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Singaporean (SGX) Utilities Sector Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies10
- 7D2.8%
- 3M-2.0%
- 1Y-0.4%
- YTD-1.3%
The Utilities industry is up 2.8% in the last week, with Sembcorp Industries up 3.6%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 25% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | S$13.6b | S$10.6b | S$1.0b | 7.2x | 13.1x | 1.3x |
| Tue, 21 Jul 2026 | S$12.3b | S$9.9b | S$1.5b | 6.5x | 8.1x | 1.2x |
| Thu, 18 Jun 2026 | S$14.0b | S$9.8b | S$1.5b | 6.5x | 9.4x | 1.4x |
| Sat, 16 May 2026 | S$13.8b | S$9.8b | S$1.5b | 7.1x | 9.2x | 1.4x |
| Mon, 13 Apr 2026 | S$15.2b | S$9.8b | S$1.5b | 6.6x | 10.2x | 1.5x |
| Wed, 11 Mar 2026 | S$13.1b | S$9.8b | S$1.5b | 6.9x | 8.8x | 1.3x |
| Fri, 06 Feb 2026 | S$13.7b | S$10.4b | S$1.5b | 5.3x | 9.1x | 1.3x |
| Sun, 04 Jan 2026 | S$13.8b | S$10.4b | S$1.5b | 5.9x | 9.1x | 1.3x |
| Tue, 02 Dec 2025 | S$13.7b | S$10.4b | S$1.5b | 4.6x | 9.1x | 1.3x |
| Thu, 30 Oct 2025 | S$14.4b | S$10.4b | S$1.5b | 6.7x | 9.5x | 1.4x |
| Sat, 27 Sep 2025 | S$13.4b | S$10.4b | S$1.5b | 6.7x | 8.9x | 1.3x |
| Mon, 25 Aug 2025 | S$13.7b | S$10.3b | S$1.5b | 6.7x | 9.1x | 1.3x |
| Wed, 23 Jul 2025 | S$16.6b | S$10.6b | S$1.4b | 6x | 12.1x | 1.6x |
| Fri, 20 Jun 2025 | S$14.8b | S$10.7b | S$1.4b | 5.8x | 10.8x | 1.4x |
| Sun, 18 May 2025 | S$14.2b | S$10.7b | S$1.4b | 7.6x | 10.3x | 1.3x |
| Tue, 15 Apr 2025 | S$13.3b | S$10.7b | S$1.4b | 7.4x | 9.7x | 1.2x |
| Thu, 13 Mar 2025 | S$13.2b | S$10.8b | S$1.4b | 8.1x | 9.7x | 1.2x |
| Sat, 08 Feb 2025 | S$12.2b | S$10.8b | S$1.2b | 8.9x | 9.8x | 1.1x |
| Mon, 06 Jan 2025 | S$12.4b | S$10.8b | S$1.2b | 9x | 9.9x | 1.1x |
| Wed, 04 Dec 2024 | S$12.1b | S$10.8b | S$1.2b | 9x | 9.7x | 1.1x |
| Fri, 01 Nov 2024 | S$11.6b | S$10.8b | S$1.3b | 6.4x | 9.2x | 1.1x |
| Sun, 29 Sep 2024 | S$12.4b | S$10.8b | S$1.3b | 6.4x | 9.9x | 1.2x |
| Tue, 27 Aug 2024 | S$10.7b | S$10.8b | S$1.3b | 8.8x | 8.4x | 1x |
| Thu, 25 Jul 2024 | S$11.0b | S$11.3b | S$1.4b | 5.9x | 7.8x | 1x |
| Sat, 22 Jun 2024 | S$11.8b | S$11.4b | S$1.4b | 8.6x | 8.4x | 1x |
| Mon, 20 May 2024 | S$11.9b | S$10.7b | S$1.4b | 9.2x | 8.7x | 1.1x |
| Wed, 17 Apr 2024 | S$11.7b | S$10.8b | S$1.4b | 9x | 8.6x | 1.1x |
| Fri, 15 Mar 2024 | S$11.3b | S$10.7b | S$1.4b | 7.8x | 8.3x | 1.1x |
| Sun, 11 Feb 2024 | S$12.2b | S$11.6b | S$1.4b | 4.5x | 8.9x | 1x |
| Tue, 09 Jan 2024 | S$14.7b | S$13.7b | S$1.4b | 7.4x | 10.4x | 1.1x |
| Thu, 07 Dec 2023 | S$13.7b | S$13.7b | S$1.4b | 6.6x | 9.7x | 1x |
| Sat, 04 Nov 2023 | S$13.6b | S$13.7b | S$1.4b | 6.6x | 9.7x | 1x |
| Mon, 02 Oct 2023 | S$14.0b | S$13.7b | S$1.4b | 6.7x | 9.9x | 1x |
| Wed, 30 Aug 2023 | S$15.0b | S$13.7b | S$1.4b | 7.8x | 10.7x | 1.1x |
Price to Earnings Ratio
10.7x
Current Industry PE
- Investors are optimistic on the Singaporean Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.1x which is higher than its 3-year average PE of 9.5x.
- 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 declined 9.4% per year over the last three years,
- Revenues have also declined 8.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Singaporean Utilities sector?
| SG Market | -1.14% | |
| Utilities | 2.83% | |
| Other Utilities | 3.60% | |
| Water Utilities | 0.45% | |
| Electric Utilities | 0% | 0 |
| Renewable Energy | -0.94% | |
| Gas Utilities | -5.57% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 11.2x.
- Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings decline of 41.3% per year.
- Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.3x.
Forecasted Growth
- Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Water Utilities industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| U96 Sembcorp Industries | S$6.04 | 3.6% +S$373.8m | -1.3% | PE18x | |
| U9E China Everbright Water | S$0.23 | 2.2% +S$14.3m | -11.5% | PE5.1x | |
| 5IG Gallant Venture | S$0.057 | 3.6% +S$10.9m | -34.5% | PS1.3x | |
| 5GD Sunpower Group | S$0.58 | 1.7% +S$8.2m | 58.1% | PE7.2x |