Also trades as: WRN.TO (TSX) · $vol 1M

$2.18

+0.03 (+1.40%)

Weekly Expected Move ±7.8%

$2 $2 $2 $2 $3

AMEX · Basic Materials · Industrial Materials · Tech Score Strong Sell · Power 27 · $491.9M mcap · 189M float · 0.761% daily turnover · Short 42% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

Avg Target

High

Based on 2 analysts since Aug 6, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 0Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$5.50

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-04	H.C. Wainwright	Heiko Ihle	$4	$6	+2	+138.6%	$2.41
2026-08-26	UBS	—	Initiated	$5	—	+103.9%	$2.58
2025-06-18	H.C. Wainwright	Heiko Ihle	$4	$4	-0	+198.5%	$1.34
2024-09-17	H.C. Wainwright	Heiko Ihle	$2	$4	+2	+257.1%	$1.19
2022-08-31	H.C. Wainwright	—	$5	$2	-2	+100.0%	$1.25
2022-06-29	H.C. Wainwright	—	$4	$5	+0	+220.9%	$1.48
2022-06-23	H.C. Wainwright	—	Initiated	$4	—	+192.2%	$1.54

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. WRN receives an overall rating of C. Areas of concern: ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-07-25	C+	C
2026-07-01	C	C+
2026-04-28	C-	C
2026-04-07	C	C-
2026-04-02	C-	C
2026-04-01	C	C-
2026-03-10	C+	C
2026-03-09	C	C+
2026-02-24	C+	C
2026-01-03	C	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade A+

Profitability

—

Balance Sheet

Earnings Quality

Growth

—

Value

—

Momentum

—

Safety

—

Cash Flow

—

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

—

Piotroski F-Score

2/9

✗ ✗ ✗ ✓ ✗ ✓ ✗ ✗ ✗

Beneish M-Score

—

Ohlson O-Score

-8.44

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

BBB

Score: 57.0/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: 0.40x

Accruals: -1.5%

The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. WRN scores 2/9, suggesting weak financial fundamentals — the company fails the majority of these accounting tests. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. WRN's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. WRN receives an estimated rating of BBB (score: 57.0/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-107.69x

PEG

1.77x

P/S

0.00x

P/B

2.49x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. WRN currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.000

NI / EBT

Interest Burden

0.682

EBT / EBIT

EBIT Margin

—

EBIT / Rev

Asset Turnover

0.000

Rev / Assets

Equity Multiplier

1.023

Assets / Equity

ROE

-2.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. WRN's ROE of -2.6% is driven by A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$2.18

Median 1Y

$2.10

5th Pctile

$0.77

95th Pctile

$5.72

Ann. Volatility

61.8%

Analyst Target

$5.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

Revenue / Employee

—

Profit / Employee

—

NI: $-3,117,218

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-4.3%	-3.8%	-4.4%	-4.0%	-3.7%	-4.5%	-4.0%	-3.3%	-3.4%	-2.7%	-3.0%	-3.7%	-3.6%	-4.2%	-3.6%	-1.9%	-2.0%	-1.6%	-2.1%	-2.6%	-2.57%
ROA	-4.1%	-3.7%	-4.3%	-3.9%	-3.6%	-4.3%	-3.9%	-3.2%	-3.3%	-2.6%	-3.0%	-3.6%	-3.5%	-4.1%	-3.5%	-1.8%	-1.9%	-1.6%	-2.1%	-2.5%	-2.52%
ROIC	-5.9%	-6.3%	-6.8%	-6.4%	-5.4%	-5.1%	-4.6%	-4.1%	-4.0%	-3.6%	-4.2%	-5.6%	-5.9%	-6.3%	-5.9%	-5.0%	-4.7%	-4.1%	-4.5%	-4.6%	-4.63%
ROCE	-4.0%	-4.6%	-5.1%	-5.2%	-5.0%	-5.0%	-4.7%	-3.7%	-3.9%	-3.7%	-4.3%	-4.3%	-4.6%	-5.1%	-5.0%	-4.3%	-4.3%	-3.9%	-3.0%	-3.2%	-3.17%
Gross Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE 3Y Avg	snapshot only																				-2.39%
ROE 5Y Avg	snapshot only																				-2.83%
ROA 3Y Avg	snapshot only																				-2.34%
ROIC 3Y Avg	snapshot only																				-5.54%
ROIC Economic	snapshot only																				-2.51%
Cash ROA	snapshot only																				-0.85%
Cash ROIC	snapshot only																				-1.60%
CROIC	snapshot only																				-8.95%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-107.692
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.000
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.486
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PEG Ratio	snapshot only																				1.774

