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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 44
HOLD 16
SELL 1
STRONG
SELL
0
| PRICE TARGET: $424.46 DETAILS
HIGH: $660.00
LOW: $250.00
MEDIAN: $450.00
CONSENSUS: $424.46
DOWNSIDE: 12.35%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 130.0% above fair value
Current Price $484.28
Bear Case $168.41 65.2% downside ($168.41 - $484.28) / $484.28 = -65.2% $5.12 × 15x P/E
Fair Value $210.53 56.5% downside ($210.53 - $484.28) / $484.28 = -56.5% $5.12 × 19x P/E
Bull Case $252.64 47.8% downside ($252.64 - $484.28) / $484.28 = -47.8% $5.12 × 22x P/E

Adjust Assumptions

18.6x
5.12$

Key Value Driver

Normalized P/E multiple (19x base case)

Implied Market Multiple 94.6x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $424.46 from 61 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $210.53 per share.

Warnings

Wall Street's average price target is $424.46 (from 61 analysts). Our estimate is 78% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples