Buy or Sell WW International Stock?

-63.12%
Downside
27.72
Market
10.22
Trefis
WW: WW International logo
WW
WW International

WW International (WW) stock has jumped 14% during the past day, and is currently trading at $30.35. We believe there are several things to fear in WW stock given its overall Weak operating performance and financial condition. This is aligned with the stock’s Very Low valuation because of which we think it is Fairly Priced.

Below is our assessment:

  CONCLUSION
What you pay:
Valuation Very Low
What you get:
Growth Very Weak
Profitability Strong
Financial Stability Moderate
Downturn Resilience N/A
Operating Performance Weak
 
Stock Opinion Fairly Priced

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Let’s get into details of each of the assessed factors but before that, for quick background: With $303 Mil in market cap, WW International provides weight management products and services worldwide, including nutritional, activity, behavioral, and lifestyle tools across North America, Europe, and the UK.

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[1] Valuation Looks Very Low

  WW S&P 500
Price-to-Sales Ratio 0.4 3.2
Price-to-Earnings Ratio 0.3 23.5
Price-to-Free Cash Flow Ratio   20.7

This table highlights how WW is valued vs broader market. For more details see: WW Valuation Ratios

[2] Growth Is Very Weak

  • WW International has seen its top line shrink at an average rate of -12.9% over the last 3 years
  • Its revenues have fallen -11% from $807 Mil to $720 Mil in the last 12 months
  • Also, its quarterly revenues declined -10.8% to $172 Mil in the most recent quarter from $193 Mil a year ago.

  WW S&P 500
3-Year Average -12.9% 5.5%
Latest Twelve Months* -10.8% 6.1%
Most Recent Quarter (YoY)* -10.8% 7.3%

This table highlights how WW is growing vs broader market.

[3] Profitability Appears Strong

  • WW last 12 month operating income was $93 Mil representing operating margin of 12.9%
  • For the same period, WW generated nearly $1.1 Bil in net income, suggesting net margin of about 150.8%

  WW S&P 500
Current Operating Margin 12.9% 18.8%
Current OCF Margin   20.4%
Current Net Income Margin 150.8% 13.1%

This table highlights how WW profitability vs broader market.

[4] Financial Stability Looks Moderate

  • WW Debt was $469 Mil at the end of the most recent quarter, while its current Market Cap is $303 Mil. This implies Debt-to-Equity Ratio of 154.8%
  • WW Cash (including cash equivalents) makes up $170 Mil of $969 Mil in total Assets. This yields a Cash-to-Assets Ratio of 17.6%

  WW S&P 500
Current Debt-to-Equity Ratio 154.8% 20.9%
Current Cash-to-Assets Ratio 17.6% 7.1%

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