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Singaporean (SGX) Utilities Sector Analysis
UpdatedApr 17, 2025
DataAggregated Company Financials
Companies10
- 7D3.8%
- 3M9.8%
- 1Y15.3%
- YTD10.7%
Over the last 7 days, the Utilities industry has dropped 1.1%, driven by Gallant Venture declining 5.2%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 7.2% 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 |
|---|---|---|---|---|---|---|
| Thu, 17 Apr 2025 | S$13.6b | S$10.7b | S$1.4b | 5.6x | 10x | 1.3x |
| Sat, 15 Mar 2025 | S$13.0b | S$10.8b | S$1.4b | 7.6x | 9.5x | 1.2x |
| Mon, 10 Feb 2025 | S$12.2b | S$10.8b | S$1.2b | 8.9x | 9.8x | 1.1x |
| Wed, 08 Jan 2025 | S$12.4b | S$10.8b | S$1.2b | 9.1x | 10x | 1.1x |
| Fri, 06 Dec 2024 | S$12.5b | S$10.8b | S$1.2b | 9.3x | 10.1x | 1.2x |
| Sun, 03 Nov 2024 | S$11.4b | S$10.8b | S$1.3b | 6.4x | 9x | 1.1x |
| Tue, 01 Oct 2024 | S$12.4b | S$10.8b | S$1.3b | 6.4x | 9.9x | 1.2x |
| Thu, 29 Aug 2024 | S$10.6b | S$10.8b | S$1.3b | 8.8x | 8.4x | 1x |
| Sat, 27 Jul 2024 | S$10.8b | S$11.3b | S$1.4b | 5.9x | 7.7x | 1x |
| Mon, 24 Jun 2024 | S$11.8b | S$11.4b | S$1.4b | 8.6x | 8.4x | 1x |
| Wed, 22 May 2024 | S$11.8b | S$10.7b | S$1.4b | 9.1x | 8.7x | 1.1x |
| Fri, 19 Apr 2024 | S$12.0b | S$10.8b | S$1.4b | 9.1x | 8.7x | 1.1x |
| Sun, 17 Mar 2024 | S$11.4b | S$10.7b | S$1.4b | 8.3x | 8.4x | 1.1x |
| Tue, 13 Feb 2024 | S$12.2b | S$11.6b | S$1.4b | 4.5x | 8.9x | 1.1x |
| Thu, 11 Jan 2024 | S$15.0b | S$13.7b | S$1.4b | 7.6x | 10.5x | 1.1x |
| Sat, 09 Dec 2023 | S$13.7b | S$13.7b | S$1.4b | 6.6x | 9.7x | 1x |
| Mon, 06 Nov 2023 | S$13.6b | S$13.7b | S$1.4b | 6.6x | 9.7x | 1x |
| Wed, 04 Oct 2023 | S$14.1b | S$13.7b | S$1.4b | 6.5x | 10x | 1x |
| Fri, 01 Sep 2023 | S$14.8b | S$13.7b | S$1.4b | 7.7x | 10.6x | 1.1x |
| Sun, 30 Jul 2023 | S$15.2b | S$13.9b | S$1.1b | 6.4x | 13.7x | 1.1x |
| Tue, 27 Jun 2023 | S$14.8b | S$13.8b | S$1.1b | 6.7x | 13.8x | 1.1x |
| Thu, 25 May 2023 | S$13.9b | S$13.8b | S$1.1b | 7x | 13x | 1x |
| Sat, 22 Apr 2023 | S$12.7b | S$13.8b | S$1.1b | 6.7x | 11.9x | 0.9x |
| Mon, 20 Mar 2023 | S$12.5b | S$13.8b | S$1.1b | 9.2x | 11.6x | 0.9x |
| Wed, 15 Feb 2023 | S$11.8b | S$15.3b | S$1.0b | 9.3x | 11.6x | 0.8x |
| Fri, 13 Jan 2023 | S$11.3b | S$15.2b | S$1.1b | 9x | 10.7x | 0.7x |
| Sun, 11 Dec 2022 | S$10.9b | S$15.1b | S$1.1b | 8.9x | 10.4x | 0.7x |
| Tue, 08 Nov 2022 | S$10.6b | S$15.1b | S$1.1b | 7.1x | 9.9x | 0.7x |
| Thu, 06 Oct 2022 | S$10.6b | S$15.2b | S$1.1b | 6.8x | 9.8x | 0.7x |
| Sat, 03 Sep 2022 | S$11.5b | S$15.2b | S$1.1b | 8x | 10.7x | 0.8x |
| Mon, 01 Aug 2022 | S$11.0b | S$13.6b | S$673.7m | 10.1x | 16.3x | 0.8x |
| Wed, 29 Jun 2022 | S$10.9b | S$13.4b | S$687.9m | 10.3x | 15.9x | 0.8x |
| Fri, 27 May 2022 | S$10.7b | S$13.4b | S$691.6m | 10.3x | 15.5x | 0.8x |
| Sun, 24 Apr 2022 | S$11.0b | S$13.4b | S$687.2m | 10.9x | 16x | 0.8x |
Price to Earnings Ratio
16x
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 10.8x.
- The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 26% per year over the last three years.
- Meanwhile revenues for these companies have declined 7.1% 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 Market | 7.14% | |
| Utilities | 3.78% | |
| Other Utilities | 4.11% | |
| Water Utilities | 3.78% | |
| Gas Utilities | 1.64% | |
| Renewable Energy | -1.62% | |
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 13% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Other Utilities industry is expected to see its earnings grow by 6.8% 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$6.35 | 3.8% +S$409.1m | 18.2% | PE11.1x | |
| U9E China Everbright Water | S$0.24 | 4.3% +S$28.6m | 9.1% | PE4x | |
| 5GD Sunpower Group | S$0.21 | 5.0% +S$8.0m | 0% | PE7.8x | |
| BHK SIIC Environment Holdings | S$0.16 | 1.3% +S$5.2m | -4.3% | PE3.7x | |
| 1F2 Union Gas Holdings | S$0.29 | 1.8% +S$1.6m | -25.6% | PE7.4x |