Analysis Article • Apr 22
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Singaporean (SGX) Food Industry Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies23
- 7D-4.4%
- 3M-0.1%
- 1Y27.2%
- YTD13.5%
Over the last 7 days, the Food industry has dropped 4.4%, driven by pullbacks in Wilmar International and First Resources of 3.6% and 14%, respectively. In contrast, JB Foods has gained 7.7%. This takes the industry's 12 month performance to a gain of 27%. Earnings are forecast to grow by 9.8% 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 |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | S$39.6b | S$127.2b | S$3.4b | 12.2x | 11.5x | 0.3x |
| Fri, 24 Apr 2026 | S$44.1b | S$127.1b | S$3.5b | 13.5x | 12.8x | 0.3x |
| Sun, 22 Mar 2026 | S$42.1b | S$127.6b | S$3.5b | 13.1x | 12.1x | 0.3x |
| Tue, 17 Feb 2026 | S$39.0b | S$122.8b | S$3.0b | 13.3x | 13x | 0.3x |
| Thu, 15 Jan 2026 | S$35.9b | S$125.3b | S$3.1b | 12.1x | 11.6x | 0.3x |
| Sat, 13 Dec 2025 | S$34.8b | S$125.7b | S$3.1b | 11.8x | 11.3x | 0.3x |
| Mon, 10 Nov 2025 | S$36.0b | S$125.3b | S$3.0b | 11.6x | 12.1x | 0.3x |
| Wed, 08 Oct 2025 | S$33.0b | S$124.5b | S$2.9b | 9.9x | 11.2x | 0.3x |
| Fri, 05 Sep 2025 | S$32.9b | S$124.2b | S$2.9b | 9.3x | 11.2x | 0.3x |
| Sun, 03 Aug 2025 | S$31.5b | S$118.5b | S$3.0b | 11x | 10.7x | 0.3x |
| Tue, 01 Jul 2025 | S$30.3b | S$117.0b | S$2.9b | 10.4x | 10.4x | 0.3x |
| Thu, 29 May 2025 | S$32.2b | S$123.5b | S$3.1b | 10.2x | 10.4x | 0.3x |
| Sat, 26 Apr 2025 | S$32.8b | S$125.5b | S$3.2b | 9.2x | 10.3x | 0.3x |
| Mon, 24 Mar 2025 | S$34.5b | S$127.5b | S$3.2b | 8.9x | 10.7x | 0.3x |
| Wed, 19 Feb 2025 | S$33.5b | S$123.4b | S$3.3b | 9.4x | 10x | 0.3x |
| Fri, 17 Jan 2025 | S$32.0b | S$125.9b | S$3.4b | 8.9x | 9.5x | 0.3x |
| Sun, 15 Dec 2024 | S$32.5b | S$124.3b | S$3.3b | 8.9x | 9.7x | 0.3x |
| Tue, 12 Nov 2024 | S$32.9b | S$122.4b | S$3.2b | 9.3x | 10.2x | 0.3x |
| Thu, 10 Oct 2024 | S$34.0b | S$119.9b | S$3.2b | 9.8x | 10.7x | 0.3x |
| Sat, 07 Sep 2024 | S$32.3b | S$122.4b | S$3.0b | 9.6x | 10.9x | 0.3x |
| Mon, 05 Aug 2024 | S$32.6b | S$126.9b | S$3.0b | 10.7x | 11x | 0.3x |
| Wed, 03 Jul 2024 | S$31.6b | S$129.9b | S$3.0b | 10.5x | 10.7x | 0.2x |
| Fri, 31 May 2024 | S$32.0b | S$129.0b | S$3.0b | 11.1x | 10.6x | 0.2x |
| Sun, 28 Apr 2024 | S$34.4b | S$130.0b | S$3.0b | 10.6x | 11.3x | 0.3x |
| Tue, 26 Mar 2024 | S$33.7b | S$128.5b | S$3.0b | 10.4x | 11.2x | 0.3x |
| Thu, 22 Feb 2024 | S$33.1b | S$133.5b | S$3.8b | 9.3x | 8.6x | 0.2x |
| Sat, 20 Jan 2024 | S$33.7b | S$133.3b | S$3.8b | 9.2x | 8.8x | 0.3x |
| Mon, 18 Dec 2023 | S$34.0b | S$132.5b | S$3.8b | 9.3x | 9x | 0.3x |
| Wed, 15 Nov 2023 | S$35.2b | S$136.1b | S$4.2b | 9.2x | 8.3x | 0.3x |
| Fri, 13 Oct 2023 | S$35.8b | S$136.1b | S$4.2b | 9.4x | 8.6x | 0.3x |
| Sun, 10 Sep 2023 | S$35.3b | S$136.6b | S$4.2b | 9.3x | 8.4x | 0.3x |
| Tue, 08 Aug 2023 | S$36.8b | S$140.4b | S$5.3b | 8.7x | 7x | 0.3x |
| Thu, 06 Jul 2023 | S$35.6b | S$141.5b | S$5.3b | 8.9x | 6.7x | 0.3x |
| Sat, 03 Jun 2023 | S$37.2b | S$141.2b | 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 | -1.15% | |
| Consumer Staples | -3.37% | |
| Food | -4.44% | |
| Packaged Foods and Meats | -0.24% | |
| Agricultural Products | -5.29% | |
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 | |
| MV4 Mewah International | S$0.29 | 1.7% +S$7.5m | 13.5% | PE6.5x | |
| 42W Zixin Group Holdings | S$0.034 | 9.7% +S$6.0m | 0% | PE7.1x |