WD-40 Company (WDFC)
NASDAQ:WDFC
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WD-40 Company
(NASDAQ:WDFC)
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Rating:69Neutral
Price Target:
$245.00
▲(21.67% Upside)
Action:Downgraded
Date:06/05/26
The score reflects strong financial quality and a supportive (but risk-aware) earnings outlook, offset by weak current technical momentum and a premium valuation. Corporate leadership changes are a modest positive but add some transition risk.
Positive Factors
De-risked balance sheet and low leverage
WD-40’s materially reduced leverage and stronger equity base provide durable financial flexibility. Low debt lowers interest and refinancing risk, supports steady dividends, share repurchases, and strategic investments, and enhances resilience to commodity or macro shocks over the medium term.
Negative Factors
Input-cost exposure to oil-linked specialty chemicals
WD-40’s petroleum-linked raw materials create a structural margin vulnerability when oil rises. Lagged passthrough (90–120 days) means margins can deteriorate before pricing or mix offsets, pressuring operating profitability and free cash flow if elevated input costs persist.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet and low leverage
WD-40’s materially reduced leverage and stronger equity base provide durable financial flexibility. Low debt lowers interest and refinancing risk, supports steady dividends, share repurchases, and strategic investments, and enhances resilience to commodity or macro shocks over the medium term.
Read all positive factors
WD-40 Company Key Performance Indicators (KPIs)
WD-40 Company (WDFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.00B
Dividend Yield1.87%
Average Volume (3M)148.04K
Price to Earnings (P/E)37.6
Beta (1Y)-0.01
Revenue Growth4.23%
EPS Growth-6.09%
CountryUS
Employees644
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)5.90
Shares Outstanding13,455,402
10 Day Avg. Volume163,670
30 Day Avg. Volume148,043
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)10.91
Price to Sales (P/S)4.72
P/FCF Ratio35.09
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue4.32
Enterprise Value/Gross Profit7.77
Enterprise Value/Ebitda23.95
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)6.08
Revenue Forecast (FY)$650.63M
WD-40 Company Business Overview & Revenue Model
Company Description
Operating globally across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, WD-40 Company specializes in manufacturing and distributing a comprehensive array of maintenance, homecare, and cleaning products. Its maintenance solut...
How the Company Makes Money
WD-40 Company primarily makes money by selling branded maintenance and homecare products to distributors and retailers, which then sell to end customers (consumers and professional/industrial users). Its core revenue stream comes from sales of the...
WD-40 Company Earnings Call Summary
Earnings Call Date:Apr 09, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jul 15, 2026
Earnings Call Sentiment Positive
The call communicated broadly positive operational momentum: solid top-line growth (Q2 sales +11%), strong maintenance product performance, gross margin expansion (+100 bps), notable recoveries in Asia and the U.S., and progress on premiumization, Specialist, and e-commerce initiatives. Management reaffirmed full-year guidance while flagging rising input-cost risk from recent geopolitical events (higher oil price assumptions $95–$115/bbl) that could pressure margins starting in Q4. Near-term working capital increases and a flat adjusted EBITDA margin temper the outlook, but diversified supply chain, inventory positioning, and planned promotional activity (especially in the U.S.) provide offset and justify confidence in the full-year targets.Positive Updates
Consolidated Net Sales Growth
Q2 net sales of $161.7M, up 11% year-over-year, driven by strength in maintenance products and the U.S. market.
Negative Updates
EIMEA Constant Currency Softness
EIMEA constant currency sales declined 3% YoY in Q2 despite reported currency tailwinds (+9% reported); distributor markets were weak (+1% to $19.2M) and timing/transition issues in the Middle East negatively impacted sales.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Net Sales Growth
Q2 net sales of $161.7M, up 11% year-over-year, driven by strength in maintenance products and the U.S. market.
