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Process Industries

Wilmar International Ltd.

  • 3.87 SGD
  • -0.03
  • -0.77%
  • Singapore
    Sep 17, 2019
  • Ticker
    SES(F34)
  • Prev. close
    3.90
  • Market cap (SGD)
    24,973.26M
  • Market cap (USD)
    18,127.16M
  • Shares
    6,403.40M

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.

Business Summary

Wilmar International Ltd. is an investment holding company, which engages in the processing, merchandising, and distribution of agricultural products. It operates through the following segments: Tropical Oils; Oilseeds and Grains; Sugar; and Others. The Tropical Oils segments processes, merchandise, brands and distributes palm oil and laurics related products including oleochemical and biodiesel. The Oilseeds and Grains segment comprises the merchandising and processing of a wide range of agricultural products including non palm and lauric edible oils, oilseeds, flour and rice milling, corn processing and downstream products like wheat and rice noodles in consumer pack, medium pack and in bulk. The Sugar segment engages in milling, refining, merchandising, branding, and distribution of sugar and its related products. The Others segment includes 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.

Financial Highlights

Dec 2018 SGDUSD
Revenue60,040.90M44,497.70M
Gross Profit5,927.99M4,393.37M
Operating income2,359.16M1,748.43M
Income before tax2,182.35M1,617.39M
Net income1,556.15M1,153.30M
EBITDA3,434.44M2,545.34M
Diluted EPS0.240.17
Dividends Per Share0.100.07
Total Assets62,261.69M45,679.89M
Total liabilities39,364.15M28,880.52M
Total equity21,874.54M16,048.82M
Operating cash flow2,249.67M1,667.28M
Currency in SGDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 54,588.09M 53,327.89M 57,161.15M 60,152.85M 60,040.90M
Gross Profit 4,144.98M 4,860.77M 6,323.04M 5,199.15M 5,927.99M
Operating income 1,107.68M 1,597.19M 2,931.89M 1,712.67M 2,359.16M
Income before tax 1,948.09M 1,896.95M 1,794.77M 2,157.03M 2,182.35M
Net income 1,464.86M 1,406.78M 1,342.32M 1,650.59M 1,556.15M
EBITDA 1,942.67M 2,588.09M 3,917.05M 2,725.97M 3,434.44M
Diluted EPS 0.22 0.22 0.21 0.26 0.24
Dividends Per Share 0.07 0.08 0.06 0.10 0.10
Total Assets 57,718.91M 52,385.07M 53,500.74M 54,702.29M 62,261.69M
Total liabilities 35,926.97M 30,638.23M 31,248.55M 31,961.46M 39,364.15M
Total equity 20,532.33M 20,420.24M 20,853.57M 21,333.74M 21,874.54M
Operating cash flow 2,506.60M 3,103.33M 1,587.96M 540.16M 2,249.67M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 43,084.87M 38,776.63M 41,401.68M 43,573.92M 44,497.70M
Gross Profit 3,271.51M 3,534.44M 4,579.76M 3,766.19M 4,393.37M
Operating income 874.26M 1,161.37M 2,123.56M 1,240.63M 1,748.43M
Income before tax 1,537.57M 1,379.34M 1,299.95M 1,562.52M 1,617.39M
Net income 1,156.17M 1,022.92M 972.24M 1,195.66M 1,153.30M
EBITDA 1,533.30M 1,881.89M 2,837.11M 1,974.65M 2,545.34M
Diluted EPS 0.18 0.16 0.15 0.18 0.17
Dividends Per Share 0.05 0.05 0.04 0.07 0.07
Total Assets 43,558.16M 36,926.00M 37,032.42M 40,932.57M 45,679.89M
Total liabilities 27,112.65M 21,596.75M 21,629.79M 23,916.09M 28,880.52M
Total equity 15,494.93M 14,394.13M 14,434.53M 15,963.59M 16,048.82M
Operating cash flow 1,978.39M 2,256.54M 1,150.16M 391.28M 1,667.28M

Valuation Measures

Dec 2018
PER12.96
ROA2.66%
ROE7.20%
Operating margin3.92%
Profit margin2.59%

Key executives

  • Chairman & Chief Executive Officer: Khoon Hong Kuok
  • Chief Operating Officer & Executive Director: Seck Guan Pua
  • Chief Financial Officer: Kiam Kong Ho
  • Chief Information Officer: So Cheer Kwek
  • Group Head-Technical: Matthew John Morgenroth

Shareholders

  • Archer-Daniels-Midland Co. (24.5%)
  • PPB Group Bhd. (18.3%)
  • Kerry Group Ltd. (6.5%)
  • Longhlin Asia Ltd. (5.3%)
  • Kuok Group (4.1%)
  • Harpole Resources Ltd. (4.0%)
  • HPR Investments Ltd. (3.5%)
  • Hong Lee Holdings Pte Ltd. (2.8%)
  • Wilmar International Ltd. (1.0%)
  • The Vanguard Group, Inc. (0.8%)

Contact Details

Related Companies

  • PT. Wilmar Consultancy Services
  • PT Wilmar Chemical Indonesia
  • Delta Wilmar Cis LLC
  • Wilmar Tea Pte Ltd.
  • Wilmar PZ International Pte Ltd.
  • Wilmar-Delta Holdings Pte Ltd.
  • Raffles Ship Chartering Pte Ltd.
  • Larnia Pte Ltd.
  • Dara Shipping Co. Pte Ltd.
  • Wilmar International Ltd. /Lavera Ethoxylation Plant/
  • Wilmar Ventures Pte Ltd.
  • Wilmar Sugar (Myanmar) Pte Ltd.
  • Savannah Commodities Pty Ltd. (South Africa)
  • Wilmar (IM) Investments Pte Ltd.
  • Wilmer Holdings Pte Ltd.
  • Wca Pte Ltd.
  • Wilmar Kuantan Edible Oils Sdn. Bhd.
  • Wilmar Sugar Brasil Comercial Ltda.
  • Wilmar Europe Trading BV
  • PT Sentratama Niaga Indonesia
  • Yihai Kerry (Yanzhou) Grain & Oil Industry Co., Ltd.
  • Yihai (Chongqing) Foodstuffs Co., Ltd.
  • Yihai (Lianyungang) Grain & Oil Industrial Co., Ltd.
  • Wilmar Trading (Asia) Pte Ltd.
  • Wilmar Sugar Pty Ltd.
  • Yihai (Guanghan) Oils, Grains & Foodstuffs Co. Ltd.
  • Shanghai Yihai Commercial Co. Ltd.
  • Wilmar China Northeast Investments Pte Ltd.
  • Pyramid Wilmar Pvt Ltd.
  • Wilmar Oleo North America LLC

Competitors

  • Bunge Limited
  • Sime Darby Plantation Bhd.
  • Agro Tech Foods Limited
  • JinJian Cereals Industry Co Ltd Class A
  • SIPEF group
Last Updated on 17 Sep, 2019

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