company background image

Olam Group SGX:VC2 Stock Report

Last Price


Market Cap







06 Jul, 2022


Company Financials
VC2 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance4/6
Financial Health4/6

VC2 Stock Overview

Olam Group Limited engages in the sourcing, processing, packaging, and merchandising of agricultural products worldwide.

Olam Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Olam Group
Historical stock prices
Current Share PriceS$1.52
52 Week HighS$1.93
52 Week LowS$1.25
1 Month Change-6.75%
3 Month Change-12.64%
1 Year Change2.70%
3 Year Change-23.23%
5 Year Change-20.83%
Change since IPO80.95%

Recent News & Updates

Jun 13
Is Olam Group (SGX:VC2) Using Too Much Debt?

Is Olam Group (SGX:VC2) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

VC2SG Consumer RetailingSG Market

Return vs Industry: VC2 exceeded the SG Consumer Retailing industry which returned -15.6% over the past year.

Return vs Market: VC2 exceeded the SG Market which returned -5.6% over the past year.

Price Volatility

Is VC2's price volatile compared to industry and market?
VC2 volatility
VC2 Average Weekly Movement3.8%
Consumer Retailing Industry Average Movement4.7%
Market Average Movement4.8%
10% most volatile stocks in SG Market11.2%
10% least volatile stocks in SG Market2.2%

Stable Share Price: VC2 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VC2's weekly volatility (4%) has been stable over the past year.

About the Company

198943,100Sunny George Verghese

Olam Group Limited engages in the sourcing, processing, packaging, and merchandising of agricultural products worldwide. It operates through Olam Food Ingredients, Olam Global Agri, and Olam International Limited segments. The company offers cocoa powder, liquor, and butter, as well as specialty fats, such as vegetable fats, cocoa butter equivalent fats, cocoa butter improver fats, cocoa butter substitutes, and confectionery and custom fats under the under the deZaan, Unicao, Joanes, Macao, Huysman, Britannia, and BT Cocoa brands; coffee; whole, skimmed, and butter milk powders; butter, anhydrous milk fat, and butter blends; cheese; milk and whey protein concentrates, permeates, and lactose; nuts, including almonds, cashews, hazelnuts, peanuts, sesame, and quinoa and chia seeds; and spices, comprising of chillies, onion and garlic, and pepper.

Olam Group Fundamentals Summary

How do Olam Group's earnings and revenue compare to its market cap?
VC2 fundamental statistics
Market CapS$5.80b
Earnings (TTM)S$628.84m
Revenue (TTM)S$47.07b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VC2 income statement (TTM)
Cost of RevenueS$43.07b
Gross ProfitS$4.00b
Other ExpensesS$3.37b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)0.16
Gross Margin8.50%
Net Profit Margin1.34%
Debt/Equity Ratio232.9%

How did VC2 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is VC2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VC2?

Other financial metrics that can be useful for relative valuation.

VC2 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA9.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does VC2's PE Ratio compare to its peers?

VC2 PE Ratio vs Peers
The above table shows the PE ratio for VC2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average98.9x
D01 DFI Retail Group Holdings
OV8 Sheng Siong Group
5EV Hosen Group
GHITHA Ghitha Holding P.J.S.C
VC2 Olam Group

Price-To-Earnings vs Peers: VC2 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (96.3x).

Price to Earnings Ratio vs Industry

How does VC2's PE Ratio compare vs other companies in the Asian Consumer Retailing Industry?

Price-To-Earnings vs Industry: VC2 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the SG Consumer Retailing industry average (27x)

Price to Earnings Ratio vs Fair Ratio

What is VC2'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.

VC2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VC2's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of VC2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VC2 (SGD1.52) is trading below our estimate of fair value (SGD1.94)

Significantly Below Fair Value: VC2 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VC2's PEG Ratio to determine if it is good value.

Discover undervalued companies

Future Growth

How is Olam Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Consumer Retailing industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Olam Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

  • Examine whether Olam Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Olam Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Olam Group performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VC2 has high quality earnings.

Growing Profit Margin: VC2's current net profit margins (1.3%) are higher than last year (0.5%).

Past Earnings Growth Analysis

Earnings Trend: VC2's earnings have declined by 2.9% per year over the past 5 years.

Accelerating Growth: VC2's earnings growth over the past year (232.3%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: VC2 earnings growth over the past year (232.3%) exceeded the Consumer Retailing industry 4.7%.

Return on Equity

High ROE: VC2's Return on Equity (8.9%) is considered low.

Discover strong past performing companies

Financial Health

How is Olam Group's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: VC2's short term assets (SGD21.4B) exceed its short term liabilities (SGD15.0B).

Long Term Liabilities: VC2's short term assets (SGD21.4B) exceed its long term liabilities (SGD10.3B).

Debt to Equity History and Analysis

Debt Level: VC2's net debt to equity ratio (160.7%) is considered high.

Reducing Debt: VC2's debt to equity ratio has reduced from 240.5% to 232.9% over the past 5 years.

Debt Coverage: VC2's debt is not well covered by operating cash flow (4.4%).

Interest Coverage: VC2's interest payments on its debt are well covered by EBIT (3x coverage).

Balance Sheet

Discover healthy companies


What is Olam Group current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: VC2's dividend (5.92%) is higher than the bottom 25% of dividend payers in the SG market (2.24%).

High Dividend: VC2's dividend (5.92%) is low compared to the top 25% of dividend payers in the SG market (6.17%).

Stability and Growth of Payments

Stable Dividend: VC2's dividend payments have been volatile in the past 10 years.

Growing Dividend: VC2's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.5%), VC2's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: VC2 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Sunny George Verghese (62 yo)

no data


Mr. Sunny George Verghese is a Co-Founder of Olam Group Limited (aka Olam International Limited). He serves as Non-Executive Director of Olam Food Ingredients Spain S.L. since March 2022. Mr. Verghese serv...

Leadership Team

Experienced Management: VC2's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Experienced Board: VC2's board of directors are considered experienced (5.7 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: VC2 insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.7%.

Top Shareholders

Company Information

Olam Group Limited's employee growth, exchange listings and data sources

Key Information

  • Name: Olam Group Limited
  • Ticker: VC2
  • Exchange: SGX
  • Founded: 1989
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Implied Market Cap: S$5.802b
  • Shares outstanding: 3.84b
  • Website:

Number of Employees


  • Olam Group Limited
  • No. 20-01 Marina One East Tower
  • 7 Straits View
  • Singapore
  • 18936
  • Singapore


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Annual Earnings2021/12/31

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.