WDAY WDAY

Name: WDAY Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 7, 2026

Price at analysis: $127.82

Crucible Score

69.7

Quality × Value Composite

KQI — Quality

71.2

Fundamental Quality Index

KVI — Value

67.8

B-

Valuation Attractiveness Index

Crucible Verdict — WDAY

WDAY scores a solid B grade with its strongest asset being an impressive 84-rated moat durability, though this is offset by weak diversification at just 53. The stock trades at a 28% discount to fair value despite CEO Aneel Bhusri's exceptional 92% earnings beat rate over his long tenure. The valuation gap suggests the market is overlooking WDAY's competitive advantages.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

61.9

Growth Profile

77.7

Moat Durability

83.5

Management Effectiveness

67.2

Diversification & Resilience

53.2

Market Position

64.0

Weakest dimension: Diversification & Resilience (53.2)

◆ KVI Value Dimensions

DCF Margin of Safety

75.5

FCF Yield & Cash Returns

87.0

Relative Valuation

47.4

Growth-Adjusted Value

44.5

Historical Valuation

81.0

Macro Context

51.6

◆ DCF Valuation Scenarios

Bear Case

$108.52

Base Case

$163.74

Bull Case

$237.89

Price at Analysis

$127.82

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$108.52	8.0%	18.0%	10.7%
🟢 Base	$163.74	11.0%	22.0%	10.0%
🟢 Bull	$237.89	14.0%	26.0%	9.3%

Key Assumptions: Revenue growth anchored to historical 5-year CAGR of ~13%, decelerating over the projection period as WDAY matures. Operating margins expand from ~10.7% toward 18-26% terminal levels reflecting SaaS operating leverage, though well below gross margins given continued R&D and sales investment. WACC uses CAPM with 5.5% ERP and 1.14 beta, with bear/bull adjusting +/-70bps; tax rate normalized to 20% reflecting expected long-term effective rate as NOLs diminish. FCF conversion remains strong given low capex intensity (~2% of revenue) consistent with asset-light SaaS model.

◆ Financial Snapshot

Profitability

Gross Margin75.7%

Operating Margin8.9%

Net Margin7.3%

ROIC5.3%

ROE-7.4%

Balance Sheet

Balance SheetCR: 1.32

Cash ConversionFCF/EPS: 4.01x

Capital IntensityCapex/Rev: 1.7%

Altman Z-Score2.83 (Grey)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR16.8% CAGR

Earnings CAGR188.0% CAGR

Growth ConsistencyCV: 0.33

Segment Breadth1/2 growing (50%)

Quarterly TrendMargin∆, WC↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOAneel Bhusri · 21 years

CEO Ownership70.0%

Compensation96% performance-based

Insider ActivitySelling

Capital AllocationROIC 5.3% vs WACC 2.4%

Earnings Beat Rate92% (19/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.