Narrative Update • Aug 21
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Singaporean (SGX) Machinery Industry Analysis
UpdatedSep 02, 2026
DataAggregated Company Financials
Companies25
- 7D-0.5%
- 3M15.9%
- 1Y29.8%
- YTD23.5%
Over the last 7 days, the Machinery industry has risen 2.2%, driven by gains from Penguin International of 21%. This means that the industry has gained 30% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 02 Sep 2026 | S$31.3b | S$26.5b | S$2.8b | 13.2x | 11.2x | 1.2x |
| Fri, 31 Jul 2026 | S$27.4b | S$24.8b | S$2.3b | 10.7x | 12x | 1.1x |
| Sun, 28 Jun 2026 | S$25.7b | S$25.0b | S$2.3b | 15.4x | 11.3x | 1x |
| Tue, 26 May 2026 | S$28.4b | S$24.9b | S$2.3b | 11.6x | 12.5x | 1.1x |
| Thu, 23 Apr 2026 | S$30.3b | S$24.7b | S$2.2b | 10.3x | 13.5x | 1.2x |
| Sat, 21 Mar 2026 | S$29.0b | S$24.8b | S$2.2b | 11x | 13x | 1.2x |
| Mon, 16 Feb 2026 | S$25.9b | S$23.2b | S$2.0b | 12.7x | 13.1x | 1.1x |
| Wed, 14 Jan 2026 | S$27.1b | S$23.4b | S$2.0b | 15.4x | 13.7x | 1.2x |
| Fri, 12 Dec 2025 | S$24.8b | S$23.4b | S$2.0b | 15.1x | 12.5x | 1.1x |
| Sun, 09 Nov 2025 | S$24.8b | S$23.4b | S$2.0b | 12.6x | 12.6x | 1.1x |
| Tue, 07 Oct 2025 | S$26.2b | S$23.5b | S$2.0b | 13.7x | 13.3x | 1.1x |
| Thu, 04 Sep 2025 | S$24.4b | S$23.5b | S$2.0b | 12.2x | 12.5x | 1x |
| Sat, 02 Aug 2025 | S$21.4b | S$21.4b | S$1.7b | 14.4x | 12.9x | 1x |
| Mon, 30 Jun 2025 | S$18.9b | S$21.4b | S$1.6b | 14.6x | 11.5x | 0.9x |
| Wed, 28 May 2025 | S$18.0b | S$21.4b | S$1.6b | 14.5x | 10.9x | 0.8x |
| Fri, 25 Apr 2025 | S$17.9b | S$21.4b | S$1.8b | 12x | 9.9x | 0.8x |
| Sun, 23 Mar 2025 | S$19.9b | S$21.6b | S$1.8b | 11.7x | 10.8x | 0.9x |
| Tue, 18 Feb 2025 | S$23.6b | S$20.6b | -S$314,627,157.40 | 12.3x | -75.2x | 1.1x |
| Thu, 16 Jan 2025 | S$21.8b | S$20.6b | -S$305,797,170.95 | 11.5x | -71.3x | 1.1x |
| Sat, 14 Dec 2024 | S$20.8b | S$20.6b | -S$315,071,800.79 | 11.2x | -66x | 1x |
| Mon, 11 Nov 2024 | S$20.0b | S$20.6b | -S$302,125,630.14 | 10.4x | -66.2x | 1x |
| Wed, 09 Oct 2024 | S$19.7b | S$20.6b | -S$301,526,548.29 | 9x | -65.4x | 1x |
| Fri, 06 Sep 2024 | S$18.2b | S$20.5b | -S$311,638,634.17 | 10.3x | -58.4x | 0.9x |
| Sun, 04 Aug 2024 | S$17.4b | S$20.0b | -S$592,974,657.90 | 10.9x | -29.3x | 0.9x |
| Tue, 02 Jul 2024 | S$16.9b | S$18.9b | -S$893,794,246.53 | 9.6x | -18.9x | 0.9x |
| Thu, 30 May 2024 | S$17.7b | S$19.6b | -S$861,516,683.69 | 9.3x | -20.6x | 0.9x |
| Sat, 27 Apr 2024 | S$15.4b | S$19.5b | -S$1,046,745,285.67 | 8.8x | -14.8x | 0.8x |
| Mon, 25 Mar 2024 | S$15.2b | S$19.5b | -S$974,698,085.43 | 9.6x | -15.6x | 0.8x |
| Wed, 21 Feb 2024 | S$15.8b | S$15.5b | S$421.9m | 9.3x | 37.4x | 1x |
| Fri, 19 Jan 2024 | S$16.5b | S$15.4b | S$413.2m | 9.9x | 40x | 1.1x |
| Sun, 17 Dec 2023 | S$15.4b | S$15.4b | S$414.6m | 9.5x | 37.2x | 1x |
| Tue, 14 Nov 2023 | S$15.6b | S$15.4b | S$403.0m | 10x | 38.6x | 1x |
| Thu, 12 Oct 2023 | S$17.5b | S$15.4b | S$389.5m | 10.9x | 44.9x | 1.1x |
| Sat, 09 Sep 2023 | S$18.8b | S$15.4b | S$386.8m | 11.1x | 48.7x | 1.2x |
Price to Earnings Ratio
48.7x
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 11.3x which is higher than its 3-year average PE of -0.80x.
- 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 93% 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 | -0.53% | |
| Industrials | -1.17% | |
| Machinery | -0.55% | |
| Construction Machinery and Vehicles | -0.15% | |
| Industrial Machinery | -8.38% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 49.6x.
- Analysts are expecting annual earnings growth of 23.3%, 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 3.1x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BTM Penguin International | S$1.99 | 20.6% +S$75.4m | 56.7% | PE11.7x | |
| H22 Hong Leong Asia | S$2.98 | 1.7% +S$39.9m | 20.6% | PE16x | |
| 5E2 Seatrium | S$2.17 | 0.5% +S$33.8m | -8.4% | PE13.3x | |
| G50 Grand Banks Yachts | S$0.76 | 3.4% +S$4.7m | 31.3% | PE10.5x | |
| M03 Miyoshi | S$0.006 | 20.0% +S$1.2m | 20.0% | PS0.2x |