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Asia's largest agribusiness group, processing and trading palm oil, edible oils, grains and sugar.
Asia's largest agribusiness group, processing and trading palm oil, edible oils, grains and sugar.
Earns processing and trading margins at each stage of the food chain: refining palm oil and other edible oils, crushing oilseeds, milling grains and refining sugar, then selling in bulk to food makers and in branded packs to households. Founded in Singapore in 1991, it is held by its founders and the Kuok group, and its Chinese consumer-brand business runs through the listed Yihai Kerry Arawana.
In one line: An Asian Archer-Daniels-Midland/Bunge.
Moat: narrow (scale, distribution, installed base). Vertically integrated plantation-to-consumer-brand supply chain across Asia gives cost/logistics advantages.
Headquarters: Singapore · Founded: 1991 · Employees: 100,000
Size Wilmar International (F34.SI) is a Singapore Consumer Staples company (Agricultural Commodities/Milling) with a market value of $14.5B, the 11th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$2.97 on 6 Nov 2026.
Performance Over six months the shares fell 18.9%, against -10.6% for the median peer and -1.2% for the Singapore market (cap-weighted) — 4th lowest of 18 in its peer set.
Growth Revenue grew 6.3% over the last twelve months (peer median +2.6%); the operating margin is 3.3% (peer median 4.1%).
Valuation It trades at 10.2× forward earnings against a peer median of 17.3× (3rd cheapest of 13).
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$97.7B | S$92.0B | S$90.0B | S$90.2B | S$101B |
| Revenue growth | — | +2% | 0% | -11% | — |
| Gross profit | S$8.24B | S$7.57B | S$6.96B | S$5.81B | S$11.2B |
| EBITDA | S$5.15B | S$4.74B | S$4.57B | S$3.07B | S$6.76B |
| Net income | S$1.83B | S$1.84B | S$1.56B | S$2.05B | S$3.31B |
| Free cash flow | -S$192M | S$1.68B | -S$212M | S$2.31B | -S$460M |
| Capital expenditure | S$1.56B | S$1.41B | S$2.10B | S$3.06B | S$3.42B |
| Total debt | n/a | S$40.0B | S$39.0B | S$40.8B | S$41.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wilmar International F34.SI | $14.5B | -19% | +6% | 3% | 10.2× | n/a |
| Archer Daniels Midland ADM | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% |
| Bunge Global BG | $19.0B | -20% | +55% | 4% | 9.2× | n/a |
| Golden Agri-Resources E5H.SI | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% |
| First Resources Ltd. (Singapore) EB5.SI | $3.27B | -26% | +51% | 30% | 7.6× | -7.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | F34.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.9% | +4.8% | 3rd lowest of 18 |
| 6-month return | -18.9% | -10.6% | 4th lowest of 18 |
| Distance from 52-week high | -26.1% | -25.2% | 9th lowest of 18 |
| Revenue growth (TTM) | +6.3% | +2.6% | 9th highest of 18 |
| Operating margin | 3.3% | 4.1% | 8th lowest of 18 |
| Forward P/E | 10.2× | 17.3× | 3rd cheapest of 13 |
| ROIC minus cost of capital | -1.0 pp | +0.3 pp | 6th lowest of 18 |
| EV / EBITDA | 10.4× | 7.9× | 2nd most expensive of 5 |
| Net debt / EBITDA | 6.0× | 1.2× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wilmar International F34.SI | Singapore | $14.5B | -19% | +6% | 3% | 10.2× | n/a | n/a |
| Wen's Foodstuff 300498.SZ | China | $16.7B | +2% | -5% | -4% | n/a | n/a | n/a |
| Guangdong Haid 002311.SZ | China | $12.1B | -1% | +8% | 3% | 21.1× | -1.1% | +16.3% |
| Bunge Global BG | United States | $19.0B | -20% | +55% | 4% | 9.2× | n/a | n/a |
| SalMar SALM.OL | Norway | $8.35B | +5% | +14% | 19% | 22.2× | 3.5% | +16.3% |
| Tongwei 600438.SS | China | $8.27B | -29% | -12% | -15% | n/a | n/a | n/a |
| Inner Mongolia Yili Industrial 600887.SS | China | $29.3B | +15% | +2% | 9% | 19.2× | -0.1% | +3.7% |
| Pilgrim's Pride PPC | United States | $6.79B | -2% | 0% | 5% | 13.0× | -4.8% | +8.9% |
| Archer Daniels Midland ADM | United States | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% | +4.5% |
| Muyuan Foods 2714.HK | Hong Kong | $33.4B | -12% | -14% | -4% | n/a | n/a | n/a |
| Patanjali Foods PATANJALI.NS | India | $4.75B | -11% | +19% | 4% | 27.1× | n/a | n/a |
| New Hope Liuhe 000876.SZ | China | $4.71B | -19% | +7% | -3% | n/a | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 11.7× | -7.7% | +10.5% |
| Jiangxi Zhengbang Technology 002157.SZ | China | $3.97B | -17% | +15% | -10% | n/a | n/a | n/a |
| Nisshin Seifun 2002.T | Japan | $3.94B | +14% | +3% | 5% | 15.4× | -1.1% | +4.9% |
| Cofco Sugar 600737.SS | China | $3.94B | -18% | -29% | 6% | 22.9× | n/a | n/a |
| Fujian Wanchen Food 300972.SZ | China | $3.86B | -43% | +46% | 7% | 9.9× | -18.7% | +157.9% |
| Heilongjiang Agriculture 600598.SS | China | $3.66B | -18% | -12% | 24% | 59.7× | n/a | n/a |