Returns At Fraser and Neave (SGX:F99) Are On The Way Up
Aug 12
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Singaporean (SGX) Food Industry Analysis
UpdatedSep 01, 2024
DataAggregated Company Financials
Companies24
- 7D0.7%
- 3M2.2%
- 1Y-10.0%
- YTD-5.7%
Last week, the Food industry hasn't moved much but Fraser and Neave is up 5.7% in that time. Unfortunately though, the industry is down 10% over the past 12 months. As for the next few years, earnings are expected to grow by 6.9% 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 |
|---|---|---|---|---|---|---|
| Sun, 01 Sep 2024 | S$32.5b | S$123.0b | S$3.0b | 9.7x | 10.9x | 0.3x |
| Tue, 30 Jul 2024 | S$32.3b | S$128.5b | S$2.9b | 11.7x | 11x | 0.3x |
| Thu, 27 Jun 2024 | S$32.3b | S$129.7b | S$3.0b | 10.7x | 10.6x | 0.2x |
| Sat, 25 May 2024 | S$32.1b | S$129.1b | S$3.0b | 11.1x | 10.6x | 0.2x |
| Mon, 22 Apr 2024 | S$33.9b | S$129.9b | S$3.0b | 10.3x | 11.1x | 0.3x |
| Wed, 20 Mar 2024 | S$33.7b | S$128.2b | S$3.0b | 10.4x | 11.2x | 0.3x |
| Fri, 16 Feb 2024 | S$32.4b | S$133.9b | S$3.8b | 9.2x | 8.4x | 0.2x |
| Sun, 14 Jan 2024 | S$34.2b | S$132.4b | S$3.8b | 9.3x | 9x | 0.3x |
| Tue, 12 Dec 2023 | S$34.5b | S$133.5b | S$3.9b | 9.1x | 8.8x | 0.3x |
| Thu, 09 Nov 2023 | S$35.1b | S$135.7b | S$4.2b | 9.2x | 8.3x | 0.3x |
| Sat, 07 Oct 2023 | S$35.6b | S$136.6b | S$4.2b | 9.3x | 8.5x | 0.3x |
| Mon, 04 Sep 2023 | S$36.3b | S$135.4b | S$4.1b | 9.7x | 8.8x | 0.3x |
| Wed, 02 Aug 2023 | S$36.8b | S$139.4b | S$5.2b | 8.7x | 7.1x | 0.3x |
| Fri, 30 Jun 2023 | S$36.6b | S$141.8b | S$5.4b | 8.8x | 6.8x | 0.3x |
| Sun, 28 May 2023 | S$38.0b | S$141.6b | S$5.4b | 9.4x | 7.1x | 0.3x |
| Tue, 25 Apr 2023 | S$39.0b | S$140.0b | S$5.5b | 9.4x | 7.1x | 0.3x |
| Thu, 23 Mar 2023 | S$39.2b | S$139.9b | S$5.5b | 8.6x | 7.1x | 0.3x |
| Sat, 18 Feb 2023 | S$38.1b | S$139.1b | S$5.5b | 8.7x | 6.9x | 0.3x |
| Mon, 16 Jan 2023 | S$39.0b | S$136.9b | S$5.5b | 8x | 7.1x | 0.3x |
| Wed, 14 Dec 2022 | S$39.2b | S$140.4b | S$5.6b | 7.2x | 7x | 0.3x |
| Fri, 11 Nov 2022 | S$38.4b | S$144.5b | S$5.5b | 6.6x | 7x | 0.3x |
| Sun, 09 Oct 2022 | S$36.6b | S$147.2b | S$5.6b | 7.1x | 6.5x | 0.2x |
| Tue, 06 Sep 2022 | S$39.4b | S$144.1b | S$5.6b | 6.6x | 7.1x | 0.3x |
| Thu, 04 Aug 2022 | S$40.0b | S$131.1b | S$4.5b | 8.9x | 8.9x | 0.3x |
| Sat, 02 Jul 2022 | S$39.9b | S$132.0b | S$4.6b | 8.6x | 8.6x | 0.3x |
| Mon, 30 May 2022 | S$41.9b | S$130.0b | S$4.5b | 10.1x | 9.3x | 0.3x |
| Wed, 27 Apr 2022 | S$44.2b | S$129.4b | S$4.4b | 8.3x | 10.1x | 0.3x |
| Fri, 25 Mar 2022 | S$47.1b | S$128.1b | S$4.3b | 8x | 10.9x | 0.4x |
| Sun, 20 Feb 2022 | S$45.3b | S$113.0b | S$4.0b | 11.2x | 11.2x | 0.4x |
| Tue, 18 Jan 2022 | S$41.5b | S$113.1b | S$4.0b | 12.2x | 10.3x | 0.4x |
| Thu, 16 Dec 2021 | S$40.6b | S$114.9b | S$4.1b | 12.2x | 9.9x | 0.4x |
| Sat, 13 Nov 2021 | S$42.8b | S$111.9b | S$3.9b | 10.8x | 11x | 0.4x |
| Mon, 11 Oct 2021 | S$43.4b | S$111.8b | S$4.0b | 10.5x | 10.9x | 0.4x |
| Wed, 08 Sep 2021 | S$40.6b | S$111.0b | S$3.9b | 9.8x | 10.3x | 0.4x |
Price to Earnings Ratio
10.3x
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 10.9x which is higher than its 3-year average PE of 8.9x.
- The industry is trading close to its 3-year average PS ratio of 0.29x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 8.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Singaporean Consumer Staples industry?
| SG Market | 1.53% | |
| Consumer Staples | 1.53% | |
| Food | 0.73% | |
| Packaged Foods and Meats | 2.24% | |
| Agricultural Products | 0.39% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 12.3x.
- Analysts are expecting annual earnings growth of 8.4%, which is lower than the prior year's growth of 35.7% 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 Packaged Foods and Meats industry, expecting annual earnings growth of 8.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 36% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings grow by 6.7% 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$1.29 | 5.7% +S$101.9m | 19.4% | PE11.3x | |
| F34 Wilmar International | S$3.14 | 0.3% +S$62.4m | -16.9% | PE9.7x | |
| 5JS Indofood Agri Resources | S$0.32 | 8.6% +S$34.9m | 5.0% | PE6.3x | |
| P8Z Bumitama Agri | S$0.72 | 2.1% +S$26.0m | 31.8% | PE7x | |
| D03 Del Monte Pacific | S$0.091 | 9.6% +S$15.6m | -41.3% | PS0.06x |