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Singaporean (SGX) Food Industry Analysis

UpdatedNov 07, 2025
DataAggregated Company Financials
Companies22
  • 7D3.2%
  • 3M13.3%
  • 1Y11.8%
  • YTD14.5%

The Food industry is up 3.2% in the last week, with Wilmar International up 5.1%. In the last 12 months, the industry was up 12%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Nov 2025S$36.2bS$125.7bS$3.0b11.9x12.2x0.3x
Sun, 05 Oct 2025S$33.0bS$124.2bS$2.9b9.2x11.2x0.3x
Tue, 02 Sep 2025S$33.0bS$123.7bS$2.9b9.5x11.2x0.3x
Thu, 31 Jul 2025S$32.4bS$118.3bS$2.9b11.9x11x0.3x
Sat, 28 Jun 2025S$30.6bS$117.1bS$2.9b10.1x10.5x0.3x
Mon, 26 May 2025S$32.4bS$123.1bS$3.1b10.1x10.5x0.3x
Wed, 23 Apr 2025S$32.5bS$124.8bS$3.2b9.1x10.3x0.3x
Fri, 21 Mar 2025S$34.4bS$127.4bS$3.2b8.9x10.7x0.3x
Sun, 16 Feb 2025S$33.6bS$123.2bS$3.3b9.6x10.1x0.3x
Tue, 14 Jan 2025S$31.8bS$126.5bS$3.4b8.8x9.4x0.3x
Thu, 12 Dec 2024S$32.8bS$123.8bS$3.3b9x9.8x0.3x
Sat, 09 Nov 2024S$33.2bS$121.5bS$3.2b9.7x10.3x0.3x
Mon, 07 Oct 2024S$34.2bS$120.0bS$3.2b9.8x10.7x0.3x
Wed, 04 Sep 2024S$32.5bS$123.4bS$3.0b9.6x10.9x0.3x
Fri, 02 Aug 2024S$32.7bS$128.0bS$3.0b10.8x11x0.3x
Sun, 30 Jun 2024S$31.9bS$129.6bS$3.0b10.6x10.8x0.2x
Tue, 28 May 2024S$32.0bS$129.0bS$3.0b11.3x10.6x0.2x
Thu, 25 Apr 2024S$34.5bS$129.9bS$3.0b10.6x11.3x0.3x
Sat, 23 Mar 2024S$33.7bS$128.8bS$3.0b10.4x11.1x0.3x
Mon, 19 Feb 2024S$32.9bS$133.7bS$3.8b9.2x8.6x0.2x
Wed, 17 Jan 2024S$34.0bS$133.2bS$3.8b9.3x8.9x0.3x
Fri, 15 Dec 2023S$34.0bS$132.2bS$3.8b9.3x9x0.3x
Sun, 12 Nov 2023S$35.1bS$136.0bS$4.2b9.2x8.3x0.3x
Tue, 10 Oct 2023S$35.4bS$136.7bS$4.2b9.3x8.4x0.3x
Thu, 07 Sep 2023S$35.7bS$136.0bS$4.2b9.6x8.6x0.3x
Sat, 05 Aug 2023S$36.7bS$140.5bS$5.3b8.7x7x0.3x
Mon, 03 Jul 2023S$36.2bS$141.5bS$5.3b8.9x6.8x0.3x
Wed, 31 May 2023S$37.8bS$141.4bS$5.4b9.4x7x0.3x
Fri, 28 Apr 2023S$37.9bS$140.2bS$5.5b9.3x6.9x0.3x
Sun, 26 Mar 2023S$39.4bS$139.9bS$5.5b8.8x7.2x0.3x
Tue, 21 Feb 2023S$38.4bS$138.6bS$5.5b8.6x7x0.3x
Thu, 19 Jan 2023S$38.7bS$136.9bS$5.5b7.8x7.1x0.3x
Sat, 17 Dec 2022S$39.2bS$140.6bS$5.6b7.1x7x0.3x
Mon, 14 Nov 2022S$38.8bS$142.0bS$5.4b6.8x7.2x0.3x
Price to Earnings Ratio

7.2x


Total Market Cap: S$38.8bTotal Earnings: S$5.4bTotal Revenue: S$142.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Food Industry Price to Earnings3Y Average 9.3x202320242025
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 12.2x which is higher than its 3-year average PE of 9.3x.
  • 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 18% per year over the last three years,
  • Revenues have also declined 4.0% 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 Market0.95%
Consumer Staples2.51%
Food3.16%
Agricultural Products3.99%
Packaged Foods and Meats-0.55%
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 24.3%, which is higher than its past year's earnings growth of 17.3% 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 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 12% 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
F34 Wilmar InternationalS$3.285.1%
+S$998.8m		4.8%PE13.2x
EB5 First ResourcesS$2.022.5%
+S$77.5m		32.0%PE8.2x
P8Z Bumitama AgriS$1.452.8%
+S$69.4m		77.9%PE11.9x
F99 Fraser and NeaveS$1.480.7%
+S$14.6m		9.6%PE14.7x
5HG EditionS$0.00740.0%
+S$5.0m		16.7%PS20.2x

Latest News

BEW
S$0.49
JB Foods
7D
-3.9%
1Y
2.1%
F34
S$3.28
Wilmar International
7D
5.1%
1Y
4.8%

Wilmar International Limited (SGX:F34) Shares Could Be 38% Below Their Intrinsic Value Estimate

Oct 28
Wilmar International Limited (SGX:F34) Shares Could Be 38% Below Their Intrinsic Value Estimate
P8Z
S$1.45
Bumitama Agri
7D
2.8%
1Y
77.9%

Even With A 27% Surge, Cautious Investors Are Not Rewarding Bumitama Agri Ltd.'s (SGX:P8Z) Performance Completely

Oct 27
Even With A 27% Surge, Cautious Investors Are Not Rewarding Bumitama Agri Ltd.'s (SGX:P8Z) Performance Completely
D03
S$0.084
Del Monte Pacific
7D
-6.7%
1Y
-2.3%
BNE
S$0.29
Kencana Agri
7D
1.8%
1Y
229.5%

A Piece Of The Puzzle Missing From Kencana Agri Limited's (SGX:BNE) 27% Share Price Climb

Sep 29
A Piece Of The Puzzle Missing From Kencana Agri Limited's (SGX:BNE) 27% Share Price Climb
F99
S$1.48
Fraser and Neave
7D
0.7%
1Y
9.6%
F03
S$2.29
Food Empire Holdings
7D
-1.7%
1Y
124.5%
EB5
S$2.02
First Resources
7D
2.5%
1Y
32.0%
5HG
S$0.007
Edition
7D
40.0%
1Y
16.7%
Y03
S$0.61
Yeo Hiap Seng
7D
0.8%
1Y
7.9%

Yeo Hiap Seng's (SGX:Y03) Weak Earnings May Only Reveal A Part Of The Whole Picture

Aug 14
Yeo Hiap Seng's (SGX:Y03) Weak Earnings May Only Reveal A Part Of The Whole Picture
5JS
S$0.36
Indofood Agri Resources
7D
-1.4%
1Y
12.3%
5ML
S$1.15
Old Chang Kee
7D
-2.5%
1Y
50.3%
42W
S$0.035
Zixin Group Holdings
7D
-5.4%
1Y
12.9%
MV4
S$0.29
Mewah International
7D
-1.7%
1Y
7.3%
GRQ
S$0.16
Don Agro International
7D
-12.2%
1Y
n/a