What is WillScot Holdings Corp worth?
With the base-case assumptions below, a discounted cash flow model on WillScot Holdings Corp's reported free cash flow gives $95.84 per share. The share price was $19.89 on November 10, 2026, 79% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 7.5% | 10.0% | $52.19 | +162% |
| Base | 12.5% | 9.0% | $95.84 | +382% |
| Bull | 17.5% | 8.0% | $182.82 | +819% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $129.24 | $139.58 | $152.23 | $168.04 | $188.36 |
| 8.0% | $104.20 | $110.91 | $118.84 | $128.36 | $139.99 |
| 9.0% | $85.96 | $90.55 | $95.84 | $102.02 | $109.32 |
| 10.0% | $72.11 | $75.38 | $79.07 | $83.30 | $88.18 |
| 11.0% | $61.26 | $63.65 | $66.33 | $69.33 | $72.74 |
Where the presets come from
Base: years 1 to 5 grow at WillScot Holdings Corp's revenue growth rate over the last 5 fiscal years (12.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions