WLMIF (Wilmar International) Altman Z2-Score: 2.03 (As of Jun. 28, 2026) — Near Median


WLMIF Wilmar International Ltd WLMIF
74 GF Score
Price $2.78
GF Value $2.59
Valuation Fairly Valued
! 10 Warning Signs
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What is Wilmar International Altman Z2-Score?

Wilmar International WLMIF 74 Altman Z2-Score is 2.03 as of Jun. 28, 2026, which is 3% below its 10-year median of 2.09. GuruFocus rates WLMIF with a GF Score™ of 74/100 and a GF Value™ of $2.59 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,966 Consumer Packaged Goods companies, Wilmar International ranks worse than 68.41% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Wilmar International has a Altman Z2-Score of 2.03, indicating it is in Grey Zones. This implies that Wilmar International is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Wilmar International's Altman Z2-Score or its related term are showing as below:

WLMIF' s Altman Z2-Score Range Over the Past 10 Years
Min: 2   Med: 2.09   Max: 2.41
Current: 2.03

During the past 13 years, Wilmar International's highest Altman Z2-Score was 2.41. The lowest was 2.00. And the median was 2.09.


Wilmar International  (OTCPK:WLMIF) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Wilmar International Altman Z2-Score Related Terms


Wilmar International Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Wilmar International's Altman Z2-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 Altman Z2-Score Chart

Wilmar International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.01 2.13 2.07 2.03

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
Altman Z2-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 2.13 0.00 2.07 0.00 2.03

WLMIF vs KHC, GIS: Altman Z2-Score Comparison

For the Packaged Foods subindustry, Wilmar International's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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 Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wilmar International's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Wilmar International's Altman Z2-Score falls into.


WLMIF
74GF Score
Wilmar International Ltd WLMIF
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Wilmar International Altman Z2-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Wilmar International's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.0602+3.26*0.2271+6.72*0.0484+1.05*0.5388
=2.03

* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was $65,642 Mil.
Total Current Assets was $36,081 Mil.
Total Current Liabilities was $32,128 Mil.
Retained Earnings was $14,908 Mil.
Pre-Tax Income was $2,090 Mil.
Interest Expense was $-1,086 Mil.
Total Liabilities was $40,581 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(36080.739 - 32128.239)/65641.775
=0.0602

X2=Retained Earnings/Total Assets
=14907.806/65641.775
=0.2271

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2089.815 - -1085.628)/65641.775
=0.0484

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(21865.27 - 0)/40580.932
=0.5388

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Wilmar International has a Altman Z2-Score of 2.03 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.03 mean?
Wilmar International (WLMIF) has a Altman Z2-Score of 2.03 as of Jun. 28, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Wilmar International and its competitors. This is near median its historical median of 2.09. Over the past decade, Wilmar International's Altman Z2-Score has ranged from 2.00 to 2.41. According to the industry distribution chart, Wilmar International ranks #1345 out of 1966 companies in the Consumer Packaged Goods industry, placing it in the top 68.4%.
Is Wilmar International's Altman Z2-Score too high?
Wilmar International's current Altman Z2-Score of 2.03 is near median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 2.41. The Consumer Packaged Goods industry median Altman Z2-Score is 3.73. Wilmar International's value of 2.03 is 45.6% below this industry median. Based on the distribution chart, Wilmar International ranks #1345 out of 1966 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Wilmar International has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wilmar International's Altman Z2-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Wilmar International ranks #1345 out of 1966 companies for Altman Z2-Score. This places Wilmar International in the lower half of its industry. The industry median Altman Z2-Score is 3.73. Wilmar International's value of 2.03 is 45.6% below this benchmark. Historically, Wilmar International's own Altman Z2-Score has ranged from 2.00 to 2.41 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 3.73, Wilmar International has consistently been below 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 Altman Z2-Score for a Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.73, based on 1,966 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wilmar International's current Altman Z2-Score of 2.03 is 45.6% below 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 Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Wilmar International and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wilmar International's current Altman Z2-Score is 2.03, which is near median its own 10-year median of 2.09. 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?
Based on GuruFocus' analysis, Wilmar International (WLMIF) is currently considered Fairly Valued. The stock's GF Value™ is $2.59, compared to a current price of $2.78 — trading 7.3% above its estimated fair value. The current Altman Z2-Score is 2.03, which is near median its 10-year median of 2.09 and 45.6% below the Consumer Packaged Goods industry median of 3.73. Wilmar International's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Wilmar International (WLMIF), the current Altman Z2-Score is 2.03 as of Jun. 28, 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 (WLMIF) Overvalued in 2026?

Based on GuruFocus' analysis, Wilmar International stock appears to be overvalued. The current stock price of $2.78 is trading 7.3% above its estimated GF Value™ of $2.59. GuruFocus considers Wilmar International to be Fairly Valued.

Key valuation signals for WLMIF:

  • Altman Z2-Score: 2.03 (near median its 10-year median of 2.09)
  • GF Value™: $2.59 vs. price of $2.78 (7.3% above fair value)
  • GF Score™: 74/100 with 10 warning signs
  • Industry Position: 45.6% below the Consumer Packaged Goods median (#1345 of 1966)

No single metric tells the full story. See the WLMIF 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.
74GF Score

Get the complete analysis for WLMIF

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.78
Price
$2.59
GF Value