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Singaporean (SGX) Utilities Sector Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.7%
  • 3M-4.4%
  • 1Y-1.4%
  • YTD-2.8%

The Utilities is pretty flat in the last 7 days, but Zheneng Jinjiang Environment Holding has stood out, gaining 5.3%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 01 Sep 2026S$13.4bS$10.6bS$1.0b7.2x12.9x1.3x
Thu, 30 Jul 2026S$12.8bS$9.9bS$1.5b7x8.4x1.3x
Sat, 27 Jun 2026S$14.2bS$9.8bS$1.5b6.3x9.5x1.4x
Mon, 25 May 2026S$13.9bS$9.9bS$1.5b6.8x9.3x1.4x
Wed, 22 Apr 2026S$15.3bS$9.8bS$1.5b6.8x10.2x1.6x
Fri, 20 Mar 2026S$13.9bS$9.8bS$1.5b6.9x9.3x1.4x
Sun, 15 Feb 2026S$14.2bS$10.4bS$1.5b6.1x9.4x1.4x
Tue, 13 Jan 2026S$13.6bS$10.4bS$1.5b5.9x8.9x1.3x
Thu, 11 Dec 2025S$13.2bS$10.4bS$1.5b5.9x8.7x1.3x
Sat, 08 Nov 2025S$14.1bS$10.4bS$1.5b6.7x9.3x1.3x
Mon, 06 Oct 2025S$13.9bS$10.4bS$1.5b6.7x9.2x1.3x
Wed, 03 Sep 2025S$13.6bS$10.4bS$1.5b6.7x9x1.3x
Fri, 01 Aug 2025S$16.4bS$10.7bS$1.4b5.8x11.9x1.5x
Sun, 29 Jun 2025S$14.7bS$10.6bS$1.4b8.1x10.7x1.4x
Tue, 27 May 2025S$14.4bS$10.6bS$1.4b7.6x10.5x1.3x
Thu, 24 Apr 2025S$13.7bS$10.7bS$1.4b7.5x10x1.3x
Sat, 22 Mar 2025S$13.8bS$10.8bS$1.4b7.6x10.1x1.3x
Mon, 17 Feb 2025S$12.1bS$10.8bS$1.2b8.7x9.8x1.1x
Wed, 15 Jan 2025S$12.2bS$10.8bS$1.2b8.6x9.8x1.1x
Fri, 13 Dec 2024S$12.3bS$10.8bS$1.2b8.2x9.9x1.1x
Sun, 10 Nov 2024S$11.4bS$10.8bS$1.3b6.4x9x1.1x
Tue, 08 Oct 2024S$12.6bS$10.8bS$1.3b6.4x10x1.2x
Thu, 05 Sep 2024S$11.0bS$10.8bS$1.3b9.1x8.6x1x
Sat, 03 Aug 2024S$10.8bS$11.3bS$1.4b5.9x7.8x1x
Mon, 01 Jul 2024S$11.3bS$11.4bS$1.4b8.4x8.1x1x
Wed, 29 May 2024S$11.8bS$10.7bS$1.4b9.1x8.7x1.1x
Fri, 26 Apr 2024S$12.1bS$10.8bS$1.4b9.5x8.9x1.1x
Sun, 24 Mar 2024S$11.7bS$10.8bS$1.4b8x8.6x1.1x
Tue, 20 Feb 2024S$12.6bS$11.6bS$1.4b4.5x9.2x1.1x
Thu, 18 Jan 2024S$14.9bS$13.7bS$1.4b7.5x10.5x1.1x
Sat, 16 Dec 2023S$14.2bS$13.7bS$1.4b6.8x10x1x
Mon, 13 Nov 2023S$13.9bS$13.6bS$1.4b6.7x9.8x1x
Wed, 11 Oct 2023S$13.6bS$13.7bS$1.4b6.6x9.7x1x
Fri, 08 Sep 2023S$14.3bS$13.7bS$1.4b7.1x10.2x1x
Price to Earnings Ratio

10.2x


Total Market Cap: S$14.3bTotal Earnings: S$1.4bTotal Revenue: S$13.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 9.5x202420252026
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 13.0x 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 Market0.91%
Utilities-0.73%
Renewable Energy5.22%
Electric Utilities0%0
Other Utilities-0.94%
Gas Utilities-1.00%
Water Utilities-2.42%
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?

CompanyLast Price7D1YValuation
BWM Zheneng Jinjiang Environment HoldingS$0.605.3%
+S$43.0m		30.4%PE5.6x
5IG Gallant VentureS$0.0587.4%
+S$21.9m		-32.6%PS1.4x
5GD Sunpower GroupS$0.590.9%
+S$4.1m		47.5%PE7.2x
5CR Asiatic Group (Holdings)S$0.00350.0%
+S$3.2m		0%PE20.5x
BEH China International HoldingsS$0.03865.2%
+S$1.2m		8.6%PS0.2x

Latest News

U96
S$5.92
Sembcorp Industries
7D
-1.2%
1Y
-2.8%
Narrative Update • Aug 24

U96: Higher Regular Dividends And Lower P/E Will Shape Future Returns

Analysts have trimmed their fair value estimate for Sembcorp Industries from about SGD 6.77 to around SGD 6.53, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What’s in the News for Sembcorp Industries Sembcorp Industries announced an interim ordinary exempt 1 tier cash dividend of 11.0 cents per ordinary share for the half year ended June 30, 2026.
BWM
S$0.60
Zheneng Jinjiang Environment Holding
7D
5.3%
1Y
30.4%
1F2
S$0.47
Union Gas Holdings
7D
-1.0%
1Y
26.7%
5GD
S$0.59
Sunpower Group
7D
0.9%
1Y
47.5%
U9E
S$0.21
China Everbright Water
7D
-6.5%
1Y
-12.2%
BEH
S$0.038
China International Holdings
7D
65.2%
1Y
8.6%
5IG
S$0.058
Gallant Venture
7D
7.4%
1Y
-32.6%
YSV
S$0.083
Khen Energy
7D
3.8%
1Y
10.7%
5CR
S$0.003
Asiatic Group (Holdings)
7D
50.0%
1Y
0%