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Singaporean (SGX) Tech Sector Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies44
  • 7D0.6%
  • 3M0.4%
  • 1Y-10.3%
  • YTD-3.6%

Last week, the Tech industry hasn't moved much but Silverlake Axis is up 5.8% in that time. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Singaporean Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024S$9.5bS$10.8bS$455.8m11.8x20.9x0.9x
Mon, 25 Mar 2024S$9.4bS$10.9bS$448.7m11.1x20.9x0.9x
Wed, 21 Feb 2024S$9.5bS$11.2bS$478.8m13.5x19.8x0.8x
Fri, 19 Jan 2024S$9.8bS$13.7bS$493.7m14x19.8x0.7x
Sun, 17 Dec 2023S$9.7bS$13.7bS$494.0m14.3x19.6x0.7x
Tue, 14 Nov 2023S$9.6bS$13.8bS$508.8m13.9x18.8x0.7x
Thu, 12 Oct 2023S$9.5bS$14.2bS$605.1m12.3x15.8x0.7x
Sat, 09 Sep 2023S$9.6bS$14.2bS$607.5m13.6x15.8x0.7x
Mon, 07 Aug 2023S$10.1bS$14.7bS$674.6m13.1x15x0.7x
Wed, 05 Jul 2023S$10.2bS$15.0bS$686.7m12x14.8x0.7x
Fri, 02 Jun 2023S$10.1bS$15.0bS$680.6m12.1x14.8x0.7x
Sun, 30 Apr 2023S$10.8bS$15.2bS$736.2m10.5x14.7x0.7x
Tue, 28 Mar 2023S$10.8bS$15.2bS$742.3m10.3x14.6x0.7x
Thu, 23 Feb 2023S$11.6bS$15.2bS$825.9m10.8x14x0.8x
Sat, 21 Jan 2023S$11.8bS$15.2bS$874.4m11.6x13.5x0.8x
Mon, 19 Dec 2022S$11.5bS$15.4bS$877.3m10.7x13.1x0.7x
Wed, 16 Nov 2022S$11.5bS$15.5bS$894.8m9.8x12.8x0.7x
Fri, 14 Oct 2022S$10.8bS$15.2bS$826.1m11.6x13.1x0.7x
Sun, 11 Sep 2022S$12.2bS$15.1bS$828.4m13.1x14.7x0.8x
Tue, 09 Aug 2022S$12.6bS$14.6bS$796.6m14.4x15.8x0.9x
Thu, 07 Jul 2022S$11.7bS$14.5bS$782.7m11.9x15x0.8x
Sat, 04 Jun 2022S$11.5bS$14.1bS$741.3m12.3x15.5x0.8x
Mon, 02 May 2022S$12.3bS$13.9bS$731.0m13.6x16.9x0.9x
Wed, 30 Mar 2022S$12.4bS$13.8bS$733.6m13.6x16.9x0.9x
Fri, 25 Feb 2022S$11.8bS$13.5bS$731.6m13.5x16.1x0.9x
Sun, 23 Jan 2022S$12.6bS$12.9bS$725.7m12.9x17.3x1x
Tue, 21 Dec 2021S$12.4bS$13.0bS$724.2m12.9x17.1x1x
Thu, 18 Nov 2021S$13.3bS$12.9bS$728.4m14.9x18.2x1x
Sat, 16 Oct 2021S$12.9bS$12.8bS$725.5m15.7x17.7x1x
Mon, 13 Sep 2021S$12.6bS$13.2bS$741.1m14.2x17x1x
Wed, 11 Aug 2021S$12.7bS$12.8bS$727.6m15x17.5x1x
Sun, 06 Jun 2021S$12.1bS$12.4bS$690.6m13.2x17.6x1x
Price to Earnings Ratio

18.5x


Total Market Cap: S$12.8bTotal Earnings: S$690.6mTotal Revenue: S$12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Tech Sector Price to Earnings3Y Average 16.4x202220232024
Current Industry PE
  • Investors are optimistic on the Singaporean Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 20.9x which is higher than its 3-year average PE of 16.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 13% per year over the last three years,
  • Revenues have also declined 4.3% 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 Tech sector?

SG Market2.63%
Tech0.57%
Software5.77%
Communications0.94%
Electronic Equipment and Components0.60%
Tech Hardware-0.57%
Semiconductors-0.69%
IT-1.05%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 16.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 46% per year.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 7.7% 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
5CP Silverlake AxisS$0.285.8%
+S$37.7m		-17.9%PE15.2x
558 UMS HoldingsS$1.333.1%
+S$28.4m		29.1%PE15.8x
AWX AEM HoldingsS$2.373.5%
+S$24.7m		-29.9%PS1.5x
V03 VentureS$14.110.4%
+S$17.4m		-16.9%PE15.2x
AWZ Multi-ChemS$2.264.6%
+S$9.0m		24.2%PE7.5x
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K29

S$0.30

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