WESCO INTERNATIONAL, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 167.7 USD | +1.59% |
|
+7.64% | -3.55% |
| 03/05 | Oppenheimer Adjusts WESCO International Price Target to $200 From $190, Maintains Outperform Rating | MT |
| 02/05 | Transcript : WESCO International, Inc., Q1 2024 Earnings Call, May 02, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,482 | 3,928 | 6,633 | 6,366 | 8,881 | 8,524 | - | - |
| Enterprise Value (EV) 1 | 3,633 | 8,378 | 11,132 | 11,255 | 13,679 | 12,617 | 12,207 | 10,690 |
| P/E ratio | 11.6 x | 52 x | 16.8 x | 8.17 x | 12.8 x | 11.9 x | 10.1 x | 9.59 x |
| Yield | - | - | - | - | - | 0.98% | 1% | 1.03% |
| Capitalization / Revenue | 0.3 x | 0.32 x | 0.36 x | 0.3 x | 0.4 x | 0.38 x | 0.37 x | 0.36 x |
| EV / Revenue | 0.43 x | 0.68 x | 0.61 x | 0.53 x | 0.61 x | 0.57 x | 0.53 x | 0.45 x |
| EV / EBITDA | 8.83 x | 13 x | 9.42 x | 6.52 x | 8.02 x | 7.55 x | 6.91 x | 5.99 x |
| EV / FCF | 20.2 x | 14.3 x | 898 x | -127 x | 34.1 x | 14.8 x | 14.2 x | 9.22 x |
| FCF Yield | 4.96% | 6.99% | 0.11% | -0.79% | 2.93% | 6.76% | 7.05% | 10.8% |
| Price to Book | 1.14 x | 1.1 x | 1.81 x | 1.47 x | 1.81 x | 1.58 x | 1.46 x | 1.29 x |
| Nbr of stocks (in thousands) | 41,796 | 50,043 | 50,410 | 50,844 | 51,076 | 50,828 | - | - |
| Reference price 2 | 59.39 | 78.50 | 131.6 | 125.2 | 173.9 | 167.7 | 167.7 | 167.7 |
| Announcement Date | 30/01/20 | 09/02/21 | 15/02/22 | 14/02/23 | 13/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,359 | 12,326 | 18,218 | 21,420 | 22,385 | 22,319 | 23,141 | 23,973 |
| EBITDA 1 | 411.5 | 643.6 | 1,182 | 1,726 | 1,705 | 1,670 | 1,768 | 1,785 |
| EBIT 1 | 349.3 | 522 | 983.5 | 1,515 | 1,480 | 1,464 | 1,567 | 1,588 |
| Operating Margin | 4.18% | 4.23% | 5.4% | 7.07% | 6.61% | 6.56% | 6.77% | 6.62% |
| Earnings before Tax (EBT) 1 | 282.1 | 122.8 | 581.9 | 1,137 | 992 | 1,048 | 1,210 | 1,314 |
| Net income 1 | 223.4 | 70.42 | 408 | 803.1 | 708.1 | 721.8 | 837.6 | 884 |
| Net margin | 2.67% | 0.57% | 2.24% | 3.75% | 3.16% | 3.23% | 3.62% | 3.69% |
| EPS 2 | 5.140 | 1.510 | 7.840 | 15.33 | 13.54 | 14.08 | 16.58 | 17.49 |
| Free Cash Flow 1 | 180.3 | 586 | 12.39 | -88.37 | 400.9 | 852.8 | 860.2 | 1,159 |
| FCF margin | 2.16% | 4.75% | 0.07% | -0.41% | 1.79% | 3.82% | 3.72% | 4.83% |
| FCF Conversion (EBITDA) | 43.82% | 91.05% | 1.05% | - | 23.51% | 51.05% | 48.66% | 64.91% |
| FCF Conversion (Net income) | 80.7% | 832.14% | 3.04% | - | 56.62% | 118.15% | 102.7% | 131.11% |
| Dividend per Share 2 | - | - | - | - | - | 1.645 | 1.685 | 1.730 |
| Announcement Date | 30/01/20 | 09/02/21 | 15/02/22 | 14/02/23 | 13/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,852 | 4,932 | 5,484 | 5,446 | 5,558 | 5,522 | 5,746 | 5,644 | 5,473 | 5,350 | 5,595 | 5,711 | 5,675 | 5,485 | 5,875 |
