WMS Stock Analysis: Advanced Drainage Systems | NYSE
Building Products & Equipment | NYSE, USA | Market Cap: 9.597m USD | 12M Return: -8.1% | US00790R1041 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 95.0M
EPS Trend: 13.1%
Qual. Beats: 1
Rev. Trend: 87.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Advanced Drainage Systems, Inc. (NYSE: WMS) is a U.S.-based manufacturer specializing in thermoplastic corrugated pipes and a broad range of water management products, serving customers across the United States, Canada, and international markets. Founded in 1966 and headquartered in Hilliard, Ohio, the company has grown into a large-cap industrial business within the Building Products sub-industry, having gone public in 2014.
The company operates through two reportable segments - Stormwater and Wastewater - reflecting its diversified exposure to water-related infrastructure. Its product portfolio spans single, double, and triple wall corrugated polypropylene and polyethylene pipes, plastic leachfield chambers, EZflow synthetic aggregate bundles, septic tanks, and combined treatment and dispersal systems such as AeroFin and Advanced Enviro-Septic. It also distributes construction fabrics and geosynthetic products used for soil stabilization, filtration, erosion control, and sub-surface drainage, along with complementary offerings like PVC drainage structures, channel drains, catch basins, grates, and water quality filters.
WMS sells its products across non-residential, residential, agriculture, and infrastructure end markets through a distribution center network. As a pure-play provider of stormwater and wastewater management solutions, the company benefits from long-term secular drivers including urbanization, stricter environmental regulations on runoff and water quality, and ongoing investment in U.S. infrastructure replacement and expansion - factors that tend to underpin steady demand for drainage and water-management construction products.
- Infrastructure bill funding drives stormwater pipe demand
- Resin price volatility pressures product margins
- Residential construction slowdown weighs on pipe volumes
| Net Income: 451.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 0.30 > 1.0 |
| NWC/Revenue: 20.34% < 20% (prev 35.82%; Δ -15.48% < -1%) |
| CFO/TA 0.18 > 3% & CFO 804.5m > Net Income 451.1m |
| Net Debt (1.76b) to EBITDA (926.5m): 1.90 < 3 |
| Current Ratio: 2.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.0m) vs 12m ago -1.40% < -2% |
| Gross Margin: 37.65% > 18% (prev 37.42%; Δ 0.23% > 0.5%) |
| Asset Turnover: 76.52% > 50% (prev 74.65%; Δ 1.87% > 0%) |
| Interest Coverage Ratio: 7.14 > 6 (EBIT TTM 699.1m / Interest Expense TTM 97.9m) |
| A: 0.15 (Total Current Assets 1.24b - Total Current Liabilities 585.6m) / Total Assets 4.51b |
| B: 0.45 (Retained Earnings 2.02b / Total Assets 4.51b) |
| C: 0.17 (EBIT TTM 699.1m / Avg Total Assets 4.21b) |
| D: 0.71 (Book Value of Equity 1.86b / Total Liabilities 2.62b) |
| Altman-Z'' = 4.27 = AA |
| DSRI: 1.09 (Receivables 458.6m/379.8m, Revenue 3.22b/2.92b) |
| GMI: 0.99 (GM 37.42% / 37.65%) |
| AQI: 1.34 (AQ_t 0.45 / AQ_t-1 0.34) |
| SGI: 1.10 (Revenue 3.22b / 2.92b) |
| TATA: -0.08 (NI 451.1m - CFO 804.5m) / TA 4.51b) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of October 06, 2026, the stock is trading at USD 129.43 with a total of 884,802 shares traded. Over the past week, the price has changed by -1.03%, over one month by -3.17%, over three months by -14.35% and over the past year by -8.06%.
Current recommended Stop Loss: 124.50 (which is 3.8% or 1.3 ATR below the current price).
Advanced Drainage Systems has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy WMS.
