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Singaporean (SGX) Utilities Sector Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies11
  • 7D0.1%
  • 3M-5.9%
  • 1Y9.5%
  • YTD-1.5%

The Utilities industry has been flat over the last week, but Gallant Venture has lost 5.0%. The past year has been better, since the industry has gained 9.5% in that time. Looking forward, earnings are forecast to grow by 5.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026S$13.6bS$10.4bS$1.5b4.9x9x1.3x
Tue, 30 Dec 2025S$13.6bS$10.4bS$1.5b5.9x9x1.3x
Thu, 27 Nov 2025S$13.8bS$10.4bS$1.5b4.6x9.1x1.3x
Sat, 25 Oct 2025S$14.2bS$10.4bS$1.5b4.8x9.4x1.4x
Mon, 22 Sep 2025S$13.6bS$10.4bS$1.5b6.7x9x1.3x
Wed, 20 Aug 2025S$13.6bS$10.3bS$1.5b6.7x9x1.3x
Fri, 18 Jul 2025S$16.3bS$10.6bS$1.4b5.9x11.9x1.5x
Sun, 15 Jun 2025S$14.8bS$10.6bS$1.4b5.9x10.8x1.4x
Tue, 13 May 2025S$14.2bS$10.7bS$1.4b7.6x10.3x1.3x
Thu, 10 Apr 2025S$13.1bS$10.8bS$1.4b7.1x9.6x1.2x
Sat, 08 Mar 2025S$13.7bS$10.8bS$1.4b8.3x10.1x1.3x
Mon, 03 Feb 2025S$12.4bS$10.8bS$1.2b8.6x9.9x1.1x
Wed, 01 Jan 2025S$12.3bS$10.8bS$1.2b9x9.9x1.1x
Fri, 29 Nov 2024S$11.6bS$10.8bS$1.2b8.2x9.4x1.1x
Sun, 27 Oct 2024S$12.0bS$10.8bS$1.3b6.4x9.5x1.1x
Tue, 24 Sep 2024S$12.0bS$10.8bS$1.3b9.4x9.5x1.1x
Thu, 22 Aug 2024S$10.8bS$10.8bS$1.3b8.7x8.5x1x
Sat, 20 Jul 2024S$11.0bS$11.3bS$1.4b8.1x7.9x1x
Mon, 17 Jun 2024S$11.8bS$11.4bS$1.4b8.6x8.4x1x
Wed, 15 May 2024S$12.0bS$10.7bS$1.4b9.1x8.8x1.1x
Fri, 12 Apr 2024S$12.0bS$10.8bS$1.4b8x8.8x1.1x
Sun, 10 Mar 2024S$11.3bS$10.7bS$1.4b8.2x8.4x1.1x
Tue, 06 Feb 2024S$12.5bS$11.6bS$1.4b4.5x9.1x1.1x
Thu, 04 Jan 2024S$14.7bS$13.7bS$1.4b7.4x10.4x1.1x
Sat, 02 Dec 2023S$14.2bS$13.7bS$1.4b6.9x10x1x
Mon, 30 Oct 2023S$13.0bS$13.7bS$1.4b6.2x9.2x0.9x
Wed, 27 Sep 2023S$14.1bS$13.7bS$1.4b6.7x10x1x
Fri, 25 Aug 2023S$14.6bS$13.7bS$1.4b7.3x10.4x1.1x
Sun, 23 Jul 2023S$15.5bS$13.7bS$1.1b8.2x14.5x1.1x
Tue, 20 Jun 2023S$15.3bS$13.8bS$1.1b7.2x14.3x1.1x
Thu, 18 May 2023S$13.6bS$13.8bS$1.1b7x12.8x1x
Sat, 15 Apr 2023S$12.5bS$13.8bS$1.1b4.7x11.7x0.9x
Mon, 13 Mar 2023S$12.0bS$13.8bS$1.1b9.1x11.1x0.9x
Wed, 08 Feb 2023S$11.8bS$15.3bS$1.0b9.3x11.5x0.8x
Price to Earnings Ratio

11.5x


Total Market Cap: S$11.8bTotal Earnings: S$1.0bTotal Revenue: S$15.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10x202420252026
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 Market0.49%
Utilities0.12%
Gas Utilities2.57%
Other Utilities0.44%
Water Utilities-1.20%
Renewable Energy-2.31%
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 7.8x.
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?

CompanyLast Price7D1YValuation
U96 Sembcorp IndustriesS$6.030.7%
+S$71.1m		8.1%PE10.6x
1F2 Union Gas HoldingsS$0.382.7%
+S$3.2m		20.6%PE10.4x
BHK SIIC Environment HoldingsS$0.180.6%
+S$2.6m		17.6%PE4x
BEH China International HoldingsS$0.04512.5%
+S$392.0k		n/aPS0.2x

Latest News

U96
S$6.03
Sembcorp Industries
7D
0.7%
1Y
8.1%
U9E
S$0.26
China Everbright Water
7D
-1.9%
1Y
6.3%
5GD
S$0.49
Sunpower Group
7D
-2.0%
1Y
106.3%

Slowing Rates Of Return At Sunpower Group (SGX:5GD) Leave Little Room For Excitement

Jan 15
Slowing Rates Of Return At Sunpower Group (SGX:5GD) Leave Little Room For Excitement
BEH
S$0.045
China International Holdings
7D
12.5%
1Y
n/a

We Think China International Holdings (SGX:BEH) Has A Fair Chunk Of Debt

Dec 29
We Think China International Holdings (SGX:BEH) Has A Fair Chunk Of Debt
5IG
S$0.076
Gallant Venture
7D
-5.0%
1Y
2.7%

Gallant Venture Ltd. (SGX:5IG) Might Not Be As Mispriced As It Looks After Plunging 29%

Nov 19
Gallant Venture Ltd. (SGX:5IG) Might Not Be As Mispriced As It Looks After Plunging 29%
YSV
S$0.13
Charisma Energy Services
7D
-6.7%
1Y
n/a
1F2
S$0.38
Union Gas Holdings
7D
2.7%
1Y
20.6%
BWM
S$0.47
Zheneng Jinjiang Environment Holding
7D
-2.1%
1Y
3.3%

Zheneng Jinjiang Environment Holding Company Limited's (SGX:BWM) Subdued P/E Might Signal An Opportunity

Sep 26
Zheneng Jinjiang Environment Holding Company Limited's (SGX:BWM) Subdued P/E Might Signal An Opportunity
BHK
S$0.18
SIIC Environment Holdings
7D
0.6%
1Y
17.6%