Analysis Article • Jun 04
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Singaporean (SGX) Food Industry Analysis
UpdatedJun 14, 2026
DataAggregated Company Financials
Companies23
- 7D3.5%
- 3M-3.7%
- 1Y27.9%
- YTD14.3%
The Food industry is up 3.5% in the last week, with Wilmar International up 4.1%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 9.7% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 14 Jun 2026 | S$39.9b | S$127.5b | S$3.4b | 12.3x | 11.8x | 0.3x |
| Tue, 12 May 2026 | S$43.0b | S$126.3b | S$3.4b | 12.8x | 12.5x | 0.3x |
| Thu, 09 Apr 2026 | S$44.1b | S$126.9b | S$3.5b | 13.8x | 12.8x | 0.3x |
| Sat, 07 Mar 2026 | S$39.2b | S$127.2b | S$3.5b | 12x | 11.3x | 0.3x |
| Mon, 02 Feb 2026 | S$37.6b | S$123.8b | S$3.0b | 13.1x | 12.4x | 0.3x |
| Wed, 31 Dec 2025 | S$35.0b | S$124.8b | S$3.1b | 12x | 11.4x | 0.3x |
| Fri, 28 Nov 2025 | S$36.0b | S$126.2b | S$3.1b | 12.2x | 11.6x | 0.3x |
| Sun, 26 Oct 2025 | S$34.0b | S$125.1b | S$3.0b | 11.6x | 11.5x | 0.3x |
| Tue, 23 Sep 2025 | S$33.1b | S$123.6b | S$2.9b | 9.3x | 11.3x | 0.3x |
| Thu, 21 Aug 2025 | S$32.1b | S$123.9b | S$2.9b | 11.4x | 11x | 0.3x |
| Sat, 19 Jul 2025 | S$32.2b | S$117.8b | S$2.9b | 11.7x | 11x | 0.3x |
| Mon, 16 Jun 2025 | S$31.0b | S$117.6b | S$2.9b | 9.9x | 10.6x | 0.3x |
| Wed, 14 May 2025 | S$32.2b | S$124.7b | S$3.1b | 10x | 10.3x | 0.3x |
| Fri, 11 Apr 2025 | S$32.5b | S$127.5b | S$3.2b | 8.9x | 10.1x | 0.3x |
| Sun, 09 Mar 2025 | S$34.1b | S$127.0b | S$3.2b | 8.5x | 10.6x | 0.3x |
| Tue, 04 Feb 2025 | S$32.7b | S$125.5b | S$3.4b | 9.2x | 9.7x | 0.3x |
| Thu, 02 Jan 2025 | S$32.7b | S$125.8b | S$3.4b | 8.8x | 9.7x | 0.3x |
| Sat, 30 Nov 2024 | S$32.5b | S$123.5b | S$3.3b | 9.2x | 9.8x | 0.3x |
| Mon, 28 Oct 2024 | S$33.8b | S$121.5b | S$3.2b | 9.8x | 10.5x | 0.3x |
| Wed, 25 Sep 2024 | S$32.7b | S$118.6b | S$3.2b | 9.8x | 10.4x | 0.3x |
| Fri, 23 Aug 2024 | S$32.4b | S$123.2b | S$3.0b | 9.7x | 10.8x | 0.3x |
| Sun, 21 Jul 2024 | S$32.3b | S$128.7b | S$2.9b | 11.7x | 11x | 0.3x |
| Tue, 18 Jun 2024 | S$31.7b | S$129.3b | S$3.0b | 10.7x | 10.5x | 0.2x |
| Thu, 16 May 2024 | S$32.3b | S$129.0b | S$3.1b | 11x | 10.4x | 0.3x |
| Sat, 13 Apr 2024 | S$34.9b | S$129.8b | S$3.0b | 10.5x | 11.4x | 0.3x |
| Mon, 11 Mar 2024 | S$33.5b | S$127.3b | S$3.0b | 10.4x | 11x | 0.3x |
| Wed, 07 Feb 2024 | S$33.2b | S$133.7b | S$3.8b | 9x | 8.7x | 0.2x |
| Fri, 05 Jan 2024 | S$34.5b | S$132.1b | S$3.8b | 9.4x | 9.1x | 0.3x |
| Sun, 03 Dec 2023 | S$35.1b | S$132.7b | S$3.9b | 9.4x | 9x | 0.3x |
| Tue, 31 Oct 2023 | S$34.7b | S$136.5b | S$4.2b | 9x | 8.3x | 0.3x |
| Thu, 28 Sep 2023 | S$36.0b | S$137.0b | S$4.2b | 9.4x | 8.6x | 0.3x |
| Sat, 26 Aug 2023 | S$34.8b | S$135.4b | S$4.1b | 10.1x | 8.4x | 0.3x |
| Mon, 24 Jul 2023 | S$36.1b | S$139.3b | S$5.3b | 8.8x | 6.9x | 0.3x |
| Wed, 21 Jun 2023 | S$37.9b | S$140.5b | S$5.3b | 10x | 7.2x | 0.3x |
Price to Earnings Ratio
7.2x
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 11.8x 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 3.2% 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 | -0.34% | |
| Consumer Staples | 2.38% | |
| Food | 3.49% | |
| Agricultural Products | 4.36% | |
| Packaged Foods and Meats | -0.62% | |
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 18.5%, which is higher than its past year's earnings growth of 7.6% 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 10.1x.
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 9.2% 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 | |
|---|---|---|---|---|---|
| F34 Wilmar International | S$3.57 | 4.1% +S$874.0m | 18.6% | PE12.3x | |
| EB5 First Resources | S$2.83 | 8.4% +S$340.6m | 97.9% | PE9.6x | |
| P8Z Bumitama Agri | S$1.67 | 11.3% +S$294.8m | 115.5% | PE14.4x | |
| 579 Oceanus Group | S$0.003 | 50.0% +S$25.9m | -40.0% | PS0.3x | |
| MV4 Mewah International | S$0.30 | 3.4% +S$15.0m | 19.6% | PE6.7x |