G. Willi-Food International Ltd. (WILC) 10-Year Financial Performance & Capital Metrics

WILC • • Industrial / General

Consumer DefensiveFood DistributionSpecialty Food DistributionSpecialty Food Importers

AboutG. Willi-Food International Ltd. develops, imports, exports, markets, and distributes food products worldwide. It offers mushrooms, artichoke, beans, asparagus, capers, corn kernels, baby corn, palm hearts, vine leaves, sour pickles, mixed pickled vegetables, pickled peppers, olives, garlic, roasted eggplant sun, and dried tomatoes; and canned fish comprising tuna, sardine, anchovies, smoked and pressed cod liver, herring, fish paste, and salmon products. The company also provides pineapples, peaches, apricots, pears, mangos, cherries, litchis, and fruit cocktail; olive, sunflower, soybean, corn, and rapeseed oils; dairy and dairy substitutes consisting of cheese, feta, Bulgarian cubes, goat cheese, fetina, butter, butter spread, margarine, melted cheese, cheese alternative, condensed milk, whipped cream, yogurt, frozen pizza, and other products; and dried fruits, nuts, and beans, such as figs, apricots, organic chestnuts, sunflower seeds, walnuts, pine nuts, cashews, banana chips, pistachios, and peanuts. In addition, it offers instant noodle soup, frozen edamame soybean, freeze dried instant coffee, bagel, breadstick, coffee creamer, lemon juice, halva, Turkish delight, cookies, vinegar, sweet pastry and crackers, sauce, corn flour, rice, rice sticks, pasta, organic pasta, spaghetti and noodles, breakfast cereals, corn flakes, rusks, tortilla, dried apples snacks, desert, ice cream, and light and alcoholic beverages. It markets its products under the Willi-Food, Donna Rozza, Manchow, Gold Frost, Tifeeret, the Chef Dish, Art Coffe, Mr Chang, Muchi, Euro Butter, Euro Spread, Euro Cheese, Euro Cream, Euro Dessert, Euro Veg, Ha-Bulgaria, Gelato, Pinukim, Emma, and TenBo brand names. The company was formerly known as G. Willi-Food Ltd. and changed its name to G. Willi-Food International Ltd. in June 1996. The company was incorporated in 1994 and is headquartered in Yavne, Israel. G. Willi-Food International Ltd. is a subsidiary of Willi-Food Investments Ltd.Show more

Revenue $576M +6.0%
EBITDA $62M +149.7%
Net Income $70M +122.1%
EPS (Diluted) 5.07 +122.4%
Gross Margin 28.02% +26.3%
EBITDA Margin 10.8% +135.6%
Operating Margin 9.53% +154.4%
Net Margin 12.21% +109.6%
ROE 12.07% +111.9%
ROIC 9.03% +145.3%
Debt/Equity 0.01 +91.9%
Interest Coverage 28.39 +112.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 88 (top 12%)
✓Healthy dividend yield of 2.5%
✓Trading at only 0.7x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.76%

