We Think Southern Archipelago (SGX:A33) Is Taking Some Risk With Its Debt
Apr 23
Singaporean (SGX) Commercial Services Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies20
- 7D3.1%
- 3M4.0%
- 1Y-11.6%
- YTD1.3%
Over the last 7 days, the Commercial Services industry has risen 2.2%, driven by gains from Southern Archipelago of 100%. During this same period, the 5E Resources underperformed, falling 6.7%. However, the industry is down 12% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Singaporean Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | S$1.1b | S$1.1b | S$62.1m | 10.6x | 17.4x | 0.9x |
| Sat, 23 Mar 2024 | S$1.1b | S$1.1b | S$62.5m | 9.5x | 16.9x | 0.9x |
| Mon, 19 Feb 2024 | S$1.0b | S$1.1b | S$37.6m | 11.8x | 26.9x | 0.9x |
| Wed, 17 Jan 2024 | S$1.5b | S$1.4b | S$65.3m | 12.4x | 22.7x | 1x |
| Fri, 15 Dec 2023 | S$1.4b | S$1.4b | S$65.2m | 11.5x | 21.9x | 1x |
| Sun, 12 Nov 2023 | S$1.4b | S$1.4b | S$65.4m | 10.9x | 21.8x | 1x |
| Tue, 10 Oct 2023 | S$1.5b | S$1.4b | S$72.6m | 10.6x | 20.4x | 1x |
| Thu, 07 Sep 2023 | S$1.5b | S$1.4b | S$71.9m | 9.9x | 21.5x | 1.1x |
| Sat, 05 Aug 2023 | S$1.6b | S$1.4b | S$72.8m | 10x | 22.1x | 1.1x |
| Mon, 03 Jul 2023 | S$1.6b | S$1.4b | S$74.1m | 10.6x | 21.3x | 1.1x |
| Wed, 31 May 2023 | S$1.6b | S$1.4b | S$74.1m | 10.2x | 21.8x | 1.2x |
| Fri, 28 Apr 2023 | S$1.6b | S$1.4b | S$69.3m | 10.3x | 23.1x | 1.2x |
| Sun, 26 Mar 2023 | S$1.6b | S$1.4b | S$70.3m | 10.2x | 23.1x | 1.2x |
| Tue, 21 Feb 2023 | S$1.6b | S$1.4b | S$41.5m | 10x | 39.3x | 1.2x |
| Thu, 19 Jan 2023 | S$1.7b | S$1.3b | S$49.3m | 9.6x | 34.2x | 1.3x |
| Sat, 17 Dec 2022 | S$1.7b | S$1.3b | S$50.1m | 9.8x | 33.1x | 1.2x |
| Mon, 14 Nov 2022 | S$1.6b | S$1.3b | S$51.0m | 8.9x | 31.7x | 1.2x |
| Wed, 12 Oct 2022 | S$1.6b | S$1.3b | S$51.6m | 8.4x | 30.7x | 1.2x |
| Fri, 09 Sep 2022 | S$1.6b | S$1.4b | S$54.6m | 8x | 28.7x | 1.2x |
| Sun, 07 Aug 2022 | S$1.6b | S$1.4b | S$63.3m | 8.9x | 26x | 1.2x |
| Tue, 05 Jul 2022 | S$1.6b | S$1.4b | S$68.0m | 8.6x | 23.6x | 1.2x |
| Thu, 02 Jun 2022 | S$1.6b | S$1.4b | S$69.1m | 8.7x | 23.4x | 1.2x |
| Sat, 30 Apr 2022 | S$1.7b | S$1.3b | S$64.8m | 10.3x | 26.4x | 1.3x |
| Mon, 28 Mar 2022 | S$2.2b | S$4.7b | S$72.3m | 11.6x | 29.9x | 0.5x |
| Wed, 23 Feb 2022 | S$2.0b | S$4.1b | S$48.5m | 8.2x | 42.1x | 0.5x |
| Fri, 21 Jan 2022 | S$2.0b | S$4.0b | S$44.7m | 11.1x | 45.4x | 0.5x |
| Sun, 19 Dec 2021 | S$2.1b | S$4.1b | S$31.3m | 11.3x | 65.7x | 0.5x |
| Tue, 16 Nov 2021 | S$2.1b | S$4.1b | S$33.8m | 12.4x | 63.4x | 0.5x |
| Thu, 14 Oct 2021 | S$2.4b | S$4.1b | S$34.9m | 17.5x | 68.3x | 0.6x |
| Sat, 11 Sep 2021 | S$2.3b | S$4.1b | S$35.8m | 17x | 63.3x | 0.6x |
| Mon, 09 Aug 2021 | S$2.2b | S$4.1b | S$35.8m | 17.2x | 62.4x | 0.5x |
| Sun, 02 May 2021 | S$2.3b | S$3.8b | S$3.1m | 14x | 761.5x | 0.6x |
Price to Earnings Ratio
761.5x
Current Industry PE
- Investors are pessimistic on the Singaporean Commercial Services 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 17.4x which is lower than its 3-year average PE of 74.0x.
- The industry is trading close to its 3-year average PS ratio of 0.93x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 172% per year over the last three years.
- Meanwhile revenues for these companies have declined 33% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Singaporean Industrials industry?
| SG Market | 3.66% | |
| Industrials | 4.07% | |
| Commercial Services | 3.09% | |
| Diversified Support Services | 4.16% | |
| Commercial Printing | 3.23% | |
| Environmental and Facilities Services | 0.30% | |
| Security and Alarm Services | -2.04% | |
| Office Services and Supplies | -4.85% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 17.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings decline of 9.1% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| A33 Southern Archipelago | S$0.002 | 100.0% +S$27.6m | 100.0% | PE1241x | |
| LS9 Leader Environmental Technologies | S$0.051 | 6.3% +S$4.6m | -30.1% | PS12.6x | |
| WJP VICOM | S$1.36 | 0.7% +S$3.5m | -27.3% | PE17.5x | |
| 5NV Chasen Holdings | S$0.11 | 3.8% +S$1.5m | 107.7% | PE28.3x | |
| ZB9 Union Steel Holdings | S$0.51 | 2.0% +S$1.2m | 121.7% | PE4.8x |