| EBITDA 1 | 324.7 | 361.9 | 433.7 | 457.9 | 451.1 | 420.7 | 442.3 | 457 | 457 | 340.4 | 422.5 | 466.8 | 441.3 | 381.5 | 460.6 |
| EBIT 1 | 270.8 | 314.9 | 387.8 | 415.2 | 397.4 | 365.9 | 385.3 | 401.5 | 327.5 | 281.9 | 369.6 | 411 | 389.3 | 327.9 | 406.9 |
| Operating Margin | 5.58% | 6.38% | 7.07% | 7.62% | 7.15% | 6.63% | 6.71% | 7.11% | 5.98% | 5.27% | 6.61% | 7.2% | 6.86% | 5.98% | 6.93% |
| Earnings before Tax (EBT) 1 | 199.1 | 219.3 | 301 | 325.8 | 290.5 | 241.3 | 264.2 | 278.3 | 208.3 | 147 | 265.9 | 313.3 | 304.5 | 232.3 | 312.4 |
| Net income 1 | 153.1 | 166.9 | 206.4 | 225.2 | 204.6 | 182.7 | 178.7 | 219 | 127.6 | 101.4 | 182.3 | 216.8 | 206.2 | 158.7 | 213.5 |
| Net margin | 3.15% | 3.38% | 3.76% | 4.14% | 3.68% | 3.31% | 3.11% | 3.88% | 2.33% | 1.9% | 3.26% | 3.8% | 3.63% | 2.89% | 3.63% |
| EPS 2 | 2.930 | 3.190 | 3.950 | 4.300 | 3.900 | 3.480 | 3.410 | 4.200 | 2.450 | 1.950 | 3.647 | 4.318 | 4.020 | 3.142 | 4.245 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.4100 | 0.4100 | 0.4100 | 0.4100 | 0.4100 |
| Announcement Date | 15/02/22 | 05/05/22 | 04/08/22 | 03/11/22 | 14/02/23 | 04/05/23 | 03/08/23 | 02/11/23 | 13/02/24 | 02/05/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,151 | 4,450 | 4,498 | 4,889 | 4,798 | 4,093 | 3,684 | 2,166 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.797 x | 6.914 x | 3.806 x | 2.833 x | 2.813 x | 2.45 x | 2.084 x | 1.213 x |
| Free Cash Flow 1 | 180 | 586 | 12.4 | -88.4 | 401 | 853 | 860 | 1,159 |
| ROE (net income / shareholders' equity) | 10.2% | 7.27% | 14.6% | 20.9% | 16.1% | 14.8% | 15.1% | 14.7% |
| ROA (Net income/ Total Assets) | 4.64% | 2.41% | 3.33% | 6.27% | 5.11% | 5.35% | 5.96% | 5.65% |
| Assets 1 | 4,811 | 2,923 | 12,251 | 12,805 | 13,851 | 13,481 | 14,051 | 15,646 |
| Book Value Per Share 2 | 52.10 | 71.60 | 72.60 | 84.90 | 96.20 | 106.0 | 115.0 | 130.0 |
| Cash Flow per Share 2 | 5.160 | 11.70 | 1.290 | 0.2100 | 9.430 | 21.60 | 20.60 | 24.80 |
| Capex 1 | 44.1 | 56.7 | 54.7 | 99.4 | 92.3 | 95.3 | 102 | 99.3 |
| Capex / Sales | 0.53% | 0.46% | 0.3% | 0.46% | 0.41% | 0.43% | 0.44% | 0.41% |
| Announcement Date | 30/01/20 | 09/02/21 | 15/02/22 | 14/02/23 | 13/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
167.7
USD
Average target price
194.2
USD
Spread / Average Target
+15.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.55% | 8.52B | |
| +5.17% | 8.35B | |
| +14.71% | 7.26B | |
| +6.03% | 1.31B | |
| +88.18% | 805M | |
| -10.45% | 638M | |
| +65.43% | 617M | |
| -0.41% | 604M | |
| +134.53% | 487M | |
| +9.21% | 471M |
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