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Singaporean (SGX) Utilities Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies11
  • 7D0.8%
  • 3M-2.8%
  • 1Y12.3%
  • YTD-0.7%

Last week, the Utilities industry hasn't moved much but Zheneng Jinjiang Environment Holding is up 13% in that time. The past year has been better, since the industry has gained 12% in that time. Looking forward, earnings are forecast to grow by 5.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026S$13.7bS$10.4bS$1.5b5.9x9.1x1.3x
Tue, 06 Jan 2026S$13.7bS$10.4bS$1.5b4.7x9x1.3x
Thu, 04 Dec 2025S$13.6bS$10.4bS$1.5b5.9x9x1.3x
Sat, 01 Nov 2025S$14.4bS$10.4bS$1.5b6.7x9.5x1.4x
Mon, 29 Sep 2025S$13.4bS$10.4bS$1.5b6.7x8.9x1.3x
Wed, 27 Aug 2025S$13.6bS$10.4bS$1.5b6.7x9.1x1.3x
Fri, 25 Jul 2025S$16.5bS$10.6bS$1.4b5.9x12.1x1.6x
Sun, 22 Jun 2025S$14.9bS$10.7bS$1.4b5.3x10.9x1.4x
Tue, 20 May 2025S$14.3bS$10.7bS$1.4b7.6x10.4x1.3x
Thu, 17 Apr 2025S$13.6bS$10.7bS$1.4b5.6x10x1.3x
Sat, 15 Mar 2025S$13.0bS$10.8bS$1.4b7.6x9.5x1.2x
Mon, 10 Feb 2025S$12.2bS$10.8bS$1.2b8.9x9.8x1.1x
Wed, 08 Jan 2025S$12.4bS$10.8bS$1.2b9.1x10x1.1x
Fri, 06 Dec 2024S$12.5bS$10.8bS$1.2b9.3x10.1x1.2x
Sun, 03 Nov 2024S$11.4bS$10.8bS$1.3b6.4x9x1.1x
Tue, 01 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.9x1.2x
Thu, 29 Aug 2024S$10.6bS$10.8bS$1.3b8.8x8.4x1x
Sat, 27 Jul 2024S$10.8bS$11.3bS$1.4b5.9x7.7x1x
Mon, 24 Jun 2024S$11.8bS$11.4bS$1.4b8.6x8.4x1x
Wed, 22 May 2024S$11.8bS$10.7bS$1.4b9.1x8.7x1.1x
Fri, 19 Apr 2024S$12.0bS$10.8bS$1.4b9.1x8.7x1.1x
Sun, 17 Mar 2024S$11.4bS$10.7bS$1.4b8.3x8.4x1.1x
Tue, 13 Feb 2024S$12.2bS$11.6bS$1.4b4.5x8.9x1.1x
Thu, 11 Jan 2024S$15.0bS$13.7bS$1.4b7.6x10.5x1.1x
Sat, 09 Dec 2023S$13.7bS$13.7bS$1.4b6.6x9.7x1x
Mon, 06 Nov 2023S$13.6bS$13.7bS$1.4b6.6x9.7x1x
Wed, 04 Oct 2023S$14.1bS$13.7bS$1.4b6.5x10x1x
Fri, 01 Sep 2023S$14.8bS$13.7bS$1.4b7.7x10.6x1.1x
Sun, 30 Jul 2023S$15.2bS$13.9bS$1.1b6.4x13.7x1.1x
Tue, 27 Jun 2023S$14.8bS$13.8bS$1.1b6.7x13.8x1.1x
Thu, 25 May 2023S$13.9bS$13.8bS$1.1b7x13x1x
Sat, 22 Apr 2023S$12.7bS$13.8bS$1.1b6.7x11.9x0.9x
Mon, 20 Mar 2023S$12.5bS$13.8bS$1.1b9.2x11.6x0.9x
Wed, 15 Feb 2023S$11.8bS$15.3bS$1.0b9.3x11.6x0.8x
Price to Earnings Ratio

11.6x


Total Market Cap: S$11.8bTotal Earnings: S$1.0bTotal Revenue: S$15.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10x202420252026
Current Industry PE
  • Investors are relatively neutral on the Singaporean Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.0x.
  • 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 14% 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 Market0.45%
Utilities0.79%
Renewable Energy12.25%
Water Utilities0.86%
Other Utilities0.074%
Gas Utilities-1.25%
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 7.7x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.5% 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 5.5% 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$0.5312.9%
+S$86.0m		16.7%PE5.5x
U96 Sembcorp IndustriesS$6.050.3%
+S$35.6m		11.6%PE10.6x
U9E China Everbright WaterS$0.262.0%
+S$14.3m		10.6%PE4.6x
BHK SIIC Environment HoldingsS$0.181.7%
+S$7.7m		19.6%PE4.1x
5CR Asiatic Group (Holdings)S$0.00433.3%
+S$3.2m		33.3%PE5.9x

Latest News

BWM
S$0.53
Zheneng Jinjiang Environment Holding
7D
12.9%
1Y
16.7%

The Returns At Zheneng Jinjiang Environment Holding (SGX:BWM) Aren't Growing

Feb 06
The Returns At Zheneng Jinjiang Environment Holding (SGX:BWM) Aren't Growing
5CR
S$0.004
Asiatic Group (Holdings)
7D
33.3%
1Y
33.3%
U96
S$6.05
Sembcorp Industries
7D
0.3%
1Y
11.6%
U9E
S$0.26
China Everbright Water
7D
2.0%
1Y
10.6%
5GD
S$0.48
Sunpower Group
7D
-2.0%
1Y
83.0%

Slowing Rates Of Return At Sunpower Group (SGX:5GD) Leave Little Room For Excitement

Jan 15
Slowing Rates Of Return At Sunpower Group (SGX:5GD) Leave Little Room For Excitement
5IG
S$0.071
Gallant Venture
7D
-6.6%
1Y
-17.4%

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$0.12
Charisma Energy Services
7D
-6.3%
1Y
n/a
1F2
S$0.38
Union Gas Holdings
7D
-1.3%
1Y
15.4%
BHK
S$0.18
SIIC Environment Holdings
7D
1.7%
1Y
19.6%