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Singaporean (SGX) Food Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies22
  • 7D-1.1%
  • 3M10.9%
  • 1Y14.2%
  • YTD15.5%

Over the last 7 days, the Food industry has dropped 1.1%, driven by Wilmar International declining 2.4%. On the other hand Bumitama Agri is actually up 5.6%. In the past year, the industry has gained 14%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Singaporean Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Nov 2025S$36.4bS$127.1bS$3.1b12.7x11.7x0.3x
Thu, 23 Oct 2025S$33.5bS$125.2bS$3.0b11.3x11.3x0.3x
Sat, 20 Sep 2025S$33.1bS$123.7bS$2.9b9.4x11.3x0.3x
Mon, 18 Aug 2025S$32.2bS$123.7bS$2.9b11.5x11x0.3x
Wed, 16 Jul 2025S$31.2bS$117.6bS$2.9b11.1x10.6x0.3x
Fri, 13 Jun 2025S$31.3bS$117.4bS$2.9b10.5x10.7x0.3x
Sun, 11 May 2025S$32.1bS$124.0bS$3.1b10.1x10.3x0.3x
Tue, 08 Apr 2025S$32.0bS$128.5bS$3.2b8.8x9.9x0.2x
Thu, 06 Mar 2025S$33.6bS$127.7bS$3.2b8.4x10.4x0.3x
Sat, 01 Feb 2025S$32.6bS$124.7bS$3.4b9.2x9.7x0.3x
Mon, 30 Dec 2024S$32.4bS$125.1bS$3.4b8.9x9.6x0.3x
Wed, 27 Nov 2024S$32.3bS$124.1bS$3.3b9.1x9.7x0.3x
Fri, 25 Oct 2024S$33.8bS$121.3bS$3.2b9.7x10.5x0.3x
Sun, 22 Sep 2024S$32.5bS$118.8bS$3.2b9.8x10.3x0.3x
Tue, 20 Aug 2024S$32.0bS$123.5bS$3.0b9.4x10.7x0.3x
Thu, 18 Jul 2024S$32.4bS$128.2bS$2.9b11.2x11.1x0.3x
Sat, 15 Jun 2024S$31.7bS$129.3bS$3.0b10.7x10.4x0.2x
Mon, 13 May 2024S$32.4bS$129.4bS$3.1b10.9x10.4x0.3x
Wed, 10 Apr 2024S$34.7bS$128.5bS$3.0b10.6x11.5x0.3x
Fri, 08 Mar 2024S$33.3bS$127.6bS$3.1b10.4x10.9x0.3x
Sun, 04 Feb 2024S$33.5bS$133.5bS$3.8b9.3x8.8x0.3x
Tue, 02 Jan 2024S$34.8bS$131.3bS$3.8b9.5x9.2x0.3x
Thu, 30 Nov 2023S$35.6bS$132.5bS$3.9b9.6x9.2x0.3x
Sat, 28 Oct 2023S$34.5bS$136.9bS$4.2b9x8.2x0.3x
Mon, 25 Sep 2023S$35.7bS$136.5bS$4.2b9.4x8.5x0.3x
Wed, 23 Aug 2023S$35.0bS$135.4bS$4.1b10.1x8.4x0.3x
Fri, 21 Jul 2023S$36.5bS$138.5bS$5.2b8.8x7x0.3x
Sun, 18 Jun 2023S$38.5bS$139.9bS$5.3b8.8x7.2x0.3x
Tue, 16 May 2023S$38.1bS$140.3bS$5.5b9.6x7x0.3x
Thu, 13 Apr 2023S$39.2bS$139.7bS$5.5b9.5x7.2x0.3x
Sat, 11 Mar 2023S$38.0bS$142.0bS$5.6b10.9x6.8x0.3x
Mon, 06 Feb 2023S$38.7bS$137.4bS$5.5b8.3x7.1x0.3x
Wed, 04 Jan 2023S$38.7bS$139.6bS$5.6b7.4x7x0.3x
Fri, 02 Dec 2022S$39.8bS$141.6bS$5.6b7.4x7.1x0.3x
Price to Earnings Ratio

