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Singaporean (SGX) Machinery Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies26
  • 7D5.3%
  • 3M4.1%
  • 1Y10.4%
  • YTD2.8%

The Machinery industry is up 5.3% in the last week, with Yangzijiang Shipbuilding (Holdings) up 8.5%. This means that the industry has gained 10% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Singaporean Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026S$25.9bS$23.2bS$2.0b12.7x13.1x1.1x
Wed, 14 Jan 2026S$27.1bS$23.4bS$2.0b15.4x13.7x1.2x
Fri, 12 Dec 2025S$24.8bS$23.4bS$2.0b15.1x12.5x1.1x
Sun, 09 Nov 2025S$24.8bS$23.4bS$2.0b12.6x12.6x1.1x
Tue, 07 Oct 2025S$26.2bS$23.5bS$2.0b13.7x13.3x1.1x
Thu, 04 Sep 2025S$24.4bS$23.5bS$2.0b12.2x12.5x1x
Sat, 02 Aug 2025S$21.4bS$21.4bS$1.7b14.4x12.9x1x
Mon, 30 Jun 2025S$18.9bS$21.4bS$1.6b14.6x11.5x0.9x
Wed, 28 May 2025S$18.0bS$21.4bS$1.6b14.5x10.9x0.8x
Fri, 25 Apr 2025S$17.9bS$21.4bS$1.8b12x9.9x0.8x
Sun, 23 Mar 2025S$19.9bS$21.6bS$1.8b11.7x10.8x0.9x
Tue, 18 Feb 2025S$23.6bS$20.6b-S$314,627,157.4012.3x-75.2x1.1x
Thu, 16 Jan 2025S$21.8bS$20.6b-S$305,797,170.9511.5x-71.3x1.1x
Sat, 14 Dec 2024S$20.8bS$20.6b-S$315,071,800.7911.2x-66x1x
Mon, 11 Nov 2024S$20.0bS$20.6b-S$302,125,630.1410.4x-66.2x1x
Wed, 09 Oct 2024S$19.7bS$20.6b-S$301,526,548.299x-65.4x1x
Fri, 06 Sep 2024S$18.2bS$20.5b-S$311,638,634.1710.3x-58.4x0.9x
Sun, 04 Aug 2024S$17.4bS$20.0b-S$592,974,657.9010.9x-29.3x0.9x
Tue, 02 Jul 2024S$16.9bS$18.9b-S$893,794,246.539.6x-18.9x0.9x
Thu, 30 May 2024S$17.7bS$19.6b-S$861,516,683.699.3x-20.6x0.9x
Sat, 27 Apr 2024S$15.4bS$19.5b-S$1,046,745,285.678.8x-14.8x0.8x
Mon, 25 Mar 2024S$15.2bS$19.5b-S$974,698,085.439.6x-15.6x0.8x
Wed, 21 Feb 2024S$15.8bS$15.5bS$421.9m9.3x37.4x1x
Fri, 19 Jan 2024S$16.5bS$15.4bS$413.2m9.9x40x1.1x
Sun, 17 Dec 2023S$15.4bS$15.4bS$414.6m9.5x37.2x1x
Tue, 14 Nov 2023S$15.6bS$15.4bS$403.0m10x38.6x1x
Thu, 12 Oct 2023S$17.5bS$15.4bS$389.5m10.9x44.9x1.1x
Sat, 09 Sep 2023S$18.8bS$15.4bS$386.8m11.1x48.7x1.2x
Mon, 07 Aug 2023S$17.9bS$15.5bS$430.8m10.5x41.6x1.2x
Wed, 05 Jul 2023S$16.6bS$13.4bS$447.4m10.7x37.2x1.2x
Fri, 02 Jun 2023S$15.6bS$13.5bS$455.4m10.1x34.2x1.2x
Sun, 30 Apr 2023S$16.0bS$13.6bS$445.5m10.3x35.9x1.2x
Tue, 28 Mar 2023S$14.7bS$13.6bS$453.0m11.1x32.4x1.1x
Thu, 23 Feb 2023S$12.3bS$14.1bS$537.3m8.4x22.8x0.9x
Price to Earnings Ratio