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	13.63	15.42	18.26	10.31	5.70	5.50	6.76	11.51	4.63	7.47	7.88	28.49	25.74	22.18	22.49	11.52	10.53	19.69	45.19	31.48	31.484
Quick Ratio	13.63	15.42	18.26	10.31	5.70	5.50	6.76	11.51	4.63	7.47	7.88	28.49	25.74	22.18	22.49	11.52	10.53	19.69	45.19	31.48	31.484
Debt/Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.003
Net Debt/Equity	-0.46	-0.42	-0.39	-0.35	-0.26	-0.21	-0.18	-0.29	-0.25	-0.23	-0.23	-0.41	-0.39	-0.36	-0.34	-0.32	-0.29	-0.26	-0.48	-0.46	-0.457
Debt/Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.003
Debt/EBITDA	-0.10	-0.09	-0.07	-0.09	-0.09	-0.08	-0.07	-0.07	-0.05	-0.04	-0.02	-0.01	-0.00	-0.01	-0.00	-0.03	-0.03	-0.03	-0.02	-0.09	-0.086
Net Debt/EBITDA	11.54	9.36	7.90	6.84	5.47	4.28	3.94	8.14	6.50	6.47	5.60	9.78	8.82	7.27	6.89	7.36	6.86	6.82	16.41	14.67	14.674
Interest Coverage	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	1.04	1.03	1.02	1.04	1.05	1.04	1.03	1.03	1.06	1.03	1.03	1.01	1.02	1.02	1.02	1.03	1.03	1.01	1.01	1.02	1.019
Cash Ratio	snapshot only																				31.215
Cash to Debt	snapshot only																				172.171
FCF to Debt	snapshot only																				-18.183
Defensive Interval	snapshot only																				5387.3 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables Turnover	0.03	0.17	0.12	0.20	0.11	52.05	0.22	58.75	80.46	0.10	0.10	0.15	0.13	0.04	0.03	0.02	0.06	0.06	0.08	0.07	0.068
DSO	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	11084	2093	2984	1805	3252	7	1639	6	5	3776	3704	2376	2734	8597	10638	16465	6604	5841	4684	5330	5330.2 days
Cash Conversion Cycle	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Fixed Asset Turnover	snapshot only																				0.000
Cash Velocity	snapshot only																				0.000

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income	-1.5%	-82.4%	-78.5%	-39.0%	-15.1%	-34.7%	-6.1%	6.0%	-1.5%	33.2%	14.5%	-47.3%	-39.8%	-1.1%	-55.2%	41.0%	36.0%	54.9%	15.6%	-71.4%	-71.44%
EPS	-92.9%	-49.1%	-59.9%	-28.2%	-14.1%	-34.6%	-5.3%	11.2%	5.4%	38.0%	21.9%	-25.7%	-14.6%	-70.9%	-30.3%	44.7%	37.0%	55.8%	20.5%	-52.0%	-52.02%
FCF	-83.7%	-98.8%	-91.7%	-92.4%	-86.3%	-58.9%	-48.7%	-31.7%	3.3%	7.6%	17.6%	14.2%	10.1%	17.3%	-6.4%	-1.2%	-19.5%	0.1%	40.6%	38.1%	38.11%
EBITDA	-76.7%	-84.6%	-79.9%	-51.5%	-19.2%	-4.6%	10.0%	15.9%	5.7%	7.0%	-16.9%	-67.9%	-68.3%	-92.5%	-60.9%	-3.2%	4.1%	22.3%	12.6%	-5.9%	-5.89%
Op. Income	-79.2%	-88.4%	-86.9%	-56.5%	-22.5%	-8.9%	8.7%	15.0%	9.0%	13.6%	-9.7%	-59.4%	-71.1%	-98.1%	-64.7%	-4.5%	5.3%	22.5%	12.5%	-6.9%	-6.91%
OCF Growth	snapshot only																				48.68%
Asset Growth	snapshot only																				44.51%
Equity Growth	snapshot only																				45.91%
Debt Growth	snapshot only																				2.02%
Shares Change	snapshot only																				12.78%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	34.9%	35.0%	35.2%	32.9%	31.7%	31.4%	29.9%	34.9%	35.3%	19.7%	21.0%	21.4%	18.5%	18.6%	19.4%	19.7%	19.5%	19.6%	35.6%	27.5%	27.54%
Assets 5Y	20.6%	20.2%	20.1%	20.2%	20.4%	20.4%	18.8%	23.5%	24.4%	25.1%	26.0%	31.7%	30.6%	30.7%	30.2%	28.6%	28.3%	18.5%	28.0%	21.4%	21.38%
Equity 3Y	33.9%	34.3%	34.5%	32.0%	29.9%	30.0%	29.2%	34.3%	33.8%	19.1%	20.1%	21.6%	19.3%	19.2%	19.7%	20.1%	20.4%	20.7%	36.5%	27.9%	27.87%
Book Value 3Y	17.2%	17.2%	17.5%	15.9%	15.1%	15.9%	15.4%	19.1%	19.4%	8.5%	12.0%	10.2%	8.8%	8.9%	9.3%	9.4%	9.5%	9.6%	22.4%	14.1%	14.10%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earnings Stability	0.05	0.07	0.19	0.20	0.27	0.36	0.41	0.43	0.53	0.39	0.46	0.78	0.88	0.78	0.82	0.47	0.48	0.18	0.62	0.38	0.376
Margin Stability	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.000
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.50	0.50	0.50	0.84	0.94	0.86	0.98	0.98	0.99	0.87	0.94	0.81	0.84	0.50	0.50	0.84	0.86	0.50	0.94	0.50	0.500
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	-0.00	-0.01	-0.01	-0.01	-0.01	-0.02	-0.01	0.00	0.00	0.02	0.01	0.00	0.00	-0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.003
Gross Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.00	1.04	0.86	0.84	0.79	0.67	0.78	0.77	0.76	0.76	0.57	0.61	0.70	0.68	0.99	1.33	0.92	1.08	0.46	0.40	0.400
FCF/OCF	3.40	3.95	4.68	5.28	6.92	7.26	7.23	8.03	6.86	8.85	9.49	5.96	4.79	3.92	3.75	4.65	6.85	5.51	5.65	5.60	5.605
FCF/Net Income	snapshot only																				2.239
CapEx/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
CapEx/Depreciation	snapshot only																				62.485
Accruals Ratio	-0.00	0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.00	0.01	-0.00	0.00	-0.01	-0.02	-0.015
Sloan Accruals	snapshot only																				0.287
Cash Flow Adequacy	snapshot only																				-0.217

