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Singaporean (SGX) Food Industry Analysis

UpdatedAug 10, 2025
DataAggregated Company Financials
Companies22
  • 7D1.1%
  • 3M2.8%
  • 1Y2.9%
  • YTD1.0%

The Food industry is up 1.1% in the last week, with Wilmar International up 1.0%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 Aug 2025S$31.9bS$118.2bS$2.9b11.4x10.9x0.3x
Tue, 08 Jul 2025S$30.9bS$117.4bS$2.9b10.3x10.5x0.3x
Thu, 05 Jun 2025S$32.4bS$124.3bS$3.1b10.1x10.5x0.3x
Sat, 03 May 2025S$32.3bS$123.9bS$3.1b9.5x10.3x0.3x
Mon, 31 Mar 2025S$35.1bS$128.0bS$3.2b8.9x10.9x0.3x
Wed, 26 Feb 2025S$32.5bS$125.6bS$2.8b9.4x11.6x0.3x
Fri, 24 Jan 2025S$32.3bS$125.0bS$3.4b9.1x9.6x0.3x
Sun, 22 Dec 2024S$31.7bS$124.8bS$3.4b8.7x9.5x0.3x
Tue, 19 Nov 2024S$32.8bS$123.4bS$3.3b9.1x10x0.3x
Thu, 17 Oct 2024S$33.6bS$120.4bS$3.2b9.6x10.5x0.3x
Sat, 14 Sep 2024S$32.2bS$119.5bS$3.2b9.2x10.1x0.3x
Mon, 12 Aug 2024S$31.7bS$126.7bS$3.0b10x10.6x0.3x
Wed, 10 Jul 2024S$32.0bS$129.1bS$2.9b10.6x10.9x0.2x
Fri, 07 Jun 2024S$31.9bS$128.8bS$3.0b10.9x10.5x0.2x
Sun, 05 May 2024S$32.9bS$129.0bS$3.1b10.9x10.6x0.3x
Tue, 02 Apr 2024S$34.1bS$128.8bS$3.0b10.5x11.3x0.3x
Thu, 29 Feb 2024S$33.5bS$129.8bS$3.3b10.2x10x0.3x
Sat, 27 Jan 2024S$33.8bS$133.1bS$3.8b9.2x8.9x0.3x
Mon, 25 Dec 2023S$34.2bS$131.7bS$3.8b9.4x9x0.3x
Wed, 22 Nov 2023S$35.5bS$133.0bS$3.9b9.6x9.1x0.3x
Fri, 20 Oct 2023S$34.4bS$137.1bS$4.2b8.9x8.2x0.3x
Sun, 17 Sep 2023S$36.3bS$136.3bS$4.2b9.6x8.7x0.3x
Tue, 15 Aug 2023S$35.5bS$136.1bS$4.1b9.5x8.6x0.3x
Thu, 13 Jul 2023S$36.1bS$140.1bS$5.3b8.8x6.8x0.3x
Sat, 10 Jun 2023S$37.7bS$140.7bS$5.3b8.5x7x0.3x
Mon, 08 May 2023S$37.3bS$139.1bS$5.4b9.6x6.9x0.3x
Wed, 05 Apr 2023S$40.2bS$139.2bS$5.5b9.5x7.4x0.3x
Fri, 03 Mar 2023S$38.3bS$141.3bS$5.6b7.9x6.9x0.3x
Sun, 29 Jan 2023S$38.8bS$136.3bS$5.4b8.2x7.1x0.3x
Tue, 27 Dec 2022S$39.7bS$139.8bS$5.6b7.3x7.1x0.3x
Thu, 24 Nov 2022S$39.5bS$142.8bS$5.7b7.3x7x0.3x
Sat, 22 Oct 2022S$35.3bS$146.0bS$5.6b6.3x6.3x0.2x
Mon, 19 Sep 2022S$39.1bS$144.9bS$5.5b6.8x7.1x0.3x
Wed, 17 Aug 2022S$40.1bS$134.6bS$5.4b6.5x7.5x0.3x
Price to Earnings Ratio

7.5x


Total Market Cap: S$40.1bTotal Earnings: S$5.4bTotal Revenue: S$134.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Food Industry Price to Earnings3Y Average 9x202320242025
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 10.9x which is higher than its 3-year average PE of 9.0x.
  • 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 4.3% 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 Market1.84%
Consumer Staples1.41%
Food1.06%
Agricultural Products1.14%
Packaged Foods and Meats0.73%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 7.1%, which is higher than its past year's earnings decline of 4.4% 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 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 7.1% 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
F34 Wilmar InternationalS$2.961.0%
+S$187.3m		-3.6%PE12.3x
E5H Golden Agri-ResourcesS$0.262.0%
+S$63.4m		-1.9%PE7x
F03 Food Empire HoldingsS$2.403.4%
+S$42.3m		146.2%PE18.8x
EB5 First ResourcesS$1.551.3%
+S$31.0m		12.3%PE7.6x
579 Oceanus GroupS$0.00620.0%
+S$25.8m		-33.3%PE63.2x

Latest News

BNE
S$0.089
Kencana Agri
7D
-1.1%
1Y
27.1%

Investors Still Aren't Entirely Convinced By Kencana Agri Limited's (SGX:BNE) Revenues Despite 31% Price Jump

Aug 08
Investors Still Aren't Entirely Convinced By Kencana Agri Limited's (SGX:BNE) Revenues Despite 31% Price Jump
579
S$0.006
Oceanus Group
7D
20.0%
1Y
-33.3%

Oceanus Group Limited (SGX:579) Soars 50% But It's A Story Of Risk Vs Reward

Aug 08
Oceanus Group Limited (SGX:579) Soars 50% But It's A Story Of Risk Vs Reward
Y03
S$0.60
Yeo Hiap Seng
7D
-0.8%
1Y
16.3%
D03
S$0.081
Del Monte Pacific
7D
-5.8%
1Y
-2.4%
F99
S$1.39
Fraser and Neave
7D
-2.1%
1Y
14.9%
5JS
S$0.34
Indofood Agri Resources
7D
-1.4%
1Y
21.1%
P8Z
S$0.82
Bumitama Agri
7D
0.6%
1Y
14.7%
E5H
S$0.26
Golden Agri-Resources
7D
2.0%
1Y
-1.9%
P34
S$0.86
Delfi
7D
4.2%
1Y
2.4%
F03
S$2.40
Food Empire Holdings
7D
3.4%
1Y
146.2%

Earnings Not Telling The Story For Food Empire Holdings Limited (SGX:F03) After Shares Rise 27%

Jul 18
Earnings Not Telling The Story For Food Empire Holdings Limited (SGX:F03) After Shares Rise 27%
BEW
S$0.46
JB Foods
7D
-6.2%
1Y
-7.1%
EB5
S$1.55
First Resources
7D
1.3%
1Y
12.3%
F34
S$2.96
Wilmar International
7D
1.0%
1Y
-3.6%

Wilmar International (SGX:F34) Has Some Way To Go To Become A Multi-Bagger

Jul 08
Wilmar International (SGX:F34) Has Some Way To Go To Become A Multi-Bagger
MV4
S$0.28
Mewah International
7D
3.8%
1Y
1.9%