Is There An Opportunity With Wilmar International Limited's (SGX:F34) 47% Undervaluation?
Feb 16
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Singaporean (SGX) Food Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies23
- 7D1.8%
- 3M9.9%
- 1Y26.2%
- YTD14.0%
Over the last 7 days, the Food industry has risen 1.8%, driven by gains from Wilmar International of 1.7%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Singaporean Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 26 Feb 2026 | S$39.6b | S$123.2b | S$3.0b | 13.2x | 13.1x | 0.3x |
| Sat, 24 Jan 2026 | S$36.3b | S$124.5b | S$3.1b | 12.3x | 11.9x | 0.3x |
| Mon, 22 Dec 2025 | S$34.7b | S$125.8b | S$3.1b | 11.8x | 11.2x | 0.3x |
| Wed, 19 Nov 2025 | S$36.6b | S$126.6b | S$3.1b | 12.1x | 11.8x | 0.3x |
| Fri, 17 Oct 2025 | S$33.3b | S$124.8b | S$3.0b | 10.5x | 11.3x | 0.3x |
| Sun, 14 Sep 2025 | S$33.6b | S$123.6b | S$2.9b | 9.3x | 11.5x | 0.3x |
| Tue, 12 Aug 2025 | S$31.9b | S$118.1b | S$2.9b | 11.4x | 10.9x | 0.3x |
| Thu, 10 Jul 2025 | S$31.0b | S$117.6b | S$2.9b | 10.7x | 10.6x | 0.3x |
| Sat, 07 Jun 2025 | S$32.3b | S$124.0b | S$3.1b | 10.2x | 10.5x | 0.3x |
| Mon, 05 May 2025 | S$32.3b | S$124.0b | S$3.1b | 9.5x | 10.3x | 0.3x |
| Wed, 02 Apr 2025 | S$34.9b | S$128.1b | S$3.2b | 9x | 10.8x | 0.3x |
| Fri, 28 Feb 2025 | S$33.0b | S$125.8b | S$2.8b | 9.4x | 11.8x | 0.3x |
| Sun, 26 Jan 2025 | S$32.4b | S$124.0b | S$3.3b | 9.2x | 9.7x | 0.3x |
| Tue, 24 Dec 2024 | S$31.8b | S$125.0b | S$3.4b | 8.8x | 9.5x | 0.3x |
| Thu, 21 Nov 2024 | S$32.6b | S$123.8b | S$3.3b | 9.1x | 9.8x | 0.3x |
| Sat, 19 Oct 2024 | S$33.8b | S$120.7b | S$3.2b | 9.6x | 10.5x | 0.3x |
| Mon, 16 Sep 2024 | S$32.2b | S$119.5b | S$3.2b | 9.2x | 10.1x | 0.3x |
| Wed, 14 Aug 2024 | S$31.4b | S$126.7b | S$3.0b | 9.9x | 10.5x | 0.2x |
| Fri, 12 Jul 2024 | S$31.9b | S$128.9b | S$2.9b | 10.9x | 10.9x | 0.2x |
| Sun, 09 Jun 2024 | S$31.8b | S$129.2b | S$3.0b | 10.9x | 10.5x | 0.2x |
| Tue, 07 May 2024 | S$32.7b | S$129.0b | S$3.1b | 11.1x | 10.5x | 0.3x |
| Thu, 04 Apr 2024 | S$34.3b | S$129.0b | S$3.0b | 10.6x | 11.3x | 0.3x |
| Sat, 02 Mar 2024 | S$33.3b | S$128.6b | S$3.1b | 10.4x | 10.9x | 0.3x |
| Mon, 29 Jan 2024 | S$33.8b | S$133.3b | S$3.8b | 9.2x | 8.9x | 0.3x |
| Wed, 27 Dec 2023 | S$34.2b | S$131.7b | S$3.8b | 9.4x | 9.1x | 0.3x |
| Fri, 24 Nov 2023 | S$35.7b | S$133.3b | S$3.9b | 9.6x | 9.2x | 0.3x |
| Sun, 22 Oct 2023 | S$33.9b | S$137.1b | S$4.2b | 8.7x | 8.1x | 0.2x |
| Tue, 19 Sep 2023 | S$36.3b | S$136.4b | S$4.2b | 9.6x | 8.6x | 0.3x |
| Thu, 17 Aug 2023 | S$34.9b | S$135.7b | S$4.2b | 10.1x | 8.4x | 0.3x |
| Sat, 15 Jul 2023 | S$36.5b | S$138.3b | S$5.2b | 8.8x | 7x | 0.3x |
| Mon, 12 Jun 2023 | S$37.7b | S$140.7b | S$5.3b | 8.5x | 7x | 0.3x |
| Wed, 10 May 2023 | S$37.7b | S$139.1b | S$5.4b | 9.6x | 7x | 0.3x |
| Fri, 07 Apr 2023 | S$39.5b | S$139.5b | S$5.5b | 9.5x | 7.2x | 0.3x |
| Sun, 05 Mar 2023 | S$38.2b | S$140.9b | S$5.6b | 8.1x | 6.9x | 0.3x |
Price to Earnings Ratio
6.9x
Current Industry PE
- Investors are optimistic on the Singaporean Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.1x which is higher than its 3-year average PE of 9.8x.
- The industry is trading close to its 3-year average PS ratio of 0.27x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 18% per year over the last three years,
- Revenues have also declined 4.4% 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 industry?
| SG Market | 1.78% | |
| Consumer Staples | 1.07% | |
| Food | 1.77% | |
| Packaged Foods and Meats | 2.13% | |
| Agricultural Products | 1.69% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 9.5x.
- Analysts are expecting annual earnings growth of 11.4%, which is lower than the prior year's growth of 45.5% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average of 12.7x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 5.1% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| F34 Wilmar International | S$3.60 | 1.7% +S$374.6m | 13.9% | PE15x | |
| F03 Food Empire Holdings | S$3.27 | 9.4% +S$153.4m | 205.6% | PE51.6x | |
| EB5 First Resources | S$2.32 | 2.7% +S$92.9m | 61.1% | PE9.7x | |
| BEW JB Foods | S$0.71 | 8.4% +S$19.1m | 51.1% | PE1.5x | |
| D03 Del Monte Pacific | S$0.094 | 8.0% +S$13.6m | 27.0% | PE1.9x |