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Singaporean (SGX) Food Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies23
  • 7D-0.5%
  • 3M1.1%
  • 1Y-7.6%
  • YTD-4.7%

The Food industry has been flat over the last week, but Golden Agri-Resources has lost 3.6%. As for the longer term, the industry has declined 6.8% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024S$32.6bS$123.8bS$3.3b9.1x9.8x0.3x
Sat, 19 Oct 2024S$33.8bS$120.7bS$3.2b9.6x10.5x0.3x
Mon, 16 Sep 2024S$32.2bS$119.5bS$3.2b9.2x10.1x0.3x
Wed, 14 Aug 2024S$31.4bS$126.7bS$3.0b9.9x10.5x0.2x
Fri, 12 Jul 2024S$31.9bS$128.9bS$2.9b10.9x10.9x0.2x
Sun, 09 Jun 2024S$31.8bS$129.2bS$3.0b10.9x10.5x0.2x
Tue, 07 May 2024S$32.7bS$129.0bS$3.1b11.1x10.5x0.3x
Thu, 04 Apr 2024S$34.3bS$129.0bS$3.0b10.6x11.3x0.3x
Sat, 02 Mar 2024S$33.3bS$128.6bS$3.1b10.4x10.9x0.3x
Mon, 29 Jan 2024S$33.8bS$133.3bS$3.8b9.2x8.9x0.3x
Wed, 27 Dec 2023S$34.2bS$131.7bS$3.8b9.4x9.1x0.3x
Fri, 24 Nov 2023S$35.7bS$133.3bS$3.9b9.6x9.2x0.3x
Sun, 22 Oct 2023S$33.9bS$137.1bS$4.2b8.7x8.1x0.2x
Tue, 19 Sep 2023S$36.3bS$136.4bS$4.2b9.6x8.6x0.3x
Thu, 17 Aug 2023S$34.9bS$135.7bS$4.2b10.1x8.4x0.3x
Sat, 15 Jul 2023S$36.5bS$138.3bS$5.2b8.8x7x0.3x
Mon, 12 Jun 2023S$37.7bS$140.7bS$5.3b8.5x7x0.3x
Wed, 10 May 2023S$37.7bS$139.1bS$5.4b9.6x7x0.3x
Fri, 07 Apr 2023S$39.5bS$139.5bS$5.5b9.5x7.2x0.3x
Sun, 05 Mar 2023S$38.2bS$140.9bS$5.6b8.1x6.9x0.3x
Tue, 31 Jan 2023S$38.5bS$136.3bS$5.4b8.2x7.1x0.3x
Thu, 29 Dec 2022S$40.1bS$139.7bS$5.6b7.2x7.2x0.3x
Sat, 26 Nov 2022S$39.6bS$142.4bS$5.6b7.3x7x0.3x
Mon, 24 Oct 2022S$35.3bS$146.3bS$5.6b6.3x6.3x0.2x
Wed, 21 Sep 2022S$38.8bS$145.0bS$5.5b6.8x7x0.3x
Fri, 19 Aug 2022S$40.7bS$142.6bS$5.5b7.1x7.4x0.3x
Sun, 17 Jul 2022S$39.0bS$132.7bS$4.6b8.5x8.4x0.3x
Tue, 14 Jun 2022S$41.3bS$131.6bS$4.6b8.7x9x0.3x
Thu, 12 May 2022S$42.3bS$131.0bS$4.4b9.8x9.6x0.3x
Sat, 09 Apr 2022S$46.2bS$128.5bS$4.3b8.6x10.7x0.4x
Mon, 07 Mar 2022S$46.1bS$128.5bS$4.3b8.3x10.7x0.4x
Wed, 02 Feb 2022S$41.6bS$113.5bS$4.1b11.9x10.2x0.4x
Fri, 31 Dec 2021S$40.8bS$113.5bS$4.1b12.3x10.1x0.4x
Sun, 28 Nov 2021S$41.5bS$115.1bS$4.1b12.2x10.1x0.4x
Price to Earnings Ratio

10.1x


Total Market Cap: S$41.5bTotal Earnings: S$4.1bTotal Revenue: S$115.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Food Industry Price to Earnings3Y Average 8.9x202220232024
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 9.9x 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 0.28x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 6.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% per year.
  • This means that although more sales are being generated, 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 Market0.51%
Consumer Staples0.52%
Food-0.47%
Agricultural Products-0.23%
Packaged Foods and Meats-1.55%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 24.5% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Packaged Foods and Meats 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
579 Oceanus GroupS$0.00716.7%
+S$25.7m		-30.0%PS0.5x
P34 DelfiS$0.821.9%
+S$9.2m		-29.9%PE9.2x
P8Z Bumitama AgriS$0.840.6%
+S$8.7m		35.5%PE8.2x
BEW JB FoodsS$0.493.1%
+S$4.5m		6.5%PE3.8x
Q01 QAFS$0.830.6%
+S$2.9m		1.8%PE13.7x
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579

S$0.007

Oceanus Group

7D

16.7%

1Y

-30.0%

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Nov 20
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EB5

S$1.49

First Resources

7D

-5.1%

1Y

3.5%

These 4 Measures Indicate That First Resources (SGX:EB5) Is Using Debt Reasonably Well

Nov 19
These 4 Measures Indicate That First Resources (SGX:EB5) Is Using Debt Reasonably Well

F99

S$1.33

Fraser and Neave

7D

-3.6%

1Y

25.5%

5EG

S$0.016

Zhongxin Fruit and Juice

7D

-11.1%

1Y

-15.8%

P8Z

S$0.84

Bumitama Agri

7D

0.6%

1Y

35.5%

MV4

S$0.27

Mewah International

7D

-1.8%

1Y

0%

5ML

S$0.79

Old Chang Kee

7D

-2.5%

1Y

25.6%

BJV

S$0.11

Yamada Green Resources

7D

1.0%

1Y

-24.3%

Y03

S$0.57

Yeo Hiap Seng

7D

-2.5%

1Y

-8.7%

P34

S$0.82

Delfi

7D

1.9%

1Y

-29.9%

5JS

S$0.33

Indofood Agri Resources

7D

-1.5%

1Y

8.3%

Here's Why Indofood Agri Resources (SGX:5JS) Can Manage Its Debt Responsibly

Sep 04
Here's Why Indofood Agri Resources (SGX:5JS) Can Manage Its Debt Responsibly

BEW

S$0.49

JB Foods

7D

3.1%

1Y

6.5%

F03

S$1.01

Food Empire Holdings

7D

-2.9%

1Y

-9.0%

Q01

S$0.83

QAF

7D

0.6%

1Y

1.8%