5Y7.79%

3Y8.23%

TTM4.22%

Profit (Net Income) CAGR

10Y14.07%

5Y6.42%

3Y15.95%

TTM65.63%

EPS CAGR

10Y13.33%

5Y5.39%

3Y15.98%

TTM62.47%

ROCE

10Y Avg10.1%

5Y Avg13.79%

3Y Avg6.92%

Latest9.26%

Peer Comparison

Specialty Food Importers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WILCG. Willi-Food International Ltd.	406.98M	29.23	5.77	5.99%	15.83%	49.31%		0.01
TWGTop Wealth Group Holding Limited Ordinary Shares	4.47M	3.44	-1.06	-71.98%	1.93%	2.25%	2.54%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	312.51M	294.2M	311.98M	338.25M	395.64M	454.09M	454.21M	498.32M	543.26M	575.79M
Revenue Growth %	-0.05%	-0.06%	0.06%	0.08%	0.17%	0.15%	0%	0.1%	0.09%	0.06%
Cost of Goods Sold+	237.45M	217.59M	237.65M	240.03M	271.78M	308.72M	315.92M	355.23M	422.69M	414.46M
COGS % of Revenue	0.76%	0.74%	0.76%	0.71%	0.69%	0.68%	0.7%	0.71%	0.78%	0.72%
Gross Profit+	75.06M	76.62M	74.33M	98.21M	123.85M	145.38M	138.29M	143.1M	120.57M	161.33M
Gross Margin %	0.24%	0.26%	0.24%	0.29%	0.31%	0.32%	0.3%	0.29%	0.22%	0.28%
Gross Profit Growth %	-0.06%	0.02%	-0.03%	0.32%	0.26%	0.17%	-0.05%	0.03%	-0.16%	0.34%
Operating Expenses+	70.22M	53.98M	57.93M	60.51M	76.56M	87.91M	88.94M	98M	100.22M	106.46M
OpEx % of Revenue	0.22%	0.18%	0.19%	0.18%	0.19%	0.19%	0.2%	0.2%	0.18%	0.18%
Selling, General & Admin	70.22M	53.98M	57.93M	60.51M	73.64M	87.91M	84.16M	92.51M	100.33M	89.37M
SG&A % of Revenue	0.22%	0.18%	0.19%	0.18%	0.19%	0.19%	0.19%	0.19%	0.18%	0.16%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	112K	361K	69K	2.92M	108K	4.78M	5.49M	-109K	17.09M
Operating Income+	7.03M	22.75M	16.77M	37.77M	33.62M	57.58M	49.35M	45.1M	20.35M	54.87M
Operating Margin %	0.02%	0.08%	0.05%	0.11%	0.08%	0.13%	0.11%	0.09%	0.04%	0.1%
Operating Income Growth %	-0.7%	2.24%	-0.26%	1.25%	-0.11%	0.71%	-0.14%	-0.09%	-0.55%	1.7%
EBITDA+	10.75M	26.51M	20.45M	41.39M	38.43M	63.27M	55.55M	51.6M	24.9M	62.18M
EBITDA Margin %	0.03%	0.09%	0.07%	0.12%	0.1%	0.14%	0.12%	0.1%	0.05%	0.11%
EBITDA Growth %	-0.61%	1.47%	-0.23%	1.02%	-0.07%	0.65%	-0.12%	-0.07%	-0.52%	1.5%
D&A (Non-Cash Add-back)	3.72M	3.76M	3.68M	3.61M	4.82M	5.69M	6.2M	6.51M	4.55M	7.3M
EBIT	6.8M	22.64M	16.4M	37.7M	47.3M	57.47M	49.35M	45.1M	20.35M	54.87M
Net Interest Income+	2.43M	1.19M	2.26M	4.38M	1.34M	1.14M	4.19M	5.35M	7.37M	6.21M
Interest Income	3.36M	2.11M	13.97M	2.26M	1.45M	1.26M	4.29M	5.48M	8.89M	8.14M
Interest Expense	978K	6.57M	3.77M	7.21M	110.86K	119.22K	92K	135K	1.52M	1.93M
Other Income/Expense	2.38M	-6.57M	14.17M	-4.96M	31.63M	10.1M	8.46M	8.88M	18.84M	37.81M
Pretax Income+	9.41M	16.18M	26.96M	32.82M	65.25M	67.67M	57.82M	53.97M	39.19M	92.68M
Pretax Margin %	0.03%	0.05%	0.09%	0.1%	0.16%	0.15%	0.13%	0.11%	0.07%	0.16%
Income Tax+	2.57M	5.33M	5.91M	7.85M	13.73M	15.46M	12.72M	12.41M	7.54M	22.37M
Effective Tax Rate %	0.73%	0.67%	0.78%	0.76%	0.79%	0.77%	0.78%	0.77%	0.81%	0.76%
Net Income+	6.84M	10.85M	21.05M	24.97M	51.51M	52.21M	45.1M	41.56M	31.66M	70.31M
