Slowing Rates Of Return At Wilmar International (SGX:F34) Leave Little Room For Excitement
Jan 31
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Singaporean (SGX) Market Analysis & Valuation
UpdatedFeb 11, 2025
DataAggregated Company Financials
Companies515
- 7D0.9%
- 3M2.9%
- 1Y17.1%
- YTD1.2%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 3.6% in that time. More promisingly, the market is up 17% over the past year. Looking forward, earnings are forecast to grow by 11% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 11 Feb 2025 | S$725.1b | S$546.6b | S$44.8b | 11.8x | 16.2x | 1.3x |
| Thu, 09 Jan 2025 | S$727.8b | S$548.3b | S$43.7b | 11.9x | 16.7x | 1.3x |
| Sat, 07 Dec 2024 | S$717.5b | S$544.3b | S$43.5b | 11.9x | 16.5x | 1.3x |
| Mon, 04 Nov 2024 | S$689.8b | S$537.1b | S$43.8b | 11.6x | 15.7x | 1.3x |
| Wed, 02 Oct 2024 | S$711.4b | S$539.9b | S$44.9b | 11.6x | 15.9x | 1.3x |
| Fri, 30 Aug 2024 | S$675.2b | S$545.0b | S$44.9b | 11.1x | 15x | 1.2x |
| Sun, 28 Jul 2024 | S$678.3b | S$546.8b | S$44.7b | 11.9x | 15.2x | 1.2x |
| Tue, 25 Jun 2024 | S$659.1b | S$548.2b | S$44.4b | 12x | 14.8x | 1.2x |
| Thu, 23 May 2024 | S$657.3b | S$546.6b | S$46.9b | 11.7x | 14x | 1.2x |
| Sat, 20 Apr 2024 | S$638.8b | S$547.7b | S$46.8b | 11.9x | 13.7x | 1.2x |
| Mon, 18 Mar 2024 | S$636.2b | S$544.2b | S$47.1b | 11.4x | 13.5x | 1.2x |
| Wed, 14 Feb 2024 | S$635.5b | S$554.2b | S$49.8b | 12x | 12.8x | 1.1x |
| Fri, 12 Jan 2024 | S$656.5b | S$570.4b | S$52.1b | 12.5x | 12.6x | 1.2x |
| Sun, 10 Dec 2023 | S$643.4b | S$572.2b | S$52.3b | 12.1x | 12.3x | 1.1x |
| Tue, 07 Nov 2023 | S$662.0b | S$572.8b | S$52.1b | 12.4x | 12.7x | 1.2x |
| Thu, 05 Oct 2023 | S$670.8b | S$575.0b | S$52.5b | 12.4x | 12.8x | 1.2x |
| Sat, 02 Sep 2023 | S$679.2b | S$572.6b | S$52.4b | 13.4x | 13x | 1.2x |
| Mon, 31 Jul 2023 | S$709.2b | S$580.2b | S$56.3b | 12x | 12.6x | 1.2x |
| Wed, 28 Jun 2023 | S$685.4b | S$579.1b | S$56.8b | 11.7x | 12.1x | 1.2x |
| Fri, 26 May 2023 | S$685.3b | S$579.4b | S$56.4b | 11.5x | 12.1x | 1.2x |
| Sun, 23 Apr 2023 | S$711.5b | S$569.6b | S$54.0b | 11.7x | 13.2x | 1.2x |
| Tue, 21 Mar 2023 | S$587.1b | S$559.1b | S$48.2b | 10.9x | 12.2x | 1x |
| Thu, 16 Feb 2023 | S$704.9b | S$560.9b | S$58.2b | 10.5x | 12.1x | 1.3x |
| Sat, 14 Jan 2023 | S$706.3b | S$559.2b | S$58.2b | 10.2x | 12.1x | 1.3x |
| Mon, 12 Dec 2022 | S$695.8b | S$562.0b | S$57.8b | 10.5x | 12x | 1.2x |
| Wed, 09 Nov 2022 | S$673.1b | S$568.0b | S$57.8b | 10x | 11.7x | 1.2x |
| Fri, 07 Oct 2022 | S$679.0b | S$563.3b | S$54.8b | 10.6x | 12.4x | 1.2x |
| Sun, 04 Sep 2022 | S$701.4b | S$559.3b | S$54.8b | 10.7x | 12.8x | 1.3x |
| Tue, 02 Aug 2022 | S$713.9b | S$535.9b | S$49.1b | 11.5x | 14.5x | 1.3x |
| Thu, 30 Jun 2022 | S$693.2b | S$531.6b | S$47.7b | 11.3x | 14.5x | 1.3x |
| Sat, 28 May 2022 | S$698.6b | S$529.2b | S$47.2b | 11.9x | 14.8x | 1.3x |
| Mon, 25 Apr 2022 | S$729.3b | S$525.1b | S$46.0b | 12.3x | 15.8x | 1.4x |
| Wed, 23 Mar 2022 | S$722.8b | S$524.5b | S$45.7b | 12x | 15.8x | 1.4x |
| Fri, 18 Feb 2022 | S$735.3b | S$486.8b | S$36.2b | 13.1x | 20.3x | 1.5x |
Price to Earnings Ratio
20.3x
Current Market PE
- Investors are optimistic on the Singaporean market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 16.2x which is higher than its 3-year average PE of 13.8x.
Past Earnings Growth
- The earnings for Singaporean listed companies have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 3.9% 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 | 0.87% | |
| Energy | 3.63% | |
| Telecom | 2.55% | |
| Financials | 2.08% | |
| Healthcare | 1.64% | |
| Tech | 0.63% | |
| Real Estate | 0.16% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Consumer Staples | -0.034% | |
| Consumer Discretionary | -0.44% | |
| Industrials | -1.07% | |
| Utilities | -1.10% | |
| Materials | -2.89% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 35.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 28.1% which is higher than its past year's earnings decline of 12.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|---|
| Z74 Singapore Telecommunications | S$3.34 | 3.4% +S$1.8b | 43.3% | PS3.9x | Telecom | |
| S68 Singapore Exchange | S$13.79 | 11.8% +S$1.6b | 51.7% | PE22.5x | Financials | |
| D05 DBS Group Holdings | S$44.85 | 1.0% +S$1.2b | 51.8% | PB1.9x | Financials | |
| F34 Wilmar International | S$3.27 | 2.8% +S$561.8m | 2.8% | PE9.7x | Consumer Staples | |
| C38U CapitaLand Integrated Commercial Trust | S$1.99 | 3.1% +S$437.9m | 0% | PB0.9x | Real Estate |
