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Apr 22
Singaporean (SGX) Industrials Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies147
- 7D3.1%
- 3M-2.0%
- 1Y-3.3%
- YTD-4.1%
Over the last 7 days, the Industrials industry has risen 3.1%, driven by gains from Singapore Airlines of 5.3%. During this same period, the Marco Polo Marine underperformed, falling 7.0%. In the past year, the industry is down 3.3%. Earnings are forecast to grow by 7.3% annually.
Sector Valuation and Performance
Has the Singaporean Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | S$109.1b | S$153.2b | S$6.6b | 10.7x | 16.5x | 0.7x |
| Fri, 22 Mar 2024 | S$108.2b | S$152.5b | S$6.7b | 10.3x | 16.2x | 0.7x |
| Sun, 18 Feb 2024 | S$114.4b | S$149.8b | S$7.1b | 10.7x | 16.2x | 0.8x |
| Tue, 16 Jan 2024 | S$114.2b | S$151.6b | S$7.1b | 10.3x | 16x | 0.8x |
| Thu, 14 Dec 2023 | S$110.8b | S$151.9b | S$7.2b | 10.1x | 15.5x | 0.7x |
| Sat, 11 Nov 2023 | S$109.2b | S$150.6b | S$7.1b | 10.6x | 15.3x | 0.7x |
| Mon, 09 Oct 2023 | S$122.6b | S$150.0b | S$6.6b | 11.1x | 18.6x | 0.8x |
| Wed, 06 Sep 2023 | S$128.5b | S$149.9b | S$6.6b | 10.8x | 19.6x | 0.9x |
| Fri, 04 Aug 2023 | S$129.2b | S$148.6b | S$6.6b | 10.4x | 19.7x | 0.9x |
| Sun, 02 Jul 2023 | S$128.9b | S$145.7b | S$6.5b | 10.7x | 19.7x | 0.9x |
| Tue, 30 May 2023 | S$122.1b | S$145.7b | S$6.6b | 10x | 18.6x | 0.8x |
| Thu, 27 Apr 2023 | S$126.5b | S$140.5b | S$5.2b | 10.4x | 24.4x | 0.9x |
| Sat, 25 Mar 2023 | S$119.3b | S$140.6b | S$5.2b | 11x | 22.9x | 0.8x |
| Mon, 20 Feb 2023 | S$123.5b | S$136.5b | S$7.8b | 9.5x | 15.9x | 0.9x |
| Wed, 18 Jan 2023 | S$121.4b | S$138.3b | S$8.1b | 9.6x | 15x | 0.9x |
| Fri, 16 Dec 2022 | S$121.1b | S$137.9b | S$7.6b | 9.1x | 16x | 0.9x |
| Sun, 13 Nov 2022 | S$118.3b | S$138.0b | S$7.7b | 9.3x | 15.4x | 0.9x |
| Tue, 11 Oct 2022 | S$118.4b | S$133.7b | S$6.0b | 8.6x | 19.6x | 0.9x |
| Thu, 08 Sep 2022 | S$124.0b | S$133.2b | S$6.1b | 9.1x | 20.5x | 0.9x |
| Sat, 06 Aug 2022 | S$124.1b | S$131.1b | S$5.3b | 10.4x | 23.4x | 0.9x |
| Mon, 04 Jul 2022 | S$119.0b | S$127.2b | S$4.7b | 10.9x | 25.2x | 0.9x |
| Wed, 01 Jun 2022 | S$106.8b | S$125.8b | S$4.6b | 11.6x | 23.1x | 0.8x |
| Fri, 29 Apr 2022 | S$110.5b | S$123.7b | S$4.2b | 11.9x | 26.2x | 0.9x |
| Sun, 27 Mar 2022 | S$110.5b | S$126.9b | S$4.0b | 11x | 27.4x | 0.9x |
| Tue, 22 Feb 2022 | S$107.4b | S$118.3b | S$1.7b | 11.4x | 61.7x | 0.9x |
| Thu, 20 Jan 2022 | S$102.4b | S$116.4b | S$975.4m | 11.8x | 105x | 0.9x |
| Sat, 18 Dec 2021 | S$100.2b | S$116.3b | S$962.7m | 11.7x | 104.1x | 0.9x |
| Mon, 15 Nov 2021 | S$97.7b | S$95.6b | S$255.2m | 12.5x | 383x | 1x |
| Wed, 13 Oct 2021 | S$96.4b | S$94.3b | -S$1,940,231,602.00 | 12x | -49.7x | 1x |
| Fri, 10 Sep 2021 | S$93.6b | S$93.9b | -S$1,974,112,242.82 | 12.3x | -47.4x | 1x |
| Sun, 08 Aug 2021 | S$96.6b | S$94.2b | -S$2,023,192,313.97 | 12.3x | -47.7x | 1x |
| Sat, 01 May 2021 | S$100.3b | S$90.8b | -S$4,087,273,057.70 | 14.1x | -24.5x | 1.1x |
Price to Earnings Ratio
-24.5x
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 16.5x which is lower than its 3-year average PE of 19.8x.
- The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
- Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Industrials sector?
| SG Market | 3.12% | |
| Industrials | 3.11% | |
| Industrials | 4.84% | |
| Marine and Shipping | 4.52% | |
| Airlines | 4.34% | |
| Aerospace & Defense | 3.58% | |
| Commercial Services | 2.16% | |
| Transportation | 1.71% | |
| Building | 0.73% | |
| Infrastructure | 0.55% | |
| Construction | 0.10% | |
| Machinery | -0.24% | |
| Logistics | -0.39% | |
| Professional Services | -0.53% | |
| Electrical | -1.06% | |
| Trade Distributors | -1.23% | |
Industry PE
- Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 52.8x.
- Analysts are expecting annual earnings growth of 30.4%, which is higher than its past year's earnings growth of 8.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Airlines industry is expected to see its earnings decline by 24% 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 | |
|---|---|---|---|---|---|
| C6L Singapore Airlines | S$6.55 | 5.3% +S$1.4b | 12.7% | PE10.1x | |
| J36 Jardine Matheson Holdings | US$38.16 | 6.7% +US$671.5m | -21.5% | PE16x | |
| S51 Seatrium | S$0.086 | 11.7% +S$614.0m | -29.5% | PS0.8x | |
| S63 Singapore Technologies Engineering | S$4.05 | 4.4% +S$530.4m | 12.8% | PE21.5x | |
| BN4 Keppel | S$7.11 | 3.5% +S$425.9m | 11.6% | PE14.3x |
