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Wilh. Wilhelmsen Holding

Market Cap

kr8.2b

Last Updated

2021/09/16 21:30 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and undervalued.

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 is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: WWI's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.3%

WWI

-0.2%

NO Shipping

0.1%

NO Market


1 Year Return

41.5%

WWI

84.9%

NO Shipping

21.7%

NO Market

Return vs Industry: WWI underperformed the Norwegian Shipping industry which returned 84.9% over the past year.

Return vs Market: WWI exceeded the Norwegian Market which returned 21.7% over the past year.


Shareholder returns

WWIIndustryMarket
7 Day-0.3%-0.2%0.1%
30 Day4.5%2.6%0.9%
90 Day-3.2%6.3%4.3%
1 Year45.6%41.5%89.2%84.9%28.7%21.7%
3 Year12.1%2.2%19.3%-3.5%19.5%5.9%
5 Year31.6%14.6%58.7%39.8%82.5%49.4%

Long-Term 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 (NOK184) is trading below our estimate of fair value (NOK651.5)

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


Price To Earnings Ratio

PE vs Industry: WWI is good value based on its PE Ratio (3.6x) compared to the Norwegian Shipping industry average (11.4x).

PE vs Market: WWI is good value based on its PE Ratio (3.6x) compared to the Norwegian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: WWI is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: WWI is good value based on its PB Ratio (0.5x) compared to the NO Shipping industry average (1.4x).


Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WWI's forecast earnings growth (3.5% per year) is above the savings rate (1.2%).

Earnings vs Market: WWI's earnings (3.5% per year) are forecast to grow slower than the Norwegian market (10.2% per year).

High Growth Earnings: WWI's earnings are forecast to grow, but not significantly.

Revenue vs Market: WWI's revenue (6.8% per year) is forecast to grow faster than the Norwegian market (5.9% per year).

High Growth Revenue: WWI's revenue (6.8% 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 (9.5%).


Past Performance

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

-0.05%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WWI has a large one-off gain of $446.0M impacting its June 30 2021 financial results.

Growing Profit Margin: WWI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WWI has become profitable over the past 5 years, growing earnings by -0.05% per year.

Accelerating Growth: WWI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WWI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (107%).


Return on Equity

High ROE: WWI's Return on Equity (24.4%) is considered high.


Financial Health

How is Wilh. Wilhelmsen Holding's financial position?


Financial Position Analysis

Short Term Liabilities: WWI's short term assets ($727.0M) exceed its short term liabilities ($576.0M).

Long Term Liabilities: WWI's short term assets ($727.0M) exceed its long term liabilities ($600.0M).


Debt to Equity History and Analysis

Debt Level: WWI's debt to equity ratio (19.6%) is considered satisfactory.

Reducing Debt: WWI's debt to equity ratio has reduced from 74.8% to 19.6% over the past 5 years.

Debt Coverage: WWI's debt is well covered by operating cash flow (36.5%).

Interest Coverage: WWI's interest payments on its debt are well covered by EBIT (14.6x coverage).


Balance Sheet


Dividend

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

3.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WWI's dividend (3.12%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.89%).

High Dividend: WWI's dividend (3.12%) is low compared to the top 25% of dividend payers in the Norwegian market (5.1%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.6%), WWI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WWI's dividends in 3 years are forecast to be well covered by earnings (16.7% payout ratio).


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

Tom Wilhelmsen (47 yo)

10.92yrs

Tenure

US$1,142,000

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 ($USD1.14M) is above average for companies of similar size in the Norwegian market ($USD658.87K).

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


Leadership Team

Experienced Management: WWI's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: WWI's board of directors are not considered experienced ( 1.4 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: 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

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: kr8.177b
  • Shares outstanding: 44.58m
  • Website: https://www.wilhelmsen.com

Number of Employees


Location

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

Listings


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:30
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.