G. WILLI-FOOD INTERNATIONAL Reports Profitable Second Quarter FY2023 Results
September 1, 2023
☀️Earnings Overview
G. WILLI-FOOD INTERNATIONAL ($NASDAQ:WILC) revealed their financial results for the second quarter of FY2023, which ended on June 30 2023, on August 30 2023. The total revenue saw a rise of 4.9% compared to the same quarter of the previous year, coming out to ILS 129.2 million, while the net income experienced a decline of 32.5% year over year, amounting to ILS 4.9 million.
Price History
The company’s stock opened at $11.4 and closed at $11.5, down by 3.9% from the prior closing price of 11.9. This was driven by strong sales of their core products in the quarter, as well as improved cost management. The company offered investors positive guidance for the remainder of FY2023, with expectations of continued strong performance due to their focus on cost optimization and expanding product range. Investors remain optimistic about the company’s prospects for the remainder of FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WILC. More…
| Total Revenues | Net Income | Net Margin |
| 537.7 | 36.41 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WILC. More…
| Operations | Investing | Financing |
| 1.12 | 6.66 | -67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WILC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 589.45 | 43.55 | 39.37 |
Key Ratios Snapshot
Some of the financial key ratios for WILC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | -16.8% | 7.7% |
| FCF Margin | ROE | ROA |
| -3.3% | 4.8% | 4.4% |
Analysis
At GoodWhale, we recently performed an analysis on the wellbeing of G. WILLI-FOOD INTERNATIONAL. According to our Star Chart, G. WILLI-FOOD INTERNATIONAL has a high health score of 9/10 considering its cashflows and debt, indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy. Further, we observed that G. WILLI-FOOD INTERNATIONAL is strong in asset, and medium in dividend, growth, and profitability. Based on this data, we classified G. WILLI-FOOD INTERNATIONAL as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Investors looking for a company with a strong financial standing and dependable performance may be interested in investing in G. WILLI-FOOD INTERNATIONAL. Companies with health scores such as G. WILLI-FOOD INTERNATIONAL’s are able to sustain themselves even during turbulent economies, making them a safe option for investors who prefer low-risk investments. Further, G. WILLI-FOOD INTERNATIONAL’s moderate revenue and earnings growth indicate potential for increase in wealth for investors in the future. Overall, G. WILLI-FOOD INTERNATIONAL is an attractive investment option for investors who desire a steady return with reduced risk. More…
Peers
It faces competition from Nascent Wine Co Inc, Shineroad International Holdings Ltd, and Cool Link (Holdings) Ltd, all of which are prominent players in the food industry. Despite the competitive landscape, G. Willi-Food International Ltd has managed to maintain its leading position through its innovative products, excellent customer service, and commitment to quality.
– Nascent Wine Co Inc ($OTCPK:NCTW)
Nascent Wine Co Inc is a leading producer and distributor of fine wines from around the world. The company has been in business since 1997 and has built a strong reputation for producing high-quality wines. As of 2023, Nascent Wine Co Inc has a market capitalization of 131.33k, giving it a relatively small size compared to other major wine companies. The company also has a negative Return on Equity (ROE) of -56.08%. This suggests that the company has not been able to generate profits as efficiently as its peers, which is concerning for potential investors. Despite this, Nascent Wine Co Inc remains a respected player in the wine industry and continues to offer quality wines to its customers.
– Shineroad International Holdings Ltd ($SEHK:01587)
Shineroad International Holdings Ltd is a Hong Kong-based company engaged in the importing and exporting of goods and services. The company has a market cap of 408 million as of 2023, which puts it among the more prominent players in the industry. Additionally, Shineroad International Holdings Ltd has an impressive return on equity of 9.39%. This measure of profitability shows that the company is using its shareholders investments to create value and generate returns. This bodes well for investors who are looking for strong returns on their investments.
– Cool Link (Holdings) Ltd ($SEHK:08491)
Cool Link (Holdings) Ltd is a company that provides a range of mobile data services and products. Its market capitalization stands at 55.67M as of 2023. This represents the total value of the company’s outstanding shares. Additionally, its Return on Equity (ROE) ratio stands at -36.91%. This is a measure of profitability and can be used to compare the performance of the company to that of its peers. It indicates that the company is not doing well financially and may need to improve its operations in order to increase profitability.
Summary
G. WILLI-FOOD INTERNATIONAL recently reported its earnings results for the second quarter of FY2023, with total revenue increasing by 4.9% year over year to ILS 129.2 million, while net income dropped 32.5%. Following the announcement, the stock price fell on the same day. Despite the drop in net income, investors may view the increase in total revenue as a positive sign of the company’s progress and potential future performance. Investors should continue to monitor the company’s performance in order to gauge its potential long-term profitability and growth.
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