WaFd Inc.
Find Ratings ReportsWAFD INC's gross profit margin for the first quarter of its fiscal year 2024 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 5.49% from the same quarter last year.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 302.84 | 247.33 |
EBITDA ($mil) | 109.02 | 135.04 |
EBIT ($mil) | 109.02 | 135.04 |
Net Income ($mil) | 58.45 | 79.51 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 1144.77 | 645.86 |
Total Assets ($mil) | 22640.12 | 21653.81 |
Total Debt ($mil) | 3875.0 | 3075.0 |
Equity ($mil) | 2452.0 | 2324.38 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 55.55 | 78.52 |
EBITDA Margin | 35.99 | 54.59 |
Operating Margin | 36.0 | 54.6 |
Sales Turnover | 0.05 | 0.04 |
Return on Assets | 1.04 | 1.22 |
Return on Equity | 9.04 | 10.8 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.61 | 0.57 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 64.26 | 65.39 |
Div / share | 0.25 | 0.24 |
EPS | 0.85 | 1.16 |
Book value / share | 38.16 | 35.55 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 348242.0 | 380398.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 17.75 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.70 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 8.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, WAFD INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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WAFD 7.81 | Peers 17.75 | WAFD 6.64 | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. WAFD is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. WAFD is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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WAFD 8.46 | Peers 13.86 | WAFD NM | Peers 1.78 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. WAFD is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. WAFD's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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WAFD 0.70 | Peers 8.64 | WAFD -11.20 | Peers 24.72 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. WAFD is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, WAFD is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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WAFD 1.49 | Peers 4.87 | WAFD 41.89 | Peers 44.87 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. WAFD is trading at a significant discount to its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. WAFD is keeping pace with its peers on the basis of sales growth. |
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