Sarine Technologies Ltd.'s (SGX:U77) 32% Share Price Surge Not Quite Adding Up
Sep 18
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Singaporean (SGX) Machinery Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies28
- 7D-0.2%
- 3M31.2%
- 1Y32.7%
- YTD15.5%
Last week, the Machinery industry hasn't moved much but ASL Marine Holdings is up 39% in that time. As for the the longer term, the industry is up 33% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Singaporean Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | S$24.7b | S$23.5b | S$2.0b | 14.2x | 12.7x | 1.1x |
| Sun, 17 Aug 2025 | S$23.0b | S$23.4b | S$1.9b | 12.2x | 11.8x | 1x |
| Tue, 15 Jul 2025 | S$19.7b | S$21.4b | S$1.7b | 13.5x | 11.9x | 0.9x |
| Thu, 12 Jun 2025 | S$19.1b | S$21.4b | S$1.6b | 14x | 11.6x | 0.9x |
| Sat, 10 May 2025 | S$18.0b | S$21.4b | S$1.8b | 11.8x | 9.9x | 0.8x |
| Mon, 07 Apr 2025 | S$17.9b | S$21.6b | S$1.8b | 10.9x | 9.7x | 0.8x |
| Wed, 05 Mar 2025 | S$19.1b | S$21.5b | S$1.8b | 12x | 10.4x | 0.9x |
| Fri, 31 Jan 2025 | S$22.0b | S$20.6b | -S$305,201,081.91 | 11.6x | -72x | 1.1x |
| Sun, 29 Dec 2024 | S$21.2b | S$20.6b | -S$310,574,111.40 | 10.6x | -68.2x | 1x |
| Tue, 26 Nov 2024 | S$19.5b | S$20.6b | -S$312,092,793.89 | 10.6x | -62.4x | 0.9x |
| Thu, 24 Oct 2024 | S$19.4b | S$20.6b | -S$298,799,892.85 | 9x | -65x | 0.9x |
| Sat, 21 Sep 2024 | S$19.2b | S$20.5b | -S$307,258,932.71 | 10.6x | -62.4x | 0.9x |
| Mon, 19 Aug 2024 | S$17.5b | S$20.6b | -S$313,522,060.25 | 9x | -55.8x | 0.8x |
| Wed, 17 Jul 2024 | S$17.2b | S$18.8b | -S$897,886,186.88 | 10.2x | -19.2x | 0.9x |
| Fri, 14 Jun 2024 | S$18.0b | S$18.9b | -S$898,140,624.40 | 9.2x | -20x | 1x |
| Sun, 12 May 2024 | S$15.3b | S$19.5b | -S$1,050,686,026.29 | 8.9x | -14.6x | 0.8x |
| Tue, 09 Apr 2024 | S$15.7b | S$19.5b | -S$975,612,399.20 | 9.6x | -16.1x | 0.8x |
| Thu, 07 Mar 2024 | S$15.8b | S$16.0b | S$583.2m | 9.2x | 27x | 1x |
| Sat, 03 Feb 2024 | S$15.7b | S$15.5b | S$408.9m | 10x | 38.5x | 1x |
| Mon, 01 Jan 2024 | S$16.4b | S$15.4b | S$410.0m | 10.1x | 40x | 1.1x |
| Wed, 29 Nov 2023 | S$15.5b | S$15.4b | S$412.7m | 9.6x | 37.4x | 1x |
| Fri, 27 Oct 2023 | S$15.8b | S$15.5b | S$391.7m | 10.2x | 40.4x | 1x |
| Sun, 24 Sep 2023 | S$18.4b | S$15.5b | S$391.1m | 11.3x | 47x | 1.2x |
| Tue, 22 Aug 2023 | S$18.4b | S$15.4b | S$369.2m | 11.1x | 49.8x | 1.2x |
| Thu, 20 Jul 2023 | S$18.1b | S$13.3b | S$438.9m | 10.7x | 41.3x | 1.4x |
| Sat, 17 Jun 2023 | S$16.6b | S$13.4b | S$449.0m | 10.8x | 37x | 1.2x |
| Mon, 15 May 2023 | S$15.7b | S$13.6b | S$462.2m | 10.2x | 34x | 1.2x |
| Wed, 12 Apr 2023 | S$15.5b | S$13.6b | S$452.3m | 11x | 34.2x | 1.1x |
| Fri, 10 Mar 2023 | S$15.2b | S$13.6b | S$455.1m | 10.6x | 33.4x | 1.1x |
| Sun, 05 Feb 2023 | S$12.3b | S$14.1b | S$541.2m | 9.1x | 22.7x | 0.9x |
| Tue, 03 Jan 2023 | S$12.3b | S$14.1b | S$538.9m | 8.2x | 22.8x | 0.9x |
| Thu, 01 Dec 2022 | S$12.5b | S$14.0b | S$526.8m | 8.2x | 23.7x | 0.9x |
| Sat, 29 Oct 2022 | S$11.1b | S$14.1b | S$572.2m | 7.7x | 19.3x | 0.8x |
| Mon, 26 Sep 2022 | S$11.2b | S$14.2b | S$603.5m | 8.5x | 18.5x | 0.8x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are optimistic on the Singaporean Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.7x which is higher than its 3-year average PE of 4.9x.
- The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 18% 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 industry?
| SG Market | 0.21% | |
| Industrials | 1.60% | |
| Machinery | -0.21% | |
| Industrial Machinery | 1.13% | |
| Construction Machinery and Vehicles | -0.29% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 19.6x.
- Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 14.6% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 16.2x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| A04 ASL Marine Holdings | S$0.20 | 38.5% +S$56.3m | 253.4% | PE13.9x | |
| H22 Hong Leong Asia | S$2.46 | 2.5% +S$44.9m | 189.4% | PE19.6x | |
| BS6 Yangzijiang Shipbuilding (Holdings) | S$3.20 | 0.3% +S$39.4m | 19.4% | PE9x | |
| 5E2 Seatrium | S$2.36 | 0.4% +S$33.9m | 35.6% | PE30.1x | |
| E28 Frencken Group | S$1.44 | 2.9% +S$17.1m | 8.3% | PE15.8x |
