# Western Digital CDR (CAD Hedged) (WDC.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / Computers & Hardware. Price C$21.06, market value C$7.9 billion.

## Valuation
- **P/E (trailing): 12.3×** (5-yr avg 1.5×, 3-yr avg 1.5×). Western Digital CDR (CAD Hedged) trades at 12.3× trailing earnings, well above its own five-year average of 1.5×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.6×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 0.7×**. Enterprise value is 0.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 54.4%** (5-yr avg 23.5%). Free cash flow equals 54.4% of the market value, above its five-year average of 23.5%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.1%**. The inverse of the P/E: 8.1% of the price is earned each year.

## Profitability
- **Gross margin: 52.6%**. Western Digital CDR (CAD Hedged) keeps 52.6% of revenue after the direct cost of what it sells.
- **Operating margin: 40.7%**. 40.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 72.0%**. 72.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 104.9%**. A 104.9% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 66.8%**. Return on all capital, debt included, is 66.8%: comfortably above what that capital costs.
- **Return on assets: 71.4%**. Each dollar of assets produces 71.4% of profit.

## Growth
- **Revenue growth (1 yr): 35.7%** (3-yr 27.4%/yr). Revenue grew 35.7% over the last year.
- **EPS growth (1 yr): 425.8%**. Earnings per share rose 425.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.12**. Debt is 0.12 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Western Digital CDR (CAD Hedged) holds more cash than debt.
- **Interest coverage: 50.4×**. Operating profit covers interest 50.4× over, a safe margin.
- **Current ratio: 1.33** (quick 0.97). Current assets cover the next year's liabilities 1.33 times.
- **Altman Z-score: 4.04**. A Z-score of 4.04 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Western Digital CDR (CAD Hedged) does not currently pay a dividend, but it returned 38.6% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -56.9%** (4.3% above the low). Trading 57% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 1.30** (volatility 87%). Beta of 1.30 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WDC.TO · Page: https://foliofundamentals.com/stocks/wdc.to

Not investment advice.