Potential Upside For Wilmar International Limited (SGX:F34) Not Without Risk
May 21
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Singaporean (SGX) Food Industry Analysis
UpdatedMay 29, 2025
DataAggregated Company Financials
Companies23
- 7D-1.2%
- 3M-2.6%
- 1Y1.5%
- YTD-0.7%
Over the last 7 days, the Food industry has dropped 1.2%, driven by declines in Wilmar International and First Resources of 0.3% and 2.7%, respectively. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 9.0% 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 |
|---|---|---|---|---|---|---|
| Fri, 30 May 2025 | S$32.2b | S$123.5b | S$3.1b | 10.2x | 10.4x | 0.3x |
| Sun, 27 Apr 2025 | S$32.8b | S$125.5b | S$3.2b | 9.2x | 10.3x | 0.3x |
| Tue, 25 Mar 2025 | S$34.6b | S$127.6b | S$3.2b | 8.8x | 10.7x | 0.3x |
| Thu, 20 Feb 2025 | S$33.5b | S$123.4b | S$3.3b | 9.4x | 10x | 0.3x |
| Sat, 18 Jan 2025 | S$32.3b | S$125.8b | S$3.4b | 9.1x | 9.6x | 0.3x |
| Mon, 16 Dec 2024 | S$32.5b | S$124.3b | S$3.3b | 8.9x | 9.7x | 0.3x |
| Wed, 13 Nov 2024 | S$33.1b | S$122.9b | S$3.2b | 9.3x | 10.2x | 0.3x |
| Fri, 11 Oct 2024 | S$34.0b | S$120.3b | S$3.2b | 9.7x | 10.7x | 0.3x |
| Sun, 08 Sep 2024 | S$32.3b | S$122.4b | S$3.0b | 9.6x | 10.9x | 0.3x |
| Tue, 06 Aug 2024 | S$31.6b | S$126.4b | S$2.9b | 10.4x | 10.7x | 0.3x |
| Thu, 04 Jul 2024 | S$31.9b | S$129.7b | S$3.0b | 10.5x | 10.8x | 0.2x |
| Sat, 01 Jun 2024 | S$31.8b | S$129.2b | S$3.0b | 11.1x | 10.5x | 0.2x |
| Mon, 29 Apr 2024 | S$34.4b | S$130.0b | S$3.0b | 10.6x | 11.3x | 0.3x |
| Wed, 27 Mar 2024 | S$33.8b | S$128.3b | S$3.0b | 10.5x | 11.2x | 0.3x |
| Fri, 23 Feb 2024 | S$33.9b | S$129.7b | S$3.5b | 9.5x | 9.8x | 0.3x |
| Sun, 21 Jan 2024 | S$33.7b | S$133.2b | S$3.8b | 9.2x | 8.8x | 0.3x |
| Tue, 19 Dec 2023 | S$34.2b | S$132.5b | S$3.8b | 9.4x | 9x | 0.3x |
| Thu, 16 Nov 2023 | S$35.6b | S$134.8b | S$4.2b | 9.5x | 8.5x | 0.3x |
| Sat, 14 Oct 2023 | S$35.1b | S$136.8b | S$4.2b | 9.1x | 8.4x | 0.3x |
| Mon, 11 Sep 2023 | S$35.3b | S$136.6b | S$4.2b | 9.3x | 8.4x | 0.3x |
| Wed, 09 Aug 2023 | S$36.9b | S$141.1b | S$5.3b | 8.7x | 7x | 0.3x |
| Fri, 07 Jul 2023 | S$35.2b | S$141.7b | S$5.3b | 8.9x | 6.6x | 0.2x |
| Sun, 04 Jun 2023 | S$37.2b | S$141.3b | S$5.4b | 8.6x | 6.9x | 0.3x |
| Tue, 02 May 2023 | S$37.8b | S$140.2b | S$5.4b | 9.3x | 7x | 0.3x |
| Thu, 30 Mar 2023 | S$39.8b | S$139.4b | S$5.5b | 8.2x | 7.3x | 0.3x |
| Sat, 25 Feb 2023 | S$38.0b | S$141.1b | S$5.7b | 8.2x | 6.7x | 0.3x |
| Mon, 23 Jan 2023 | S$38.4b | S$137.0b | S$5.5b | 8x | 7x | 0.3x |
| Wed, 21 Dec 2022 | S$39.4b | S$140.0b | S$5.6b | 7.2x | 7.1x | 0.3x |
| Fri, 18 Nov 2022 | S$39.9b | S$141.8b | S$5.6b | 7.3x | 7.1x | 0.3x |
| Sun, 16 Oct 2022 | S$35.1b | S$146.6b | S$5.6b | 6.7x | 6.3x | 0.2x |
| Tue, 13 Sep 2022 | S$39.9b | S$144.2b | S$5.5b | 7.9x | 7.2x | 0.3x |
| Thu, 11 Aug 2022 | S$40.4b | S$140.1b | S$5.1b | 8.1x | 8x | 0.3x |
| Sat, 09 Jul 2022 | S$40.2b | S$132.9b | S$4.6b | 8.6x | 8.7x | 0.3x |
| Mon, 06 Jun 2022 | S$42.1b | S$130.6b | S$4.5b | 9.1x | 9.3x | 0.3x |
Price to Earnings Ratio
9.3x
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 10.4x which is higher than its 3-year average PE of 8.9x.
- 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 12% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Singaporean Consumer Staples industry?
| SG Market | 0.43% | |
| Consumer Staples | -1.55% | |
| Food | -1.22% | |
| Packaged Foods and Meats | 0.65% | |
| Agricultural Products | -1.68% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 8.4x.
- Analysts are expecting annual earnings growth of 8.8%, which is lower than the prior year's growth of 31.2% per year.
- Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 12.5x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 11% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 8.8% 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 | |
|---|---|---|---|---|---|
| E5H Golden Agri-Resources | S$0.24 | 2.1% +S$63.4m | -9.3% | PE6.6x | |
| MV4 Mewah International | S$0.26 | 4.0% +S$15.0m | -5.5% | PE7.8x | |
| P34 Delfi | S$0.72 | 2.1% +S$9.2m | -16.7% | PE10.1x | |
| D03 Del Monte Pacific | S$0.07 | 4.5% +S$5.8m | -33.3% | PS0.04x | |
| Y03 Yeo Hiap Seng | S$0.56 | 0.9% +S$3.1m | 0.9% | PE51.3x |
