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Wilh. Wilhelmsen Holding

DB:WML2
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WML2
DB
NOK7B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide. The last earnings update was 77 days ago. More info.


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WML2 Share Price and Events
7 Day Returns
0.4%
DB:WML2
-1.2%
Europe Shipping
-0.9%
DE Market
1 Year Returns
-
DB:WML2
-8.4%
Europe Shipping
-7.4%
DE Market
WML2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wilh. Wilhelmsen Holding (WML2) 0.4% 0% -8.4% - - -
Europe Shipping -1.2% -0.9% -5.7% -8.4% 4.6% -23.8%
DE Market -0.9% -0.4% -3.7% -7.4% 8.1% 12%
1 Year Return vs Industry and Market
  • No trading data on WML2.
  • No trading data on WML2.
Price Volatility
WML2
Industry
5yr Volatility vs Market

Value

 Is Wilh. Wilhelmsen Holding 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 Wilh. Wilhelmsen Holding 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 Wilh. Wilhelmsen Holding.

DB:WML2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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 DB:WML2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.723 (1 + (1- 23%) (95.24%))
1.17
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.17 * 5.96%)
7.2%

Discounted Cash Flow Calculation for DB:WML2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wilh. Wilhelmsen Holding 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.

DB:WML2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.2%)
2020 50.00 Analyst x1 46.64
2021 54.00 Analyst x1 46.99
2022 56.95 Est @ 5.46% 46.22
2023 59.16 Est @ 3.89% 44.80
2024 60.81 Est @ 2.79% 42.95
2025 62.04 Est @ 2.02% 40.88
2026 62.96 Est @ 1.48% 38.70
2027 63.66 Est @ 1.11% 36.50
2028 64.19 Est @ 0.84% 34.33
2029 64.62 Est @ 0.66% 32.24
Present value of next 10 years cash flows $410.24
DB:WML2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $64.62 × (1 + 0.23%) ÷ (7.2% – 0.23%)
$928.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $928.78 ÷ (1 + 7.2%)10
$463.36
DB:WML2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $410.24 + $463.36
$873.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $873.61 / 46.40
$18.83
DB:WML2 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:WWI)
8.686
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $18.83 x 8.686
NOK163.53
Non-primary Listing Adjustment Factor 1 share in DB:WML2 represents 0.09965x of OB:WWI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09965x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 163.53 x 0.09965
€16.30
Value per share (EUR) From above. €16.30
Current discount Discount to share price of €14.25
= -1 x (€14.25 - €16.30) / €16.30
12.6%

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

Current Discount
Amount off the current price Wilh. Wilhelmsen Holding is available for.
Intrinsic value
13%
Share price is €14.25 vs Future cash flow value of €16.3
Current Discount Checks
For Wilh. Wilhelmsen Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wilh. Wilhelmsen Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Wilh. Wilhelmsen Holding's share price is below the future cash flow value, but not 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 Wilh. Wilhelmsen Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wilh. Wilhelmsen Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WML2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-3.04
OB:WWI Share Price ** OB (2019-07-22) in NOK NOK143
OB:WWI Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.115 $16.46
Europe Shipping Industry PE Ratio Median Figure of 21 Publicly-Listed Shipping Companies 13.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

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

** Primary Listing of Wilh. Wilhelmsen Holding.

DB:WML2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:WWI Share Price ÷ EPS (both in USD)

= 16.46 ÷ -3.04

-5.42x

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

  • Wilh. Wilhelmsen Holding is loss making, we can't compare its value to the Europe Shipping industry average.
  • Wilh. Wilhelmsen Holding is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Wilh. Wilhelmsen Holding's expected growth come at a high price?
Raw Data
DB:WML2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
73.3%per year
Europe Shipping Industry PEG Ratio Median Figure of 12 Publicly-Listed Shipping Companies 0.88x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.43x

*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 Wilh. Wilhelmsen Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wilh. Wilhelmsen Holding's assets?
Raw Data
DB:WML2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $39.93
OB:WWI Share Price * OB (2019-07-22) in NOK NOK143
OB:WWI Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.115 $16.46
Europe Shipping Industry PB Ratio Median Figure of 30 Publicly-Listed Shipping Companies 0.78x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.72x
DB:WML2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:WWI Share Price ÷ Book Value per Share (both in USD)

= 16.46 ÷ 39.93

0.41x

* Primary Listing of Wilh. Wilhelmsen Holding.

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

  • Wilh. Wilhelmsen Holding is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Wilh. Wilhelmsen Holding'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Wilh. Wilhelmsen Holding has a total score of 1/6, 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.

