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Singaporean (SGX) Industrials Sector Analysis

UpdatedJul 20, 2025
DataAggregated Company Financials
Companies145
  • 7D5.1%
  • 3M21.4%
  • 1Y30.5%
  • YTD20.2%

In the last week, the Industrials industry is up 5.1%, with Jardine Matheson Holdings up 9.5%. Meanwhile, Metis Energy actually underperformed within the industry, shrinking 10.0% in the last week. This takes the industry's 12 month performance to a gain of 30%. 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
Mon, 21 Jul 2025S$138.0bS$155.5bS$8.6b10.4x16x0.9x
Wed, 18 Jun 2025S$126.0bS$155.7bS$8.6b10.6x14.6x0.8x
Fri, 16 May 2025S$122.0bS$157.0bS$7.6b10x16.1x0.8x
Sun, 13 Apr 2025S$108.9bS$157.4bS$7.7b9.6x14.2x0.7x
Tue, 11 Mar 2025S$116.2bS$156.9bS$8.2b9.6x14.1x0.7x
Thu, 06 Feb 2025S$113.7bS$153.7bS$6.1b10.2x18.6x0.7x
Sat, 04 Jan 2025S$115.5bS$154.2bS$6.1b10.1x19x0.7x
Mon, 02 Dec 2024S$111.4bS$153.4bS$6.0b10.7x18.5x0.7x
Wed, 30 Oct 2024S$114.1bS$152.5bS$6.5b10.2x17.6x0.7x
Fri, 27 Sep 2024S$113.9bS$151.5bS$6.4b11x17.7x0.8x
Sun, 25 Aug 2024S$109.0bS$152.7bS$6.5b9.6x16.9x0.7x
Tue, 23 Jul 2024S$110.4bS$153.5bS$6.8b10.3x16.3x0.7x
Thu, 20 Jun 2024S$109.7bS$153.6bS$6.7b10.6x16.3x0.7x
Sat, 18 May 2024S$107.8bS$153.4bS$6.8b9.9x15.8x0.7x
Mon, 15 Apr 2024S$109.1bS$153.2bS$6.6b10.4x16.5x0.7x
Wed, 13 Mar 2024S$108.9bS$152.3bS$6.7b9.9x16.4x0.7x
Fri, 09 Feb 2024S$111.3bS$149.7bS$7.1b10.2x15.7x0.7x
Sun, 07 Jan 2024S$113.1bS$151.6bS$7.1b10.3x15.9x0.7x
Tue, 05 Dec 2023S$110.6bS$151.7bS$7.1b10.2x15.5x0.7x
Thu, 02 Nov 2023S$114.5bS$150.2bS$6.6b11.1x17.4x0.8x
Sat, 30 Sep 2023S$124.8bS$150.1bS$6.6b11.1x19x0.8x
Mon, 28 Aug 2023S$127.2bS$149.7bS$6.6b10.7x19.4x0.9x
Wed, 26 Jul 2023S$132.0bS$145.1bS$6.5b10.9x20.3x0.9x
Fri, 23 Jun 2023S$130.0bS$145.5bS$6.5b10.7x19.9x0.9x
Sun, 21 May 2023S$131.5bS$145.4bS$6.5b10.6x20.1x0.9x
Tue, 18 Apr 2023S$126.0bS$140.5bS$5.2b10.6x24.3x0.9x
Thu, 16 Mar 2023S$118.9bS$141.1bS$5.2b10.4x22.7x0.8x
Sat, 11 Feb 2023S$124.2bS$136.1bS$7.7b9.6x16x0.9x
Mon, 09 Jan 2023S$120.0bS$137.7bS$7.6b9.4x15.9x0.9x
Wed, 07 Dec 2022S$120.3bS$137.9bS$7.6b8.9x15.9x0.9x
Fri, 04 Nov 2022S$116.9bS$133.3bS$6.0b8.6x19.5x0.9x
Sun, 02 Oct 2022S$117.3bS$133.9bS$6.1b9x19.4x0.9x
Tue, 30 Aug 2022S$122.7bS$132.9bS$6.0b9.1x20.3x0.9x
Thu, 28 Jul 2022S$120.8bS$127.2bS$4.7b10.7x25.9x0.9x
Price to Earnings Ratio

