A Business at a Glance
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WD 40 CO
WDFC
$3.1B
Mkt Cap
$231.33
-0.55%
WD 40 CO (WDFC) has a current P/E ratio of 35.2, compared to its historical median P/E of 39.0. The stock is currently considered Fair based on its historical valuation range.
WD 40 CO (WDFC) has a 5-year average return on invested capital (ROIC) of 27.7%. This indicates strong capital allocation and a potential competitive advantage.
WD 40 CO (WDFC) has a market capitalization of $3.1B. It is classified as a mid-cap stock.
Yes, WD 40 CO (WDFC) pays a dividend with a trailing twelve-month yield of 1.67%. The company also returns capital through share buybacks, with a buyback yield of 0.69%.
Based on historical P/E analysis, WD 40 CO (WDFC) appears fair. The current P/E of 35.2 is 10% below its historical median of 39.0. The estimated fair value CAGR (P/E method) is 4.7%.
WD 40 CO (WDFC) operates in the Miscellaneous Chemical Products industry, within the Materials sector.
WD 40 CO (WDFC) reported annual revenue of $620 million in its most recent fiscal year, based on SEC EDGAR filings.
WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. The Company was founded in 1953 and is headquartered in San Diego, California. For more than four decades, we sold only one product, WD-40® Multi-Use Product, a multi-purpose maintenance product which acts as a lubricant, rust preventative, penetrant and moisture displacer. Over the last several decades, we have evolved and expanded our product offerings through both research and development activities and through the acquisition of several of our smaller brands worldwide. As a result, we have built a family of brands and product lines that deliver high quality performance at a good value to our end users.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 636M | 620M | 591M | 537M | 519M | 488M |
| Net Income | 80M | 91M | 69M | 66M | 67M | 70M |
| EPS | $5.90 | $6.69 | $5.11 | $4.83 | $4.90 | $5.09 |
| Free Cash Flow | 84M | 83M | 88M | 92M | -5.7M | 70M |
| ROIC | 24.2% | 32.3% | 25.7% | 23.5% | 24.7% | 32.2% |
| Gross Margin | 55.7% | 55.1% | 53.4% | 51.0% | 49.1% | 54.0% |
| Debt/Equity | 0.43 | 0.33 | 0.45 | 0.62 | 0.98 | 0.58 |
| Dividends/Share | $3.87 | $3.70 | $3.47 | $3.27 | $3.06 | $2.78 |
| Operating Income | 105M | 104M | 96M | 90M | 87M | 89M |
| Operating Margin | 16.5% | 16.7% | 16.3% | 16.7% | 16.8% | 18.2% |
| ROE | 29.7% | 36.4% | 31.5% | 33.0% | 34.5% | 38.8% |
| Shares Outstanding | 13M | 14M | 14M | 14M | 14M | 14M |
| Metric | 2016 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 383M | 378M | 381M | 381M | 409M | 423M | 408M | 488M | 519M | 537M | 591M | 620M | 636M |
| Gross Margin | 51.9% | 52.9% | 56.3% | 56.2% | 55.1% | 54.9% | 54.6% | 54.0% | 49.1% | 51.0% | 53.4% | 55.1% | 55.7% |
| R&D | 6.9M | 9.0M | 7.7M | 8.4M | 7.0M | 6.5M | 6.0M | 5.6M | 5.1M | 6.2M | 8.0M | 8.7M | 8.7M |
| SG&A | 109M | 109M | 118M | 115M | 121M | 124M | 122M | 145M | 139M | 155M | 184M | 200M | 211M |
| EBIT | 64M | 65M | 71M | 76M | 79M | 82M | 77M | 89M | 87M | 90M | 96M | 104M | 105M |
| Op. Margin | 16.6% | 17.3% | 18.7% | 19.9% | 19.2% | 19.5% | 18.9% | 18.2% | 16.8% | 16.7% | 16.3% | 16.7% | 16.5% |
