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Singaporean (SGX) Utilities Sector Analysis
UpdatedJul 04, 2026
DataAggregated Company Financials
Companies10
- 7D-5.4%
- 3M-10.2%
- 1Y-11.8%
- YTD-2.4%
Over the last 7 days, the Utilities industry has dropped 5.4%, driven by a pullback from Sembcorp Industries of 7.4%. In contrast, Zheneng Jinjiang Environment Holding has gained 5.4%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 8.1% 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 |
|---|---|---|---|---|---|---|
| Sat, 04 Jul 2026 | S$13.5b | S$9.8b | S$1.5b | 6.5x | 8.9x | 1.4x |
| Mon, 01 Jun 2026 | S$14.2b | S$9.8b | S$1.5b | 6.6x | 9.5x | 1.5x |
| Wed, 29 Apr 2026 | S$14.8b | S$9.8b | S$1.5b | 7x | 9.9x | 1.5x |
| Fri, 27 Mar 2026 | S$14.3b | S$9.8b | S$1.5b | 6.8x | 9.6x | 1.5x |
| Sun, 22 Feb 2026 | S$14.3b | S$10.4b | S$1.5b | 10.2x | 9.5x | 1.4x |
| Tue, 20 Jan 2026 | S$13.8b | S$10.4b | S$1.5b | 4.6x | 9.1x | 1.3x |
| Thu, 18 Dec 2025 | S$13.4b | S$10.4b | S$1.5b | 4.7x | 8.9x | 1.3x |
| Sat, 15 Nov 2025 | S$14.2b | S$10.4b | S$1.5b | 9x | 9.4x | 1.4x |
| Mon, 13 Oct 2025 | S$14.2b | S$10.4b | S$1.5b | 4.7x | 9.4x | 1.4x |
| Wed, 10 Sep 2025 | S$13.7b | S$10.4b | S$1.5b | 9x | 9.1x | 1.3x |
| Fri, 08 Aug 2025 | S$16.5b | S$10.6b | S$1.4b | 5.8x | 12.1x | 1.6x |
| Sun, 06 Jul 2025 | S$15.2b | S$10.6b | S$1.4b | 7.6x | 11.1x | 1.4x |
| Tue, 03 Jun 2025 | S$14.2b | S$10.7b | S$1.4b | 8.3x | 10.4x | 1.3x |
| Thu, 01 May 2025 | S$14.1b | S$10.7b | S$1.4b | 7.6x | 10.4x | 1.3x |
| Sat, 29 Mar 2025 | S$13.8b | S$10.8b | S$1.4b | 7.6x | 10x | 1.3x |
| Mon, 24 Feb 2025 | S$12.8b | S$10.8b | S$1.2b | 8.7x | 10.3x | 1.2x |
| Wed, 22 Jan 2025 | S$12.4b | S$10.8b | S$1.2b | 8.5x | 10x | 1.1x |
| Fri, 20 Dec 2024 | S$12.0b | S$10.8b | S$1.2b | 8.2x | 9.7x | 1.1x |
| Sun, 17 Nov 2024 | S$11.5b | S$10.8b | S$1.2b | 8.2x | 9.3x | 1.1x |
| Tue, 15 Oct 2024 | S$12.4b | S$10.8b | S$1.3b | 6.4x | 9.9x | 1.1x |
| Thu, 12 Sep 2024 | S$11.3b | S$10.8b | S$1.3b | 6.4x | 9x | 1x |
| Sat, 10 Aug 2024 | S$11.0b | S$10.8b | S$1.3b | 5.9x | 8.5x | 1x |
| Mon, 08 Jul 2024 | S$11.3b | S$11.3b | S$1.4b | 8.3x | 8x | 1x |
| Wed, 05 Jun 2024 | S$11.8b | S$11.3b | S$1.4b | 7.2x | 8.4x | 1x |
| Fri, 03 May 2024 | S$11.8b | S$10.8b | S$1.4b | 8.9x | 8.7x | 1.1x |
| Sun, 31 Mar 2024 | S$11.9b | S$10.8b | S$1.4b | 8x | 8.7x | 1.1x |
| Tue, 27 Feb 2024 | S$11.6b | S$11.0b | S$1.5b | 3.8x | 7.9x | 1.1x |
| Thu, 25 Jan 2024 | S$14.8b | S$13.7b | S$1.4b | 7.4x | 10.4x | 1.1x |
| Sat, 23 Dec 2023 | S$14.2b | S$13.7b | S$1.4b | 7.2x | 10x | 1x |
| Mon, 20 Nov 2023 | S$14.0b | S$13.7b | S$1.4b | 6.6x | 9.9x | 1x |
| Wed, 18 Oct 2023 | S$13.4b | S$13.7b | S$1.4b | 6.5x | 9.5x | 1x |
| Fri, 15 Sep 2023 | S$14.3b | S$13.7b | S$1.4b | 7.2x | 10.2x | 1x |
| Sun, 13 Aug 2023 | S$15.8b | S$13.7b | S$1.4b | 7.9x | 11.3x | 1.2x |
| Tue, 11 Jul 2023 | S$14.6b | S$13.8b | S$1.1b | 6.7x | 13.6x | 1.1x |
Price to Earnings Ratio
13.6x
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 9.7x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
- Meanwhile revenues for these companies have declined 11% 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 | 1.04% | |
| Utilities | -5.44% | |
| Renewable Energy | 5.13% | |
| Gas Utilities | 2.36% | |
| Water Utilities | 0.46% | |
| Other Utilities | -7.01% | |
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 7.2x.
Forecasted Growth
- Analysts are most optimistic on the Water Utilities industry, expecting annual earnings growth of 9.5% over the next 5 years.
- This is better than its past earnings growth rate of 0.9% per year.
- In contrast, the Other Utilities industry is expected to see its earnings grow by 8.0% 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 | |
|---|---|---|---|---|---|
| BWM Zheneng Jinjiang Environment Holding | S$0.59 | 5.4% +S$43.0m | 31.1% | PE6.1x | |
| 5IG Gallant Venture | S$0.061 | 8.9% +S$27.3m | -30.7% | PE31.3x | |
| 5GD Sunpower Group | S$0.50 | 1.0% +S$4.1m | 112.8% | PE6.9x | |
| 1F2 Union Gas Holdings | S$0.40 | 2.6% +S$3.2m | 23.4% | PE11.9x | |
| BHK SIIC Environment Holdings | S$0.17 | 0.6% +S$2.6m | 4.4% | PE3.7x |