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Singaporean (SGX) Utilities Sector Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies11
  • 7D1.6%
  • 3M-0.5%
  • 1Y9.6%
  • YTD-0.2%

In the last week, the Utilities industry is up 1.6%, with Sembcorp Industries up 2.2%. During this same period, the Sunpower Group underperformed, falling 8.3%. In the last 12 months, the industry was up 9.6%. As for the next few years, earnings are expected to grow by 5.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026S$13.8bS$10.4bS$1.5b5.9x9.1x1.3x
Tue, 16 Dec 2025S$13.5bS$10.4bS$1.5b4.6x8.9x1.3x
Thu, 13 Nov 2025S$14.3bS$10.4bS$1.5b9x9.4x1.4x
Sat, 11 Oct 2025S$14.2bS$10.4bS$1.5b4.7x9.4x1.4x
Mon, 08 Sep 2025S$13.7bS$10.4bS$1.5b6.7x9.1x1.3x
Wed, 06 Aug 2025S$16.5bS$10.6bS$1.4b5.8x12x1.5x
Fri, 04 Jul 2025S$15.3bS$10.6bS$1.4b7.6x11.2x1.4x
Sun, 01 Jun 2025S$14.3bS$10.7bS$1.4b8.3x10.4x1.3x
Tue, 29 Apr 2025S$13.9bS$10.7bS$1.4b7.6x10.2x1.3x
Thu, 27 Mar 2025S$13.8bS$10.8bS$1.4b7.6x10x1.3x
Sat, 22 Feb 2025S$12.8bS$10.8bS$1.2b8.7x10.3x1.2x
Mon, 20 Jan 2025S$12.5bS$10.8bS$1.2b9.1x10.1x1.2x
Wed, 18 Dec 2024S$12.0bS$10.8bS$1.2b8.2x9.7x1.1x
Fri, 15 Nov 2024S$11.4bS$10.8bS$1.3b9x9x1.1x
Sun, 13 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.9x1.1x
Tue, 10 Sep 2024S$11.1bS$10.8bS$1.3b6.4x8.7x1x
Thu, 08 Aug 2024S$11.0bS$10.9bS$1.3b5.9x8.3x1x
Sat, 06 Jul 2024S$11.2bS$11.3bS$1.4b8.3x8x1x
Mon, 03 Jun 2024S$11.8bS$11.4bS$1.4b7.1x8.4x1x
Wed, 01 May 2024S$12.0bS$10.8bS$1.4b8.9x8.8x1.1x
Fri, 29 Mar 2024S$11.9bS$10.8bS$1.4b8x8.7x1.1x
Sun, 25 Feb 2024S$11.7bS$11.0bS$1.5b4.5x8x1.1x
Tue, 23 Jan 2024S$14.7bS$13.7bS$1.4b7.4x10.4x1.1x
Thu, 21 Dec 2023S$14.2bS$13.7bS$1.4b7.2x10x1x
Sat, 18 Nov 2023S$14.0bS$13.7bS$1.4b6.6x9.9x1x
Mon, 16 Oct 2023S$13.4bS$13.7bS$1.4b6.5x9.5x1x
Wed, 13 Sep 2023S$14.3bS$13.7bS$1.4b7.2x10.2x1x
Fri, 11 Aug 2023S$15.8bS$13.7bS$1.4b4.9x11.6x1.2x
Sun, 09 Jul 2023S$14.8bS$13.8bS$1.1b6.7x13.7x1.1x
Tue, 06 Jun 2023S$14.6bS$13.8bS$1.1b7x13.6x1.1x
Thu, 04 May 2023S$13.1bS$13.8bS$1.1b5.1x12.3x0.9x
Sat, 01 Apr 2023S$12.7bS$13.8bS$1.1b4.7x11.8x0.9x
Mon, 27 Feb 2023S$11.8bS$14.0bS$1.1b11.2x11.2x0.8x
Wed, 25 Jan 2023S$11.3bS$15.1bS$1.0b7.6x10.8x0.7x
Price to Earnings Ratio

10.8x


Total Market Cap: S$11.3bTotal Earnings: S$1.0bTotal Revenue: S$15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.1x202420252026
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 10.1x.
  • 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 13% 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 Market1.97%
Utilities1.63%
Other Utilities2.08%
Renewable Energy1.94%
Gas Utilities0%0
Water Utilities-1.42%
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 7.8x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.9% 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 5.9% 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
U96 Sembcorp IndustriesS$6.122.2%
+S$231.1m		8.7%PE10.7x
U9E China Everbright WaterS$0.262.0%
+S$14.3m		6.3%PE4.4x
BWM Zheneng Jinjiang Environment HoldingS$0.451.1%
+S$7.2m		0%PE4.7x
YSV Charisma Energy ServicesS$0.1320.4%
+S$6.0m		n/aPE0.7x

Latest News

5GD
S$0.49
Sunpower Group
7D
-8.3%
1Y
106.3%

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
U96
S$6.12
Sembcorp Industries
7D
2.2%
1Y
8.7%
BEH
S$0.045
China International Holdings
7D
-15.1%
1Y
4.7%

We Think China International Holdings (SGX:BEH) Has A Fair Chunk Of Debt

Dec 29
We Think China International Holdings (SGX:BEH) Has A Fair Chunk Of Debt
YSV
S$0.13
Charisma Energy Services
7D
20.4%
1Y
n/a
BWM
S$0.45
Zheneng Jinjiang Environment Holding
7D
1.1%
1Y
0%

Zheneng Jinjiang Environment Holding Company Limited's (SGX:BWM) Subdued P/E Might Signal An Opportunity

Sep 26
Zheneng Jinjiang Environment Holding Company Limited's (SGX:BWM) Subdued P/E Might Signal An Opportunity
U9E
S$0.26
China Everbright Water
7D
2.0%
1Y
6.3%

China Everbright Water (SGX:U9E) Will Pay A Dividend Of HK$0.0099

Aug 14
China Everbright Water (SGX:U9E) Will Pay A Dividend Of HK$0.0099