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WillScot

BST:WS11
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WS11
BST
$1B
Imp Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. The last earnings update was 25 days ago. More info.


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WS11 Share Price and Events
7 Day Returns
0%
BST:WS11
1.7%
DE Construction
1.9%
DE Market
1 Year Returns
-19.9%
BST:WS11
-11.9%
DE Construction
-6.5%
DE Market
WS11 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
WillScot (WS11) 0% 0% -6% -19.9% - -
DE Construction 1.7% -5.5% 10% -11.9% 17.8% 100.2%
DE Market 1.9% 3.8% 8.5% -6.5% 13% 13.5%
1 Year Return vs Industry and Market
  • WS11 underperformed the Construction industry which returned -11.9% over the past year.
  • WS11 underperformed the Market in Germany which returned -6.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

WS11 Value

 Is WillScot undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of WillScot to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for WillScot.

BST:WS11 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:WS11
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.032 (1 + (1- 21%) (121.76%))
1.687
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.687 * 5.96%)
10.28%

Discounted Cash Flow Calculation for BST:WS11 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for WillScot is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:WS11 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.28%)
2019 102.40 Analyst x2 92.85
2020 182.83 Analyst x3 150.33
2021 254.99 Est @ 39.47% 190.11
2022 325.61 Est @ 27.69% 220.13
2023 388.95 Est @ 19.45% 238.44
2024 442.18 Est @ 13.69% 245.80
2025 484.85 Est @ 9.65% 244.39
2026 517.93 Est @ 6.82% 236.73
2027 543.02 Est @ 4.84% 225.05
2028 561.81 Est @ 3.46% 211.13
Present value of next 10 years cash flows $2,054.98
BST:WS11 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $561.81 × (1 + 0.23%) ÷ (10.28% – 0.23%)
$5,600.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,600.83 ÷ (1 + 10.28%)10
$2,104.85
BST:WS11 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,054.98 + $2,104.85
$4,159.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,159.83 / 116.53
$35.7
BST:WS11 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:WS11 represents 0.75022x of NasdaqCM:WSC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.75022x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 35.70 x 0.75022
€26.78
Value per share (EUR) From above. €26.78
Current discount Discount to share price of €8.74
= -1 x (€8.74 - €26.78) / €26.78
67.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price WillScot is available for.
Intrinsic value
>50%
Share price is €8.74 vs Future cash flow value of €26.78
Current Discount Checks
For WillScot to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • WillScot's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • WillScot's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for WillScot's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are WillScot's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:WS11 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.59
NasdaqCM:WSC Share Price ** NasdaqCM (2019-01-10) in USD $11.65
Europe Construction Industry PE Ratio Median Figure of 94 Publicly-Listed Construction Companies 10.38x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of WillScot.

BST:WS11 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:WSC Share Price ÷ EPS (both in USD)

= 11.65 ÷ -0.59

-19.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WillScot is loss making, we can't compare its value to the Europe Construction industry average.
  • WillScot is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does WillScot's expected growth come at a high price?
Raw Data
BST:WS11 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
137.2%per year
Europe Construction Industry PEG Ratio Median Figure of 46 Publicly-Listed Construction Companies 1.14x
Germany Market PEG Ratio Median Figure of 274 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for WillScot, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on WillScot's assets?
Raw Data
BST:WS11 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.88
NasdaqCM:WSC Share Price * NasdaqCM (2019-01-10) in USD $11.65
Europe Construction Industry PB Ratio Median Figure of 130 Publicly-Listed Construction Companies 1.16x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.83x
BST:WS11 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:WSC Share Price ÷ Book Value per Share (both in USD)

= 11.65 ÷ 5.88

1.98x

* Primary Listing of WillScot.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • WillScot is overvalued based on assets compared to the Europe Construction industry average.
X
Value checks
We assess WillScot's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. WillScot has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WS11 Future Performance

 How is WillScot expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
137.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is WillScot expected to grow at an attractive rate?
  • WillScot's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • WillScot's earnings growth is expected to exceed the Germany market average.
  • WillScot's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:WS11 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:WS11 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 137.2%
BST:WS11 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 15.3%
Europe Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
Europe Construction Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:WS11 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:WS11 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,206 2
2020-12-31 1,157 250 78 6
2019-12-31 1,088 180 12 6
BST:WS11 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 751 37 -51
2018-09-30 614 -33 -166
2018-06-30 512 -7 -146
2018-03-31 481 -22 -156
2017-12-31 446 -1 -162
2017-09-30 306 37 -93
2017-06-30 341 45 -77
2017-03-31 378 65 -72
2016-12-31 427 59 -63

