WESCO International, Inc. (WCC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-61.5%

$130.14

vs $337.93 price

Levered DCF

$40.15

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.22

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	18.45×	13.65×	12.55×	7.91×	16.23×	51.31×	11.47×	9.52×
P/B	2.37×	1.81×	1.76×	1.43×	1.75×	1.08×	1.13×	1.01×
P/S	0.51×	0.41×	0.4×	0.3×	0.36×	0.29×	0.31×	0.26×
EV / EBITDA	12.13×	9.33×	9.17×	7.3×	11×	18.11×	9.48×	7.97×
Gross margin	21.1%	21.6%	21.6%	21.8%	20.8%	18.9%	18.9%	19.2%
Operating margin	5.2%	5.6%	6.3%	6.7%	4.4%	2.8%	4.1%	4.3%
Net margin	2.7%	3.3%	3.4%	4.0%	2.6%	0.8%	2.7%	2.8%
Current ratio	2.2×	2.2×	2.48×	2.18×	2.08×	1.84×	2.34×	2.25×
Debt / equity	1.3×	1.14×	1.18×	1.33×	1.35×	1.59×	0.65×	0.58×
Interest coverage	3.19×	3.35×	3.61×	4.88×	2.99×	1.53×	5.27×	5.13×
Dividend yield	1.0%	1.5%	1.5%	0.9%	0.9%	0.8%	0.0%	0.0%
Payout ratio	18.1%	19.4%	17.5%	6.7%	12.3%	30.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.7%	14.4%	15.2%	19.3%	12.3%	3.0%	9.9%	10.6%
Return on invested capital	7.6%	8.2%	9.3%	9.9%	6.7%	3.0%	6.9%	7.8%
Return on assets	3.9%	4.8%	5.1%	5.8%	3.7%	0.8%	4.5%	4.9%
Free cash flow yield	0.2%	11.2%	4.5%	-1.4%	0.2%	13.4%	7.0%	12.0%
Earnings yield	5.4%	8.0%	8.6%	13.5%	7.0%	2.8%	8.7%	10.5%
Enterprise value	$17.8B	$14B	$14.3B	$11.8B	$11.5B	$8.5B	$3.9B	$3.3B
Net debt / EBITDA	4.03×	3.32×	3.48×	3.35×	4.69×	10.38×	3.21×	2.76×
Cash conversion cycle (days)	91	82	90	87	80	97	62	61