Net Margin %	0.02%	0.04%	0.07%	0.07%	0.13%	0.11%	0.1%	0.08%	0.06%	0.12%
Net Income Growth %	-0.64%	0.59%	0.94%	0.19%	1.06%	0.01%	-0.14%	-0.08%	-0.24%	1.22%
Net Income (Continuing)	6.84M	10.85M	25.02M	24.97M	51.51M	52.21M	45.1M	41.56M	31.66M	70.31M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.52	0.82	1.89	1.89	3.90	3.89	3.25	3.00	2.28	5.07
EPS Growth %	-0.64%	0.58%	1.3%	0%	1.06%	-0%	-0.16%	-0.08%	-0.24%	1.22%
EPS (Basic)	0.52	0.82	1.89	1.89	3.90	3.89	3.25	3.00	2.28	5.07
Diluted Shares Outstanding	13.11M	13.24M	13.24M	13.24M	13.22M	13.43M	13.87M	13.87M	13.87M	13.87M
Basic Shares Outstanding	13.09M	13.11M	13.24M	13.24M	13.22M	13.43M	13.87M	13.87M	13.87M	13.87M
Dividend Payout Ratio	-	1.77%	-	-	-	-	1.33%	1.32%	1.26%	0.14%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	370.91M	366.84M	391.2M	424.1M	143.31M	179.61M	554.07M	513.21M	482.14M	523.82M
Cash & Short-Term Investments	244.72M	234.5M	256.58M	272.19M	76.26M	111.04M	349.81M	267.37M	239.63M	246.13M
Cash Only	79.42M	129.58M	113.06M	134.29M	35.28M	62.86M	195.72M	150.61M	137.47M	122.94M
Short-Term Investments	165.29M	104.92M	143.51M	137.9M	40.98M	48.18M	154.09M	116.76M	102.16M	123.19M
Accounts Receivable	85.39M	82.44M	94.73M	99.98M	44.1M	47.97M	142.1M	170.99M	171.66M	173.03M
Days Sales Outstanding	99.73	102.28	110.83	107.89	40.69	38.56	114.19	125.24	115.33	109.68
Inventory	34.52M	41.88M	39.9M	49.29M	21.06M	19.42M	59.53M	71.93M	62.48M	98.23M
Days Inventory Outstanding	53.06	70.25	61.28	74.95	28.29	22.96	68.78	73.91	53.95	86.51
Other Current Assets	9.75M	7.66M	-1.03M	2.34M	1.64M	1.11M	0	0	0	0
Total Non-Current Assets+	47.95M	44.63M	41.75M	42.31M	12.23M	16.58M	73.99M	95.22M	114.89M	162.56M
Property, Plant & Equipment	44.17M	42.24M	41.21M	39.39M	11.98M	12.31M	42.9M	51.07M	68.71M	114.68M
Fixed Asset Turnover	7.08x	6.96x	7.57x	8.59x	33.02x	36.90x	10.59x	9.76x	7.91x	5.02x
Goodwill	36K	36K	36K	36K	10.42K	11.21K	36K	36K	36K	36K
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	137K	-2.35M	-503K	-2.88M	0	4.27M	31.06M	44.11M	46.14M	47.84M
Other Non-Current Assets	1K	2.35M	503K	2.88M	0	0	0	0	0	0
Total Assets+	418.86M	411.47M	432.95M	466.41M	155.54M	196.19M	628.07M	608.43M	597.03M	686.38M
Asset Turnover	0.75x	0.72x	0.72x	0.73x	2.54x	2.31x	0.72x	0.82x	0.91x	0.84x
Asset Growth %	0.02%	-0.02%	0.05%	0.08%	-0.67%	0.26%	2.2%	-0.03%	-0.02%	0.15%
Total Current Liabilities+	18.47M	19.62M	20.19M	24.7M	12.21M	12.43M	50.14M	42.63M	38.18M	59.93M
Accounts Payable	12.86M	14.83M	12.8M	16.24M	7.14M	7.31M	20.39M	24.84M	21.62M	28.2M
Days Payables Outstanding	19.77	24.88	19.66	24.69	9.58	8.64	23.55	25.53	18.67	24.84
Short-Term Debt	16K	0	0	0	484.94K	433.85K	0	0	0	0
Deferred Revenue (Current)	733K	351K	1000K	1000K	456.28K	556.56K	1000K	1000K	1000K	1000K
Other Current Liabilities	733K	351K	1.26M	1.66M	2.21M	3.06M	17.4M	3.76M	4.19M	4.53M
