WSC

WillScot Mobile Mini Holdings Corp

Industrial/Transportation


Presented:08/12/2024
Price:$34.12
Cap:$6.43B
Current Price:$36.29
Cap:$6.84B

Presented

Date08/12/2024
Price$34.12
Market Cap$6.43B
Ent Value$10.87B
P/E Ratio35.98x
Book Value$6.37
Div Yield0%
Shares O/S188.49M
Ave Daily Vol2,150,618
Short Int8.98%

Current

Price$36.29
Market Cap$6.84B
WillScot 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: McGrath RentCorp (MGRC), WillScot Holdings Corp (WSC)

Highlights

The presenter is short shares of WillScot Holdings Corp (WSC) as the company has under-invested in its fleet assets, which has inflated short-term cash flow and left the company with an aging and partially decrepit asset base. The company has agreed to acquire a major competitor, drawing attention from the FTC, who the presenter anticipates will block the merger. He believes the company is overvalued at 9x EBITDA given the high leverage and declining utilization of degrading assets.

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Idea Discussion

Commentor 1 - 2 weeks ago

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