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Wallenius Wilhelmsen (OB:WAWI): Valuation Check After Securing Long-Term, Sustainability-Linked Shipping Contracts

Simply Wall St · 1d ago

Wallenius Wilhelmsen (OB:WAWI) just locked in extensions on two major shipping contracts worth an estimated USD 500 million, stretching key customer relationships to 2028 and 2030 and sharpening its long term revenue visibility.

See our latest analysis for Wallenius Wilhelmsen.

The market seems to be catching on to that stability, with a 1 month share price return of 21.54 percent and a 1 year total shareholder return of 31.09 percent, building on an impressive 666.01 percent total shareholder return over five years.

If this contract win has you rethinking transport and industrial exposure, it could be worth scanning auto manufacturers to see which other players might benefit along the value chain.

Yet with revenue and earnings growth softening, and the share price already above consensus targets, the key question now is whether Wallenius Wilhelmsen still trades at a discount or if markets are fully pricing in future growth.

Most Popular Narrative: 16.9% Overvalued

With Wallenius Wilhelmsen closing at NOK104.10 against a narrative fair value near NOK89.04, the prevailing view leans toward a stretched valuation built on demanding assumptions.

The analysts have a consensus price target of NOK99.255 for Wallenius Wilhelmsen based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of NOK116.11, and the most bearish reporting a price target of just NOK75.38.

Read the complete narrative.

Curious why a shrinking top line, lower future margins and a higher earnings multiple still add up to a premium valuation narrative, not a discount? Dive in.

Result: Fair Value of $89.04 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, resilient Asian export demand and long term contracts that lock in capacity could cushion softer volumes and margins, which challenges the case for a sustained premium valuation.

Find out about the key risks to this Wallenius Wilhelmsen narrative.

Another View: Market Multiples Tell a Different Story

Our valuation checks using earnings multiples paint a very different picture, with Wallenius Wilhelmsen looking cheap at 3.9 times earnings versus a fair ratio of 4.8 times, peers at 4.4 times and the wider European shipping group near 9 times. Is sentiment lagging the fundamentals here?

See what the numbers say about this price — find out in our valuation breakdown.

OB:WAWI PE Ratio as at Dec 2025
OB:WAWI PE Ratio as at Dec 2025

Build Your Own Wallenius Wilhelmsen Narrative

If you see the story differently or prefer to dig into the numbers yourself, you can build a complete thesis in just minutes: Do it your way.

A great starting point for your Wallenius Wilhelmsen research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.