Willscot Holdings Corp

Industrials
Misc Corporate Leasing Services
www.willscot.com

Earnings Score
Moat Score
Safety Score

Market Cap $7.32B
PE 290
Debt $3.65B
Cash $11.05M
EV $10.97B
FCF $580.44M

Earnings

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Sales & Net Margins

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Earnings	$25.24M
EBIT	$266.67M
ROE	2%
ROA	4%
FCF	$580.44M
Equity	$1.05B
Growth Stability	100%
PE	290.18
PEG	5.58
PB	6.95
P/FCF	12.62
P/S	3.04
Price/Cash	0
Debt/Equity	3.47
Debt/FCF	6.29
Net Margins	-3%
Gross Margins	54%
Op. Margins	11%
Earnings CAGR	48%
Sales Growth YoY	-1%
Sales Growth QoQ	-1%
Sales CAGR	23%
FCF CAGR	50%
Equity CAGR	94%
Earnings Stability	0.32
Earnings Growth YoY	-177%
Earnings Growth QoQ	50%

Earnings CAGR 5Y	52%
Sales CAGR 5Y	21%
FCF CAGR 5Y	37%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	9%
Sales CAGR 3Y	9%
FCF CAGR 3Y	11%
Equity CAGR 3Y	-20%
Market Cap	$7.32B
Revenue	$2.41B
Assets	$6.04B
Total Debt	$3.65B
Cash	$11.05M
Shares Outstanding	187.05M
EV	10.97B
Earnings Score	26%
Moat Score	31%
Safety Score	72%
Final Score	43%
Working Capital	-61.1M
Current Ratio	0.9
Gross Profit	$1.31B
Shares Growth 3y	-7%
Equity Growth QoQ	-12%
Equity Growth YoY	-20%

Assets & ROA

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Stockholders Equity & ROE

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WillScot Mobile Mini Holdings Corp is a North American company providing modular space and portable storage solutions. The company leases turnkey office space and storage solutions for temporary applications across a diverse customer base in the commercial and industrial, construction, retail, education, health care, government, transportation, security, and energy sectors. Its operating segment includes North America Modular; North America Storage; United Kingdom Storage and Tank and Pump. The company generates maximum revenue from the NA Modular segment. Geographically, it derives a majority of revenue from the United States.

SEC Filings

Direct access to Willscot Holdings Corp (WSC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Willscot Holdings Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Willscot Holdings Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 48%

Stability 32%

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Willscot Holdings Corp Discounted Cash Flow

Fully customizable DCF calculator online for Willscot Holdings Corp.

Years

Calculation mode

= $175B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$580M	$871M	$1.3B	$2B	$2.9B	$4.4B	$6.6B	$9.9B	$15B	$22B	$33B	$335B
DCF		$792M	$1.1B	$1.5B	$2B	$2.7B	$3.7B	$5.1B	$6.9B	$9.5B	$13B	$129B
Value	$175B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-34%	-7%	-1%	5%	8%	16%	20%	-3%
ROA	-	-0%	-4%	0%	4%	3%	6%	9%	11%	4%
ROE	-	-134%	-31%	-8%	-2%	3%	8%	22%	38%	2%

Bad Net Margins (-3.41%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-108.23	51.6	9.94	8.62	5.36	4.41	4.84	6.29
Debt over Equity	-	28.51	1.3	2.39	2.3	1.16	1.37	1.97	2.84	3.47
Growth Stability	-	-	-	-	-	-	100%	100%	100%	100%

Bad Debt/FCF ratio (6.29)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (3.47)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	68%	42%	29%	39%	13%	10%	21%
Earnings YoY growth	-	619K%	384%	-64%	-78%	-712%	127%	112%	40%	52%
Equity YoY growth	-	-	2K%	45%	1%	202%	-7%	-22%	-19%	2%
FCF YoY growth	-	-	-110%	-660%	405%	76%	77%	38%	5%	37%