Obermatt

Wilson Bayly Holmes - Ovcon

JNB:WBO · ZAE000009932
Construction & EngineeringSmall

360

84
EV / EBIT97
Price / Owner Earnings65
Owner Earnings Yield94
Dividend Yield85
Price/Sales96
EV / Gross Profit79
Price/Book56
Return on Capital93
Cash Return on Capital94
Return on Equity87
EBIT Margin44
Gross Profitability50
Cash Conversion50
Accruals64
Owner Earnings Margin71
Sales growth10
Profit Growth26
Long-Term EPS Growth26
Owner Earnings Growth38
Reinvestment46
Price momentum34
Debt load88
Refinancing1
Debt Payback100
Liquidity91
Analyst ratings1
Opinion Changes50
Price Target Upside56
Market mood59
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Wilson Bayly Holmes - Ovcon clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySouth Africa
IndustryConstruction & Engineering
SizeSmall
TypePublic Company
ExchangeJSE
Founded1982
Employees11
Websitewbho.co.za
ISINZAE000009932
Last UpdateApr 2, 2026
Themes
Environmental EngineeringUtility Scale SolarBuilding MaterialCivil EngineeringConstruction

Description

Wilson Bayly Holmes-Ovcon Limited (WBHO) is a leading construction company operating primarily in Africa and the United Kingdom. The company has established a strong reputation for delivering high-quality construction services across various sectors,…

Analysis

Hidden champion

Wilson Bayly Holmes-Ovcon Limited is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 7.0× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
56
2023202420252026

All-time high

92

Apr 2024

All-time low

39

Jan 2023

Average rank

73

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
96
79
82
97
Price/Earnings
83
87
88
100
Price/Book
56
51
60
70
Dividend Yield
85
94
92
88
Value (overall)
90
90
78
99

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →