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Singaporean (SGX) Food Industry Analysis

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies22
  • 7D0.4%
  • 3M2.6%
  • 1Y3.0%
  • YTD1.6%

The Food industry has gained 1.1% in the last week and Bumitama Agri up 12%. In the last 12 months, the industry was up 5.4%. As for the next few years, earnings are expected to grow by 9.4% per annum.

Industry Valuation and Performance

Has the Singaporean Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 Aug 2025S$32.1bS$120.4bS$3.0b11.8x10.8x0.3x
Sat, 12 Jul 2025S$31.1bS$117.4bS$2.9b10.9x10.6x0.3x
Mon, 09 Jun 2025S$31.2bS$118.3bS$2.9b10.4x10.6x0.3x
Wed, 07 May 2025S$32.3bS$123.2bS$3.1b10x10.3x0.3x
Fri, 04 Apr 2025S$34.7bS$127.5bS$3.2b9.5x10.7x0.3x
Sun, 02 Mar 2025S$33.3bS$128.8bS$3.2b8.6x10.5x0.3x
Tue, 28 Jan 2025S$32.1bS$123.8bS$3.3b9.1x9.7x0.3x
Thu, 26 Dec 2024S$32.0bS$124.4bS$3.3b8.7x9.6x0.3x
Sat, 23 Nov 2024S$32.6bS$124.2bS$3.3b9.1x9.7x0.3x
Mon, 21 Oct 2024S$33.7bS$120.5bS$3.2b9.6x10.5x0.3x
Wed, 18 Sep 2024S$32.6bS$119.0bS$3.2b9.3x10.3x0.3x
Fri, 16 Aug 2024S$32.1bS$124.4bS$3.0b9.5x10.8x0.3x
Sun, 14 Jul 2024S$32.3bS$128.2bS$2.9b11x11.1x0.3x
Tue, 11 Jun 2024S$31.8bS$129.4bS$3.0b10.1x10.5x0.2x
Thu, 09 May 2024S$32.6bS$129.5bS$3.1b11x10.5x0.3x
Sat, 06 Apr 2024S$34.3bS$128.7bS$3.0b10.6x11.3x0.3x
Mon, 04 Mar 2024S$33.3bS$128.4bS$3.1b10.4x10.8x0.3x
Wed, 31 Jan 2024S$33.5bS$133.1bS$3.8b9.4x8.8x0.3x
Fri, 29 Dec 2023S$34.4bS$130.9bS$3.8b9.5x9.2x0.3x
Sun, 26 Nov 2023S$35.7bS$133.2bS$3.9b9.5x9.2x0.3x
Tue, 24 Oct 2023S$33.5bS$137.0bS$4.2b8.6x8x0.2x
Thu, 21 Sep 2023S$36.0bS$136.2bS$4.2b9.6x8.6x0.3x
Sat, 19 Aug 2023S$35.1bS$135.7bS$4.1b10.1x8.4x0.3x
Mon, 17 Jul 2023S$36.5bS$138.4bS$5.2b8.8x7x0.3x
Wed, 14 Jun 2023S$37.6bS$140.3bS$5.3b8.6x7.1x0.3x
Fri, 12 May 2023S$37.7bS$139.4bS$5.4b9.8x7x0.3x
Sun, 09 Apr 2023S$39.5bS$139.8bS$5.5b9.5x7.2x0.3x
Tue, 07 Mar 2023S$38.4bS$141.1bS$5.6b8.1x6.9x0.3x
Thu, 02 Feb 2023S$38.9bS$136.4bS$5.4b8.3x7.2x0.3x
Sat, 31 Dec 2022S$39.2bS$139.0bS$5.5b7.2x7.1x0.3x
Mon, 28 Nov 2022S$39.6bS$142.4bS$5.6b7.3x7x0.3x
Wed, 26 Oct 2022S$35.1bS$146.2bS$5.6b6.5x6.3x0.2x
Fri, 23 Sep 2022S$39.0bS$145.7bS$5.6b6.8x7x0.3x
Sun, 21 Aug 2022S$40.7bS$143.4bS$5.5b7x7.3x0.3x
Price to Earnings Ratio

