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Singaporean (SGX) Utilities Sector Analysis

UpdatedApr 25, 2024
DataAggregated Company Financials
Companies9
  • 7D4.1%
  • 3M-0.9%
  • 1Y21.3%
  • YTD2.3%

The Utilities industry is up 4.1% in the last week, with Sembcorp Industries up 1.5%. This takes the industry's 12 month performance to a gain of 21%. In the next few years, earnings are forecast to decline by 1.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 17 Dec 2022S$11.1bS$15.2bS$1.1b9x10.5x0.7x
Mon, 14 Nov 2022S$10.4bS$15.1bS$1.0b7.1x9.9x0.7x
Wed, 12 Oct 2022S$10.4bS$15.2bS$1.1b6.3x9.6x0.7x
Fri, 09 Sep 2022S$11.6bS$15.2bS$1.1b8.3x10.8x0.8x
Sun, 07 Aug 2022S$11.2bS$13.6bS$646.9m11.5x17.3x0.8x
Tue, 05 Jul 2022S$10.8bS$13.4bS$692.1m9.7x15.7x0.8x
Thu, 02 Jun 2022S$10.8bS$13.4bS$684.3m10.5x15.7x0.8x
Sat, 30 Apr 2022S$11.0bS$13.4bS$688.2m10.7x15.9x0.8x
Mon, 28 Mar 2022S$10.6bS$13.4bS$686.6m11.1x15.4x0.8x
Wed, 23 Feb 2022S$10.3bS$11.4bS$670.9m7.7x15.4x0.9x
Fri, 21 Jan 2022S$9.9bS$11.4bS$554.7m6.2x17.9x0.9x
Sun, 19 Dec 2021S$9.3bS$11.5bS$559.0m5.9x16.6x0.8x
Tue, 16 Nov 2021S$9.6bS$11.4bS$553.5m7.5x17.4x0.8x
Thu, 14 Oct 2021S$9.2bS$11.3bS$554.3m6x16.6x0.8x
Sat, 11 Sep 2021S$9.0bS$11.3bS$555.8m5.7x16.3x0.8x
Mon, 09 Aug 2021S$9.1bS$11.3bS$555.8m5.3x16.3x0.8x
Sun, 02 May 2021S$9.4bS$10.8bS$502.4m6x18.8x0.9x
Price to Earnings Ratio

18.8x


Total Market Cap: S$9.4bTotal Earnings: S$502.4mTotal Revenue: S$10.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 13.2x202220232024
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 13.2x.
  • The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 40% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SG Market3.66%
Utilities4.10%
Renewable Energy7.47%
Other Utilities4.29%
Gas Utilities3.75%
Water Utilities0.79%
Electric Utilities0%
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 Water Utilities industry, which is trading close to its 3-year average of 3.6x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Other Utilities industry since they expect its earnings to decline by only 1.7% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 45% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
U96 Sembcorp IndustriesS$5.451.5%
+S$142.6m		27.6%PE9.5x
BWM Zheneng Jinjiang Environment HoldingS$0.357.6%
+S$36.4m		26.8%PE9.8x
U9E China Everbright WaterS$0.232.3%
+S$14.3m		4.7%PE3.1x
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Latest News

U96

S$5.45

Sembcorp Industries

7D

1.5%

1Y

27.6%

1F2

S$0.39

Union Gas Holdings

7D

-1.3%

1Y

16.7%

BWM

S$0.35

Zheneng Jinjiang Environment Holding

7D

7.6%

1Y

26.8%

We Think You Can Look Beyond Zheneng Jinjiang Environment Holding's (SGX:BWM) Lackluster Earnings

Apr 16
We Think You Can Look Beyond Zheneng Jinjiang Environment Holding's (SGX:BWM) Lackluster Earnings

BEH

S$0.069

China International Holdings

7D

-25.8%

1Y

-30.3%

BHK

S$0.16

SIIC Environment Holdings

7D

-0.6%

1Y

-16.0%

U9E

S$0.23

China Everbright Water

7D

2.3%

1Y

4.7%

5IG

S$0.13

Gallant Venture

7D

-0.8%

1Y

-11.6%