Wilh Wilhelmsen Holding ASA A (WWI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Wilh Wilhelmsen Holding ASA A stock NOK 563, price NOK 865, that is 35.0% below the price, quality 67 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range kr 139.91 – kr 948.00 · fair‑value band kr 382.77 – kr 788.35 · the kr 865.00 price screens above the kr 562.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide. It operates through three segments: Maritime Services, New Energy, and Strategic Holdings and Investments.
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The company offers pumps, marine chemicals, air tools, workshop equipment, cleaning equipment, gases, refrigerants and cylinders, refrigeration equipment, welding, environmental, ropes, specialty marine lubricants, and marine emission control solutions. it also provides ship management, including crewing, technical and management, agency, freight and liner, and shared services; various maritime logistics and ships agency services for ports; digital products and various other solutions for ship services; technical management, crew management, emission management, opex management, and auxiliary ship services for ship management; energy infrastructure, offshore wind, and technology and decarbonization solutions for energy; international maritime training center; insurance services; Wilner governmental services; marine supply system; and global business services.
In addition, it offers finance, HR, and IT services. The company also provides transportation and logistics. The company was founded in 1861 and is headquartered in Lysaker, Norway. Wilh. Wilhelmsen Holding ASA is a subsidiary of Tallyman AS.
Stock analysis
Wilh Wilhelmsen Holding ASA A (WWI) currently trades at kr 865.00, while our model-based Fair Value estimate is kr 562.67, 35% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 2,605 per share, and 7 of the 26 models we run sit above the kr 865.00 price.
Bear case: the Dividend Discount group reads lowest at kr 315.75, and 19 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 382.77 (bear) to kr 788.35 (bull), the price of kr 865.00 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 67/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wilh Wilhelmsen Holding ASA A reported revenue of $1.2B in FY2025 versus $873M in FY2021, a compound +9.0%/yr. Reported net income was $653M in FY2025, compounding +87.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 36.3B NOK (≈ $3.8B) Mid · P/E ratio 6.9 · P/S ratio 3.66 · EPS (TTM) kr 125.01 · Dividend yield 3.1% · Net margin 52.9% · Return on equity 20.6% · Return on assets (EBIT) 4.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 77% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −35%, WWI screens richer than that median.
Fair Value models
Bearkr 382.77Fair Value kr 562.67Bullkr 788.35
Price kr 865.00 · Downside -35.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 84.01 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.6%
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.
+9.4%
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.
+8.9%
Start year 2020 (pandemic). Over 10 years: −0.6% a year
Revenue growth 25 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.
+2.4%
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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. Basis: EBIT basis.
−0.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)3.1%
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.44.4% vs 13.6%, picking up
Profit margin 2020 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.3% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
+12.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +9.4% a year for the price.
News mood ⓘNews mood, the average tone of recent news (9 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: High margins stand out as the primary strength in an otherwise average durability profile, while the lack of substantial public data leaves sustainability and competitive position unconfirmed.
Main risk: Trade volatility combined with regulatory shifts could increase capital needs and pressure returns on the stake in Wallenius Wilhelmsen.
Wilh. Wilhelmsen Holding holds a substantial stake in Wallenius Wilhelmsen, which recently raised capital through a private placement to fund new LNG dual-fuel car carriers. This move supports expansion in vehicle logistics amid fleet renewal, yet it adds to capital needs in an industry facing trade volatility and regulatory shifts. Does the potential from these investments outweigh the execution risks and ongoing uncertainties?
Compare Wilh Wilhelmsen Holding ASA A with another stock
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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.Marine Shipping · 220 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−35.0% · Bottom 25%
Profitability
Return on equity (12 months)20.6% · Top 25%
Return on assets14.8% · Top 25%
Net margin (12 months)42.3% · Top 25%
Operating margin (12 months)12.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.9% · Bottom 25%
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.08× · Lowest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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). "Wilh Wilhelmsen Holding ASA A Fair Value". https://www.fairvalue-calculator.com/stock/WWI
Frequently asked questions
Is Wilh Wilhelmsen Holding ASA A (WWI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of kr 562.67 versus a price of kr 865.00, about 35% lower (overvalued).
