Analysis Article • Apr 22
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Singaporean (SGX) Food Industry Analysis
UpdatedMay 28, 2026
DataAggregated Company Financials
Companies23
- 7D-4.7%
- 3M2.9%
- 1Y27.3%
- YTD13.5%
Over the last 7 days, the Food industry has dropped 4.4%, driven by declines in Wilmar International and First Resources of 3.6% and 14%, respectively. On the other hand JB Foods is actually up 7.7%. In the past year, the industry has gained 27%. As for the next few years, earnings are expected to grow by 9.8% per annum.
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, 28 May 2026 | S$39.6b | S$127.2b | S$3.4b | 12.2x | 11.5x | 0.3x |
| Sat, 25 Apr 2026 | S$43.6b | S$127.1b | S$3.5b | 13.4x | 12.6x | 0.3x |
| Mon, 23 Mar 2026 | S$42.1b | S$127.6b | S$3.5b | 13.1x | 12.1x | 0.3x |
| Wed, 18 Feb 2026 | S$39.0b | S$123.0b | S$3.0b | 13.3x | 12.9x | 0.3x |
| Fri, 16 Jan 2026 | S$35.4b | S$125.3b | S$3.1b | 11.8x | 11.5x | 0.3x |
| Sun, 14 Dec 2025 | S$34.8b | S$125.7b | S$3.1b | 11.8x | 11.3x | 0.3x |
| Tue, 11 Nov 2025 | S$36.3b | S$125.5b | S$3.0b | 11.8x | 12.2x | 0.3x |
| Thu, 09 Oct 2025 | S$33.5b | S$124.8b | S$3.0b | 10.6x | 11.3x | 0.3x |
| Sat, 06 Sep 2025 | S$33.1b | S$124.0b | S$2.9b | 9.4x | 11.3x | 0.3x |
| Mon, 04 Aug 2025 | S$31.5b | S$118.5b | S$3.0b | 11x | 10.7x | 0.3x |
| Wed, 02 Jul 2025 | S$30.3b | S$117.0b | S$2.9b | 10.4x | 10.4x | 0.3x |
| Fri, 30 May 2025 | S$32.2b | S$123.6b | S$3.1b | 10.1x | 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 |
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 11.5x which is higher than its 3-year average PE of 10.3x.
- 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 14% per year over the last three years,
- Revenues have also declined 3.4% 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 | -0.71% | |
| Consumer Staples | -3.46% | |
| Food | -4.66% | |
| Packaged Foods and Meats | 0.53% | |
| Agricultural Products | -5.68% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 10.0x.
- Analysts are expecting annual earnings growth of 9.2%, which is lower than the prior year's growth of 22.5% 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 19% over the next 5 years.
- This is better than its past earnings growth rate of 7.6% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| BEW JB Foods | S$0.70 | 7.7% +S$17.3m | 52.2% | PE1.5x | |
| F03 Food Empire Holdings | S$3.04 | 1.0% +S$16.5m | 71.8% | PE36.4x | |
| Y03 Yeo Hiap Seng | S$0.61 | 2.5% +S$9.4m | 9.9% | PE18.1x | |
| 42W Zixin Group Holdings | S$0.034 | 9.7% +S$6.0m | 0% | PE7.1x | |
| 5ML Old Chang Kee | S$1.18 | 2.6% +S$3.6m | 23.6% | PE14.1x |