22.8x


Total Market Cap: S$12.3bTotal Earnings: S$537.3mTotal Revenue: S$14.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Machinery Industry Price to Earnings3Y Average 3.8x202420252026
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 13.1x which is higher than its 3-year average PE of 3.8x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 54% 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 Market0.56%
Industrials3.31%
Machinery5.33%
Industrial Machinery7.73%
Construction Machinery and Vehicles5.20%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 7.8%, which is higher than its past year's earnings decline of 30.3% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 43% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 7.8% 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
BS6 Yangzijiang Shipbuilding (Holdings)S$3.438.5%
+S$1.1b		9.2%PE9.5x
5E2 SeatriumS$2.101.9%
+S$135.5m		-18.6%PE26.8x
E28 Frencken GroupS$1.8712.0%
+S$85.6m		70.0%PE20.6x
BTM Penguin InternationalS$1.469.0%
+S$26.4m		63.1%PE8.1x
A04 ASL Marine HoldingsS$0.326.7%
+S$20.6m		433.3%PE10.9x

Latest News

A04
S$0.32
ASL Marine Holdings
7D
6.7%
1Y
433.3%
G50
S$0.80
Grand Banks Yachts
7D
-1.9%
1Y
42.0%
M03
S$0.005
Miyoshi
7D
-16.7%
1Y
66.7%
5E2
S$2.10
Seatrium
7D
1.9%
1Y
-18.6%

5E2: Offshore Mega Projects Will Support Long-Term Earnings Resilience

Analysts have reduced their fair value estimate for Seatrium from SGD2.73 to SGD2.66, reflecting updated assumptions around revenue growth, profit margins, discount rate and future P/E multiples. What's in the News GE Vernova and Seatrium consortium secured a contract from TenneT for the BalWin5 2.2 GW offshore HVDC grid connection in the German North Sea, intended to transmit power from offshore wind farms to the onshore grid and support Germany's energy transition goals.
E28
S$1.87
Frencken Group
7D
12.0%
1Y
70.0%

Frencken Group Limited's (SGX:E28) 27% Price Boost Is Out Of Tune With Earnings

Feb 10
Frencken Group Limited's (SGX:E28) 27% Price Boost Is Out Of Tune With Earnings
1MZ
S$1.27
Nam Cheong
7D
1.6%
1Y
135.2%
5RC
S$0.047
ES Group (Holdings)
7D
-6.0%
1Y
56.7%
H22
S$3.33
Hong Leong Asia
7D
-1.5%
1Y
252.4%
M14
S$0.79
InnoTek
7D
3.9%
1Y
85.9%

InnoTek Limited's (SGX:M14) Business Is Trailing The Market But Its Shares Aren't

Jan 21
InnoTek Limited's (SGX:M14) Business Is Trailing The Market But Its Shares Aren't
BS6
S$3.43
Yangzijiang Shipbuilding (Holdings)
7D
8.5%
1Y
9.2%

If EPS Growth Is Important To You, Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Presents An Opportunity

Dec 27
If EPS Growth Is Important To You, Yangzijiang Shipbuilding (Holdings) (SGX:BS6) Presents An Opportunity
BTM
S$1.46
Penguin International
7D
9.0%
1Y
63.1%
GU5
S$0.017
China Kunda Technology Holdings
7D
-5.6%
1Y
-15.0%
U77
S$0.22
Sarine Technologies
7D
-2.2%
1Y
-2.2%

Sarine Technologies Ltd.'s (SGX:U77) 32% Share Price Surge Not Quite Adding Up

Sep 18
Sarine Technologies Ltd.'s (SGX:U77) 32% Share Price Surge Not Quite Adding Up
BLR
S$0.078
Darco Water Technologies
7D
-2.5%
1Y
8.3%

Darco Water Technologies Limited's (SGX:BLR) Shares Climb 36% But Its Business Is Yet to Catch Up

Sep 18
Darco Water Technologies Limited's (SGX:BLR) Shares Climb 36% But Its Business Is Yet to Catch Up
1A1
S$0.18
Wong Fong Industries
7D
-0.6%
1Y
37.7%
508
S$0.68
Fuji Offset Plates Manufacturing
7D
7.9%
1Y
172.0%