Current Ratio	20.08x	18.70x	19.37x	17.17x	11.74x	14.45x	11.05x	12.04x	12.63x	8.74x
Quick Ratio	18.21x	16.56x	17.40x	15.18x	10.01x	12.89x	9.86x	10.35x	10.99x	7.10x
Cash Conversion Cycle	133.01	147.65	152.45	158.15	59.39	52.87	159.42	173.62	150.61	171.36
Total Non-Current Liabilities+	679K	849K	1.15M	836K	1.07M	1.33M	6.69M	6.36M	6.62M	13.51M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	640.42K	495.83K	3.06M	1.28M	694K	2.52M
Deferred Tax Liabilities	0	0	0	0	0	239.19K	2.02M	4.2M	4.87M	9.89M
Other Non-Current Liabilities	679K	849K	1.15M	836K	430.23K	593.31K	1.61M	878K	1.05M	1.1M
Total Liabilities	19.15M	20.47M	21.34M	25.53M	13.28M	13.76M	56.83M	48.99M	44.8M	73.44M
Total Debt+	16K	0	0	0	1.13M	929.67K	4.2M	3.48M	2.21M	4.7M
Net Debt	-79.41M	-129.58M	-113.06M	-134.29M	-34.16M	-61.93M	-191.52M	-147.13M	-135.26M	-118.24M
Debt / Equity	0.00x	-	-	-	0.01x	0.01x	0.01x	0.01x	0.00x	0.01x
Debt / EBITDA	0.00x	-	-	-	0.03x	0.01x	0.08x	0.07x	0.09x	0.08x
Net Debt / EBITDA	-7.39x	-4.89x	-5.53x	-3.24x	-0.89x	-0.98x	-3.45x	-2.85x	-5.43x	-1.90x
Interest Coverage	7.18x	3.46x	4.45x	5.24x	303.24x	482.95x	536.47x	334.04x	13.38x	28.39x
Total Equity+	399.71M	391M	411.61M	440.88M	142.26M	182.43M	571.23M	559.44M	552.24M	612.94M
Equity Growth %	0.04%	-0.02%	0.05%	0.07%	-0.68%	0.28%	2.13%	-0.02%	-0.01%	0.11%
Book Value per Share	30.49	29.53	31.09	33.30	10.76	13.58	41.19	40.34	39.82	44.20
Total Shareholders' Equity	399.71M	391M	411.61M	440.88M	142.26M	182.43M	571.23M	559.44M	552.24M	612.94M
Common Stock	1.43M	1.42M	1.42M	1.43M	412.56K	464.06K	1.49M	1.49M	1.49M	1.49M
Retained Earnings	269.88M	261.49M	282.54M	311.48M	105.09M	129.31M	400.32M	386.98M	378.69M	439.02M
Treasury Stock	0	0	0	0	-181.82K	-195.59K	-628K	-628K	-628K	-628K
Accumulated OCI	50K	-261K	-707K	-376K	-226.4K	-334.81K	-712K	52K	93K	-9K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.34M	17.29M	13.04M	27.04M	-2.57M	64.18M	45.52M	14.07M	33.71M	42.97M
Operating CF Margin %	0.05%	0.06%	0.04%	0.08%	-0.01%	0.14%	0.1%	0.03%	0.06%	0.07%
Operating CF Growth %	-0.27%	0.21%	-0.25%	1.07%	-1.09%	26.01%	-0.29%	-0.69%	1.4%	0.27%
Net Income	6.84M	10.85M	21.05M	24.97M	51.51M	52.21M	45.1M	41.56M	31.66M	70.31M
Depreciation & Amortization	3.72M	3.76M	3.68M	3.61M	4.82M	5.69M	6.2M	6.51M	6.95M	7.3M
Stock-Based Compensation	152K	152K	0	0	0	0	0	790K	1.04M	473K
Deferred Taxes	-1M	-3.11M	1.26M	0	0	1.59M	1.25M	2.18M	670K	5.02M
Other Non-Cash Items	-245K	8.31M	-5.37M	13.6M	-14.97M	-27.51M	-13.8M	-12.84M	-20.04M	-43.45M
Working Capital Changes	4.87M	-2.67M	-777K	-15.14M	-43.92M	32.2M	6.77M	-24.13M	13.43M	3.31M
Change in Receivables	81K	2.41M	-5.03M	-187K	-29.78M	22.03M	10.19M	-17.15M	7.53M	18.05M
Change in Inventory	14.07M	-7.36M	1.98M	-9.39M	-22.26M	12.03M	-14K	-12.4M	9.45M	-35.76M
Change in Payables	0	1.02M	0	0	29.78M	-1.86M	-3.4M	17.15M	-3.55M	0
Cash from Investing+	-24.63M	52.13M	-29.56M	-5.82M	-8.11M	-24.59M	15.45M	8.29M	-5.17M	-45.71M
