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Wilson

OB:WILS
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WILS
OB
NOK1B
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

Wilson ASA charters and operates vessels in the short sea bulk sector in Norway and Europe. The last earnings update was 44 days ago. More info.


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WILS Share Price and Events
7 Day Returns
6.5%
OB:WILS
5%
NO Shipping
4.8%
NO Market
1 Year Returns
14%
OB:WILS
-34.1%
NO Shipping
-24.3%
NO Market
WILS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wilson (WILS) 6.5% 5.6% 8.6% 14% 182.9% 72.7%
NO Shipping 5% -23.7% -34.9% -34.1% -49.7% -49.2%
NO Market 4.8% -17% -25% -24.3% -10.7% -9.4%
1 Year Return vs Industry and Market
  • WILS outperformed the Shipping industry which returned -34.1% over the past year.
  • WILS outperformed the Market in Norway which returned -24.3% over the past year.
Price Volatility
WILS
Industry
5yr Volatility vs Market

WILS Value

 Is Wilson undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wilson to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wilson.

OB:WILS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year NO Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:WILS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 5.4%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.58
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.582 (1 + (1- 23%) (183.97%))
1.272
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.65% + (1.272 * 5.44%)
7.57%

Discounted Cash Flow Calculation for OB:WILS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wilson is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

OB:WILS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.57%)
2020 14.08 Est @ -17.25% 13.09
2021 12.41 Est @ -11.88% 10.73
2022 11.40 Est @ -8.12% 9.16
2023 10.78 Est @ -5.49% 8.05
2024 10.38 Est @ -3.65% 7.21
2025 10.14 Est @ -2.36% 6.54
2026 9.99 Est @ -1.46% 5.99
2027 9.91 Est @ -0.82% 5.53
2028 9.87 Est @ -0.38% 5.12
2029 9.86 Est @ -0.07% 4.75
Present value of next 10 years cash flows €76.00
OB:WILS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €9.86 × (1 + 0.65%) ÷ (7.57% – 0.65%)
€143.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €143.44 ÷ (1 + 7.57%)10
€69.13
OB:WILS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €76.00 + €69.13
€145.13
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €145.13 / 43.86
€3.31
OB:WILS Discount to Share Price
Calculation Result
Exchange Rate EUR/NOK
(Reporting currency to currency of OB:WILS)
11.365
Value per Share
(NOK)
= Value per Share in EUR x Exchange Rate (EUR/NOK)
= €3.31 x 11.365
NOK37.61
Value per share (NOK) From above. NOK37.61
Current discount Discount to share price of NOK22.80
= -1 x (NOK22.80 - NOK37.61) / NOK37.61
39.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Wilson is available for.
Intrinsic value
39%
Share price is NOK22.8 vs Future cash flow value of NOK37.61
Current Discount Checks
For Wilson to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wilson's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wilson's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wilson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wilson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:WILS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.26
OB:WILS Share Price ** OB (2020-04-03) in NOK NOK22.8
OB:WILS Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.088 €2.01
Norway Shipping Industry PE Ratio Median Figure of 14 Publicly-Listed Shipping Companies 14.17x
Norway Market PE Ratio Median Figure of 147 Publicly-Listed Companies 9.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wilson.

OB:WILS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:WILS Share Price ÷ EPS (both in EUR)

= 2.01 ÷ 0.26

7.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wilson is good value based on earnings compared to the NO Shipping industry average.
  • Wilson is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Wilson's expected growth come at a high price?
Raw Data
OB:WILS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.52x
Norway Market PEG Ratio Median Figure of 104 Publicly-Listed Companies 0.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Wilson, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wilson's assets?
Raw Data
OB:WILS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.70
OB:WILS Share Price * OB (2020-04-03) in NOK NOK22.8
OB:WILS Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.088 €2.01
Norway Shipping Industry PB Ratio Median Figure of 20 Publicly-Listed Shipping Companies 0.64x
Norway Market PB Ratio Median Figure of 249 Publicly-Listed Companies 0.73x
OB:WILS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:WILS Share Price ÷ Book Value per Share (both in EUR)

