OB:WILS

Stock Analysis Report

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Executive Summary

Wilson ASA, a short sea company, charters and operates vessels in the short sea bulk sector in Norway and Europe. More Details


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

How has Wilson's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WILS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-10.9%

WILS

-0.8%

NO Shipping

-0.3%

NO Market


1 Year Return

3.2%

WILS

-18.6%

NO Shipping

-6.4%

NO Market

Return vs Industry: WILS exceeded the Norwegian Shipping industry which returned -18.9% over the past year.

Return vs Market: WILS exceeded the Norwegian Market which returned -6.3% over the past year.


Shareholder returns

WILSIndustryMarket
7 Day-10.9%-0.8%-0.3%
30 Day-2.0%4.0%-0.05%
90 Day0.5%6.4%2.1%
1 Year8.7%3.2%-10.8%-18.6%-3.2%-6.4%
3 Year183.0%138.7%-30.6%-42.0%2.9%-8.7%
5 Year113.2%79.8%-14.9%-24.7%43.9%14.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Wilson undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WILS (NOK19.6) is trading below our estimate of fair value (NOK96.32)

Significantly Below Fair Value: WILS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WILS is good value based on its PE Ratio (12.7x) compared to the NO Shipping industry average (14.2x).

PE vs Market: WILS is good value based on its PE Ratio (12.7x) compared to the Norwegian market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WILS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WILS's PB Ratio (0.7x) is in line with the NO Shipping industry average.


Next Steps

Future Growth

How is Wilson forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

49.9%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wilson has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Wilson performed over the past 5 years?

48.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WILS has high quality earnings.

Growing Profit Margin: WILS's current net profit margins (5%) are lower than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: WILS's earnings have grown significantly by 48.2% per year over the past 5 years.

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

Earnings vs Industry: WILS had negative earnings growth (-26.7%) over the past year, making it difficult to compare to the Shipping industry average (-13.1%).


Return on Equity

High ROE: WILS's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is Wilson's financial position?


Financial Position Analysis

Short Term Liabilities: WILS's short term assets (€46.9M) exceed its short term liabilities (€42.9M).

Long Term Liabilities: WILS's short term assets (€46.9M) do not cover its long term liabilities (€156.8M).


Debt to Equity History and Analysis

Debt Level: WILS's debt to equity ratio (121.2%) is considered high.

Reducing Debt: WILS's debt to equity ratio has reduced from 174% to 121.2% over the past 5 years.

Debt Coverage: WILS's debt is well covered by operating cash flow (30.8%).

Interest Coverage: WILS's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Wilson current dividend yield, its reliability and sustainability?

2.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WILS's dividend (2.69%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.48%).

High Dividend: WILS's dividend (2.69%) is low compared to the top 25% of dividend payers in the Norwegian market (6.61%).


Stability and Growth of Payments

Stable Dividend: WILS has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: WILS has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.2%), WILS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.3yrs

Average board tenure


CEO

Oyvind Gjerde

no data

Tenure

€237,000

Compensation

Mr. Øyvind Gjerde serves as the Chief Executive Officer at Wilson ASA and served as its Director. Mr. Gjerde served as President and Managing Director at Wilson ASA.


CEO Compensation Analysis

Compensation vs Market: Oyvind's total compensation ($USD0.00) is below average for companies of similar size in the Norwegian market ($USD372.19K).

Compensation vs Earnings: Oyvind's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Kristian Eidesvik
Chairman of the Board20.75yrs€22.00kno data
Ellen Solstad
Director15.75yrs€17.00kno data
Eivind Eidesvik
Director16.75yrs€19.00kno data
Synnove Seglem
Director12.83yrs€13.00kno data
Karl Gjøtterud
Deputy Representative Directorno datano datano data
Bernt Eidesvik
Deputy Directorno datano datano data
Per Gunnar Rasmussen
Director0.083yrno datano data
Erica Hauger
Director0.75yrno datano data

14.3yrs

Average Tenure

46yo

Average Age

Experienced Board: WILS's board of directors are seasoned and experienced ( 14.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wilson ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wilson ASA
  • Ticker: WILS
  • Exchange: OB
  • Founded: 1923
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr859.660m
  • Shares outstanding: 43.86m
  • Website: https://www.wilsonship.no

Location

  • Wilson ASA
  • Bradbenken 1
  • Sandviken
  • Bergen
  • Hordaland
  • 5835
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WILSOB (Oslo Bors)YesShare CapitalNONOKMar 2005
0GJ3LSE (London Stock Exchange)YesShare CapitalGBNOKMar 2005
WILSOBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBNOKMar 2005

Biography

Wilson ASA, a short sea company, charters and operates vessels in the short sea bulk sector in Norway and Europe. It operates through a fleet of 114 vessels in the range of 1500-8500 dwt. The company was f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 22:53
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.