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Wilh. Wilhelmsen Holding (WWI) Fair Value & Analysis

Industrials · NO · Market cap 30.9B NOK

WW Wilh. Wilhelmsen Holding WWI · OL
Pricekr 768.00
Fair Valuekr 567.72
Upside-26.1%
Quality66/100
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Expensive Growth
Highly profitable · 50.9% net margin
Low debt · generates free cash flow
0.39% dividend yield
Trails peers (5/15)
Moderate moat 61/100
Evidence: High Range kr 425.84 – kr 792.23 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 17, 2026, revised from kr 58.82 to kr 567.72 (+865.2%) since Jul 7, 2026. Share price +6.4% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 425.84 to kr 792.23) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 771.00 kr 139.91 Fair Value kr 567.72 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range kr 139.91 – kr 771.00 · fair‑value band kr 425.84 – kr 792.23 · the kr 768.00 price screens above the kr 567.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Wilh. Wilhelmsen Holding (WWI) currently trades at kr 768.00, while our model-based Fair Value estimate is kr 567.72, implying the stock looks roughly 26.1% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Wilh. Wilhelmsen Holding generated revenue of 1.2B NOK at a net margin of 50.9%. Revenue grew 3.4% year over year. It earns a return on equity of 20.6%. Net debt stands at 66.0M NOK. Fundamentals as of Jul 17, 2026

Our scenario range runs from kr 425.84 (bear case) to kr 792.23 (bull case); at kr 768.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 98% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -26%, WWI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF kr 37.03 kr 53.61 kr 76.73 80
Residual Income kr 103.62 kr 142.97 kr 682.97 76
Rev-Margin DCF kr 26.26 kr 39.44 kr 54.15 74
All 26 models by family
DCF Models
FCF DCF kr 36.14 kr 54.37 kr 81.15 38
Owner Earnings kr 169.53 kr 253.37 kr 376.50 31
5Y Revenue Exit kr 26.26 kr 39.02 kr 54.71 39
5Y EBITDA Exit kr 36.15 kr 56.99 kr 80.61 41
5Y P/E Exit kr 151.33 kr 266.42 kr 384.79 38
10Y Revenue Exit kr 28.89 kr 41.15 kr 56.48 36
10Y EBITDA Exit kr 35.80 kr 53.44 kr 75.73 37
10Y P/E Exit kr 108.41 kr 196.66 kr 301.89 35
Earnings-Based
Graham-Dodd kr 105.84 kr 283.36 kr 370.76 54
Lynch FV kr 55.13 kr 78.75 kr 102.38 50
PEG = 1.0 kr 55.13 kr 78.75 kr 102.38 46
EPV kr 20.18 kr 23.70 kr 26.78 59
Dividend Discount
Gordon GGM kr 18.16 kr 37.77 kr 59.91 70
DDM Multi-Stage kr 18.16 kr 28.22 kr 38.94 61
Multiples
P/E Multiple kr 245.13 kr 326.84 kr 408.55 63
P/S Multiple kr 44.12 kr 58.82 kr 73.53 58
P/B Multiple kr 198.44 kr 264.59 kr 330.73 55
EV/EBIT kr 31.28 kr 42.02 kr 52.76 53
EV/EBITDA kr 41.13 kr 55.15 kr 69.17 54
EV/Revenue kr 22.06 kr 31.91 kr 41.77 43
Asset-Based
NCAV (Graham) kr 38.86 kr 52.08 kr 77.72 50
Growth DCF
Growth DCF kr 37.03 kr 53.61 kr 76.73 80
Rev-Margin DCF kr 26.26 kr 39.44 kr 54.15 74
Economic Profit
Residual Income kr 103.62 kr 142.97 kr 682.97 76
ROIC Compounder kr 20.18 kr 23.70 kr 26.78 72
Growth Earnings
Growth-Adj P/E kr 192.90 kr 275.57 kr 358.24 68

Widest divergence: Growth Earnings (kr 275.57) versus Economic Profit (kr 23.70). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.2B NOK
Revenue growth (YoY) +3.4%
Net margin 50.9%
Return on equity 20.6%
Free cash flow 142M NOK FY2025
P/E ratio 5.0
More key figures
Operating margin 10.7%
EPS (TTM) kr 139.64
Dividend yield 0.4%
EPS growth (YoY) -14.4%
Net debt 66.0M NOK FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 83

Profitability 61
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide. It operates through three segments: Maritime Services, New Energy, and Strategic Holdings and Investments.

