Analysis Article • Jun 04
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Singaporean (SGX) Food Industry Analysis
UpdatedJun 11, 2026
DataAggregated Company Financials
Companies23
- 7D-0.7%
- 3M-5.2%
- 1Y24.4%
- YTD11.9%
The Food is pretty flat in the last 7 days, but First Resources has stood out, gaining 9.5%. As for the the longer term, the industry is up 24% over the past 12 months. Earnings are forecast to grow by 9.8% 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, 11 Jun 2026 | S$39.0b | S$127.9b | S$3.4b | 12x | 11.5x | 0.3x |
| Sat, 09 May 2026 | S$43.7b | S$126.1b | S$3.4b | 13x | 12.8x | 0.3x |
| Mon, 06 Apr 2026 | S$42.6b | S$128.1b | S$3.5b | 13.2x | 12.2x | 0.3x |
| Wed, 04 Mar 2026 | S$38.5b | S$127.3b | S$3.4b | 10.9x | 11.3x | 0.3x |
| Fri, 30 Jan 2026 | S$38.2b | S$123.2b | S$3.0b | 13.4x | 12.6x | 0.3x |
| Sun, 28 Dec 2025 | S$35.1b | S$124.9b | S$3.1b | 12x | 11.4x | 0.3x |
| Tue, 25 Nov 2025 | S$36.4b | S$126.9b | S$3.1b | 12.5x | 11.7x | 0.3x |
| Thu, 23 Oct 2025 | S$33.5b | S$125.2b | S$3.0b | 11.3x | 11.3x | 0.3x |
| Sat, 20 Sep 2025 | S$33.1b | S$123.7b | S$2.9b | 9.4x | 11.3x | 0.3x |
| Mon, 18 Aug 2025 | S$32.2b | S$123.7b | S$2.9b | 11.5x | 11x | 0.3x |
| Wed, 16 Jul 2025 | S$31.2b | S$117.6b | S$2.9b | 11.1x | 10.6x | 0.3x |
| Fri, 13 Jun 2025 | S$31.3b | S$117.4b | S$2.9b | 10.5x | 10.7x | 0.3x |
| Sun, 11 May 2025 | S$32.1b | S$124.0b | S$3.1b | 10.1x | 10.3x | 0.3x |
| Tue, 08 Apr 2025 | S$32.0b | S$128.5b | S$3.2b | 8.8x | 9.9x | 0.2x |
| Thu, 06 Mar 2025 | S$33.6b | S$127.7b | S$3.2b | 8.4x | 10.4x | 0.3x |
| Sat, 01 Feb 2025 | S$32.6b | S$124.7b | S$3.4b | 9.2x | 9.7x | 0.3x |
| Mon, 30 Dec 2024 | S$32.4b | S$125.1b | S$3.4b | 8.9x | 9.6x | 0.3x |
| Wed, 27 Nov 2024 | S$32.3b | S$124.1b | S$3.3b | 9.1x | 9.7x | 0.3x |
| Fri, 25 Oct 2024 | S$33.8b | S$121.3b | S$3.2b | 9.7x | 10.5x | 0.3x |
| Sun, 22 Sep 2024 | S$32.5b | S$118.8b | S$3.2b | 9.8x | 10.3x | 0.3x |
| Tue, 20 Aug 2024 | S$32.0b | S$123.5b | S$3.0b | 9.4x | 10.7x | 0.3x |
| Thu, 18 Jul 2024 | S$32.4b | S$128.2b | S$2.9b | 11.2x | 11.1x | 0.3x |
| Sat, 15 Jun 2024 | S$31.7b | S$129.3b | S$3.0b | 10.7x | 10.4x | 0.2x |
| Mon, 13 May 2024 | S$32.4b | S$129.4b | S$3.1b | 10.9x | 10.4x | 0.3x |
| Wed, 10 Apr 2024 | S$34.7b | S$128.5b | S$3.0b | 10.6x | 11.5x | 0.3x |
| Fri, 08 Mar 2024 | S$33.3b | S$127.6b | S$3.1b | 10.4x | 10.9x | 0.3x |
| Sun, 04 Feb 2024 | S$33.5b | S$133.5b | S$3.8b | 9.3x | 8.8x | 0.3x |
| Tue, 02 Jan 2024 | S$34.8b | S$131.3b | S$3.8b | 9.5x | 9.2x | 0.3x |
| Thu, 30 Nov 2023 | S$35.6b | S$132.5b | S$3.9b | 9.6x | 9.2x | 0.3x |
| Sat, 28 Oct 2023 | S$34.5b | S$136.9b | S$4.2b | 9x | 8.2x | 0.3x |
| Mon, 25 Sep 2023 | S$35.7b | S$136.5b | S$4.2b | 9.4x | 8.5x | 0.3x |
| Wed, 23 Aug 2023 | S$35.0b | S$135.4b | S$4.1b | 10.1x | 8.4x | 0.3x |
| Fri, 21 Jul 2023 | S$36.5b | S$138.5b | S$5.2b | 8.8x | 7x | 0.3x |
| Sun, 18 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 optimistic on the Singaporean Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.5x 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 2.9% 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 | -3.11% | |
| Consumer Staples | -0.75% | |
| Food | -0.75% | |
| Agricultural Products | -0.15% | |
| Packaged Foods and Meats | -3.53% | |
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, 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 | |
|---|---|---|---|---|---|
| EB5 First Resources | S$2.99 | 9.5% +S$402.5m | 107.6% | PE10.1x | |
| F34 Wilmar International | S$3.55 | 1.7% +S$374.6m | 16.8% | PE12.2x | |
| P8Z Bumitama Agri | S$1.70 | 6.3% +S$173.4m | 122.2% | PE14.7x | |
| MV4 Mewah International | S$0.30 | 1.7% +S$7.5m | 19.6% | PE6.6x | |
| BKV China Shenshan Orchard Holdings | S$0.047 | 20.5% +S$638.6k | -21.7% | PS19.4x |