WDAY Workday, Inc.
too hard · 52
Owner-earnings value$111.07
Price$186.02
Margin of safety
-40.3%
Quality gate · 52/100
⚠ sub-hurdle returns (median roic 4% < 9%)
Median ROIC3.6%
Gross margin75.8%
Net debt / EBITDA1.3x
FCF conversion366%
Share count / yr-0.6%
Profitable years3/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.38B |
| Owner-earnings yield | 3.1% |
| Free-cash-flow yield | 6.3% |
| Growth used (normalized) | 10.0% |
| Market-implied growth (reverse DCF) | 23.2% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 10.1% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.52B | 10.0% | 1.38B |
| 2 | 1.66B | 9.2% | 1.37B |
| 3 | 1.80B | 8.4% | 1.35B |
| 4 | 1.93B | 7.7% | 1.32B |
| 5 | 2.07B | 6.9% | 1.28B |
| 6 | 2.19B | 6.1% | 1.24B |
| 7 | 2.31B | 5.3% | 1.18B |
| 8 | 2.42B | 4.6% | 1.12B |
| 9 | 2.51B | 3.8% | 1.06B |
| 10 | 2.58B | 3.0% | 991.30M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~23%/yr owner-earnings growth over 10y (reverse DCF); model credits 10%.