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Singaporean (SGX) Utilities Sector Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies10
  • 7D-8.2%
  • 3M-13.3%
  • 1Y-16.4%
  • YTD-5.4%

Over the last 7 days, the Utilities industry has dropped 8.2%, driven by a pullback from Sembcorp Industries of 9.8%. On the other hand Zheneng Jinjiang Environment Holding is actually up 5.4%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 8.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026S$13.0bS$9.8bS$1.5b6.6x8.6x1.3x
Thu, 04 Jun 2026S$14.0bS$9.8bS$1.5b6.5x9.4x1.4x
Sat, 02 May 2026S$14.8bS$9.8bS$1.5b6.9x9.9x1.5x
Mon, 30 Mar 2026S$14.5bS$9.8bS$1.5b7x9.7x1.5x
Wed, 25 Feb 2026S$14.3bS$10.4bS$1.5b10.2x9.5x1.4x
Fri, 23 Jan 2026S$13.5bS$10.4bS$1.5b4.7x8.9x1.3x
Sun, 21 Dec 2025S$13.3bS$10.4bS$1.5b5.9x8.8x1.3x
Tue, 18 Nov 2025S$14.2bS$10.4bS$1.5b5.9x9.4x1.4x
Thu, 16 Oct 2025S$14.0bS$10.4bS$1.5b4.9x9.3x1.3x
Sat, 13 Sep 2025S$13.7bS$10.4bS$1.5b6.7x9.1x1.3x
Mon, 11 Aug 2025S$14.6bS$10.4bS$1.4b6.4x10.2x1.4x
Wed, 09 Jul 2025S$15.8bS$10.6bS$1.4b7.6x11.6x1.5x
Fri, 06 Jun 2025S$14.4bS$10.7bS$1.4b8.4x10.5x1.3x
Sun, 04 May 2025S$14.1bS$10.7bS$1.4b7.6x10.4x1.3x
Tue, 01 Apr 2025S$13.8bS$10.8bS$1.4b7.6x10x1.3x
Thu, 27 Feb 2025S$12.9bS$10.7bS$1.2b8.9x10.6x1.2x
Sat, 25 Jan 2025S$12.3bS$10.8bS$1.2b8.7x9.9x1.1x
Mon, 23 Dec 2024S$11.9bS$10.8bS$1.2b8.2x9.6x1.1x
Wed, 20 Nov 2024S$11.7bS$10.8bS$1.2b8.2x9.4x1.1x
Fri, 18 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.8x1.1x
Sun, 15 Sep 2024S$11.6bS$10.8bS$1.3b9.1x9.2x1.1x
Tue, 13 Aug 2024S$10.8bS$10.8bS$1.3b5.9x8.3x1x
Thu, 11 Jul 2024S$11.3bS$11.4bS$1.4b8.4x8.1x1x
Sat, 08 Jun 2024S$11.7bS$11.3bS$1.4b8.6x8.4x1x
Mon, 06 May 2024S$11.9bS$10.8bS$1.4b9.2x8.7x1.1x
Wed, 03 Apr 2024S$11.9bS$10.8bS$1.4b8x8.7x1.1x
Fri, 01 Mar 2024S$11.7bS$10.8bS$1.4b6.4x8.4x1.1x
Sun, 28 Jan 2024S$14.9bS$13.7bS$1.4b7.5x10.5x1.1x
Tue, 26 Dec 2023S$14.2bS$13.7bS$1.4b7.2x10x1x
Thu, 23 Nov 2023S$14.0bS$13.7bS$1.4b6.7x9.8x1x
Sat, 21 Oct 2023S$12.9bS$13.7bS$1.4b6.3x9.2x0.9x
Mon, 18 Sep 2023S$14.4bS$13.7bS$1.4b7x10.2x1.1x
Wed, 16 Aug 2023S$15.3bS$13.7bS$1.4b7.3x10.9x1.1x
Fri, 14 Jul 2023S$14.9bS$13.7bS$1.1b7x14x1.1x
Price to Earnings Ratio

14x


Total Market Cap: S$14.9bTotal Earnings: S$1.1bTotal Revenue: S$13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 9.6x202420252026
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 8.6x which is lower than its 3-year average PE of 9.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
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 10% 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 Market0.97%
Utilities-8.16%
Renewable Energy5.13%
Gas Utilities3.54%
Water Utilities-0.41%
Other Utilities-10.20%
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 7.2x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings growth rate of 0.9% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 8.0% 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$0.595.4%
+S$43.0m		29.7%PE6.1x
5IG Gallant VentureS$0.0618.9%
+S$27.3m		-29.9%PE31.3x
5GD Sunpower GroupS$0.511.0%
+S$4.1m		119.6%PE7x
1F2 Union Gas HoldingsS$0.402.6%
+S$3.2m		23.4%PE11.9x

Latest News

1F2
S$0.40
Union Gas Holdings
7D
2.6%
1Y
23.4%
U96
S$5.73
Sembcorp Industries
7D
-9.8%
1Y
-23.3%
5GD
S$0.51
Sunpower Group
7D
1.0%
1Y
119.6%
YSV
S$0.082
Khen Energy
7D
-10.9%
1Y
36.7%
BWM
S$0.59
Zheneng Jinjiang Environment Holding
7D
5.4%
1Y
29.7%
BHK
S$0.16
SIIC Environment Holdings
7D
-1.2%
1Y
2.5%
5IG
S$0.061
Gallant Venture
7D
8.9%
1Y
-29.9%