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Singaporean (SGX) Consumer Staples Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies31
  • 7D0.5%
  • 3M11.9%
  • 1Y27.6%
  • YTD14.0%

Over the last 7 days, the Consumer Staples industry has remained flat, although notably First Resources gained 8.1%. As for the the longer term, the industry is up 28% over the past 12 months. Earnings are forecast to grow by 8.4% annually.

Sector Valuation and Performance

Has the Singaporean Consumer Staples Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026S$68.0bS$180.2bS$5.0b13.9x13.7x0.4x
Fri, 20 Mar 2026S$67.2bS$181.0bS$5.0b13.4x13.5x0.4x
Sun, 15 Feb 2026S$64.1bS$208.3bS$4.1b12x15.5x0.3x
Tue, 13 Jan 2026S$60.1bS$210.8bS$4.2b11x14.3x0.3x
Thu, 11 Dec 2025S$59.4bS$211.6bS$4.2b11.2x14.1x0.3x
Sat, 08 Nov 2025S$60.0bS$211.1bS$4.1b11.1x14.5x0.3x
Mon, 06 Oct 2025S$56.6bS$209.7bS$4.1b11.3x13.8x0.3x
Wed, 03 Sep 2025S$56.2bS$209.7bS$4.1b11.2x13.7x0.3x
Fri, 01 Aug 2025S$55.3bS$199.4bS$3.8b11.5x14.4x0.3x
Sun, 29 Jun 2025S$52.5bS$197.4bS$3.9b10.7x13.4x0.3x
Tue, 27 May 2025S$53.7bS$203.3bS$4.1b10.5x13.1x0.3x
Thu, 24 Apr 2025S$55.1bS$205.3bS$4.2b9.9x13.2x0.3x
Sat, 22 Mar 2025S$57.0bS$207.7bS$4.3b9.5x13.4x0.3x
Mon, 17 Feb 2025S$56.2bS$198.2bS$4.9b11x11.4x0.3x
Wed, 15 Jan 2025S$55.5bS$201.0bS$5.0b9.5x11.1x0.3x
Fri, 13 Dec 2024S$57.1bS$198.9bS$4.9b10x11.6x0.3x
Sun, 10 Nov 2024S$56.3bS$194.2bS$4.8b11.1x11.8x0.3x
Tue, 08 Oct 2024S$59.0bS$192.7bS$4.8b10.4x12.2x0.3x
Thu, 05 Sep 2024S$55.8bS$195.7bS$4.6b10.7x12.1x0.3x
Sat, 03 Aug 2024S$55.5bS$197.5bS$4.6b11.9x12.1x0.3x
Mon, 01 Jul 2024S$53.6bS$199.7bS$4.5b11.8x12x0.3x
Wed, 29 May 2024S$55.2bS$198.9bS$4.5b13x12.2x0.3x
Fri, 26 Apr 2024S$57.3bS$199.7bS$4.6b11.6x12.5x0.3x
Sun, 24 Mar 2024S$56.0bS$199.0bS$4.6b11.4x12.3x0.3x
Tue, 20 Feb 2024S$55.7bS$206.8bS$5.3b10x10.6x0.3x
Thu, 18 Jan 2024S$56.4bS$206.8bS$5.3b9.8x10.7x0.3x
Sat, 16 Dec 2023S$56.9bS$205.4bS$5.2b10x10.9x0.3x
Mon, 13 Nov 2023S$58.5bS$209.2bS$5.8b10.5x10.1x0.3x
Wed, 11 Oct 2023S$59.6bS$209.4bS$5.7b10.3x10.4x0.3x
Fri, 08 Sep 2023S$61.8bS$209.8bS$5.8b10.9x10.7x0.3x
Sun, 06 Aug 2023S$63.4bS$217.4bS$7.2b10.7x8.8x0.3x
Tue, 04 Jul 2023S$63.0bS$218.6bS$7.2b10.8x8.7x0.3x
Thu, 01 Jun 2023S$64.1bS$219.0bS$7.3b9.6x8.8x0.3x
Sat, 29 Apr 2023S$67.8bS$217.4bS$7.4b10.4x9.2x0.3x
Price to Earnings Ratio

9.2x


Total Market Cap: S$67.8bTotal Earnings: S$7.4bTotal Revenue: S$217.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Consumer Staples Sector Price to Earnings3Y Average 12.1x202420252026
Current Industry PE
  • Investors are optimistic on the Singaporean Consumer Staples industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.7x which is higher than its 3-year average PE of 12.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.29x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have declined 12% per year over the last three years,
  • Revenues have also declined 6.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Singaporean Consumer Staples sector?

