Not Many Are Piling Into Ouhua Energy Holdings Limited (SGX:AJ2) Just Yet
Apr 17
Singaporean (SGX) Energy Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies24
- 7D-3.9%
- 3M9.8%
- 1Y6.1%
- YTD2.3%
Over the last 7 days, the Energy industry has dropped 3.9%, driven by declines in China Aviation Oil (Singapore) and Geo Energy Resources of 4.7% and 7.7%, respectively. Meanwhile, Ouhua Energy Holdings actually outperformed within the industry, gaining 12% in the last week. Over the past 12 months, the industry was up 6.1%. Looking forward, earnings are forecast to grow by 30% annually.
Sector Valuation and Performance
Has the Singaporean Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | S$3.1b | S$27.4b | S$219.4m | 9.8x | 14x | 0.1x |
| Wed, 20 Mar 2024 | S$2.9b | S$27.1b | S$217.6m | 9.3x | 13.2x | 0.1x |
| Fri, 16 Feb 2024 | S$2.9b | S$26.2b | S$263.3m | 11.1x | 11.2x | 0.1x |
| Sun, 14 Jan 2024 | S$3.4b | S$33.5b | S$1.2b | 11.3x | 2.8x | 0.1x |
| Tue, 12 Dec 2023 | S$3.2b | S$33.7b | S$1.2b | 10.8x | 2.6x | 0.1x |
| Thu, 09 Nov 2023 | S$3.3b | S$34.2b | S$1.6b | 11.7x | 2x | 0.1x |
| Sat, 07 Oct 2023 | S$3.4b | S$34.3b | S$1.6b | 12.6x | 2.1x | 0.1x |
| Mon, 04 Sep 2023 | S$3.4b | S$34.1b | S$1.6b | 13.9x | 2.1x | 0.1x |
| Wed, 02 Aug 2023 | S$3.6b | S$38.2b | S$1.7b | 10.4x | 2.1x | 0.09x |
| Fri, 30 Jun 2023 | S$5.5b | S$38.8b | S$1.7b | 9.6x | 3.2x | 0.1x |
| Sun, 28 May 2023 | S$5.5b | S$38.8b | S$1.7b | 10.3x | 3.2x | 0.1x |
| Tue, 25 Apr 2023 | S$5.5b | S$38.2b | S$1.8b | 9.6x | 3.1x | 0.1x |
| Thu, 23 Mar 2023 | S$5.2b | S$38.2b | S$1.8b | 9.2x | 3x | 0.1x |
| Sat, 18 Feb 2023 | S$5.2b | S$37.1b | S$1.4b | 5.6x | 3.6x | 0.1x |
| Mon, 16 Jan 2023 | S$5.1b | S$37.0b | S$1.4b | 4.3x | 3.6x | 0.1x |
| Wed, 14 Dec 2022 | S$4.9b | S$37.9b | S$1.5b | 4.6x | 3.3x | 0.1x |
| Fri, 11 Nov 2022 | S$4.9b | S$38.5b | S$1.0b | 5.6x | 4.7x | 0.1x |
| Sun, 09 Oct 2022 | S$5.1b | S$39.3b | S$1.1b | 4.8x | 4.6x | 0.1x |
| Tue, 06 Sep 2022 | S$5.1b | S$38.5b | S$1.1b | 5.4x | 4.7x | 0.1x |
| Thu, 04 Aug 2022 | S$4.5b | S$34.0b | S$647.3m | 7.3x | 6.9x | 0.1x |
| Sat, 02 Jul 2022 | S$4.2b | S$34.2b | S$638.4m | 7.3x | 6.6x | 0.1x |
| Mon, 30 May 2022 | S$5.1b | S$33.3b | S$577.5m | 7.2x | 8.8x | 0.2x |
| Wed, 27 Apr 2022 | S$5.2b | S$33.5b | S$576.7m | 7.5x | 9x | 0.2x |
| Fri, 25 Mar 2022 | S$4.9b | S$33.2b | S$567.4m | 8.9x | 8.6x | 0.1x |
| Sun, 20 Feb 2022 | S$3.9b | S$26.0b | S$216.6m | 11.4x | 18.1x | 0.2x |
| Tue, 18 Jan 2022 | S$3.6b | S$26.0b | S$195.6m | 10.9x | 18.3x | 0.1x |
| Thu, 16 Dec 2021 | S$3.6b | S$26.4b | S$199.6m | 10.3x | 17.8x | 0.1x |
| Sat, 13 Nov 2021 | S$3.8b | S$26.1b | S$52.9m | 10.8x | 71.3x | 0.1x |
| Mon, 11 Oct 2021 | S$3.9b | S$25.7b | S$31.3m | 10.2x | 125.6x | 0.2x |
| Wed, 08 Sep 2021 | S$3.3b | S$25.5b | S$23.5m | 10.4x | 142.1x | 0.1x |
| Fri, 06 Aug 2021 | S$3.6b | S$25.6b | -S$88,572,655.23 | 9.2x | -41.2x | 0.1x |
| Mon, 10 May 2021 | S$2.9b | S$23.0b | -S$174,124,708.15 | 12.4x | -16.8x | 0.1x |
Price to Earnings Ratio
-16.8x
Current Industry PE
- Investors are optimistic on the Singaporean Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.0x 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 0.13x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.0% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Energy sector?
| SG Market | -1.73% | |
| Energy | -3.89% | |
| Energy Services | -3.29% | |
| Oil and Gas | -4.45% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 27.7x.
- Analysts are expecting annual earnings growth of 45.8%, which is higher than its past year's earnings growth of 23.1% per year.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.3x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| AJ2 Ouhua Energy Holdings | S$0.094 | 11.9% +S$3.7m | 30.6% | PE9.9x | |
| 5UL Atlantic Navigation Holdings (Singapore) | S$0.34 | 1.5% +S$2.6m | 208.0% | PE7.3x | |
| C9Q Sinostar PEC Holdings | S$0.14 | 2.8% +S$2.6m | -14.7% | PE2.3x | |
| 5OR Heatec Jietong Holdings | S$0.031 | 3.3% +S$204.8k | n/a | PE23.9x |