= 2.01 ÷ 2.70

0.74x

* Primary Listing of Wilson.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wilson is overvalued based on assets compared to the NO Shipping industry average.
X
Value checks
We assess Wilson's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Wilson has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

WILS Future Performance

 How is Wilson expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wilson has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.2%
Expected Shipping industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wilson expected to grow at an attractive rate?
  • Unable to compare Wilson's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Wilson's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Wilson's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:WILS Future Growth Rates Data Sources
Data Point Source Value (per year)
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 33.2%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
Norway Market Earnings Growth Rate Market Cap Weighted Average 19.9%
Norway Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:WILS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:WILS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 147 36 11
2019-09-30 147 41 9
2019-06-30 146 35 10
2019-03-31 147 43 12
2018-12-31 147 42 13
2018-09-30 150 41 14
2018-06-30 149 40 14
2018-03-31 145 34 8
2017-12-31 140 27 4
2017-09-30 134 25 2
2017-06-30 131 22 -3
2017-03-31 129 20 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Wilson is high growth as no earnings estimate data is available.
  • Unable to determine if Wilson is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:WILS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Wilson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:WILS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.26
2019-09-30 0.21
2019-06-30 0.24
2019-03-31 0.28
2018-12-31 0.30
2018-09-30 0.23
2018-06-30 0.33
2018-03-31 0.18
2017-12-31 0.09
2017-09-30 0.06
2017-06-30 -0.07
2017-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Wilson will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Wilson is trading at Wilson'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Wilson's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. Wilson's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Wilson's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wilson has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

WILS Past Performance

  How has Wilson performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wilson's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wilson has delivered over 20% year on year earnings growth in the past 5 years.
  • Wilson's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wilson's 1-year earnings growth is negative, it can't be compared to the NO Shipping industry average.
Earnings and Revenue History
Wilson's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wilson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:WILS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 146.58 11.25 15.64
2019-09-30 146.86 9.37 15.67
2019-06-30 146.35 9.69 15.69
2019-03-31 146.97 11.63 15.78
2018-12-31 147.42 12.75 15.73
2018-09-30 150.44 13.73 15.51
2018-06-30 149.40 13.76 15.38
2018-03-31 144.81 7.80 15.59
2017-12-31 140.47 3.83 15.87
2017-09-30 134.31 1.64 15.89
2017-06-30 130.66 -2.99 16.01
2017-03-31 129.32 -2.26 16.06
2016-12-31 128.12 -2.37 15.95
2016-09-30 126.80 -5.15 15.78
2016-06-30 126.80 -3.41 13.08
2016-03-31 126.78 -5.83 13.51
2015-12-31 130.84 -2.63 13.77
2015-09-30 133.88 1.08 13.92
2015-06-30 137.51 4.13 17.11
2015-03-31 140.53 8.60 17.06
2014-12-31 138.90 5.59 17.17
2014-09-30 139.71 9.95 17.40
2014-06-30 140.79 9.65 17.28
2014-03-31 138.58 11.53 17.26
2013-12-31 135.73 11.42 17.38
2013-09-30 142.26 -4.98 18.63
2013-06-30 137.08 -6.46 17.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wilson has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wilson used its assets more efficiently than the NO Shipping industry average last year based on Return on Assets.
  • Wilson has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wilson's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wilson has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

WILS Health

 How is Wilson's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wilson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wilson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wilson's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wilson's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wilson Company Filings, last reported 3 months ago.

