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WILLSCOT HOLDINGS CORP (WSC) Stock Fundamental Analysis

NASDAQ:WSC - Nasdaq - US9713781048 - Common Stock - Currency: USD

35.665  -0.13 (-0.38%)

Fundamental Rating

4

WSC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 47 industry peers in the Construction & Engineering industry. WSC has an excellent profitability rating, but there are concerns on its financial health. WSC is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

WSC had positive earnings in the past year.
In the past year WSC had a positive cash flow from operations.
WSC had positive earnings in 4 of the past 5 years.
In the past 5 years WSC always reported a positive cash flow from operatings.
WSC Yearly Net Income VS EBIT VS OCF VS FCFWSC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

1.2 Ratios

WSC has a Return On Assets of 0.42%. This is in the lower half of the industry: WSC underperforms 62.22% of its industry peers.
The Return On Equity of WSC (2.39%) is comparable to the rest of the industry.
The Return On Invested Capital of WSC (8.25%) is better than 68.89% of its industry peers.
The Average Return On Invested Capital over the past 3 years for WSC is below the industry average of 11.58%.
The 3 year average ROIC (7.18%) for WSC is below the current ROIC(8.25%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.42%
ROE 2.39%
ROIC 8.25%
ROA(3y)5.45%
ROA(5y)2.71%
ROE(3y)22.49%
ROE(5y)10.47%
ROIC(3y)7.18%
ROIC(5y)5.81%
WSC Yearly ROA, ROE, ROICWSC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

1.3 Margins

Looking at the Profit Margin, with a value of 1.05%, WSC is in line with its industry, outperforming 46.67% of the companies in the same industry.
WSC's Profit Margin has improved in the last couple of years.
WSC has a better Operating Margin (24.91%) than 100.00% of its industry peers.
WSC's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 54.40%, WSC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
WSC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 24.91%
PM (TTM) 1.05%
GM 54.4%
OM growth 3Y13.4%
OM growth 5Y53.32%
PM growth 3Y51.27%
PM growth 5YN/A
GM growth 3Y5.68%
GM growth 5Y7.93%
WSC Yearly Profit, Operating, Gross MarginsWSC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

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0

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WSC is destroying value.
The number of shares outstanding for WSC has been reduced compared to 1 year ago.
The number of shares outstanding for WSC has been increased compared to 5 years ago.
The debt/assets ratio for WSC is higher compared to a year ago.
WSC Yearly Shares OutstandingWSC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
WSC Yearly Total Debt VS Total AssetsWSC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.2 Solvency

Based on the Altman-Z score of 1.32, we must say that WSC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.32, WSC is doing worse than 75.56% of the companies in the same industry.
WSC has a debt to FCF ratio of 11.62. This is a negative value and a sign of low solvency as WSC would need 11.62 years to pay back of all of its debts.
The Debt to FCF ratio of WSC (11.62) is worse than 60.00% of its industry peers.
WSC has a Debt/Equity ratio of 3.42. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.42, WSC is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 3.42
Debt/FCF 11.62
Altman-Z 1.32
ROIC/WACC0.74
WACC11.08%
WSC Yearly LT Debt VS Equity VS FCFWSC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 0.90 indicates that WSC may have some problems paying its short term obligations.
WSC's Current ratio of 0.90 is on the low side compared to the rest of the industry. WSC is outperformed by 84.44% of its industry peers.
A Quick Ratio of 0.82 indicates that WSC may have some problems paying its short term obligations.
WSC has a Quick ratio of 0.82. This is amonst the worse of the industry: WSC underperforms 82.22% of its industry peers.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.82
WSC Yearly Current Assets VS Current LiabilitesWSC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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8

3. Growth

3.1 Past

WSC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.48%, which is quite good.
Measured over the past years, WSC shows a very strong growth in Earnings Per Share. The EPS has been growing by 70.66% on average per year.
WSC shows a small growth in Revenue. In the last year, the Revenue has grown by 6.31%.
Measured over the past years, WSC shows a very strong growth in Revenue. The Revenue has been growing by 25.77% on average per year.
EPS 1Y (TTM)8.48%
EPS 3Y70.66%
EPS 5YN/A
EPS Q2Q%26.09%
Revenue 1Y (TTM)6.31%
Revenue growth 3Y22.93%
Revenue growth 5Y25.77%
Sales Q2Q%-0.56%

3.2 Future

Based on estimates for the next years, WSC will show a very strong growth in Earnings Per Share. The EPS will grow by 26.17% on average per year.
WSC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.47% yearly.
EPS Next Y-78.09%
EPS Next 2Y4.14%
EPS Next 3Y10.05%
EPS Next 5Y26.17%
Revenue Next Year1.08%
Revenue Next 2Y1.8%
Revenue Next 3Y4.8%
Revenue Next 5Y15.47%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
WSC Yearly Revenue VS EstimatesWSC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2030 1B 2B 3B 4B
WSC Yearly EPS VS EstimatesWSC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2030 0 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 19.92 indicates a rather expensive valuation of WSC.
Based on the Price/Earnings ratio, WSC is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of WSC to the average of the S&P500 Index (28.36), we can say WSC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 19.46, the valuation of WSC can be described as rather expensive.
Based on the Price/Forward Earnings ratio, WSC is valued a bit cheaper than 64.44% of the companies in the same industry.
WSC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.49.
Industry RankSector Rank
PE 19.92
Fwd PE 19.46
WSC Price Earnings VS Forward Price EarningsWSC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

