Willdan Group, Inc.

Consumer Discretionary
Military/Government/Technical
www.willdan.com

Earnings Score
Moat Score
Safety Score

Market Cap $597.16M
PE 26
Debt $102.77M
Cash $53.11M
EV $646.82M
FCF $45.30M

Earnings

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Sales & Net Margins

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Earnings	$22.91M
EBIT	$32.23M
ROE	10%
ROA	7%
FCF	$45.30M
Equity	$223.96M
Growth Stability	-7K%
PE	26.06
PEG	3.45
PB	2.67
P/FCF	13.18
P/S	1.03
Price/Cash	0.09
Debt/Equity	0.46
Debt/FCF	2.27
Net Margins	4%
Gross Margins	35%
Op. Margins	6%
Earnings CAGR	0%
Sales Growth YoY	19%
Sales Growth QoQ	12%
Sales CAGR	14%
FCF CAGR	8%
Equity CAGR	23%
Earnings Stability	0
Earnings Growth YoY	369%
Earnings Growth QoQ	60%

Earnings CAGR 5Y	8%
Sales CAGR 5Y	6%
FCF CAGR 5Y	19%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	226%
Equity CAGR 3Y	8%
Market Cap	$597.16M
Revenue	$577.41M
Assets	$447.25M
Total Debt	$102.77M
Cash	$53.11M
Shares Outstanding	13.75M
EV	646.82M
Earnings Score	6%
Moat Score	81%
Safety Score	61%
Final Score	50%
Working Capital	99.59M
Current Ratio	1.77
Gross Profit	$202.25M
Shares Growth 3y	3%
Equity Growth QoQ	5%
Equity Growth YoY	17%

Assets & ROA

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Stockholders Equity & ROE

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Willdan Group Inc is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. It operates in the business segments of Energy and Engineering and Consulting. It generates the majority of its revenue from the Energy segment, which includes services such as audit and surveys, program design, master planning, benchmarking analyses, design engineering, construction management, performance contracting, installation, advances in software and data analytics, and other services. All of its revenue is derived from the domestic market.

SEC Filings

Direct access to Willdan Group, Inc. (WLDN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 27
- 10-Q Jun 28
- 10-Q Mar 29
2023
- 10-K Dec 29
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 30
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01

Sector Comparison

How does Willdan Group, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 0%

Stability 0%

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Willdan Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Willdan Group, Inc..

Years

Calculation mode

= $795M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$45M	$49M	$53M	$57M	$62M	$67M	$72M	$78M	$85M	$92M	$99M	$991M
DCF		$45M	$44M	$43M	$42M	$42M	$41M	$40M	$40M	$39M	$38M	$382M
Value	$795M

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	01/2015	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	3%	4%	4%	4%	1%	-4%	-2%	-2%	2%	4%
ROA	-	10%	11%	10%	4%	2%	-4%	-2%	-2%	5%	7%
ROE	-	11%	17%	17%	7%	3%	-9%	-5%	-5%	5%	10%

Bad Net Margins (3.53%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

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	01/2015	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.91	0.3	0.32	14.53	28.91	3.06	89.11	-738.82	3.65	2.27
Debt over Equity	0.01	0.14	0.12	0.04	0.55	0.86	0.76	0.65	0.69	0.53	0.46
Growth Stability	-	-	-	100%	100%	48%	-161%	-7K%	-	-	-7K%

Neutral Debt/FCF ratio (2.27)

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.

Good Debt/Equity ratio (0.46)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-7K%)

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	01/2015	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	25%	55%	31%	-0%	63%	-12%	-10%	21%	19%	6%
Earnings YoY growth	-	-55%	95%	46%	-17%	-52%	-399%	-42%	0%	-229%	8%
Equity YoY growth	-	24%	33%	42%	104%	16%	1%	6%	1%	10%	6%
FCF YoY growth	-	-54%	254%	-55%	-39%	-9%	742%	-97%	-113%	-17K%	19%