WSC
WillScot Holdings Corporation
$16.85
Platform & Compounding FCF
50%
Two-stage FCF DCF
Strong
·
Conviction
Undervalued
Trading 55.2% below fair value
You pay
$16.85
Bear
$33.14
Fair
$37.57
Bull
$43.04
Bear
$33.14
+96.7%
3% stage 1 growth, 12% discount
Fair
$37.57
+123.0%
4% stage 1 growth, 12% discount
Bull
$43.04
+155.4%
5% stage 1 growth, 12% discount
Adjust Assumptions
4.1%
12.0%
3.0%
Key Value Driver
FCF growth rate (4% base case)
Terminal Value % of EV
29%
Implied Market Multiple
8.1x
Market is pricing in (growth)
-2.0%
vs 4.1% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (13 analysts)
$27.50
Divergence from AlphaVal
37%
Summary
Using a two-stage FCF DCF with 4% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $37.57 per share.
Warnings
Wall Street's average price target is $27.50 (from 13 analysts). Our estimate is 37% above the consensus -- consider that gap carefully.
This stock is 43% below its 52-week high, with weak or declining earnings. That combination often signals real trouble, even though the valuation below is based on other fundamentals.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions