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Singaporean (SGX) Utilities Sector Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies11
- 7D1.4%
- 3M-2.7%
- 1Y12.4%
- YTD-1.1%
The Utilities industry is up 1.4% in the last week, with Sembcorp Industries up 2.0%. During this same period, the Gallant Venture underperformed, falling 11%. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 5.5% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | S$13.6b | S$10.4b | S$1.5b | 5x | 9x | 1.3x |
| Fri, 02 Jan 2026 | S$13.6b | S$10.4b | S$1.5b | 5.9x | 9x | 1.3x |
| Sun, 30 Nov 2025 | S$13.8b | S$10.4b | S$1.5b | 4.6x | 9.1x | 1.3x |
| Tue, 28 Oct 2025 | S$14.4b | S$10.4b | S$1.5b | 4.7x | 9.5x | 1.4x |
| Thu, 25 Sep 2025 | S$13.6b | S$10.4b | S$1.5b | 6.7x | 9x | 1.3x |
| Sat, 23 Aug 2025 | S$13.7b | S$10.4b | S$1.5b | 6.7x | 9.1x | 1.3x |
| Mon, 21 Jul 2025 | S$16.4b | S$10.6b | S$1.4b | 5.9x | 12x | 1.5x |
| Wed, 18 Jun 2025 | S$15.0b | S$10.6b | S$1.4b | 5.9x | 11x | 1.4x |
| Fri, 16 May 2025 | S$14.1b | S$10.7b | S$1.4b | 7.6x | 10.2x | 1.3x |
| Sun, 13 Apr 2025 | S$13.4b | S$10.7b | S$1.4b | 7.4x | 9.8x | 1.2x |
| Tue, 11 Mar 2025 | S$13.5b | S$10.8b | S$1.4b | 7.3x | 9.9x | 1.3x |
| Thu, 06 Feb 2025 | S$12.1b | S$10.8b | S$1.2b | 8.6x | 9.8x | 1.1x |
| Sat, 04 Jan 2025 | S$12.4b | S$10.8b | S$1.2b | 9x | 9.9x | 1.1x |
| Mon, 02 Dec 2024 | S$11.7b | S$10.8b | S$1.2b | 8.2x | 9.5x | 1.1x |
| Wed, 30 Oct 2024 | S$11.8b | S$10.8b | S$1.3b | 6.4x | 9.3x | 1.1x |
| Fri, 27 Sep 2024 | S$12.4b | S$10.8b | S$1.3b | 6.4x | 9.9x | 1.1x |
| Sun, 25 Aug 2024 | S$10.7b | S$10.8b | S$1.3b | 8.7x | 8.4x | 1x |
| Tue, 23 Jul 2024 | S$10.9b | S$11.3b | S$1.4b | 8.1x | 7.8x | 1x |
| Thu, 20 Jun 2024 | S$11.7b | S$11.3b | S$1.4b | 8.6x | 8.4x | 1x |
| Sat, 18 May 2024 | S$11.9b | S$10.7b | S$1.4b | 9.2x | 8.7x | 1.1x |
| Mon, 15 Apr 2024 | S$12.0b | S$10.8b | S$1.4b | 8.2x | 8.8x | 1.1x |
| Wed, 13 Mar 2024 | S$11.3b | S$10.7b | S$1.4b | 8.2x | 8.3x | 1.1x |
| Fri, 09 Feb 2024 | S$12.2b | S$11.6b | S$1.4b | 4.5x | 8.9x | 1.1x |
| Sun, 07 Jan 2024 | S$14.7b | S$13.7b | S$1.4b | 7.4x | 10.3x | 1.1x |
| Tue, 05 Dec 2023 | S$13.6b | S$13.7b | S$1.4b | 6.6x | 9.6x | 1x |
| Thu, 02 Nov 2023 | S$13.2b | S$13.7b | S$1.4b | 6.5x | 9.4x | 1x |
| Sat, 30 Sep 2023 | S$14.0b | S$13.7b | S$1.4b | 6.7x | 9.9x | 1x |
| Mon, 28 Aug 2023 | S$14.8b | S$13.7b | S$1.4b | 7.7x | 10.6x | 1.1x |
| Wed, 26 Jul 2023 | S$15.3b | S$13.7b | S$1.1b | 5.1x | 14.3x | 1.1x |
| Fri, 23 Jun 2023 | S$14.8b | S$13.8b | S$1.1b | 6.6x | 13.8x | 1.1x |
| Sun, 21 May 2023 | S$13.8b | S$13.8b | S$1.1b | 7x | 13x | 1x |
| Tue, 18 Apr 2023 | S$12.6b | S$13.8b | S$1.1b | 4.7x | 11.7x | 0.9x |
| Thu, 16 Mar 2023 | S$12.5b | S$13.8b | S$1.1b | 9.1x | 11.5x | 0.9x |
| Sat, 11 Feb 2023 | S$11.9b | S$15.3b | S$1.0b | 9.4x | 11.6x | 0.8x |
Price to Earnings Ratio
11.6x
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 9.0x which is lower than its 3-year average PE of 10.0x.
- 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 14% 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 Market | 0.30% | |
| Utilities | 1.39% | |
| Renewable Energy | 2.62% | |
| Other Utilities | 1.49% | |
| Water Utilities | 0.45% | |
| Gas Utilities | -2.47% | |
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 7.7x.
Forecasted Growth
- Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.5% 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 5.5% 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$6.05 | 2.0% +S$213.4m | 12.0% | PE10.6x | |
| BWM Zheneng Jinjiang Environment Holding | S$0.47 | 3.3% +S$21.5m | 5.6% | PE5x | |
| BHK SIIC Environment Holdings | S$0.18 | 3.4% +S$15.5m | 23.3% | PE4.1x |
