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Global shipping company specializing in roll-on/roll-off transport of cars, trucks and heavy construction equipment.
Global shipping company specializing in roll-on/roll-off transport of cars, trucks and heavy construction equipment.
Charges freight per vehicle or tonne carried, mostly under multi-year contracts with carmakers, and adds fees for handling cars at ports, which makes the logistics arm a steadier add-on to the ships. Formed by pooling the car-carrier businesses of Norway's Wilhelmsen and Sweden's Wallenius families, who remain major owners.
In one line: No direct US pure-play; a global car-carrier shipping line.
Moat: narrow (scale, installed base). Large specialized RoRo fleet and terminal network are costly for new entrants to replicate at scale.
Headquarters: Lysaker, Norway · Founded: 1999
Size Wallenius Wilhelmsen (WAWI.OL) is a Norway Industrials company (Marine Shipping) with a market value of $7.58B, the 17th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 160.10 on 6 Nov 2026.
Performance Over six months the shares gained 29.4%, against +10.1% for the median peer and +2.7% for the Norway market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 10.5% over the last twelve months (peer median +2.8%); the operating margin is 24.8% (peer median 14.3%).
Valuation It trades at 10.4× forward earnings against a peer median of 7.3× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -28 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (8.3% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 50.6B | NOK 54.4B | NOK 57.1B | NOK 54.4B | NOK 48.5B |
| Revenue growth | — | -5% | +5% | +12% | — |
| Gross profit | NOK 17.0B | NOK 20.9B | NOK 23.7B | NOK 21.7B | NOK 16.1B |
| EBITDA | NOK 19.2B | NOK 23.1B | NOK 25.2B | NOK 23.9B | NOK 18.1B |
| Net income | NOK 6.14B | NOK 10.6B | NOK 10.5B | NOK 9.02B | NOK 6.53B |
| Free cash flow | NOK 7.96B | NOK 14.5B | NOK 15.6B | NOK 15.6B | NOK 9.81B |
| Capital expenditure | NOK 4.28B | NOK 2.54B | NOK 2.10B | NOK 1.72B | NOK 1.07B |
| Total debt | NOK 25.4B | NOK 28.3B | NOK 35.8B | NOK 37.7B | NOK 40.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wallenius Wilhelmsen WAWI.OL | $7.58B | +29% | -11% | 25% | 10.4× | -6.6% |
| Nippon Yusen Kabushiki Kaisha 9101.T | $16.8B | +17% | 0% | 6% | 9.0× | 7.8% |
| Kawasaki Kisen Kaisha 9107.T | $11.0B | +17% | +11% | 8% | 9.4× | 7.3% |
| Hoegh Autoliners HAUTO.OL | $3.64B | +20% | -4% | 30% | 9.6× | -0.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WAWI.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.5% | -6.7% | 10th highest of 21 |
| 6-month return | +29.4% | +10.1% | 3rd highest of 21 |
| Distance from 52-week high | -13.9% | -15.2% | 9th highest of 21 |
| Revenue growth (TTM) | -10.5% | +2.8% | 5th lowest of 21 |
| Operating margin | 24.8% | 14.3% | 6th highest of 21 |
| Forward P/E | 10.4× | 7.3× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -6.6% | -0.1% | 6th least demanding of 18 |
| Growth delivered (Del g) | +21.0% | +10.1% | 2nd highest of 18 |
| Hurdle (Req g minus delivered) | -27.5 pp | -8.9 pp | 2nd least demanding of 18 |
| ROIC minus cost of capital | +9.8 pp | +0.7 pp | 4th highest of 21 |
| EV / EBITDA | 4.7× | 7.4× | 4th cheapest of 16 |
| Net debt / EBITDA | 1.1× | 0.7× | 8th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wallenius Wilhelmsen WAWI.OL | Norway | $7.58B | +29% | -11% | 25% | 10.4× | -6.6% | +21.0% |
| Kirby KEX | United States | $6.39B | -15% | +8% | 14% | 14.6× | 6.2% | +9.2% |
| Matson MATX | United States | $6.34B | +16% | 0% | 14% | 10.9× | 11.8% | +7.0% |
| Wan Hai Lines 2615.TW | Taiwan | $9.12B | +40% | -14% | 22% | 5.8× | -12.0% | +11.4% |
| Yang Ming Marine Transport 2609.TW | Taiwan | $6.03B | +14% | -22% | 6% | 6.5× | n/a | n/a |
| Ningbo Zhoushan Port 601018.SS | China | $10.4B | -4% | +12% | 16% | n/a | -7.3% | +7.6% |
| Kawasaki Kisen Kaisha 9107.T | Japan | $11.0B | +17% | +11% | 8% | 9.4× | 7.3% | +10.2% |
| COSCO SHIPPING Energy Transportation 1138.HK | Hong Kong | $12.8B | -22% | +22% | 31% | 4.7× | 0.5% | +7.1% |
| OOIL 0316.HK | Hong Kong | $12.8B | +10% | -8% | 10% | 5.9× | -2.3% | +3.6% |
| COSCO Shipping Specialized Carriers 600428.SS | China | $4.40B | +25% | +37% | 19% | 8.9× | -17.9% | +27.0% |
| COSCO SHIPPING Development 601866.SS | China | $3.87B | -10% | -3% | 13% | 3.8× | n/a | n/a |
| Mitsui O.s.k. Lines 9104.T | Japan | $15.0B | +10% | +20% | 6% | 7.3× | n/a | n/a |
| HMM 011200.KS | South Korea | $15.3B | +8% | -5% | 11% | 9.7× | -1.8% | +11.2% |
| Hoegh Autoliners HAUTO.OL | Norway | $3.64B | +20% | -4% | 30% | 9.6× | -0.1% | +16.4% |
| SITC International 1308.HK | Hong Kong | $15.8B | +34% | +5% | 34% | 10.7× | -0.4% | +15.3% |
| Evergreen Marine Corp(taiwan) 2603.TW | Taiwan | $16.1B | +28% | -20% | 15% | 5.0× | -9.1% | +12.9% |
| Nippon Yusen Kabushiki Kaisha 9101.T | Japan | $16.8B | +17% | 0% | 6% | 9.0× | 7.8% | +8.5% |
| ZIM Integrated Shipping Services ZIM | United States | $3.37B | +5% | -25% | 6% | 3.7× | 2.7% | +11.6% |
| Star Bulk Carriers SBLK | United States | $2.99B | 0% | +6% | 28% | 5.7× | -0.1% | +8.5% |
| Shenzhen Yan Tian Port 000088.SZ | China | $2.97B | +2% | +19% | 12% | 16.5× | 21.8% | +10.1% |
| China Merchants Energy Shipping 601872.SS | China | $19.6B | -8% | +60% | 39% | 6.3× | -9.5% | +5.4% |