(WAWI) Wallenius Wilhelmsen - OL
Sector: Industrials | Industry: Marine Shipping | Exchange: OL (Norway) | Market Cap: 56.359m NOK | Total Return: 81.9% in 12m
Avg Turnover: 39.1M
EPS Trend: 70.1%
Qual. Beats: 0
Rev. Trend: 66.3%
Qual. Beats: 0
Warnings
Beneish M-Score -1.47 > -1.5 - likely earnings manipulation
Altman Z'' -11.35 < 1.0 - financial distress zone
Tailwinds
Idiosyncratic Leader
Wallenius Wilhelmsen ASA is a Norway-based provider of ocean transportation and land-based logistics, specializing in Roll-on/Roll-off (RoRo) cargo. The company operates through three primary segments: Shipping, Logistics, and Government Services, managing a fleet of 127 vessels across 15 global trade routes.
The business model integrates maritime transport with inland distribution, utilizing vehicle and equipment processing centers to service diverse sectors including automotive, construction, and mining. RoRo shipping is a specialized niche within marine transportation designed for wheeled cargo, requiring high-specification vessels with adjustable decks to accommodate varying equipment heights and weights.
Beyond freight, the company provides comprehensive ship management services such as technical maintenance, crewing, and insurance brokerage. Global RoRo operations are often sensitive to cyclical shifts in the automotive and heavy machinery industries, as these sectors drive the majority of volume for specialized vehicle carriers.
- Global automotive demand and RoRo vessel capacity constraints drive freight rates
- High and heavy equipment volumes impact Shipping and Logistics margins
- Fleet renewal and dual-fuel vessel investments influence long-term capital allocation
- Decarbonization regulations and EU ETS compliance costs affect operational expenses
| Net Income: 3.34b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.65 > 0.02 and ΔFCF/TA 46.74 > 1.0 |
| NWC/Revenue: -122.1% < 20% (prev 5.63%; Δ -127.7% < -1%) |
| CFO/TA 0.93 > 3% & CFO 7.28b > Net Income 3.34b |
| Net Debt (30.3b) to EBITDA (5.83b): 5.19 < 3 |
| Current Ratio: 0.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (422.8m) vs 12m ago 0.51% < -2% |
| Gross Margin: 50.40% > 18% (prev 89.09%; Δ -38.69% > 0.5%) |
| Asset Turnover: 213.9% > 50% (prev 63.19%; Δ 150.7% > 0%) |
| Interest Coverage Ratio: 9.57 > 6 (EBIT TTM 5.18b / Interest Expense TTM 541.9m) |
| A: -2.71 (Total Current Assets 2.04b - Total Current Liabilities 23.2b) / Total Assets 7.82b |
| B: 0.42 (Retained Earnings 3.27b / Total Assets 7.82b) |
| C: 0.64 (EBIT TTM 5.18b / Avg Total Assets 8.11b) |
| D: 0.73 (Book Value of Equity 3.29b / Total Liabilities 4.52b) |
| Altman-Z'' = -11.35 = D |
| DSRI: 0.26 (Receivables 558.0m/655.0m, Revenue 17.3b/5.31b) |
| GMI: 1.77 (GM 89.09% / 50.40%) |
| AQI: 0.82 (AQ_t 0.05 / AQ_t-1 0.06) |
| SGI: 3.27 (Revenue 17.3b / 5.31b) |
| TATA: -0.50 (NI 3.34b - CFO 7.28b) / TA 7.82b) |
| Beneish M = -1.47 (Cap -4..+1) = D |
As of June 20, 2026, the stock is trading at NOK 127.60 with a total of 382,713 shares traded.
Over the past week, the price has changed by -8.07%,
over one month by +1.11%,
over three months by +1.19% and
over the past year by +81.94%.
Wallenius Wilhelmsen has no consensus analysts rating.