7.1x


Total Market Cap: S$39.8bTotal Earnings: S$5.6bTotal Revenue: S$141.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Food Industry Price to Earnings3Y Average 9.4x202320242025
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 11.7x which is higher than its 3-year average PE of 9.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.26x.
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 3.5% 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-1.06%
Consumer Staples-1.36%
Food-1.08%
Packaged Foods and Meats-0.45%
Agricultural Products-1.22%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 9.0x.
    • Analysts are expecting annual earnings growth of 12.4%, 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 below 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 25% over the next 5 years.
  • This is better than its past earnings decline of 6.4% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 12% 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
P8Z Bumitama AgriS$1.513.4%
+S$86.7m		81.9%PE12.4x
E5H Golden Agri-ResourcesS$0.281.8%
+S$63.4m		3.7%PE6.4x
P34 DelfiS$0.867.5%
+S$36.7m		5.5%PE15.2x
5JS Indofood Agri ResourcesS$0.387.0%
+S$34.9m		18.8%PE5.8x
F03 Food Empire HoldingsS$2.632.3%
+S$32.8m		163.0%PE40.2x

Latest News

BEW
S$0.63
JB Foods
7D
-16.0%
1Y
26.0%

Even With A 36% Surge, Cautious Investors Are Not Rewarding JB Foods Limited's (SGX:BEW) Performance Completely

Nov 20
Even With A 36% Surge, Cautious Investors Are Not Rewarding JB Foods Limited's (SGX:BEW) Performance Completely
E5H
S$0.28
Golden Agri-Resources
7D
1.8%
1Y
3.7%
5ML
S$1.15
Old Chang Kee
7D
-1.7%
1Y
44.7%
F99
S$1.46
Fraser and Neave
7D
-0.7%
1Y
7.4%

Getting In Cheap On Fraser and Neave, Limited (SGX:F99) Is Unlikely

Nov 17
Getting In Cheap On Fraser and Neave, Limited (SGX:F99) Is Unlikely
EB5
S$2.14
First Resources
7D
0.5%
1Y
44.6%

First Resources Limited's (SGX:EB5) Shares Bounce 28% But Its Business Still Trails The Market

Nov 17
First Resources Limited's (SGX:EB5) Shares Bounce 28% But Its Business Still Trails The Market
F03
S$2.63
Food Empire Holdings
7D
2.3%
1Y
163.0%

An Intrinsic Calculation For Food Empire Holdings Limited (SGX:F03) Suggests It's 49% Undervalued

Nov 14
An Intrinsic Calculation For Food Empire Holdings Limited (SGX:F03) Suggests It's 49% Undervalued
F34
S$3.25
Wilmar International
7D
-1.8%
1Y
6.2%

Does Wilmar International (SGX:F34) Have A Healthy Balance Sheet?

Nov 12
Does Wilmar International (SGX:F34) Have A Healthy Balance Sheet?
P8Z
S$1.51
Bumitama Agri
7D
3.4%
1Y
81.9%

Even With A 27% Surge, Cautious Investors Are Not Rewarding Bumitama Agri Ltd.'s (SGX:P8Z) Performance Completely

Oct 27
Even With A 27% Surge, Cautious Investors Are Not Rewarding Bumitama Agri Ltd.'s (SGX:P8Z) Performance Completely
BNE
S$0.30
Kencana Agri
7D
9.1%
1Y
265.9%

A Piece Of The Puzzle Missing From Kencana Agri Limited's (SGX:BNE) 27% Share Price Climb

Sep 29
A Piece Of The Puzzle Missing From Kencana Agri Limited's (SGX:BNE) 27% Share Price Climb
Q01
S$0.90
QAF
7D
1.1%
1Y
7.8%
P34
S$0.86
Delfi
7D
7.5%
1Y
5.5%

Delfi (SGX:P34) Will Pay A Smaller Dividend Than Last Year

Aug 15
Delfi (SGX:P34) Will Pay A Smaller Dividend Than Last Year
5JS
S$0.38
Indofood Agri Resources
7D
7.0%
1Y
18.8%
42W
S$0.034
Zixin Group Holdings
7D
-8.1%
1Y
13.3%