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Singaporean (SGX) Market Analysis & Valuation
UpdatedSep 21, 2024
DataAggregated Company Financials
Companies522
- 7D1.7%
- 3M8.4%
- 1Y9.5%
- YTD8.9%
The market is up 1.7% in the last 7 days, led by the Financials and all sectors gaining ground. The market is up 9.5% over the last 12 months. As for the next few years, earnings are expected to grow by 10.0% per annum.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Singaporean Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Sep 2024 | S$713.6b | S$540.5b | S$44.9b | 11.4x | 15.9x | 1.3x |
| Mon, 19 Aug 2024 | S$664.4b | S$548.3b | S$45.0b | 10.9x | 14.8x | 1.2x |
| Wed, 17 Jul 2024 | S$687.6b | S$546.8b | S$44.6b | 11.9x | 15.4x | 1.3x |
| Fri, 14 Jun 2024 | S$660.0b | S$547.6b | S$44.4b | 11.7x | 14.9x | 1.2x |
| Sun, 12 May 2024 | S$658.2b | S$547.2b | S$46.8b | 11.6x | 14x | 1.2x |
| Tue, 09 Apr 2024 | S$646.3b | S$545.7b | S$47.0b | 11.8x | 13.7x | 1.2x |
| Thu, 07 Mar 2024 | S$630.7b | S$543.3b | S$48.8b | 11.3x | 12.9x | 1.2x |
| Sat, 03 Feb 2024 | S$648.1b | S$571.5b | S$50.8b | 12.3x | 12.8x | 1.1x |
| Mon, 01 Jan 2024 | S$666.8b | S$569.1b | S$52.1b | 12.7x | 12.8x | 1.2x |
| Wed, 29 Nov 2023 | S$638.7b | S$572.9b | S$52.4b | 11.8x | 12.2x | 1.1x |
| Fri, 27 Oct 2023 | S$638.8b | S$575.1b | S$52.5b | 12.2x | 12.2x | 1.1x |
| Sun, 24 Sep 2023 | S$670.8b | S$574.5b | S$52.5b | 12.9x | 12.8x | 1.2x |
| Tue, 22 Aug 2023 | S$670.0b | S$573.2b | S$53.2b | 12.4x | 12.6x | 1.2x |
| Thu, 20 Jul 2023 | S$695.0b | S$575.3b | S$56.7b | 11.9x | 12.3x | 1.2x |
| Sat, 17 Jun 2023 | S$697.6b | S$577.3b | S$56.8b | 11.6x | 12.3x | 1.2x |
| Mon, 15 May 2023 | S$691.5b | S$573.7b | S$55.2b | 11.5x | 12.5x | 1.2x |
| Wed, 12 Apr 2023 | S$707.7b | S$569.3b | S$54.6b | 11.7x | 13x | 1.2x |
| Fri, 10 Mar 2023 | S$692.6b | S$572.4b | S$54.4b | 11.1x | 12.7x | 1.2x |
| Sun, 05 Feb 2023 | S$726.7b | S$560.4b | S$57.9b | 10.7x | 12.6x | 1.3x |
| Tue, 03 Jan 2023 | S$697.0b | S$560.6b | S$57.7b | 10.2x | 12.1x | 1.2x |
| Thu, 01 Dec 2022 | S$700.7b | S$565.3b | S$57.9b | 10.3x | 12.1x | 1.2x |
| Sat, 29 Oct 2022 | S$654.4b | S$559.0b | S$54.5b | 10.1x | 12x | 1.2x |
| Mon, 26 Sep 2022 | S$700.3b | S$563.3b | S$54.8b | 10.7x | 12.8x | 1.2x |
| Wed, 24 Aug 2022 | S$709.4b | S$559.7b | S$54.5b | 10.8x | 13x | 1.3x |
| Fri, 22 Jul 2022 | S$694.3b | S$532.0b | S$47.5b | 11.4x | 14.6x | 1.3x |
| Sun, 19 Jun 2022 | S$692.3b | S$532.4b | S$47.8b | 11.5x | 14.5x | 1.3x |
| Tue, 17 May 2022 | S$695.7b | S$528.2b | S$46.5b | 11.7x | 15x | 1.3x |
| Thu, 14 Apr 2022 | S$727.0b | S$524.5b | S$45.9b | 12.2x | 15.8x | 1.4x |
| Sat, 12 Mar 2022 | S$703.1b | S$525.3b | S$45.8b | 12x | 15.4x | 1.3x |
| Mon, 07 Feb 2022 | S$711.1b | S$484.5b | S$34.0b | 12.8x | 20.9x | 1.5x |
| Wed, 05 Jan 2022 | S$695.6b | S$482.9b | S$31.4b | 13.5x | 22.1x | 1.4x |
| Fri, 03 Dec 2021 | S$672.8b | S$481.7b | S$31.6b | 12.9x | 21.3x | 1.4x |
| Sun, 31 Oct 2021 | S$719.0b | S$480.1b | S$25.5b | 13.7x | 28.2x | 1.5x |
| Tue, 28 Sep 2021 | S$697.4b | S$480.6b | S$24.4b | 13.1x | 28.6x | 1.5x |
Price to Earnings Ratio
28.6x
Current Market PE
- Investors are relatively neutral on the Singaporean market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 14.9x.
Past Earnings Growth
- The earnings for Singaporean listed companies have grown 23% per year over the last three years.
- Revenues for these companies have grown 4.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Singaporean Market?
| SG Market | 1.68% | |
| Utilities | 3.50% | |
| Telecom | 3.45% | |
| Industrials | 2.45% | |
| Financials | 1.85% | |
| Materials | 1.53% | |
| Tech | 1.40% | |
| Consumer Discretionary | 1.22% | |
| Healthcare | 1.06% | |
| Consumer Staples | 0.84% | |
| Real Estate | 0.46% | |
| Energy | 0.34% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 38.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings growth of 4.9% per year.
- The Utilities sector is the least preferred by investors for future growth, which is trading below its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 2.3% 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 | Sector | |
|---|---|---|---|---|---|---|
| D05 DBS Group Holdings | S$39.00 | 2.8% +S$3.0b | 29.0% | PB1.7x | Financials | |
| Z74 Singapore Telecommunications | S$3.40 | 4.0% +S$2.1b | 39.9% | PE56x | Telecom | |
| O39 Oversea-Chinese Banking | S$15.47 | 1.2% +S$855.8m | 22.7% | PB1.2x | Financials | |
| U11 United Overseas Bank | S$32.94 | 1.5% +S$831.7m | 16.7% | PB1.2x | Financials | |
| BN4 Keppel | S$6.58 | 5.6% +S$632.1m | -2.2% | PE16x | Industrials |
