Wilh. Wilhelmsen Holding Valuation

Is WWI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WWI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WWI (NOK464) is trading below our estimate of fair value (NOK1310.76)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WWI?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for WWI. This is calculated by dividing WWI's market cap by their current preferred multiple.
What is WWI's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$1.87b

WWI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	18.5x
PEG Ratio	-0.5x

Price to Earnings Ratio vs Peers

How does WWI's PE Ratio compare to its peers?

The above table shows the PE ratio for WWI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	4.2x
SNI Stolt-Nielsen	4.7x	-6.9%	NOK 20.1b
HAUTO Höegh Autoliners	3.9x	-9.4%	NOK 26.0b
ODF Odfjell	4.2x	0.6%	NOK 11.6b
MPCC MPC Container Ships	4.1x	-35.6%	NOK 10.7b
WWI Wilh. Wilhelmsen Holding	3.9x	-8.5%	NOK 19.9b

Price-To-Earnings vs Peers: WWI is good value based on its Price-To-Earnings Ratio (3.9x) compared to the peer average (4.2x).

Price to Earnings Ratio vs Industry

How does WWI's PE Ratio compare vs other companies in the European Shipping Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	-3.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: WWI is good value based on its Price-To-Earnings Ratio (3.9x) compared to the European Shipping industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is WWI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WWI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	3.9x
Fair PE Ratio	6.5x

Price-To-Earnings vs Fair Ratio: WWI is good value based on its Price-To-Earnings Ratio (3.9x) compared to the estimated Fair Price-To-Earnings Ratio (6.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WWI forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	NOK 464.00	NOK 638.50 +37.6%	3.0%	NOK 657.36	NOK 619.64	n/a	2
Oct ’25	NOK 459.00	NOK 638.50 +39.1%	3.0%	NOK 657.36	NOK 619.64	n/a	2
Sep ’25	NOK 415.50	NOK 638.50 +53.7%	3.0%	NOK 657.36	NOK 619.64	n/a	2
Aug ’25	NOK 390.00	NOK 619.66 +58.9%	6.8%	NOK 662.01	NOK 577.31	n/a	2
Jul ’25	NOK 389.00	NOK 619.66 +59.3%	6.8%	NOK 662.01	NOK 577.31	n/a	2
Jun ’25	NOK 389.00	NOK 537.15 +38.1%	7.0%	NOK 574.95	NOK 499.36	n/a	2
May ’25	NOK 388.00	NOK 526.52 +35.7%	5.2%	NOK 554.14	NOK 498.90	n/a	2
Apr ’25	NOK 349.00	NOK 526.52 +50.9%	5.2%	NOK 554.14	NOK 498.90	n/a	2
Mar ’25	NOK 371.00	NOK 526.52 +41.9%	5.2%	NOK 554.14	NOK 498.90	n/a	2
Dec ’24	NOK 336.00	NOK 467.58 +39.2%	13.2%	NOK 529.49	NOK 405.68	n/a	2
Nov ’24	NOK 320.00	NOK 427.56 +33.6%	9.1%	NOK 466.51	NOK 388.60	n/a	2
Oct ’24	NOK 312.50	NOK 427.56 +36.8%	9.1%	NOK 466.51	NOK 388.60	NOK 459.00	2
Sep ’24	NOK 295.00	NOK 427.56 +44.9%	9.1%	NOK 466.51	NOK 388.60	NOK 415.50	2
Aug ’24	NOK 279.00	NOK 418.99 +50.2%	8.3%	NOK 453.90	NOK 384.08	NOK 390.00	2
Jul ’24	NOK 281.50	NOK 418.99 +48.8%	8.3%	NOK 453.90	NOK 384.08	NOK 389.00	2
Jun ’24	NOK 261.50	NOK 418.99 +60.2%	8.3%	NOK 453.90	NOK 384.08	NOK 389.00	2
May ’24	NOK 279.50	NOK 428.95 +53.5%	6.2%	NOK 455.55	NOK 402.34	NOK 388.00	2
Apr ’24	NOK 262.00	NOK 428.95 +63.7%	6.2%	NOK 455.55	NOK 402.34	NOK 349.00	2
Mar ’24	NOK 288.00	NOK 427.54 +48.5%	6.6%	NOK 455.84	NOK 399.24	NOK 371.00	2
Feb ’24	NOK 281.00	NOK 424.65 +51.1%	8.3%	NOK 459.85	NOK 389.44	NOK 365.50	2
Jan ’24	NOK 274.00	NOK 424.65 +55.0%	8.3%	NOK 459.85	NOK 389.44	NOK 364.50	2
Dec ’23	NOK 258.00	NOK 424.65 +64.6%	8.3%	NOK 459.85	NOK 389.44	NOK 336.00	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.