Capital Expenditures	-2.99M	-1.92M	-2.65M	-2.14M	-1.79M	-2.9M	-6.21M	-13.35M	-23.55M	-48.75M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.03%	0.04%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	456K	-8.5M	2.17M	3.97M	-17.65M	-949K	21.66M	21.64M	18.37M	3.03M
Cash from Financing+	6.81M	-19.27M	0	0	-1.76M	40.65M	-62.14M	-57.09M	-42.35M	-12.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-19.25M	0	0	0	0	-59.98M	-54.91M	-39.95M	-9.98M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.79M	-16K	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	11.34M	15.38M	10.39M	24.9M	-4.36M	61.27M	39.31M	719K	10.16M	-5.77M
FCF Margin %	0.04%	0.05%	0.03%	0.07%	-0.01%	0.13%	0.09%	0%	0.02%	-0.01%
FCF Growth %	-0.02%	0.36%	-0.32%	1.4%	-1.17%	15.06%	-0.36%	-0.98%	13.13%	-1.57%
FCF per Share	0.87	1.16	0.78	1.88	-0.33	4.56	2.83	0.05	0.73	-0.42
FCF Conversion (FCF/Net Income)	2.09x	1.59x	0.62x	1.08x	-0.05x	1.23x	1.01x	0.34x	1.06x	0.61x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	6.16M	8.13M	5.93M	7.71M	10M	21.56M	12.99M	12.02M	13.66M	17.47M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.74%	2.74%	5.25%	5.86%	17.67%	32.16%	11.97%	7.35%	5.7%	12.07%
Return on Invested Capital (ROIC)	1.69%	5.87%	4.49%	9.36%	12.16%	37.78%	14.8%	8.54%	3.68%	9.03%
Gross Margin	24.02%	26.04%	23.83%	29.04%	31.3%	32.01%	30.45%	28.72%	22.19%	28.02%
Net Margin	2.19%	3.69%	6.75%	7.38%	13.02%	11.5%	9.93%	8.34%	5.83%	12.21%
Debt / Equity	0.00x	-	-	-	0.01x	0.01x	0.01x	0.01x	0.00x	0.01x
Interest Coverage	7.18x	3.46x	4.45x	5.24x	303.24x	482.95x	536.47x	334.04x	13.38x	28.39x
FCF Conversion	2.09x	1.59x	0.62x	1.08x	-0.05x	1.23x	1.01x	0.34x	1.06x	0.61x
Revenue Growth	-4.94%	-5.86%	6.04%	8.42%	16.97%	14.78%	0.03%	9.71%	9.02%	5.99%

Revenue by Segment

	2018	2022	2023	2024
Other	-	71.33M	74.41M	72.98M
Other Growth	-	-	4.33%	-1.92%
All other segments	65.19M	-	-	-
All other segments Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

G. Willi-Food International Ltd. (WILC) has a price-to-earnings (P/E) ratio of 5.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

G. Willi-Food International Ltd. (WILC) reported $598.5M in revenue for fiscal year 2024. This represents a 126% increase from $264.4M in 2011.

G. Willi-Food International Ltd. (WILC) grew revenue by 6.0% over the past year. This is steady growth.

Yes, G. Willi-Food International Ltd. (WILC) is profitable, generating $94.7M in net income for fiscal year 2024 (12.2% net margin).

Dividend & Returns

Yes, G. Willi-Food International Ltd. (WILC) pays a dividend with a yield of 2.46%. This makes it attractive for income-focused investors.

G. Willi-Food International Ltd. (WILC) has a return on equity (ROE) of 12.1%. This is reasonable for most industries.

G. Willi-Food International Ltd. (WILC) generated $21.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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