OB:WILS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 118.89 143.00 25.91
2019-09-30 118.24 132.50 30.64
2019-06-30 116.37 136.00 25.18
2019-03-31 114.84 120.97 8.78
2018-12-31 111.98 138.35 8.65
2018-09-30 109.34 140.28 10.14
2018-06-30 107.17 144.34 14.49
2018-03-31 103.63 148.19 12.47
2017-12-31 100.14 147.65 9.77
2017-09-30 100.45 151.72 7.00
2017-06-30 98.17 152.02 5.92
2017-03-31 98.63 165.75 6.22
2016-12-31 98.63 158.95 6.22
2016-09-30 98.71 164.13 4.06
2016-06-30 101.21 167.64 4.29
2016-03-31 100.81 172.03 6.04
2015-12-31 100.96 176.05 6.87
2015-09-30 103.66 180.43 6.02
2015-06-30 104.31 181.72 14.00
2015-03-31 109.04 174.74 10.08
2014-12-31 105.86 185.76 14.88
2014-09-30 106.59 190.58 11.98
2014-06-30 104.21 194.78 9.46
2014-03-31 101.79 198.81 9.46
2013-12-31 101.89 203.74 11.58
2013-09-30 71.02 211.08 10.80
2013-06-30 74.80 216.30 10.03
  • Wilson's level of debt (120.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (175.3% vs 120.3% today).
  • Debt is well covered by operating cash flow (25.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Wilson's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wilson has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

WILS Dividends

 What is Wilson's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.39%
Current annual income from Wilson dividends.
If you bought NOK2,000 of Wilson shares you are expected to receive NOK48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wilson's pays a lower dividend yield than the bottom 25% of dividend payers in Norway (3.78%).
  • Wilson's dividend is below the markets top 25% of dividend payers in Norway (8.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:WILS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 4.3%
Norway Market Average Dividend Yield Market Cap Weighted Average of 107 Stocks 6.5%
Norway Minimum Threshold Dividend Yield 10th Percentile 2.1%
Norway Bottom 25% Dividend Yield 25th Percentile 3.8%
Norway Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:WILS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-19 0.048 2.816
2019-02-22 0.097 4.920
2018-11-09 0.100 5.041
2018-08-10 0.102 4.810
2018-02-22 0.051 2.967
2017-02-23 0.050 5.274
2015-08-07 0.500 58.288
2015-02-26 0.500 35.013
2010-11-04 0.000 0.000
2010-08-12 0.000 0.000
2010-05-06 0.000 0.000
2010-04-27 0.000 0.000
2010-03-05 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wilson has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Wilson has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Wilson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wilson's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wilson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wilson has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WILS Management

 What is the CEO of Wilson's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Oyvind Gjerde
COMPENSATION €237,000
CEO Bio

Mr. Øyvind Gjerde serves as the Chief Executive Officer at Wilson ASA and served as its Director. Mr. Gjerde served as President and Managing Director at Wilson ASA.

CEO Compensation
  • Oyvind's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Oyvind's remuneration is lower than average for companies of similar size in Norway.
Management Team

Oyvind Gjerde

TITLE
Chief Executive Officer
COMPENSATION
€237K

Thorbjørn Dalsøren

TITLE
Technical Director
COMPENSATION
€154K

Jostein Bjørgo

TITLE
Chief Communications Officer
COMPENSATION
€202K

Stig Vangen

TITLE
Chief Financial Officer
Board of Directors Tenure

Average tenure and age of the Wilson board of directors in years:

15.3
Average Tenure
48.5
Average Age
  • The average tenure for the Wilson board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kristian Eidesvik

TITLE
Chairman of the Board
COMPENSATION
€22K
AGE
74
TENURE
20.3 yrs

Eivind Eidesvik

TITLE
Director
COMPENSATION
€19K
AGE
44
TENURE
16.3 yrs

Synnove Seglem

TITLE
Director
COMPENSATION
€13K
TENURE
12.3 yrs

Ellen Solstad

TITLE
Director
COMPENSATION
€17K
AGE
45
TENURE
15.3 yrs

Lasse Selvik

TITLE
Employee Representative Director
COMPENSATION
€16K
TENURE
5.9 yrs

Steinar Madsen

TITLE
Director
COMPENSATION
€7K
AGE
52

Karl Gjøtterud

TITLE
Deputy Representative Director

Bernt Eidesvik

TITLE
Deputy Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
X
Management checks
We assess Wilson's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wilson has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

WILS News

Simply Wall St News

Did You Miss Wilson's (OB:WILS) Impressive 201% Share Price Gain?

