WSC

WillScot Mobile Mini Holdings Corp

Industrial/Transportation


Presented:07/01/2024
Price:$37.30
Cap:$7.06B
Current Price:$36.29
Cap:$6.84B

Presented

Date07/01/2024
Price$37.30
Market Cap$7.06B
Ent Value$12.71B
P/E Ratio22.96x
Book Value$6.93
Div Yield0%
Shares O/S189.19M
Ave Daily Vol2,045,562
Short Int8.29%

Current

Price$36.29
Market Cap$6.84B
WillScot Mobile Mini Holdings Corp. provides modular and portable storage services. The firm offers furniture rental, transportation and logistics, storage & facilities services and commercial real estate services. It offers turnkey office space and storage solutions for temporary applications in the commercial and industrial, construction, retail, education, health care, government, transportation, security and energy sectors. The company was founded on June 26, 2015 and is headquartered in Phoenix, AZ.

Publicly traded companies mentioned herein: Cintas Corp (CTAS), McGrath RentCorp (MGRC), United Rentals Inc (URI), Waste Management Inc (WM), WillScot Mobile Mini Holdings Corp (WSC)

Highlights

The presenter is long shares of WillScot Mobile Mini Holdings Corp (WSC), believing the company is currently undervalued due to concerns around a potential acquisition and cyclical headwinds. As such, there is upside potential as the company’s largest segment (Modular Office, 56% of EBITDA) recovers and it continues to grow its value-added products segment. The presenter ascribes an EBITDA multiple of 12x if its acquisition of McGrath RentCorp succeeds or 11x if it fails, resulting in a price target of $60-$80 per share from the current ~$37.

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Idea Discussion

Commentor 1 - 2 weeks ago

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