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • WillScot's earnings are expected to grow significantly at over 20% yearly.
  • WillScot's revenue is expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:WS11 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from WillScot Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:WS11 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.49 1.49 1.49 1.00
2020-12-31 0.63 0.72 0.53 3.00
2019-12-31 0.07 0.09 0.05 2.00
BST:WS11 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.59
2018-09-30 -2.36
2018-06-30 -2.84
2018-03-31 -4.41
2017-12-31 -8.22
2017-09-30 -3.65
2017-06-30 -3.54
2017-03-31 -3.93
2016-12-31 -4.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • WillScot is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess WillScot's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
WillScot has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WS11 Past Performance

  How has WillScot performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare WillScot's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • WillScot does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare WillScot's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare WillScot's 1-year growth to the Europe Construction industry average as it is not currently profitable.
Earnings and Revenue History
WillScot's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from WillScot Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:WS11 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 751.41 -51.18 204.81
2018-09-30 614.39 -166.27 179.24
2018-06-30 511.63 -146.18 156.33
2018-03-31 481.37 -156.16 148.29
2017-12-31 445.94 -162.35 138.47
2017-09-30 306.25 -93.03 111.21
2017-06-30 340.82 -77.27 116.21
2017-03-31 378.34 -71.53 124.43
2016-12-31 426.61 -63.13 130.67
2015-12-31 453.34 -68.95 139.36
2014-12-31 644.42 -88.61 161.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if WillScot has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • WillScot used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.
  • It is difficult to establish if WillScot improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess WillScot's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
WillScot has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WS11 Health

 How is WillScot's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up WillScot's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • WillScot's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • WillScot's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of WillScot's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from WillScot Company Filings, last reported 3 months ago.

BST:WS11 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 702.20 1,684.40 8.96
2018-09-30 730.71 1,653.49 9.77
2018-06-30 476.62 686.52 8.18
2018-03-31 478.10 664.08 2.86
2017-12-31 484.55 626.75 9.19
2017-09-30 7.61 1,468.76 10.82
2017-06-30 12.84 1,458.59 5.99
2017-03-31 23.13 1,334.82 2.35
2016-12-31 23.13 1,334.82 2.35
2015-12-31 55.35 1,382.32 9.30
2014-12-31
  • WillScot's level of debt (239.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if WillScot's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • WillScot has less than a year of cash runway based on current free cash flow.
  • WillScot has less than a year of cash runway if free cash flow continues to grow at historical rates of 61.2% each year.
X
Financial health checks
We assess WillScot's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. WillScot has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WS11 Dividends

 What is WillScot's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from WillScot dividends. Estimated to be 0% next year.
If you bought €2,000 of WillScot shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate WillScot's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate WillScot's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:WS11 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Construction Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:WS11 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as WillScot has not reported any payouts.
  • Unable to verify if WillScot's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of WillScot's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as WillScot has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of WillScot's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess WillScot's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can WillScot afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. WillScot has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WS11 Management

 What is the CEO of WillScot's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Soultz
COMPENSATION $959,651
AGE 49
TENURE AS CEO 1.4 years
CEO Bio

Mr. Bradley Lee Soultz, also known as Brad, is CEO & President at Williams Scotsman International, Inc. He has been the President, Chief Executive Officer and Director of WillScot Corporation since November 2017. Prior thereto, he served as president and CEO of WSII from January 2014 to November 2017. Mr. Soultz served as President and Chief Executive Officer at Williams Scotsman International, Inc since joining in January 2014 until November 2017. Mr. Soultz was responsible for all strategic and operational aspects of the WSII’s businesses in the United States, Canada and Mexico. Mr. Soultz served as the President of Americas at Algeco Scotsman, Inc. and Algeco Scotsman Global S.a.r.l. Mr. Soultz is responsible for all strategic and operational aspects of North and South American businesses at Algeco. He has been Chief Strategy & Commercial Officer and Vice President of Novelis South America Holdings, LLC since May 15, 2013. He serves as the President at Williams Scotsman, Inc. and also served as its President of North American Operations. He joined Algeco Scotsman in January 2014. Mr. Soulz served as President of AS North America Business at Algeco/Scotsman Holding S.à r.l. and Algeco Scotsman Inc since January 13, 2014. Mr. Soultz served as Chief Strategy Officer, Chief Commercial Officer and Vice President of Novelis North America Holdings Inc. since May 2013. He was responsible for developing Novelis' global strategy and leading the global commercial organizations, with a focus on growing the company's sales and customer base. He has a multinational background, having worked in Asia, Europe and North America. Prior to Novelis, he served as Managing Director of Cummins Inc. Mr. Soultz served as Vice President and Chief Strategy & Commercial Officer at Novelis Inc. since May 15, 2013. Since joining Novelis in 2005, Mr. Soultz has held a number of leadership positions, serving as vice president, global supply chain. He has also served as vice president, Global Specialty Products; vice president and general manager of Novelis' Automotive and Specialty Products businesses in North America; and vice president and general manager for Light-Gauge Products in North America. He started his career with Cummins Inc. where he served various positions in product development, sales, strategy and procurement in North America and as the Director of Global Procurement based in the Czech Republic. He is a graduate of Purdue University with a B.S. degree in Agricultural Engineering.