Full company description

Wilh. Wilhelmsen Holding ASA provides maritime products and services worldwide. It operates through three segments: Maritime Services, New Energy, and Strategic Holdings and Investments. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wilh. Wilhelmsen Holding reported revenue of kr 1.2B in FY2025 versus kr 873M in FY2021, a compound +9.0%/yr. Reported net income was kr 653M in FY2025, compounding +87.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.2B NOK
Latest YoY
+8.6%
Avg. growth/yr (3Y)
+9.4%
Avg. growth/yr (5Y)
+8.9%
Avg. growth/yr (25Y)
+2.4%
Revenue +9.0%/yr
FY21 kr 873M
FY22 kr 943M
FY23 kr 1.0B
FY24 kr 1.1B
FY25 kr 1.2B
Net income +87.4%/yr
FY21 kr 53.0M
FY22 kr 282M
FY23 kr 467M
FY24 kr 498M
FY25 kr 653M

WWI screens 26% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

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Cite: Fair Value Calculator (2026). "Wilh. Wilhelmsen Holding Fair Value". https://www.fairvalue-calculator.com/stock/WWI

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Marine Shipping · 231 stocks

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.

Quality Score 66 · Top 25%
Fair Value upside −26% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 51% · Top 25%
Operating margin (TTM) 11% · Below median
Revenue growth 3% · Below median
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.08× · Lower than 75% of peers

Valuation Multiples vs Marine Shipping median · lower = cheaper

P/E (TTM) 4.9× · Cheaper than 75% of peers
P/B 0.99× · Pricier than median
P/S (TTM) 2.61× · Pricier than median
P/FCF 22.8× · Pricier than 75% of peers
EV/EBITDA 21.5× · Pricier than 75% of peers
PEG 3.32× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 29
FUTURE 17 · sector 18
PAST 82 · sector 27
HEALTH 96 · sector 88
DIVIDEND 8 · sector 47

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,828 ₹1,041 -43%
A.P. Møller - Mærsk A/S MAERSKA kr 16,520 kr 3,033 -82%
COSCO SHIPPING Holdings 601919 ¥13.98 ¥40.37 +189%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.57 +27%
HMM Co 011200 20,050 KRW 33,855 KRW +69%
Ningbo Zhoushan Port Company 601018 ¥3.35 ¥5.58 +67%
Qingdao Port International Co 601298 ¥8.88 ¥15.97 +80%
JSW Infrastructure Limited JSWINFRA ₹330.05 ₹126.31 -62%
Wan Hai Lines Ltd 2615 80.70 TWD 212.79 TWD +164%
Wallenius Wilhelmsen ASA WAWI kr 137.70 kr 50.56 -63%

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Frequently asked questions

Is Wilh. Wilhelmsen Holding (WWI) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of kr 567.72 versus a price of kr 768.00, about −26% (overvalued).
What is the fair value of WWI?
Our model-based fair value for Wilh. Wilhelmsen Holding is kr 567.72 (as of Jul 17, 2026), built from audited fundamentals. The current price is kr 768.00.
What is the quality score of WWI?
Wilh. Wilhelmsen Holding has a Quality Score of 66/100. 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 revenue of Wilh. Wilhelmsen Holding (WWI)?
Wilh. Wilhelmsen Holding reported trailing-twelve-month revenue of about 1.2B NOK (latest available figure, as of Jul 17, 2026).
What is the net profit margin of WWI?
The net profit margin of Wilh. Wilhelmsen Holding is about 50.9%, meaning it keeps roughly 50.9% of revenue as net income. Based on the latest reported figures.
Does Wilh. Wilhelmsen Holding pay a dividend?
Wilh. Wilhelmsen Holding currently shows a dividend yield of about 0.41% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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