Wilh. Wilhelmsen Holding (WWIB) – Analysis 2015-03-13

2014 was not a great year but book value keeps growing at a decent rate over time. Downside protection with a valuation at 0,57 * tangible book.

What is this business worth?

Asset value:
76% upside on tangible book value.
Last 10 years increase of book value shows an average of 10,13% yearly. 78% upside.

Earnings power value:
10yEPV equals an upside of 90%.
5yEPV equals an upside of 98%.

Disclosure: The author had no position when this post/analysis was written.

WWIB-2015-03-13WWIB 2015-03-13

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