Last Price$47.0(3.9%)
Market Cap$16.8B
DCF value
($14.3)
Overvalued (DCF value)
(130.5%)
Discount Rate
7.0%
Long-Term Growth Rate
4.0%
Stock quality
6/10
Good
WDC DCF Model
Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
| Jul'20 Actual | Jul'21 Actual | Jul'22 Actual | Jun'23 Actual | Jun'24 Actual | Jun'25 Estimate | Jun'26 Estimate | Jun'27 Estimate | Jun'28 Estimate | Jun'29 Estimate | Jun'30 Estimate | Jun'31 Estimate | Jun'32 Estimate | Jun'33 Estimate | Jun'34 Estimate | Jun'35 Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 16,736.0 1.0% | 16,922.0 1.1% | 18,793.0 11.1% | 12,318.0 (34.5%) | 13,003.0 5.6% | 16,496.4 26.9% | 18,086.4 9.6% | 18,117.8 0.2% | 18,236.0 0.7% | 18,442.1 1.1% | 18,738.8 1.6% | 19,129.8 2.1% | 19,620.6 2.6% | 20,217.7 3.0% | 20,929.7 3.5% | 21,766.9 4.0% |
% margin | 335.0 2.0% | 1,220.0 7.2% | 2,391.0 12.7% | (1,285.0) (10.4%) | (317.0) (2.4%) | 366.0 2.2% | 401.2 2.2% | 401.9 2.2% | 404.6 2.2% | 409.1 2.2% | 415.7 2.2% | 424.4 2.2% | 435.3 2.2% | 448.5 2.2% | 464.3 2.2% | 482.9 2.2% |
NOPAT % effective tax rate | 1,820.7 10.9% | 1,080.5 6.4% | 1,689.4 9.0% | (1,405.3) (11.4%) | (382.7) (2.9%) | 441.8 2.7% | 484.4 2.7% | 485.2 2.7% | 488.4 2.7% | 493.9 2.7% | 501.9 2.7% | 512.3 2.7% | 525.5 2.7% | 541.5 2.7% | 560.6 2.7% | 583.0 2.7% |
% of revenue | 1,566.0 9.4% | 1,212.0 7.2% | 929.0 4.9% | 828.0 6.7% | 568.0 4.4% | 881.6 5.3% | 966.6 5.3% | 968.3 5.3% | 974.6 5.3% | 985.6 5.3% | 1,001.5 5.3% | 1,022.4 5.3% | 1,048.6 5.3% | 1,080.5 5.3% | 1,118.6 5.3% | 1,163.3 5.3% |
% of revenue | (647.0) (3.9%) | (1,003.0) (5.9%) | (1,107.0) (5.9%) | (807.0) (6.6%) | (487.0) (3.7%) | (890.1) (5.4%) | (975.9) (5.4%) | (977.6) (5.4%) | (984.0) (5.4%) | (995.1) (5.4%) | (1,011.1) (5.4%) | (1,032.2) (5.4%) | (1,058.7) (5.4%) | (1,090.9) (5.4%) | (1,129.3) (5.4%) | (1,174.5) (5.4%) |
% of revenue | (757.0) (4.5%) | (175.0) (1.0%) | (1,075.0) (5.7%) | 90.0 0.7% | (307.0) (2.4%) | (404.2) (2.5%) | (443.2) (2.5%) | (443.9) (2.5%) | (446.8) (2.5%) | (451.9) (2.5%) | (459.1) (2.5%) | (468.7) (2.5%) | (480.7) (2.5%) | (495.4) (2.5%) | (512.8) (2.5%) | (533.3) (2.5%) |
Free Cash Flow to Firm (FCFF) % of revenue | 1,982.7 11.8% | 1,114.5 6.6% | 436.4 2.3% | (1,294.3) (10.5%) | (608.7) (4.7%) | 29.2 0.2% | 32.0 0.2% | 32.0 0.2% | 32.2 0.2% | 32.6 0.2% | 33.1 0.2% | 33.8 0.2% | 34.7 0.2% | 35.7 0.2% | 37.0 0.2% | 38.5 0.2% |
% of FCFF used in calculation | 32.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | ||||||
Discount period | 0.50 | 1.50 | 2.50 | 3.50 | 4.50 | 5.50 | 6.50 | 7.50 | 8.50 | 9.50 | ||||||
Discount factor | 0.97 | 0.90 | 0.84 | 0.79 | 0.74 | 0.69 | 0.64 | 0.60 | 0.56 | 0.53 | ||||||
Discounted FCFF (DFCFF) | 9.0 | 28.9 | 27.1 | 25.5 | 24.1 | 22.9 | 21.8 | 20.9 | 20.1 | 19.5 |
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WDC DCF Value
DCF Value Calculation
as of Mar 03, 2025
Sum of DFCFF
% share of EV
219.7M
30.0%
Terminal Value (TV)
973.6M
Discounted TV
% share of EV
512.7M
70.0%
732.5M
1,879.0M
Total Debt
7,741.0M
(5,129.5M)
Shares outstanding
357.6M
FX rate
1.0
(14.3)
130.5% overvalued
Equity Value Bridge
WDC DCF Financials
Revenue
$13.0B -> $20.9B
4.9% CAGR
Operating Income
($317.0M) -> $464.3M
N/A CAGR
FCFF
($608.7M) -> $37.0M
N/A CAGR
WDC DCF sensitivity
DCF value
Long-term Terminal growth rate
3.0%
3.5%
4.0%
4.5%
5.0%
WACC
6.0%
($14.0)
($14.0)
($14.0)
($14.0)
($14.0)
6.5%
($14.0)
($14.0)
($14.0)
($14.0)
($14.0)
7.0%
($14.0)
($14.0)
($14.0)
($14.0)
($14.0)
7.5%
($15.0)
($14.0)
($14.0)
($14.0)
($14.0)
8.0%
($15.0)
($15.0)
($15.0)
($14.0)
($14.0)
DCF value, undervalued / overvalued
Long-term Terminal growth rate
3.0%
3.5%
4.0%
4.5%
5.0%
WACC
6.0%
(130.0%)
(130.0%)
(130.0%)
(130.0%)
(130.0%)
6.5%
(130.0%)
(130.0%)
(130.0%)
(130.0%)
(130.0%)
7.0%
(130.0%)
(130.0%)
(130.0%)
(130.0%)
(130.0%)
7.5%
(132.0%)
(130.0%)
(130.0%)
(130.0%)
(130.0%)
8.0%
(132.0%)
(132.0%)
(132.0%)
(130.0%)
(130.0%)
Explore more intrinsic value tools hub for WDC
Margin of safety
Peter Lynch charts
Ben Graham Fair Value
Earnings Power Value
Relative Value
Earnings growth model
Discount rate
Peter Lynch Fair Value
Intrinsic Value
Reverse DCF
FAQ
What is Western Digital Corporation DCF (discounted cash flow) valuation?
As of Mar 03, 2025, Western Digital Corporation's Discounted Cash Flow (DCF) valuation estimates its share price at ($14.3). This suggests it may be overvalued by (130.5%) compared to its current price of around $47.0, using a WACC of 7.0% and growth rates of 4.0%.
What is Western Digital Corporation WACC?
As of Mar 03, 2025, Western Digital Corporation's Weighted Average Cost of Capital (WACC) is approximately 7.0%.
What is Western Digital Corporation Enterprise Value?
As of Mar 03, 2025, Western Digital Corporation's Enterprise Value (EV) is approximately $732.5M. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.