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Singaporean (SGX) Utilities Sector Analysis

UpdatedMar 22, 2025
DataAggregated Company Financials
Companies10
  • 7D6.0%
  • 3M15.9%
  • 1Y15.8%
  • YTD12.1%

The Utilities industry is up 3.1% in the last week, with Sembcorp Industries up 6.7%. This means that the industry has gained 15% over the past year. Looking forward, earnings are forecast to grow by 9.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Mar 2025S$13.8bS$10.8bS$1.4b7.6x10.1x1.3x
Mon, 17 Feb 2025S$12.1bS$10.8bS$1.2b8.7x9.8x1.1x
Wed, 15 Jan 2025S$12.2bS$10.8bS$1.2b8.6x9.8x1.1x
Fri, 13 Dec 2024S$12.3bS$10.8bS$1.2b8.2x9.9x1.1x
Sun, 10 Nov 2024S$11.4bS$10.8bS$1.3b6.4x9x1.1x
Tue, 08 Oct 2024S$12.6bS$10.8bS$1.3b6.4x10x1.2x
Thu, 05 Sep 2024S$11.0bS$10.8bS$1.3b9.1x8.6x1x
Sat, 03 Aug 2024S$10.8bS$11.3bS$1.4b5.9x7.8x1x
Mon, 01 Jul 2024S$11.3bS$11.4bS$1.4b8.4x8.1x1x
Wed, 29 May 2024S$11.8bS$10.7bS$1.4b9.1x8.7x1.1x
Fri, 26 Apr 2024S$12.1bS$10.8bS$1.4b9.5x8.9x1.1x
Sun, 24 Mar 2024S$11.7bS$10.8bS$1.4b8x8.6x1.1x
Tue, 20 Feb 2024S$12.6bS$11.6bS$1.4b4.5x9.2x1.1x
Thu, 18 Jan 2024S$14.9bS$13.7bS$1.4b7.5x10.5x1.1x
Sat, 16 Dec 2023S$14.2bS$13.7bS$1.4b6.8x10x1x
Mon, 13 Nov 2023S$13.9bS$13.6bS$1.4b6.7x9.8x1x
Wed, 11 Oct 2023S$13.6bS$13.7bS$1.4b6.6x9.7x1x
Fri, 08 Sep 2023S$14.3bS$13.7bS$1.4b7.1x10.2x1x
Sun, 06 Aug 2023S$15.2bS$13.7bS$1.3b6.2x11.5x1.1x
Tue, 04 Jul 2023S$15.5bS$13.8bS$1.1b7.2x14.4x1.1x
Thu, 01 Jun 2023S$14.0bS$13.8bS$1.1b7x13.1x1x
Sat, 29 Apr 2023S$12.6bS$13.8bS$1.1b6.5x11.7x0.9x
Mon, 27 Mar 2023S$12.6bS$13.8bS$1.1b6.9x11.7x0.9x
Wed, 22 Feb 2023S$12.0bS$13.9bS$1.0b11.4x11.8x0.9x
Fri, 20 Jan 2023S$11.1bS$15.1bS$1.0b7.4x10.6x0.7x
Sun, 18 Dec 2022S$11.1bS$15.2bS$1.1b9x10.5x0.7x
Tue, 15 Nov 2022S$10.3bS$15.1bS$1.0b7.1x9.9x0.7x
Thu, 13 Oct 2022S$10.3bS$15.2bS$1.1b6.1x9.5x0.7x
Sat, 10 Sep 2022S$11.5bS$15.2bS$1.1b8.2x10.7x0.8x
Mon, 08 Aug 2022S$11.2bS$13.6bS$646.9m11.5x17.3x0.8x
Wed, 06 Jul 2022S$10.8bS$13.4bS$691.6m9.7x15.6x0.8x
Fri, 03 Jun 2022S$10.8bS$13.4bS$684.3m10.5x15.7x0.8x
Sun, 01 May 2022S$11.0bS$13.4bS$687.2m10.7x15.9x0.8x
Tue, 29 Mar 2022S$10.7bS$13.4bS$686.6m11.6x15.5x0.8x
Price to Earnings Ratio

15.5x


Total Market Cap: S$10.7bTotal Earnings: S$686.6mTotal Revenue: S$13.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.9x202320242025
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 10.9x.
  • The 3-year average PS ratio of 0.97x 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 26% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.9% 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 Market2.05%
Utilities5.99%
Other Utilities6.67%
Water Utilities2.48%
Renewable Energy2.20%
Gas Utilities0%0
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 9.0% 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$6.366.7%
+S$711.8m		20.5%PE11.1x
U9E China Everbright WaterS$0.244.3%
+S$28.6m		8.9%PE4x
5IG Gallant VentureS$0.0765.6%
+S$21.9m		-41.5%PS2.2x
BWM Zheneng Jinjiang Environment HoldingS$0.462.2%
+S$14.4m		56.9%PE5.8x
BHK SIIC Environment HoldingsS$0.160.6%
+S$2.6m		-5.4%PE3.7x
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S$0.04

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-4.8%

1Y

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U96

S$6.36

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7D

6.7%

1Y

20.5%

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Mar 19
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BHK

S$0.16

SIIC Environment Holdings

7D

0.6%

1Y

-5.4%

BWM

S$0.46

Zheneng Jinjiang Environment Holding

7D

2.2%

1Y

56.9%

5IG

S$0.076

Gallant Venture

7D

5.6%

1Y

-41.5%

U9E

S$0.24

China Everbright Water

7D

4.3%

1Y

8.9%