Wilmar International Limited

DB:RTHA Stock Report

Market Cap: €13.7b

Wilmar International Valuation

Is RTHA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RTHA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RTHA (€2.18) is trading below our estimate of fair value (€3.69)

Significantly Below Fair Value: RTHA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RTHA?

Key metric: As RTHA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RTHA. This is calculated by dividing RTHA's market cap by their current earnings.
What is RTHA's PE Ratio?
PE Ratio9x
EarningsUS$1.55b
Market CapUS$14.03b

Price to Earnings Ratio vs Peers

How does RTHA's PE Ratio compare to its peers?

The above table shows the PE ratio for RTHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.7x
KWS KWS SAAT SE KGaA
10x1.7%€2.0b
SZU Südzucker
6.4x-10.2%€2.2b
BG Bunge Global
9.4x16.3%US$10.9b
INGR Ingredion
13x0.5%US$9.0b
RTHA Wilmar International
9x5.9%€19.2b

Price-To-Earnings vs Peers: RTHA is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (9.7x).

Price to Earnings Ratio vs Industry

How does RTHA's PE Ratio compare vs other companies in the European Food Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RTHA 9.0xIndustry Avg. 13.7xNo. of Companies20PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RTHA is good value based on its Price-To-Earnings Ratio (9x) compared to the European Food industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is RTHA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RTHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio21x

Price-To-Earnings vs Fair Ratio: RTHA is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (21x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RTHA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.18
€2.39
+9.4%
13.3%€2.76€1.50n/a13
Dec ’25€2.10
€2.38
+13.2%
13.5%€2.74€1.49n/a13
Nov ’25€2.15
€2.32
+8.0%
13.3%€2.65€1.48n/a13
Oct ’25€2.22
€2.32
+4.5%
14.7%€2.95€1.42n/a13
Sep ’25€2.13
€2.35
+10.4%
14.7%€2.92€1.43n/a14
Aug ’25€2.12
€2.56
+20.6%
14.7%€3.16€1.58n/a14
Jul ’25€2.11
€2.57
+21.8%
14.5%€3.21€1.60n/a15
Jun ’25€2.08
€2.57
+23.3%
14.5%€3.19€1.59n/a15
May ’25€2.18
€2.63
+20.5%
14.2%€3.22€1.61n/a14
Apr ’25€2.33
€2.61
+11.8%
14.4%€3.16€1.58n/a14
Mar ’25€2.27
€2.62
+15.6%
14.3%€3.18€1.58n/a14
Feb ’25€2.24
€2.73
+22.1%
14.9%€3.18€1.58n/a14
Jan ’25€2.41
€2.72
+12.9%
13.0%€3.10€1.74€2.1113
Dec ’24€2.42
€2.72
+12.3%
13.0%€3.07€1.73€2.1012
Nov ’24€2.43
€2.78
+14.8%
12.8%€3.16€1.78€2.1512
Oct ’24€2.54
€2.98
+17.0%
15.0%€3.76€1.79€2.2213
Sep ’24€2.55
€3.05
+19.7%
10.8%€3.67€2.64€2.1313
Aug ’24€2.61
€3.29
+26.2%
10.4%€3.71€2.69€2.1213
Jul ’24€2.64
€3.48
+31.9%
11.6%€4.54€2.81€2.1115
Jun ’24€2.67
€3.54
+32.5%
12.0%€4.67€2.82€2.0815
May ’24€2.66
€3.49
+31.4%
10.5%€4.57€2.93€2.1815
Apr ’24€2.90
€3.62
+24.5%
9.9%€4.70€3.02€2.3315
Mar ’24€2.74
€3.62
+32.1%
9.9%€4.70€3.02€2.2715
Feb ’24€2.85
€3.57
+25.1%
11.2%€4.62€2.78€2.2415
Jan ’24€2.86
€3.49
+22.3%
7.4%€3.93€2.84€2.4113

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 10:28
End of Day Share Price 2025/01/02 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wilmar International Limited is covered by 39 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nirgunan TiruchelvamAletheia Analyst Network Limited
Stephen WilderAlliance Global Partners
Huey GanAmInvestment Bank Berhad