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Singaporean (SGX) Utilities Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.8%
  • 3M-4.2%
  • 1Y10.7%
  • YTD-1.8%

Over the last 7 days, the Utilities industry has dropped 1.8%, driven by a pullback from Sembcorp Industries of 1.5%. Over the past 12 months, the industry was up 11%. Earnings are forecast to grow by 5.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026S$13.5bS$10.4bS$1.5b5.9x8.9x1.3x
Wed, 10 Dec 2025S$13.3bS$10.4bS$1.5b5.9x8.8x1.3x
Fri, 07 Nov 2025S$14.1bS$10.4bS$1.5b6.7x9.3x1.4x
Sun, 05 Oct 2025S$13.9bS$10.4bS$1.5b6.7x9.2x1.3x
Tue, 02 Sep 2025S$13.6bS$10.4bS$1.5b6.7x9x1.3x
Thu, 31 Jul 2025S$16.2bS$10.7bS$1.4b5.8x11.8x1.5x
Sat, 28 Jun 2025S$14.7bS$10.6bS$1.4b8.1x10.7x1.4x
Mon, 26 May 2025S$14.2bS$10.7bS$1.4b7.6x10.3x1.3x
Wed, 23 Apr 2025S$13.7bS$10.7bS$1.4b7.5x10x1.3x
Fri, 21 Mar 2025S$13.7bS$10.8bS$1.4b7.6x10x1.3x
Sun, 16 Feb 2025S$12.1bS$10.8bS$1.2b8.7x9.8x1.1x
Tue, 14 Jan 2025S$12.3bS$10.8bS$1.2b8.7x9.8x1.1x
Thu, 12 Dec 2024S$12.4bS$10.8bS$1.2b8.3x10x1.1x
Sat, 09 Nov 2024S$11.4bS$10.8bS$1.3b6.4x9.1x1.1x
Mon, 07 Oct 2024S$12.6bS$10.8bS$1.3b6.4x10x1.2x
Wed, 04 Sep 2024S$11.1bS$10.8bS$1.3b9.2x8.7x1x
Fri, 02 Aug 2024S$11.1bS$11.3bS$1.4b5.9x8x1x
Sun, 30 Jun 2024S$11.3bS$11.4bS$1.4b8.4x8.1x1x
Tue, 28 May 2024S$11.8bS$10.7bS$1.4b9x8.6x1.1x
Thu, 25 Apr 2024S$12.1bS$10.8bS$1.4b9.5x8.9x1.1x
Sat, 23 Mar 2024S$11.7bS$10.8bS$1.4b8x8.6x1.1x
Mon, 19 Feb 2024S$12.7bS$11.6bS$1.4b4.5x9.3x1.1x
Wed, 17 Jan 2024S$15.1bS$13.7bS$1.4b7.6x10.6x1.1x
Fri, 15 Dec 2023S$14.1bS$13.7bS$1.4b6.9x9.9x1x
Sun, 12 Nov 2023S$13.9bS$13.6bS$1.4b6.7x9.8x1x
Tue, 10 Oct 2023S$13.5bS$13.7bS$1.4b6.5x9.6x1x
Thu, 07 Sep 2023S$14.2bS$13.7bS$1.4b7.2x10.1x1x
Sat, 05 Aug 2023S$15.2bS$13.9bS$1.1b6.2x13.7x1.1x
Mon, 03 Jul 2023S$15.6bS$13.8bS$1.1b7.2x14.5x1.1x
Wed, 31 May 2023S$14.0bS$13.8bS$1.1b7x13.1x1x
Fri, 28 Apr 2023S$12.5bS$13.8bS$1.1b6.5x11.7x0.9x
Sun, 26 Mar 2023S$12.6bS$13.8bS$1.1b6.9x11.7x0.9x
Tue, 21 Feb 2023S$12.0bS$15.3bS$1.0b11.3x11.7x0.8x
Thu, 19 Jan 2023S$11.3bS$15.1bS$1.0b9.1x10.8x0.7x
Price to Earnings Ratio

10.8x


Total Market Cap: S$11.3bTotal Earnings: S$1.0bTotal Revenue: S$15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.9x which is lower than its 3-year average PE of 10.1x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 12% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Singaporean Utilities sector?

SG Market1.56%
Utilities-1.82%
Gas Utilities0%0
Renewable Energy-1.20%
Other Utilities-1.80%
Water Utilities-2.37%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.9% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 5.9% 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
5GD Sunpower GroupS$0.532.9%
+S$22.3m		101.9%PE17.2x
YSV Charisma Energy ServicesS$0.1430.8%
+S$9.0m		n/aPE0.7x
BHK SIIC Environment HoldingsS$0.181.7%
+S$7.7m		19.2%PE4x
5CR Asiatic Group (Holdings)S$0.00433.3%
+S$3.2m		33.3%PE5.9x
1F2 Union Gas HoldingsS$0.361.4%
+S$1.6m		14.1%PE10x

Latest News

5GD
S$0.53
Sunpower Group
7D
2.9%
1Y
101.9%
BEH
S$0.053
China International Holdings
7D
-1.9%
1Y
26.2%

We Think China International Holdings (SGX:BEH) Has A Fair Chunk Of Debt

Dec 29
We Think China International Holdings (SGX:BEH) Has A Fair Chunk Of Debt
U96
S$6.00
Sembcorp Industries
7D
-1.3%
1Y
8.9%

U96: India Renewables IPO Will Drive Future Returns Despite Minor Assumption Trim

Analysts have slightly lowered their price target on Sembcorp Industries from S$7.43 to S$7.15, citing marginally softer assumptions on long term revenue growth, profit margins and future valuation multiples. What's in the News Sembcorp Industries is considering an IPO in Mumbai for its Indian renewables arm, Sembcorp Green Infra Limited, with Citi, HSBC and Axis Capital hired to advise on the deal (Reuters).
5IG
S$0.084
Gallant Venture
7D
-4.5%
1Y
13.5%

Gallant Venture Ltd. (SGX:5IG) Might Not Be As Mispriced As It Looks After Plunging 29%

Nov 19
Gallant Venture Ltd. (SGX:5IG) Might Not Be As Mispriced As It Looks After Plunging 29%
YSV
S$0.14
Charisma Energy Services
7D
30.8%
1Y
n/a
5CR
S$0.004
Asiatic Group (Holdings)
7D
33.3%
1Y
33.3%
1F2
S$0.36
Union Gas Holdings
7D
1.4%
1Y
14.1%
U9E
S$0.25
China Everbright Water
7D
-2.0%
1Y
4.2%

China Everbright Water (SGX:U9E) Will Pay A Dividend Of HK$0.0099

Aug 14
China Everbright Water (SGX:U9E) Will Pay A Dividend Of HK$0.0099
BHK
S$0.18
SIIC Environment Holdings
7D
1.7%
1Y
19.2%