Singaporean (SGX) Asset Management Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies10
- 7D1.6%
- 3M-7.6%
- 1Y11.1%
- YTDn/a
Over the last 7 days, the Asset Management industry has risen 5.6%, driven by gains from iFAST of 7.3%. Meanwhile, Trendlines Group actually underperformed within the industry, shrinking 6.8% in the last week. In the last 12 months, the industry was up 16%. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Singaporean Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | S$3.5b | S$695.9m | S$245.8m | 9.5x | 14.2x | 5x |
| Sun, 24 Mar 2024 | S$3.5b | S$695.6m | S$245.8m | 8.7x | 14.3x | 5.1x |
| Tue, 20 Feb 2024 | S$4.1b | S$686.3m | S$257.5m | 16.5x | 15.7x | 5.9x |
| Thu, 18 Jan 2024 | S$4.2b | S$695.1m | S$257.7m | 11.2x | 16.4x | 6.1x |
| Sat, 16 Dec 2023 | S$4.3b | S$693.8m | S$264.9m | 13.3x | 16.1x | 6.1x |
| Mon, 13 Nov 2023 | S$4.2b | S$696.2m | S$265.4m | 16.1x | 15.9x | 6.1x |
| Wed, 11 Oct 2023 | S$3.9b | S$684.2m | S$259.1m | 16.8x | 15.2x | 5.7x |
| Fri, 08 Sep 2023 | S$3.9b | S$675.7m | S$259.1m | 16.7x | 15.2x | 5.8x |
| Sun, 06 Aug 2023 | S$4.0b | S$659.7m | S$228.2m | 22.8x | 17.3x | 6x |
| Tue, 04 Jul 2023 | S$3.4b | S$648.1m | S$204.5m | 10.2x | 16.4x | 5.2x |
| Thu, 01 Jun 2023 | S$3.3b | S$647.1m | S$198.8m | 10.9x | 16.7x | 5.1x |
| Sat, 29 Apr 2023 | S$3.5b | S$645.1m | S$196.0m | 11.8x | 18.1x | 5.5x |
| Mon, 27 Mar 2023 | S$3.5b | S$653.0m | S$198.7m | 11.8x | 17.7x | 5.4x |
| Wed, 22 Feb 2023 | S$3.6b | S$645.4m | S$301.6m | 26.6x | 12x | 5.6x |
| Fri, 20 Jan 2023 | S$3.6b | S$667.7m | S$319.1m | 12.2x | 11.2x | 5.3x |
| Sun, 18 Dec 2022 | S$3.7b | S$670.4m | S$319.8m | 11.6x | 11.6x | 5.6x |
| Tue, 15 Nov 2022 | S$15.0b | S$2.0b | S$1.3b | 11.2x | 11.4x | 7.6x |
| Thu, 13 Oct 2022 | S$3.1b | S$678.9m | S$327.0m | 10.5x | 9.5x | 4.6x |
| Sat, 10 Sep 2022 | S$3.6b | S$676.9m | S$326.6m | 11x | 11x | 5.3x |
| Mon, 08 Aug 2022 | S$3.6b | S$770.1m | S$419.0m | 5.7x | 8.5x | 4.6x |
| Wed, 06 Jul 2022 | S$3.5b | S$768.9m | S$429.6m | 5.6x | 8.2x | 4.6x |
| Fri, 03 Jun 2022 | S$4.1b | S$767.2m | S$429.2m | 6.1x | 9.7x | 5.4x |
| Sun, 01 May 2022 | S$2.3b | S$383.0m | S$102.1m | 7x | 22.4x | 6x |
| Tue, 29 Mar 2022 | S$17.4b | S$1.7b | S$1.2b | 8.3x | 14.6x | 10.3x |
| Thu, 24 Feb 2022 | S$2.7b | S$373.3m | S$83.5m | 9.8x | 31.8x | 7.1x |
| Sat, 22 Jan 2022 | S$2.7b | S$373.5m | S$87.5m | 13.5x | 31.2x | 7.3x |
| Mon, 20 Dec 2021 | S$2.7b | S$375.2m | S$88.0m | 13x | 30.3x | 7.1x |
| Wed, 17 Nov 2021 | S$2.9b | S$373.9m | S$87.6m | 13.4x | 33x | 7.7x |
| Fri, 15 Oct 2021 | S$3.1b | S$362.7m | S$85.8m | 12.8x | 35.6x | 8.4x |
| Sun, 12 Sep 2021 | S$2.9b | S$362.3m | S$85.8m | 12.6x | 34.1x | 8.1x |
| Tue, 10 Aug 2021 | S$2.7b | S$363.9m | S$84.3m | 12.4x | 32.5x | 7.5x |
| Mon, 03 May 2021 | S$2.3b | S$334.1m | S$65.3m | 38.2x | 34.8x | 6.8x |
Price to Earnings Ratio
34.8x
Current Industry PE
- Investors are pessimistic on the Singaporean Asset Management and Custody Banks 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 20.3x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 28% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Singaporean Asset Management compare with similar industries?
| SG Market | 2.63% | |
| Financials | 3.30% | |
| Capital Markets | 2.31% | |
| Asset Management | 1.62% | |
| Financial Exchanges and Data | 2.76% | |
| Investment Banking and Brokerage | 0.72% | |
| Diversified Capital Markets | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AIY iFAST | S$6.94 | 5.0% +S$98.3m | 47.7% | PE73.2x | |
| 8A1 Forise International | S$0.099 | 16.5% +S$596.4k | -34.0% | PS7.6x |