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Process Industries

Wilmar International Ltd.

  • 3.21 SGD
  • -0.04
  • -1.23%
  • Singapore
    Aug 14, 2018
  • Ticker
    SES(F34)
  • Prev. close
    3.25
  • Market cap (SGD)
    20,811.05M
  • Market cap (USD)
    15,147.16M
  • 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 also involved in the management and operations of oil mills and plantations. The company 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. Wilmar International was founded by Kuok Khoon Hong and Martua Sitorus in 1991 and is headquartered in Singapore.

Financial Highlights

Dec 2017 SGDUSD
Revenue60,528.90M43,846.32M
Gross Profit4,252.77M3,080.65M
Operating income779.68M564.79M
Income before tax2,205.58M1,597.69M
Net income1,683.22M1,219.30M
EBITDA1,792.98M1,298.81M
Diluted EPS0.260.19
Dividends Per Share0.100.07
Total Assets54,702.29M40,932.57M
Total liabilities31,961.46M23,916.09M
Total equity21,333.74M15,963.59M
Operating cash flow572.87M414.98M
Currency in SGDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 55,164.62M 54,588.09M 53,327.89M 57,161.15M 60,528.90M
Gross Profit 4,361.22M 4,144.98M 4,860.77M 6,323.04M 4,252.77M
Operating income 1,376.65M 1,107.68M 1,597.19M 2,931.89M 779.68M
Income before tax 2,221.71M 1,948.09M 1,896.95M 1,794.77M 2,205.58M
Net income 1,650.40M 1,464.86M 1,406.78M 1,342.32M 1,683.22M
EBITDA 2,136.33M 1,942.67M 2,588.09M 3,917.05M 1,792.98M
Diluted EPS 0.25 0.22 0.22 0.21 0.26
Dividends Per Share 0.08 0.07 0.08 0.06 0.10
Total Assets 58,877.30M 57,718.91M 52,385.07M 53,500.74M 54,702.29M
Total liabilities 38,763.55M 35,926.97M 30,638.23M 31,248.55M 31,961.46M
Total equity 18,945.09M 20,532.33M 20,420.24M 20,853.57M 21,333.74M
Operating cash flow 1,994.26M 2,506.60M 3,103.33M 1,587.96M 572.87M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 44,085.00M 43,084.87M 38,776.63M 41,401.68M 43,846.32M
Gross Profit 3,485.28M 3,271.51M 3,534.44M 4,579.76M 3,080.65M
Operating income 1,100.15M 874.26M 1,161.37M 2,123.56M 564.79M
Income before tax 1,775.49M 1,537.57M 1,379.34M 1,299.95M 1,597.69M
Net income 1,318.92M 1,156.17M 1,022.92M 972.24M 1,219.30M
EBITDA 1,707.26M 1,533.30M 1,881.89M 2,837.11M 1,298.81M
Diluted EPS 0.20 0.18 0.16 0.15 0.19
Dividends Per Share 0.06 0.05 0.05 0.04 0.07
Total Assets 46,631.79M 43,558.16M 36,926.00M 37,032.42M 40,932.57M
Total liabilities 30,701.37M 27,112.65M 21,596.75M 21,629.79M 23,916.09M
Total equity 15,004.82M 15,494.93M 14,394.13M 14,434.53M 15,963.59M
Operating cash flow 1,593.71M 1,978.39M 2,256.54M 1,150.16M 414.98M

Valuation Measures

Dec 2017
PER11.59
ROA3.11%
ROE7.97%
Operating margin1.28%
Profit margin2.78%

Key executives

  • 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
  • Group Head-Internal Audit: Soo Chay Tan

Shareholders

  • Archer-Daniels-Midland Co. (24.5%)
  • PPB Group Bhd. (18.3%)
  • Kerry Group Ltd. (6.5%)
  • Longhlin Asia Ltd. (5.2%)
  • Kuok Group (4.1%)
  • Harpole Resources Ltd. (4.0%)
  • HPR Investments Ltd. (3.5%)
  • Hong Lee Holdings Pte Ltd. (2.7%)
  • Wilmar International Ltd. (1.2%)
  • The Vanguard Group, Inc. (0.7%)

Contact Details

Related Companies

  • 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
  • Raffles Shipping International Pte Ltd.
  • Wilmar Sugar Australia Holdings Pty Ltd.
  • Wilmar BioEthanol (Australia) Pty Ltd.
  • Siteki Investments Pte Ltd.
  • Pyramid Wilmar Plantations Pvt Ltd.
  • Wilmar Consultancy Services Pte Ltd.
  • Wilmar Africa Investments Pte Ltd.
  • Sucrogen Investments Pty Ltd.
  • Yihai Kerry (Kunshan) Foodstuffs Industries Co., Ltd.
  • KOG Investments Pte Ltd.
  • Great Ocean Oil & Grain Industries (Fangchenggang) Co., Ltd.

Competitors

  • Bunge Limited
  • Golden Agri-Resources Ltd
  • Agro Tech Foods Limited
  • Global Green Chemicals Public Co. Ltd.
  • SIPEF group
Last Updated on 14 Aug, 2018

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