LSE:OCN

Stock Analysis Report

Executive Summary

Ocean Wilsons Holdings Limited, an investment holding company, provides maritime and logistics services in Brazil.

Snowflake

Fundamentals

Good value with adequate balance sheet and pays a dividend.

Share Price & News

How has Ocean Wilsons Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

OCN

1.0%

GB Infrastructure

1.1%

GB Market


1 Year Return

-19.8%

OCN

7.5%

GB Infrastructure

2.7%

GB Market

Return vs Industry: OCN underperformed the UK Infrastructure industry which returned 7.5% over the past year.

Return vs Market: OCN underperformed the UK Market which returned 2.7% over the past year.


Shareholder returns

OCNIndustryMarket
7 Day-3.5%1.0%1.1%
30 Day-9.3%-1.6%-1.7%
90 Day-19.8%3.2%-2.7%
1 Year-15.9%-19.8%11.4%7.5%7.8%2.7%
3 Year2.2%-11.0%23.9%13.5%19.3%4.7%
5 Year0.5%-20.8%27.5%-8.4%38.0%8.1%

Price Volatility Vs. Market

How volatile is Ocean Wilsons Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ocean Wilsons Holdings undervalued compared to its fair value and its price relative to the market?

3.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: OCN (£8.3) is trading below our estimate of fair value (£8.61)

Significantly Undervalued: OCN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OCN is good value based on its PE Ratio (11.8x) compared to the Infrastructure industry average (22.4x).

PE vs Market: OCN is good value based on its PE Ratio (11.8x) compared to the UK market (16.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: OCN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OCN is good value based on its PB Ratio (0.7x) compared to the GB Infrastructure industry average (1.9x).


Next Steps

Future Growth

How is Ocean Wilsons Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OCN's earnings are forecast to decline over the next 3 years (-0.5% per year).

Earnings vs Market: OCN's earnings are forecast to decline over the next 3 years (-0.5% per year).

High Growth Earnings: OCN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OCN's revenue (3.6% per year) is forecast to grow slower than the UK market (3.8% per year).

High Growth Revenue: OCN's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if OCN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Ocean Wilsons Holdings performed over the past 5 years?

8.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OCN's earnings have grown by 8.5% per year over the past 5 years.

Accelerating Growth: OCN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OCN had negative earnings growth (-33.2%) over the past year, making it difficult to compare to the Infrastructure industry average (9.8%).


Return on Equity

High ROE: OCN's Return on Equity (6.6%) is considered low.


Return on Assets

ROA vs Industry: OCN's Return on Assets is below or equal to the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: OCN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Ocean Wilsons Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: OCN's short term assets ($434.5M) exceeds its short term liabilities ($122.5M)

Long Term Liabilities: OCN's short term assets (434.5M) do not cover its long term liabilities (521.7M)


Debt to Equity History and Analysis

Debt Level: OCN's debt to equity ratio (42.7%) is considered high

Reducing Debt: OCN's debt to equity ratio has reduced from 49.2% to 42.7% over the past 5 years.

Debt Coverage: OCN's debt is well covered by operating cash flow (32%).

Interest Coverage: OCN's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet

Inventory Level: OCN has a high level of physical assets or inventory.

Debt Coverage by Assets: OCN's debt is covered by short term assets (assets are 1.316850x debt).


Next Steps

Dividend

What is Ocean Wilsons Holdings's current dividend yield, its reliability and sustainability?

6.71%

Current Dividend Yield


Dividend Yield vs Market

company6.7%marketbottom25%2.0%markettop25%5.4%industryaverage3.8%forecastin3Years6.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OCN's dividend (6.71%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: OCN's dividend (6.71%) is in the top 25% of dividend payers in the UK market (5.44%)

Stable Dividend: OCN's dividend payments have been volatile in the past 10 years.

Growing Dividend: OCN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.9%), OCN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: OCN's dividends in 3 years are not forecast to be well covered by earnings (91.7% payout ratio).


Next Steps

Management

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

6.8yrs

Average board tenure


CEO

Ocean Wilsons Holdings has no CEO, or we have no data on them.


Board Age and Tenure

6.8yrs

Average Tenure

62yo

Average Age

Experienced Board: OCN's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Keith Middleton

    Group Finance Director & Executive Director

    • Tenure: 0yrs
  • Malcolm Mitchell

    Company Secretary

    • Tenure: 0yrs

Board Members

  • Andrey Berzins (59yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
  • William Salomon (62yo)

    Deputy Chairman

    • Tenure: 0yrs
  • J. F. Vieira (69yo)

    Chairman

    • Tenure: 0yrs
  • Keith Middleton

    Group Finance Director & Executive Director

    • Tenure: 0yrs
  • Colin Maltby (68yo)

    Independent Non-Executive Director

    • Tenure: 6.8yrs
  • Chris Townsend (45yo)

    Non-Executive Director

    • Tenure: 8.2yrs

Company Information

Ocean Wilsons Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ocean Wilsons Holdings Limited
  • Ticker: OCN
  • Exchange: LSE
  • Founded:
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: UK£298.181m
  • Shares outstanding: 35.36m
  • Website: https://www.oceanwilsons.bm

Number of Employees


Location

  • Ocean Wilsons Holdings Limited
  • Clarendon House
  • Church Street
  • Hamilton
  • HM DX
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OCNLSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 1992

Biography

Ocean Wilsons Holdings Limited, an investment holding company, provides maritime and logistics services in Brazil. The company operates in two segments, Maritime Services and Investments. The Maritime Serv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:38
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.