CEO Compensation
  • Insufficient data for Brad to compare compensation growth.
  • Insufficient data for Brad to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the WillScot management team in years:

1.4
Average Tenure
44
Average Age
  • The average tenure for the WillScot management team is less than 2 years, this suggests a new team.
Management Team

Tim Boswell

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
39
TENURE
1.4 yrs

Bradley Bacon

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$220K
AGE
44
TENURE
1.4 yrs

Brad Soultz

TITLE
President
COMPENSATION
$960K
AGE
49
TENURE
1.4 yrs

Sally Shanks

TITLE
Chief Accounting Officer & Treasurer
AGE
41
TENURE
1.4 yrs

Joe Donegan

TITLE
Executive Vice President of US Field Operations
COMPENSATION
$854K
AGE
67
TENURE
17.9 yrs

John Simard

TITLE
Regional Vice President of Northeast
Board of Directors Tenure

Average tenure and age of the WillScot board of directors in years:

1.4
Average Tenure
66
Average Age
  • The average tenure for the WillScot board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gerry Holthaus

TITLE
Non-Executive Chairman
COMPENSATION
$2M
AGE
68
TENURE
1.4 yrs

Brad Soultz

TITLE
President
COMPENSATION
$960K
AGE
49
TENURE
1.4 yrs

Jeff Sagansky

TITLE
Independent Director
AGE
66
TENURE
3.8 yrs

Mark Bartlett

TITLE
Independent Director
AGE
67
TENURE
1.4 yrs

Fred Rosen

TITLE
Independent Director
AGE
74
TENURE
3.6 yrs

Gary Lindsay

TITLE
Non-Independent Director
AGE
38
TENURE
1.4 yrs

Stephen Robertson

TITLE
Non-Independent Director
AGE
58
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by WillScot insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Buy TDR Capital LLP Company 22. Mar 19 22. Mar 19 100,000 €10.23 €1,022,637
22. Mar 19 Buy Jeffrey Sagansky Individual 21. Mar 19 21. Mar 19 20,000 €10.30 €206,071
22. Mar 19 Buy Mark Bartlett Individual 20. Mar 19 22. Mar 19 35,000 €10.25 €358,144
22. Mar 19 Buy Gerard Holthaus Individual 19. Mar 19 21. Mar 19 25,000 €10.29 €251,317
21. Mar 19 Buy Bradley Soultz Individual 19. Mar 19 20. Mar 19 35,000 €10.00 €345,102
14. Dec 18 Sell Jeffrey Sagansky Individual 12. Dec 18 12. Dec 18 -150,000 €10.63 €-1,595,104
15. Dec 18 Buy Mark Bartlett Individual 13. Dec 18 13. Dec 18 25,000 €10.52 €263,109
10. May 18 Buy Mark Bartlett Individual 08. May 18 08. May 18 25,000 €10.61 €265,303
X
Management checks
We assess WillScot's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. WillScot has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WS11 News

Simply Wall St News

WS11 Company Info

Description

WillScot Corporation, through its subsidiaries, provides various specialty rental services in the United States, Canada, and Mexico. It is involved in the leasing and sale of mobile offices, modular buildings, and storage products. The company offers various modular space units, including panelized and stackable offices, single-wide modular space units, section modulars and redi-plex complexes, classrooms, container offices, and other modular spaces; and portable storage units, such as shipping containers with swing doors. It also provides value-added products and services, such as steps, ramps, furniture packages, damage waivers, basic appliances, Internet connectivity devices, and other amenities rental services; and delivery, site-work, installation, disassembly, unhooking and removal, and other ancillary products and services. In addition, the company sells new and used units. It serves customers in the commercial, industrial, construction, infrastructure, education, energy, natural resources, government, logistics, furniture rental, facilities management and rental, and commercial real estate sectors primarily under the Williams Scotsman name. The company’s fleet comprises approximately 160,000 modular space and portable storage units. WillScot Corporation is headquartered in Baltimore, Maryland.

Details
Name: WillScot Corporation
WS11
Exchange: BST
Founded:
$1,227,430,388
$1,142,843,992
116,533,416
Website: http://www.willscot.com
Address: WillScot Corporation
901 South Bond Street,
Suite 600,
Baltimore,
Maryland, 21231,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM WSC Class A Common Stock Nasdaq Capital Market US USD 30. Nov 2017
BST WS11 Class A Common Stock Boerse-Stuttgart DE EUR 30. Nov 2017
Number of employees
Current staff
Staff numbers
2,000
WillScot employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/09 21:58
End of day share price update: 2019/01/10 00:00
Last estimates confirmation: 2019/04/02
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.