25.9x


Total Market Cap: S$120.8bTotal Earnings: S$4.7bTotal Revenue: S$127.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrials Sector Price to Earnings3Y Average 17.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.7x.
  • 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 23% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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 Market2.76%
Industrials5.11%
Building10.85%
Construction7.34%
Industrials6.67%
Machinery6.55%
Marine and Shipping6.32%
Trade Distributors5.83%
Commercial Services5.08%
Electrical4.75%
Infrastructure4.38%
Aerospace & Defense3.94%
Logistics3.40%
Airlines2.62%
Professional Services2.35%
Transportation1.87%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 12.2%, 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 28% 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
J36 Jardine Matheson HoldingsUS$53.669.5%
+US$1.4b		49.5%PS0.4x
S63 Singapore Technologies EngineeringS$8.404.0%
+S$999.0m		88.8%PE37.3x
5E2 SeatriumS$2.3812.3%
+S$880.3m		63.0%PE51.4x
BN4 KeppelS$8.084.4%
+S$617.0m		22.8%PE17.6x
C6L Singapore AirlinesS$7.442.6%
+S$614.7m		5.7%PE8.1x

Latest News

C07
S$26.28
Jardine Cycle & Carriage
7D
4.6%
1Y
4.3%

Jardine Cycle & Carriage (SGX:C07) Has Some Way To Go To Become A Multi-Bagger

Jul 21
Jardine Cycle & Carriage (SGX:C07) Has Some Way To Go To Become A Multi-Bagger
S58
S$3.27
SATS
7D
4.8%
1Y
0.9%

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For SATS Ltd.'s (SGX:S58) CEO For Now

Jul 18
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For SATS Ltd.'s (SGX:S58) CEO For Now
5E2
S$2.38
Seatrium
7D
12.3%
1Y
63.0%

Returns At Seatrium (SGX:5E2) Are On The Way Up

Jul 16
Returns At Seatrium (SGX:5E2) Are On The Way Up
SES
S$0.06
Shanaya
7D
-15.5%
1Y
76.5%
C6L
S$7.44
Singapore Airlines
7D
2.6%
1Y
5.7%

Singapore Airlines (SGX:C6L) Has Announced A Dividend Of SGD0.30

Jul 15
Singapore Airlines (SGX:C6L) Has Announced A Dividend Of SGD0.30
S63
S$8.40
Singapore Technologies Engineering
7D
4.0%
1Y
88.8%
BQF
S$0.99
XMH Holdings
7D
-2.5%
1Y
107.3%

XMH Holdings Ltd. (SGX:BQF) Soars 36% But It's A Story Of Risk Vs Reward

Jul 07
XMH Holdings Ltd. (SGX:BQF) Soars 36% But It's A Story Of Risk Vs Reward
BN4
S$8.08
Keppel
7D
4.4%
1Y
22.8%
BKA
S$0.72
Sin Heng Heavy Machinery
7D
-3.4%
1Y
39.8%

Market Might Still Lack Some Conviction On Sin Heng Heavy Machinery Limited (SGX:BKA) Even After 33% Share Price Boost

Jul 04
Market Might Still Lack Some Conviction On Sin Heng Heavy Machinery Limited (SGX:BKA) Even After 33% Share Price Boost
1A1
S$0.17
Wong Fong Industries
7D
-3.4%
1Y
n/a
BS6
S$2.40
Yangzijiang Shipbuilding (Holdings)
7D
3.4%
1Y
3.9%

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
1V3
S$0.12
Mooreast Holdings
7D
-4.0%
1Y
5.2%
J36
US$53.66
Jardine Matheson Holdings
7D
9.5%
1Y
49.5%
U77
S$0.20
Sarine Technologies
7D
-4.7%
1Y
-18.0%

It Looks Like Sarine Technologies Ltd.'s (SGX:U77) CEO May Expect Their Salary To Be Put Under The Microscope

Apr 17
It Looks Like Sarine Technologies Ltd.'s (SGX:U77) CEO May Expect Their Salary To Be Put Under The Microscope
43E
S$0.002
VCPlus
7D
-33.3%
1Y
0%
LS9
S$0.041
Leader Environmental Technologies
7D
-2.4%
1Y
-6.8%