QualityDipStocks / Industrials · Leasing
WillScot WSC
Outside our quality screen, so we don’t track its dips. It’s 34% below its 52-week high.
Outside our quality screen. No fair value estimate for now: the model’s result is too extreme to stand behind.
Worth knowing
- FCF yield 19%, top 1% of the 1145 we measure
- Share count down 10% in 2 years
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- $19.15price +1%
- Off 52-wk high
- −34%
- Risk vs market
- Highbeta 1.83
3 bullish · 5 bearish See why
Repriced or dip?
Dip: business intact
The price is 34% below its 52-week high (Jun 25), but the business held up: net cash (cash minus debt) +0.6% of market cap since the high, revenue growth rate +1.6 pts, shares outstanding more shares, each owns less.
Some numbers held up (net cash (cash minus debt) +0.6% of market cap since the high, revenue growth rate +1.6 pts, shares outstanding more shares, each owns less), others slipped. The price is 34% below its 52-week high.
The price is 34% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 9 numbers, high vs now
- Revenue, last 12 months$2.3B → $2.3B (+1.0%)about the same
- Revenue growth rate−4.1% → −2.5% a year (+1.6 pts)held up
- Free cash flow, 12 months$723M → $682M (−5.7%)about the same
- Operating margin7.0% → 6.5% (−0.5 pts)about the same
- Shares outstanding+0.2% (more shares, each owns less)held up
- Net cash (cash minus debt)+0.6% of market cap since the highheld up
- Stock vs its sector (Industrials)stock −34%, sector median −8% since Jun 25changed
- Price fall vs business numbersprice −34%, revenue/EPS/FCF median −2% (shown, not scored)
- Valuation multipleP/FCF 7.3× at the high → 5.1× now (shown, not scored)
Business numbers as reported at the high (12 months to Mar 31, 2026) vs the latest filing (12 months to Jun 30, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($29.07, Jun 25) the price assumed about −11%/yr free-cash-flow growth; at the low ($14.98, Nov 19) about −23%; today about −17%. The last 3 years delivered 2%/yr (free cash flow).
Dashed line: what the last 3 years delivered, 2%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $29.07Jun 25 | $14.98Nov 19 | $19.26 |
| Implied growth | −11% | −23% | −17% |
| P/E | n/a | 12.2× | n/a |
| P/FCF | 7.3× | 3.6× | 5.1× |
| EV/Sales | 3.9× | 2.7× | 3.0× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
Estimate unreliable for WSC: the model gives 208% above the price, more than we can stand behind (usually peak-cycle cash flow, heavy debt, or cash flows that include customer or loan balances). We’d rather show nothing than a made-up number.
What the price implies To be worth today’s price, WSC’s free cash flow would need to shrink about 17% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much WSC moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 4.1× the S&P 500’s.
- Beta vs S&P 500
- 1.83
- Volatility
- 53% vs 13% SPY
- Correlation SPY
- 0.44
- Correlation QQQ
- 0.38
How it ranks
Where WSC stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 5 measures
- Free cash flow yield19% · free cash flow vs market capTop 2%of 1,391
- Dividends + buybacks yield1.5% · cash paid out or used to retire shares, vs market capLowest 35%of 1,836
- Revenue growth, last 12 months−2.5% · vs the 12 months beforeLowest 8%of 1,814
- Operating margin6.5% · of sales kept as operating profitLowest 31%of 1,288
- Return on invested capital2.7% · profit per dollar of capitalLowest 15%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $19.15 · FCF value $34.39
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 3 of 5
ValuationFree-cash-flow yield of 19.5% (price / FCF 5.1×): $682M of free cash in the last 12 months.
Cash returnsFree cash flow grew 19% over the last 12 months vs the 12 months before.
Cash returnsDividend yield of 1.5%, above the 1.1% median for the 188 Industrials companies we cover.
Top bearish points 5 of 5
ProfitabilityOperating margin narrowed to 8.0% in FY2025 from 28.5% in FY2023 (SEC filings).
ProfitabilityLost $69M over the last 12 months (net income, SEC filings).
ProfitabilityReturn on equity fell 44 points in two fiscal years, to -6% in FY2025.
Balance sheetNet debt of $3.5B, 99% of the market cap (Jun 30, 2026).
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 6.4× EBITDA (limit 3×).
All fundamentals
FCF yield 19.5% · ROE -7% · Sales −3%
Valuation
- P/E
- n/aloss over the last 12 months
- Price / FCF
- 5.1×
- FCF yield
- 19.5%
- EV / EBITDA
- 28.5×
- Price / sales
- 1.53×
- Price / book
- 3.85×
- Market cap
- $3.5Bprice × diluted shares
- Enterprise value
- $7.0B
Growth
- Revenue, 12 months
- $2.3B
- Sales growth, 12 months
- −2.5%vs the 12 months before
- Sales growth, 3 yrs
- +2.1%/yrfrom FY2022
- Diluted EPS, 12 months
- −$0.37
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- −$69M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 50.5%
- Operating margin
- 6.5%
- Net margin
- −3.0%
- FCF margin
- 29.7%
- Return on equity
- −7%
- Return on invested capital
- 3%
Balance sheet
- Cash & short-term inv.
- $18M
- Total debt
- $3.5B
- Net cash
- −$3.5B
- Debt / equity
- 3.84×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $682M
- FCF growth, 12 months
- +19%
- Dividend yield
- 1.45%$51M paid
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- −0.9%diluted shares vs a year ago
- Stock-based comp
- $37M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From WillScot’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.2B · Sales +4%
- Free cash flow, 12 months$0.2B
- Free-cash-flow yield19.5%
- Free-cash-flow margin11%
- Gross margin52%
- Operating margin20%
- Return on invested capital8%
- Return on equity−7%
- Sales growth (latest quarter vs year-ago quarter)+4%
- Net debt / EBITDA6.4×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $19.26
- 52-wk lowlowest close, 1 year$14.98−22.2%
- Market Valueavg paid since Aug 6$19.15−0.6%
- PriceMon Nov 2 close$19.26you are here
- 52-wk highhighest close, 1 year$29.07+50.9%
Momentum & 52-week range
RSI 65 · 5 days +16.9%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, after the close
- Consensus EPS$0.28
- Year-ago EPS$0.30
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
WSC is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on WillScot in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Industrials
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.