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Singaporean (SGX) Utilities Sector Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies10
  • 7D4.2%
  • 3M10.3%
  • 1Y3.0%
  • YTD-1.6%

The Utilities industry is up 1.3% in the last week, with Sembcorp Industries up 5.4%. During this same period, the Sunpower Group underperformed, falling 10.0%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 4.8% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024S$11.9bS$10.8bS$1.2b8.2x9.6x1.1x
Sat, 19 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.8x1.1x
Mon, 16 Sep 2024S$11.6bS$10.8bS$1.3b9.1x9.2x1.1x
Wed, 14 Aug 2024S$10.8bS$10.8bS$1.3b8.3x8.3x1x
Fri, 12 Jul 2024S$11.2bS$11.3bS$1.4b8.3x8x1x
Sun, 09 Jun 2024S$11.7bS$11.4bS$1.4b8.6x8.4x1x
Tue, 07 May 2024S$11.9bS$10.8bS$1.4b9.3x8.7x1.1x
Thu, 04 Apr 2024S$11.9bS$10.8bS$1.4b8.3x8.7x1.1x
Sat, 02 Mar 2024S$11.4bS$10.8bS$1.4b8.3x8.4x1.1x
Mon, 29 Jan 2024S$14.9bS$13.7bS$1.4b7.5x10.5x1.1x
Wed, 27 Dec 2023S$14.1bS$13.6bS$1.4b6.8x9.9x1x
Fri, 24 Nov 2023S$14.1bS$13.7bS$1.4b6.7x9.9x1x
Sun, 22 Oct 2023S$12.9bS$13.7bS$1.4b6.3x9.2x0.9x
Tue, 19 Sep 2023S$14.3bS$13.7bS$1.4b6.8x10.2x1x
Thu, 17 Aug 2023S$15.3bS$13.7bS$1.4b7.4x10.9x1.1x
Sat, 15 Jul 2023S$14.8bS$13.7bS$1.1b7x13.9x1.1x
Mon, 12 Jun 2023S$14.8bS$13.8bS$1.1b6.8x13.9x1.1x
Wed, 10 May 2023S$13.3bS$13.8bS$1.1b6.8x12.5x1x
Fri, 07 Apr 2023S$12.8bS$13.8bS$1.1b6.8x12x0.9x
Sun, 05 Mar 2023S$11.9bS$13.9bS$1.1b9.2x10.7x0.9x
Tue, 31 Jan 2023S$11.8bS$15.1bS$1.0b9.1x11.2x0.8x
Thu, 29 Dec 2022S$11.1bS$15.1bS$1.1b9.1x10.6x0.7x
Sat, 26 Nov 2022S$10.8bS$15.1bS$1.1b8.8x10.2x0.7x
Mon, 24 Oct 2022S$9.8bS$15.1bS$1.1b6.1x9.1x0.6x
Wed, 21 Sep 2022S$11.1bS$15.2bS$1.1b7.8x10.4x0.7x
Fri, 19 Aug 2022S$11.5bS$15.1bS$1.1b7.9x10.7x0.8x
Sun, 17 Jul 2022S$10.9bS$13.4bS$690.4m9.4x15.7x0.8x
Tue, 14 Jun 2022S$10.7bS$13.4bS$688.3m10.7x15.6x0.8x
Thu, 12 May 2022S$10.7bS$13.3bS$685.7m10.7x15.6x0.8x
Sat, 09 Apr 2022S$10.9bS$13.4bS$687.6m11.1x15.9x0.8x
Mon, 07 Mar 2022S$10.6bS$13.4bS$694.1m11x15.3x0.8x
Wed, 02 Feb 2022S$10.0bS$11.5bS$671.2m7.8x14.9x0.9x
Fri, 31 Dec 2021S$9.3bS$11.4bS$555.2m5.6x16.7x0.8x
Sun, 28 Nov 2021S$9.5bS$11.5bS$559.4m7.2x16.9x0.8x
Price to Earnings Ratio

16.9x


Total Market Cap: S$9.5bTotal Earnings: S$559.4mTotal Revenue: S$11.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 11.6x202220232024
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 9.4x which is lower than its 3-year average PE of 11.6x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 30% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.1% 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 Market0.51%
Utilities4.22%
Other Utilities5.43%
Electric Utilities0%
Renewable Energy0%
Water Utilities-1.80%
Gas Utilities-2.82%
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 Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.7x.
Forecasted Growth
  • Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 1.1% per year.
  • In contrast, the Other Utilities industry is expected to see its earnings grow by 4.0% 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$5.244.4%
+S$385.0m		1.7%PE9.8x
5IG Gallant VentureS$0.0786.8%
+S$27.3m		-41.8%PS2.3x
5GD Sunpower GroupS$0.293.5%
+S$8.0m		22.9%PE8.7x
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