Washington H Soul Pattinson & Company Ltd (SOL) fair value: what the stock is really worth
We calculate from audited financials what Washington H Soul Pattinson & Company Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Financial Services · AU · Market cap A$17.5B (≈ $12.6B) · ISIN AU000000SOL3
At a glance
WHWashington H Soul Pattinson & Company LtdSOL · AU
PriceA$44.04
Fair ValueA$14.62
Upside−66.8%
Quality60/100
A solid business, but trading 201% above our fair value of A$14.62.
As of Sep 5, 2026, the fair value of Washington H Soul Pattinson & Company Ltd is A$14.62 per share against a price of A$44.04, so the fair value sits 67% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −14.2 %/yr)
✓Highly profitable · 82.5% net margin
✓Low debt · generates free cash flow
·2.43% dividend yield
✓Ranks above peers (10/15)
✓Wide moat 79/100
Evidence: HighRange A$10.07 to A$17.84
Fair value as of: Sep 5, 2026
From 11 valuation models · updated 6 days ago
Share price −6.1% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case (A$17.84). The favourable scenario is already priced in.
Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range A$20.24 – A$46.92 · fair‑value band A$10.07 – A$17.84 · the A$44.04 price screens above the A$14.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Washington H Soul Pattinson & Company Ltd (SOL) currently trades at A$44.04, while our model-based Fair Value estimate is A$14.62, implying the stock looks roughly 201.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of A$18.15 per share, and 0 of the 11 models we run sit above the A$44.04 price. Bear case: the Growth DCF group reads lowest at A$4.67, and 11 of the 11 models stay below the price. Evidence for this calculation is high.
Revenue grew 176.2% year over year. It earns a return on equity of 20.7%. Net debt stands at A$771M. The stock trades on a trailing P/E of 6.9. Fundamentals as of Sep 5, 2026
Scenario range: A$10.07 (bear) to A$17.84 (bull), the price of A$44.04 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 1% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −67%, SOL screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$5.35 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/E ratio6.9
P/S ratio4.07P/E × margin
EPS (TTM)A$6.42price ÷ EPS = P/E 6.9
Dividend yield2.4%payout 16.7%
Net margin59.4%FY2025
Return on equity20.7%TTM
More key figures
Profitability
Return on assets (EBIT)2.3%avg 5y
Operating margin67.2%TTM
Growth
Revenue growth (YoY)+176%3y avg −37.9%
EPS growth (YoY)+540%
Balance sheet & cash flow
Free cash flowA$206MFY2025
Net debtA$771MFY2025 · ≈ 3.7 yrs of FCF
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality60/100
Of which business quality 55
· Market factors (momentum, volatility) 64
Profitability33
Margins and returns on capital today
Quality Growth33
Are margins and returns improving?
Cashflow68
Earnings quality: real cash, not paper profit
Fin. Strength67
Balance sheet, leverage, solvency risk
Investment53
Disciplined investing over empire-building
Low Volatility93
Calm price path (market factor)
Momentum50
Price trend over the last 3–12 months (market factor)
52W Momentum56
Distance to the 52-week high (market factor)
Net Issuance75
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
WHSP Holdings Limited, an investment company, engages in investing various industries and asset classes in Australia. It operates through six segments: Listed Companies, Private Companies, Emerging Companies Portfolio, Real Assets, Credit Portfolio, and Treasury.
Full company description
WHSP Holdings Limited, an investment company, engages in investing various industries and asset classes in Australia. It operates through six segments: Listed Companies, Private Companies, Emerging Companies Portfolio, Real Assets, Credit Portfolio, and Treasury. The company invests in largely uncorrelated listed companies; managed listed equities; unlisted and growing companies; credit related financial instruments; and property development. It also engages in the manufacturing, distribution, and sale of building products. The company was formerly known as WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED and changed its name to WHSP Holdings Limited in September 2025. WHSP Holdings Limited was founded in 1872 and is headquartered in Sydney, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Washington H Soul Pattinson & Company Ltd reported revenue of A$613M in FY2025 versus A$1.1B in FY2021, a compound −13.0%/yr. Reported net income was A$364M in FY2025, compounding +7.5%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$613M
Latest YoY
+10.0%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−37.9%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−14.2%
Avg. revenue growth/yr (36Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.1%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+2.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−0.4%
Dividend yield2.4%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −0.4% vs 10Y 7.3%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25.1% (2019) → −44.0% (2025) · falling
Worst earnings drop84% (2010) · in AUD
⚠ Revenue per share shrinking 5.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Washington H Soul Pattinson & Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SOL
Peer Group
Capital Markets · 461 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score58 · Above median
Fair Value upside−67% · Bottom 25%
Profitability
Return on equity (TTM)21% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)82% · Top 25%
Operating margin (TTM)67% · Top 25%
Growth and dividend
Revenue growth176% · Top 25%
Dividend yield (TTM)2.4% · Above median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiples vs Capital Markets median · lower = cheaper
P/E (TTM)6.9× · Cheapest 25%
P/B1.34× · Pricier than median
P/S (TTM)4.45× · Pricier than median
P/FCF61.4× · Priciest 25%
EV/EBITDA7.1× · Cheaper than median
PEG3.55× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Washington H Soul Pattinson & Company Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+19.9 % per year
Achieved revenue growth, 5 years-14.2 % p.a.