7.3x


Total Market Cap: S$40.7bTotal Earnings: S$5.5bTotal Revenue: S$143.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Food Industry Price to Earnings3Y Average 9x202320242025
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 11.0x which is higher than its 3-year average PE of 9.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.26x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 19% per year over the last three years,
  • Revenues have also declined 6.2% 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 Market0.99%
Consumer Staples0.58%
Food0.37%
Agricultural Products0.95%
Packaged Foods and Meats-1.99%
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 12.5x.
    • Analysts are expecting annual earnings growth of 7.1%, which is higher than its past year's earnings decline of 4.4% 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 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 7.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
P8Z Bumitama AgriS$0.9211.6%
+S$164.7m		28.0%PE7.4x
EB5 First ResourcesS$1.645.8%
+S$139.4m		18.0%PE8.1x
E5H Golden Agri-ResourcesS$0.273.9%
+S$126.8m		-1.9%PE7.2x
5JS Indofood Agri ResourcesS$0.364.3%
+S$20.9m		28.1%PE5.5x
5ML Old Chang KeeS$1.101.9%
+S$2.4m		52.8%PE11.8x

Latest News

P34
S$0.78
Delfi
7D
-13.9%
1Y
-8.3%

Delfi (SGX:P34) Seems To Use Debt Quite Sensibly

Aug 13
Delfi (SGX:P34) Seems To Use Debt Quite Sensibly
F34
S$2.94
Wilmar International
7D
-1.0%
1Y
-4.9%

Here's Why Wilmar International (SGX:F34) Has A Meaningful Debt Burden

Aug 13
Here's Why Wilmar International (SGX:F34) Has A Meaningful Debt Burden
P8Z
S$0.92
Bumitama Agri
7D
11.6%
1Y
28.0%
Q01
S$0.86
QAF
7D
-3.4%
1Y
6.8%
BNE
S$0.091
Kencana Agri
7D
1.1%
1Y
30.0%

Investors Still Aren't Entirely Convinced By Kencana Agri Limited's (SGX:BNE) Revenues Despite 31% Price Jump

Aug 08
Investors Still Aren't Entirely Convinced By Kencana Agri Limited's (SGX:BNE) Revenues Despite 31% Price Jump
D03
S$0.079
Del Monte Pacific
7D
-4.8%
1Y
-2.5%
F99
S$1.39
Fraser and Neave
7D
-1.4%
1Y
14.9%
5JS
S$0.36
Indofood Agri Resources
7D
4.3%
1Y
28.1%
E5H
S$0.27
Golden Agri-Resources
7D
3.9%
1Y
-1.9%
5ML
S$1.10
Old Chang Kee
7D
1.9%
1Y
52.8%
F03
S$2.40
Food Empire Holdings
7D
-0.8%
1Y
146.2%

Earnings Not Telling The Story For Food Empire Holdings Limited (SGX:F03) After Shares Rise 27%

Jul 18
Earnings Not Telling The Story For Food Empire Holdings Limited (SGX:F03) After Shares Rise 27%
BEW
S$0.46
JB Foods
7D
-4.2%
1Y
-8.0%
EB5
S$1.64
First Resources
7D
5.8%
1Y
18.0%
MV4
S$0.27
Mewah International
7D
-1.9%
1Y
-1.9%
BJV
S$0.11
Yamada Green Resources
7D
2.9%
1Y
-2.7%

We Like These Underlying Return On Capital Trends At Yamada Green Resources (SGX:BJV)

May 09
We Like These Underlying Return On Capital Trends At Yamada Green Resources (SGX:BJV)
5EG
S$0.042
Zhongxin Fruit and Juice
7D
5.0%
1Y
162.5%