Future Performance

 How is Wilh. Wilhelmsen Holding expected to perform in the next 1 to 3 years based on estimates from 2 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
73.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wilh. Wilhelmsen Holding expected to grow at an attractive rate?
  • Wilh. Wilhelmsen Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wilh. Wilhelmsen Holding's earnings growth is expected to exceed the Germany market average.
  • Wilh. Wilhelmsen Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WML2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WML2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 73.3%
DB:WML2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.2%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 19.9%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:WML2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WML2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 987 94 128 1
2020-12-31 967 83 133 2
2019-12-31 931 106 92 1
DB:WML2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 849 87 -141
2018-12-31 867 62 -69
2018-09-30 845 182 7
2018-06-30 776 137 -87
2018-03-31 703 53 278
2017-12-31 632 70 182
2017-09-30 601 -61 206
2017-06-30 681 43 250
2017-03-31 774 295 110
2016-12-31 867 420 119
2016-09-30 1,063 447 165
2016-06-30 980 391 -42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wilh. Wilhelmsen Holding's earnings are expected to grow significantly at over 20% yearly.
  • Wilh. Wilhelmsen Holding's revenue is expected to grow by 5.2% 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
DB:WML2 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 2 Analyst Estimates (S&P Global) See Below

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

DB:WML2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.76 2.76 2.76 1.00
2020-12-31 2.88 3.72 2.03 2.00
2019-12-31 1.99 1.99 1.99 1.00
DB:WML2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -3.04
2018-12-31 -1.49
2018-09-30 0.15
2018-06-30 -1.87
2018-03-31 5.99
2017-12-31 3.92
2017-09-30 4.44
2017-06-30 5.39
2017-03-31 2.37
2016-12-31 2.56
2016-09-30 3.56
2016-06-30 -0.91

*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.
  • Wilh. Wilhelmsen Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wilh. Wilhelmsen Holding'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.
Wilh. Wilhelmsen Holding has a total score of 3/6, 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.

Past Performance

  How has Wilh. Wilhelmsen Holding 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 Wilh. Wilhelmsen Holding's growth in the last year to its industry (Shipping).
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.
  • Wilh. Wilhelmsen Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Wilh. Wilhelmsen Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Wilh. Wilhelmsen Holding's 1-year growth to the Europe Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Wilh. Wilhelmsen Holding'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 Wilh. Wilhelmsen Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WML2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 849.00 -141.00 4.00
2018-12-31 867.00 -69.00 4.00
2018-09-30 845.00 7.00 4.00
2018-06-30 776.00 -87.00 4.00
2018-03-31 703.00 278.00 4.00
2017-12-31 632.00 182.00 4.00
2017-09-30 601.00 206.00 5.00
2017-06-30 681.00 250.00 5.00
2017-03-31 774.00 110.00 5.00
2016-12-31 867.00 119.00 5.00
2016-09-30 1,063.00 165.00 7.00
2016-06-30 980.00 -42.00 7.00
2016-03-31 1,115.00 0.00 7.00
2015-12-31 1,247.00 54.00 7.00
2015-09-30 1,251.00 74.00 8.00
2015-06-30 1,501.00 306.00 8.00
2015-03-31 1,517.00 270.00 8.00
2014-12-31 1,533.00 241.00 8.00
2014-09-30 1,538.00 179.00 9.00
2014-06-30 1,522.00 196.00 9.00
2014-03-31 1,518.00 245.00 9.00
2013-12-31 1,513.00 260.00 9.00
2013-09-30 1,517.00 227.00 9.00
2013-06-30 1,538.00 330.00 9.00
2013-03-31 1,549.00 314.00 9.00
2012-12-31 1,568.00 329.00 9.00
2012-09-30 1,703.00 356.00 11.00

*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 Wilh. Wilhelmsen Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Wilh. Wilhelmsen Holding has efficiently used its assets last year compared to the Europe Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Wilh. Wilhelmsen Holding 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 Wilh. Wilhelmsen Holding'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 Shipping 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.
Wilh. Wilhelmsen Holding 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.

Health

 How is Wilh. Wilhelmsen Holding'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 Wilh. Wilhelmsen Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wilh. Wilhelmsen Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wilh. Wilhelmsen Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wilh. Wilhelmsen Holding'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x 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 Wilh. Wilhelmsen Holding Company Filings, last reported 3 months ago.