For example, the Wilson ASA (OB:WILS) share price has soared 201% in the last three years. … As well as measuring the share price return, investors should also consider the total shareholder return (TSR). … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

Simply Wall St -

Here's What Wilson ASA's (OB:WILS) P/E Ratio Is Telling Us

A higher P/E ratio means that investors are paying a higher price for each NOK1 of company earnings. … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Does Wilson's P/E Ratio Compare To Its Peers? … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

One Thing To Remember About The Wilson ASA (OB:WILS) Share Price

If you're interested in Wilson ASA (OB:WILS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … While history does not always repeat, this may indicate that the stock price will continue to be exposed to market risk, albeit not overly so.

Simply Wall St -

Here's What Wilson ASA's (OB:WILS) ROCE Can Tell Us

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Wilson: 0.076 = €20m ÷ (€310m - €45m) (Based on the trailing twelve months to March 2019.) So, Wilson has an ROCE of 7.6%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Could Wilson ASA (OB:WILS) Have The Makings Of Another Dividend Aristocrat?

Today we'll take a closer look at Wilson ASA (OB:WILS) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Wilson is a new dividend aristocrat in the making. It sure looks interesting on these metrics - but there's always more to the story . Some simple research can reduce the risk of buying Wilson for its dividend - read on to learn more. Click the interactive chart for our full dividend analysis OB:WILS Historical Dividend Yield, June 25th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Wilson paid out 36% of its profit as dividends. A medium payout ratio strikes a good balance between paying dividends, and keeping enough back to invest in the business. Plus, there is room to increase the payout ratio over time. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Wilson's cash payout ratio in the last year was 35%, which suggests dividends were well covered by cash generated by the business. It's positive to see that Wilson's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut. Is Wilson's Balance Sheet Risky? As Wilson has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Wilson has been paying a dividend for the past four years. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable.

Simply Wall St -

You Might Like Wilson ASA (OB:WILS) But Do You Like Its Debt?

On top of this, WILS has generated €43m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 27%, indicating that WILS’s operating cash is sufficient to cover its debt. … We can test if WILS’s debt levels are sustainable by measuring interest payments against earnings of a company. … Next Steps: WILS’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Did You Miss Wilson's (OB:WILS) Impressive 144% Share Price Gain?

To wit, the Wilson ASA (OB:WILS) share price has flown 144% in the last three years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … We note that for Wilson the TSR over the last 3 years was 174%, which is better than the share price return mentioned above.

Simply Wall St -

Wilson ASA (OB:WILS): Ex-Dividend Is In 2 Days

Wilson ASA (OB:WILS) will be distributing its dividend of €0.50 per share on the 22 May 2019, and will start trading ex-dividend in 2 days time on the 09 May 2019. … Below, I will explain how holding Wilson can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

How Does Investing In Wilson ASA (OB:WILS) Impact The Volatility Of Your Portfolio?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is Wilson ASA's (OB:WILS) P/E Ratio Really That Good?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 6.85 = €2.07 (Note: this is the share price in the reporting currency, namely, EUR ) ÷ €0.30

Simply Wall St -

WILS Company Info

Description

Wilson ASA charters and operates vessels in the short sea bulk sector in Norway and Europe. It operates through a fleet of 117 vessels in the range of 1500-8500 dwt. The company was founded in 1923 and is based in Bergen, Norway.

Details
Name: Wilson ASA
WILS
Exchange: OB
Founded: 1923
NOK1,000,012,149
43,860,182
Website: http://www.wilsonship.no
Address: Wilson ASA
Bradbenken 1,
Sandviken,
Bergen,
Hordaland, 5835,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB WILS Share Capital Oslo Bors NO NOK 17. Mar 2005
LSE 0GJ3 Share Capital London Stock Exchange GB NOK 17. Mar 2005
BATS-CHIXE WILSO Share Capital BATS 'Chi-X Europe' GB NOK 17. Mar 2005
Number of employees
Current staff
Staff numbers
0
Wilson employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 22:42
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.