WillScot Holdings Corporation

NasdaqCM:WSC Stock Report

Market Cap: US$6.2b

WillScot Holdings Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: WSC ($33.58) is trading below our estimate of fair value ($45.7)

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

Key Valuation Metric

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

Key metric: As WSC is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WSC. This is calculated by dividing WSC's market cap by their current revenue.
What is WSC's PS Ratio?
PS Ratio2.6x
SalesUS$2.41b
Market CapUS$6.20b

Price to Sales Ratio vs Peers

How does WSC's PS Ratio compare to its peers?

The above table shows the PS ratio for WSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
STRL Sterling Infrastructure
2.6x7.5%US$5.4b
VMI Valmont Industries
1.5x2.6%US$6.2b
DY Dycom Industries
1.1x11.7%US$5.1b
ROAD Construction Partners
2.8x21.0%US$5.2b
WSC WillScot Holdings
2.6x3.0%US$6.2b

Price-To-Sales vs Peers: WSC is expensive based on its Price-To-Sales Ratio (2.6x) compared to the peer average (1.7x).

Price to Sales Ratio vs Industry

How does WSC's PS Ratio compare vs other companies in the US Construction Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
SLND Southland Holdings
0.2x3.3%US$175.59m
SHIM Shimmick
0.2x-3.2%US$83.14m
VATE INNOVATE
0.06xn/aUS$69.62m
QTEK.Q QualTek Services
0.0004xn/aUS$613.32k
WSC 2.6xIndustry Avg. 1.1xNo. of Companies7PS00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WSC is expensive based on its Price-To-Sales Ratio (2.6x) compared to the US Construction industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

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

WSC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ratio3.2x

Price-To-Sales vs Fair Ratio: WSC is good value based on its Price-To-Sales Ratio (2.6x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).

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 WSC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$33.58
US$44.11
+31.4%
17.2%US$61.00US$35.00n/a9
Dec ’25US$38.24
US$43.00
+12.4%
17.2%US$61.00US$35.00n/a9
Nov ’25US$36.54
US$43.44
+18.9%
16.8%US$61.00US$35.00n/a9
Oct ’25US$37.24
US$46.78
+25.6%
13.7%US$61.00US$39.00n/a9
Sep ’25US$38.54
US$47.44
+23.1%
13.5%US$61.00US$39.00n/a9
Aug ’25US$39.81
US$50.80
+27.6%
15.9%US$66.00US$39.00n/a10
Jul ’25US$37.30
US$50.80
+36.2%
15.9%US$66.00US$39.00n/a10
Jun ’25US$39.43
US$50.80
+28.8%
15.9%US$66.00US$39.00n/a10
May ’25US$36.61
US$52.40
+43.1%
15.1%US$66.00US$42.00n/a10
Apr ’25US$44.15
US$55.30
+25.3%
12.1%US$66.00US$42.00n/a10
Mar ’25US$48.06
US$56.91
+18.4%
8.5%US$66.00US$45.00n/a11
Feb ’25US$48.63
US$53.91
+10.9%
9.0%US$64.00US$45.00n/a11
Jan ’25US$44.50
US$54.40
+22.2%
7.7%US$64.00US$48.00n/a10
Dec ’24US$42.58
US$53.00
+24.5%
8.6%US$64.00US$48.00US$38.2410
Nov ’24US$38.87
US$58.20
+49.7%
7.8%US$67.00US$52.00US$36.5410
Oct ’24US$41.59
US$58.89
+41.6%
7.2%US$67.00US$53.00US$37.249
Sep ’24US$42.03
US$58.70
+39.7%
6.9%US$67.00US$53.00US$38.5410
Aug ’24US$49.52
US$58.20
+17.5%
5.8%US$67.00US$55.00US$39.8110
Jul ’24US$47.79
US$58.00
+21.4%
6.3%US$67.00US$53.00US$37.3010
Jun ’24US$42.19
US$58.45
+38.6%
6.4%US$67.00US$53.00US$39.4311
May ’24US$45.43
US$58.45
+28.7%
6.4%US$67.00US$53.00US$36.6111
Apr ’24US$46.88
US$57.91
+23.5%
3.9%US$61.00US$53.00US$44.1511
Mar ’24US$52.12
US$57.91
+11.1%
3.9%US$61.00US$53.00US$48.0611
Feb ’24US$48.26
US$55.18
+14.3%
4.9%US$62.00US$51.00US$48.6311
Jan ’24US$45.17
US$55.18
+22.2%
4.9%US$62.00US$51.00US$44.5011
Dec ’23US$48.49
US$53.82
+11.0%
3.9%US$57.00US$50.00US$42.5811

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:58
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

WillScot Holdings Corporation is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew WittmannBaird
Manav PatnaikBarclays
Samuel EnglandBerenberg