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olivLaw · European equity research

Wilh. Wilhelmsen Holding Asa WWI.OL

Norway · Euronext Oslo Børs · ISIN NO0010571698 · Vertical: Listed companies from Norway

865.00NOK−2.48% · 1 dayClose 06 Nov 2026

At the close of 06 Nov 2026, Wilh. Wilhelmsen Holding Asa (WWI.OL) stock was 865.00 NOK (−2.48% on the day), with beta 0.30, 52-week range 505.00–948.00 NOK.

Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
unavailable
shares as of 31 Dec 2024
P/E (TTM)
unavailable
Diluted EPS TTM 11.47 · TTM to 31 Dec 2024
E/P (TTM)
unavailable
TTM to 31 Dec 2024
Dividend yield
unavailable
Beta (2y)
0.30
Volatility (1y) 26%
52-week range
505.00948.00

Price history

Loading chart…

Technical reading

RSI (14)
45.2
neutral
Bollinger (20, 2)
841.22 – 934.18
in the lower half of the band · %B 0.26 · band width 10.5%
SMA 50 / 200
877.56 / 762.32
mixed trend
MACD (12, 26, 9)
-4.12 / -1.27
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month−3.1%−0.2%−3.0 pp—
3 months+12.6%−5.4%+18.0 pp—
6 months+30.1%+4.4%+25.7 pp—
Year to date+46.6%+6.5%+40.2 pp—
1 year+68.3%+10.0%+58.3 pp−4.7%
3 years+170.3%+48.6%+121.7 pp+12.7%
5 years+342.5%+41.4%+301.0 pp—
Max drawdown (1y)
−17.2%
02 Mar 2026 → 07 May 2026
Max drawdown (5y)
−30.7%
07 Jun 2022 → 29 Sept 2022
Compound annual growth (5y)
+34.6%
EURO STOXX 50 +7.2%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

the price (USD) and the reports are in different currencies

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202220232024
Revenue943.0 m1.0 bn1.1 bn
Revenue YoYunavailable+8.9%+10.6%
Net income400.0 m466.0 m498.0 m
Net income YoYunavailable+16.5%+6.9%
Diluted EPS8.9810.5211.47
Diluted EPS YoYunavailable+17.1%+9.0%
net %42.4%45.4%43.8%
Free cash flowunavailableunavailableunavailable

Balance sheet & financial health

Fiscal year 2024 · 31 Dec 2024

Cash
155.0 m USD
Financial debt
300.0 m USD
Net debt
145.0 m USD
Equity
2.7 bn USD
Total assets
3.8 bn USD
Debt / equity
0.11x
Current ratio
1.20x
ROE
19.2%
ROA
13.3%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2022
943.0 m
2023
1.0 bn
2024
1.1 bn

