Analysis Article • Jun 25
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Singaporean (SGX) Food Industry Analysis
UpdatedJul 01, 2026
DataAggregated Company Financials
Companies23
- 7D-2.3%
- 3M-5.2%
- 1Y32.6%
- YTD16.0%
Over the last 7 days, the Food industry has dropped 2.3%, driven by Wilmar International declining 1.9%. This takes the industry's 12 month performance to a gain of 33%. 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 |
|---|---|---|---|---|---|---|
| Wed, 01 Jul 2026 | S$40.5b | S$128.6b | S$3.4b | 12.3x | 11.9x | 0.3x |
| Fri, 29 May 2026 | S$38.3b | S$127.5b | S$3.4b | 11.7x | 11.2x | 0.3x |
| Sun, 26 Apr 2026 | S$43.6b | S$127.0b | S$3.4b | 13.5x | 12.7x | 0.3x |
| Tue, 24 Mar 2026 | S$40.9b | S$127.3b | S$3.5b | 12.8x | 11.8x | 0.3x |
| Thu, 19 Feb 2026 | S$39.0b | S$123.1b | S$3.0b | 13.3x | 12.9x | 0.3x |
| Sat, 17 Jan 2026 | S$35.5b | S$125.2b | S$3.1b | 11.9x | 11.5x | 0.3x |
| Mon, 15 Dec 2025 | S$34.8b | S$125.7b | S$3.1b | 11.8x | 11.3x | 0.3x |
| Wed, 12 Nov 2025 | S$36.6b | S$125.4b | S$3.0b | 11.8x | 12.3x | 0.3x |
| Fri, 10 Oct 2025 | S$33.7b | S$124.8b | S$3.0b | 10.3x | 11.4x | 0.3x |
| Sun, 07 Sep 2025 | S$33.2b | S$123.8b | S$2.9b | 9.4x | 11.3x | 0.3x |
| Tue, 05 Aug 2025 | S$31.7b | S$118.3b | S$2.9b | 11.2x | 10.7x | 0.3x |
| Thu, 03 Jul 2025 | S$30.6b | S$116.9b | S$2.9b | 10.5x | 10.5x | 0.3x |
| Sat, 31 May 2025 | S$32.2b | S$123.7b | S$3.1b | 10.1x | 10.4x | 0.3x |
| Mon, 28 Apr 2025 | S$32.8b | S$125.5b | S$3.2b | 9.2x | 10.3x | 0.3x |
| Wed, 26 Mar 2025 | S$34.7b | S$127.5b | S$3.2b | 9.1x | 10.8x | 0.3x |
| Fri, 21 Feb 2025 | S$33.0b | S$123.1b | S$3.3b | 9.4x | 9.9x | 0.3x |
| Sun, 19 Jan 2025 | S$32.3b | S$126.0b | S$3.4b | 9x | 9.5x | 0.3x |
| Tue, 17 Dec 2024 | S$32.2b | S$124.4b | S$3.3b | 8.9x | 9.6x | 0.3x |
| Thu, 14 Nov 2024 | S$32.8b | S$122.8b | S$3.2b | 9.2x | 10.1x | 0.3x |
| Sat, 12 Oct 2024 | S$33.9b | S$120.1b | S$3.2b | 9.7x | 10.6x | 0.3x |
| Mon, 09 Sep 2024 | S$32.3b | S$122.8b | S$3.0b | 9.6x | 10.9x | 0.3x |
| Wed, 07 Aug 2024 | S$31.2b | S$127.0b | S$3.0b | 10.2x | 10.5x | 0.2x |
| Fri, 05 Jul 2024 | S$32.0b | S$129.2b | S$2.9b | 10.6x | 10.9x | 0.2x |
| Sun, 02 Jun 2024 | S$31.8b | S$129.1b | S$3.0b | 11.1x | 10.5x | 0.2x |
| Tue, 30 Apr 2024 | S$33.7b | S$129.7b | S$3.0b | 10.5x | 11.1x | 0.3x |
| Thu, 28 Mar 2024 | S$34.1b | S$128.7b | S$3.0b | 10.5x | 11.3x | 0.3x |
| Sat, 24 Feb 2024 | S$33.9b | S$130.0b | S$3.5b | 9.6x | 9.7x | 0.3x |
| Mon, 22 Jan 2024 | S$33.7b | S$133.2b | S$3.8b | 9.2x | 8.8x | 0.3x |
| Wed, 20 Dec 2023 | S$34.0b | S$132.5b | S$3.8b | 9.3x | 9x | 0.3x |
| Fri, 17 Nov 2023 | S$35.6b | S$134.2b | S$3.9b | 9.4x | 9.1x | 0.3x |
| Sun, 15 Oct 2023 | S$35.1b | S$136.8b | S$4.2b | 9.1x | 8.4x | 0.3x |
| Tue, 12 Sep 2023 | S$35.5b | S$136.1b | S$4.2b | 9.4x | 8.5x | 0.3x |
| Thu, 10 Aug 2023 | S$36.9b | S$141.0b | S$5.3b | 8.7x | 7x | 0.3x |
| Sat, 08 Jul 2023 | S$35.5b | S$140.9b | S$5.3b | 8.9x | 6.7x | 0.3x |
Price to Earnings Ratio
6.7x
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 10.4x.
- 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 | -0.63% | |
| Consumer Staples | -1.77% | |
| Food | -2.27% | |
| Packaged Foods and Meats | -0.40% | |
| Agricultural Products | -2.64% | |
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 18.3%, 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 9.1% 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 | |
|---|---|---|---|---|---|
| F99 Fraser and Neave | S$1.43 | 0.7% +S$14.6m | 9.2% | PE14.9x | |
| 5JS Indofood Agri Resources | S$0.35 | 1.4% +S$7.0m | 10.9% | PE5.4x | |
| 42W Zixin Group Holdings | S$0.031 | 3.3% +S$2.0m | -3.1% | PE5.3x | |
| BEW JB Foods | S$0.71 | 0.7% +S$1.7m | 57.8% | PE2.4x |