Wilmar International (HAM:RTHA) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 17% Above Median


HAM:RTHA Wilmar International Ltd HAM:RTHA
89 GF Score
Price €2.37
GF Value €2.26
! 10 Warning Signs
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What is Wilmar International Piotroski F-Score?

Wilmar International HAM:RTHA -3.65% 89 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates HAM:RTHA with a GF Score™ of 89/100 and a GF Value™ of €2.26. The stock has 10 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Wilmar International ranks better than 88.59% on this metric.

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Wilmar International has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Wilmar International's Piotroski F-Score or its related term are showing as below:

HAM:RTHA' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 7

During the past 13 years, the highest Piotroski F-Score of Wilmar International was 7. The lowest was 4. And the median was 6.

Wilmar International  (HAM:RTHA) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Wilmar International Piotroski F-Score Related Terms


Wilmar International Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Wilmar International's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wilmar International Piotroski F-Score Chart

Wilmar International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.00 5.00 5.00 7.00

Wilmar International Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 5.00 0.00 7.00

HAM:RTHA vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Wilmar International's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wilmar International Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wilmar International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Wilmar International's Piotroski F-Score falls into.


HAM:RTHA
89GF Score
Wilmar International Ltd HAM:RTHA
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was €1,205 Mil.
Cash Flow from Operations was €2,017 Mil.
Revenue was €60,135 Mil.
Gross Profit was €4,950 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (56891.422 + 56058.076) / 2 = €56474.749 Mil.
Total Assets at the begining of this year (Dec24) was €56,891 Mil.
Long-Term Debt & Capital Lease Obligation was €6,486 Mil.
Total Current Assets was €30,813 Mil.
Total Current Liabilities was €27,438 Mil.
Net Income was €1,117 Mil.

Revenue was €64,347 Mil.
Gross Profit was €4,976 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (56678.571 + 56891.422) / 2 = €56784.9965 Mil.
Total Assets at the begining of last year (Dec23) was €56,679 Mil.
Long-Term Debt & Capital Lease Obligation was €6,516 Mil.
Total Current Assets was €31,717 Mil.
Total Current Liabilities was €28,232 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Wilmar International's current Net Income (TTM) was 1,205. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Wilmar International's current Cash Flow from Operations (TTM) was 2,017. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=1204.885/56891.422
=0.02117868

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1117.172/56678.571
=0.01971066

Wilmar International's return on assets of this year was 0.02117868. Wilmar International's return on assets of last year was 0.01971066. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Wilmar International's current Net Income (TTM) was 1,205. Wilmar International's current Cash Flow from Operations (TTM) was 2,017. ==> 2,017 > 1,205 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=6486.02/56474.749
=0.11484814

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=6515.871/56784.9965
=0.11474635

Wilmar International's gearing of this year was 0.11484814. Wilmar International's gearing of last year was 0.11474635. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=30812.951/27437.516
=1.12302262

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=31717.122/28231.544
=1.12346395

Wilmar International's current ratio of this year was 1.12302262. Wilmar International's current ratio of last year was 1.12346395. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Wilmar International's number of shares in issue this year was 6242.733. Wilmar International's number of shares in issue last year was 6242.733. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=4949.588/60135.006
=0.08230793

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=4976.3/64347.024
=0.07733536

Wilmar International's gross margin of this year was 0.08230793. Wilmar International's gross margin of last year was 0.07733536. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=60135.006/56891.422
=1.05701359

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=64347.024/56678.571
=1.13529722

Wilmar International's asset turnover of this year was 1.05701359. Wilmar International's asset turnover of last year was 1.13529722. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+0+1+1+0
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Wilmar International has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 7 mean?
Wilmar International (HAM:RTHA) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wilmar International and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Wilmar International's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Wilmar International ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is Wilmar International's Piotroski F-Score too high?
Wilmar International's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Wilmar International's value of 7 is 40% above this industry median. Based on the distribution chart, Wilmar International ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Wilmar International has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Wilmar International's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Wilmar International ranks #218 out of 1911 companies for Piotroski F-Score. This places Wilmar International in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Wilmar International's value of 7 is 40% above this benchmark. Historically, Wilmar International's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Wilmar International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wilmar International's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Wilmar International and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilmar International's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wilmar International stock overvalued right now?
Wilmar International (HAM:RTHA) has a current Piotroski F-Score of 7. The stock's GF Value™ is €2.26, compared to a current price of €2.37 — trading 5% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Wilmar International's overall GF Score™ is 89/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Wilmar International (HAM:RTHA), the current Piotroski F-Score is 7 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Wilmar International (HAM:RTHA) Overvalued in 2026?

Based on GuruFocus' analysis, Wilmar International stock appears to be overvalued. The current stock price of €2.37 is trading 5% above its estimated GF Value™ of €2.26.

Key valuation signals for HAM:RTHA:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: €2.26 vs. price of €2.37 (5% above fair value)
  • GF Score™: 89/100 with 10 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1911)

No single metric tells the full story. See the HAM:RTHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wilmar International Business Description

Address 28 Biopolis Road, Wilmar International, Singapore, SGP, 138568
Wilmar International Ltd is a processor of palm and lauric oils and a producer of consumer pack edible oils. Its operating segment includes Food Products; Feed and Industrial Products; Plantation and Sugar Milling, Associates and Joint Ventures and others. The company generates maximum revenue from the Feed and Industrial Products segment. Its Feed and Industrial Products segment comprises the processing, merchandising, and distribution of products, which includes animal feeds, non-edible palm and lauric products, agricultural commodities, oleochemicals, gas oil, and biodiesel. Geographically, it derives a majority of revenue from the People's Republic of China.
89GF Score

Get the complete analysis for HAM:RTHA

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.37
Price
€2.26
GF Value