Washington H Soul Pattinson & Company Ltd (SOL) fair value: what the stock is really worth
We calculate from audited financials what Washington H Soul Pattinson & Company Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range A$20.24 – A$46.92 · fair‑value band A$8.95 – A$18.68 · the A$45.08 price screens above the A$14.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
WHSP Holdings Limited, an investment company, engages in investing various industries and asset classes in Australia. It operates through six segments: Listed Companies, Private Companies, Emerging Companies Portfolio, Real Assets, Credit Portfolio, and Treasury.
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WHSP Holdings Limited, an investment company, engages in investing various industries and asset classes in Australia. It operates through six segments: Listed Companies, Private Companies, Emerging Companies Portfolio, Real Assets, Credit Portfolio, and Treasury. The company invests in largely uncorrelated listed companies; managed listed equities; unlisted and growing companies; credit related financial instruments; and property development. It also engages in the manufacturing, distribution, and sale of building products. The company was formerly known as WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED and changed its name to WHSP Holdings Limited in September 2025. WHSP Holdings Limited was founded in 1872 and is headquartered in Sydney, Australia.
Stock analysis
Washington H Soul Pattinson & Company Ltd (SOL) currently trades at A$45.08, while our model-based Fair Value estimate is A$14.62, implying the stock looks roughly 208.4% overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of A$18.15 per share, and 0 of the 11 models we run sit above the A$45.08 price.
Bear case: the Growth DCF group reads lowest at A$4.67, and 11 of the 11 models stay below the price. Evidence for this calculation is high.
Scenario range: A$8.95 (bear) to A$18.68 (bull), the price of A$45.08 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Washington H Soul Pattinson & Company Ltd reported revenue of A$613M in FY2025 versus A$1.1B in FY2021, a compound −13.0%/yr. Reported net income was A$364M in FY2025, compounding +7.5%/yr from FY2021.
Key figures
Market cap A$17.5B (≈ $12.5B) · P/E ratio 7.0 · P/S ratio 4.17 · EPS (TTM) A$6.42 · Dividend yield 2.4% · Net margin 59.4% · Return on equity 20.7% · Return on assets (EBIT) 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at −68%, SOL screens richer than that median.
Fair Value models
Bear A$8.95Fair Value A$14.62Bull A$18.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$5.35 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−37.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.2%
Revenue growth 36 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0% vs 7%, slowing
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → −44%
⚠ Revenue per share shrinking 5.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.4%
Yearly growth needed for the next five years to justify today's price.
Compare Washington H Soul Pattinson & Company Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 457 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−67% · Bottom 25%
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)82% · Top 25%
Operating margin (TTM)67% · Top 25%
Growth and dividend
Revenue growth176% · Top 25%
Dividend yield (TTM)2.4% · Above median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Capital Markets median · lower = cheaper
P/E (TTM)7.0× · Cheapest 25%
P/B1.34× · Pricier than median
P/S (TTM)4.45× · Pricier than median
P/FCF61.4× · Priciest 25%
EV/EBITDA7.1× · Cheaper than median
PEG3.55× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)100· sector 91
PAST (return on equity)83· sector 30
HEALTH (low debt)100· sector 95
DIVIDEND (yield)47· sector 39
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Washington H Soul Pattinson & Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SOL
Frequently asked questions
Is Washington H Soul Pattinson & Company Ltd (SOL) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of A$14.62 versus a price of A$45.08, about −68% upside (overvalued).
What is the fair value of SOL?
Our model-based fair value for Washington H Soul Pattinson & Company Ltd is A$14.62 (as of Sep 18, 2026), built from audited fundamentals. The current price: A$45.08.
What is the quality score of SOL?
Washington H Soul Pattinson & Company Ltd has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Washington H Soul Pattinson & Company Ltd (SOL)?
Our model-based price target is the fair value of A$14.62 (as of Sep 18, 2026) from 11 valuation models. Cautious scenario A$8.95, optimistic scenario A$18.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Washington H Soul Pattinson & Company Ltd stock forecast for 2026?
Our models put fair value at A$14.62, about −68% upside versus a price of A$45.08 (overvalued). Cautious scenario A$8.95, optimistic scenario A$18.68. The calculation is refreshed regularly with new filings.
Does Washington H Soul Pattinson & Company Ltd pay a dividend?
Washington H Soul Pattinson & Company Ltd currently shows a dividend yield of about 2.37% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Washington H Soul Pattinson & Company Ltd (SOL)?
For today's price to be fair in a discounted-cash-flow model, Washington H Soul Pattinson & Company Ltd would have to grow free cash flow by +27.4 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -14.2 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of SOL use?
Our models discount Washington H Soul Pattinson & Company Ltd at 7.9 %: a base by market capitalisation (large), damped by beta 0.15, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Washington H Soul Pattinson & Company Ltd that is +27.4 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has Washington H Soul Pattinson & Company Ltd (SOL) delivered so far?
