Asia300

Wilmar International Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 3.54
Mar 23, 2017
Market cap:
Market cap(USD):
22,668.03M
16,184.14M
Shares: 6,403.40M

Currency in SGD

Company profile

Market(Ticker): SES(F34)
Sector:
Industry:
Process Industries
Agricultural Commodities/Milling
Full time employees: --

Business summary

Wilmar International Ltd. is an investment holding company, which engages in the processing, merchandising, and distribution of agricultural products. It is also involved in the management and operations of oil mills and plantations. It operates through the following segments: Tropical Oils; Oilseeds and Grains; Sugar; and Others. The Tropical Oils segments involves merchandising and processing of palm oil and laurics related products. processing includes refining, fractionation and other down-stream processing. The Oilseeds and Grains segment comprises the merchandising and processing of a wide range of edible oils, oilseeds and grains from the crushing and milling, further processing and refining of soybean as well as other oilseeds and grains. The Sugar segment engages in the merchandising and processing of sugar and its related products. The Others segment includes the manufacturing and distribution of fertiliser products and ship-chartering services. The company was founded by Kuok Khoon Hong and Martua Sitorus in 1991 and is headquartered in Singapore.

Company background

Wilmar International is a global agribusiness firm with a focus on palm oil, sugar and grains. One of the world's largest processors and merchandisers of palm oil, it manages plantations in Indonesia and Malaysia. The firm covers the entire chain of food distribution from production, processing and packaging to distribution. It manages 450 manufacturing plants in 15 countries and distribution networks in over 50 countries.

Wilmar was co-founded by the current chairman and CEO Kuok Khoon Hong in 1991. Born into one of the richest families in Southeast Asia which built on successes in agricultural trading during the British colonial era, he began his career in the agricultural business in 1973, establishing oil palm plantations in Asia and Africa. Wilmar's largest shareholder is family-owned shareholding company the Kuok Group, followed by Kuok Khoon Hong. Wilmar's recent large-scale transactions include the acquisition of Goodman Fielder, an Australian producer of dairy products, sauces and cooking oils, which went into agreement in May this year. Wilmar also agreed this year to acquire a strategic stake in Mumbai-based Shree Renuka Sugars and to form joint ventures in Myanmar.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 57,161.15M
Gross profit 5,536.20M
Operating income 2,102.38M
Income before tax 1,794.77M
Net income 1,342.32M
EBITDA 3,157.50M
Diluted EPS 0.21
Dividends per share 0.06
Total assets 53,500.74M
Total liabilities 31,282.75M
Total equity 20,853.57M
Operating cash flow 1,587.96M

Currency in SGD

Revenue 41,401.68M
Gross profit 4,009.86M
Operating income 1,522.75M
Income before tax 1,299.95M
Net income 972.24M
EBITDA 2,286.96M
Diluted EPS 0.15
Dividends per share 0.04
Total assets 37,032.42M
Total liabilities 21,653.46M
Total equity 14,434.53M
Operating cash flow 1,150.16M

Currency in USD

Valuation measures

Dec 2016

PER 16.88
ROA 2.50%
ROE 6.34%
Operating margin 3.67%
Profit margin 2.34%

Key executive

  • Chairman & Chief Executive Officer: Khoon Hong Kuok
  • Chief Operating Officer & Executive Director: Seck Guan Pua
  • Chief Financial Officer: Kiam Kong Ho
  • Group Head-Technical: Matthew John Morgenroth
  • Head-Plantations Division: Ing Sing Goh

Share holders

  • PPB Group Bhd.(18.3%)
  • Archer-Daniels-Midland Co.(12.5%)
  • Adm AG Holding Ltd.(5.8%)
  • Global Cocoa Holdings Ltd.(5.5%)
  • Kerry Group Ltd.(5.4%)
  • Longhlin Asia Ltd.(5.2%)
  • Kuok Group(4.0%)
  • Harpole Resources Ltd.(4.0%)
  • Firefly Ltd.(3.8%)
  • HPR Investments Ltd.(3.5%)

Address

  • Website: http://www.wilmar-international.com
  • Address: 56 Neil Road, Singapore, 088830, Singapore
  • Phone: +65.6216.0244

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