esef· 08 May 2025verified

Operating income
2022
83.0 m
2023
88.0 m
2024
85.0 m

esef· 08 May 2025verified

Pre-tax income
2022
440.0 m
2023
515.0 m
2024
538.0 m

esef· 08 May 2025verified

Income tax
2022
13.0 m
2023
27.0 m
2024
20.0 m

esef· 08 May 2025verified

Net income
2022
400.0 m
2023
466.0 m
2024
498.0 m

esef· 08 May 2025verified

Diluted EPS
2022
8.98
2023
10.52
2024
11.47

esef· 08 May 2025verified

Dividend per share
2022
10.00
2023
18.00
2024
—

esef· 08 May 2025verified

Balance sheet · USD

Cash
2022
163.0 m
2023
224.0 m
2024
155.0 m

esef· 08 May 2025verified

Inventories
2022
114.0 m
2023
121.0 m
2024
119.0 m

esef· 08 May 2025verified

Current assets
2022
730.0 m
2023
811.0 m
2024
764.0 m

esef· 08 May 2025verified

Property, plant & equipment, net
2022
623.0 m
2023
623.0 m
2024
571.0 m

esef· 08 May 2025verified

Total assets
2022
3.7 bn
2023
3.7 bn
2024
3.8 bn

esef· 08 May 2025verified

Short-term debt
2022
65.0 m
2023
27.0 m
2024
23.0 m

esef· 08 May 2025verified

Long-term debt
2022
473.0 m
2023
456.0 m
2024
277.0 m

esef· 08 May 2025verified

Current liabilities
2022
658.0 m
2023
645.0 m
2024
637.0 m

esef· 08 May 2025verified

Equity
2022
2.2 bn
2023
2.5 bn
2024
2.7 bn

esef· 08 May 2025verified

Shares outstanding at year end
2022
44.5 m
2023
44.3 m
2024
43.4 m

esef· 08 May 2025derived

Cash flow · USD

Operating cash flow
2022
64.0 m
2023
194.0 m
2024
96.0 m

esef· 08 May 2025verified

Investing cash flow
2022
6.0 m
2023
63.0 m
2024
217.0 m

esef· 08 May 2025verified

Financing cash flow
2022
-138.0 m
2023
-196.0 m
2024
-382.0 m

esef· 08 May 2025verified

Computed indicators

Growth

Revenue growth (YoY)
10.6%
computed by olivLawFY 2024
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
-3.4%
computed by olivLawFY 2024
Net income growth (YoY)
6.9%
computed by olivLawFY 2024
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
9.0%
computed by olivLawFY 2024
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
7.5%
computed by olivLawFY 2024
Net margin
43.8%
computed by olivLawFY 2024
FCF margin
unavailable
input data missing

Returns

ROE
20.3%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROA
13.3%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROIC
2.9%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
ROCE
2.7%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Payout ratio (EPS)
156.9%
computed by olivLawFY 2024
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
145.0 m USD
computed by olivLawbalance sheet at 31 Dec 2024
Net debt / EBITDA
unavailable
input data missing
Debt / equity
0.1x
computed by olivLawbalance sheet at 31 Dec 2024
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.2x
computed by olivLawbalance sheet at 31 Dec 2024
Quick ratio
1.0x
computed by olivLawbalance sheet at 31 Dec 2024
Cash ratio
0.2x
computed by olivLawbalance sheet at 31 Dec 2024

Cash

Operating cash flow
96.0 m USD
computed by olivLawFY 2024
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
Earnings yield
unavailable
input data missing
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
input data missing
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 20.8% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

865.00 NOK

06 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Price and reporting are in different currencies; market indicators are unavailable.

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
unavailable
input data missing
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
20.3%
computed by olivLawFY 2024 · balance sheet at 31 Dec 2024
Net margin
43.8%
computed by olivLawFY 2024
Revenue growth (YoY)
10.6%
computed by olivLawFY 2024
Dividend yield
unavailable
input data missing

Coverage and freshness

20/37 reporting lines present
Latest full fiscal year: 2024
Latest reported period: 31 Dec 2024
Latest balance sheet date: 31 Dec 2024
Share count (cover of the latest filing), as of: 31 Dec 2024
Source: esefpublished 08 May 2025
verified 64derived 3

The data is older than the freshness threshold.

Score by group

21% · Insufficient data

Estimated value range

Low
170.79
USD per share
Mid
248.98
USD per share
High
340.23
USD per share
Price: unavailable
Potential to the central value: unavailable (value / price − 1)
Margin of safety: unavailable (1 − price / value)
Agreement between methods: high · 2 methods used · 2 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 105.04 – 362.36 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/E105.04 – 362.36 (Mid 226.63)
    19 companies used · median multiple 19.8x · quartiles 9.2x – 31.6x
    ABG.OL, ABTEC.OL, AFG.OL, AKER.OL, AKSO.OL, AKVA.OL, APR.OL, ARR.OL, ATEA.OL, AUSS.OL, B2I.OL, BONHR.OL, BOR.OL, BOUV.OL, BRG.OL, CLOUD.OL, DELIA.OL, ELK.OL, ELMRA.OL
  • Dividend discount (DDM)236.54 – 318.10 (Mid 271.32)

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%

FactorValueScoreWeight used
ROIC · Quality2.9%32 (vs peers)50%
Net margin · Quality43.8%97 (vs peers)30%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.2x33 (on a fixed band)20%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial33/100 · 1/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality56/100 · 2/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

WILH. WILHELMSEN HOLDING ASA (WWI.OL). Latest full fiscal year: 2024; data up to 2024-12-31.

