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Singaporean (SGX) Utilities Sector Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies11
  • 7D0.01%
  • 3M-1.0%
  • 1Y13.5%
  • YTD10.0%

The Utilities is pretty flat in the last 7 days, but Sunpower Group has stood out, gaining 8.9%. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 5.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025S$13.5bS$10.4bS$1.5b5.9x8.9x1.3x
Fri, 21 Nov 2025S$13.9bS$10.4bS$1.5b5.9x9.1x1.3x
Sun, 19 Oct 2025S$13.8bS$10.4bS$1.5b4.8x9.1x1.3x
Tue, 16 Sep 2025S$13.7bS$10.4bS$1.5b4.9x9.1x1.3x
Thu, 14 Aug 2025S$14.0bS$10.3bS$1.4b6.6x9.8x1.4x
Sat, 12 Jul 2025S$15.9bS$10.6bS$1.4b7.6x11.6x1.5x
Mon, 09 Jun 2025S$14.7bS$10.7bS$1.4b8.3x10.7x1.4x
Wed, 07 May 2025S$14.2bS$10.7bS$1.4b7.6x10.4x1.3x
Fri, 04 Apr 2025S$14.3bS$10.8bS$1.4b7.6x10.4x1.3x
Sun, 02 Mar 2025S$13.3bS$10.8bS$1.3b8x10.2x1.2x
Tue, 28 Jan 2025S$12.3bS$10.8bS$1.2b8.7x9.9x1.1x
Thu, 26 Dec 2024S$12.1bS$10.8bS$1.2b8.9x9.7x1.1x
Sat, 23 Nov 2024S$11.8bS$10.8bS$1.2b8.2x9.5x1.1x
Mon, 21 Oct 2024S$12.4bS$10.8bS$1.3b6.4x9.8x1.1x
Wed, 18 Sep 2024S$11.6bS$10.8bS$1.3b9.1x9.2x1.1x
Fri, 16 Aug 2024S$10.7bS$10.8bS$1.3b8.6x8.3x1x
Sun, 14 Jul 2024S$11.3bS$11.3bS$1.4b8.4x8.1x1x
Tue, 11 Jun 2024S$11.7bS$11.4bS$1.4b8.6x8.4x1x
Thu, 09 May 2024S$11.7bS$10.8bS$1.4b9.1x8.5x1.1x
Sat, 06 Apr 2024S$12.2bS$10.8bS$1.4b8.3x8.9x1.1x
Mon, 04 Mar 2024S$11.4bS$10.8bS$1.4b8.3x8.4x1.1x
Wed, 31 Jan 2024S$15.4bS$13.7bS$1.4b7.8x10.8x1.1x
Fri, 29 Dec 2023S$14.5bS$13.6bS$1.4b7.3x10.2x1.1x
Sun, 26 Nov 2023S$14.0bS$13.7bS$1.4b6.8x9.9x1x
Tue, 24 Oct 2023S$12.8bS$13.7bS$1.4b6.1x9.1x0.9x
Thu, 21 Sep 2023S$14.4bS$13.7bS$1.4b6.8x10.3x1.1x
Sat, 19 Aug 2023S$14.8bS$13.7bS$1.4b7.1x10.5x1.1x
Mon, 17 Jul 2023S$14.8bS$13.7bS$1.1b7x13.9x1.1x
Wed, 14 Jun 2023S$15.2bS$13.8bS$1.1b7.2x14.2x1.1x
Fri, 12 May 2023S$13.2bS$13.8bS$1.1b7x12.4x1x
Sun, 09 Apr 2023S$12.9bS$13.8bS$1.1b6.8x12x0.9x
Tue, 07 Mar 2023S$11.9bS$13.8bS$1.1b9.2x11x0.9x
Thu, 02 Feb 2023S$11.9bS$15.1bS$1.0b9.2x11.4x0.8x
Sat, 31 Dec 2022S$11.2bS$15.1bS$1.0b9.1x10.7x0.7x
Price to Earnings Ratio

10.7x


Total Market Cap: S$11.2bTotal Earnings: S$1.0bTotal Revenue: S$15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Utilities Sector Price to Earnings3Y Average 10.1x202320242025
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 Market0.38%
Utilities0.011%
Water Utilities3.61%
Renewable Energy2.93%
Gas Utilities2.57%
Other Utilities-0.71%
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 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 5.9% 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 5.9% 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$5.991.2%
+S$124.3m
10.1%PE10.5x
5GD Sunpower GroupS$0.639.6%
+S$43.9m
160.4%PE20.1x
BWM Zheneng Jinjiang Environment HoldingS$0.465.7%
+S$35.9m
8.2%PE4.9x
5IG Gallant VentureS$0.0866.2%
+S$27.3m
28.4%PE176x
U9E China Everbright WaterS$0.262.0%
+S$14.3m
8.5%PE4.4x

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