Western Digital Corp WDC
Summary
- Equity of total company : 9.219 billion USD (Total assets of 15.181 billion - Total liabilities of 5.962 billion = 9.219 billion)
- Market Cap is 14.73 billion USD
- Western Digital is structured around two subsidiaries: WD Technologies and Hitachi Global Storage Technologies (HGST)
- Equity of total company increased from 8.84 billion in 2014 to 9.219 billion in 2015 - very positive thing
- In 2012 Western Digital bought Hitachi's disk drive business, HGST, for around $4.3 billion in cash and stock
- In 2013 it acquired Virident, a provider of sever-side flash storage products (for about $340 million)
- In 2015 deal, Western Digital acquired Amplidata, a developer of object storage software for public and private cloud data centers, for about $267 million
- Total liabilities of Western Digital Corp decreased from 6.65 billion in 2014 to 5.96 billion in 2015 - very positive thing ( in 2015 company has 2.15 billion usd long-term debt and 411 million usd short-term debt which is acceptable)
- Western Digital’s balance sheet has become stronger, which supports the $19 billion acquisition of SanDisk Corporation
- Western Digital's sales slowed 4% in 2015 to $14.57 billion from $15.13 billion in 2014
- The revenue drop translated to a 9% fall in profit. The company posted $1.47 billion in profit in 2015, down from $1.6 billion in 2014
- Cash flow from operations came in at $2.2 billion in 2015, from $2.8 billion in 2014
Property Value -- Location , Price , Total , Description
United States
California
Fremont - $540/sqft
Total: 212,000,000 Owned 392,000
Manufacturing of head wafers and research and development
San Jose - $150/sqftAVG
Total: 430,650,000 Owned and Leased 2,871,000
Manufacturing of head wafers and head, media and product development; research and development, administrative, marketing and sales
Asia
China
Shenzhen -$150/SQFT
$220,650,000
Owned and Leased 1,417,000
Manufacturing of hard drives and, HGAs, media; administrative
Japan
Odawara - $150/SQFT
$76,950,000 Owned 513,000
Manufacturing of head wafers and head development
Fujisawa- $150/SQFT
$98,100,000 Owned 654,000
Product development
Malaysia
Johor $75/SQFT
$20,325,000 Owned 271,000
Manufacturing of substrates
Kuala Lumpur $75/SQFT
$80,550,000 Owned 1,074,000
Manufacturing of hard drives and research and development
Kuching $75/SQFT
$35,925,000 Owned 479,000
Manufacturing and development of substrates
Penang $75/SQFT
$86,250,000 Owned 1,150,000
Manufacturing of media, research and development and slider fabrication
Philippines
Laguna - $50/SQFT
$30,750,000 Owned 615,000
Manufacturing of HGAs and slider fabrication
Singapore - $200/SQFT
$160,400,000 Owned and
Leased 802,000
Manufacturing of media and research and development; administrative
Thailand
Bang Pa-In $50/SQFT
$82,750,000 Owned 1,665,000
Slider fabrication, manufacturing of hard drives and HGAs, and research and development
Navanakorn $50/SQFt
$14,500,000 Owned 290,000
Manufacturing of HGAs
Prachinburi $50/SQFT
$36,450,000 Owned 729,000
Manufacturing of hard drives
Accounting figures on 2015 10k : Total Property $2766 Million as of July 3, 2015
Our total estimate of owned Western digital real estate: $1,586,250,000 USD.
Opinion about the company
Fundamentally it is a very good company and in the future we can expect its growth if fundamental indicators remain as they are . Company has very good ratio of assets and liabilities, debt of this company is acceptable and everything indicates that Western digital should grow in the future. ). WDC stock has very good fundamentals (P/E is 11.11 , EPS is 5.62, ROI is 11.15, ROE is 14.48), P/E ratio is lower than in industry which is very important to potential investors.