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Singaporean (SGX) Utilities Sector Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.7%
  • 3M-18.1%
  • 1Y-22.8%
  • YTD-8.7%

Over the last 7 days, the Utilities industry has dropped 1.5%, driven by a pullback from Sembcorp Industries of 2.1%. Overall the industry is down 22% in 12 months. Looking forward, earnings are forecast to grow by 7.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jul 2026S$12.6bS$9.8bS$1.5b6.6x8.3x1.3x
Sun, 14 Jun 2026S$13.7bS$9.8bS$1.5b6.5x9.1x1.4x
Tue, 12 May 2026S$13.9bS$9.8bS$1.5b7.1x9.3x1.4x
Thu, 09 Apr 2026S$14.9bS$9.8bS$1.5b6.8x10x1.5x
Sat, 07 Mar 2026S$13.1bS$9.8bS$1.5b6.8x8.8x1.3x
Mon, 02 Feb 2026S$13.6bS$10.4bS$1.5b4.9x9x1.3x
Wed, 31 Dec 2025S$13.6bS$10.4bS$1.5b5.9x9x1.3x
Fri, 28 Nov 2025S$13.8bS$10.4bS$1.5b4.6x9.1x1.3x
Sun, 26 Oct 2025S$14.2bS$10.4bS$1.5b4.8x9.4x1.4x
Tue, 23 Sep 2025S$13.6bS$10.4bS$1.5b6.7x9x1.3x
Thu, 21 Aug 2025S$13.5bS$10.3bS$1.5b9x8.9x1.3x
Sat, 19 Jul 2025S$16.4bS$10.6bS$1.4b5.9x12x1.5x
Mon, 16 Jun 2025S$14.8bS$10.6bS$1.4b5.9x10.8x1.4x
Wed, 14 May 2025S$14.1bS$10.7bS$1.4b7.6x10.3x1.3x
Fri, 11 Apr 2025S$13.3bS$10.8bS$1.4b7.2x9.7x1.2x
Sun, 09 Mar 2025S$13.7bS$10.8bS$1.4b8.3x10.1x1.3x
Tue, 04 Feb 2025S$12.2bS$10.8bS$1.2b8.6x9.8x1.1x
Thu, 02 Jan 2025S$12.3bS$10.8bS$1.2b9x9.9x1.1x
Sat, 30 Nov 2024S$11.7bS$10.8bS$1.2b8.2x9.4x1.1x
Mon, 28 Oct 2024S$12.0bS$10.8bS$1.3b6.4x9.5x1.1x
Wed, 25 Sep 2024S$12.1bS$10.8bS$1.3b9.6x9.6x1.1x
Fri, 23 Aug 2024S$10.8bS$10.8bS$1.3b8.9x8.5x1x
Sun, 21 Jul 2024S$10.9bS$11.3bS$1.4b8.1x7.8x1x
Tue, 18 Jun 2024S$11.8bS$11.4bS$1.4b8.6x8.4x1x
Thu, 16 May 2024S$11.9bS$10.7bS$1.4b9.2x8.8x1.1x
Sat, 13 Apr 2024S$12.0bS$10.8bS$1.4b8.2x8.8x1.1x
Mon, 11 Mar 2024S$11.3bS$10.7bS$1.4b8.2x8.4x1.1x
Wed, 07 Feb 2024S$12.3bS$11.6bS$1.4b4.5x9x1.1x
Fri, 05 Jan 2024S$14.6bS$13.7bS$1.4b7.3x10.3x1.1x
Sun, 03 Dec 2023S$14.2bS$13.7bS$1.4b6.9x10x1x
Tue, 31 Oct 2023S$12.9bS$13.7bS$1.4b6.1x9.2x0.9x
Thu, 28 Sep 2023S$14.0bS$13.7bS$1.4b6.7x10x1x
Sat, 26 Aug 2023S$14.8bS$13.7bS$1.4b7.7x10.6x1.1x
Mon, 24 Jul 2023S$15.5bS$13.7bS$1.1b8.2x14.5x1.1x
Price to Earnings Ratio

14.5x


Total Market Cap: S$15.5bTotal 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 8.4x 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 Market1.80%
Utilities-1.72%
Water Utilities2.04%
Renewable Energy-2.06%
Other Utilities-2.18%
Gas Utilities-5.64%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 23.0x.
    • 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 7.1x.
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 7.8% 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
U9E China Everbright WaterS$0.232.3%
+S$14.3m		-10.0%PE4.6x
BHK SIIC Environment HoldingsS$0.172.4%
+S$10.3m		3.7%PE3.7x
5GD Sunpower GroupS$0.511.0%
+S$4.1m		117.0%PE7x
YSV Khen EnergyS$0.07417.5%
+S$3.0m		8.8%PE0.4x
BEH China International HoldingsS$0.04359.3%
+S$1.3m		10.3%PS0.2x

Latest News

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1F2
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Union Gas Holdings
7D
-1.3%
1Y
16.4%
U96
S$5.48
Sembcorp Industries
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-2.1%
1Y
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5GD
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Sunpower Group
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1.0%
1Y
117.0%
YSV
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Khen Energy
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17.5%
1Y
8.8%
BEH
S$0.043
China International Holdings
7D
59.3%
1Y
10.3%
BHK
S$0.17
SIIC Environment Holdings
7D
2.4%
1Y
3.7%
U9E
S$0.23
China Everbright Water
7D
2.3%
1Y
-10.0%
5IG
S$0.059
Gallant Venture
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-3.3%
1Y
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