Is Manufacturing Integration Technology (SGX:M11) Using Too Much Debt?
Nov 22
Have your own idea? Try our Stock Screener
Singaporean (SGX) Electronic Manufacturing Services Industry Analysis
UpdatedDec 15, 2025
DataAggregated Company Financials
Companies4
- 7D1.0%
- 3M7.2%
- 1Y14.0%
- YTDn/a
Over the last 7 days, the Electronic Manufacturing Services industry has remained flat, although notably Manufacturing Integration Technology declined by 9.3%. As for the the longer term, the industry is up 14% over the past 12 months. Looking forward, earnings are forecast to grow by 5.5% annually.
Industry Valuation and Performance
Has the Singaporean Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Dec 2025 | S$5.2b | S$3.3b | S$297.0m | 13.2x | 17.6x | 1.6x |
| Wed, 12 Nov 2025 | S$5.2b | S$3.3b | S$296.9m | 13.5x | 17.5x | 1.6x |
| Fri, 10 Oct 2025 | S$5.1b | S$3.3b | S$299.6m | 13.3x | 16.9x | 1.5x |
| Sun, 07 Sep 2025 | S$4.7b | S$3.3b | S$299.4m | 12.9x | 15.8x | 1.4x |
| Tue, 05 Aug 2025 | S$4.5b | S$3.5b | S$309.5m | 12.5x | 14.5x | 1.3x |
| Thu, 03 Jul 2025 | S$4.1b | S$3.6b | S$325.3m | 11x | 12.7x | 1.2x |
| Sat, 31 May 2025 | S$3.9b | S$3.6b | S$325.8m | 10.2x | 11.9x | 1.1x |
| Mon, 28 Apr 2025 | S$4.0b | S$3.6b | S$326.2m | 9.3x | 12.2x | 1.1x |
| Wed, 26 Mar 2025 | S$4.5b | S$3.6b | S$341.0m | 9.5x | 13.1x | 1.2x |
| Fri, 21 Feb 2025 | S$4.6b | S$3.9b | S$365.3m | 9.4x | 12.5x | 1.2x |
| Sun, 19 Jan 2025 | S$4.5b | S$3.9b | S$365.9m | 8.5x | 12.3x | 1.2x |
| Tue, 17 Dec 2024 | S$4.6b | S$3.9b | S$365.6m | 8.8x | 12.6x | 1.2x |
| Thu, 14 Nov 2024 | S$4.4b | S$3.9b | S$363.8m | 9.5x | 12.2x | 1.1x |
| Sat, 12 Oct 2024 | S$5.0b | S$4.0b | S$380.4m | 9.7x | 13.2x | 1.3x |
| Mon, 09 Sep 2024 | S$5.0b | S$4.0b | S$380.2m | 9.2x | 13.1x | 1.2x |
| Wed, 07 Aug 2024 | S$5.2b | S$4.2b | S$397.1m | 9.3x | 13x | 1.2x |
| Fri, 05 Jul 2024 | S$5.2b | S$4.2b | S$396.7m | 9.8x | 13x | 1.2x |
| Sun, 02 Jun 2024 | S$5.1b | S$4.2b | S$396.7m | 9.3x | 12.8x | 1.2x |
| Tue, 30 Apr 2024 | S$5.1b | S$4.2b | S$394.7m | 9.4x | 13x | 1.2x |
| Thu, 28 Mar 2024 | S$5.1b | S$4.2b | S$392.0m | 9.4x | 13.1x | 1.2x |
| Sat, 24 Feb 2024 | S$4.9b | S$4.3b | S$392.8m | 9.7x | 12.6x | 1.2x |
| Mon, 22 Jan 2024 | S$4.9b | S$4.5b | S$401.2m | 9.7x | 12.2x | 1.1x |
| Wed, 20 Dec 2023 | S$4.8b | S$4.5b | S$401.1m | 9.5x | 12x | 1.1x |
| Fri, 17 Nov 2023 | S$4.7b | S$4.6b | S$401.4m | 9.4x | 11.7x | 1x |
| Sun, 15 Oct 2023 | S$4.4b | S$4.9b | S$421.6m | 9.9x | 10.5x | 0.9x |
| Tue, 12 Sep 2023 | S$4.5b | S$4.9b | S$421.4m | 10.3x | 10.7x | 0.9x |
| Thu, 10 Aug 2023 | S$4.9b | S$4.9b | S$421.6m | 10.2x | 11.7x | 1x |
| Sat, 08 Jul 2023 | S$5.0b | S$5.0b | S$444.8m | 10.7x | 11.2x | 1x |
| Mon, 05 Jun 2023 | S$5.1b | S$5.0b | S$444.9m | 10.5x | 11.5x | 1x |
| Wed, 03 May 2023 | S$5.8b | S$5.0b | S$454.1m | 10.9x | 12.7x | 1.1x |
| Fri, 31 Mar 2023 | S$5.9b | S$5.0b | S$454.0m | 11.1x | 13.1x | 1.2x |
| Sun, 26 Feb 2023 | S$6.4b | S$5.1b | S$458.6m | 12.8x | 13.9x | 1.3x |
| Tue, 24 Jan 2023 | S$6.4b | S$4.9b | S$476.6m | 13x | 13.4x | 1.3x |
| Thu, 22 Dec 2022 | S$6.0b | S$5.0b | S$477.2m | 12.1x | 12.5x | 1.2x |
Price to Earnings Ratio
12.5x
Current Industry PE
- Investors are optimistic on the Singaporean Electronic Manufacturing Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.6x which is higher than its 3-year average PE of 12.9x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have declined 15% 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 Comparison
How does Singaporean Electronic Manufacturing Services compare with similar industries?
| SG Market | 0.93% | |
| Tech | 0.66% | |
| Electronic Equipment and Components | 0.48% | |
| Electronic Manufacturing Services | 0.98% | |
| Technology Distributors | 0.30% | |
| Electronic Equipment and Instruments | -0.13% | |
| Electronic Components | -6.36% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BN2 Valuetronics Holdings | S$0.86 | 0.6% +S$2.2m | 38.4% | PE13.2x |