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Singaporean (SGX) Industrials Sector Analysis

UpdatedJul 08, 2025
DataAggregated Company Financials
Companies145
  • 7D1.3%
  • 3M21.1%
  • 1Y22.5%
  • YTD11.7%

In the last week, the Industrials industry is up 1.5%, with Jardine Matheson Holdings up 3.0%. This means that the industry has gained 22% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 08 Jul 2025S$127.9bS$155.3bS$8.6b9.7x14.8x0.8x
Thu, 05 Jun 2025S$123.8bS$156.0bS$8.6b9.7x14.3x0.8x
Sat, 03 May 2025S$120.2bS$156.8bS$7.7b9.8x15.7x0.8x
Mon, 31 Mar 2025S$119.8bS$158.0bS$7.7b9.5x15.5x0.8x
Wed, 26 Feb 2025S$114.5bS$154.5bS$8.2b10.2x14x0.7x
Fri, 24 Jan 2025S$114.6bS$153.9bS$6.1b10.3x18.9x0.7x
Sun, 22 Dec 2024S$112.0bS$153.9bS$6.1b10.2x18.5x0.7x
Tue, 19 Nov 2024S$110.4bS$153.8bS$6.0b10.7x18.3x0.7x
Thu, 17 Oct 2024S$113.9bS$152.1bS$6.5b10.7x17.6x0.7x
Sat, 14 Sep 2024S$111.4bS$151.8bS$6.4b10.4x17.3x0.7x
Mon, 12 Aug 2024S$104.0bS$151.4bS$6.1b10x17x0.7x
Wed, 10 Jul 2024S$109.8bS$153.6bS$6.7b10.7x16.3x0.7x
Fri, 07 Jun 2024S$110.0bS$153.6bS$6.7b10.3x16.4x0.7x
Sun, 05 May 2024S$110.2bS$152.9bS$6.6b10.5x16.7x0.7x
Tue, 02 Apr 2024S$109.4bS$152.8bS$6.7b10.5x16.4x0.7x
Thu, 29 Feb 2024S$109.8bS$148.7bS$7.4b10.3x14.9x0.7x
Sat, 27 Jan 2024S$112.9bS$151.8bS$7.1b10.2x15.8x0.7x
Mon, 25 Dec 2023S$111.7bS$151.4bS$7.1b10.2x15.7x0.7x
Wed, 22 Nov 2023S$110.9bS$151.9bS$7.1b10.3x15.5x0.7x
Fri, 20 Oct 2023S$115.5bS$150.3bS$6.6b10.9x17.5x0.8x
Sun, 17 Sep 2023S$127.6bS$150.0bS$6.6b11.2x19.4x0.9x
Tue, 15 Aug 2023S$129.8bS$149.7bS$6.6b10x19.6x0.9x
Thu, 13 Jul 2023S$130.4bS$145.3bS$6.5b10.8x20x0.9x
Sat, 10 Jun 2023S$126.4bS$145.5bS$6.5b10.3x19.3x0.9x
Mon, 08 May 2023S$128.1bS$140.3bS$5.2b11x24.8x0.9x
Wed, 05 Apr 2023S$126.6bS$140.4bS$5.2b10.8x24.4x0.9x
Fri, 03 Mar 2023S$122.1bS$140.3bS$7.3b10x16.7x0.9x
Sun, 29 Jan 2023S$126.7bS$138.2bS$8.0b9.5x15.7x0.9x
Tue, 27 Dec 2022S$120.1bS$138.0bS$7.6b9.1x15.8x0.9x
Thu, 24 Nov 2022S$119.3bS$138.4bS$7.6b9.1x15.7x0.9x
Sat, 22 Oct 2022S$112.3bS$133.4bS$6.0b8.8x18.7x0.8x
Mon, 19 Sep 2022S$125.0bS$133.2bS$6.0b9x20.8x0.9x
Wed, 17 Aug 2022S$122.6bS$132.7bS$6.0b9.6x20.4x0.9x
Fri, 15 Jul 2022S$118.1bS$127.4bS$4.7b10.8x25x0.9x
Price to Earnings Ratio

25x


Total Market Cap: S$118.1bTotal Earnings: S$4.7bTotal Revenue: S$127.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrials Sector Price to Earnings3Y Average 17.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Singaporean Industrials 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 14.9x which is lower than its 3-year average PE of 17.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Industrials sector?