DB:WML2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,051.00 498.00 252.00
2018-12-31 2,017.00 529.00 140.00
2018-09-30 2,111.00 583.00 269.00
2018-06-30 2,027.00 591.00 266.00
2018-03-31 2,361.00 621.00 270.00
2017-12-31 2,187.00 601.00 268.00
2017-09-30 2,181.00 632.00 283.00
2017-06-30 2,128.00 234.00 326.00
2017-03-31 2,544.00 1,469.00 565.00
2016-12-31 2,492.00 1,533.00 581.00
2016-09-30 2,461.00 1,798.00 706.00
2016-06-30 2,377.00 1,779.00 719.00
2016-03-31 2,366.00 1,637.00 612.00
2015-12-31 2,206.00 1,660.00 638.00
2015-09-30 2,090.00 1,704.00 669.00
2015-06-30 2,422.00 1,746.00 723.00
2015-03-31 2,364.00 1,692.00 723.00
2014-12-31 2,329.00 1,693.00 688.00
2014-09-30 2,396.00 1,870.00 778.00
2014-06-30 2,364.00 1,875.00 749.00
2014-03-31 2,359.00 1,854.00 741.00
2013-12-31 2,286.00 1,851.00 734.00
2013-09-30 2,249.00 1,887.00 743.00
2013-06-30 2,132.00 1,911.00 717.00
2013-03-31 2,128.00 1,930.00 718.00
2012-12-31 2,077.00 2,021.00 790.00
2012-09-30 2,062.00 2,064.00 910.00
  • Wilh. Wilhelmsen Holding's level of debt (24.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (78.6% vs 24.3% today).
  • Debt is not well covered by operating cash flow (17.5%, less than 20% of total debt).
  • Wilh. Wilhelmsen Holding is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Wilh. Wilhelmsen Holding'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. Wilh. Wilhelmsen Holding has a total score of 3/6, 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.

Dividends

 What is Wilh. Wilhelmsen Holding'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
3.11%
Current annual income from Wilh. Wilhelmsen Holding dividends. Estimated to be 3.81% next year.
If you bought €2,000 of Wilh. Wilhelmsen Holding shares you are expected to receive €62 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?
  • Wilh. Wilhelmsen Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Wilh. Wilhelmsen Holding's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
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
DB:WML2 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 2 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:WML2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.57 1.00
2020-12-31 0.69 2.00
2019-12-31 0.57 1.00
DB:WML2 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.512 3.012
2018-05-08 0.683 3.354
2018-03-23 0.675 2.326
2018-02-15 0.697 2.333
2017-11-08 0.596 2.001
2017-03-23 0.576 2.042
2017-02-09 0.581 2.322
2016-11-10 0.572 2.536
2015-11-11 0.557 3.379
2015-03-27 0.577 3.020
2015-02-13 0.599 3.186
2014-11-11 0.640 3.123
2014-04-01 0.729 2.685
2014-02-13 0.818 2.547
2013-11-06 0.874 2.823
2013-03-22 0.880 3.241
2013-02-14 0.941 3.224
2012-03-30 1.305 5.456
2012-02-15 1.373 5.374
2011-11-15 0.906 4.007
2011-04-01 0.674 2.898
2011-02-16 0.694 2.416
2010-11-11 1.128 4.503
2010-08-12 1.103 6.032
2010-06-22 0.345 1.972
2010-04-15 0.299 1.511
2010-03-15 0.345 1.401
2010-02-11 0.345 1.462
2009-11-03 0.000 0.000
2009-08-06 0.000 0.000
2009-05-07 0.533 3.411
2009-04-16 0.502 3.855
2009-02-12 0.502 4.829

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wilh. Wilhelmsen Holding's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Wilh. Wilhelmsen Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Wilh. Wilhelmsen Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wilh. Wilhelmsen Holding has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Wilh. Wilhelmsen Holding'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
Tom Wilhelmsen
COMPENSATION $1,275,000
AGE 45
TENURE AS CEO 8.8 years
CEO Bio

Mr. Thomas Wilhelmsen, also known as Tom, has been Deputy Chief Executive Officer at Wilh. Wilhelmsen ASA since 2009. Mr. Wilhelmsen has been Group Chief Executive Officer of Wilh. Wilhelmsen Holding ASA since October 1, 2010. He has about 6 years experience from Wilh. Wilhelmsen ASA. He served as Deputy Group Chief Executive Officer of Wilh. Wilhelmsen Holding ASA from 2009 to October 1, 2010 and served as its Group Vice President of Shipping from April 1, 2007 to June 1, 2010. He served as Managing Director of Tudor AS' investments in Australia. He served as Regional Vice President of Barwil Unitor Ships Service from 2005 to 2007, as Regional Director of Europe at Wilhelmsen Maritime Services AS since 2005, Commercial Manager, Shipowning at Wilh. Wilhelmsen ASA from 2004 to 2005, Managing Director of Wilh. Wilhelmsen Investments, Australia from 2001 to 2004 and Regional Pricing & Marketing Analyst of Wallenius Wilhelmsen, Australia from 1999 to 2001. He served as Regional Vice President for Northern Europe in Barwil Unitor Ships Service, part of Wilhelmsen Maritime Services (WMS). He served as Group Vice President of Shipping at Wilhelmsen. He serves as the Chairman at Treasure ASA. He served as the Chairman of Wilh. Wilhelmsen ASA from 2010 to April 4, 2017. He has been a Director of Wilh. Wilhelmsen ASA since 2010. He serves as a Member of the board in several group companies, family owned companies and others like i.e. Eidsiva Rederi ASA. He served as a Director of Wilh. Wilhelmsen Holding ASA. He served as a Director of Norwegian Car Carriers ASA since June 05, 2007. He has completed Programme for Executive Development, IMD, Switzerland in 2004, Developing General Management Potentional at Cranfield University, England in 2001 and Management Centre Europe, Belgium in 2001 and has a Master of Arts (Hons) in Business Organization from Heriot-Watt University, Scotland from 1995 to 1999.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is about average for companies of similar size in Germany.
Management Team

