Added to YB: 2024-12-23
Pitch date: 2024-11-05
WSC [bearish]
WillScot Holdings Corporation
+51.05%
current return
Author Info
No bio for this author
Company Info
WillScot Holdings Corporation provides turnkey temporary space solutions in the United States, Canada, and Mexico.
Market Cap
$3.2B
Pitch Price
$41.68
Price Target
22.00 (+8%)
Dividend
1.59%
EV/EBITDA
9.64
P/E
14.64
EV/Sales
3.06
Sector
Construction and Engineering
Category
N/A
WillScot Holdings Corporation - $WSC
WSC: Short opportunity after activist involvement. Unlikely acquisition target due to high valuation, deteriorating fundamentals. Utilization plummeting, spot pricing under pressure. Poor customer service hurting relationships. Q3 miss, Q4 guidance down. Normalized EBITDA $900M-$1B in 2025-26. FCF/share closer to $2 than $4. Value $22-$33, likely lower half. Risks: takeout, mitigated by limited premium potential.
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