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Singaporean (SGX) Machinery Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies26
  • 7D3.0%
  • 3M7.3%
  • 1Y12.1%
  • YTD4.0%

Over the last 7 days, the Machinery industry has risen 3.0%, driven by gains from Yangzijiang Shipbuilding (Holdings) of 4.8%. During this same period, the Grand Banks Yachts underperformed, falling 13%. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026S$26.2bS$23.2bS$2.0b12.9x13.2x1.1x
Fri, 16 Jan 2026S$26.9bS$23.4bS$2.0b15.4x13.6x1.1x
Sun, 14 Dec 2025S$25.0bS$23.4bS$2.0b15.1x12.7x1.1x
Tue, 11 Nov 2025S$24.9bS$23.4bS$2.0b12.6x12.6x1.1x
Thu, 09 Oct 2025S$26.7bS$23.5bS$2.0b14.6x13.5x1.1x
Sat, 06 Sep 2025S$24.5bS$23.5bS$2.0b12.2x12.6x1x
Mon, 04 Aug 2025S$21.4bS$22.8bS$1.8b14.4x12.2x0.9x
Wed, 02 Jul 2025S$18.9bS$21.4bS$1.6b14.5x11.5x0.9x
Fri, 30 May 2025S$18.1bS$21.4bS$1.7b13.7x11x0.8x
Sun, 27 Apr 2025S$18.1bS$21.4bS$1.8b11.5x10x0.8x
Tue, 25 Mar 2025S$19.7bS$21.6bS$1.8b11.5x10.7x0.9x
Thu, 20 Feb 2025S$23.8bS$20.6b-S$316,784,633.9912.5x-75.1x1.2x
Sat, 18 Jan 2025S$22.0bS$20.6b-S$306,227,244.4411.5x-71.8x1.1x
Mon, 16 Dec 2024S$20.8bS$20.6b-S$314,468,355.6011.2x-66.1x1x
Wed, 13 Nov 2024S$19.3bS$20.6b-S$305,552,713.4310.1x-63.3x0.9x
Fri, 11 Oct 2024S$19.3bS$20.6b-S$300,276,944.519.8x-64.2x0.9x
Sun, 08 Sep 2024S$17.8bS$20.5b-S$312,341,466.3310x-57x0.9x
Tue, 06 Aug 2024S$16.4bS$20.0b-S$590,238,688.6310.9x-27.8x0.8x
Thu, 04 Jul 2024S$17.0bS$18.9b-S$894,006,443.749.6x-19x0.9x
Sat, 01 Jun 2024S$17.7bS$19.6b-S$861,355,396.269.3x-20.5x0.9x
Mon, 29 Apr 2024S$15.4bS$19.5b-S$1,045,991,230.408.8x-14.8x0.8x
Wed, 27 Mar 2024S$15.5bS$19.4b-S$976,971,496.269.7x-15.9x0.8x
Fri, 23 Feb 2024S$16.0bS$15.4bS$420.6m9.6x38.1x1x
Sun, 21 Jan 2024S$16.6bS$15.5bS$418.7m9.9x39.6x1.1x
Tue, 19 Dec 2023S$15.5bS$15.4bS$413.3m9.5x37.5x1x
Thu, 16 Nov 2023S$15.6bS$15.4bS$401.8m9.9x38.9x1x
Sat, 14 Oct 2023S$17.5bS$15.5bS$392.0m10.9x44.6x1.1x
Mon, 11 Sep 2023S$18.8bS$15.4bS$387.4m11.1x48.6x1.2x
Wed, 09 Aug 2023S$18.3bS$15.5bS$430.8m10.5x42.5x1.2x
Fri, 07 Jul 2023S$16.8bS$13.4bS$447.2m10.8x37.6x1.3x
Sun, 04 Jun 2023S$15.6bS$13.5bS$456.6m10.1x34.2x1.2x
Tue, 02 May 2023S$16.0bS$13.6bS$446.5m10.3x35.9x1.2x
Thu, 30 Mar 2023S$15.4bS$13.6bS$451.4m10.8x34.2x1.1x
Sat, 25 Feb 2023S$12.0bS$14.1bS$260.3m9.1x46x0.9x
Price to Earnings Ratio

46x


Total Market Cap: S$12.0bTotal Earnings: S$260.3mTotal 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 13.2x 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 97% 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-0.34%
Industrials1.75%
Machinery3.01%
Industrial Machinery3.48%
Construction Machinery and Vehicles2.98%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 24.3x.
    • 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 10.0x.
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$3.474.8%
+S$629.7m		10.9%PE9.6x
5E2 SeatriumS$2.111.4%
+S$101.6m		-17.6%PE26.9x
E28 Frencken GroupS$1.915.5%
+S$42.8m		67.5%PE21x
A04 ASL Marine HoldingsS$0.343.1%
+S$10.3m		449.2%PE11.4x
F13 Fu YuS$0.104.1%
+S$3.0m		-4.7%PS0.6x

Latest News

A04
S$0.34
ASL Marine Holdings
7D
3.1%
1Y
449.2%
G50
S$0.70
Grand Banks Yachts
7D
-12.5%
1Y
28.4%
5E2
S$2.11
Seatrium
7D
1.4%
1Y
-17.6%

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.
BTX
S$0.51
Anchun International Holdings
7D
4.1%
1Y
80.4%

Pinning Down Anchun International Holdings Ltd.'s (SGX:BTX) P/S Is Difficult Right Now

Feb 10
Pinning Down Anchun International Holdings Ltd.'s (SGX:BTX) P/S Is Difficult Right Now
E28
S$1.91
Frencken Group
7D
5.5%
1Y
67.5%

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
F13
S$0.10
Fu Yu
7D
4.1%
1Y
-4.7%
1MZ
S$1.32
Nam Cheong
7D
-1.5%
1Y
142.2%
H22
S$3.42
Hong Leong Asia
7D
-0.3%
1Y
258.1%
M14
S$0.81
InnoTek
7D
-0.6%
1Y
92.9%

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$3.47
Yangzijiang Shipbuilding (Holdings)
7D
4.8%
1Y
10.9%

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
0.7%
1Y
63.1%
GU5
S$0.016
China Kunda Technology Holdings
7D
-5.9%
1Y
-23.8%
U77
S$0.23
Sarine Technologies
7D
-2.2%
1Y
2.3%

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
508
S$0.70
Fuji Offset Plates Manufacturing
7D
7.7%
1Y
180.0%