Figures computed from the financial statements: revenue 1.1 bn USD in 2024; YoY growth 10.6%; net margin 43.8%; ROE 20.3%.

The estimated value range is 170.79–340.23 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 20.8% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: 43.8%

What contradicts it

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Listed companies from Norway · same country · compared with 39 companies

Multiples and returns vs the median

P/E
—
vertical median 20.0x
EV/EBITDA
—
vertical median 9.0x
P/S
—
vertical median 1.3x
P/B
—
vertical median 1.8x
ROE
20.3%
vertical median 2.9%
above median (+589.8%)
Net margin
43.8%
vertical median 3.1%
above median (+1,324.1%)
EBIT margin
7.5%
vertical median 5.5%
above median (+35.5%)
Revenue YoY
10.6%
vertical median 6.0%
above median (+77.1%)
Net debt/EBITDA
—
vertical median 1.5x
Dividend yield
—
vertical median 5.0%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
AKER.OLAker Asa79.8 bn20.37.9%21.4%+42.5%+36% / +59%
AFG.OLAf Gruppen Asa21.5 bn19.839.7%3.4%+4.4%+8% / +69%
ELK.OLElkem Asa19.2 bn39.31.9%2.7%−15.7%+10% / +73%
ATEA.OLAtea Asa18.5 bn21.419.7%2.3%+8.1%+11% / +36%
AKSO.OLAker Solutions Asa17.4 bn6.822.5%4.1%+19.2%+18% / −12%
AUSS.OLAustevoll Seafood Asa16.6 bn37.11.6%1.1%+11.1%−7% / +10%
BRG.OLBorregaard Asa15.6 bn25.111.4%8.0%+1.3%−18% / −9%
BONHR.OLBonheur ASA11.2 bn7.817.1%11.4%−10.8%+17% / +44%
AFK.OLArendals Fossekompani Asa10.3 bn—-2.3%-3.1%−14.9%+39% / +31%
B2I.OLB2 Impact Asa8.8 bn14.311.0%16.4%+2.6%+40% / +238%
AKVA.OLAkva Group Asa5.7 bn31.213.7%4.2%+24.4%+74% / +152%
ELMRA.OLElmera Group Asa5.1 bn32.010.5%1.3%−0.9%+32% / +98%
BOUV.OLBouvet Asa5.0 bn14.280.7%9.2%−0.2%−19% / −16%
CLOUD.OLCloudberry Clean Energy Asa4.0 bn61.91.3%13.1%+34.0%−5% / +29%
ABG.OLAbg Sundal Collier Holding Asa3.6 bn10.734.9%16.8%+12.4%−13% / +20%
ANDF.OLAndfjord Salmon Group As2.2 bn—-5.7%-12,770.4%+328.9%−18% / −11%
BMA.OLByggma Asa1.6 bn—-25.3%-11.9%−2.5%+61% / +15%
APR.OLAppear Asa1.4 bn10.530.1%16.1%+32.3%−53% / unavailable
AZT.OLArcticzymes Technologies Asa1.1 bn108.92.9%8.6%+7.9%−8% / −48%
CAPSL.OLCapsol Technologies Asa884.6 m—-89.4%-114.8%−25.0%−33% / −66%
BOR.OLBorgestad Asa553.2 m36.12.1%1.4%−3.0%−7% / +41%
ARR.OLArribatec Group Asa234.6 m4.822.1%9.3%+15.7%−33% / −55%
DELIA.OLDellia Group Asa73.5 m1.522.6%7.7%+140.0%−62% / unavailable
ABTEC.OLAqua Bio Technology Asa11.1 m0.1—7,297.7%−87.2%−82% / −97%
AGLX.OLAgilyx Asa——-182.4%-12,189.3%+20.3%−40% / −41%

1- and 3-year price returns: for WWI.OL from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

The qualitative analysis has not been written for this company yet.

Products, market & competition

The qualitative analysis has not been written for this company yet.

News & filings

In the press

No news in our archive over the last 180 days.

Annual reports (ESEF)

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.

Wilh. Wilhelmsen Holding Asa (WWI.OL): stock, results, valuation and forecast · olivLaw