WillScot Mobile Mini Holdings - Stock price, News & Analysis

WSC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

WSC Stock Overview

WillScot Mobile Mini Holdings Corp. provides modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom.

Rewards

Trading at 28.4% below our estimate of its fair value

Earnings are forecast to grow 42.42% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

WillScot Mobile Mini Holdings Competitors

Ashtead Group

LSE:AHT

UK£27.7b

Fastenal

NasdaqGS:FAST

US$33.6b

United Rentals

NYSE:URI

US$24.1b

Pool

NasdaqGS:POOL

US$22.1b

Price History & Performance

Summary of all time highs, changes and price drops for WillScot Mobile Mini Holdings
Historical stock prices
Current Share Price	US$38.74
52 Week High	US$40.19
52 Week Low	US$20.90
Beta	1.69
1 Month Change	13.74%
3 Month Change	32.13%
1 Year Change	82.05%
3 Year Change	194.60%
5 Year Change	n/a
Change since IPO	268.95%

Recent News & Updates

Nov 22

Is It Time To Consider Buying WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)?

While WillScot Mobile Mini Holdings Corp. ( NASDAQ:WSC ) might not be the most widely known stock at the moment, it saw...

Oct 25

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Shares Could Be 27% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of WillScot Mobile Mini...

Shareholder Returns

	WSC	US Construction	US Market
7D	-2.6%	-5.5%	-3.5%
1Y	82.0%	48.5%	19.4%

Return vs Industry: WSC exceeded the US Construction industry which returned 45.6% over the past year.

Return vs Market: WSC exceeded the US Market which returned 17.8% over the past year.

Price Volatility

Is WSC's price volatile compared to industry and market?
WSC volatility
WSC Average Weekly Movement	4.1%
Construction Industry Average Movement	5.3%
Market Average Movement	6.1%
10% most volatile stocks in US Market	14.9%
10% least volatile stocks in US Market	2.4%

Stable Share Price: WSC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WSC's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	4,300	Brad Soultz	https://www.willscotmobilemini.com

WillScot Mobile Mini Holdings Corp. provides modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases various office space and storage solutions for temporary applications across a customer base in the commercial and industrial, construction, retail, education, natural resources, health care, government, transportation, security, and energy sectors. It operates a fleet of over 350,000 portable offices and storage containers.

WillScot Mobile Mini Holdings Fundamentals Summary

How do WillScot Mobile Mini Holdings's earnings and revenue compare to its market cap?
WSC fundamental statistics
Market Cap	US$8.37b
Earnings (TTM)	US$89.79m
Revenue (TTM)	US$1.81b

96.3x

P/E Ratio

4.8x

P/S Ratio

Is WSC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
WSC income statement (TTM)
Revenue	US$1.81b
Cost of Revenue	US$890.63m
Gross Profit	US$923.99m
Expenses	US$834.21m
Earnings	US$89.79m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.40
Gross Margin	50.92%
Net Profit Margin	4.95%
Debt/Equity Ratio	129.8%

How did WSC perform over the long term?

See historical performance and comparison

Valuation

Is WillScot Mobile Mini Holdings undervalued compared to its fair value and its price relative to the market?

28.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: WSC ($38.74) is trading below our estimate of fair value ($54.1)

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

Price To Earnings Ratio

PE vs Industry: WSC is poor value based on its PE Ratio (96.3x) compared to the US Construction industry average (27.4x).

PE vs Market: WSC is poor value based on its PE Ratio (96.3x) compared to the US market (16.6x).

Price to Earnings Growth Ratio

PEG Ratio: WSC is poor value based on its PEG Ratio (2.3x)

Price to Book Ratio

PB vs Industry: WSC is overvalued based on its PB Ratio (4.4x) compared to the US Construction industry average (2.3x).

Future Growth

How is WillScot Mobile Mini Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

42.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSC's forecast earnings growth (42.4% per year) is above the savings rate (2%).

Earnings vs Market: WSC's earnings (42.4% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WSC's revenue (6.7% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: WSC's revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WSC's Return on Equity is forecast to be low in 3 years time (14.8%).

Past Performance

How has WillScot Mobile Mini Holdings performed over the past 5 years?

45.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WSC has high quality earnings.

Growing Profit Margin: WSC became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: WSC has become profitable over the past 5 years, growing earnings by 45.3% per year.

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

Earnings vs Industry: WSC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (17.7%).

Return on Equity

High ROE: WSC's Return on Equity (4.6%) is considered low.

Financial Health

How is WillScot Mobile Mini Holdings's financial position?

Financial Position Analysis

Short Term Liabilities: WSC's short term assets ($477.5M) do not cover its short term liabilities ($541.8M).

Long Term Liabilities: WSC's short term assets ($477.5M) do not cover its long term liabilities ($3.1B).

Debt to Equity History and Analysis

Debt Level: WSC's net debt to equity ratio (129.2%) is considered high.

Reducing Debt: WSC's debt to equity ratio has reduced from 4324.2% to 129.8% over the past 5 years.

Debt Coverage: WSC's debt is well covered by operating cash flow (20.5%).

Interest Coverage: WSC's interest payments on its debt are not well covered by EBIT (3x coverage).

Balance Sheet

Dividend

What is WillScot Mobile Mini Holdings's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate WSC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WSC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WSC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WSC's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WSC's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

2.8yrs

Average management tenure

CEO

Brad Soultz (52 yo)

4.08yrs

Tenure

US$6,133,401

Compensation

Mr. Bradley Lee Soultz, also known as Brad, has been the Chief Executive Officer and Director of WillScot Mobile Mini Holdings Corp. (formerly known as WillScot Corporation) since November 2017 and served...

CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD6.13M) is about average for companies of similar size in the US market ($USD6.26M).

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

Leadership Team

Experienced Management: WSC's management team is considered experienced (2.8 years average tenure).

Board Members

Experienced Board: WSC'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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2021/12/02 23:38
End of Day Share Price	2021/12/02 00:00
Earnings	2021/09/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data