DCF Tool


WillScot Mobile Mini Holdings Corp – Water and Sewer Line and Related Structures Construction
williams scotsman is a space problem solver. our innovative products and services – for your office, storage, instructional, and specialty space-related challenges – deliver solutions that enable thousands of customers to better manage their space and consequently their organizations. we are passionate about solving space problems. it began with the creation of an office on wheels that could move along with crews as they built miles of interstate highways in the 1950s. it continues to evolve today with panelized products that can be configured in a multitude of ways to perfectly match your needs and location headquartered in the historic fell’s point area of baltimore, maryland, we are proud to be the modular supplier of choice for the construction, education, energy, industrial, commercial/retail, healthcare and government markets. with over 50 years of innovative history, organic growth and strategic acquisitions, our customer base has grown to more than 25,000 and involves 450 d
Analysis Results
Intrinsic Value $89.35
Latest Price $41.87
Relative Value 53% undervalued
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Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 34.6%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 7.1%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 34.6%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 0.342 0.319
2024 0.461 0.402
2025 0.62 0.505
2026 0.835 0.635
2027 1.12 0.798
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 22.6 billion. This corresponds to a present value of 15.0 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 2.66 billion. Adding in the terminal value gives a total present value of 17.6 billion.

There are presently 197.0 million outstanding shares, so the intrinsic value per share is 89.35.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 521,041,000
Current Cash 7,390,000
Current Liabilities 561,942,000
Current Debt 13,324,000
Non-Cash Working Capital (NCWC) -34,967,000
Change in NCWC -5,784,000
EBIT 505,888,000
Tax Provision 88,863,000
Depreciation and Amortization 343,507,000
Capital Expenditure -486,802,000
Unlevered Free Cash Flow 233,714,167
Current Assets 483,040,000
Current Cash 12,699,000
Current Liabilities 517,645,000
Current Debt 18,121,000
Non-Cash Working Capital (NCWC) -29,183,000
Change in NCWC 8,408,000
EBIT 378,732,000
Tax Provision 49,546,000
Depreciation and Amortization 318,202,000
Capital Expenditure -308,996,000
Unlevered Free Cash Flow 306,858,396
Current Assets 419,492,000
Current Cash 24,937,000
Current Liabilities 448,667,000
Current Debt 16,521,000
Non-Cash Working Capital (NCWC) -37,591,000
Change in NCWC -6,722,000
EBIT 256,098,000
Tax Provision -51,451,000
Depreciation and Amortization 246,948,000
Capital Expenditure -188,837,000
Unlevered Free Cash Flow 307,487,000
Current Assets 292,588,000
Current Cash 3,045,000
Current Liabilities 320,412,000
Current Debt 0
Non-Cash Working Capital (NCWC) -30,869,000
Change in NCWC -11,194,000
EBIT 129,914,000
Tax Provision -2,191,000
Depreciation and Amortization 189,436,000
Capital Expenditure -213,446,000
Unlevered Free Cash Flow 94,710,000
Current Assets 256,347,000
Current Cash 8,958,000
Current Liabilities 269,023,000
Current Debt 1,959,000
Non-Cash Working Capital (NCWC) -19,675,000
Change in NCWC 15,576,000
EBIT 21,209,000
Tax Provision -38,600,000
Depreciation and Amortization 136,467,000
Capital Expenditure -165,505,000
Unlevered Free Cash Flow 7,747,000

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