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F34

Wilmar InternationalSGX:F34 Stock Report

Market Cap

S$27.9b

7D

-1.4%

1Y

2.8%

Updated

20 Oct, 2021

Data

Company Financials +
F34 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends4/6

F34 Overview

Wilmar International Limited operates as an agribusiness company in Singapore and internationally.

Wilmar International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wilmar International
Historical stock prices
Current Share PriceS$4.36
52 Week HighS$4.00
52 Week LowS$5.64
Beta0.62
1 Month Change6.86%
3 Month Change-3.97%
1 Year Change2.83%
3 Year Change42.02%
5 Year Change30.54%
Change since IPO300.00%

Recent News & Updates

Oct 06
Returns At Wilmar International (SGX:F34) Are On The Way Up

Returns At Wilmar International (SGX:F34) Are On The Way Up

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Sep 24
Is Wilmar International (SGX:F34) A Risky Investment?

Is Wilmar International (SGX:F34) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 29
A Look At The Intrinsic Value Of Wilmar International Limited (SGX:F34)

A Look At The Intrinsic Value Of Wilmar International Limited (SGX:F34)

Today we will run through one way of estimating the intrinsic value of Wilmar International Limited ( SGX:F34 ) by...

Aug 17
Here's Why We Think Wilmar International (SGX:F34) Is Well Worth Watching

Here's Why We Think Wilmar International (SGX:F34) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Jul 08
Returns At Wilmar International (SGX:F34) Appear To Be Weighed Down

Returns At Wilmar International (SGX:F34) Appear To Be Weighed Down

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...

Shareholder Returns

F34SG FoodSG Market
7D-1.4%1.2%2.4%
1Y2.8%14.5%22.6%

Return vs Industry: F34 underperformed the SG Food industry which returned 14.5% over the past year.

Return vs Market: F34 underperformed the SG Market which returned 22.6% over the past year.

Price Volatility

Is F34's price volatile compared to industry and market?
F34 volatility
F34 Beta0.62
Industry Beta0.72
Market Beta1

Stable Share Price: F34 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: F34's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991100,000Khoon Hong Kuokhttps://www.wilmar-international.com

Wilmar International Limited operates as an agribusiness company in Singapore and internationally. The company operates through four segments: Food Products, Feed and Industrial Products, Plantation and Sugar Milling, and Others. The Food Products segment engages in processing, branding, and distribution of a range of edible food products, which includes vegetable oil produced from palm and oilseeds, sugar, flour, rice, noodles, specialty fats, snacks, bakery, and dairy products.

Wilmar International Fundamentals Summary

How do Wilmar International's earnings and revenue compare to its market cap?
F34 fundamental statistics
Market CapUS$20.73b
Earnings (TTM)US$1.67b
Revenue (TTM)US$57.40b

12.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
F34 income statement (TTM)
RevenueUS$57.40b
Cost of RevenueUS$51.00b
Gross ProfitUS$6.40b
ExpensesUS$4.73b
EarningsUS$1.67b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)0.27
Gross Margin11.16%
Net Profit Margin2.92%
Debt/Equity Ratio130.4%

How did F34 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Wilmar International undervalued compared to its fair value and its price relative to the market?

25.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: F34 (SGD4.36) is trading below our estimate of fair value (SGD5.83)

Significantly Below Fair Value: F34 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: F34 is poor value based on its PE Ratio (12.2x) compared to the SG Food industry average (11x).

PE vs Market: F34 is good value based on its PE Ratio (12.2x) compared to the SG market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: F34 is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: F34's PB Ratio (1.1x) is in line with the SG Food industry average.


Future Growth

How is Wilmar International forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: F34's forecast earnings growth (5% per year) is above the savings rate (1.8%).

Earnings vs Market: F34's earnings (5% per year) are forecast to grow slower than the SG market (15.2% per year).

High Growth Earnings: F34's earnings are forecast to grow, but not significantly.

Revenue vs Market: F34's revenue (4.5% per year) is forecast to grow slower than the SG market (7.2% per year).

High Growth Revenue: F34's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: F34's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has Wilmar International performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: F34 has high quality earnings.

Growing Profit Margin: F34's current net profit margins (2.9%) are lower than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: F34's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: F34's earnings growth over the past year (16.4%) exceeds its 5-year average (10.9% per year).

Earnings vs Industry: F34 earnings growth over the past year (16.4%) exceeded the Food industry 11.2%.


Return on Equity

High ROE: F34's Return on Equity (8.8%) is considered low.


Financial Health

How is Wilmar International's financial position?


Financial Position Analysis

Short Term Liabilities: F34's short term assets ($30.3B) exceed its short term liabilities ($26.3B).

Long Term Liabilities: F34's short term assets ($30.3B) exceed its long term liabilities ($7.7B).


Debt to Equity History and Analysis

Debt Level: F34's debt to equity ratio (130.4%) is considered high.

Reducing Debt: F34's debt to equity ratio has increased from 106% to 130.4% over the past 5 years.

Debt Coverage: F34's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: F34's interest payments on its debt are well covered by EBIT (23.9x coverage).


Balance Sheet


Dividend

What is Wilmar International current dividend yield, its reliability and sustainability?

3.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: F34's dividend (3.17%) is higher than the bottom 25% of dividend payers in the SG market (1.95%).

High Dividend: F34's dividend (3.17%) is low compared to the top 25% of dividend payers in the SG market (5.24%).


Stability and Growth of Payments

Stable Dividend: F34's dividend payments have been volatile in the past 10 years.

Growing Dividend: F34's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.3%), F34's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: F34's dividends in 3 years are forecast to be well covered by earnings (45.6% payout ratio).


Next Steps

Management

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

12.2yrs

Average management tenure


CEO

Khoon Hong Kuok (72 yo)

15.25yrs

Tenure

US$7,070,372

Compensation

Mr. Khoon Hong Kuok is Non-Executive Chairman of the Board at Adani Wilmar Limited and has been its Director since February 27, 1999. He serves as Non-Independent Non-Executive Chairman at Perennial Holdin...


CEO Compensation Analysis

Compensation vs Market: Khoon Hong's total compensation ($USD7.07M) is above average for companies of similar size in the SG market ($USD2.86M).

Compensation vs Earnings: Khoon Hong's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: F34's management team is seasoned and experienced (12.2 years average tenure).


Board Members

Experienced Board: F34's board of directors are considered experienced (5.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wilmar International Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wilmar International Limited
  • Ticker: F34
  • Exchange: SGX
  • Founded: 1991
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: S$27.881b
  • Shares outstanding: 6.31b
  • Website: https://www.wilmar-international.com

Number of Employees


Location

  • Wilmar International Limited
  • Wilmar International
  • 28 Biopolis Road
  • Singapore
  • 138568
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 11:03
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.