32% and for the month this is 3.04%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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