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Sep 13
Singaporean (SGX) Financials Sector Analysis
UpdatedOct 03, 2023
DataAggregated Company Financials
Companies31
- 7D0.2%
- 3M4.3%
- 1Y4.7%
- YTD-0.8%
The Financials industry has stayed flat over the last week. As for the the longer term, the industry is up 4.7% over the past 12 months. Looking forward, earnings are forecast to grow by 3.5% annually.
Sector Valuation and Performance
Has the Singaporean Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | S$222.1b | S$60.5b | S$24.2b | 10.6x | 9.2x | 3.7x |
| Thu, 31 Aug 2023 | S$219.5b | S$60.5b | S$24.2b | 12.4x | 9.1x | 3.6x |
| Sat, 29 Jul 2023 | S$228.8b | S$57.8b | S$22.6b | 12.3x | 10.1x | 4x |
| Mon, 26 Jun 2023 | S$213.3b | S$57.2b | S$22.3b | 11.6x | 9.6x | 3.7x |
| Wed, 24 May 2023 | S$212.4b | S$57.2b | S$22.3b | 11.5x | 9.5x | 3.7x |
| Fri, 21 Apr 2023 | S$222.4b | S$54.2b | S$20.4b | 11.7x | 10.9x | 4.1x |
| Sun, 19 Mar 2023 | S$216.6b | S$54.2b | S$20.5b | 11.9x | 10.6x | 4x |
| Tue, 14 Feb 2023 | S$231.0b | S$53.9b | S$19.3b | 11.9x | 12x | 4.3x |
| Thu, 12 Jan 2023 | S$227.2b | S$53.1b | S$18.7b | 11.7x | 12.2x | 4.3x |
| Sat, 10 Dec 2022 | S$223.9b | S$53.1b | S$18.7b | 11.9x | 12x | 4.2x |
| Mon, 07 Nov 2022 | S$219.5b | S$53.9b | S$19.2b | 11.7x | 11.4x | 4.1x |
| Wed, 05 Oct 2022 | S$214.1b | S$51.7b | S$17.9b | 11.8x | 11.9x | 4.1x |
| Fri, 02 Sep 2022 | S$215.4b | S$51.8b | S$17.9b | 12x | 12x | 4.2x |
| Sun, 31 Jul 2022 | S$211.4b | S$56.1b | S$17.6b | 11.2x | 12x | 3.8x |
| Tue, 28 Jun 2022 | S$205.0b | S$56.1b | S$17.6b | 11x | 11.6x | 3.7x |
| Thu, 26 May 2022 | S$211.1b | S$56.1b | S$17.6b | 11.1x | 12x | 3.8x |
| Sat, 23 Apr 2022 | S$223.4b | S$56.1b | S$17.8b | 11.4x | 12.6x | 4x |
| Mon, 21 Mar 2022 | S$242.2b | S$57.4b | S$19.0b | 13.2x | 12.8x | 4.2x |
| Wed, 16 Feb 2022 | S$239.5b | S$59.3b | S$17.8b | 14.4x | 13.5x | 4x |
| Fri, 14 Jan 2022 | S$225.4b | S$58.7b | S$17.3b | 13.9x | 13x | 3.8x |
| Sun, 12 Dec 2021 | S$204.7b | S$58.4b | S$17.1b | 13x | 12x | 3.5x |
| Tue, 09 Nov 2021 | S$212.5b | S$58.4b | S$17.1b | 13.3x | 12.4x | 3.6x |
| Thu, 07 Oct 2021 | S$201.1b | S$57.1b | S$16.1b | 13.2x | 12.5x | 3.5x |
| Sat, 04 Sep 2021 | S$204.1b | S$57.3b | S$16.3b | 13.1x | 12.5x | 3.6x |
| Mon, 02 Aug 2021 | S$210.8b | S$57.3b | S$16.3b | 13.3x | 12.9x | 3.7x |
| Thu, 06 May 2021 | S$207.9b | S$54.6b | S$14.9b | 15x | 13.9x | 3.8x |
| Sun, 07 Feb 2021 | S$180.1b | S$51.4b | S$12.9b | 13.9x | 14x | 3.5x |
| Sat, 31 Oct 2020 | S$148.1b | S$50.6b | S$13.7b | 12.1x | 10.8x | 2.9x |
Price to Earnings Ratio
10.7x
Current Industry PE
- Investors are pessimistic on the Singaporean Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.2x which is lower than its 3-year average PE of 12.1x.
- The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 6.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Financials sector?
| SG Market | -0.29% | |
| Financials | 0.16% | |
| Banks | 0.28% | |
| Diversified Financial | 0.21% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -0.47% | |
| Insurance | -0.83% | |
| Consumer Finance | -0.83% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry even though it's trading below its 3-year average PE ratio of 18.7x.
- Analysts are expecting annual earnings growth of 8.7%, which is higher than its past year's earnings decline of 14.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 8.7% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 3.1% 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 | |
|---|---|---|---|---|---|
| O39 Oversea-Chinese Banking | S$12.80 | 0.3% +S$168.5m | 7.3% | PB1.1x | |
| D05 DBS Group Holdings | S$33.53 | 0.06% +S$51.6m | 0.4% | PB1.5x | |
| S68 Singapore Exchange | S$9.74 | 0.3% +S$32.1m | 2.3% | PE18.3x | |
| PGS Pegasus Asia | S$4.79 | 6.0% +S$10.3m | n/a | PB7.1x | |
| VT1 Vertex Technology Acquisition | S$4.94 | 4.7% +S$9.2m | 6.9% | PE27.4x |
