WILLSCOT HOLDINGS CORP (WSC) Stock Fundamental Analysis
USA - NASDAQ:WSC - US9713781048 - Common Stock
23.01 USD
-0.53 (-2.25%)
23.05 USD
+0.04 (+0.17%)
Overall WSC gets a fundamental rating of 4 out of 10. We evaluated WSC against 52 industry peers in the Construction & Engineering industry. WSC has a medium profitability rating, but doesn't score so well on its financial health evaluation. WSC has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
WSC had positive earnings in the past year.
WSC had a positive operating cash flow in the past year.
In the past 5 years WSC has always been profitable.
Each year in the past 5 years WSC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.80%, WSC is in line with its industry, outperforming 42.31% of the companies in the same industry.
WSC has a Return On Equity of 10.61%. This is comparable to the rest of the industry: WSC outperforms 57.69% of its industry peers.
WSC's Return On Invested Capital of 7.84% is fine compared to the rest of the industry. WSC outperforms 61.54% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WSC is significantly below the industry average of 17.22%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 10.61% | ||
| ROIC | 7.84% |
ROA(3y)4.68%
ROA(5y)3.63%
ROE(3y)20.74%
ROE(5y)14.77%
ROIC(3y)8.51%
ROIC(5y)6.84%
1.3 Margins
WSC has a Profit Margin of 4.66%. This is in the better half of the industry: WSC outperforms 63.46% of its industry peers.
In the last couple of years the Profit Margin of WSC has declined.
Looking at the Operating Margin, with a value of 24.23%, WSC belongs to the top of the industry, outperforming 98.08% of the companies in the same industry.
In the last couple of years the Operating Margin of WSC has grown nicely.
WSC has a Gross Margin of 53.31%. This is amongst the best in the industry. WSC outperforms 96.15% of its industry peers.
In the last couple of years the Gross Margin of WSC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 4.66% | ||
| GM | 53.31% |
OM growth 3Y8.73%
OM growth 5Y16.39%
PM growth 3Y-50.31%
PM growth 5YN/A
GM growth 3Y2.48%
GM growth 5Y6.94%
2. Health
2.1 Basic Checks
WSC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for WSC has been reduced compared to 1 year ago.
Compared to 5 years ago, WSC has more shares outstanding
The debt/assets ratio for WSC is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.03, we must say that WSC is in the distress zone and has some risk of bankruptcy.
WSC has a worse Altman-Z score (1.03) than 75.00% of its industry peers.
The Debt to FCF ratio of WSC is 13.62, which is on the high side as it means it would take WSC, 13.62 years of fcf income to pay off all of its debts.
WSC has a Debt to FCF ratio of 13.62. This is comparable to the rest of the industry: WSC outperforms 40.38% of its industry peers.
WSC has a Debt/Equity ratio of 3.55. This is a high value indicating a heavy dependency on external financing.
WSC has a Debt to Equity ratio of 3.55. This is amonst the worse of the industry: WSC underperforms 82.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.55 | ||
| Debt/FCF | 13.62 | ||
| Altman-Z | 1.03 |
ROIC/WACC0.82
WACC9.55%
2.3 Liquidity
WSC has a Current Ratio of 0.81. This is a bad value and indicates that WSC is not financially healthy enough and could expect problems in meeting its short term obligations.
WSC has a worse Current ratio (0.81) than 78.85% of its industry peers.
A Quick Ratio of 0.74 indicates that WSC may have some problems paying its short term obligations.
WSC has a worse Quick ratio (0.74) than 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
WSC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.19%.
WSC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 38.42% yearly.
WSC shows a decrease in Revenue. In the last year, the revenue decreased by -2.34%.
The Revenue has been growing by 17.63% on average over the past years. This is quite good.
EPS 1Y (TTM)-7.19%
EPS 3Y38.42%
EPS 5YN/A
EPS Q2Q%-45.83%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y12.71%
Revenue growth 5Y17.63%
Sales Q2Q%-2.56%
3.2 Future
WSC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.77% yearly.
WSC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.80% yearly.
EPS Next Y-31.93%
EPS Next 2Y-8.52%
EPS Next 3Y1.77%
EPS Next 5YN/A
Revenue Next Year-3.05%
Revenue Next 2Y0%
Revenue Next 3Y1.8%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.85 indicates a correct valuation of WSC.
88.46% of the companies in the same industry are more expensive than WSC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.30, WSC is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 15.03, the valuation of WSC can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WSC indicates a rather cheap valuation: WSC is cheaper than 92.31% of the companies listed in the same industry.
WSC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.85 | ||
| Fwd PE | 15.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WSC indicates a rather cheap valuation: WSC is cheaper than 92.31% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, WSC is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.42 | ||
| EV/EBITDA | 8.15 |
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 2Y-8.52%
EPS Next 3Y1.77%
5. Dividend
5.1 Amount
WSC has a Yearly Dividend Yield of 1.19%. Purely for dividend investing, there may be better candidates out there.