| Net Income | 44M | 45M | 52M | 53M | 65M | 56M | 60M | 70M | 67M | 66M | 69M | 91M | 80M |
| Net Margin | 11.4% | 11.8% | 13.7% | 13.8% | 15.9% | 13.1% | 14.8% | 14.3% | 12.9% | 12.2% | 11.8% | 14.6% | 12.5% |
| Non-Recurring | 39K | 71K | 75K | 115K | 164K | 99K | 124K | 249K | 311K | 90K | 241K | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 26.3% | 20.5% | 14.4% | 13.7% | 20.7% | 26.4% | 27.0% | 32.2% | 24.7% | 23.5% | 25.7% | 32.3% | 24.2% |
| ROE | 24.9% | 27.2% | 35.1% | 37.6% | 43.9% | 36.9% | 39.5% | 38.8% | 34.5% | 33.0% | 31.5% | 36.4% | 29.7% |
| ROA | 13.0% | 13.0% | 15.4% | 14.8% | 18.9% | 17.9% | 18.2% | 17.6% | 15.5% | 15.1% | 15.6% | 19.6% | 16.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 39M | 55M | 65M | 56M | 65M | 63M | 73M | 85M | 2.6M | 98M | 92M | 88M | 89M |
| Free Cash Flow | 35M | 49M | 61M | 35M | 52M | 50M | 53M | 70M | -5.7M | 92M | 88M | 83M | 84M |
| Owner Earnings | 31M | 46M | 55M | 45M | 53M | 51M | 60M | 68M | -12M | 84M | 76M | 72M | 73M |
| CapEx | 4.1M | 5.8M | 4.4M | 20M | 12M | 13M | 19M | 15M | 8.3M | 6.9M | 4.2M | 4.5M | 5.2M |
| Maint. CapEx | 5.9M | 6.5M | 6.5M | 6.8M | 7.8M | 7.6M | 7.7M | 7.0M | 8.3M | 8.2M | 9.5M | 8.2M | 8.6M |
| Growth CapEx | 0 | 0 | 0 | 13M | 4.6M | 5.7M | 12M | 8.0M | 9K | 0 | 0 | 0 | 0 |
| D&A | 5.9M | 6.5M | 6.5M | 6.8M | 7.8M | 7.6M | 7.7M | 7.0M | 8.3M | 8.2M | 9.5M | 8.2M | 8.6M |
| CapEx/OCF | 10.5% | 10.5% | 7.2% | 36.3% | 19.1% | 21.1% | 26.6% | 17.8% | 318.9% | 7.0% | 4.6% | 5.1% | 5.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 20M | 22M | 24M | 27M | 30M | 33M | 36M | 38M | 42M | 45M | 47M | 50M | 52M |
| Dividend Yield | 2.3% | 2.2% | 1.9% | 2.0% | 1.8% | 1.5% | 1.5% | 1.2% | 1.6% | 1.9% | 1.5% | 1.6% | 1.7% |
| Share Buybacks | 43M | 30M | 32M | 31M | 23M | 30M | 17M | 0 | 29M | 10M | 8.1M | 12M | 21M |
| Buyback Yield | 4.9% | 2.9% | 2.1% | 2.3% | 1.0% | 1.3% | 0.7% | N/A | 1.2% | 0.4% | 0.2% | 0.4% | 0.7% |
| Stock-Based Comp | 2.3M | 2.8M | 3.7M | 4.1M | 4.2M | 4.4M | 5.4M | 9.6M | 6.7M | 6.4M | 6.5M | 7.3M | 7.8M |
| Debt Repayment | 0 | 0 | 0 | 0 | 400K | 800K | 800K | 800K | 800K | 800K | 800K | 800K | 800K |
| Balance Sheet | |||||||||||||
| Net Debt | -4.9M | 114M | 135M | 191M | 37M | 116M | 58M | 31M | 148M | 83M | 57M | 30M | 66M |
| Cash & Equiv. | 58M | 54M | 51M | 37M | 49M | 27M | 56M | 86M | 38M | 48M | 47M | 58M | 50M |
| Long-Term Debt | N/A | 108M | 122M | 134M | 63M | 60M | 113M | 115M | 107M | 110M | 86M | 86M | 86M |
| Debt/Equity | 0.58 | 1.37 | 1.74 | 2.21 | 0.56 | 0.99 | 0.72 | 0.58 | 0.98 | 0.62 | 0.45 | 0.33 | 0.43 |
| Interest Coverage | 63.6 | 54.3 | 41.9 | 29.4 | 18.6 | 32.4 | 31.7 | 37.1 | 31.8 | 16.0 | 22.5 | 23.6 | 23.6 |
| Equity | 169M | 158M | 140M | 139M | 155M | 145M | 160M | 200M | 189M | 210M | 231M | 268M | 269M |
| Total Assets | 348M | 339M | 340M | 370M | 317M | 303M | 363M | 430M | 434M | 438M | 449M | 476M | 474M |
| Total Liabilities | 178M | 181M | 199M | 230M | 162M | 157M | 202M | 230M | 246M | 228M | 219M | 208M | 205M |
| Intangibles | 24M | 23M | 19M | 16M | 14M | 11M | 8.6M | 7.2M | 5.6M | 4.7M | 6.2M | 2.4M | 2.4M |
| Retained Earnings | 238M | 261M | 290M | 316M | 351M | 374M | 399M | 431M | 456M | 477M | 500M | 541M | 552M |
