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Singaporean (SGX) Utilities Sector Analysis
UpdatedAug 21, 2025
DataAggregated Company Financials
Companies11
- 7D-4.2%
- 3M-6.2%
- 1Y25.2%
- YTD9.4%
Over the last 7 days, the Utilities industry has dropped 2.9%, driven by Sembcorp Industries declining 5.0%. On the other hand Sunpower Group is actually up 28%. This takes the industry's 12 month performance to a gain of 26%. As for the next few years, earnings are expected to grow by 8.2% per annum.
Sector Valuation and Performance
Has the Singaporean Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Aug 2025 | S$13.5b | S$10.3b | S$1.5b | 9x | 8.9x | 1.3x |
| Sat, 19 Jul 2025 | S$16.4b | S$10.6b | S$1.4b | 5.9x | 12x | 1.5x |
| Mon, 16 Jun 2025 | S$14.8b | S$10.6b | S$1.4b | 5.9x | 10.8x | 1.4x |
| Wed, 14 May 2025 | S$14.1b | S$10.7b | S$1.4b | 7.6x | 10.3x | 1.3x |
| Fri, 11 Apr 2025 | S$13.3b | S$10.8b | S$1.4b | 7.2x | 9.7x | 1.2x |
| Sun, 09 Mar 2025 | S$13.7b | S$10.8b | S$1.4b | 8.3x | 10.1x | 1.3x |
| Tue, 04 Feb 2025 | S$12.2b | S$10.8b | S$1.2b | 8.6x | 9.8x | 1.1x |
| Thu, 02 Jan 2025 | S$12.3b | S$10.8b | S$1.2b | 9x | 9.9x | 1.1x |
| Sat, 30 Nov 2024 | S$11.7b | S$10.8b | S$1.2b | 8.2x | 9.4x | 1.1x |
| Mon, 28 Oct 2024 | S$12.0b | S$10.8b | S$1.3b | 6.4x | 9.5x | 1.1x |
| Wed, 25 Sep 2024 | S$12.1b | S$10.8b | S$1.3b | 9.6x | 9.6x | 1.1x |
| Fri, 23 Aug 2024 | S$10.8b | S$10.8b | S$1.3b | 8.9x | 8.5x | 1x |
| Sun, 21 Jul 2024 | S$10.9b | S$11.3b | S$1.4b | 8.1x | 7.8x | 1x |
| Tue, 18 Jun 2024 | S$11.8b | S$11.4b | S$1.4b | 8.6x | 8.4x | 1x |
| Thu, 16 May 2024 | S$11.9b | S$10.7b | S$1.4b | 9.2x | 8.8x | 1.1x |
| Sat, 13 Apr 2024 | S$12.0b | S$10.8b | S$1.4b | 8.2x | 8.8x | 1.1x |
| Mon, 11 Mar 2024 | S$11.3b | S$10.7b | S$1.4b | 8.2x | 8.4x | 1.1x |
| Wed, 07 Feb 2024 | S$12.3b | S$11.6b | S$1.4b | 4.5x | 9x | 1.1x |
| Fri, 05 Jan 2024 | S$14.6b | S$13.7b | S$1.4b | 7.3x | 10.3x | 1.1x |
| Sun, 03 Dec 2023 | S$14.2b | S$13.7b | S$1.4b | 6.9x | 10x | 1x |
| Tue, 31 Oct 2023 | S$12.9b | S$13.7b | S$1.4b | 6.1x | 9.2x | 0.9x |
| Thu, 28 Sep 2023 | S$14.0b | S$13.7b | S$1.4b | 6.7x | 10x | 1x |
| Sat, 26 Aug 2023 | S$14.8b | S$13.7b | S$1.4b | 7.7x | 10.6x | 1.1x |
| Mon, 24 Jul 2023 | S$15.5b | S$13.7b | S$1.1b | 8.2x | 14.5x | 1.1x |
| Wed, 21 Jun 2023 | S$14.4b | S$13.8b | S$1.1b | 7.1x | 13.5x | 1x |
| Fri, 19 May 2023 | S$13.8b | S$13.8b | S$1.1b | 7x | 13x | 1x |
| Sun, 16 Apr 2023 | S$12.5b | S$13.8b | S$1.1b | 4.7x | 11.7x | 0.9x |
| Tue, 14 Mar 2023 | S$11.9b | S$13.8b | S$1.1b | 9.1x | 11.1x | 0.9x |
| Thu, 09 Feb 2023 | S$11.8b | S$15.3b | S$1.0b | 9.4x | 11.5x | 0.8x |
| Sat, 07 Jan 2023 | S$11.3b | S$15.2b | S$1.1b | 9.1x | 10.7x | 0.7x |
| Mon, 05 Dec 2022 | S$11.0b | S$15.1b | S$1.1b | 8.8x | 10.5x | 0.7x |
| Wed, 02 Nov 2022 | S$10.4b | S$15.1b | S$1.1b | 7x | 9.7x | 0.7x |
| Fri, 30 Sep 2022 | S$10.6b | S$15.2b | S$1.1b | 6.9x | 9.8x | 0.7x |
| Sun, 28 Aug 2022 | S$11.6b | S$15.1b | S$1.1b | 8.1x | 10.8x | 0.8x |
Price to Earnings Ratio
10.8x
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 9.0x which is lower than its 3-year average PE of 10.2x.
- The 3-year average PS ratio of 1.0x 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 | -1.01% | |
| Utilities | -4.17% | |
| Water Utilities | 3.65% | |
| Renewable Energy | 0.27% | |
| Other Utilities | -5.27% | |
| Gas Utilities | -10.60% | |
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 8.6x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| U9E China Everbright Water | S$0.26 | 4.0% +S$28.6m | 6.1% | PE4.5x | |
| 5GD Sunpower Group | S$0.35 | 9.2% +S$23.9m | 54.3% | PE11.6x | |
| BWM Zheneng Jinjiang Environment Holding | S$0.47 | 1.1% +S$7.2m | 38.8% | PE5x | |
| 5CR Asiatic Group (Holdings) | S$0.004 | 33.3% +S$3.2m | 33.3% | PE9x | |
| BHK SIIC Environment Holdings | S$0.17 | 0.6% +S$2.6m | 10.3% | PE3.9x |
