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Singaporean (SGX) Utilities Sector Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies11
  • 7D-0.4%
  • 3M-8.7%
  • 1Y13.4%
  • YTD10.8%

Last week, the Utilities industry hasn't moved much but Gallant Venture is up 7.3% in that time. As for the the longer term, the industry is up 16% over the past 12 months. Looking forward, earnings are forecast to grow by 8.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025S$13.6bS$10.4bS$1.5b6.7x9.1x1.3x
Sun, 17 Aug 2025S$13.7bS$10.3bS$1.5b6.7x9.1x1.3x
Tue, 15 Jul 2025S$15.9bS$10.6bS$1.4b7.6x11.6x1.5x
Thu, 12 Jun 2025S$14.5bS$10.7bS$1.4b8.5x10.6x1.4x
Sat, 10 May 2025S$14.2bS$10.7bS$1.4b7.6x10.4x1.3x
Mon, 07 Apr 2025S$13.9bS$10.8bS$1.4b7.4x10.1x1.3x
Wed, 05 Mar 2025S$13.6bS$10.8bS$1.4b7.6x10x1.3x
Fri, 31 Jan 2025S$12.1bS$10.8bS$1.2b8.6x9.7x1.1x
Sun, 29 Dec 2024S$12.1bS$10.8bS$1.2b9x9.8x1.1x
Tue, 26 Nov 2024S$11.8bS$10.8bS$1.2b8.2x9.5x1.1x
Thu, 24 Oct 2024S$12.2bS$10.8bS$1.3b6.4x9.6x1.1x
Sat, 21 Sep 2024S$12.0bS$10.8bS$1.3b9.4x9.5x1.1x
Mon, 19 Aug 2024S$10.7bS$10.8bS$1.3b8.7x8.5x1x
Wed, 17 Jul 2024S$11.1bS$11.3bS$1.4b5.7x8x1x
Fri, 14 Jun 2024S$11.7bS$11.3bS$1.4b8.6x8.3x1x
Sun, 12 May 2024S$11.9bS$10.8bS$1.4b9.1x8.7x1.1x
Tue, 09 Apr 2024S$12.1bS$10.8bS$1.4b8.3x8.9x1.1x
Thu, 07 Mar 2024S$11.3bS$10.7bS$1.4b7.5x8.3x1.1x
Sat, 03 Feb 2024S$12.7bS$11.6bS$1.4b4.5x9.3x1.1x
Mon, 01 Jan 2024S$14.6bS$13.7bS$1.4b7.4x10.3x1.1x
Wed, 29 Nov 2023S$14.0bS$13.7bS$1.4b6.8x9.8x1x
Fri, 27 Oct 2023S$13.0bS$13.7bS$1.4b6.4x9.2x0.9x
Sun, 24 Sep 2023S$14.1bS$13.7bS$1.4b6.7x10x1x
Tue, 22 Aug 2023S$14.8bS$13.7bS$1.4b7x10.5x1.1x
Thu, 20 Jul 2023S$15.3bS$13.7bS$1.1b8.3x14.4x1.1x
Sat, 17 Jun 2023S$15.3bS$13.8bS$1.1b7.1x14.3x1.1x
Mon, 15 May 2023S$13.3bS$13.8bS$1.1b7x12.5x1x
Wed, 12 Apr 2023S$12.6bS$13.8bS$1.1b4.7x11.8x0.9x
Fri, 10 Mar 2023S$12.0bS$13.8bS$1.1b9.2x11.1x0.9x
Sun, 05 Feb 2023S$11.8bS$15.1bS$1.0b9.2x11.2x0.8x
Tue, 03 Jan 2023S$11.2bS$15.1bS$1.1b9.1x10.7x0.7x
Thu, 01 Dec 2022S$10.8bS$15.1bS$1.1b8.8x10.2x0.7x
Sat, 29 Oct 2022S$10.0bS$15.1bS$1.1b6.3x9.4x0.7x
Mon, 26 Sep 2022S$11.1bS$15.2bS$1.1b7.8x10.3x0.7x
Price to Earnings Ratio

10.3x


Total Market Cap: S$11.1bTotal Earnings: S$1.1bTotal Revenue: S$15.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.2x202320242025
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 9.1x which is lower than its 3-year average PE of 10.2x.
  • 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 12% 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 Market-0.32%
Utilities-0.42%
Gas Utilities6.20%
Renewable Energy1.09%
Other Utilities-0.34%
Water Utilities-2.21%
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 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 7.6% 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
BWM Zheneng Jinjiang Environment HoldingS$0.472.2%
+S$14.4m		29.2%PE5x
1F2 Union Gas HoldingsS$0.381.3%
+S$1.6m		10.1%PE10.4x

Latest News

U96
S$6.08
Sembcorp Industries
7D
-0.8%
1Y
11.8%

Renewables Expansion In India And ASEAN Will Shape Future Energy

Sembcorp Industries’ consensus valuation remains stable, as both future P/E and revenue growth forecasts showed negligible movement, resulting in an unchanged analyst price target of SGD7.59. What's in the News Sembcorp Industries initiates a share buyback program authorized to repurchase up to 35,577,792 shares (2% of issued share capital), using internal funds, with repurchased shares either cancelled or held in treasury.
5GD
S$0.47
Sunpower Group
7D
-7.0%
1Y
93.8%

These 4 Measures Indicate That Sunpower Group (SGX:5GD) Is Using Debt In A Risky Way

Sep 03
These 4 Measures Indicate That Sunpower Group (SGX:5GD) Is Using Debt In A Risky Way
I11
S$0.001
Renaissance United
7D
-50.0%
1Y
n/a
1F2
S$0.38
Union Gas Holdings
7D
1.3%
1Y
10.1%
YSV
S$0.072
Charisma Energy Services
7D
-4.0%
1Y
n/a
U9E
S$0.24
China Everbright Water
7D
-2.0%
1Y
6.5%

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
-1.6%
1Y
21.8%
BWM
S$0.47
Zheneng Jinjiang Environment Holding
7D
2.2%
1Y
29.2%