Analysis Article • Nov 21
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Singaporean (SGX) Energy Sector Analysis
UpdatedJun 04, 2026
DataAggregated Company Financials
Companies20
- 7D-4.6%
- 3M-2.7%
- 1Y50.4%
- YTD2.9%
Over the last 7 days, the Energy industry has dropped 4.6%, driven by a pullback from China Aviation Oil (Singapore) of 2.7%. In contrast, Salt Investments has gained 33%. In the past year, the industry has gained 50%. As for the next few years, earnings are expected to grow by 14% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 05 Jun 2026 | S$3.6b | S$27.9b | S$159.2m | 10.5x | 22.5x | 0.1x |
| Sun, 03 May 2026 | S$4.2b | S$27.9b | S$170.0m | 13x | 25x | 0.2x |
| Tue, 31 Mar 2026 | S$4.0b | S$28.2b | S$171.5m | 12.9x | 23.5x | 0.1x |
| Thu, 26 Feb 2026 | S$3.9b | S$28.5b | S$186.6m | 15.8x | 20.8x | 0.1x |
| Sat, 24 Jan 2026 | S$3.8b | S$28.7b | S$190.5m | 15.8x | 19.8x | 0.1x |
| Mon, 22 Dec 2025 | S$3.4b | S$29.0b | S$192.7m | 13.7x | 17.4x | 0.1x |
| Wed, 19 Nov 2025 | S$3.4b | S$29.2b | S$198.1m | 14.8x | 17.1x | 0.1x |
| Fri, 17 Oct 2025 | S$3.4b | S$29.1b | S$203.7m | 9.9x | 16.8x | 0.1x |
| Sun, 14 Sep 2025 | S$3.5b | S$28.8b | S$207.2m | 13.5x | 16.8x | 0.1x |
| Tue, 12 Aug 2025 | S$3.0b | S$27.6b | S$242.7m | 9.7x | 12.3x | 0.1x |
| Thu, 10 Jul 2025 | S$2.8b | S$27.7b | S$291.4m | 8.2x | 9.6x | 0.1x |
| Sat, 07 Jun 2025 | S$2.6b | S$27.8b | S$293.1m | 7.2x | 8.8x | 0.09x |
| Mon, 05 May 2025 | S$2.5b | S$27.9b | S$302.6m | 7.5x | 8.4x | 0.09x |
| Wed, 02 Apr 2025 | S$2.6b | S$28.9b | S$317.5m | 7.1x | 8.1x | 0.09x |
| Fri, 28 Feb 2025 | S$2.6b | S$29.0b | S$239.5m | 6.1x | 10.8x | 0.09x |
| Sun, 26 Jan 2025 | S$2.6b | S$29.1b | S$207.5m | 7x | 12.3x | 0.09x |
| Tue, 24 Dec 2024 | S$3.3b | S$29.8b | S$266.2m | 7.3x | 12.5x | 0.1x |
| Thu, 21 Nov 2024 | S$3.4b | S$29.5b | S$267.3m | 7.7x | 12.8x | 0.1x |
| Sat, 19 Oct 2024 | S$3.5b | S$29.0b | S$315.7m | 7.2x | 11x | 0.1x |
| Mon, 16 Sep 2024 | S$3.2b | S$28.7b | S$313.0m | 6.9x | 10.1x | 0.1x |
| Wed, 14 Aug 2024 | S$3.2b | S$26.7b | S$257.0m | 8.3x | 12.4x | 0.1x |
| Fri, 12 Jul 2024 | S$3.1b | S$27.1b | S$225.5m | 9.4x | 13.7x | 0.1x |
| Sun, 09 Jun 2024 | S$3.0b | S$27.2b | S$227.0m | 9.3x | 13.2x | 0.1x |
| Tue, 07 May 2024 | S$3.0b | S$27.2b | S$218.2m | 9.4x | 13.7x | 0.1x |
| Thu, 04 Apr 2024 | S$3.1b | S$27.2b | S$218.4m | 10x | 14.2x | 0.1x |
| Sat, 02 Mar 2024 | S$2.9b | S$27.1b | S$217.0m | 9.8x | 13.2x | 0.1x |
| Mon, 29 Jan 2024 | S$3.3b | S$33.7b | S$1.2b | 11.3x | 2.7x | 0.1x |
| Wed, 27 Dec 2023 | S$3.4b | S$33.4b | S$1.2b | 11.5x | 2.8x | 0.1x |
| Fri, 24 Nov 2023 | S$3.3b | S$33.7b | S$1.2b | 11.2x | 2.7x | 0.1x |
| Sun, 22 Oct 2023 | S$3.3b | S$34.4b | S$1.6b | 11.9x | 2x | 0.1x |
| Tue, 19 Sep 2023 | S$3.4b | S$34.3b | S$1.6b | 12.8x | 2.1x | 0.1x |
| Thu, 17 Aug 2023 | S$3.4b | S$34.2b | S$1.6b | 13.5x | 2.1x | 0.1x |
| Sat, 15 Jul 2023 | S$3.6b | S$37.9b | S$1.7b | 9.7x | 2.1x | 0.1x |
| Mon, 12 Jun 2023 | S$5.5b | S$38.5b | S$1.7b | 9.9x | 3.2x | 0.1x |
Price to Earnings Ratio
3.2x
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 22.5x which is higher than its 3-year average PE of 11.6x.
- The industry is trading close to its 3-year average PS ratio of 0.11x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 55% per year over the last three years,
- Revenues have also declined 10% 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 Energy sector?
| SG Market | 1.06% | |
| Energy | -4.57% | |
| Energy Services | -2.60% | |
| Oil and Gas | -5.15% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 8.4x.
- Analysts are expecting annual earnings growth of 15.1%, which is higher than its past year's earnings decline of 63.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings decline of 63% per year.
- In contrast, the Energy Services industry is expected to see its earnings decline by 2.7% 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 | |
|---|---|---|---|---|---|
| FQ7 Salt Investments | S$0.004 | 33.3% +S$26.0m | 33.3% | PS7.1x | |
| RE4 Geo Energy Resources | S$0.46 | 2.2% +S$17.8m | 23.0% | PE36.6x | |
| AJ2 Ouhua Energy Holdings | S$0.048 | 14.3% +S$2.2m | n/a | PS0.04x | |
| RXS Pacific Radiance | S$0.083 | 1.2% +S$1.5m | 112.8% | PE6x |