What is the fair value of WWI?
Our model-based fair value for Wilh Wilhelmsen Holding ASA A is kr 562.67 (as of Nov 8, 2026), built from audited fundamentals. The current price: kr 865.00.
What is the quality score of WWI?
Wilh Wilhelmsen Holding ASA A has a Quality Score of 67/100. 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 Wilh Wilhelmsen Holding ASA A (WWI)?
Our model-based price target is the fair value of kr 562.67 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario kr 382.77, optimistic scenario kr 788.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Wilh Wilhelmsen Holding ASA A stock forecast for 2026?
Our models put fair value at kr 562.67, about 35% lower versus a price of kr 865.00 (overvalued). Cautious scenario kr 382.77, optimistic scenario kr 788.35. The calculation is refreshed regularly with new filings.
What is the revenue of Wilh Wilhelmsen Holding ASA A (WWI)?
Wilh Wilhelmsen Holding ASA A reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Nov 8, 2026).
Does Wilh Wilhelmsen Holding ASA A pay a dividend?
Wilh Wilhelmsen Holding ASA A currently shows a dividend yield of 3.09% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Wilh Wilhelmsen Holding ASA A (WWI) and when is the ex-dividend date?
Wilh Wilhelmsen Holding ASA A pays a dividend of kr 26.73 per share a year, a dividend yield of 3.1%. The last ex-dividend date was May 4, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 13.9% of earnings. Free cash flow covers the dividend 1.57 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Wilh Wilhelmsen Holding ASA A (WWI)?
For today's price to be fair in a discounted-cash-flow model, Wilh Wilhelmsen Holding ASA A would have to grow free cash flow by +12.0 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of WWI use?
Our models discount Wilh Wilhelmsen Holding ASA A at 8.9 %: a base by market capitalisation (mid), damped by beta 0.76, country premium for Norway. 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 Wilh Wilhelmsen Holding ASA A that is +12.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Wilh Wilhelmsen Holding ASA A (WWI) delivered so far?
Over the past 5 years revenue at Wilh Wilhelmsen Holding ASA A grew +8.9 % a year. The price currently implies free-cash-flow growth of +12.0 % per 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 Wilh Wilhelmsen Holding ASA A (WWI) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Wilh Wilhelmsen Holding ASA A (+12.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wilh Wilhelmsen Holding ASA A (WWI)?
The free-cash-flow yield on the price is 3.70 %: that much free cash flow Wilh Wilhelmsen Holding ASA A produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wilh Wilhelmsen Holding ASA A (WWI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wilh Wilhelmsen Holding ASA A it is kr 562.67 per share (as of Nov 8, 2026), against a price of kr 865.00. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Wilh Wilhelmsen Holding ASA A stock overvalued or undervalued in 2026?
As of Nov 8, 2026, WWI trades above its calculated fair value: price kr 865.00, fair value kr 562.67, a gap of about −35% (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 WWI?
No. The price is what the market pays today (kr 865.00); the fair value is what the company's own numbers justify (kr 562.67). For Wilh Wilhelmsen Holding ASA A the two are kr 302.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wilh Wilhelmsen Holding ASA A worth?
The market values Wilh Wilhelmsen Holding ASA A at about 36.3B NOK (market capitalisation, as of Nov 8, 2026). Per share that is kr 865.00; our models calculate a fair value of kr 562.67 per share.
What do the bullish and bearish scenarios say about WWI?
Our models span a range for Wilh Wilhelmsen Holding ASA A: cautious scenario kr 382.77, base kr 562.67, optimistic kr 788.35 per share (as of Nov 8, 2026, price kr 865.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WWI?
