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Singaporean (SGX) Utilities Sector Analysis
UpdatedNov 26, 2022
DataAggregated Company Financials
Companies10
- 7D2.1%
- 3M-7.5%
- 1Y13.6%
- YTD13.0%
Over the last 7 days, the Utilities industry has risen 2.1%, driven by gains from Sembcorp Industries of 4.6%. In the last 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 6.2% 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 |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | S$10.8b | S$15.1b | S$1.1b | 8.8x | 10.2x | 0.7x |
| Tue, 25 Oct 2022 | S$9.8b | S$15.1b | S$1.1b | 6.1x | 9.1x | 0.6x |
| Thu, 22 Sep 2022 | S$11.1b | S$15.2b | S$1.1b | 7.8x | 10.4x | 0.7x |
| Sat, 20 Aug 2022 | S$11.5b | S$15.1b | S$1.1b | 7.9x | 10.7x | 0.8x |
| Mon, 18 Jul 2022 | S$10.9b | S$13.4b | S$690.4m | 9.4x | 15.7x | 0.8x |
| Wed, 15 Jun 2022 | S$10.8b | S$13.4b | S$688.2m | 10.7x | 15.7x | 0.8x |
| Fri, 13 May 2022 | S$10.7b | S$13.3b | S$685.7m | 10.7x | 15.6x | 0.8x |
| Sun, 10 Apr 2022 | S$10.9b | S$13.4b | S$688.2m | 11.1x | 15.9x | 0.8x |
| Tue, 08 Mar 2022 | S$10.6b | S$13.4b | S$694.0m | 10.9x | 15.3x | 0.8x |
| Thu, 03 Feb 2022 | S$10.0b | S$11.4b | S$670.3m | 7.8x | 14.9x | 0.9x |
| Sat, 01 Jan 2022 | S$9.3b | S$11.4b | S$555.1m | 5.7x | 16.8x | 0.8x |
| Mon, 29 Nov 2021 | S$9.5b | S$11.5b | S$559.4m | 7.2x | 16.9x | 0.8x |
| Wed, 27 Oct 2021 | S$9.5b | S$11.3b | S$554.4m | 6.7x | 17.2x | 0.8x |
| Fri, 24 Sep 2021 | S$9.0b | S$11.3b | S$557.0m | 5.9x | 16.2x | 0.8x |
| Sun, 22 Aug 2021 | S$9.0b | S$11.3b | S$555.8m | 5.7x | 16.2x | 0.8x |
| Fri, 09 Jul 2021 | S$9.4b | S$11.3b | S$555.8m | 5.3x | 17x | 0.8x |
| Thu, 01 Apr 2021 | S$9.2b | S$10.8b | S$504.2m | 7.4x | 18.2x | 0.8x |
| Sun, 03 Jan 2021 | S$8.8b | S$10.2b | S$429.8m | 6.1x | 20.5x | 0.9x |
| Wed, 07 Oct 2020 | S$7.8b | S$9.4b | S$337.7m | 7x | 23.2x | 0.8x |
| Tue, 30 Jun 2020 | S$8.4b | S$9.3b | S$337.3m | 5.6x | 25x | 0.9x |
| Fri, 03 Apr 2020 | S$6.8b | S$10.3b | S$501.4m | 5x | 13.6x | 0.7x |
| Mon, 06 Jan 2020 | S$10.0b | S$11.5b | S$522.2m | 6.7x | 19.2x | 0.9x |
Price to Earnings Ratio
16.4x
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 10.2x which is lower than its 3-year average PE of 17.7x.
- The industry is trading close to its 3-year average PS ratio of 0.82x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 21% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Singaporean Utilities sector?
| SG Market | -0.57% | |
| Utilities | 2.12% | |
| Other Utilities | 4.05% | |
| Gas Utilities | 0.056% | |
| Electric Utilities | 0% | |
| Renewable Energy | 0% | |
| Water Utilities | -2.24% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 50.9x.
- Analysts are expecting annual earnings growth of 46.7%, which is higher than its past year's earnings decline of 55.1% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 4.2x.
Forecasted Growth
- Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 55% per year.
- In contrast, the Other Utilities industry is expected to see its earnings decline by 13% 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$3.20 | 4.6% +S$249.0m | 61.6% | PE8x | |
| BHK SIIC Environment Holdings | S$0.17 | 0.6% +S$2.6m | -23.6% | PE3x | |
| 1F2 Union Gas Holdings | S$0.45 | 1.1% +S$1.6m | -41.6% | PE47.7x |