Sector median revenue growth+1.6 %
FCF yield on price1.43 %
Discount rate (WACC) in the models7.9 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 12
FUTURE100· sector 91
PAST83· sector 30
HEALTH100· sector 94
DIVIDEND49· sector 38
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
Is Washington H Soul Pattinson & Company Ltd (SOL) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of A$14.62 versus a price of A$44.04, about −67% upside (overvalued).
What is the fair value of SOL?
Our model-based fair value for Washington H Soul Pattinson & Company Ltd is A$14.62 (as of Sep 5, 2026), built from audited fundamentals. The current price: A$44.04.
What is the quality score of SOL?
Washington H Soul Pattinson & Company Ltd has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Washington H Soul Pattinson & Company Ltd (SOL)?
Our model-based price target is the fair value of A$14.62 (as of Sep 5, 2026) from 11 valuation models. Cautious scenario A$10.07, optimistic scenario A$17.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Washington H Soul Pattinson & Company Ltd stock forecast for 2026?
Our models put fair value at A$14.62, about −67% upside versus a price of A$44.04 (overvalued). Cautious scenario A$10.07, optimistic scenario A$17.84. The calculation is refreshed regularly with new filings.
What is the net profit margin of SOL?
The net profit margin of Washington H Soul Pattinson & Company Ltd is about 82.5%, meaning it keeps roughly 82.5% of revenue as net income. Based on the latest reported figures.
Does Washington H Soul Pattinson & Company Ltd pay a dividend?
Washington H Soul Pattinson & Company Ltd currently shows a dividend yield of about 2.43% relative to its recent price (as of Sep 5, 2026).
What growth is priced into Washington H Soul Pattinson & Company Ltd (SOL)?
For today's price to be fair in a discounted-cash-flow model, Washington H Soul Pattinson & Company Ltd would have to grow free cash flow by +19.9 % per year for ten years (discount rate 7.9 %, then 2 % perpetual growth). Over the last 5 years revenue grew -14.2 % per year. As of Sep 5, 2026.
What discount rate (WACC) does the fair value of SOL use?
Our models discount Washington H Soul Pattinson & Company Ltd at 7.9 %: a base by market capitalisation (large), damped by beta 0.15, country premium for Australia. The same rate applies in all 26 models.
What is the intrinsic value of Washington H Soul Pattinson & Company Ltd (SOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Washington H Soul Pattinson & Company Ltd it is A$14.62 per share (as of Sep 5, 2026), against a price of A$44.04. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Washington H Soul Pattinson & Company Ltd stock overvalued or undervalued in 2026?
As of Sep 5, 2026, SOL trades above its calculated fair value: price A$44.04, fair value A$14.62, a gap of about −67% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SOL?
No. The price is what the market pays today (A$44.04); the fair value is what the company's own numbers justify (A$14.62). For Washington H Soul Pattinson & Company Ltd the two are A$29.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Washington H Soul Pattinson & Company Ltd worth?
The market values Washington H Soul Pattinson & Company Ltd at about A$17.5B (market capitalisation, as of Sep 5, 2026). Per share that is A$44.04; our models calculate a fair value of A$14.62 per share.
What do the bullish and bearish scenarios say about SOL?
Our models span a range for Washington H Soul Pattinson & Company Ltd: cautious scenario A$10.07, base A$14.62, optimistic A$17.84 per share (as of Sep 5, 2026, price A$44.04). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOL?
Washington H Soul Pattinson & Company Ltd trades at a price-to-earnings ratio of 6.9 (as of Sep 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$14.62 is built from several models across several years. Other multiples: PEG 3.5, P/B 1.3, P/S 4.5, EV/EBITDA 7.1.
What is the PEG ratio of SOL?
The PEG ratio of Washington H Soul Pattinson & Company Ltd is 3.55 (P/E divided by earnings growth, as of Sep 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Washington H Soul Pattinson & Company Ltd (SOL)?
Balance-sheet figures for Washington H Soul Pattinson & Company Ltd (as of Sep 5, 2026): return on equity 20.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SOL from its 52-week high?
Washington H Soul Pattinson & Company Ltd trades at A$44.04, about 1% below its 52-week high of A$44.64 and 28% above the low of A$34.39 (as of Sep 5, 2026). Distance from the high says nothing about value: that is what the fair value of A$14.62 is for.
Which stocks are comparable to Washington H Soul Pattinson & Company Ltd?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Robinhood Markets, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Washington H Soul Pattinson & Company Ltd stock attractive at the current price?
The data as of Sep 5, 2026: price A$44.04, calculated fair value A$14.62 (−67%), Quality Score 60/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SOL calculated?
We run Washington H Soul Pattinson & Company Ltd through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$14.62, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Washington H Soul Pattinson & Company Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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