WILMAR INTERNATIONAL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.47 SGD | -0.86% |
|
+2.06% | -2.80% |
| Apr. 26 | Wilmar International to Acquire Additional Shares in Unity Foods | MT |
| Apr. 22 | Wilmar Provides Update on Damage to Facility in Ukraine | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,412 | 22,238 | 19,320 | 19,429 | 16,895 | 15,897 | - | - |
| Enterprise Value (EV) 1 | 38,758 | 39,173 | 45,741 | 46,859 | 43,092 | 42,523 | 40,997 | 42,353 |
| P/E ratio | 15 x | 14.6 x | 10.3 x | 8.13 x | 11.1 x | 9.56 x | 8.33 x | 8.13 x |
| Yield | 2.91% | 2.75% | 3.76% | 5.46% | 4.67% | 4.92% | 5.22% | 5.4% |
| Capitalization / Revenue | 0.46 x | 0.44 x | 0.29 x | 0.26 x | 0.25 x | 0.23 x | 0.22 x | 0.21 x |
| EV / Revenue | 0.91 x | 0.78 x | 0.7 x | 0.64 x | 0.64 x | 0.61 x | 0.57 x | 0.56 x |
| EV / EBITDA | 13.8 x | 10.9 x | 11 x | 9.9 x | 10.9 x | 10.5 x | 9.61 x | 9.3 x |
| EV / FCF | 25.4 x | -27.5 x | -17.8 x | -108 x | 26.9 x | 27.1 x | 31 x | 31.2 x |
| FCF Yield | 3.93% | -3.63% | -5.62% | -0.93% | 3.72% | 3.68% | 3.22% | 3.2% |
| Price to Book | 1.16 x | 1.18 x | 0.97 x | 0.97 x | 0.84 x | 0.75 x | 0.71 x | 0.57 x |
| Nbr of stocks (in thousands) | 6,340,872 | 6,316,232 | 6,295,171 | 6,242,473 | 6,242,733 | 6,242,733 | - | - |
| Reference price 2 | 3.061 | 3.521 | 3.069 | 3.112 | 2.706 | 2.546 | 2.546 | 2.546 |
| Announcement Date | 2/20/20 | 2/22/21 | 2/22/22 | 2/21/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 42,641 | 50,527 | 65,794 | 73,399 | 67,155 | 70,238 | 71,598 | 76,072 |
| EBITDA 1 | 2,807 | 3,609 | 4,172 | 4,734 | 3,963 | 4,052 | 4,267 | 4,553 |
| EBIT 1 | 1,929 | 2,283 | 2,230 | 2,353 | 2,425 | 2,692 | 3,012 | 3,054 |
| Operating Margin | 4.52% | 4.52% | 3.39% | 3.21% | 3.61% | 3.83% | 4.21% | 4.01% |
| Earnings before Tax (EBT) 1 | 1,698 | 2,311 | 2,766 | 3,117 | 1,956 | 2,374 | 2,622 | 2,794 |
| Net income 1 | 1,293 | 1,534 | 1,890 | 2,402 | 1,525 | 1,704 | 1,883 | 1,989 |
| Net margin | 3.03% | 3.04% | 2.87% | 3.27% | 2.27% | 2.43% | 2.63% | 2.61% |
| EPS 2 | 0.2040 | 0.2410 | 0.2990 | 0.3830 | 0.2440 | 0.2662 | 0.3057 | 0.3133 |
| Free Cash Flow 1 | 1,525 | -1,423 | -2,572 | -435.1 | 1,604 | 1,566 | 1,321 | 1,357 |
| FCF margin | 3.58% | -2.82% | -3.91% | -0.59% | 2.39% | 2.23% | 1.85% | 1.78% |
| FCF Conversion (EBITDA) | 54.31% | - | - | - | 40.47% | 38.66% | 30.97% | 29.8% |
| FCF Conversion (Net income) | 117.88% | - | - | - | 105.2% | 91.93% | 70.17% | 68.22% |
| Dividend per Share 2 | 0.0892 | 0.0968 | 0.1152 | 0.1700 | 0.1265 | 0.1254 | 0.1329 | 0.1374 |
| Announcement Date | 2/20/20 | 2/22/21 | 2/22/22 | 2/21/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 29,534 | 17,135 | 19,124 | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | 1,140 | 1,148 | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,167 | 812 | 812 | - | - | - | - | - | 643.3 | 672.6 | 789.6 | 818.8 | 721.8 |
| Operating Margin | 3.95% | 4.74% | 4.25% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 568.7 | 570.7 | 530.3 | 634.6 | 766.2 | 471.3 | - | - | - | - | - | - |
| Net margin | - | 3.32% | 2.98% | - | - | - | - | - | - | - | - | - | - |
| EPS | - | 0.0900 | 0.0900 | 0.0900 | 0.0900 | 0.1000 | 0.1030 | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.0400 | 0.0781 | 0.0200 | - | 0.0400 | 0.1700 | 0.0819 | - | 0.0261 | - | 0.0779 | - |
| Announcement Date | 8/11/21 | 10/29/21 | 2/22/22 | 4/29/22 | 8/4/22 | 10/28/22 | 2/21/23 | 2/21/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 19,346 | 16,935 | 26,422 | 27,430 | 26,197 | 26,627 | 25,100 | 26,456 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.891 x | 4.692 x | 6.333 x | 5.795 x | 6.61 x | 6.572 x | 5.882 x | 5.811 x |
| Free Cash Flow 1 | 1,525 | -1,423 | -2,572 | -435 | 1,604 | 1,566 | 1,321 | 1,357 |
| ROE (net income / shareholders' equity) | 7.66% | 8.61% | 9.74% | 12% | 7.6% | 8.22% | 8.69% | 8.81% |
| ROA (Net income/ Total Assets) | 2.71% | 3.13% | 3.45% | 10.6% | 2.5% | 3.27% | 3.34% | 3.8% |
| Assets 1 | 47,747 | 49,033 | 54,869 | 22,601 | 61,105 | 52,143 | 56,314 | 52,330 |
| Book Value Per Share 2 | 2.640 | 2.990 | 3.160 | 3.200 | 3.230 | 3.390 | 3.580 | 4.450 |
| Cash Flow per Share 2 | 0.5300 | 0.0900 | -0.0100 | 0.3300 | 0.6200 | 0.4800 | 0.4500 | 0.5500 |
| Capex 1 | 1,813 | 1,976 | 2,527 | 2,483 | 2,281 | 1,942 | 1,900 | 1,983 |
| Capex / Sales | 4.25% | 3.91% | 3.84% | 3.38% | 3.4% | 2.77% | 2.65% | 2.61% |
| Announcement Date | 2/20/20 | 2/22/21 | 2/22/22 | 2/21/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
2.546
USD
Average target price
2.801
USD
Spread / Average Target
+9.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.80% | 15.9B | |
| -4.93% | 261B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B | |
| -9.29% | 22.65B |
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- Financials Wilmar International Limited
