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Singaporean (SGX) Machinery Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies26
  • 7D12.0%
  • 3M25.8%
  • 1Y62.6%
  • YTD21.6%

Over the last 7 days, the Machinery industry has risen 12%, driven by gains from Yangzijiang Shipbuilding (Holdings) of 16%. This takes the industry's 12 month performance to a gain of 63%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026S$30.6bS$24.9bS$2.2b10.7x13.8x1.2x
Tue, 27 Jan 2026S$25.1bS$23.4bS$2.0b17.5x12.8x1.1x
Thu, 25 Dec 2025S$25.1bS$23.4bS$2.0b15.3x12.7x1.1x
Sat, 22 Nov 2025S$24.3bS$23.4bS$2.0b14x12.3x1x
Mon, 20 Oct 2025S$24.0bS$23.5bS$2.0b14x12.2x1x
Wed, 17 Sep 2025S$24.8bS$23.5bS$2.0b14.2x12.7x1.1x
Fri, 15 Aug 2025S$22.9bS$23.3bS$2.0b11x11.7x1x
Sun, 13 Jul 2025S$19.8bS$21.4bS$1.7b13.5x12x0.9x
Tue, 10 Jun 2025S$19.1bS$21.4bS$1.6b13.9x11.6x0.9x
Thu, 08 May 2025S$18.1bS$21.4bS$1.8b12.3x10.1x0.8x
Sat, 05 Apr 2025S$17.9bS$21.5bS$1.8b10.9x9.7x0.8x
Mon, 03 Mar 2025S$19.2bS$21.6bS$1.9b12.5x10.4x0.9x
Wed, 29 Jan 2025S$22.0bS$20.6b-S$302,656,122.6211.5x-72.6x1.1x
Fri, 27 Dec 2024S$21.1bS$20.6b-S$310,695,477.2110.6x-68x1x
Sun, 24 Nov 2024S$19.7bS$20.6b-S$312,357,846.9210.8x-63x1x
Tue, 22 Oct 2024S$19.5bS$20.6b-S$301,923,518.8710.1x-64.5x0.9x
Thu, 19 Sep 2024S$18.7bS$20.5b-S$312,516,821.3410.5x-59.9x0.9x
Sat, 17 Aug 2024S$17.5bS$20.6b-S$306,745,827.849x-57x0.8x
Mon, 15 Jul 2024S$16.5bS$18.8b-S$898,006,386.2510.2x-18.4x0.9x
Wed, 12 Jun 2024S$18.2bS$18.9b-S$896,091,515.369.2x-20.3x1x
Fri, 10 May 2024S$15.7bS$19.5b-S$1,049,422,619.198.9x-14.9x0.8x
Sun, 07 Apr 2024S$15.8bS$19.5b-S$975,770,032.249.8x-16.2x0.8x
Tue, 05 Mar 2024S$15.9bS$16.0bS$590.8m8.8x26.9x1x
Thu, 01 Feb 2024S$15.9bS$15.5bS$419.6m10x37.9x1x
Sat, 30 Dec 2023S$16.4bS$15.4bS$410.1m10.1x40x1.1x
Mon, 27 Nov 2023S$15.5bS$15.5bS$414.6m9.6x37.4x1x
Wed, 25 Oct 2023S$15.9bS$15.5bS$390.5m10.4x40.7x1x
Fri, 22 Sep 2023S$18.5bS$15.5bS$391.3m11.4x47.2x1.2x
Sun, 20 Aug 2023S$18.4bS$15.4bS$370.8m11.1x49.5x1.2x
Tue, 18 Jul 2023S$18.0bS$13.3bS$440.7m10.4x40.8x1.3x
Thu, 15 Jun 2023S$16.3bS$13.4bS$447.7m10.7x36.5x1.2x
Sat, 13 May 2023S$15.7bS$13.5bS$440.2m10.2x35.7x1.2x
Mon, 10 Apr 2023S$15.7bS$13.6bS$454.2m10.8x34.5x1.2x
Wed, 08 Mar 2023S$15.6bS$13.6bS$454.8m10.5x34.2x1.1x
Price to Earnings Ratio

34.2x


Total Market Cap: S$15.6bTotal Earnings: S$454.8mTotal Revenue: S$13.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Machinery Industry Price to Earnings3Y Average 3.6x202420252026
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 13.8x which is higher than its 3-year average PE of 3.6x.
  • 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 70% per year over the last three years.
  • Revenues for these companies have grown 22% 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-0.35%
Industrials3.37%
Machinery12.00%
Construction Machinery and Vehicles12.19%
Industrial Machinery8.45%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 24.7x.
    • 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 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 44% 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$4.3416.4%
+S$2.4b		82.4%PE10.7x
5E2 SeatriumS$2.4011.1%
+S$812.8m		13.7%PE25.1x
E28 Frencken GroupS$2.1614.3%
+S$115.5m		107.7%PE23.7x
BTM Penguin InternationalS$1.7811.3%
+S$39.6m		78.0%PE9.9x
1MZ Nam CheongS$1.396.9%
+S$35.8m		162.3%PE7.1x

Latest News

BTX
S$0.50
Anchun International Holdings
7D
-2.0%
1Y
66.7%
E28
S$2.16
Frencken Group
7D
14.3%
1Y
107.7%
5RC
S$0.045
ES Group (Holdings)
7D
-4.3%
1Y
15.4%
5E2
S$2.40
Seatrium
7D
11.1%
1Y
13.7%

5E2: German Offshore Grid Contract Will Support Long-Term Earnings Resilience

Analysts have inched up their SGD fair value estimate for Seatrium from SGD2.66 to SGD2.69 as they factor in slightly lower discount rates, along with more cautious assumptions on revenue trends, profit margins and future P/E levels. What's in the News GE Vernova and Seatrium consortium awarded a contract by TenneT for BalWin5, a 2.2-gigawatt offshore HVDC grid connection linking German North Sea wind farms to the onshore grid (Key Developments).
M14
S$0.73
InnoTek
7D
-6.4%
1Y
70.9%
H22
S$3.23
Hong Leong Asia
7D
-4.4%
1Y
253.0%
BS6
S$4.34
Yangzijiang Shipbuilding (Holdings)
7D
16.4%
1Y
82.4%
U77
S$0.22
Sarine Technologies
7D
-2.2%
1Y
0%
F13
S$0.10
Fu Yu
7D
2.0%
1Y
-1.0%
BTM
S$1.78
Penguin International
7D
11.3%
1Y
78.0%
B49
S$0.15
World Precision Machinery
7D
10.9%
1Y
-44.7%
G50
S$0.71
Grand Banks Yachts
7D
5.9%
1Y
32.4%
A04
S$0.32
ASL Marine Holdings
7D
-4.5%
1Y
451.7%
1MZ
S$1.39
Nam Cheong
7D
6.9%
1Y
162.3%