SG Market0.49%
Consumer Staples0.46%
Food and Staples Retail1.80%
Food1.27%
Personal Products0%0
Beverage-4.65%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 10.3%, which is lower than the prior year's growth of 35.4% per year.
  • Investors are most pessimistic about the Beverage industry, which is trading below its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 35% per year.
  • In contrast, the Beverage industry is expected to see its earnings grow by 6.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EB5 First ResourcesS$3.088.1%
+S$356.0m		101.3%PE10.6x
VC2 Olam GroupS$0.979.6%
+S$320.5m		2.6%PE26.7x
F34 Wilmar InternationalS$3.891.3%
+S$312.1m		23.9%PE13.5x
D01 DFI Retail Group HoldingsUS$4.353.8%
+US$216.6m		77.6%PE25.1x
Q01 QAFS$1.073.9%
+S$23.0m		22.3%PE15.5x

Latest News

F34
S$3.89
Wilmar International
7D
1.3%
1Y
23.9%
D01
US$4.35
DFI Retail Group Holdings
7D
3.8%
1Y
77.6%

D01: Dividend Increase And Retail Intelligence Pilot Will Support Higher Earnings Multiple

Analysts have maintained their $5.70 price target on DFI Retail Group Holdings, citing only very small adjustments to discount rate, revenue growth, profit margin and forward P/E assumptions that leave their overall valuation view largely unchanged. What's in the News DFI Retail launched a pilot with SymphonyAI to test retail intelligence tools aimed at supporting merchandise planning across promotions, assortment, clustering, and space planning, using a platform positioned as a Vertical AI specialist in enterprise retail (Key Developments).
579
S$0.003
Oceanus Group
7D
-25.0%
1Y
-50.0%
F03
S$3.05
Food Empire Holdings
7D
-3.5%
1Y
107.5%
Y92
S$0.41
Thai Beverage
7D
-3.5%
1Y
-18.0%

Y92: Higher Margin Assumptions And Lower P/E Multiple Will Limit Future Upside

Analysts have trimmed their SGD price target on Thai Beverage, citing updated assumptions that combine a slightly lower fair value estimate and revenue growth outlook with a modestly higher profit margin and a reduced future P/E multiple. What's in the News Thai Beverage updated Clause 4 of its Memorandum of Association so that registered capital is Baht 25,169,999, divided into 25,169,999,999 shares with a par value of Baht 1 each, replacing the previous registered capital structure (Key Developments).
MV4
S$0.30
Mewah International
7D
-9.1%
1Y
17.6%
P8Z
S$1.94
Bumitama Agri
7D
0.5%
1Y
141.0%

Expectations focused on stable output, disciplined costs, and continued cash returns to shareholders

Key Positive Drivers and Financial Highlights 1. Exceptional Fiscal Year 2025 Results The company’s full-year results for the period ending December 31, 2025, revealed substantial growth across all key financial metrics.
5JS
S$0.43
Indofood Agri Resources
7D
2.4%
1Y
35.9%
EB5
S$3.08
First Resources
7D
8.1%
1Y
101.3%
VC2
S$0.97
Olam Group
7D
9.6%
1Y
2.6%
E5H
S$0.30
Golden Agri-Resources
7D
-4.7%
1Y
24.5%
P34
S$1.14
Delfi
7D
-3.4%
1Y
61.7%
Q01
S$1.07
QAF
7D
3.9%
1Y
22.3%
Y03
S$0.60
Yeo Hiap Seng
7D
-0.8%
1Y
10.1%
F99
S$1.48
Fraser and Neave
7D
0.7%
1Y
21.3%
5ML
S$1.18
Old Chang Kee
7D
-3.3%
1Y
36.4%