- StrongBuy: 10
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 182.3 | 40.8% |
P/E Trailing = 21.6814
P/E Forward = 20.79
P/S = 2.9789
P/B = 5.2497
P/EG = 1.224
Revenue TTM = 3.22b USD
EBIT TTM = 699.1m USD
EBITDA TTM = 926.5m USD
Long Term Debt = 1.60b USD (from longTermDebt, last quarter)
Short Term Debt = 45.9m USD (from shortTermDebt, last quarter)
Debt = 1.92b USD (from shortLongTermDebtTotal, last quarter) + Leases 153.2m
Net Debt = 1.76b USD (calculated: Debt 1.92b - CCE 162.3m)
Enterprise Value = 11.4b USD (9.60b + Debt 1.92b - CCE 162.3m)
Interest Coverage Ratio = 7.14 (Ebit TTM 699.1m / Interest Expense TTM 97.9m)
EV/FCF = 20.64x (Enterprise Value 11.4b / FCF TTM 550.2m)
FCF Yield = 4.85% (FCF TTM 550.2m / Enterprise Value 11.4b)
FCF Margin = 17.08% (FCF TTM 550.2m / Revenue TTM 3.22b)
Net Margin = 14.00% (Net Income TTM 451.1m / Revenue TTM 3.22b)
Gross Margin = 37.65% ((Revenue TTM 3.22b - Cost of Revenue TTM 2.01b) / Revenue TTM)
Gross Margin QoQ = 40.76% (prev 32.36%)
Tobins Q-Ratio = 2.52 (Enterprise Value 11.4b / Total Assets 4.51b)
Interest Expense / Debt = 5.10% (Interest Expense 97.9m / Debt 1.92b)
Taxrate = 23.33% (140.7m / 603.0m)
NOPAT = 536.0m (EBIT 699.1m * (1 - 23.33%))
Current Ratio = 2.12 (Total Current Assets 1.24b / Total Current Liabilities 585.6m)
Debt / Equity = 1.03 (Debt 1.92b / totalStockholderEquity, last quarter 1.86b)
Debt / EBITDA = 1.90 (Net Debt 1.76b / EBITDA 926.5m)
Debt / FCF = 3.19 (Net Debt 1.76b / FCF TTM 550.2m)
Total Stockholder Equity = 1.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.71% (Net Income 451.1m / Total Assets 4.51b)
RoE = 23.40% (Net Income TTM 451.1m / Total Stockholder Equity 1.93b)
RoCE = 19.79% (EBIT 699.1m / Capital Employed (Equity 1.93b + L.T.Debt 1.60b))
RoIC = 14.07% (NOPAT 536.0m / Invested Capital 3.81b)
WACC = 9.93% (E(9.60b)/V(11.5b) * Re(11.13%) + D(1.92b)/V(11.5b) * Rd(5.10%) * (1-Tc(0.23)))
Discount Rate = 11.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -44.54 | Cagr: -0.84%
[DCF] Terminal Value 73.04% ; FCFF base≈516.2m ; Y1≈591.7m ; Y5≈870.8m
[DCF] Fair Price = 112.6 (EV 10.3b - Net Debt 1.76b = Equity 8.49b / Shares 75.4m; r=9.93% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 13.06 | EPS CAGR: 0.71% | SUE: 1.67 | # QB: 1
Revenue Correlation: 87.89 | Revenue CAGR: 3.51% | SUE: 0.29 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.78 | Chg30d=-3.25% | Revisions=-10% | Analysts=10
EPS next Quarter (2026-12-31): EPS=1.15 | Chg30d=-3.43% | Revisions=-25% | Analysts=10
EPS current Year (2027-03-31): EPS=6.28 | Chg30d=-2.45% | Revisions=+0% | GrowthEPS=+0.1% | GrowthRev=+13.3%
EPS next Year (2028-03-31): EPS=7.38 | Chg30d=-1.95% | Revisions=-25% | GrowthEPS=+17.6% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: -17% (up=6, down=9)