Over the past 5 years revenue at Washington H Soul Pattinson & Company Ltd grew -14.2 % a year. The price currently implies +27.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Washington H Soul Pattinson & Company Ltd (SOL) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Washington H Soul Pattinson & Company Ltd (+27.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Washington H Soul Pattinson & Company Ltd (SOL)?
The free-cash-flow yield on the price is 1.39 %: that much free cash flow Washington H Soul Pattinson & Company Ltd produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Washington H Soul Pattinson & Company Ltd (SOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Washington H Soul Pattinson & Company Ltd it is A$14.62 per share (as of Sep 18, 2026), against a price of A$45.08. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Washington H Soul Pattinson & Company Ltd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, SOL trades above its calculated fair value: price A$45.08, fair value A$14.62, a gap of about −68% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SOL?
No. The price is what the market pays today (A$45.08); the fair value is what the company's own numbers justify (A$14.62). For Washington H Soul Pattinson & Company Ltd the two are A$30.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Washington H Soul Pattinson & Company Ltd worth?
The market values Washington H Soul Pattinson & Company Ltd at about A$17.5B (market capitalisation, as of Sep 18, 2026). Per share that is A$45.08; our models calculate a fair value of A$14.62 per share.
What do the bullish and bearish scenarios say about SOL?
Our models span a range for Washington H Soul Pattinson & Company Ltd: cautious scenario A$8.95, base A$14.62, optimistic A$18.68 per share (as of Sep 18, 2026, price A$45.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOL?
Washington H Soul Pattinson & Company Ltd trades at a price-to-earnings ratio of 7.0 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$14.62 is built from several models across several years. Other multiples: PEG 3.5, P/B 1.3, P/S 4.5, EV/EBITDA 7.1.
What is the PEG ratio of SOL?
The PEG ratio of Washington H Soul Pattinson & Company Ltd is 3.55 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Washington H Soul Pattinson & Company Ltd (SOL)?
Balance-sheet figures for Washington H Soul Pattinson & Company Ltd (as of Sep 18, 2026): return on equity 20.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SOL from its 52-week high?
Washington H Soul Pattinson & Company Ltd trades at A$45.08, about 1% below its 52-week high of A$44.64 and 31% above the low of A$34.39 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of A$14.62 is for.
Which stocks are comparable to Washington H Soul Pattinson & Company Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Washington H Soul Pattinson & Company Ltd stock attractive at the current price?
The data as of Sep 18, 2026: price A$45.08, calculated fair value A$14.62 (−68%), Quality Score 60/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SOL calculated?
We run Washington H Soul Pattinson & Company Ltd through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$14.62, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Washington H Soul Pattinson & Company Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Washington H Soul Pattinson & Company Ltd (SOL)?
The closing price on Sep 18, 2026 was A$45.08. Our model-based fair value is A$14.62, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Washington H Soul Pattinson & Company Ltd right now?
The price sits above even our optimistic bull case (A$18.68). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$8.95 to A$18.68) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Washington H Soul Pattinson & Company Ltd
How large is the market capitalisation of Washington H Soul Pattinson & Company Ltd (SOL)?
The market capitalisation of Washington H Soul Pattinson & Company Ltd is A$17.5B (≈ $12.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Washington H Soul Pattinson & Company Ltd (SOL)?
The price-to-sales ratio of Washington H Soul Pattinson & Company Ltd is 4.17 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Washington H Soul Pattinson & Company Ltd (SOL)?
Earnings per share at Washington H Soul Pattinson & Company Ltd are A$6.42 (price ÷ EPS = P/E 7.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Washington H Soul Pattinson & Company Ltd (SOL)?
The dividend yield of Washington H Soul Pattinson & Company Ltd is 2.4% (payout 16.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Washington H Soul Pattinson & Company Ltd (SOL)?
The net margin of Washington H Soul Pattinson & Company Ltd is 59.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Washington H Soul Pattinson & Company Ltd (SOL)?
The return on equity (ROE) of Washington H Soul Pattinson & Company Ltd is 20.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Washington H Soul Pattinson & Company Ltd (SOL)?
On an EBIT basis the return on assets of Washington H Soul Pattinson & Company Ltd is 2.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Washington H Soul Pattinson & Company Ltd (SOL)?
The operating margin of Washington H Soul Pattinson & Company Ltd is 67.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Washington H Soul Pattinson & Company Ltd (SOL)?
Revenue at Washington H Soul Pattinson & Company Ltd is growing +176% versus a year earlier (3y avg −37.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Washington H Soul Pattinson & Company Ltd (SOL)?
Earnings per share at Washington H Soul Pattinson & Company Ltd are growing +540% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Washington H Soul Pattinson & Company Ltd (SOL) carry?
The net debt of Washington H Soul Pattinson & Company Ltd is A$771M (fiscal year 2025, ≈ 3.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 18, 2026