Wilh Wilhelmsen Holding ASA A trades at a price-to-earnings ratio of 6.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 562.67 is built from several models across several years. Other multiples: PEG 3.3, P/B 1.2, P/S 3.1, EV/EBITDA 23.7.
What is the PEG ratio of WWI?
The PEG ratio of Wilh Wilhelmsen Holding ASA A is 3.32 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Wilh Wilhelmsen Holding ASA A (WWI)?
Balance-sheet figures for Wilh Wilhelmsen Holding ASA A (as of Nov 8, 2026): return on equity 20.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is WWI from its 52-week high?
Wilh Wilhelmsen Holding ASA A trades at kr 865.00, about 9% below its 52-week high of kr 948.00 and 77% above the low of kr 489.83 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of kr 562.67 is for.
Which stocks are comparable to Wilh Wilhelmsen Holding ASA A?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Wilh Wilhelmsen Holding ASA A stock attractive at the current price?
The data as of Nov 8, 2026: price kr 865.00, calculated fair value kr 562.67 (−35%), Quality Score 67/100, from 26 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 WWI calculated?
We run Wilh Wilhelmsen Holding ASA A through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of kr 562.67 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Wilh Wilhelmsen Holding ASA A 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 Wilh Wilhelmsen Holding ASA A (WWI)?
The closing price on Nov 6, 2026 was kr 865.00. Our model-based fair value is kr 562.67, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wilh Wilhelmsen Holding ASA A right now?
The price sits above even our optimistic bull case (kr 788.35). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (kr 382.77 to kr 788.35) leaves room in how you read the outcome.
Where does the earnings growth of Wilh Wilhelmsen Holding ASA A (WWI) come from?
Earnings per share at Wilh Wilhelmsen Holding ASA A grew −5.8 % a year from 2012 to 2022. Broken into its drivers: revenue per share −4.3 %, EBIT margin −4.2 %, tax rate −0.3 %, residual (interest, one-offs) +3.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wilh Wilhelmsen Holding ASA A
How large is the market capitalisation of Wilh Wilhelmsen Holding ASA A (WWI)?
The market capitalisation of Wilh Wilhelmsen Holding ASA A is 36.3B NOK (≈ $3.8B). 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 Wilh Wilhelmsen Holding ASA A (WWI)?
The price-to-sales ratio of Wilh Wilhelmsen Holding ASA A is 3.66 (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 Wilh Wilhelmsen Holding ASA A (WWI)?
Earnings per share at Wilh Wilhelmsen Holding ASA A are kr 125.01 (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wilh Wilhelmsen Holding ASA A (WWI)?
The dividend yield of Wilh Wilhelmsen Holding ASA A is 3.1% (payout 21.4%). 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 Wilh Wilhelmsen Holding ASA A (WWI)?
The net margin of Wilh Wilhelmsen Holding ASA A is 52.9% (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 Wilh Wilhelmsen Holding ASA A (WWI)?
The return on equity (ROE) of Wilh Wilhelmsen Holding ASA A is 20.6% (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 Wilh Wilhelmsen Holding ASA A (WWI)?
On an EBIT basis the return on assets of Wilh Wilhelmsen Holding ASA A is 4.7% (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 Wilh Wilhelmsen Holding ASA A (WWI)?
The operating margin of Wilh Wilhelmsen Holding ASA A is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wilh Wilhelmsen Holding ASA A (WWI)?
Revenue at Wilh Wilhelmsen Holding ASA A is growing +0.9% versus a year earlier (3y avg +9.4%). 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 Wilh Wilhelmsen Holding ASA A (WWI)?
Earnings per share at Wilh Wilhelmsen Holding ASA A are growing −41.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wilh Wilhelmsen Holding ASA A (WWI) carry?
The net debt of Wilh Wilhelmsen Holding ASA A is $66.0M (fiscal year 2025, ≈ 0.5 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
Nov 8, 2026