WSC's Dividend Yield is rather good when compared to the industry average which is at 1.56. WSC pays more dividend than 98.08% of the companies in the same industry.
With a Dividend Yield of 1.19, WSC pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
5.2 History
WSC does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y-8.52%
EPS Next 3Y1.77%
23.01
-0.53 (-2.25%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners112.73%
Inst Owner Change-8.12%
Ins Owners1.21%
Ins Owner Change0.11%
Market Cap4.19B
Analysts74.29
Price Target35.86 (55.85%)
Short Float %7.69%
Short Ratio6.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.14%
Min EPS beat(2)-27.24%
Max EPS beat(2)-17.04%
EPS beat(4)1
Avg EPS beat(4)3.54%
Min EPS beat(4)-27.24%
Max EPS beat(4)58.96%
EPS beat(8)3
Avg EPS beat(8)0.82%
EPS beat(12)6
Avg EPS beat(12)6.8%
EPS beat(16)9
Avg EPS beat(16)7.92%
Revenue beat(2)0
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)-0.22%
Revenue beat(4)0
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-3.62%
Max Revenue beat(4)-0.22%
Revenue beat(8)1
Avg Revenue beat(8)-1.65%
Revenue beat(12)2
Avg Revenue beat(12)-2.18%
Revenue beat(16)2
Avg Revenue beat(16)-3.83%
PT rev (1m)0%
PT rev (3m)-4.35%
EPS NQ rev (1m)-10.44%
EPS NQ rev (3m)-27.08%
EPS NY rev (1m)-21.06%
EPS NY rev (3m)-21.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.89%
Revenue NY rev (1m)-1.55%
Revenue NY rev (3m)-1.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.85 | ||
| Fwd PE | 15.03 | ||
| P/S | 1.78 | ||
| P/FCF | 15.42 | ||
| P/OCF | 7.11 | ||
| P/B | 4.05 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.15 |
EPS(TTM)1.55
EY6.74%
EPS(NY)1.53
Fwd EY6.66%
FCF(TTM)1.49
FCFY6.48%
OCF(TTM)3.24
OCFY14.07%
SpS12.92
BVpS5.68
TBVpS-2.58
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 10.61% | ||
| ROCE | 10.46% | ||
| ROIC | 7.84% | ||
| ROICexc | 7.86% | ||
| ROICexgc | 10.86% | ||
| OM | 24.23% | ||
| PM (TTM) | 4.66% | ||
| GM | 53.31% | ||
| FCFM | 11.55% |
ROA(3y)4.68%
ROA(5y)3.63%
ROE(3y)20.74%
ROE(5y)14.77%
ROIC(3y)8.51%
ROIC(5y)6.84%
ROICexc(3y)8.52%
ROICexc(5y)6.85%
ROICexgc(3y)11.77%
ROICexgc(5y)9.61%
ROCE(3y)11.36%
ROCE(5y)9.12%
ROICexcg growth 3Y18.48%
ROICexcg growth 5Y21.69%
ROICexc growth 3Y21.05%
ROICexc growth 5Y17.88%
OM growth 3Y8.73%
OM growth 5Y16.39%
PM growth 3Y-50.31%
PM growth 5YN/A
GM growth 3Y2.48%
GM growth 5Y6.94%
F-Score4
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.55 | ||
| Debt/FCF | 13.62 | ||
| Debt/EBITDA | 3.75 | ||
| Cap/Depr | 77.83% | ||
| Cap/Sales | 13.5% | ||
| Interest Coverage | 2.71 | ||
| Cash Conversion | 60.24% | ||
| Profit Quality | 247.56% | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.03 |
F-Score4
WACC9.55%
ROIC/WACC0.82
Cap/Depr(3y)97.68%
Cap/Depr(5y)93.33%
Cap/Sales(3y)15.25%
Cap/Sales(5y)15.81%
Profit Quality(3y)372.04%
Profit Quality(5y)283.37%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.19%
EPS 3Y38.42%
EPS 5YN/A
EPS Q2Q%-45.83%
EPS Next Y-31.93%
EPS Next 2Y-8.52%
EPS Next 3Y1.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y12.71%
Revenue growth 5Y17.63%
Sales Q2Q%-2.56%
Revenue Next Year-3.05%
Revenue Next 2Y0%
Revenue Next 3Y1.8%
Revenue Next 5YN/A
EBIT growth 1Y-9.47%
EBIT growth 3Y22.55%
EBIT growth 5Y36.91%
EBIT Next Year68.55%
EBIT Next 3Y23.25%
EBIT Next 5YN/A
FCF growth 1Y-33.19%
FCF growth 3Y4.35%
FCF growth 5YN/A
OCF growth 1Y-22.63%
OCF growth 3Y1.32%
OCF growth 5Y26.61%