OB:WWI

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Wilh. Wilhelmsen Holding

Executive Summary

Wilh. Wilhelmsen Holding ASA provides maritime products and services in Europe, the Americas, Asia, Africa, and Oceania. More Details

Rewards

Trading at 56.2% below our estimate of its fair value

Earnings are forecast to grow 99.76% per year

Risk Analysis

No risks detected for WWI from our risk checks.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Wilh. Wilhelmsen Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.7%

WWI

-2.6%

NO Shipping

-4.3%

NO Market


1 Year Return

-1.0%

WWI

-20.5%

NO Shipping

-13.3%

NO Market

Return vs Industry: WWI exceeded the Norwegian Shipping industry which returned -20.5% over the past year.

Return vs Market: WWI exceeded the Norwegian Market which returned -13.3% over the past year.


Shareholder returns

WWIIndustryMarket
7 Day-1.7%-2.6%-4.3%
30 Day11.4%2.4%-4.8%
90 Day26.9%7.1%-2.0%
1 Year2.6%-1.0%-13.5%-20.5%-10.4%-13.3%
3 Year-36.3%-41.4%-32.1%-43.0%-2.6%-13.4%
5 Year7.8%-6.6%-18.0%-27.2%33.2%6.6%

Price Volatility Vs. Market

How volatile is Wilh. Wilhelmsen Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wilh. Wilhelmsen Holding 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: WWI (NOK141.5) is trading below our estimate of fair value (NOK322.88)

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


Price To Earnings Ratio

PE vs Industry: WWI is unprofitable, so we can't compare its PE Ratio to the NO Shipping industry average.

PE vs Market: WWI is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WWI is good value based on its PB Ratio (0.4x) compared to the NO Shipping industry average (0.5x).


Next Steps

Future Growth

How is Wilh. Wilhelmsen Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

99.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WWI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: WWI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: WWI's is expected to become profitable in the next 3 years.

Revenue vs Market: WWI's revenue (3.9% per year) is forecast to grow slower than the Norwegian market (4.6% per year).

High Growth Revenue: WWI's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WWI's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Wilh. Wilhelmsen Holding performed over the past 5 years?

-34.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WWI is currently unprofitable.

Growing Profit Margin: WWI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WWI is unprofitable, and losses have increased over the past 5 years at a rate of 34.1% per year.

Accelerating Growth: Unable to compare WWI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WWI is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-13.1%).


Return on Equity

High ROE: WWI has a negative Return on Equity (-16.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wilh. Wilhelmsen Holding's financial position?


Financial Position Analysis

Short Term Liabilities: WWI's short term assets ($584.0M) exceed its short term liabilities ($531.0M).

Long Term Liabilities: WWI's short term assets ($584.0M) do not cover its long term liabilities ($600.0M).


Debt to Equity History and Analysis

Debt Level: WWI's debt to equity ratio (25.3%) is considered satisfactory.

Reducing Debt: WWI's debt to equity ratio has reduced from 72.3% to 25.3% over the past 5 years.

Debt Coverage: WWI's debt is well covered by operating cash flow (32.3%).

Interest Coverage: Insufficient data to determine if WWI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Wilh. Wilhelmsen Holding current dividend yield, its reliability and sustainability?

2.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WWI's dividend (2.6%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.78%).

High Dividend: WWI's dividend (2.6%) is low compared to the top 25% of dividend payers in the Norwegian market (6.79%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: WWI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: WWI's dividends in 3 years are forecast to be well covered by earnings (15.3% payout ratio).


Next Steps

Management

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

2.5yrs

Average board tenure


CEO

Tom Wilhelmsen (46 yo)

10yrs

Tenure

US$1,016,000

Compensation

Mr. Thomas Wilhelmsen, also known as Tom, has been Deputy Chief Executive Officer at Wallenius Wilhelmsen ASA (formerly known as Wallenius Wilhelmsen Logistics ASA) since 2009. Mr. Wilhelmsen has been Grou ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD1.02M) is above average for companies of similar size in the Norwegian market ($USD528.72K).

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


Board Members

NamePositionTenureCompensationOwnership
Trond Westlie
Independent Director2.5yrsUS$48.00kno data
Diderik Schnitler
Independent Chairman10.5yrsUS$80.00k0.061%
$ 3.8m
Rebekka Herlofsen
Independent Director0.50yrno datano data
Carl Steen
Independent Director9.5yrsUS$48.00k0.018%
$ 1.1m
Ulrika Laurin
Director0.50yrno datano data

2.5yrs

Average Tenure

59yo

Average Age

Experienced Board: WWI's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: WWI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Wilh. Wilhelmsen Holding ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wilh. Wilhelmsen Holding ASA
  • Ticker: WWI
  • Exchange: OB
  • Founded: 1861
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr6.297b
  • Shares outstanding: 44.58m
  • Website: https://www.wilhelmsen.com

Number of Employees


Location

  • Wilh. Wilhelmsen Holding ASA
  • Strandveien 20
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WWIBOB (Oslo Bors)Class B SharesNONOKJan 1992
WWIOB (Oslo Bors)YesClass A SharesNONOKJan 1992
WML1DB (Deutsche Boerse AG)YesClass A SharesDEEURJan 1992
0P0TLSE (London Stock Exchange)YesClass A SharesGBNOKJan 1992
0P0OLSE (London Stock Exchange)Class B SharesGBNOKJan 1992
WWIOBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBNOKJan 1992
WWIBOBATS-CHIXE (BATS 'Chi-X Europe')Class B SharesGBNOKJan 1992
WLLS.FOTCPK (Pink Sheets LLC)Class B SharesUSUSDJan 1992
WML2DB (Deutsche Boerse AG)Class B SharesDEEURJan 1992

Biography

Wilh. Wilhelmsen Holding ASA provides maritime products and services in Europe, the Americas, Asia, Africa, and Oceania. It operates through Maritime Services and Supply Services segments. The Maritime Ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 22:33
End of Day Share Price2020/10/29 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.