Valuation Overview

Growth Story

Over the next few years, revenue is expected to grow by 3.52%, lower than industry average of 9.89%.

Growth Trajectory

Profitability

In the growth phase company makes 52.11% profit on every dollar of sales, higher than industry average of 14.56%.

Profitability Trajectory

Risk Profile

Investors expect at least 6.75% return to justify the risk of holding stock.

Risk vs Return

Required Return (Cost of Capital) (%)
Return on Invested Capital (%)

Financial Health Overview

Enterprise Value
7.71B USD
Equity Value
7.57B USD
FCF Yield
283.07%
Average ROIC
18.59%
Cost of Capital
7.50%
P/E Ratio
3.24x
Financial MetricMost Recent 12 months (USD)Previous Year (USD)
Revenues1.18B USD1.14B USD
Operating Income or EBIT687M USD574M USD
Interest Expense30M USD36M USD
Book Value Of Equity3.05B USD2.58B USD
Book Value Of Debt454M USD434M USD
Cash and Marketable Securities430M USD275M USD
Number of Shares Outstanding41.95M--
Minority interests115M USD0 USD
Current Stock Price51.09 USD--
Effective Tax Rate4.00%--
Marginal Tax Rate22.00%--

Performance vs Industry

Revenue Growth
-5.84%
4.04%Company
vs
9.89%Industry
Below Industry
Operating Margin
+43.51%
58.07%Company
vs
14.56%Industry
Above Industry
Wilh. Wilhelmsen Holding ASA demonstrates superior operational efficiency with margins above industry average, indicating effective cost management.

Terminal Value Analysis

Growth Rate
4.59%
Cost of Capital
8.83%
Return on Capital
8.83%
Reinvestment Rate
52.09%
Terminal value represents 47% of total enterprise value, based on 4.59% perpetual growth and 8.83% discount rate.

Equity Value Breakdown

ComponentValueType
Present Value (Terminal Value) 3.63B USD Add
Present Value (Cash Flow Over Next 10 Years) 4.07B USD Add
Value of Operating Assets 7.71B USD Sub-total
Debt 454.00M USD Subtract
Minority Interests 115.00M USD Subtract
Cash 430.00M USD Add
Value of Equity 7.57B USD Sub-total
Number of Shares 41.95M shares Divisor
Estimated Value per Share (Fair Value) 180.61 USD Total
Current Market Price 51.08 USD Reference

Financial Projections

Total FCF Present Value
4.07B USD
Avg Revenue Growth
3.28%
Avg Operating Margin
50.78%
Avg ROIC
18.59%
Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Terminal Year
REVENUE
Revenue1.18B USD1.22B USD1.26B USD1.31B USD1.35B USD1.40B USD1.46B USD1.52B USD1.59B USD1.66B USD1.74B USD
Growth Rate -0.14% 3.52% 3.52% 3.52% 3.52% 3.73% 3.95% 4.16% 4.38% 4.59% 4.59%
PROFITABILITY
Operating Income686.03M USD661.59M USD659.73M USD656.93M USD653.11M USD677.53M USD704.32M USD733.69M USD765.86M USD801.09M USD837.94M USD
Operating Margin 58.07% 54.09% 52.10% 50.12% 48.13% 48.13% 48.13% 48.13% 48.13% 48.13% 48.13%
EBIT (1-tax)658.59M USD635.12M USD633.34M USD630.65M USD626.98M USD626.03M USD625.43M USD625.10M USD624.94M USD624.85M USD653.59M USD
CASH FLOW
Reinvestment37.29M USD38.61M USD39.97M USD41.38M USD45.45M USD59.36M USD65.07M USD71.28M USD78.06M USD81.65M USD340.49M USD
Free Cash Flow621.29M USD596.51M USD593.37M USD589.27M USD581.52M USD566.67M USD560.36M USD553.81M USD546.87M USD543.19M USD313.10M USD
Terminal Value--------------------7.40B USD
Present Value582.03M USD523.50M USD487.84M USD453.85M USD419.58M USD381.53M USD350.70M USD320.94M USD292.33M USD266.80M USD—
EFFICIENCY
ROIC 21.41% 20.40% 20.10% 19.76% 19.39% 19.09% 18.74% 18.37% 17.99% 17.59% 8.83%
Cost of Capital 6.74% 6.74% 6.74% 6.74% 6.74% 7.16% 7.57% 7.99% 8.41% 8.83% 8.83%
Sales/Capital 1.11x 1.11x 1.11x 1.11x 1.11x 0.93x 0.93x 0.93x 0.93x 0.93x —

Profitability & Efficiency

Operating Margin (%)
ROIC (%)

Value Creation Analysis

ROIC (%)
Cost of Capital (%)

Operational Cash Flow Analysis

Free Cash Flow ($M)
Reinvestment ($M)