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Apr 19
Singaporean (SGX) Capital Markets Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies12
- 7D-1.5%
- 3M-6.5%
- 1Y-2.7%
- YTD-7.9%
Over the last 7 days, the Capital Markets industry has dropped 1.5%, driven by a pullback from iFAST of 1.6%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 7.9% per annum.
Industry Valuation and Performance
Has the Singaporean Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | S$14.3b | S$2.5b | S$984.1m | 9.5x | 14.6x | 5.8x |
| Fri, 22 Mar 2024 | S$14.7b | S$2.4b | S$979.3m | 8.8x | 15x | 6x |
| Sun, 18 Feb 2024 | S$15.3b | S$2.4b | S$944.9m | 16.2x | 16.2x | 6.4x |
| Tue, 16 Jan 2024 | S$16.0b | S$2.4b | S$947.9m | 13.2x | 16.9x | 6.7x |
| Thu, 14 Dec 2023 | S$19.3b | S$2.6b | S$1.1b | 14.7x | 16.8x | 7.4x |
| Sat, 11 Nov 2023 | S$19.3b | S$2.6b | S$1.1b | 17.1x | 16.9x | 7.4x |
| Mon, 09 Oct 2023 | S$19.1b | S$2.6b | S$1.1b | 17.8x | 16.8x | 7.3x |
| Wed, 06 Sep 2023 | S$19.0b | S$2.6b | S$1.1b | 17.3x | 16.7x | 7.3x |
| Fri, 04 Aug 2023 | S$18.8b | S$2.5b | S$1.0b | 15.3x | 18.4x | 7.6x |
| Sun, 02 Jul 2023 | S$18.4b | S$2.5b | S$1.0b | 11.8x | 18.2x | 7.4x |
| Tue, 30 May 2023 | S$18.0b | S$2.5b | S$1.0b | 11.9x | 17.8x | 7.2x |
| Thu, 27 Apr 2023 | S$18.5b | S$2.5b | S$1.0b | 15.5x | 18.5x | 7.5x |
| Sat, 25 Mar 2023 | S$18.5b | S$2.4b | S$1.0b | 15.3x | 17.8x | 7.6x |
| Mon, 20 Feb 2023 | S$18.4b | S$2.5b | S$1.2b | 15.3x | 15.9x | 7.4x |
| Wed, 18 Jan 2023 | S$18.6b | S$2.4b | S$1.1b | 15.2x | 16.9x | 7.6x |
| Fri, 16 Dec 2022 | S$18.6b | S$2.5b | S$1.1b | 14.4x | 16.7x | 7.5x |
| Sun, 13 Nov 2022 | S$18.2b | S$2.5b | S$1.1b | 14.2x | 16.4x | 7.4x |
| Tue, 11 Oct 2022 | S$18.3b | S$2.5b | S$1.1b | 14.1x | 16.4x | 7.4x |
| Thu, 08 Sep 2022 | S$18.9b | S$2.5b | S$1.1b | 15.9x | 17.4x | 7.5x |
| Sat, 06 Aug 2022 | S$19.4b | S$2.7b | S$1.2b | 8.5x | 16.4x | 7.3x |
| Mon, 04 Jul 2022 | S$18.8b | S$2.7b | S$1.2b | 8.4x | 15.7x | 7.1x |
| Wed, 01 Jun 2022 | S$19.5b | S$2.7b | S$1.2b | 8.4x | 16.3x | 7.3x |
| Fri, 29 Apr 2022 | S$17.9b | S$2.3b | S$871.2m | 9.4x | 20.6x | 7.9x |
| Sun, 27 Mar 2022 | S$32.4b | S$3.6b | S$2.0b | 9.8x | 16.6x | 9.1x |
| Tue, 22 Feb 2022 | S$17.7b | S$2.2b | S$874.7m | 15x | 20.2x | 7.9x |
| Thu, 20 Jan 2022 | S$17.3b | S$2.3b | S$903.5m | 14.6x | 19.2x | 7.7x |
| Sat, 18 Dec 2021 | S$13.9b | S$2.0b | S$709.8m | 13x | 19.6x | 6.8x |
| Mon, 15 Nov 2021 | S$14.4b | S$2.0b | S$709.4m | 13.1x | 20.3x | 7.1x |
| Wed, 13 Oct 2021 | S$14.8b | S$2.0b | S$707.8m | 12.5x | 20.9x | 7.3x |
| Fri, 10 Sep 2021 | S$15.2b | S$2.0b | S$707.6m | 12.6x | 21.5x | 7.5x |
| Sun, 08 Aug 2021 | S$18.9b | S$2.2b | S$900.4m | 14.2x | 21x | 8.6x |
| Sat, 01 May 2021 | S$18.1b | S$2.2b | S$891.0m | 16.6x | 20.4x | 8.4x |
Price to Earnings Ratio
20.4x
Current Industry PE
- Investors are pessimistic on the Singaporean Capital Markets 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 14.6x which is lower than its 3-year average PE of 18.0x.
- The 3-year average PS ratio of 7.5x is higher than the industry's current PS ratio of 5.8x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 3.4% per year over the last three years.
- Revenues for these companies have grown 4.3% 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 industry?
| SG Market | -1.73% | |
| Financials | 0.33% | |
| Capital Markets | -1.46% | |
| Investment Banking and Brokerage | 0% | |
| Diversified Capital Markets | 0% | |
| Financial Exchanges and Data | -0.77% | |
| Asset Management | -3.85% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 21.5x.
- Analysts are expecting annual earnings growth of 2.9%, which is lower than the prior year's growth of 9.8% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 13.5x.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 96% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|
| S68 Singapore Exchange | S$9.25 | 3.5% +S$330.6m | -3.6% | PE17.4x | |
| AIY iFAST | S$7.10 | 7.3% +S$143.0m | 51.1% | PE74.8x | |
| YF8 Yangzijiang Financial Holding | S$0.34 | 4.7% +S$52.7m | -11.8% | PE5.8x | |
| U10 UOB-Kay Hian Holdings | S$1.38 | 0.7% +S$9.0m | -2.8% | PE7.3x | |
| CHJ Uni-Asia Group | S$0.83 | 3.1% +S$2.0m | -17.3% | PE9.6x |