Tom Wilhelmsen

TITLE
Group CEO
COMPENSATION
$1M
AGE
45
TENURE
8.8 yrs

Christian Berg

TITLE
Group Chief Financial Officer
COMPENSATION
$644K
AGE
50
TENURE
3.3 yrs

Bjorge Grimholt

TITLE
President & CEO of Wilhelmsen Ships Service (WSS)
COMPENSATION
$631K

Carl Schou

TITLE
President & CEO of Wilhelmsen Ship Management (WSM)
COMPENSATION
$481K

John Stangeland

TITLE
Chief Executive Officer of NorSea Group
COMPENSATION
$362K

Age Holm

TITLE
Vice President of Finance & Investor Relations

Bjorn Berggrav

TITLE
Vice President of Legal

Benedicte Gude

TITLE
Senior Vice President of HR & Communications

Jan Wang

TITLE
Senior Vice President of Industrial Investments
COMPENSATION
$1M
AGE
62

Bjørn Tønsberg

TITLE
President of Barwil Agencies
Board of Directors Tenure

Average tenure and age of the Wilh. Wilhelmsen Holding board of directors in years:

3.2
Average Tenure
63
Average Age
  • The tenure for the Wilh. Wilhelmsen Holding board of directors is about average.
Board of Directors

Diderik Schnitler

TITLE
Chairman
AGE
73
TENURE
9.3 yrs

Carl Steen

TITLE
Director
AGE
68
TENURE
8.3 yrs

Irene Basili

TITLE
Director
AGE
52
TENURE
3.2 yrs

Cathrine Wilhelmsen

TITLE
Director
TENURE
2.3 yrs

Trond Westlie

TITLE
Director
AGE
58
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Wilh. Wilhelmsen Holding'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. Wilh. Wilhelmsen Holding 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.

News

Simply Wall St News

Company Info

Description

Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide. The company’s Maritime Services segment offers marine products, ship agency services, and logistics to the merchant fleet, as well as ship management services, including manning for various vessel types. Its Supply Services segment engages in the operation of supply bases for the oil industry; development and operation of real estate properties on and off the supply bases; and maintenance of rigs and handling of logistics related to international pipeline projects and windmill parks. The company’s marine products include Unitor chemicals and equipment to clean vessels; Unitor fuel treatment chemicals; Unitor oil spill kits and other damage control products; Unitor cylinders; Timm ropes; Unitor equipment for the maintenance and performance vessels; and Nalfleet water treatment products to treat and protect on board systems, as well as Unicool refrigerants. It also provides marine insurance services; and maritime training solutions. Wilh. Wilhelmsen Holding ASA was founded in 1861 and is headquartered in Lysaker, Norway. Wilh. Wilhelmsen Holding ASA is a subsidiary of Tallyman AS.

Details
Name: Wilh. Wilhelmsen Holding ASA
WML2
Exchange: DB
Founded: 1861
NOK675,758,178
46,403,824
Website: http://www.wilhelmsen.com
Address: Wilh. Wilhelmsen Holding ASA
Strandveien 20,
Lysaker,
Akershus, 1366,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB WWI Class A Shares Oslo Bors NO NOK 02. Jan 1992
DB WML1 Class A Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0P0T Class A Shares London Stock Exchange GB NOK 02. Jan 1992
OB WWIB Class B Shares Oslo Bors NO NOK 02. Jan 1992
OTCPK WLLS.F Class B Shares Pink Sheets LLC US USD 02. Jan 1992
DB WML2 Class B Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0P0O Class B Shares London Stock Exchange GB NOK 02. Jan 1992
Number of employees
Current staff
Staff numbers
14,085
Wilh. Wilhelmsen Holding employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:21
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
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.