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Jun 02
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Singaporean (SGX) Industrials Sector Analysis
UpdatedJun 08, 2025
DataAggregated Company Financials
Companies146
- 7D1.6%
- 3M7.2%
- 1Y17.6%
- YTD8.6%
Over the last 7 days, the Industrials industry has risen 1.6%, driven by gains in Yangzijiang Shipbuilding (Holdings) and Keppel of 8.0% and 5.3%, respectively. This means that the industry has gained 18% over the past year. Looking forward, earnings are forecast to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Sun, 08 Jun 2025 | S$124.9b | S$155.9b | S$8.6b | 9.9x | 14.5x | 0.8x |
| Tue, 06 May 2025 | S$120.3b | S$156.6b | S$7.6b | 9.9x | 15.8x | 0.8x |
| Thu, 03 Apr 2025 | S$118.7b | S$158.1b | S$7.7b | 9.5x | 15.3x | 0.8x |
| Sat, 01 Mar 2025 | S$114.3b | S$156.5b | S$8.3b | 10.2x | 13.8x | 0.7x |
| Mon, 27 Jan 2025 | S$114.7b | S$153.6b | S$6.0b | 10.3x | 19x | 0.7x |
| Wed, 25 Dec 2024 | S$113.1b | S$154.0b | S$6.1b | 10.1x | 18.7x | 0.7x |
| Fri, 22 Nov 2024 | S$112.3b | S$153.8b | S$6.0b | 11x | 18.6x | 0.7x |
| Sun, 20 Oct 2024 | S$114.8b | S$152.1b | S$6.5b | 10.3x | 17.7x | 0.8x |
| Tue, 17 Sep 2024 | S$111.6b | S$151.7b | S$6.4b | 10.2x | 17.3x | 0.7x |
| Thu, 15 Aug 2024 | S$106.1b | S$152.7b | S$6.4b | 9.8x | 16.5x | 0.7x |
| Sat, 13 Jul 2024 | S$110.9b | S$153.4b | S$6.7b | 10.6x | 16.5x | 0.7x |
| Mon, 10 Jun 2024 | S$110.6b | S$153.7b | S$6.7b | 10.3x | 16.4x | 0.7x |
| Wed, 08 May 2024 | S$104.6b | S$153.0b | S$6.6b | 10.4x | 15.8x | 0.7x |
| Fri, 05 Apr 2024 | S$109.1b | S$152.8b | S$6.7b | 10.3x | 16.3x | 0.7x |
| Sun, 03 Mar 2024 | S$110.1b | S$150.7b | S$8.0b | 9.9x | 13.7x | 0.7x |
| Tue, 30 Jan 2024 | S$112.5b | S$151.9b | S$7.1b | 10.3x | 15.7x | 0.7x |
| Thu, 28 Dec 2023 | S$112.6b | S$151.3b | S$7.1b | 10.2x | 15.8x | 0.7x |
| Sat, 25 Nov 2023 | S$110.4b | S$152.0b | S$7.1b | 10.2x | 15.5x | 0.7x |
| Mon, 23 Oct 2023 | S$114.8b | S$150.2b | S$6.6b | 10.9x | 17.4x | 0.8x |
| Wed, 20 Sep 2023 | S$125.6b | S$150.0b | S$6.6b | 11x | 19.1x | 0.8x |
| Fri, 18 Aug 2023 | S$128.7b | S$149.8b | S$6.6b | 10.7x | 19.5x | 0.9x |
| Sun, 16 Jul 2023 | S$132.2b | S$144.9b | S$6.5b | 10.8x | 20.4x | 0.9x |
| Tue, 13 Jun 2023 | S$126.7b | S$145.5b | S$6.5b | 10.5x | 19.4x | 0.9x |
| Thu, 11 May 2023 | S$128.4b | S$140.4b | S$5.2b | 10.9x | 24.7x | 0.9x |
| Sat, 08 Apr 2023 | S$125.2b | S$140.5b | S$5.2b | 10.7x | 24.1x | 0.9x |
| Mon, 06 Mar 2023 | S$121.9b | S$140.1b | S$5.3b | 10x | 22.8x | 0.9x |
| Wed, 01 Feb 2023 | S$125.8b | S$138.4b | S$8.1b | 9.6x | 15.6x | 0.9x |
| Fri, 30 Dec 2022 | S$120.0b | S$138.0b | S$7.6b | 9.5x | 15.8x | 0.9x |
| Sun, 27 Nov 2022 | S$119.7b | S$138.3b | S$7.6b | 9.2x | 15.8x | 0.9x |
| Tue, 25 Oct 2022 | S$112.3b | S$133.4b | S$6.0b | 8.8x | 18.7x | 0.8x |
| Thu, 22 Sep 2022 | S$124.9b | S$133.3b | S$6.0b | 9.2x | 20.8x | 0.9x |
| Sat, 20 Aug 2022 | S$123.3b | S$132.9b | S$6.1b | 9.5x | 20.4x | 0.9x |
| Mon, 18 Jul 2022 | S$118.2b | S$127.2b | S$4.7b | 10.9x | 25.1x | 0.9x |
| Wed, 15 Jun 2022 | S$103.2b | S$127.0b | S$4.7b | 11.3x | 21.9x | 0.8x |
Price to Earnings Ratio
21.9x
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 14.5x which is lower than its 3-year average PE of 18.1x.
- 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 7.1% 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 Market | 1.25% | |
| Industrials | 1.60% | |
| Machinery | 5.22% | |
| Construction | 5.13% | |
| Infrastructure | 3.17% | |
| Professional Services | 2.44% | |
| Logistics | 1.72% | |
| Aerospace & Defense | 1.66% | |
| Trade Distributors | 1.51% | |
| Electrical | 1.40% | |
| Marine and Shipping | 1.34% | |
| Industrials | 0.64% | |
| Building | 0.24% | |
| Commercial Services | -0.47% | |
| Transportation | -0.47% | |
| Airlines | -0.56% | |
Industry PE
- Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio of 22.6x.
- Analysts are expecting annual earnings growth of 12.5%, 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 4.8x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BS6 Yangzijiang Shipbuilding (Holdings) | S$2.29 | 8.0% +S$669.1m | -5.0% | PE7.6x | |
| BN4 Keppel | S$7.15 | 5.3% +S$653.4m | 7.8% | PE15.6x | |
| S63 Singapore Technologies Engineering | S$7.95 | 1.7% +S$405.8m | 94.4% | PE35.3x | |
| S59 SIA Engineering | S$2.94 | 8.9% +S$268.3m | 23.5% | PE23.5x | |
| 5E2 Seatrium | S$2.10 | 2.4% +S$169.3m | 23.5% | PE45.3x |
