Analysis Article • Jul 02
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Singaporean (SGX) Food Industry Analysis
UpdatedJul 09, 2026
DataAggregated Company Financials
Companies23
- 7D3.8%
- 3M-3.4%
- 1Y35.1%
- YTD20.5%
Over the last 7 days, the Food industry has risen 3.8%, driven by gains from Wilmar International of 4.4%. This means that the industry has gained 35% over the past year. Looking forward, earnings are forecast to grow by 9.6% 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 |
|---|---|---|---|---|---|---|
| Thu, 09 Jul 2026 | S$42.0b | S$128.5b | S$3.4b | 12.7x | 12.3x | 0.3x |
| Sat, 06 Jun 2026 | S$38.5b | S$127.5b | S$3.4b | 11.8x | 11.4x | 0.3x |
| Mon, 04 May 2026 | S$42.9b | S$126.4b | S$3.4b | 12.5x | 12.5x | 0.3x |
| Wed, 01 Apr 2026 | S$42.7b | S$128.5b | S$3.5b | 13.2x | 12.2x | 0.3x |
| Fri, 27 Feb 2026 | S$38.5b | S$123.0b | S$3.1b | 12.6x | 12.6x | 0.3x |
| Sun, 25 Jan 2026 | S$36.3b | S$123.8b | S$3.0b | 12.4x | 11.9x | 0.3x |
| Tue, 23 Dec 2025 | S$34.9b | S$125.5b | S$3.1b | 11.8x | 11.3x | 0.3x |
| Thu, 20 Nov 2025 | S$36.9b | S$126.8b | S$3.1b | 12.9x | 11.8x | 0.3x |
| Sat, 18 Oct 2025 | S$33.0b | S$124.7b | S$3.0b | 10.6x | 11.2x | 0.3x |
| Mon, 15 Sep 2025 | S$33.6b | S$123.6b | S$2.9b | 9.3x | 11.5x | 0.3x |
| Wed, 13 Aug 2025 | S$32.2b | S$118.2b | S$2.9b | 11.7x | 11x | 0.3x |
| Fri, 11 Jul 2025 | S$31.1b | S$117.4b | S$2.9b | 10.9x | 10.6x | 0.3x |
| Sun, 08 Jun 2025 | S$31.2b | S$118.3b | S$2.9b | 10.4x | 10.6x | 0.3x |
| Tue, 06 May 2025 | S$32.3b | S$123.2b | S$3.1b | 9.6x | 10.3x | 0.3x |
| Thu, 03 Apr 2025 | S$34.8b | S$128.2b | S$3.2b | 9.2x | 10.7x | 0.3x |
| Sat, 01 Mar 2025 | S$33.3b | S$127.3b | S$3.1b | 9x | 10.8x | 0.3x |
| Mon, 27 Jan 2025 | S$32.4b | S$124.0b | S$3.3b | 9.2x | 9.7x | 0.3x |
| Wed, 25 Dec 2024 | S$32.0b | S$125.2b | S$3.4b | 8.7x | 9.5x | 0.3x |
| Fri, 22 Nov 2024 | S$32.5b | S$123.8b | S$3.3b | 9.2x | 9.8x | 0.3x |
| Sun, 20 Oct 2024 | S$33.7b | S$120.5b | S$3.2b | 9.6x | 10.5x | 0.3x |
| Tue, 17 Sep 2024 | S$32.4b | S$119.2b | S$3.2b | 9.3x | 10.2x | 0.3x |
| Thu, 15 Aug 2024 | S$32.0b | S$124.2b | S$3.0b | 10.1x | 10.8x | 0.3x |
| Sat, 13 Jul 2024 | S$32.3b | S$128.4b | S$2.9b | 11x | 11x | 0.3x |
| Mon, 10 Jun 2024 | S$31.8b | S$129.2b | S$3.0b | 9.9x | 10.5x | 0.2x |
| Wed, 08 May 2024 | S$32.4b | S$129.3b | S$3.1b | 11.1x | 10.4x | 0.3x |
| Fri, 05 Apr 2024 | S$34.6b | S$128.6b | S$3.0b | 10.7x | 11.4x | 0.3x |
| Sun, 03 Mar 2024 | S$33.3b | S$128.4b | S$3.1b | 10.4x | 10.8x | 0.3x |
| Tue, 30 Jan 2024 | S$33.7b | S$133.3b | S$3.8b | 9.2x | 8.8x | 0.3x |
| Thu, 28 Dec 2023 | S$34.2b | S$131.5b | S$3.8b | 9.4x | 9.1x | 0.3x |
| Sat, 25 Nov 2023 | S$35.7b | S$133.3b | S$3.9b | 9.5x | 9.2x | 0.3x |
| Mon, 23 Oct 2023 | S$33.9b | S$137.1b | S$4.2b | 8.7x | 8.1x | 0.2x |
| Wed, 20 Sep 2023 | S$35.8b | S$136.3b | S$4.2b | 9.5x | 8.5x | 0.3x |
| Fri, 18 Aug 2023 | S$35.0b | S$135.7b | S$4.2b | 10.1x | 8.4x | 0.3x |
| Sun, 16 Jul 2023 | S$36.5b | S$138.4b | S$5.2b | 8.8x | 7x | 0.3x |
Price to Earnings Ratio
7x
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 12.3x which is higher than its 3-year average PE of 10.5x.
- 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 13% per year over the last three years,
- Revenues have also declined 2.4% 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 | 2.93% | |
| Consumer Staples | 2.77% | |
| Food | 3.82% | |
| Agricultural Products | 4.26% | |
| Packaged Foods and Meats | 1.56% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 10.2x.
- Analysts are expecting annual earnings growth of 9.0%, 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 close to 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 18% 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 9.0% 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 | |
|---|---|---|---|---|---|
| F34 Wilmar International | S$3.81 | 3.0% +S$686.7m | 28.3% | PE13x | |
| F03 Food Empire Holdings | S$2.54 | 4.1% +S$66.0m | 58.8% | PE36.1x | |
| 579 Oceanus Group | S$0.003 | 50.0% +S$25.9m | -40.0% | PS0.3x | |
| BNE Kencana Agri | S$0.46 | 7.0% +S$8.6m | 576.5% | PE5.5x | |
| 5JS Indofood Agri Resources | S$0.36 | 1.4% +S$7.0m | 16.1% | PE5.5x |