Analysis Article • Apr 22
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Singaporean (SGX) Food Industry Analysis
UpdatedJun 10, 2026
DataAggregated Company Financials
Companies23
- 7D-2.7%
- 3M-6.6%
- 1Y21.1%
- YTD9.1%
Over the last 7 days, the Food industry has dropped 5.2%, driven by Wilmar International declining 1.5%. Meanwhile, Oceanus Group actually outperformed within the industry, gaining 50% in the last week. Over the past 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 9.9% 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, 10 Jun 2026 | S$38.1b | S$128.0b | S$3.4b | 11.6x | 11.2x | 0.3x |
| Fri, 08 May 2026 | S$44.5b | S$126.0b | S$3.4b | 13.1x | 13x | 0.4x |
| Sun, 05 Apr 2026 | S$42.6b | S$128.1b | S$3.5b | 13.2x | 12.2x | 0.3x |
| Tue, 03 Mar 2026 | S$38.8b | S$125.0b | S$3.3b | 11.8x | 11.8x | 0.3x |
| Thu, 29 Jan 2026 | S$38.0b | S$122.8b | S$3.0b | 13x | 12.6x | 0.3x |
| Sat, 27 Dec 2025 | S$35.0b | S$124.9b | S$3.1b | 12x | 11.4x | 0.3x |
| Mon, 24 Nov 2025 | S$36.4b | S$127.1b | S$3.1b | 12.7x | 11.7x | 0.3x |
| Wed, 22 Oct 2025 | S$33.2b | S$125.0b | S$3.0b | 10.9x | 11.2x | 0.3x |
| Fri, 19 Sep 2025 | S$33.1b | S$123.2b | S$2.9b | 9.3x | 11.3x | 0.3x |
| Sun, 17 Aug 2025 | S$32.2b | S$123.7b | S$2.9b | 11.5x | 11x | 0.3x |
| Tue, 15 Jul 2025 | S$31.0b | S$117.5b | S$2.9b | 10.9x | 10.6x | 0.3x |
| Thu, 12 Jun 2025 | S$31.2b | S$118.0b | S$2.9b | 10.4x | 10.6x | 0.3x |
| Sat, 10 May 2025 | S$32.1b | S$124.0b | S$3.1b | 10.1x | 10.2x | 0.3x |
| Mon, 07 Apr 2025 | S$34.0b | S$128.5b | S$3.2b | 9.4x | 10.5x | 0.3x |
| Wed, 05 Mar 2025 | S$33.7b | S$128.1b | S$3.2b | 8.4x | 10.4x | 0.3x |
| Fri, 31 Jan 2025 | S$32.1b | S$124.0b | S$3.3b | 9.1x | 9.6x | 0.3x |
| Sun, 29 Dec 2024 | S$32.4b | S$125.1b | S$3.4b | 8.9x | 9.6x | 0.3x |
| Tue, 26 Nov 2024 | S$32.6b | S$124.2b | S$3.3b | 9.1x | 9.8x | 0.3x |
| Thu, 24 Oct 2024 | S$33.8b | S$121.4b | S$3.2b | 9.7x | 10.5x | 0.3x |
| Sat, 21 Sep 2024 | S$32.5b | S$119.0b | S$3.2b | 9.8x | 10.3x | 0.3x |
| Mon, 19 Aug 2024 | S$32.2b | S$123.9b | S$3.0b | 9.4x | 10.7x | 0.3x |
| Wed, 17 Jul 2024 | S$32.2b | S$128.5b | S$2.9b | 11.1x | 11x | 0.3x |
| Fri, 14 Jun 2024 | S$31.7b | S$129.0b | S$3.0b | 10.6x | 10.5x | 0.2x |
| Sun, 12 May 2024 | S$32.4b | S$129.4b | S$3.1b | 10.9x | 10.4x | 0.3x |
| Tue, 09 Apr 2024 | S$34.4b | S$128.8b | S$3.0b | 10.7x | 11.4x | 0.3x |
| Thu, 07 Mar 2024 | S$33.3b | S$128.1b | S$3.1b | 10.3x | 10.9x | 0.3x |
| Sat, 03 Feb 2024 | S$33.5b | S$132.7b | S$3.8b | 9.3x | 8.8x | 0.3x |
| Mon, 01 Jan 2024 | S$34.8b | S$131.3b | S$3.8b | 9.5x | 9.2x | 0.3x |
| Wed, 29 Nov 2023 | S$35.2b | S$132.9b | S$3.9b | 9.5x | 9.1x | 0.3x |
| Fri, 27 Oct 2023 | S$34.1b | S$137.0b | S$4.2b | 8.8x | 8.1x | 0.2x |
| Sun, 24 Sep 2023 | S$35.7b | S$136.5b | S$4.2b | 9.4x | 8.5x | 0.3x |
| Tue, 22 Aug 2023 | S$35.1b | S$135.6b | S$4.1b | 10.1x | 8.5x | 0.3x |
| Thu, 20 Jul 2023 | S$36.6b | S$138.9b | S$5.2b | 8.8x | 7x | 0.3x |
| Sat, 17 Jun 2023 | S$38.5b | S$139.9b | S$5.3b | 8.8x | 7.2x | 0.3x |
Price to Earnings Ratio
7.2x
Current Industry PE
- Investors are relatively neutral on the Singaporean Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio 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 3.0% 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 | -1.80% | |
| Consumer Staples | -1.99% | |
| Food | -2.73% | |
| Agricultural Products | -2.58% | |
| Packaged Foods and Meats | -3.45% | |
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 12.7x.
- Analysts are expecting annual earnings growth of 18.6%, which is higher than its past year's earnings growth of 7.6% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 10.0x.
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 9.3% 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 | |
|---|---|---|---|---|---|
| 579 Oceanus Group | S$0.003 | 50.0% +S$25.9m | -25.0% | PS0.3x | |
| MV4 Mewah International | S$0.30 | 1.7% +S$7.5m | 15.1% | PE6.6x | |
| LGH Leong Guan Holdings | S$0.23 | 2.3% +S$506.1k | n/a | PE45.8x | |
| BKV China Shenshan Orchard Holdings | S$0.042 | 7.7% +S$239.5k | -30.0% | PS17.4x |