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Singaporean (SGX) Industrials Sector Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies147
  • 7D-2.2%
  • 3M1.9%
  • 1Y8.7%
  • YTD5.5%

Over the last 7 days, the Industrials industry has dropped 2.2%, driven by a pullback from Jardine Matheson Holdings of 7.1%. Meanwhile, Hutchison Port Holdings Trust actually outperformed within the industry, gaining 9.8% in the last week. This takes the industry's 12 month performance to a gain of 8.7%. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 12 Jun 2022S$106.7bS$127.0bS$4.7b11.3x22.7x0.8x
Tue, 10 May 2022S$107.8bS$123.7bS$4.2b11.2x25.6x0.9x
Thu, 07 Apr 2022S$111.3bS$127.4bS$4.0b11.3x28x0.9x
Sat, 05 Mar 2022S$106.0bS$125.4bS$2.4b11.3x43.7x0.8x
Mon, 31 Jan 2022S$102.0bS$118.0bS$1.7b11.7x60.9x0.9x
Wed, 29 Dec 2021S$101.0bS$116.1bS$956.5m12.7x105.6x0.9x
Price to Earnings Ratio

105.6x


Total Market Cap: S$101.0bTotal Earnings: S$956.5mTotal Revenue: S$116.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrials Sector Price to Earnings3Y Average 23.3x202220232024
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 18.5x which is lower than its 3-year average PE of 23.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 85% per year over the last three years.
  • Revenues for these companies have grown 9.8% 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 Market-2.14%
Industrials-2.17%
Electrical1.15%
Trade Distributors0.49%
Infrastructure0.47%
Aerospace & Defense0%
Professional Services-0.089%
Transportation-0.56%
Airlines-0.62%
Construction-1.01%
Building-1.20%
Commercial Services-1.34%
Logistics-1.50%
Marine and Shipping-1.96%
Machinery-2.08%
Industrials-4.81%
Industry PE
  • Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 43.0x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 11.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electrical industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Airlines industry is expected to see its earnings decline by 22% 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
NS8U Hutchison Port Holdings TrustUS$0.179.8%
+US$130.7m		13.5%PE38.4x
JLB Grand Venture TechnologyS$0.7627.7%
+S$56.0m		40.7%PE40x
D8DU First Ship Lease TrustS$0.04612.2%
+S$8.8m		-8.0%PE18.6x
G20 GP IndustriesS$0.493.1%
+S$7.3m		n/aPS0.2x
V5Q Soilbuild Construction GroupS$0.795.3%
+S$6.6m		n/aPE9.8x
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Latest News

JLB

S$0.76

Grand Venture Technology

7D

27.7%

1Y

40.7%

Investors Appear Satisfied With Grand Venture Technology Limited's (SGX:JLB) Prospects As Shares Rocket 28%

Dec 19
Investors Appear Satisfied With Grand Venture Technology Limited's (SGX:JLB) Prospects As Shares Rocket 28%

5E2

S$1.91

Seatrium

7D

-5.0%

1Y

-14.7%

Does Seatrium (SGX:5E2) Have A Healthy Balance Sheet?

Dec 17
Does Seatrium (SGX:5E2) Have A Healthy Balance Sheet?

BIP

S$0.06

Vibrant Group

7D

15.4%

1Y

15.4%

J36

US$40.23

Jardine Matheson Holdings

7D

-7.1%

1Y

1.4%

V5Q

S$0.79

Soilbuild Construction Group

7D

5.3%

1Y

n/a

BS6

S$2.85

Yangzijiang Shipbuilding (Holdings)

7D

-1.0%

1Y

96.6%

Investors Holding Back On Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6)

Dec 07
Investors Holding Back On Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6)

BTM

S$0.89

Penguin International

7D

2.9%

1Y

3.5%

C07

S$28.00

Jardine Cycle & Carriage

7D

-3.7%

1Y

-1.3%

Is Jardine Cycle & Carriage (SGX:C07) Using Too Much Debt?

Dec 04
Is Jardine Cycle & Carriage (SGX:C07) Using Too Much Debt?

C6L

S$6.38

Singapore Airlines

7D

-0.6%

1Y

-0.8%

Does Singapore Airlines (SGX:C6L) Have A Healthy Balance Sheet?

Nov 30
Does Singapore Airlines (SGX:C6L) Have A Healthy Balance Sheet?

NS8U

US$0.17

Hutchison Port Holdings Trust

7D

9.8%

1Y

13.5%

S58

S$3.59

SATS

7D

-2.2%

1Y

34.0%

G20

S$0.49

GP Industries

7D

3.1%

1Y

n/a

E3B

S$0.42

Wee Hur Holdings

7D

-10.5%

1Y

117.9%

Wee Hur Holdings Ltd. (SGX:E3B) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Nov 12
Wee Hur Holdings Ltd. (SGX:E3B) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

D8DU

S$0.046

First Ship Lease Trust

7D

12.2%

1Y

-8.0%

Pinning Down First Ship Lease Trust's (SGX:D8DU) P/E Is Difficult Right Now

Nov 04
Pinning Down First Ship Lease Trust's (SGX:D8DU) P/E Is Difficult Right Now

BN4

S$6.70

Keppel

7D

-2.8%

1Y

-3.0%

Keppel (SGX:BN4) Shareholders Will Want The ROCE Trajectory To Continue

Oct 08
Keppel (SGX:BN4) Shareholders Will Want The ROCE Trajectory To Continue

5HV

S$0.043

Koh Brothers Eco Engineering

7D

4.9%

1Y

79.2%