F34 Stock Analysis: Wilmar International | SG
Packaged Foods | SG, Singapore | Market Cap: 23.224m SGD | 12M Return: 36.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.1M
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Wilmar International Limited (F34) is a Singapore-headquartered agribusiness group founded in 1991 that operates across more than a dozen countries in Asia, Africa, Australia, and Europe. Its business is organized into four reporting segments: Food Products (processing, branding, and distribution of edible items such as vegetable oils, sugar, flour, rice, noodles, dairy, and ready-to-eat meals); Feed and Industrial Products (animal feed, non-edible palm and lauric products, oleochemicals, and biodiesel); Plantation and Sugar Milling (oil palm cultivation, sugar milling, and compound fertilizer production); and Others (logistics, jetty port services, and investment activities).
The group is also involved in ancillary services including ship ownership and chartering, warehousing, seaport operations, e-commerce, and treasury functions. Its operations illustrate the vertically integrated model common in the agricultural products sector, spanning upstream plantations, midstream processing and refining, and downstream branded consumer goods.
- Crude palm oil prices swing on Southeast Asian supply shifts
- China consumer demand recovery lifts edible oil margins
- Indonesia biodiesel mandate expands industrial products volume
| Net Income: 1.41b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.29 > 1.0 |
| NWC/Revenue: 5.61% < 20% (prev 5.42%; Δ 0.20% < -1%) |
| CFO/TA 0.04 > 3% & CFO 2.36b > Net Income 1.41b |
| Net Debt (-2.58b) to EBITDA (4.05b): -0.64 < 3 |
| Current Ratio: 1.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (6.24b) vs 12m ago -0.00% < -2% |
| Gross Margin: 8.23% > 18% (prev 7.73%; Δ 0.50% > 0.5%) |
| Asset Turnover: 112.5% > 50% (prev 113.1%; Δ -0.63% > 0%) |
| Interest Coverage Ratio: 2.46 > 6 (EBIT TTM 2.67b / Interest Expense TTM 1.09b) |
| A: 0.06 (Total Current Assets 36.1b - Total Current Liabilities 32.1b) / Total Assets 65.6b |
| B: 0.23 (Retained Earnings 14.9b / Total Assets 65.6b) |
| C: 0.04 (EBIT TTM 2.67b / Avg Total Assets 62.6b) |
| D: 0.54 (Book Value of Equity 21.9b / Total Liabilities 40.6b) |
| Altman-Z'' = 1.99 = BBB |
| DSRI: 0.90 (Receivables 5.70b/6.06b, Revenue 70.4b/67.4b) |
| GMI: 0.94 (GM 7.73% / 8.23%) |
| AQI: 1.12 (AQ_t 0.20 / AQ_t-1 0.18) |
| SGI: 1.05 (Revenue 70.4b / 67.4b) |
| TATA: -0.01 (NI 1.41b - CFO 2.36b) / TA 65.6b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of July 13, 2026, the stock is trading at SGD 3.85 with a total of 5,056,700 shares traded. Over the past week, the price has changed by +3.49%, over one month by +7.84%, over three months by +2.11% and over the past year by +36.30%.
Current recommended Stop Loss: 3.70 (which is 3.9% or 1.9 ATR below the current price).
Wilmar International has no consensus analysts rating.
Market Cap USD = 18.0b (23.2b SGD * 0.7732 SGD.USD)
P/E Trailing = 12.8276
P/E Forward = 12.0337
P/S = 0.3298
P/B = 0.816
P/EG = 10.0276
Revenue TTM = 70.4b USD
EBIT TTM = 2.67b USD
EBITDA TTM = 4.05b USD
Long Term Debt = 7.36b USD (from longTermDebt, last quarter)
Short Term Debt = 23.4b USD (from shortLongTermDebt, last quarter)
Debt = 313.8m USD (Leases only: 313.8m)
Net Debt = -2.58b USD (calculated: Debt 313.8m - CCE 2.89b)
Enterprise Value = 15.4b USD (18.0b + Debt 313.8m - CCE 2.89b)
Interest Coverage Ratio = 2.46 (Ebit TTM 2.67b / Interest Expense TTM 1.09b)
EV/FCF = 12.01x (Enterprise Value 15.4b / FCF TTM 1.28b)
FCF Yield = 8.33% (FCF TTM 1.28b / Enterprise Value 15.4b)
FCF Margin = 1.82% (FCF TTM 1.28b / Revenue TTM 70.4b)
Net Margin = 2.00% (Net Income TTM 1.41b / Revenue TTM 70.4b)
Gross Margin = 8.23% ((Revenue TTM 70.4b - Cost of Revenue TTM 64.6b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.23 (Enterprise Value 15.4b / Total Assets 65.6b)
Interest Expense / Debt = 346.0% (Interest Expense 1.09b / Debt 313.8m)
Taxrate = 25.49% (532.6m / 2.09b)
NOPAT = 1.99b (EBIT 2.67b * (1 - 25.49%))
Current Ratio = 1.12 (Total Current Assets 36.1b / Total Current Liabilities 32.1b)
Debt / Equity = 0.01 (Debt 313.8m / totalStockholderEquity, last quarter 21.9b)
Debt / EBITDA = -0.64 (Net Debt -2.58b / EBITDA 4.05b)
Debt / FCF = -2.01 (Net Debt -2.58b / FCF TTM 1.28b)
Total Stockholder Equity = 20.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.25% (Net Income 1.41b / Total Assets 65.6b)
RoE = 6.87% (Net Income TTM 1.41b / Total Stockholder Equity 20.5b)
RoCE = 9.56% (EBIT 2.67b / Capital Employed (Equity 20.5b + L.T.Debt 7.36b))
RoIC = 6.49% (NOPAT 1.99b / Invested Capital 30.6b)
WACC = 6.12% (E(18.0b)/V(18.3b) * Re(6.23%) + (debt cost/tax rate unavailable))
Discount Rate = 6.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -44.95 | Cagr: 14.38%
[DCF] Terminal Value 75.44% ; FCFF base≈1.28b ; Y1≈1.29b ; Y5≈1.36b
[DCF] Fair Price = 3.81 (EV 21.2b - Net Debt -2.58b = Equity 23.8b / Shares 6.24b; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -30.75 | EPS CAGR: -5.92% | SUE: 2.69 | # QB: 1
Revenue Correlation: 89.57 | Revenue CAGR: 2.40% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.24 | Chg30d=+0.04% | Revisions=+50% | GrowthEPS=+17.6% | GrowthRev=+9.3%
EPS next Year (2027-12-31): EPS=0.27 | Chg30d=+0.26% | Revisions=+62% | GrowthEPS=+10.7% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: +73% (up=8, down=0)