OB:WWIB

Stock Analysis Report

Wilh. Wilhelmsen Holding

Executive Summary

Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide.

Snowflake

Fundamentals

Good value with mediocre balance sheet.

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


Market Performance


7 Day Return

-0.7%

WWIB

-0.4%

NO Shipping

0.07%

NO Market


1 Year Return

-24.4%

WWIB

-17.6%

NO Shipping

-8.7%

NO Market

Return vs Industry: WWIB underperformed the Norwegian Shipping industry which returned -17.6% over the past year.

Return vs Market: WWIB underperformed the Norwegian Market which returned -8.7% over the past year.


Shareholder returns

WWIBIndustryMarket
7 Day-0.7%-0.4%0.07%
30 Day1.9%0.001%-1.9%
90 Day-2.9%-1.9%2.1%
1 Year-22.3%-24.4%-15.5%-17.6%-3.9%-8.7%
3 Year-11.2%-17.6%6.5%-1.0%40.2%21.9%
5 Year-8.7%-20.5%-14.0%-24.9%59.2%22.5%

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

No news available

Valuation

Is Wilh. Wilhelmsen Holding undervalued compared to its fair value and its price relative to the market?

14.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: WWIB (NOK136) is trading below our estimate of fair value (NOK158.39)

Significantly Undervalued: WWIB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WWIB is good value based on its PE Ratio (4.7x) compared to the Shipping industry average (10.3x).

PE vs Market: WWIB is good value based on its PE Ratio (4.7x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: WWIB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WWIB is good value based on its PB Ratio (0.4x) compared to the NO Shipping industry average (0.7x).


Next Steps

Future Growth

How is Wilh. Wilhelmsen Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-24.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WWIB's earnings are forecast to decline over the next 3 years (-24.8% per year).

Earnings vs Market: WWIB's earnings are forecast to decline over the next 3 years (-24.8% per year).

High Growth Earnings: WWIB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WWIB's revenue (4.3% per year) is forecast to grow slower than the Norwegian market (4.7% per year).

High Growth Revenue: WWIB's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: WWIB's Return on Equity is forecast to be low in 3 years time (4%).


Next Steps

Past Performance

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

-25.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WWIB's earnings have declined by -25.7% per year over the past 5 years.

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

Earnings vs Industry: WWIB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (-28.7%).


Return on Equity

High ROE: WWIB's Return on Equity (9.3%) is considered low.


Return on Assets

ROA vs Industry: WWIB's Return on Assets is below or equal to the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: WWIB's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Wilh. Wilhelmsen Holding's financial position?


Financial Position Analysis

Short Term Liabilities: WWIB's short term assets ($642.0M) exceeds its short term liabilities ($451.0M)

Long Term Liabilities: WWIB's short term assets (642.0M) do not cover its long term liabilities (779.0M)


Debt to Equity History and Analysis

Debt Level: WWIB's debt to equity ratio (22.9%) is considered satisfactory

Reducing Debt: WWIB's debt to equity ratio has reduced from 79.3% to 22.9% over the past 5 years.

Debt Coverage: WWIB's debt is not well covered by operating cash flow (19%).

Interest Coverage: WWIB's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Inventory Level: WWIB has a high level of physical assets or inventory.

Debt Coverage by Assets: WWIB's debt is covered by short term assets (assets are 1.299590x debt).


Next Steps

Dividend

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

3.25%

Current Dividend Yield


Dividend Yield vs Market

company3.2%marketbottom25%2.6%markettop25%6.2%industryaverage4.1%forecastin3Years3.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WWIB's dividend (3.25%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.62%).

High Dividend: WWIB's dividend (3.25%) is low compared to the top 25% of dividend payers in the Norwegian market (6.23%).

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

Growing Dividend: WWIB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.9%), WWIB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WWIB's dividends in 3 years are forecast to be well covered by earnings (32.4% payout ratio).


Next Steps

Management

What is the CEO of Wilh. Wilhelmsen Holding's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average board tenure


CEO

Tom Wilhelmsen (45yo)

9yrs

Tenure

US$1,275,000

Compensation

Mr. Thomas Wilhelmsen, also known as Tom, has been Deputy Chief Executive Officer at Wilh. Wilhelmsen ASA since 2009. Mr. Wilhelmsen has been Group Chief Executive Officer of Wilh. Wilhelmsen Holding ASA s ...


CEO Compensation Analysis

Compensation vs. Market: Tom's total compensation ($USD1.28M) is above average for companies of similar size in the Norwegian market ($USD543.38K).

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


Board Age and Tenure

3.4yrs

Average Tenure

63yo

Average Age

Experienced Board: WWIB's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Christian Berg (50yo)

    Group Chief Financial Officer

    • Tenure: 3.5yrs
    • Compensation: US$644.00k
  • Jan Wang (62yo)

    Senior Vice President of Industrial Investments

    • Tenure: 0yrs
    • Compensation: US$1.50m
  • Bjørn Tønsberg

    President of Barwil Agencies

    • Tenure: 0yrs
  • Bjorn Berggrav

    Vice President of Legal

    • Tenure: 0yrs
  • Tom Wilhelmsen (45yo)

    Group CEO

    • Tenure: 9yrs
    • Compensation: US$1.28m
  • Bjorge Grimholt

    President & CEO of Wilhelmsen Ships Service (WSS)

    • Tenure: 0yrs
    • Compensation: US$631.00k
  • Benedicte Gude

    Senior Vice President of HR & Communications

    • Tenure: 0yrs
  • Carl Schou

    President & CEO of Wilhelmsen Ship Management (WSM)

    • Tenure: 0yrs
    • Compensation: US$481.00k
  • John Stangeland

    Chief Executive Officer of NorSea Group

    • Tenure: 0yrs
    • Compensation: US$362.00k
  • Age Holm

    Vice President of Finance & Investor Relations

    • Tenure: 0yrs

Board Members

  • Trond Westlie (58yo)

    Director

    • Tenure: 1.5yrs
  • Diderik Schnitler (73yo)

    Chairman

    • Tenure: 9.5yrs
  • Carl Steen (68yo)

    Director

    • Tenure: 8.5yrs
  • Irene Basili (52yo)

    Director

    • Tenure: 3.4yrs
  • Cathrine Wilhelmsen

    Director

    • Tenure: 2.5yrs

Company Information

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


Key Information

  • Name: Wilh. Wilhelmsen Holding ASA
  • Ticker: WWIB
  • Exchange: OB
  • Founded: 1861
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr6.397b
  • Shares outstanding: 46.40m
  • 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
WML2DB (Deutsche Boerse AG)Class B SharesDEEURJan 1992

Biography

Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide. The company’s Maritime Services segment offers marine products, ship agency services, and logistics to the merchant fleet, as ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:01
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.