(WD) Walker & Dunlop - NYSE
Sector: Financial Services | Industry: Mortgage Finance | Exchange: NYSE (USA) | Market Cap: 1.759m USD | Total Return: -21.2% in 12m
Avg Turnover: 15.2M
EPS Trend: 5.2%
Qual. Beats: 1
Rev. Trend: 86.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Walker & Dunlop, Inc. (NYSE: WD) is a commercial real estate finance firm specializing in multifamily lending and property services within the United States. The company operates through three primary segments: Capital Markets, Servicing & Asset Management, and Corporate. Its core business model relies heavily on its status as a licensed lender for government-sponsored enterprises (GSEs), specifically Fannie Mae and Freddie Mac, which provide liquidity to the housing market.
The firm’s service suite includes loan origination, debt brokerage, property sales, and investment banking. Beyond standard mortgage products, the company manages third-party capital for Low-Income Housing Tax Credit (LIHTC) funds and provides specialized valuation and appraisal services. In the commercial mortgage finance sector, firms like Walker & Dunlop often utilize a capital-light model by selling originated loans into the secondary market while retaining lucrative long-term servicing rights.
For a deeper dive into the companys intrinsic valuation and historical performance metrics, consider exploring the data available on ValueRay. Founded in 1937 and headquartered in Bethesda, Maryland, the company remains a significant intermediary in the student, senior, and affordable housing sectors.
- Federal Reserve interest rate cuts stimulate multifamily refinancing and transaction volume
- GSE lending caps and policy changes dictate Fannie Mae and Freddie Mac volumes
- Commercial real estate credit quality impacts loan servicing rights and valuation
- Expansion of property brokerage services diversifies revenue beyond traditional debt origination
- Rising delinquency rates in office and multifamily sectors increase credit loss provisions
| Net Income: 71.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.25 > 0.02 and ΔFCF/TA -20.49 > 1.0 |
| NWC/Revenue: -215.1% < 20% (prev -0.87%; Δ -214.2% < -1%) |
| CFO/TA -0.25 > 3% & CFO -1.53b > Net Income 71.2m |
| Net Debt (3.27b) to EBITDA (384.7m): 8.51 < 3 |
| Current Ratio: 0.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (33.4m) vs 12m ago 0.35% < -2% |
| Gross Margin: 49.86% > 18% (prev 54.87%; Δ -5.01% > 0.5%) |
| Asset Turnover: 23.90% > 50% (prev 25.31%; Δ -1.41% > 0%) |
| Interest Coverage Ratio: 2.78 > 6 (EBIT TTM 140.7m / Interest Expense TTM 50.5m) |
| A: -0.45 (Total Current Assets 616.9m - Total Current Liabilities 3.36b) / Total Assets 6.17b |
| B: 0.21 (Retained Earnings 1.26b / Total Assets 6.17b) |
| C: 0.03 (EBIT TTM 140.7m / Avg Total Assets 5.34b) |
| D: 0.39 (Book Value of Equity 1.72b / Total Liabilities 4.43b) |
| Altman-Z'' = -1.67 = D |
| DSRI: 0.29 (Receivables 424.4m/1.32b, Revenue 1.28b/1.14b) |
| GMI: 1.10 (GM 54.87% / 49.86%) |
| AQI: 1.50 (AQ_t 0.88 / AQ_t-1 0.58) |
| SGI: 1.12 (Revenue 1.28b / 1.14b) |
| TATA: 0.26 (NI 71.2m - CFO -1.53b) / TA 6.17b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of June 13, 2026, the stock is trading at USD 53.26 with a total of 223,493 shares traded.
Over the past week, the price has changed by +3.92%,
over one month by -2.14%,
over three months by +18.52% and
over the past year by -21.18%.
Walker & Dunlop has received a consensus analysts rating of 3.40. Therefore, it is recommended to hold WD.
- StrongBuy: 1
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 68.7 | 28.9% |
P/E Trailing = 25.3713
P/E Forward = 10.989
P/S = 1.4323
P/B = 1.0224
P/EG = 1.0942
Revenue TTM = 1.28b USD
EBIT TTM = 140.7m USD
EBITDA TTM = 384.7m USD
Long Term Debt = 3.36b USD (from longTermDebt, last quarter)
Short Term Debt = 3.36b USD (from shortTermDebt, last quarter)
Debt = 3.47b USD (from shortLongTermDebtTotal, last quarter) + Leases 105.1m
Net Debt = 3.27b USD (calculated: Debt 3.47b - CCE 192.5m)
Enterprise Value = 5.03b USD (1.76b + Debt 3.47b - CCE 192.5m)
Interest Coverage Ratio = 2.78 (Ebit TTM 140.7m / Interest Expense TTM 50.5m)
EV/FCF = -3.27x (Enterprise Value 5.03b / FCF TTM -1.54b)
FCF Yield = -30.62% (FCF TTM -1.54b / Enterprise Value 5.03b)
FCF Margin = -120.8% (FCF TTM -1.54b / Revenue TTM 1.28b)
Net Margin = 5.58% (Net Income TTM 71.2m / Revenue TTM 1.28b)
Gross Margin = 49.86% ((Revenue TTM 1.28b - Cost of Revenue TTM 639.7m) / Revenue TTM)
Gross Margin QoQ = 48.72% (prev 63.48%)
Tobins Q-Ratio = 0.82 (Enterprise Value 5.03b / Total Assets 6.17b)
Interest Expense / Debt = 1.46% (Interest Expense 50.5m / Debt 3.47b)
Taxrate = 27.60% (27.5m / 99.7m)
NOPAT = 101.8m (EBIT 140.7m * (1 - 27.60%))
Current Ratio = 0.18 (Total Current Assets 616.9m / Total Current Liabilities 3.36b)
Debt / Equity = 2.01 (Debt 3.47b / totalStockholderEquity, last quarter 1.72b)
Debt / EBITDA = 8.51 (Net Debt 3.27b / EBITDA 384.7m)
Debt / FCF = -2.12 (negative FCF - burning cash) (Net Debt 3.27b / FCF TTM -1.54b)
Total Stockholder Equity = 1.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.33% (Net Income 71.2m / Total Assets 6.17b)
RoE = 4.08% (Net Income TTM 71.2m / Total Stockholder Equity 1.74b)
RoCE = 2.76% (EBIT 140.7m / Capital Employed (Equity 1.74b + L.T.Debt 3.36b))
RoIC = 1.67% (NOPAT 101.8m / Invested Capital 6.10b)
WACC = 3.71% (E(1.76b)/V(5.23b) * Re(8.94%) + D(3.47b)/V(5.23b) * Rd(1.46%) * (1-Tc(0.28)))
Discount Rate = 8.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 0.63%
[DCF] Fair Price = unknown (Cash Flow -1.54b)
EPS Correlation: 5.15 | EPS CAGR: 0.75% | SUE: 1.24 | # QB: 1
Revenue Correlation: 86.07 | Revenue CAGR: 7.22% | SUE: 0.49 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.17 | Chg30d=-13.26% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.38 | Chg30d=-10.18% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=4.58 | Chg30d=+1.91% | Revisions=N/A | GrowthEPS=+30.9% | GrowthRev=+14.0%
EPS next Year (2027-12-31): EPS=5.82 | Chg30d=+0.75% | Revisions=+14% | GrowthEPS=+27.0% | GrowthRev=+9.8%
[Analyst] Revisions Ratio: -20%