Singaporean (SGX) Oil and Gas Services Industry Analysis

Industry Valuation and Performance

Has the Singaporean Oil and Gas Services Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 16 Aug 2026	S$859.5m	S$1.4b	-S$38,327,299.61	7.5x	-22.4x	0.6x
Tue, 14 Jul 2026	S$774.8m	S$1.4b	-S$7,264,216.03	6.2x	-106.7x	0.5x
Thu, 11 Jun 2026	S$843.3m	S$1.4b	-S$7,287,328.62	6.6x	-115.7x	0.6x
Sat, 09 May 2026	S$902.6m	S$1.5b	-S$4,270,312.70	7.4x	-211.4x	0.6x
Mon, 06 Apr 2026	S$850.4m	S$1.5b	-S$5,127,095.15	7.4x	-165.9x	0.6x
Wed, 04 Mar 2026	S$906.0m	S$1.5b	-S$2,058,900.54	8.3x	-440.1x	0.6x
Fri, 30 Jan 2026	S$1.2b	S$2.2b	S$46.9m	16.7x	25.1x	0.5x
Sun, 28 Dec 2025	S$1.0b	S$2.2b	S$48.0m	10.8x	21.9x	0.5x
Tue, 25 Nov 2025	S$1.1b	S$2.2b	S$48.5m	8.7x	23.2x	0.5x
Thu, 23 Oct 2025	S$1.1b	S$2.2b	S$33.6m	13.3x	33.6x	0.5x
Sat, 20 Sep 2025	S$1.1b	S$2.2b	S$32.9m	12.5x	33x	0.5x
Mon, 18 Aug 2025	S$1.1b	S$2.2b	S$38.8m	17.8x	28.4x	0.5x
Wed, 16 Jul 2025	S$1.2b	S$2.5b	S$105.1m	18.8x	11x	0.5x
Fri, 13 Jun 2025	S$1.1b	S$2.5b	S$104.8m	6.8x	10.3x	0.4x
Sun, 11 May 2025	S$946.0m	S$2.5b	S$117.1m	7.9x	8.1x	0.4x
Tue, 08 Apr 2025	S$881.4m	S$2.5b	S$120.3m	7.1x	7.3x	0.3x
Thu, 06 Mar 2025	S$1.0b	S$2.5b	S$23.5m	13.9x	44.5x	0.4x
Sat, 01 Feb 2025	S$1.0b	S$2.5b	-S$29,354,551.59	7.8x	-35.6x	0.4x
Mon, 30 Dec 2024	S$1.9b	S$2.9b	S$27.5m	9.3x	67.8x	0.6x
Wed, 27 Nov 2024	S$1.8b	S$2.9b	S$27.4m	10.2x	66.1x	0.6x
Fri, 25 Oct 2024	S$2.0b	S$2.8b	S$47.1m	7.4x	41.8x	0.7x
Sun, 22 Sep 2024	S$1.8b	S$2.8b	S$47.5m	7.1x	36.9x	0.6x
Tue, 20 Aug 2024	S$1.7b	S$2.6b	S$38.1m	8.4x	44x	0.6x
Thu, 18 Jul 2024	S$1.6b	S$1.9b	S$11.6m	11.5x	142.6x	0.9x
Sat, 15 Jun 2024	S$1.5b	S$1.9b	S$12.3m	12.4x	120.3x	0.8x
Mon, 13 May 2024	S$1.5b	S$1.8b	S$2.5m	13.5x	574.3x	0.8x
Wed, 10 Apr 2024	S$1.5b	S$1.8b	S$2.6m	14.2x	575.4x	0.8x
Fri, 08 Mar 2024	S$1.2b	S$1.8b	-S$817,434.78	11.9x	-1503.5x	0.7x
Sun, 04 Feb 2024	S$1.2b	S$1.7b	S$63.7m	12.1x	18.4x	0.7x
Tue, 02 Jan 2024	S$1.3b	S$1.7b	S$63.6m	11.6x	20.7x	0.8x
Thu, 30 Nov 2023	S$1.2b	S$1.7b	S$64.2m	11.3x	18.7x	0.7x
Sat, 28 Oct 2023	S$1.3b	S$1.7b	S$471.3m	11.7x	2.7x	0.8x
Mon, 25 Sep 2023	S$1.4b	S$1.7b	S$464.5m	13.4x	3.1x	0.9x
Wed, 23 Aug 2023	S$1.4b	S$1.7b	S$461.4m	14.5x	3x	0.8x

Current Industry PE

Investors are relatively neutral on the Singaporean Oil and Gas Equipment and Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PS ratio of 0.62x.

Past Earnings Growth

Total earnings for the Oil and Gas Equipment and Services industry have declined over the last three years, with the industry now making a loss overall.
Revenues have also declined 4.2% per year, which is driving profits down.

Industry Comparison

How does Singaporean Oil and Gas Services compare with similar industries?


SG Market	0.75%
Energy	-2.56%
Energy Services	-2.33%
Oil and Gas Services	-2.33%
Oil and Gas Drilling	0%	0

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
WPC Vallianz Holdings	S$0.06	25.0% +S$14.5m	50.0%	PE7.7x
5WH Rex International Holding	S$0.069	3.0% +S$2.7m	-61.2%	PS0.3x
5NF Mencast Holdings	S$0.09	1.1% +S$472.3k	221.4%	PS1x

Company

Last Price

Valuation

WPC Vallianz Holdings

S$0.06

25.0%
+S$14.5m

50.0%

PE7.7x

5WH Rex International Holding

S$0.069

3.0%
+S$2.7m

-61.2%

PS0.3x

5NF Mencast Holdings

S$0.09

1.1%
+S$472.3k

221.4%

PS1x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$2.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 9.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Market cap is less than US$10m (S$3.28m market cap, or US$2.56m). Minor Risk Significant insider selling over the past 3 months (S$291k sold).

Singaporean (SGX) Oil and Gas Services Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

New major risk - Shareholder dilution

First half 2026 earnings released: EPS: US$0.068 (vs US$0.019 loss in 1H 2025)

Second quarter 2026 earnings released: ฿0.073 loss per share (vs ฿0.18 loss in 2Q 2025)

Vallianz Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2026

Salt Investments Limited Announces the Appointment of Gaston Lian as Vice-President and Head, Marine Technology Division, Effective July 27, 2026

Full year 2026 earnings released: S$0.033 loss per share (vs S$0.016 profit in FY 2025)

Full year 2025 earnings released: EPS: US$0.012 (vs US$0.001 in FY 2024)

Full year 2025 earnings released: S$0.007 loss per share (vs S$0.005 profit in FY 2024)