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Interest Burden (EBT/EBIT)	0.79	0.72	0.74	0.75	0.75	0.91	0.87	0.82	0.80	0.65	0.63	0.73	0.68	0.72	0.63	0.43	0.46	0.42	0.60	0.68	0.682
EBIT Margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
Equity Multiplier	1.03	1.02	1.02	1.03	1.04	1.04	1.03	1.03	1.05	1.04	1.03	1.02	1.03	1.02	1.02	1.02	1.02	1.02	1.01	1.02	1.023

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$-0.02	$-0.02	$-0.03	$-0.03	$-0.03	$-0.03	$-0.03	$-0.03	$-0.03	$-0.02	$-0.02	$-0.03	$-0.03	$-0.03	$-0.03	$-0.02	$-0.02	$-0.02	$-0.02	$-0.03	$-0.03
Book Value/Share	$0.75	$0.74	$0.74	$0.73	$0.73	$0.72	$0.72	$0.83	$0.82	$0.85	$0.85	$1.02	$0.96	$0.96	$0.96	$0.96	$0.96	$0.95	$1.33	$1.24	$1.24
Tangible Book/Share	$0.75	$0.74	$0.74	$0.73	$0.73	$0.72	$0.72	$0.83	$0.82	$0.85	$0.85	$1.02	$0.96	$0.96	$0.96	$0.96	$0.96	$0.95	$1.33	$1.24	$1.24
Revenue/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
FCF/Share	$-0.08	$-0.10	$-0.11	$-0.13	$-0.15	$-0.16	$-0.17	$-0.16	$-0.13	$-0.14	$-0.12	$-0.12	$-0.10	$-0.09	$-0.11	$-0.11	$-0.12	$-0.09	$-0.06	$-0.06	$-0.06
OCF/Share	$-0.02	$-0.03	$-0.02	$-0.02	$-0.02	$-0.02	$-0.02	$-0.02	$-0.02	$-0.02	$-0.01	$-0.02	$-0.02	$-0.02	$-0.03	$-0.02	$-0.02	$-0.02	$-0.01	$-0.01	$-0.01
Cash/Share	$0.35	$0.32	$0.29	$0.26	$0.20	$0.15	$0.13	$0.24	$0.20	$0.20	$0.20	$0.42	$0.38	$0.35	$0.33	$0.30	$0.28	$0.25	$0.64	$0.57	$0.57
EBITDA/Share	$-0.03	$-0.03	$-0.04	$-0.04	$-0.04	$-0.03	$-0.03	$-0.03	$-0.03	$-0.03	$-0.03	$-0.04	$-0.04	$-0.05	$-0.05	$-0.04	$-0.04	$-0.04	$-0.04	$-0.04	$-0.04
Debt/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Net Debt/Share	$-0.34	$-0.31	$-0.29	$-0.26	$-0.19	$-0.15	$-0.13	$-0.24	$-0.20	$-0.20	$-0.20	$-0.42	$-0.38	$-0.35	$-0.33	$-0.30	$-0.28	$-0.25	$-0.64	$-0.57	$-0.57

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	2	0	1	2	1	2	2	4	3	4	4	3	3	3	3	1	2	1	3	2	2
Beneish M-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Ohlson O-Score	snapshot only																				-8.439
ROIC (Greenblatt)	snapshot only																				-3.17%
Net-Net WC	snapshot only																				$0.55
EVA	snapshot only																				$-22205925.94

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB
Credit Score	56.44	53.99	55.65	54.66	57.11	55.87	57.40	56.65	58.39	57.41	59.09	58.24	59.58	58.71	59.66	58.98	59.25	57.17	58.02	57.03	57.030
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				-1.947
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				48
Sector Credit Rank	snapshot only																				46

WRN AMEX

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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