Has the Singaporean Commercial Services Industry valuation changed over the past few years?
|Sun, 05 Dec 2021||S$2.1b||S$4.1b||S$31.1m||11.4x|
|Tue, 02 Nov 2021||S$2.2b||S$4.1b||S$33.3m||16.7x|
|Thu, 30 Sep 2021||S$2.3b||S$4.1b||S$35.0m||16.7x|
|Sat, 28 Aug 2021||S$2.2b||S$4.1b||S$35.8m||17.1x|
|Sun, 04 Jul 2021||S$2.2b||S$4.1b||S$34.1m||16.2x|
|Wed, 07 Apr 2021||S$2.4b||S$3.8b||S$808.8k||15.2x|
|Sat, 09 Jan 2021||S$2.3b||S$3.4b||-S$37,950,314.17||18.3x|
|Fri, 02 Oct 2020||S$1.9b||S$3.5b||-S$17,321,949.99||21.1x|
|Mon, 06 Jul 2020||S$2.0b||S$3.7b||-S$20,957,302.23||30.7x|
|Thu, 09 Apr 2020||S$1.9b||S$4.0b||-S$570,449.33||26.9x|
|Wed, 01 Jan 2020||S$2.3b||S$3.9b||S$25.8m||18.7x|
|Sat, 05 Oct 2019||S$2.1b||S$4.0b||-S$933,761.72||20x|
|Tue, 09 Jul 2019||S$2.2b||S$4.0b||S$11.0m||19x|
|Mon, 01 Apr 2019||S$2.1b||S$4.1b||S$27.8m||15.8x|
|Thu, 03 Jan 2019||S$1.9b||S$4.1b||S$37.0m||15.3x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 11.5x which is lower than its 3-year average PE of 19.6x. Given that earnings are expected to decline by 3.7%, the lower than average PE seems justified.
Past Earnings Growth: The earnings for companies in the Commercial Services industry have declined 5.6% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Which industries have driven the changes within the Singaporean Commercial Services industry?
|Office Services and Supplies||2.08%|
|Security and Alarm Services||1.37%|
|Diversified Support Services||-0.78%|
|Environmental and Facilities Services||-0.80%|
Industry PE: Investors are most optimistic about the Security and Alarm Services industry, which is trading close to its 3-year average PE ratio of 18.5x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Office Services and Supplies industry, which is trading below its 3-year average of 67.6x.
Forecasted Growth: Despite it being negative, analysts are least pessimistic on the Diversified Support Services industry since they expect its earnings to decline by only 3.7% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 11% per year.
Which companies have driven the market over the last 7 days?
Leader Environmental Technologies
Beng Kuang Marine