| Working Capital | 64M | 157M | 151M | 149M | 82M | 73M | 125M | 155M | 139M | 160M | 152M | 183M | 184M |
| Current Assets | 216M | 205M | 209M | 225M | 168M | 148M | 185M | 241M | 250M | 249M | 255M | 285M | 284M |
| Current Liabilities | 152M | 48M | 59M | 75M | 86M | 75M | 60M | 86M | 111M | 89M | 104M | 102M | 101M |
| Per Share Data | |||||||||||||
| EPS | 2.87 | 3.04 | 3.64 | 3.72 | 4.64 | 4.02 | 4.40 | 5.09 | 4.90 | 4.83 | 5.11 | 6.69 | 5.90 |
| Owner EPS | 2.02 | 3.13 | 3.84 | 3.16 | 3.78 | 3.68 | 4.34 | 4.96 | -0.90 | 6.16 | 5.60 | 5.34 | 5.41 |
| Book Value | 11.18 | 10.78 | 9.77 | 9.86 | 11.14 | 10.52 | 11.68 | 14.58 | 13.78 | 15.45 | 16.97 | 19.77 | 19.97 |
| Cash Flow/Share | 2.55 | 3.76 | 4.55 | 3.93 | 4.64 | 4.55 | 5.29 | 6.16 | 0.19 | 7.23 | 6.78 | 6.48 | 6.56 |
| Dividends/Share | 1.33 | 1.48 | 1.64 | 1.89 | 2.11 | 2.37 | 2.62 | 2.78 | 3.06 | 3.27 | 3.47 | 3.70 | 3.87 |
| Shares Out. | 15.2M | 14.7M | 14.4M | 14.1M | 14.0M | 13.8M | 13.7M | 13.7M | 13.7M | 13.6M | 13.6M | 13.6M | 13.5M |
| Valuation | |||||||||||||
| P/E Ratio | 19.9 | 23.6 | 28.4 | 25.7 | 33.4 | 41.1 | 42.3 | 42.5 | 36.8 | 43.5 | 49.0 | 32.2 | 39.2 |
| P/FCF | 25.0 | 21.3 | 24.4 | 38.1 | 41.2 | 46.1 | 47.9 | 42.7 | N/A | 31.3 | 38.7 | 35.1 | 37.0 |
| EV/EBIT | 15.1 | 19.4 | 22.9 | 18.6 | 28.5 | 28.5 | 33.2 | 33.0 | 29.6 | 32.4 | 35.5 | 28.0 | 30.3 |
| Price/Book | 5.1 | 6.7 | 10.7 | 9.7 | 14.0 | 15.8 | 16.0 | 14.9 | 13.1 | 13.7 | 14.8 | 10.9 | 11.6 |
| Price/Sales | 2.3 | 2.7 | 3.4 | 3.5 | 4.0 | 5.1 | 5.8 | 6.7 | 5.2 | 4.5 | 5.3 | 5.2 | 4.9 |
| FCF Yield | 4.0% | 4.7% | 4.1% | 2.6% | 2.4% | 2.2% | 2.1% | 2.3% | -0.2% | 3.2% | 2.6% | 2.8% | 2.7% |
| Market Cap | 870M | 1.1B | 1.5B | 1.4B | 2.2B | 2.3B | 2.6B | 3.0B | 2.5B | 2.9B | 3.4B | 2.9B | 3.1B |
| Avg. Price | 58.80 | 68.58 | 88.91 | 94.79 | 115.80 | 154.35 | 171.14 | 237.04 | 195.69 | 175.11 | 228.50 | 238.61 | 231.33 |
| Year-End Price | 57.07 | 71.78 | 103.45 | 95.45 | 154.82 | 165.34 | 185.95 | 216.53 | 180.24 | 210.27 | 250.42 | 215.57 | 231.33 |
WD 40 CO passes 7 of 9 quality checks, indicating strong fundamentals.
WD 40 CO trades at 35.2x trailing earnings, compared to its 15-year median P/E of 39.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 39.9x vs a median of 38.7x. The company's 5-year average ROIC is 27.7% with a gross margin of 52.5%. Total shareholder yield (dividends + buybacks) is 2.4%. At current prices, the estimated annualized return to fair value is +9.0%.
WD 40 CO (WDFC) has a net profit margin of 14.6%. This is a healthy margin.
WD 40 CO (WDFC) generated $83 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WD 40 CO (WDFC) has a debt-to-equity ratio of 0.33. This indicates a conservatively financed balance sheet.
WD 40 CO (WDFC) reported earnings per share (EPS) of $6.69 in its most recent fiscal year.
WD 40 CO (WDFC) has a return on equity (ROE) of 36.4%. This indicates the company generates strong returns for shareholders.
WD 40 CO (WDFC) has a 5-year average gross margin of 52.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for WD 40 CO (WDFC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WD 40 CO (WDFC) has a book value per share of $19.77, based on its most recent annual SEC filing.
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