2 models fit WillScot Holdings Corporation Class A Common Stock and they agree: 2 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionWillScot Holdings Corporation Class A Common Stock (WSC)
Fair value (2 models)
$31.02
ACCE price target
$18.00
Rating
Undervalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $27.76 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $16.26 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
47.6% below
+90.8% to fair value
ACCE score
37
out of 100
Analysts
30% buy
10 covering
P/E
0.0x
forward 15.2x
1-year return
-26.5%
Dividend yield
1.70%
WillScot Holdings Corporation Class A Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
WillScot rents and sells modular and portable storage units, mobile offices and climate-controlled containers, mostly to construction and industrial customers in North America, with a smaller Mobile Office business that includes Mobile Mini after the 2020 merger. The model's edge is scale and route density: a national fleet that can be delivered and picked up across a wide footprint is hard for a regional competitor to match, and the 52.3% gross margin and 20.1% operating margin reflect that pricing power. Revenue growth is slow at 3.9%, so the thesis rests on fleet utilization and rental rate gains rather than volume expansion, with non-residential construction activity as the main demand swing factor. At a 14.1x forward P/E, the stock is priced for modest growth, while the negative 7.1% ROE reflects the heavy acquisition-driven balance sheet, so the question is whether margins hold as the debt load is worked down. The score of 39/100 and absence from major indices suggest this is a name the market has not warmed to, which makes it worth a closer look at the leverage trajectory and utilization trends before any view is formed.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy leverage
Debt/Equity of 4.84 with negative ROE of -7.1% leaves little equity cushion. Net margin of -3.0% against a 20.1% operating margin points to interest and other charges absorbing most operating profit.
moderate
Earnings flat, growth slowing
Revenue grew 3.9% YoY against a 12.4% five-year CAGR, and earnings were down 0.2% YoY. The score fell 9 points over 90 days, from 48 to 39.
moderate
Elevated short interest
Short interest stands at 12.2% of shares outstanding. Insiders sold $4.21M over the last 10 disclosed transactions and bought nothing.
AI research notes
AI-assisted·How I use AIWritten Oct 14, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $738M, a strong cash base for a company whose share price is $17.29.
Analysts' mean price target of $29.20 sits 68.9% above the share price, pointing to a wide gap between Wall Street expectations and today's price.
The latest quarter beat expectations, with earnings per share of 0.28 against 0.24 expected, a 16.7% surprise.
Why it could disappoint
Debt to equity of 4.84 leaves the company heavily borrowed, which limits its room to absorb a downturn.
Net margin of -3.0% and return on equity of -7.1% show the business is still losing money on its sales and shareholder capital.
Revenue grew just 3.9% year over year, well below the 12.4% yearly average over five years, so growth is clearly slowing.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where WSC's valuation models land
Price
$16.26
Model fair value
$31.02
Model range
$26.41 to $34.97
Fair value $31.02
Price $16.26
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores