Financials Ocean Wilsons Holdings Limited

Equities

Real-time Estimate Cboe Europe Other stock markets 08:09:02 2024-05-17 EDT			5-day change	1st Jan Change
1,350 ^GBX	+0.37%		-6.25%	+13.67%

05-16	Secure Trust Bank rises on first quarter	AN
05-08	EARNINGS: International Biotechnology bullish; Andrews Sykes profit up	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	350.1	298.8	329.8	328.9	424.4	475.6	-	-
Enterprise Value (EV) ¹	709.6	585.2	664.1	686.1	804.6	832.3	815.3	793.8
P/E ratio	-	10.7 x	6.84 x	-21.7 x	8.02 x	8.93 x	8.32 x	7.21 x
Yield	2.46%	5.97%	5.69%	6.08%	4.63%	5.18%	5.38%	5.63%
Capitalization / Revenue	1.08 x	1.18 x	1.1 x	0.92 x	1.1 x	1.11 x	1.01 x	0.92 x
EV / Revenue	2.19 x	2.31 x	2.21 x	1.92 x	2.09 x	1.95 x	1.73 x	1.53 x
EV / EBITDA	5.95 x	5.99 x	5.41 x	4.79 x	5.16 x	4.58 x	4.08 x	3.56 x
EV / FCF	-	-	-	25.1 x	15.7 x	18.4 x	23 x	19.3 x
FCF Yield	-	-	-	3.98%	6.35%	5.44%	4.34%	5.19%
Price to Book	-	-	0.73 x	0.51 x	-	2.29 x	2.23 x	2.17 x
Nbr of stocks (in thousands)	35,363	35,363	35,363	35,363	35,363	35,363	-	-
Reference price ²	9.900	8.450	9.325	9.300	12.00	13.45	13.45	13.45
Announcement Date	3/13/20	3/15/21	3/24/22	3/24/23	3/22/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	324.6	253.8	300.3	357.1	384.1	427.6	471.7	518.5
EBITDA ¹	119.2	97.62	122.7	143.2	155.9	181.6	200	222.9
EBIT ¹	75.88	61.21	85.35	90.91	99.25	123.2	140.4	162.1
Operating Margin	23.38%	24.12%	28.43%	25.46%	25.84%	28.81%	29.76%	31.27%
Earnings before Tax (EBT) ¹	-	53.65	83.62	30.94	103.2	124.5	140.9	164.6
Net income ¹	-	27.85	48.24	-15.15	52.92	53.26	57.17	66.02
Net margin	-	10.97%	16.07%	-4.24%	13.78%	12.45%	12.12%	12.73%
EPS ²	-	0.7877	1.364	-0.4284	1.497	1.507	1.616	1.866
Free Cash Flow ¹	-	-	-	27.32	51.13	45.29	35.4	41.22
FCF margin	-	-	-	7.65%	13.31%	10.59%	7.5%	7.95%
FCF Conversion (EBITDA)	-	-	-	19.08%	32.8%	24.93%	17.7%	18.49%
FCF Conversion (Net income)	-	-	-	-	96.61%	85.03%	61.92%	62.44%
Dividend per Share ²	0.2436	0.5041	0.5308	0.5652	0.5556	0.6962	0.7238	0.7574
Announcement Date	3/13/20	3/15/21	3/24/22	3/24/23	3/22/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	360	286	334	357	380	357	340	318
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.016 x	2.934 x	2.724 x	2.495 x	2.439 x	1.964 x	1.699 x	1.427 x
Free Cash Flow ¹	-	-	-	27.3	51.1	45.3	35.4	41.2
ROE (net income / shareholders' equity)	-	-	11.1%	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	12.70	18.30	-	5.870	6.030	6.190
Cash Flow per Share ²	-	0.8700	1.420	2.220	-	2.420	2.470	2.700
Capex ¹	69.1	42	35.9	51.1	52.6	44.7	56.7	60.7
Capex / Sales	21.28%	16.56%	11.96%	14.31%	13.69%	10.46%	12.02%	11.7%
Announcement Date	3/13/20	3/15/21	3/24/22	3/24/23	3/22/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

13.45 GBP

Average target price

19 GBP

Spread / Average Target

+41.26%

	1st Jan change	Capi.
OCEAN WILSONS HOLDINGS LIMITED	+13.67%	603M
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SHANGHAI INTERNATIONAL PORT (GROUP) CO., LTD.	+13.27%	17.9B
DP WORLD PLC	0.00%	13.47B
MISC	+13.03%	7.85B
ABU DHABI PORTS COMPANY	-14.11%	7.51B
QINGDAO PORT INTERNATIONAL CO., LTD.	+33.57%	6.96B
JSW INFRASTRUCTURE LIMITED	+24.36%	6.34B
CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED	+9.77%	6.29B
QUBE HOLDINGS LIMITED	+8.64%	4.26B