Wilh. Wilhelmsen Holding ASA

OB:WWI Stock Report

Market Cap: NOK 19.9b

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.

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/Revenue2.1x
Enterprise Value/EBITDA18.5x
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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.2x
SNI Stolt-Nielsen
4.7x-6.9%NOK 20.1b
HAUTO Höegh Autoliners
3.9x-9.4%NOK 26.0b
ODF Odfjell
4.2x0.6%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 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-3.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-3.9%
n/an/an/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 Ratio3.9x
Fair PE Ratio6.5x

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.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 464.00
NOK 638.50
+37.6%
3.0%NOK 657.36NOK 619.64n/a2
Oct ’25NOK 459.00
NOK 638.50
+39.1%
3.0%NOK 657.36NOK 619.64n/a2
Sep ’25NOK 415.50
NOK 638.50
+53.7%
3.0%NOK 657.36NOK 619.64n/a2
Aug ’25NOK 390.00
NOK 619.66
+58.9%
6.8%NOK 662.01NOK 577.31n/a2
Jul ’25NOK 389.00
NOK 619.66
+59.3%
6.8%NOK 662.01NOK 577.31n/a2
Jun ’25NOK 389.00
NOK 537.15
+38.1%
7.0%NOK 574.95NOK 499.36n/a2
May ’25NOK 388.00
NOK 526.52
+35.7%
5.2%NOK 554.14NOK 498.90n/a2
Apr ’25NOK 349.00
NOK 526.52
+50.9%
5.2%NOK 554.14NOK 498.90n/a2
Mar ’25NOK 371.00
NOK 526.52
+41.9%
5.2%NOK 554.14NOK 498.90n/a2
Dec ’24NOK 336.00
NOK 467.58
+39.2%
13.2%NOK 529.49NOK 405.68n/a2
Nov ’24NOK 320.00
NOK 427.56
+33.6%
9.1%NOK 466.51NOK 388.60n/a2
Oct ’24NOK 312.50
NOK 427.56
+36.8%
9.1%NOK 466.51NOK 388.60NOK 459.002
Sep ’24NOK 295.00
NOK 427.56
+44.9%
9.1%NOK 466.51NOK 388.60NOK 415.502
Aug ’24NOK 279.00
NOK 418.99
+50.2%
8.3%NOK 453.90NOK 384.08NOK 390.002
Jul ’24NOK 281.50
NOK 418.99
+48.8%
8.3%NOK 453.90NOK 384.08NOK 389.002
Jun ’24NOK 261.50
NOK 418.99
+60.2%
8.3%NOK 453.90NOK 384.08NOK 389.002
May ’24NOK 279.50
NOK 428.95
+53.5%
6.2%NOK 455.55NOK 402.34NOK 388.002
Apr ’24NOK 262.00
NOK 428.95
+63.7%
6.2%NOK 455.55NOK 402.34NOK 349.002
Mar ’24NOK 288.00
NOK 427.54
+48.5%
6.6%NOK 455.84NOK 399.24NOK 371.002
Feb ’24NOK 281.00
NOK 424.65
+51.1%
8.3%NOK 459.85NOK 389.44NOK 365.502
Jan ’24NOK 274.00
NOK 424.65
+55.0%
8.3%NOK 459.85NOK 389.44NOK 364.502
Dec ’23NOK 258.00
NOK 424.65
+64.6%
8.3%NOK 459.85NOK 389.44NOK 336.002

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.


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