Wilmar International (F34) AI Stock Analysis

• Market Cap: S$24.16B
• Dividend Yield: 4.55%
• Average Volume (3M): 7.04M
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.38
• Revenue Growth: 3.92%
• EPS Growth: -25.13%
• Country: SG
• Employees: 100,000
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 0.14
• Shares Outstanding: 6,403,401,000
• 10 Day Avg. Volume: 7,501,160
• 30 Day Avg. Volume: 7,039,910
• PEG Ratio: 0.50
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 11.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$3.48
• Price Target Upside: -10.15% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.24
• Revenue Forecast (FY): S$74.98B

• Rating: 65 Neutral
• Price Target: S$4.50 ▲(16.28% Upside)
• Action: Reiterated Date: 03/01/26
• Date: Action: Reiterated 03/01/26

The score is primarily held back by financial resilience factors—thin margins, elevated leverage, and volatile cash flow—despite stable profitability. Technicals are supportive with a clear uptrend and balanced momentum, and valuation is helped by a moderate P/E and ~4% dividend yield.

Positive Factors

Vertical integration & scale

Wilmar's vertically integrated footprint—from sourcing through processing to distribution—lets it capture value across the chain, smooth margin shocks, and scale manufacturing and logistics. This structural model supports durable cost control and resilience through commodity cycles.

Negative Factors

Elevated leverage

Debt of roughly 1.4–1.5x equity reduces financial flexibility in a working-capital intensive, cyclical agribusiness. Sustained leverage limits capacity to absorb commodity shocks, fund investment or opportunistic M&A, and raises refinancing and interest coverage risk if margins deteriorate.

Wilmar International Business Overview & Revenue Model

Company Description

Wilmar International Limited operates as an agribusiness company in Singapore, South East Asia, the People's Republic of China, India, Europe, Australia/New Zealand, Africa, and internationally. The company operates through four segments: Food Pro...

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Wilmar International Limited operates as an agribusiness company in Singapore, South East Asia, the People's Republic of China, India, Europe, Australia/New Zealand, Africa, and internationally. The company operates through four segments: Food Pro...

How the Company Makes Money

Wilmar makes money primarily by processing agricultural commodities into higher-value food and feed ingredients and selling both bulk and branded products through a vertically integrated model. Key revenue streams include: 1) Edible oils & fats /...

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Wilmar makes money primarily by processing agricultural commodities into higher-value food and feed ingredients and selling both bulk and branded products through a vertically integrated model. Key revenue streams include: 1) Edible oils & fats /...

Wilmar International Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	69.34B	71.51B	67.38B	67.16B	73.40B	65.79B
Gross Profit	5.37B	5.89B	5.21B	5.27B	6.55B	7.21B
EBITDA	3.51B	3.82B	4.25B	4.43B	5.16B	4.51B
Net Income	1.19B	1.43B	1.17B	1.52B	2.40B	1.89B
Balance Sheet
Total Assets	60.72B	65.61B	59.57B	61.81B	60.40B	58.72B
Cash, Cash Equivalents and Short-Term Investments	12.92B	7.65B	10.46B	10.51B	8.34B	7.90B
Total Debt	29.11B	30.78B	28.61B	30.94B	30.66B	29.38B
Total Liabilities	37.41B	40.56B	37.18B	39.06B	37.80B	36.12B
Stockholders Equity	20.67B	21.85B	19.86B	20.17B	19.99B	19.92B
Cash Flow
Free Cash Flow	122.11M	1.33B	-200.12M	1.60B	-435.37M	-2.57B
Operating Cash Flow	1.38B	2.42B	1.37B	3.89B	2.05B	-45.04M
Investing Cash Flow	-4.38B	-4.10B	-918.24M	-2.46B	-2.46B	-2.36B
Financing Cash Flow	2.49B	-531.53M	-1.79B	113.23M	667.23M	2.41B

Wilmar International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:F34, the sentiment is Positive. The current price of 3.87 is above the 20-day moving average (MA) of 3.83, above the 50-day MA of 3.65, and above the 200-day MA of 3.19, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 58.21 is Neutral, neither overbought nor oversold. The STOCH value of 53.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:F34.

Wilmar International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P8Z	78 Outperform	S$3.35B	10.52	13.70%	6.82%	15.89%	21.52%
EB5	71 Outperform	S$4.44B	7.00	20.19%	5.19%	24.70%	62.15%
5JS	70 Outperform	S$586.28M	5.12	8.01%	2.67%	13.03%	35.10%
F34	65 Neutral	S$24.16B	10.43	4.29%	4.55%	3.92%	-25.13%
E5H	63 Neutral	S$3.93B	―	9.59%	2.87%	16.86%	252.80%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
VC2	48 Neutral	S$3.27B	8.14	6.66%	5.26%	-11.89%	50.41%

Wilmar International Corporate Events