Analysis Article • Apr 22
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Singaporean (SGX) Food Industry Analysis
UpdatedMay 31, 2026
DataAggregated Company Financials
Companies23
- 7D-0.9%
- 3M2.6%
- 1Y27.9%
- YTD14.3%
Over the last 7 days, the Food industry has remained flat, although notably First Resources declined by 6.4%. As for the the longer term, the industry is up 28% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 31 May 2026 | S$39.8b | S$126.8b | S$3.4b | 12.4x | 11.9x | 0.3x |
| Tue, 28 Apr 2026 | S$43.5b | S$126.4b | S$3.4b | 13.5x | 12.6x | 0.3x |
| Thu, 26 Mar 2026 | S$40.6b | S$127.3b | S$3.5b | 12.4x | 11.7x | 0.3x |
| Sat, 21 Feb 2026 | S$39.5b | S$123.4b | S$3.0b | 13.3x | 13.1x | 0.3x |
| Mon, 19 Jan 2026 | S$35.5b | S$125.4b | S$3.1b | 11.9x | 11.5x | 0.3x |
| Wed, 17 Dec 2025 | S$34.6b | S$125.5b | S$3.1b | 11.8x | 11.2x | 0.3x |
| Fri, 14 Nov 2025 | S$37.0b | S$125.3b | S$3.0b | 12.2x | 12.5x | 0.3x |
| Sun, 12 Oct 2025 | S$33.6b | S$125.0b | S$3.0b | 10.4x | 11.3x | 0.3x |
| Tue, 09 Sep 2025 | S$33.2b | S$123.8b | S$2.9b | 9.4x | 11.3x | 0.3x |
| Thu, 07 Aug 2025 | S$31.9b | S$118.2b | S$2.9b | 11.4x | 10.8x | 0.3x |
| Sat, 05 Jul 2025 | S$30.8b | S$116.9b | S$2.9b | 10.6x | 10.5x | 0.3x |
| Mon, 02 Jun 2025 | S$32.2b | S$123.6b | S$3.1b | 10.1x | 10.4x | 0.3x |
| Wed, 30 Apr 2025 | S$32.1b | S$125.1b | S$3.2b | 9.4x | 10.2x | 0.3x |
| Fri, 28 Mar 2025 | S$34.7b | S$127.8b | S$3.2b | 8.8x | 10.8x | 0.3x |
| Sun, 23 Feb 2025 | S$32.2b | S$122.9b | S$3.3b | 9.2x | 9.7x | 0.3x |
| Tue, 21 Jan 2025 | S$32.2b | S$125.6b | S$3.4b | 9x | 9.6x | 0.3x |
| Thu, 19 Dec 2024 | S$32.2b | S$124.5b | S$3.3b | 8.6x | 9.6x | 0.3x |
| Sat, 16 Nov 2024 | S$32.6b | S$123.1b | S$3.3b | 9.1x | 10x | 0.3x |
| Mon, 14 Oct 2024 | S$33.9b | S$120.0b | S$3.2b | 9.7x | 10.7x | 0.3x |
| Wed, 11 Sep 2024 | S$32.1b | S$122.9b | S$3.0b | 9.5x | 10.8x | 0.3x |
| Fri, 09 Aug 2024 | S$31.7b | S$126.8b | S$3.0b | 10.3x | 10.7x | 0.3x |
| Sun, 07 Jul 2024 | S$32.0b | S$128.9b | S$2.9b | 10.7x | 10.9x | 0.2x |
| Tue, 04 Jun 2024 | S$31.8b | S$129.1b | S$3.0b | 11.1x | 10.5x | 0.2x |
| Thu, 02 May 2024 | S$32.9b | S$130.4b | S$3.1b | 10.8x | 10.5x | 0.3x |
| Sat, 30 Mar 2024 | S$34.0b | S$128.8b | S$3.0b | 10.5x | 11.3x | 0.3x |
| Mon, 26 Feb 2024 | S$33.9b | S$129.9b | S$3.5b | 9.6x | 9.7x | 0.3x |
| Wed, 24 Jan 2024 | S$32.9b | S$133.3b | S$3.8b | 9x | 8.6x | 0.2x |
| Fri, 22 Dec 2023 | S$33.9b | S$132.1b | S$3.8b | 9.3x | 8.9x | 0.3x |
| Sun, 19 Nov 2023 | S$35.6b | S$133.6b | S$3.9b | 9.5x | 9.1x | 0.3x |
| Tue, 17 Oct 2023 | S$35.1b | S$136.8b | S$4.2b | 9.1x | 8.4x | 0.3x |
| Thu, 14 Sep 2023 | S$35.8b | S$136.0b | S$4.2b | 9.5x | 8.6x | 0.3x |
| Sat, 12 Aug 2023 | S$36.6b | S$141.4b | S$5.3b | 8.7x | 6.9x | 0.3x |
| Mon, 10 Jul 2023 | S$35.5b | S$140.9b | S$5.3b | 8.9x | 6.7x | 0.3x |
| Wed, 07 Jun 2023 | S$37.4b | S$141.2b | S$5.4b | 8.5x | 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 11.9x 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 3.5% 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 | -0.61% | |
| Consumer Staples | -1.18% | |
| Food | -0.87% | |
| Packaged Foods and Meats | 1.57% | |
| Agricultural Products | -1.37% | |
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 18.9%, 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 10.0x.
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 9.2% 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 | |
|---|---|---|---|---|---|
| F03 Food Empire Holdings | S$3.10 | 3.0% +S$49.6m | 78.2% | PE37.2x | |
| F99 Fraser and Neave | S$1.44 | 1.4% +S$29.1m | 15.2% | PE15x | |
| BEW JB Foods | S$0.75 | 10.3% +S$24.3m | 64.8% | PE2.5x | |
| MV4 Mewah International | S$0.30 | 1.7% +S$7.5m | 13.2% | PE6.6x | |
| Y03 Yeo Hiap Seng | S$0.61 | 1.7% +S$6.3m | 8.0% | PE18.1x |