SG Market1.76%
Industrials1.26%
Commercial Services3.68%
Electrical2.68%
Industrials2.63%
Trade Distributors2.19%
Building1.91%
Construction1.42%
Logistics1.38%
Marine and Shipping1.22%
Airlines1.15%
Professional Services0.98%
Aerospace & Defense0.37%
Transportation0.16%
Machinery0.11%
Infrastructure0.038%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 22.9x.
    • Analysts are expecting annual earnings growth of 12.3%, which is lower than the prior year's growth of 53.2% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 75% 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
S63 Singapore Technologies EngineeringS$8.214.1%
+S$999.0m		90.0%PE36.5x
BN4 KeppelS$7.703.5%
+S$471.9m		17.2%PE16.8x
C6L Singapore AirlinesS$7.151.9%
+S$410.7m		1.7%PE7.7x
C07 Jardine Cycle & CarriageS$24.962.0%
+S$197.6m		-3.6%PE8.2x
5E2 SeatriumS$2.061.5%
+S$101.6m		46.1%PE44.5x

Latest News

F9D
S$1.55
Boustead Singapore
7D
8.4%
1Y
47.6%
BTM
S$1.30
Penguin International
7D
19.3%
1Y
51.2%
BLR
S$0.07
Darco Water Technologies
7D
-49.6%
1Y
-18.6%
BN4
S$7.70
Keppel
7D
3.5%
1Y
17.2%
NS8U
US$0.17
Hutchison Port Holdings Trust
7D
-1.7%
1Y
34.1%
S63
S$8.21
Singapore Technologies Engineering
7D
4.1%
1Y
90.0%

Calculating The Fair Value Of Singapore Technologies Engineering Ltd (SGX:S63)

Jul 06
Calculating The Fair Value Of Singapore Technologies Engineering Ltd (SGX:S63)
5E2
S$2.06
Seatrium
7D
1.5%
1Y
46.1%
S59
S$3.20
SIA Engineering
7D
1.3%
1Y
35.0%

Here's Why SIA Engineering (SGX:S59) Has Caught The Eye Of Investors

Jul 02
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P52
S$0.89
Pan-United
7D
-1.7%
1Y
62.4%

Returns On Capital Are Showing Encouraging Signs At Pan-United (SGX:P52)

Jun 30
Returns On Capital Are Showing Encouraging Signs At Pan-United (SGX:P52)
C07
S$24.96
Jardine Cycle & Carriage
7D
2.0%
1Y
-3.6%

Are Investors Undervaluing Jardine Cycle & Carriage Limited (SGX:C07) By 46%?

Jun 30
Are Investors Undervaluing Jardine Cycle & Carriage Limited (SGX:C07) By 46%?
BS6
S$2.21
Yangzijiang Shipbuilding (Holdings)
7D
-1.8%
1Y
-5.6%

Here's Why We Think Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Might Deserve Your Attention Today

Jun 27
Here's Why We Think Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Might Deserve Your Attention Today
C6L
S$7.15
Singapore Airlines
7D
1.9%
1Y
1.7%
CHZ
S$0.68
HRnetGroup
7D
-0.7%
1Y
-1.5%
C52
S$1.42
ComfortDelGro
7D
-1.4%
1Y
3.6%

Here's Why We Think ComfortDelGro (SGX:C52) Is Well Worth Watching

May 23
Here's Why We Think ComfortDelGro (SGX:C52) Is Well Worth Watching
J36
US$49.04
Jardine Matheson Holdings
7D
-0.2%
1Y
37.9%
53W
S$0.30
Attika Group
7D
-16.7%
1Y
n/a