Walker & Dunlop, Inc.

Finance
Finance: Consumer Services
www.walkerdunlop.com

Earnings Score
Moat Score

Market Cap $3.48B
PE 39
Debt $NaN
Cash $266.64M
EV $NaN
FCF -$80.91M

Earnings

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Sales & Net Margins

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Earnings	$89.15M
EBIT	$118.75M
ROE	5%
ROA	3%
FCF	-$80.91M
Equity	$1.75B
Growth Stability	44%
PE	39.02
PEG	-2.29
PB	1.99
P/FCF	-42.99
P/S	3.27
Price/Cash	0.08
Net Margins	8%
Op. Margins	11%
Earnings CAGR	2%
Sales Growth YoY	9%
Sales Growth QoQ	8%
Sales CAGR	12%
FCF CAGR	-0%
Equity CAGR	17%
Earnings Stability	0.03
Earnings Growth YoY	37%

Earnings Growth QoQ	41%
Earnings CAGR 5Y	-17%
Sales CAGR 5Y	4%
FCF CAGR 5Y	9%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	-11%
Sales CAGR 3Y	-11%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	3%
Market Cap	$3.48B
Revenue	$1.07B
Dividend Yield	3%
Payout Ratio	98%
Assets	$4.58B
Cash	$266.64M
Shares Outstanding	31.97M
Earnings Score	6%
Moat Score	58%
Shares Growth 3y	-0%
Equity Growth QoQ	1%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company's products consist of first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans. The company generates majority of total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.

SEC Filings

Direct access to Walker & Dunlop, Inc. (WD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Walker & Dunlop, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Walker & Dunlop, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability 3%

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Walker & Dunlop, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Walker & Dunlop, Inc..

Years

Calculation mode

= -$793M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$81M	-$81M	-$80M	-$80M	-$80M	-$80M	-$79M	-$79M	-$79M	-$79M	-$78M	-$785M
DCF		-$73M	-$66M	-$60M	-$55M	-$49M	-$45M	-$41M	-$37M	-$33M	-$30M	-$303M
Value	-$793M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	14%	18%	20%	28%	21%	21%	22%	20%	17%	10%	8%
ROA	-	4%	6%	11%	8%	9%	7%	7%	7%	3%	3%
ROE	-	17%	19%	25%	17%	16%	20%	16%	12%	6%	5%

Net Margins (7.56%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	2.85	1.04	24.65	2.85	-1.99	3.12	0.73	-83.76	-
Debt over Equity	3.21	-	3.51	1.36	1.61	1.16	2.35	1.7	0.66	0.8	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	94%	44%	44%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (44%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	30%	23%	24%	2%	13%	33%	16%	-0%	-16%	4%
Earnings YoY growth	-	60%	39%	78%	-23%	8%	42%	8%	-19%	-50%	-17%
Equity YoY growth	-	14%	25%	33%	11%	15%	15%	32%	9%	2%	13%
FCF YoY growth	-	83%	-156%	40%	-94%	612%	-434%	-161%	81%	-101%	9%