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Singaporean (SGX) Utilities Sector Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.3%
  • 3M-5.6%
  • 1Y8.4%
  • YTD-2.3%

The Utilities is pretty flat in the last 7 days, but Zheneng Jinjiang Environment Holding has stood out, gaining 5.6%. As for the the longer term, the industry is up 8.4% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026S$13.5bS$10.4bS$1.5b4.7x8.9x1.3x
Sun, 21 Dec 2025S$13.3bS$10.4bS$1.5b5.9x8.8x1.3x
Tue, 18 Nov 2025S$14.2bS$10.4bS$1.5b5.9x9.4x1.4x
Thu, 16 Oct 2025S$14.0bS$10.4bS$1.5b4.9x9.3x1.3x
Sat, 13 Sep 2025S$13.7bS$10.4bS$1.5b6.7x9.1x1.3x
Mon, 11 Aug 2025S$14.6bS$10.4bS$1.4b6.4x10.2x1.4x
Wed, 09 Jul 2025S$15.8bS$10.6bS$1.4b7.6x11.6x1.5x
Fri, 06 Jun 2025S$14.4bS$10.7bS$1.4b8.4x10.5x1.3x
Sun, 04 May 2025S$14.1bS$10.7bS$1.4b7.6x10.4x1.3x
Tue, 01 Apr 2025S$13.8bS$10.8bS$1.4b7.6x10x1.3x
Thu, 27 Feb 2025S$12.9bS$10.7bS$1.2b8.9x10.6x1.2x
Sat, 25 Jan 2025S$12.3bS$10.8bS$1.2b8.7x9.9x1.1x
Mon, 23 Dec 2024S$11.9bS$10.8bS$1.2b8.2x9.6x1.1x
Wed, 20 Nov 2024S$11.7bS$10.8bS$1.2b8.2x9.4x1.1x
Fri, 18 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.8x1.1x
Sun, 15 Sep 2024S$11.6bS$10.8bS$1.3b9.1x9.2x1.1x
Tue, 13 Aug 2024S$10.8bS$10.8bS$1.3b5.9x8.3x1x
Thu, 11 Jul 2024S$11.3bS$11.4bS$1.4b8.4x8.1x1x
Sat, 08 Jun 2024S$11.7bS$11.3bS$1.4b8.6x8.4x1x
Mon, 06 May 2024S$11.9bS$10.8bS$1.4b9.2x8.7x1.1x
Wed, 03 Apr 2024S$11.9bS$10.8bS$1.4b8x8.7x1.1x
Fri, 01 Mar 2024S$11.7bS$10.8bS$1.4b6.4x8.4x1.1x
Sun, 28 Jan 2024S$14.9bS$13.7bS$1.4b7.5x10.5x1.1x
Tue, 26 Dec 2023S$14.2bS$13.7bS$1.4b7.2x10x1x
Thu, 23 Nov 2023S$14.0bS$13.7bS$1.4b6.7x9.8x1x
Sat, 21 Oct 2023S$12.9bS$13.7bS$1.4b6.3x9.2x0.9x
Mon, 18 Sep 2023S$14.4bS$13.7bS$1.4b7x10.2x1.1x
Wed, 16 Aug 2023S$15.3bS$13.7bS$1.4b7.3x10.9x1.1x
Fri, 14 Jul 2023S$14.9bS$13.7bS$1.1b7x14x1.1x
Sun, 11 Jun 2023S$14.8bS$13.8bS$1.1b6.8x13.9x1.1x
Tue, 09 May 2023S$13.3bS$13.8bS$1.1b6x12.5x1x
Thu, 06 Apr 2023S$12.9bS$13.8bS$1.1b6.8x12x0.9x
Sat, 04 Mar 2023S$11.9bS$13.9bS$1.1b9.2x10.7x0.9x
Mon, 30 Jan 2023S$11.7bS$15.1bS$1.0b9.1x11.2x0.8x
Price to Earnings Ratio

11.2x


Total Market Cap: S$11.7bTotal Earnings: S$1.0bTotal Revenue: S$15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.1x202420252026
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 8.9x which is lower than its 3-year average PE of 10.1x.
  • 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 13% 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 Market0.033%
Utilities-0.26%
Renewable Energy1.69%
Other Utilities-0.21%
Gas Utilities-1.28%
Water Utilities-1.34%
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
BWM Zheneng Jinjiang Environment HoldingS$0.475.6%
+S$35.9m		5.6%PE5x
U9E China Everbright WaterS$0.262.0%
+S$14.3m		10.6%PE4.5x
5GD Sunpower GroupS$0.512.0%
+S$8.2m		110.4%PE16.6x
1F2 Union Gas HoldingsS$0.371.4%
+S$1.6m		15.6%PE10.1x
YSV Charisma Energy ServicesS$0.143.8%
+S$1.4m		n/aPE0.7x

Latest News

5GD
S$0.51
Sunpower Group
7D
2.0%
1Y
110.4%

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
U96
S$5.99
Sembcorp Industries
7D
-2.1%
1Y
7.5%
BEH
S$0.04
China International Holdings
7D
-11.1%
1Y
-7.0%

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$0.08
Gallant Venture
7D
-4.8%
1Y
8.1%

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$0.14
Charisma Energy Services
7D
3.8%
1Y
n/a
5CR
S$0.003
Asiatic Group (Holdings)
7D
-25.0%
1Y
0%
1F2
S$0.37
Union Gas Holdings
7D
1.4%
1Y
15.6%
BWM
S$0.47
Zheneng Jinjiang Environment Holding
7D
5.6%
1Y
5.6%

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
U9E
S$0.26
China Everbright Water
7D
2.0%
1Y
10.6%

China Everbright Water (SGX:U9E) Will Pay A Dividend Of HK$0.0099

Aug 14
China Everbright Water (SGX:U9E) Will Pay A Dividend Of HK$0.0099
BHK
S$0.18
SIIC Environment Holdings
7D
-0.6%
1Y
16.2%