WSC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. WSC is cheaper than 88.89% of the companies in the same industry.
64.44% of the companies in the same industry are more expensive than WSC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 21.08
EV/EBITDA 10.43
WSC Per share dataWSC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

WSC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.14%
EPS Next 3Y10.05%

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0

5. Dividend

5.1 Amount

No dividends for WSC!.
Industry RankSector Rank
Dividend Yield N/A

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WILLSCOT HOLDINGS CORP

NASDAQ:WSC (2/4/2025, 3:36:08 PM)

35.665

-0.13 (-0.38%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)10-30 2024-10-30/amc
Earnings (Next)02-25 2025-02-25/amc
Inst Owners104.1%
Inst Owner Change-1.29%
Ins Owners1.04%
Ins Owner Change-0.13%
Market Cap6.59B
Analysts78.46
Price Target44.88 (25.84%)
Short Float %7.52%
Short Ratio6.26
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)39.75%
Min EPS beat(2)20.54%
Max EPS beat(2)58.96%
EPS beat(4)2
Avg EPS beat(4)12.34%
Min EPS beat(4)-16.66%
Max EPS beat(4)58.96%
EPS beat(8)5
Avg EPS beat(8)8.85%
EPS beat(12)8
Avg EPS beat(12)11.61%
EPS beat(16)10
Avg EPS beat(16)2.61%
Revenue beat(2)0
Avg Revenue beat(2)-3.13%
Min Revenue beat(2)-3.62%
Max Revenue beat(2)-2.63%
Revenue beat(4)1
Avg Revenue beat(4)-2.09%
Min Revenue beat(4)-3.62%
Max Revenue beat(4)0.07%
Revenue beat(8)2
Avg Revenue beat(8)-2.64%
Revenue beat(12)2
Avg Revenue beat(12)-4.68%
Revenue beat(16)3
Avg Revenue beat(16)-5.26%
PT rev (1m)-0.25%
PT rev (3m)-6.38%
EPS NQ rev (1m)-0.72%
EPS NQ rev (3m)-21.68%
EPS NY rev (1m)0%
EPS NY rev (3m)-60.43%
Revenue NQ rev (1m)-0.75%
Revenue NQ rev (3m)-9.76%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-2.02%
Valuation
Industry RankSector Rank
PE 19.92
Fwd PE 19.46
P/S 2.74
P/FCF 21.08
P/OCF 10.94
P/B 6.25
P/tB N/A
EV/EBITDA 10.43
EPS(TTM)1.79
EY5.02%
EPS(NY)1.83
Fwd EY5.14%
FCF(TTM)1.69
FCFY4.74%
OCF(TTM)3.26
OCFY9.14%
SpS13.02
BVpS5.71
TBVpS-2.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.42%
ROE 2.39%
ROCE 11.1%
ROIC 8.25%
ROICexc 8.27%
ROICexgc 11.27%
OM 24.91%
PM (TTM) 1.05%
GM 54.4%
FCFM 12.99%
ROA(3y)5.45%
ROA(5y)2.71%
ROE(3y)22.49%
ROE(5y)10.47%
ROIC(3y)7.18%
ROIC(5y)5.81%
ROICexc(3y)7.19%
ROICexc(5y)5.82%
ROICexgc(3y)10.1%
ROICexgc(5y)8.05%
ROCE(3y)9.66%
ROCE(5y)7.82%
ROICexcg growth 3Y32.81%
ROICexcg growth 5Y69.72%
ROICexc growth 3Y35.4%
ROICexc growth 5Y63.98%
OM growth 3Y13.4%
OM growth 5Y53.32%
PM growth 3Y51.27%
PM growth 5YN/A
GM growth 3Y5.68%
GM growth 5Y7.93%
F-Score5
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 3.42
Debt/FCF 11.62
Debt/EBITDA 3.68
Cap/Depr 75.86%
Cap/Sales 12.04%
Interest Coverage 3.13
Cash Conversion 61.38%
Profit Quality 1238.19%
Current Ratio 0.9
Quick Ratio 0.82
Altman-Z 1.32
F-Score5
WACC11.08%
ROIC/WACC0.74
Cap/Depr(3y)104.14%
Cap/Depr(5y)100.31%
Cap/Sales(3y)17.24%
Cap/Sales(5y)17.32%
Profit Quality(3y)109.22%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.48%
EPS 3Y70.66%
EPS 5YN/A
EPS Q2Q%26.09%
EPS Next Y-78.09%
EPS Next 2Y4.14%
EPS Next 3Y10.05%
EPS Next 5Y26.17%
Revenue 1Y (TTM)6.31%
Revenue growth 3Y22.93%
Revenue growth 5Y25.77%
Sales Q2Q%-0.56%
Revenue Next Year1.08%
Revenue Next 2Y1.8%
Revenue Next 3Y4.8%
Revenue Next 5Y15.47%
EBIT growth 1Y-8.48%
EBIT growth 3Y39.41%
EBIT growth 5Y92.83%
EBIT Next Year50.63%
EBIT Next 3Y18.53%
EBIT Next 5YN/A
FCF growth 1Y63.38%
FCF growth 3Y64.04%
FCF growth 5YN/A
OCF growth 1Y-13%
OCF growth 3Y35.68%
OCF growth 5Y82.99%