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Apr 29
Singaporean (SGX) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies26
- 7D0.9%
- 3M10.5%
- 1Y19.5%
- YTD12.9%
In the last week, Financials has been flat. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are expected to grow by 2.3% per annum.
Sector Valuation and Performance
Has the Singaporean Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | S$247.0b | S$56.4b | S$25.0b | 9.8x | 9.9x | 4.4x |
| Tue, 16 Apr 2024 | S$229.4b | S$55.5b | S$24.7b | 9.6x | 9.3x | 4.1x |
| Thu, 14 Mar 2024 | S$221.5b | S$55.5b | S$24.6b | 9x | 9x | 4x |
| Sat, 10 Feb 2024 | S$215.5b | S$61.7b | S$24.6b | 9.3x | 8.8x | 3.5x |
| Mon, 08 Jan 2024 | S$220.6b | S$61.7b | S$25.0b | 9.4x | 8.8x | 3.6x |
| Wed, 06 Dec 2023 | S$213.9b | S$61.7b | S$25.0b | 10x | 8.6x | 3.5x |
| Fri, 03 Nov 2023 | S$216.4b | S$60.7b | S$24.2b | 9.9x | 8.9x | 3.6x |
| Sun, 01 Oct 2023 | S$222.6b | S$60.5b | S$24.2b | 10.6x | 9.2x | 3.7x |
| Tue, 29 Aug 2023 | S$219.4b | S$60.5b | S$24.2b | 12.3x | 9.1x | 3.6x |
| Thu, 27 Jul 2023 | S$221.8b | S$57.2b | S$22.3b | 12.4x | 9.9x | 3.9x |
| Sat, 24 Jun 2023 | S$213.3b | S$57.2b | S$22.3b | 11.6x | 9.6x | 3.7x |
| Mon, 22 May 2023 | S$210.5b | S$57.2b | S$22.3b | 11.5x | 9.4x | 3.7x |
| Wed, 19 Apr 2023 | S$222.7b | S$54.2b | S$20.4b | 12.4x | 10.9x | 4.1x |
| Fri, 17 Mar 2023 | S$215.0b | S$54.2b | S$20.5b | 11.9x | 10.5x | 4x |
| Sun, 12 Feb 2023 | S$234.0b | S$53.9b | S$19.3b | 12.1x | 12.2x | 4.3x |
| Tue, 10 Jan 2023 | S$229.9b | S$53.1b | S$18.7b | 11.8x | 12.3x | 4.3x |
| Thu, 08 Dec 2022 | S$222.7b | S$53.1b | S$18.7b | 11.7x | 11.9x | 4.2x |
| Sat, 05 Nov 2022 | S$219.5b | S$52.5b | S$18.5b | 12.1x | 11.9x | 4.2x |
| Mon, 03 Oct 2022 | S$213.8b | S$51.7b | S$17.9b | 11.7x | 11.9x | 4.1x |
| Wed, 31 Aug 2022 | S$216.4b | S$51.8b | S$17.9b | 12.1x | 12.1x | 4.2x |
| Fri, 29 Jul 2022 | S$212.0b | S$56.1b | S$17.6b | 11.2x | 12x | 3.8x |
| Sun, 26 Jun 2022 | S$203.4b | S$56.1b | S$17.6b | 10.9x | 11.5x | 3.6x |
| Tue, 24 May 2022 | S$213.1b | S$56.1b | S$17.6b | 11.3x | 12.1x | 3.8x |
| Thu, 21 Apr 2022 | S$222.3b | S$56.1b | S$17.8b | 11.3x | 12.5x | 4x |
| Sat, 19 Mar 2022 | S$242.2b | S$57.4b | S$19.0b | 13.2x | 12.8x | 4.2x |
| Mon, 14 Feb 2022 | S$241.4b | S$58.7b | S$17.3b | 15x | 14x | 4.1x |
| Wed, 12 Jan 2022 | S$224.6b | S$58.7b | S$17.3b | 13.9x | 13x | 3.8x |
| Fri, 10 Dec 2021 | S$204.7b | S$58.4b | S$17.1b | 13x | 12x | 3.5x |
| Sun, 07 Nov 2021 | S$210.8b | S$57.9b | S$16.7b | 13.5x | 12.6x | 3.6x |
| Tue, 05 Oct 2021 | S$201.7b | S$57.1b | S$16.1b | 13.2x | 12.5x | 3.5x |
| Thu, 02 Sep 2021 | S$203.8b | S$57.3b | S$16.3b | 13.1x | 12.5x | 3.6x |
| Sat, 31 Jul 2021 | S$211.1b | S$57.3b | S$16.3b | 13.4x | 12.9x | 3.7x |
Price to Earnings Ratio
14x
Current Industry PE
- Investors are pessimistic on the Singaporean Financials 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 9.9x which is lower than its 3-year average PE of 11.2x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 19% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Singaporean Financials sector?
| SG Market | 0.62% | |
| Financials | 0.88% | |
| Diversified Financial | 1.56% | |
| Banks | 1.01% | |
| Insurance | 0.50% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | -0.24% | |
| Capital Markets | -0.63% | |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 9.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 7.5% over the next 5 years.
- However this is lower than its past earnings growth rate of 67% per year.
- In contrast, the Banks industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| O39 Oversea-Chinese Banking | S$14.44 | 2.3% +S$1.4b | 17.9% | PB1.2x | |
| D05 DBS Group Holdings | S$35.70 | 0.8% +S$853.2m | 27.4% | PB1.6x | |
| G07 Great Eastern Holdings | S$25.86 | 0.5% +S$66.3m | 51.9% | PE15.8x | |
| P15 Pacific Century Regional Developments | S$0.29 | 1.8% +S$13.2m | -14.7% | PS78.2x | |
| S23 Singapura Finance | S$0.68 | 2.3% +S$2.4m | -12.3% | PE17.5x |