Narrative Update • May 14
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- 7D-2.3%
- 3M8.0%
- 1Y41.8%
- YTD12.8%
Over the last 7 days, the Chemicals industry has remained flat, although notably China Sunsine Chemical Holdings gained 3.8%. The past year has been better, since the industry has gained 49% in that time. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Singaporean Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | S$4.9b | S$3.4b | S$118.9m | 14x | 41.2x | 1.5x |
| Mon, 13 Apr 2026 | S$4.6b | S$3.4b | S$132.2m | 14.6x | 34.5x | 1.4x |
| Wed, 11 Mar 2026 | S$4.4b | S$3.3b | S$131.9m | 13x | 33.5x | 1.3x |
| Fri, 06 Feb 2026 | S$4.4b | S$3.3b | S$153.1m | 11.4x | 29x | 1.3x |
| Sun, 04 Jan 2026 | S$4.3b | S$3.4b | S$205.6m | 11x | 21.1x | 1.3x |
| Tue, 02 Dec 2025 | S$4.2b | S$3.4b | S$205.3m | 11.2x | 20.3x | 1.2x |
| Thu, 30 Oct 2025 | S$4.2b | S$3.4b | S$198.1m | 15.4x | 21x | 1.2x |
| Sat, 27 Sep 2025 | S$4.2b | S$3.4b | S$195.1m | 15.3x | 21.7x | 1.2x |
| Mon, 25 Aug 2025 | S$4.0b | S$3.4b | S$194.3m | 14.4x | 20.6x | 1.2x |
| Wed, 23 Jul 2025 | S$3.9b | S$3.3b | S$91.6m | 27.2x | 42.8x | 1.2x |
| Fri, 20 Jun 2025 | S$3.5b | S$3.3b | S$118.3m | 11.6x | 29.4x | 1.1x |
| Sun, 18 May 2025 | S$3.5b | S$3.3b | S$118.5m | 10.2x | 29.1x | 1.1x |
| Tue, 15 Apr 2025 | S$3.4b | S$3.3b | S$118.5m | 9.5x | 28.8x | 1x |
| Thu, 13 Mar 2025 | S$3.7b | S$3.3b | S$86.5m | 10.2x | 42.2x | 1.1x |
| Sat, 08 Feb 2025 | S$3.8b | S$3.3b | S$59.2m | 15.8x | 63.8x | 1.1x |
| Mon, 06 Jan 2025 | S$3.9b | S$3.0b | S$80.7m | 15.7x | 47.7x | 1.3x |
| Wed, 04 Dec 2024 | S$3.8b | S$3.0b | S$80.4m | 15.4x | 47.7x | 1.3x |
| Fri, 01 Nov 2024 | S$3.8b | S$3.1b | S$78.8m | 34.7x | 48.2x | 1.2x |
| Sun, 29 Sep 2024 | S$4.0b | S$3.0b | S$78.5m | 36.5x | 50.8x | 1.3x |
| Tue, 27 Aug 2024 | S$3.6b | S$3.0b | S$77.8m | 44.5x | 46.3x | 1.2x |
| Thu, 25 Jul 2024 | S$3.8b | S$3.1b | S$135.6m | 29.7x | 27.8x | 1.2x |
| Sat, 22 Jun 2024 | S$3.6b | S$3.1b | S$135.7m | 30x | 26.8x | 1.2x |
| Mon, 20 May 2024 | S$3.5b | S$3.1b | S$129.0m | 28.7x | 27.5x | 1.1x |
| Wed, 17 Apr 2024 | S$3.7b | S$3.2b | S$117.3m | 27.4x | 31.7x | 1.2x |
| Fri, 15 Mar 2024 | S$3.8b | S$3.2b | S$101.1m | 28.5x | 37.5x | 1.2x |
| Sun, 11 Feb 2024 | S$3.8b | S$3.3b | S$157.2m | 27.5x | 24.4x | 1.2x |
| Tue, 09 Jan 2024 | S$1.8b | S$4.8b | S$25.0m | 29.2x | 71.8x | 0.4x |
| Thu, 07 Dec 2023 | S$1.8b | S$4.8b | S$25.2m | 28.4x | 71.3x | 0.4x |
| Sat, 04 Nov 2023 | S$1.8b | S$4.9b | S$56.6m | 11.5x | 32.5x | 0.4x |
| Mon, 02 Oct 2023 | S$1.9b | S$4.9b | S$57.0m | 12.1x | 32.5x | 0.4x |
| Wed, 30 Aug 2023 | S$1.9b | S$4.9b | S$82.9m | 13.9x | 23.1x | 0.4x |
| Fri, 28 Jul 2023 | S$2.0b | S$5.1b | S$169.5m | 8.6x | 12.1x | 0.4x |
| Sun, 25 Jun 2023 | S$2.2b | S$5.2b | S$171.9m | 9.1x | 12.8x | 0.4x |
| Tue, 23 May 2023 | S$2.3b | S$5.2b | S$186.7m | 5.3x | 12.3x | 0.4x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are optimistic on the Singaporean Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 43.0x which is higher than its 3-year average PE of 34.9x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 14% per year over the last three years,
- Revenues have also declined 13% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Singaporean Materials industry?
| SG Market | 0.74% | |
| Materials | -2.31% | |
| Chemicals | -2.26% | |
| Commodity Chemicals | 3.46% | |
| Specialty Chemicals | -3.26% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 64.2x.
- Analysts are expecting annual earnings growth of 2.8%, which is higher than its past year's earnings decline of 13.8% per year.
- Investors are most pessimistic about the Specialty Chemicals industry, which is trading close to its 3-year average of 39.5x.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 17% over the next 5 years.
- However this is lower than its past earnings growth rate of 52% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 2.8% 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 | |
|---|---|---|---|---|---|
| QES China Sunsine Chemical Holdings | S$0.69 | 3.8% +S$23.8m | 26.6% | PE8.7x | |
| C05 Chemical Industries (Far East) | S$0.56 | 4.7% +S$1.9m | 12.0% | PS0.7x |