Read all positive updates
Company Guidance
The company reaffirmed fiscal 2026 guidance while flagging increased near‑term uncertainty: pro forma net sales are expected to be $630–$655 million (5%–9% growth vs. pro forma 2025) and $650–$680 million on a reported basis (low‑double‑digit growth at current FX), with gross margin targeted at 55.5%–56.5%, A&P about 6% of sales, operating income of $103–$110 million (5%–12% pro forma growth), a tax rate of 22.5%–23.5%, and diluted EPS of $5.75–$6.15 based on ~13.4 million weighted shares (5%–12% pro forma growth); guidance assumes crude oil of $95–$115/barrel and ~€1.15/USD in H2, the top‑line is expected to land mid‑to‑high in the range while other metrics are expected to fall within their ranges (not necessarily mid‑high), raw‑material cost changes typically lag 90–120 days so gross‑margin impact is not expected until Q4, and if the Americas homecare/cleaning divestiture does not occur the outlook would improve by roughly $12.5M in sales, $3.6M in operating income and $0.20 in EPS.WD-40 Company Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 636.48M | 619.99M | 590.56M | 537.25M | 518.82M | 488.11M |
| Gross Profit | 354.31M | 341.34M | 315.23M | 274.22M | 254.76M | 263.74M |
| EBITDA | 114.86M | 113.26M | 105.25M | 98.93M | 95.14M | 95.91M |
| Net Income | 79.99M | 90.99M | 69.64M | 65.99M | 67.33M | 70.23M |
Balance Sheet | ||||||
| Total Assets | 473.74M | 475.81M | 449.04M | 437.97M | 434.30M | 430.20M |
| Cash, Cash Equivalents and Short-Term Investments | 50.35M | 58.13M | 46.70M | 48.14M | 37.84M | 85.96M |
| Total Debt | 111.08M | 97.70M | 102.83M | 128.52M | 154.01M | 131.77M |
| Total Liabilities | 204.79M | 207.66M | 218.51M | 227.79M | 245.67M | 229.82M |
| Stockholders Equity | 268.95M | 268.15M | 230.53M | 210.18M | 188.62M | 200.38M |
Cash Flow | ||||||
| Free Cash Flow | 84.12M | 83.40M | 87.83M | 91.52M | -5.70M | 69.66M |
| Operating Cash Flow | 89.30M | 87.92M | 92.03M | 98.39M | 2.60M | 84.71M |
| Investing Cash Flow | -2.93M | -2.39M | -9.73M | -6.22M | -7.69M | -14.46M |
| Financing Cash Flow | -92.14M | -74.12M | -83.94M | -85.05M | -38.01M | -40.75M |
WD-40 Company Technical Analysis
Positive
201.37
Price Trends
209.50
Positive
218.51
Positive
208.34
Positive
Market Momentum
2.64
Negative
67.75
Neutral
92.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WDFC, the sentiment is Positive. The current price of 201.37 is below the 20-day moving average (MA) of 206.67, below the 50-day MA of 209.50, and below the 200-day MA of 208.34, indicating a bullish trend. The MACD of 2.64 indicates Negative momentum. The RSI at 67.75 is Neutral, neither overbought nor oversold. The STOCH value of 92.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WDFC.
WD-40 Company Risk Analysis
WD-40 Company disclosed 21 risk factors in its most recent earnings report. WD-40 Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WD-40 Company Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $3.00B | 37.65 | 30.23% | 1.87% | 4.23% | -6.09% | |
66 Neutral | $2.51B | 587.48 | 0.31% | 1.37% | 6.25% | -94.37% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $5.79B | -28.71 | -16.43% | ― | 22.99% | -245.44% | |
58 Neutral | $1.24B | -87.68 | -1.15% | 3.33% | 5.46% | -125.23% | |
56 Neutral | $3.47B | 21.80 | 8.09% | 1.54% | -2.57% | 43.21% | |
53 Neutral | $2.86B | -22.52 | -6.73% | 3.91% | 2.60% | -316.21% |
* Basic Materials Sector Average
WDFC
WD-40 Company
223.01
-16.60
-6.93%
FUL
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26.12%
SCL
Stepan Company
54.48
1.24
2.32%
PRM
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35.47
22.22
167.70%
WD-40 Company Corporate Events
Business Operations and StrategyExecutive/Board Changes
WD-40 Announces Key Executive Leadership Transitions and Realignment
Positive
Jun 4, 2026
On June 4, 2026, WD-40 Company announced a series of executive leadership changes designed to strengthen organizational alignment and support its long-term strategic priorities. The company is transitioning Chief Financial Officer and principal ac...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.