WILMAR INTERNATIONAL Reports 9.9% Decrease in Total Revenue for Q2 Fiscal Year 2023, Reaching USD 32.5 Billion

☀️Earnings Overview

On June 30 2023, WILMAR INTERNATIONAL ($SGX:F34) saw a 9.9% drop in total revenue from the same quarter in the previous fiscal year to USD 32.5 billion. Furthermore, the company reported a significant 52.6% decrease in net income to USD 0.55 billion for Q2 of fiscal year 2023.

Analysis

GoodWhale’s Star Chart categorizes WILMAR INTERNATIONAL as a ‘rhino’, meaning that the company has achieved moderate revenue or earnings growth. This type of company generally appeals to investors looking for a steady return, as WILMAR INTERNATIONAL has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that the company is likely to safely ride out any crisis without the risk of bankruptcy. Furthermore, WILMAR INTERNATIONAL is strong in dividend and medium in asset, growth, and profitability. This makes it an attractive investment for those looking for long-term stability and consistent returns. Additionally, WILMAR INTERNATIONAL has been around for years and has a strong track record of successful operations, which further reinforces its appeal as an investment for those seeking a low-risk option. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wilmar International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wilmar International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wilmar International. More…

Key Ratios Snapshot

Some of the financial key ratios for Wilmar International are shown below. More…

Peers

Wilmar International Ltd is one of the leading palm oil companies in the world. Its competitors are Indofood Agri Resources Ltd, Taisun Enterprise Co Ltd, and PT PP London Sumatra Indonesia Tbk.

– Indofood Agri Resources Ltd ($SGX:5JS)

Indofood Agri Resources Ltd is a leading agribusiness company in Indonesia. It is engaged in the cultivation of oil palm, rubber, and other crops; the manufacture of palm oil-based products, such as cooking oil, margarine, shortening, and biodiesel; and the trading of agricultural commodities. The company has a market cap of 411.79M as of 2022 and a Return on Equity of 16.08%.

– Taisun Enterprise Co Ltd ($TWSE:1218)

Taisun Enterprise Co Ltd is a publicly traded company with a market capitalization of $18.94 billion as of 2022. The company has a return on equity of 5.82%. Taisun is engaged in the business of manufacturing and selling steel products and related services. The company’s product portfolio includes hot-rolled coils, cold-rolled coils, galvanized coils, and pre-painted coils. Taisun also provides steel processing services, such as cut-to-length, slitting, and shearing.

– PT PP London Sumatra Indonesia Tbk ($IDX:LSIP)

London Sumatra Indonesia Tbk is one of the largest palm oil producers in the world with a market cap of 7.71T as of 2022. The company has a Return on Equity of 7.69%. The company produces palm oil and palm kernel oil.

Summary

WILMAR INTERNATIONAL reported a 9.9% decrease in total revenue for Q2 of its fiscal year 2023, compared to the same period a year ago. Net income was significantly lower, dropping 52.6%. As an investor, these figures should be taken into consideration when deciding whether to invest in this company.

While WILMAR INTERNATIONAL has seen a decrease in revenue and income, it remains prudent to analyze its financial metrics as well as other factors such as its competitive position and growth prospects. Therefore, investors should conduct their own due diligence before investing in WILMAR INTERNATIONAL.