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Singaporean (SGX) Machinery Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies25
  • 7D0.8%
  • 3M12.4%
  • 1Y40.4%
  • YTD24.6%

The Machinery industry is up 1.0% in the last week, with Yangzijiang Shipbuilding (Holdings) up 0.8%. Meanwhile, InnoTek actually underperformed within the industry, shrinking 15% in the last week. This takes the industry's 12 month performance to a gain of 38%. As for the next few years, earnings are expected to grow by 9.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026S$31.6bS$26.5bS$2.8b13.2x11.3x1.2x
Sat, 18 Jul 2026S$26.1bS$25.0bS$2.3b14.9x11.5x1x
Mon, 15 Jun 2026S$25.5bS$24.9bS$2.3b15.1x11.2x1x
Wed, 13 May 2026S$29.9bS$24.9bS$2.2b12.7x13.3x1.2x
Fri, 10 Apr 2026S$29.6bS$24.9bS$2.2b10.7x13.2x1.2x
Sun, 08 Mar 2026S$29.5bS$24.9bS$2.2b10.7x13.2x1.2x
Tue, 03 Feb 2026S$25.6bS$23.4bS$2.0b18.2x13x1.1x
Thu, 01 Jan 2026S$25.3bS$23.4bS$2.0b15.4x12.8x1.1x
Sat, 29 Nov 2025S$24.5bS$23.4bS$2.0b15.5x12.4x1x
Mon, 27 Oct 2025S$25.6bS$23.5bS$2.0b14.3x13x1.1x
Wed, 24 Sep 2025S$25.7bS$23.5bS$2.0b14.4x13.1x1.1x
Fri, 22 Aug 2025S$23.2bS$23.4bS$1.9b11.7x11.9x1x
Sun, 20 Jul 2025S$21.1bS$21.4bS$1.7b14.3x12.7x1x
Tue, 17 Jun 2025S$19.0bS$21.4bS$1.6b13.4x11.6x0.9x
Thu, 15 May 2025S$18.5bS$21.4bS$1.8b12.9x10.2x0.9x
Sat, 12 Apr 2025S$16.3bS$21.5bS$1.8b10.7x9x0.8x
Mon, 10 Mar 2025S$19.4bS$21.5bS$1.8b10.9x10.5x0.9x
Wed, 05 Feb 2025S$21.9bS$20.6b-S$301,845,520.7711.4x-72.7x1.1x
Fri, 03 Jan 2025S$21.5bS$20.6b-S$305,313,873.1510.6x-70.3x1x
Sun, 01 Dec 2024S$18.6bS$20.6b-S$319,608,895.9310.3x-58.3x0.9x
Tue, 29 Oct 2024S$19.1bS$20.6b-S$298,200,590.059.9x-63.9x0.9x
Thu, 26 Sep 2024S$19.0bS$20.5b-S$305,914,811.2310.5x-62x0.9x
Sat, 24 Aug 2024S$17.5bS$20.6b-S$308,854,688.348.6x-56.7x0.9x
Mon, 22 Jul 2024S$16.6bS$18.9b-S$897,625,893.8210.2x-18.5x0.9x
Wed, 19 Jun 2024S$17.3bS$18.9b-S$895,341,507.758.9x-19.3x0.9x
Fri, 17 May 2024S$15.0bS$19.4b-S$1,050,377,496.939.1x-14.3x0.8x
Sun, 14 Apr 2024S$15.1bS$19.5b-S$1,046,317,544.599.1x-14.4x0.8x
Tue, 12 Mar 2024S$16.1bS$15.9bS$578.6m9.1x27.9x1x
Thu, 08 Feb 2024S$15.0bS$15.5bS$413.7m9.9x36.3x1x
Sat, 06 Jan 2024S$16.3bS$15.4bS$412.9m9.8x39.5x1.1x
Mon, 04 Dec 2023S$15.0bS$15.4bS$412.8m9.5x36.4x1x
Wed, 01 Nov 2023S$15.7bS$15.4bS$389.7m10.3x40.2x1x
Fri, 29 Sep 2023S$18.0bS$15.5bS$392.4m11x45.8x1.2x
Sun, 27 Aug 2023S$19.0bS$15.4bS$366.2m11.4x51.8x1.2x
Price to Earnings Ratio

51.8x


Total Market Cap: S$19.0bTotal Earnings: S$366.2mTotal Revenue: S$15.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Machinery Industry Price to Earnings3Y Average -0.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Machinery 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 11.2x which is higher than its 3-year average PE of -0.30x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 96% per year over the last three years.
  • Revenues for these companies have grown 20% 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-0.46%
Industrials0.51%
Machinery0.80%
Construction Machinery and Vehicles0.87%
Industrial Machinery-0.56%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 47.9x.
    • Analysts are expecting annual earnings growth of 22.5%, which is higher than its past year's earnings decline of 43.0% 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 3.8x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 43% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 9.1% 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$4.760.8%
+S$157.4m		68.2%PE10.1x
H22 Hong Leong AsiaS$3.192.9%
+S$71.8m		46.3%PE17.1x
5E2 SeatriumS$2.160.5%
+S$33.8m		-5.3%PE13.2x
BTM Penguin InternationalS$1.606.7%
+S$22.2m		35.6%PE9.4x
E28 Frencken GroupS$2.711.1%
+S$12.9m		93.6%PE30.3x

Latest News

M14
S$0.43
InnoTek
7D
-14.7%
1Y
13.0%
1V3
S$0.12
Mooreast Holdings
7D
-2.5%
1Y
-19.2%
E28
S$2.71
Frencken Group
7D
1.1%
1Y
93.6%
BTM
S$1.60
Penguin International
7D
6.7%
1Y
35.6%
1A1
S$0.21
Wong Fong Industries
7D
2.4%
1Y
23.5%
BTX
S$0.34
Anchun International Holdings
7D
-8.1%
1Y
-12.8%
BS6
S$4.76
Yangzijiang Shipbuilding (Holdings)
7D
0.8%
1Y
68.2%
1MZ
S$1.08
Nam Cheong
7D
-3.6%
1Y
66.2%
H22
S$3.19
Hong Leong Asia
7D
2.9%
1Y
46.3%
U77
S$0.18
Sarine Technologies
7D
-2.1%
1Y
-7.5%
F13
S$0.094
Fu Yu
7D
-5.1%
1Y
-4.1%
5E2
S$2.16
Seatrium
7D
0.5%
1Y
-5.3%
Narrative Update • Aug 07

5E2: Divestment Gains And Margin Improvements Will Support Future Earnings Confidence

The analyst price target for Seatrium has been revised slightly lower from SGD3.15 to SGD3.00, as analysts factor in a softer revenue outlook while still accounting for a modestly higher profit margin and a broadly steady forward P/E assumption. What’s in the News for Seatrium Seatrium expects a material year on year improvement in net profit for the first half of 2026, mainly driven by divestment gains and progressive margin improvements.
A04
S$0.31
ASL Marine Holdings
7D
-3.1%
1Y
330.6%
580
S$0.08
Santak Holdings
7D
344.4%
1Y
166.7%
M03
S$0.005
Miyoshi
7D
-16.7%
1Y
0%
BLR
S$0.069
Darco Water Technologies
7D
4.5%
1Y
-14.8%