Market Cap USD = 5.93b (56.4b NOK * 0.1052 NOK.USD)
P/E Trailing = 5.8235
P/E Forward = 8.6059
P/S = 10.8465
P/B = 1.8017
Revenue TTM = 17.3b USD
EBIT TTM = 5.18b USD
EBITDA TTM = 5.83b USD
Long Term Debt = 865.0m USD (from longTermDebt, last quarter)
Short Term Debt = 398.0m USD (from shortLongTermDebt, last quarter)
Debt = 31.3b USD (from shortLongTermDebtTotal, two quarters ago) + Leases 1.54b
Net Debt = 30.3b USD (calculated: Debt 31.3b - CCE 1.07b)
Enterprise Value = 36.2b USD (5.93b + Debt 31.3b - CCE 1.07b)
Interest Coverage Ratio = 9.57 (Ebit TTM 5.18b / Interest Expense TTM 541.9m)
EV/FCF = 7.08x (Enterprise Value 36.2b / FCF TTM 5.11b)
FCF Yield = 14.12% (FCF TTM 5.11b / Enterprise Value 36.2b)
FCF Margin = 29.47% (FCF TTM 5.11b / Revenue TTM 17.3b)
Net Margin = 19.24% (Net Income TTM 3.34b / Revenue TTM 17.3b)
Gross Margin = 50.40% ((Revenue TTM 17.3b - Cost of Revenue TTM 8.60b) / Revenue TTM)
Gross Margin QoQ = 86.84% (prev 39.59%)
Tobins Q-Ratio = 4.63 (Enterprise Value 36.2b / Total Assets 7.82b)
Interest Expense / Debt = 1.73% (Interest Expense 541.9m / Debt 31.3b)
Taxrate = 1.10% (42.0m / 3.80b)
NOPAT = 5.13b (EBIT 5.18b * (1 - 1.10%))
Current Ratio = 0.09 (Total Current Assets 2.04b / Total Current Liabilities 23.2b)
Debt / Equity = 9.52 (Debt 31.3b / totalStockholderEquity, last quarter 3.29b)
Debt / EBITDA = 5.19 (Net Debt 30.3b / EBITDA 5.83b)
Debt / FCF = 5.92 (Net Debt 30.3b / FCF TTM 5.11b)
Total Stockholder Equity = 10.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 41.16% (Net Income 3.34b / Total Assets 7.82b)
RoE = 32.62% (Net Income TTM 3.34b / Total Stockholder Equity 10.2b)
RoCE = 46.71% (EBIT 5.18b / Capital Employed (Equity 10.2b + L.T.Debt 865.0m))
RoIC = 112.5% (NOPAT 5.13b / Invested Capital 4.56b)
WACC = 2.60% (E(5.93b)/V(37.3b) * Re(7.30%) + D(31.3b)/V(37.3b) * Rd(1.73%) * (1-Tc(0.01)))
Discount Rate = 7.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -52.29 | Cagr: -0.31%
[DCF] Terminal Value 77.97% ; FCFF base≈3.69b ; Y1≈4.23b ; Y5≈6.23b
[DCF] Fair Price = 150.2 (EV 93.8b - Net Debt 30.3b = Equity 63.5b / Shares 422.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 70.09 | EPS CAGR: 6.72% | SUE: -0.60 | # QB: 0
Revenue Correlation: 66.34 | Revenue CAGR: 41.04% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.32 | Chg30d=-28.83% | Revisions=-43% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.41 | Chg30d=-3.83% | Revisions=-14% | Analysts=5
EPS current Year (2026-12-31): EPS=1.58 | Chg30d=-7.49% | Revisions=-25% | GrowthEPS=-25.7% | GrowthRev=+0.8%
EPS next Year (2027-12-31): EPS=1.27 | Chg30d=-0.58% | Revisions=-25% | GrowthEPS=-19.7% | GrowthRev=-3.6%
[Analyst] Revisions Ratio: -43%