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Singaporean (SGX) Financials Sector Analysis

UpdatedJun 20, 2024
DataAggregated Company Financials
Companies25
  • 7D-0.3%
  • 3M7.6%
  • 1Y17.3%
  • YTD12.6%

In the last week, Financials has been flat. The past year has been better, since the industry has gained 17% in that time. Looking forward, earnings are forecast to grow by 2.4% annually.

Sector Valuation and Performance

Has the Singaporean Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Jun 2024S$246.3bS$56.4bS$25.0b9.7x9.8x4.4x
Sat, 18 May 2024S$247.0bS$56.4bS$25.0b9.8x9.9x4.4x
Mon, 15 Apr 2024S$231.1bS$55.5bS$24.7b9.5x9.4x4.2x
Wed, 13 Mar 2024S$219.2bS$55.5bS$24.6b9x8.9x3.9x
Fri, 09 Feb 2024S$215.7bS$61.7bS$24.6b9.3x8.8x3.5x
Sun, 07 Jan 2024S$220.6bS$61.7bS$25.0b9.4x8.8x3.6x
Tue, 05 Dec 2023S$214.7bS$61.7bS$25.0b10x8.6x3.5x
Thu, 02 Nov 2023S$217.8bS$60.7bS$24.2b10x9x3.6x
Sat, 30 Sep 2023S$222.6bS$60.5bS$24.2b10.6x9.2x3.7x
Mon, 28 Aug 2023S$217.6bS$60.5bS$24.2b12.3x9x3.6x
Wed, 26 Jul 2023S$219.7bS$57.2bS$22.3b12.2x9.8x3.8x
Fri, 23 Jun 2023S$213.6bS$57.2bS$22.3b11.4x9.6x3.7x
Sun, 21 May 2023S$210.5bS$57.2bS$22.3b11.5x9.4x3.7x
Tue, 18 Apr 2023S$223.7bS$54.2bS$20.4b12.4x10.9x4.1x
Thu, 16 Mar 2023S$217.0bS$54.2bS$20.5b11.9x10.6x4x
Sat, 11 Feb 2023S$234.0bS$53.9bS$19.3b12.1x12.2x4.3x
Mon, 09 Jan 2023S$227.0bS$53.1bS$18.7b11.8x12.2x4.3x
Wed, 07 Dec 2022S$224.8bS$53.1bS$18.7b11.8x12x4.2x
Fri, 04 Nov 2022S$219.6bS$51.7bS$17.9b12.1x12.2x4.2x
Sun, 02 Oct 2022S$213.8bS$51.8bS$17.9b11.7x11.9x4.1x
Tue, 30 Aug 2022S$214.7bS$51.8bS$17.9b12x12x4.1x
Thu, 28 Jul 2022S$212.0bS$56.1bS$17.6b11.2x12x3.8x
Sat, 25 Jun 2022S$203.4bS$56.1bS$17.6b10.9x11.5x3.6x
Mon, 23 May 2022S$214.7bS$56.1bS$17.6b11.3x12.2x3.8x
Wed, 20 Apr 2022S$220.6bS$56.1bS$17.8b11.9x12.4x3.9x
Fri, 18 Mar 2022S$242.4bS$57.4bS$19.0b13.2x12.8x4.2x
Sun, 13 Feb 2022S$241.4bS$58.7bS$17.3b15x14x4.1x
Tue, 11 Jan 2022S$223.6bS$58.7bS$17.3b13.8x12.9x3.8x
Thu, 09 Dec 2021S$205.2bS$58.4bS$17.1b12.7x12x3.5x
Sat, 06 Nov 2021S$210.8bS$57.3bS$16.3b14x12.9x3.7x
Mon, 04 Oct 2021S$199.2bS$57.1bS$16.1b13x12.4x3.5x
Wed, 01 Sep 2021S$204.3bS$57.3bS$16.3b13.1x12.5x3.6x
Thu, 08 Jul 2021S$206.7bS$57.3bS$16.3b13.4x12.7x3.6x
Price to Earnings Ratio

12.7x


Total Market Cap: S$206.7bTotal Earnings: S$16.3bTotal Revenue: S$57.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Financials Sector Price to Earnings3Y Average 11.1x202220232024
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 9.8x which is lower than its 3-year average PE of 11.1x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 15% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Singaporean Financials sector?

SG Market0.0053%
Financials-0.32%
Consumer Finance0.50%
Mortgage Finance0%
Mortgage REITs0%
Capital Markets-0.16%
Banks-0.23%
Diversified Financial-1.38%
Insurance-2.03%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 9.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 7.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 67% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 2.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
U11 United Overseas BankS$30.850.7%
+S$332.2m
10.2%PB1.2x
AIY iFASTS$7.394.1%
+S$86.4m
63.5%PE55.3x
U13 United Overseas InsuranceS$6.321.4%
+S$5.5m
3.8%PE13.2x
S41 Hong Leong FinanceS$2.420.4%
+S$4.5m
-4.0%PE11.6x
S23 Singapura FinanceS$0.683.1%
+S$3.2m
-8.8%PE17.4x
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Latest News

AIY

S$7.39

iFAST

7D

4.1%

1Y

63.5%

CHJ

S$0.80

Uni-Asia Group

7D

3.2%

1Y

-11.6%

S41

S$2.42

Hong Leong Finance

7D

0.4%

1Y

-4.0%

U10

S$1.32

UOB-Kay Hian Holdings

7D

-0.8%

1Y

-6.4%

D05

S$35.47

DBS Group Holdings

7D

-0.5%

1Y

24.5%

U13

S$6.32

United Overseas Insurance

7D

1.4%

1Y

3.8%

O39

S$14.16

Oversea-Chinese Banking

7D

-0.5%

1Y

13.2%

G07

S$25.60

Great Eastern Holdings

7D

-2.1%

1Y

45.9%

U11

S$30.85

United Overseas Bank

7D

0.7%

1Y

10.2%

S23

S$0.68

Singapura Finance

7D

3.1%

1Y

-8.8%

S35

S$1.00

Sing Investments & Finance

7D

0.5%

1Y

0%

P15

S$0.28

Pacific Century Regional Developments

7D

-1.7%

1Y

-20.8%

I49

S$0.11

IFS Capital

7D

3.8%

1Y

-28.0%

42T

S$0.06

Trendlines Group

7D

-1.6%

1Y

-39.4%