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Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Has the Singaporean Food and Staples Retail Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||S$12.8b||S$52.9b||S$564.6m||20.9x|
|Mon, 01 Nov 2021||S$13.4b||S$52.9b||S$551.5m||21.6x|
|Wed, 29 Sep 2021||S$13.3b||S$52.8b||S$549.1m||22.7x|
|Fri, 27 Aug 2021||S$12.9b||S$52.9b||S$549.9m||22.2x|
|Sat, 03 Jul 2021||S$13.4b||S$52.9b||S$549.9m||18.9x|
|Tue, 06 Apr 2021||S$13.8b||S$50.4b||S$565.9m||25.1x|
|Fri, 08 Jan 2021||S$13.0b||S$47.9b||S$564.4m||20.8x|
|Thu, 01 Oct 2020||S$11.7b||S$47.4b||S$651.4m||19.2x|
|Sun, 05 Jul 2020||S$13.4b||S$46.4b||S$703.3m||22x|
|Wed, 08 Apr 2020||S$12.7b||S$46.5b||S$614.4m||21x|
|Tue, 31 Dec 2019||S$15.5b||S$45.5b||S$645.7m||23.9x|
|Fri, 04 Oct 2019||S$16.1b||S$45.4b||S$534.0m||22x|
|Mon, 08 Jul 2019||S$17.8b||S$45.6b||S$413.1m||23.5x|
|Sun, 31 Mar 2019||S$19.4b||S$44.5b||S$446.0m||20.8x|
|Wed, 02 Jan 2019||S$19.3b||S$43.5b||S$437.8m||20.2x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 21.8x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Consumer Retailing industry have declined 9.9% per year over the last three years, while revenues for these companies have grown 7.8% 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.
Which industries have driven the changes within the Singaporean Food and Staples Retail industry?
Industry PE: Investors are most optimistic about the Food Retail industry even though it's trading below its 3-year average PE ratio of 26.5x. This is likely because analysts are expecting annual earnings growth of 17%, which is higher than its past year's earnings decline of 14% per year. Meanwhile, investors are most pessimistic about the Food Distributors industry, which is trading below its 3-year average of 43.9x.
Forecasted Growth: Analysts are most optimistic on the Food Retail industry, expecting annual earnings growth of 17% over the next 5 years. This is better than its past earnings decline of 14% per year.
Envictus International Holdings
Sheng Siong Group