Narrative Update • Jul 10
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Singaporean (SGX) Machinery Industry Analysis
UpdatedJul 23, 2026
DataAggregated Company Financials
Companies25
- 7D5.8%
- 3M-8.1%
- 1Y29.9%
- YTD10.1%
In the last week, the Machinery industry is up 5.8%, with Yangzijiang Shipbuilding (Holdings) up 7.9%. In the same time, Frencken Group was down 5.2%. In the last 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Thu, 23 Jul 2026 | S$27.9b | S$25.0b | S$2.3b | 15.6x | 12.2x | 1.1x |
| Sat, 20 Jun 2026 | S$27.1b | S$25.0b | S$2.3b | 16.2x | 11.9x | 1.1x |
| Mon, 18 May 2026 | S$29.5b | S$24.9b | S$2.3b | 11.9x | 13x | 1.2x |
| Wed, 15 Apr 2026 | S$29.6b | S$24.9b | S$2.2b | 10.4x | 13.2x | 1.2x |
| Fri, 13 Mar 2026 | S$29.0b | S$24.8b | S$2.2b | 10.8x | 13x | 1.2x |
| Sun, 08 Feb 2026 | S$24.7b | S$23.4b | S$2.0b | 18.2x | 12.5x | 1.1x |
| Tue, 06 Jan 2026 | S$25.6b | S$23.4b | S$2.0b | 15.4x | 12.9x | 1.1x |
| Thu, 04 Dec 2025 | S$24.6b | S$23.4b | S$2.0b | 15.3x | 12.5x | 1.1x |
| Sat, 01 Nov 2025 | S$25.5b | S$23.4b | S$2.0b | 13.8x | 13x | 1.1x |
| Mon, 29 Sep 2025 | S$25.3b | S$23.5b | S$2.0b | 13.9x | 12.9x | 1.1x |
| Wed, 27 Aug 2025 | S$23.9b | S$23.4b | S$2.0b | 12.6x | 12.2x | 1x |
| Fri, 25 Jul 2025 | S$21.9b | S$21.4b | S$1.7b | 14.6x | 13.3x | 1x |
| Sun, 22 Jun 2025 | S$18.9b | S$21.4b | S$1.6b | 13.8x | 11.5x | 0.9x |
| Tue, 20 May 2025 | S$18.2b | S$21.4b | S$1.6b | 12.7x | 11x | 0.9x |
| Thu, 17 Apr 2025 | S$17.0b | S$21.4b | S$1.8b | 10.8x | 9.4x | 0.8x |
| Sat, 15 Mar 2025 | S$18.9b | S$21.6b | S$1.8b | 11.6x | 10.2x | 0.9x |
| Mon, 10 Feb 2025 | S$22.0b | S$20.6b | -S$309,087,685.93 | 11.4x | -71x | 1.1x |
| Wed, 08 Jan 2025 | S$22.1b | S$20.6b | -S$312,649,943.23 | 10.6x | -70.6x | 1.1x |
| Fri, 06 Dec 2024 | S$19.9b | S$20.6b | -S$319,952,383.41 | 10.7x | -62.3x | 1x |
| Sun, 03 Nov 2024 | S$19.1b | S$20.6b | -S$294,484,781.19 | 9.9x | -64.7x | 0.9x |
| Tue, 01 Oct 2024 | S$18.4b | S$20.5b | -S$307,388,371.94 | 9.7x | -59.8x | 0.9x |
| Thu, 29 Aug 2024 | S$17.3b | S$20.5b | -S$310,168,739.21 | 8.8x | -55.8x | 0.8x |
| Sat, 27 Jul 2024 | S$17.9b | S$18.9b | -S$895,620,185.26 | 10.2x | -20x | 0.9x |
| Mon, 24 Jun 2024 | S$17.5b | S$18.9b | -S$893,286,979.98 | 9.3x | -19.6x | 0.9x |
| Wed, 22 May 2024 | S$14.8b | S$19.6b | -S$861,744,430.99 | 9x | -17.2x | 0.8x |
| Fri, 19 Apr 2024 | S$14.7b | S$19.5b | -S$1,045,218,904.04 | 9.1x | -14.1x | 0.8x |
| Sun, 17 Mar 2024 | S$15.3b | S$19.4b | -S$975,425,690.77 | 8.8x | -15.7x | 0.8x |
| Tue, 13 Feb 2024 | S$14.8b | S$15.4b | S$407.6m | 10.2x | 36.4x | 1x |
| Thu, 11 Jan 2024 | S$16.2b | S$15.4b | S$409.2m | 9.8x | 39.5x | 1x |
| Sat, 09 Dec 2023 | S$15.6b | S$15.4b | S$413.6m | 9.6x | 37.8x | 1x |
| Mon, 06 Nov 2023 | S$16.0b | S$15.4b | S$385.0m | 10.4x | 41.5x | 1x |
| Wed, 04 Oct 2023 | S$18.1b | S$15.5b | S$394.0m | 11x | 46x | 1.2x |
| Fri, 01 Sep 2023 | S$19.1b | S$15.4b | S$385.2m | 11.1x | 49.6x | 1.2x |
| Sun, 30 Jul 2023 | S$18.2b | S$15.2b | S$324.2m | 11.1x | 56.2x | 1.2x |
Price to Earnings Ratio
56.2x
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 12.2x which is higher than its 3-year average PE of 0.58x.
- 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 92% 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 | 0.73% | |
| Industrials | 1.48% | |
| Machinery | 5.83% | |
| Construction Machinery and Vehicles | 6.56% | |
| Industrial Machinery | -4.81% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 44.2x.
- Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings decline of 14.0% 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 5.3x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| BS6 Yangzijiang Shipbuilding (Holdings) | S$4.03 | 10.4% +S$1.5b | 59.3% | PE9.6x | |
| 5E2 Seatrium | S$2.10 | 5.0% +S$338.8m | -13.6% | PE22x | |
| H22 Hong Leong Asia | S$2.85 | 8.8% +S$183.6m | 66.7% | PE20.2x | |
| 1MZ Nam Cheong | S$1.23 | 12.8% +S$56.2m | 79.6% | PE4.7x | |
| A04 ASL Marine Holdings | S$0.34 | 3.0% +S$10.3m | 400.0% | PE11.6x |