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Singapore Exchange Limited (S68.SI)

SG SES Financial Services Financial - Data & Stock Exchanges
Address No. 02-02, SGX Centre 1 68804
Singapore, SG
CEO Boon Chye Loh
Website sgx.com
IPO 2000-11-23
ISIN SG1J26887955

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Also trades on Other OTC · SPXCF (USD) Other OTC · SPXCY (USD) Stock Exchange of Singapore · S68.SI (SGD)
Description

Singapore Exchange Limited (SGX), established in Singapore in 1999, functions as a comprehensive securities and derivatives exchange alongside its clearing house operations. The company organizes its extensive activities into several key segments: Fixed Income, Currencies, and Commodities; Equities; and Data, Connectivity, and Indices. Within these areas, SGX provides a broad spectrum of services, including asset issuance, trading, clearing, settlement, depository management, and collateral management. Beyond its primary exchange and clearing functions, SGX also offers counterparty guarantees, facilitates bond trading, and performs crucial front-line regulatory duties. It operates an electronic foreign exchange trading platform, provides IT and software maintenance, and offers management consultancy for index-related activities. Furthermore, the company manages services for its related corporations, distributes bulk freight market data, runs an electricity market, and provides administrative support for index calculation, risk assessment, and financial research. SGX has also entered a global collaboration aimed at expanding the dairy derivatives market for New Zealand's Exchange.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.24
Float Shares
812.01M
Free Float %
75.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.00% -2.54% +0.83% +20.22% +29.77% +29.01% +55.84% +135.78% +111.81% +182.32% +1,532.84%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
21.88
DCF (Unlevered) 23.85 +9.0%
DCF (Levered) 24.39 +11.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 53% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 5 +1
Hold 7 +1
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
10.73
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Financial - Data & Stock Exchanges: +11.9%
    +11.3% Q4'25: +24.3% (vs Q4'23)
  • EPS growth Financial - Data & Stock Exchanges: +19.9%
    +9.1% Q4'25: +28.0% (vs Q4'23)
  • FCF margin FCF growth · Financial - Data & Stock Exchanges: +25.6%
    +57.8% Q4'25: +43.1% (vs Q4'23)
  • EBIT margin Financial - Data & Stock Exchanges: +51.8%
    +58.6% Q4'25: +58.3% (vs Q4'23)
  • ROIC Financial - Data & Stock Exchanges: +13.5%
    +48.0% Q4'25: +145.8% (vs Q4'23)
  • Share dilution Financial - Data & Stock Exchanges: +0.6%
    -1.9% Q4'25: -2.8% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Financial - Data & Stock Exchanges: -0.36×
    0.77× Q4'25: 0.38× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.24) × ERP
WACC = 97% × Ke + 3% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 23.85 Current price: 23.94
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
14 Rev. Ana.
11 EPS Ana.
Jun 2027
14 Rev. Ana.
12 EPS Ana.
Jun 2028
12 Rev. Ana.
11 EPS Ana.
Revenue
778.52M
est: 777.50M (+0.1%)
828.88M
est: 834.20M (-0.6%)
806.44M
est: 811.79M (-0.7%)
855.16M
est: 849.24M (+0.7%)
909.75M
est: 893.23M (+1.8%)
1.05B
est: 1.02B (+3.0%)
1.06B
est: 1.08B (-2.1%)
1.10B
est: 1.10B (-0.4%)
1.19B
est: 1.16B (+3.0%)
1.23B
est: 1.23B (-0.2%)
1.37B
est: 1.36B (+1.0%)
1.49B
1.40B – 1.59B
+10.1% YoY
1.62B
1.48B – 1.74B
+8.2% YoY
1.71B
1.69B – 1.73B
+5.8% YoY
EBITDA
459.11M
est: 485.60M (-5.5%)
479.89M
est: 521.02M (-7.9%)
420.23M
est: 507.02M (-17.1%)
447.04M
est: 530.41M (-15.7%)
535.50M
est: 557.88M (-4.0%)
657.07M
est: 638.48M (+2.9%)
632.36M
est: 673.94M (-6.2%)
641.23M
est: 688.87M (-6.9%)
753.33M
est: 724.26M (+4.0%)
815.19M
est: 770.94M (+5.7%)
888.15M
est: 847.28M (+4.8%)
932.98M
876.01M – 993.26M
+10.1% YoY
1.01B
925.34M – 1.09B
+8.2% YoY
1.07B
1.05B – 1.08B
+5.8% YoY
EBIT
401.84M
est: 423.47M (-5.1%)
409.26M
est: 454.36M (-9.9%)
412.81M
est: 442.15M (-6.6%)
436.29M
est: 462.54M (-5.7%)
472.99M
est: 486.50M (-2.8%)
573.84M
est: 556.79M (+3.1%)
541.26M
est: 587.71M (-7.9%)
551.97M
est: 600.73M (-8.1%)
681.07M
est: 631.59M (+7.8%)
719.33M
est: 672.30M (+7.0%)
803.23M
est: 738.87M (+8.7%)
813.60M
763.92M – 866.18M
+10.1% YoY
880.31M
806.95M – 947.24M
+8.2% YoY
931.36M
918.51M – 944.22M
+5.8% YoY
Net Income
348.61M
est: 350.44M (-0.5%)
349.02M
est: 357.69M (-2.4%)
339.69M
est: 348.76M (-2.6%)
363.20M
est: 373.71M (-2.8%)
391.10M
est: 385.45M (+1.5%)
471.82M
est: 455.84M (+3.5%)
445.41M
est: 466.90M (-4.6%)
451.40M
est: 445.68M (+1.3%)
570.90M
est: 469.42M (+21.6%)
597.91M
est: 529.90M (+12.8%)
647.98M
est: 647.98M (+0.0%)
707.96M
685.77M – 786.32M
+9.3% YoY
781.55M
740.18M – 897.18M
+10.4% YoY
836.70M
781.24M – 950.89M
+7.1% YoY
SGA
25.12M
est: 17.53M (+43.3%)
22.34M
est: 18.81M (+18.8%)
20.50M
est: 18.30M (+12.0%)
20.74M
est: 19.15M (+8.3%)
26.47M
est: 20.14M (+31.4%)
20.68M
est: 23.05M (-10.3%)
24.57M
est: 24.33M (+1.0%)
23.45M
est: 24.87M (-5.7%)
27.28M
est: 26.15M (+4.3%)
30.63M
est: 27.83M (+10.0%)
28.00M
est: 30.59M (-8.5%)
33.68M
31.62M – 35.86M
+10.1% YoY
36.44M
33.41M – 39.21M
+8.2% YoY
38.56M
38.02M – 39.09M
+5.8% YoY
EPS
0.33
est: 0.33 (+1.3%)
0.33
est: 0.33 (-0.8%)
0.32
est: 0.32 (-1.3%)
0.34
est: 0.35 (-2.2%)
0.37
est: 0.36 (+3.2%)
0.44
est: 0.42 (+3.8%)
0.42
est: 0.43 (-3.3%)
0.42
est: 0.41 (+1.3%)
0.53
est: 0.44 (+21.0%)
0.56
est: 0.49 (+13.6%)
0.61
est: 0.59 (+3.4%)
0.68
0.64 – 0.73
+15.8% YoY
0.75
0.69 – 0.83
+10.5% YoY
0.82
0.73 – 0.88
+8.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-28 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-26 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-25 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-22 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-21 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-20 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-19 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-18 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-15 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-14 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-13 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-12 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-11 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-08 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-07 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 3/5 1/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 2/5 1/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.47B
OE per share TTM
1.36
Owner's Yield
6.28%
Maintenance CapEx ratio
6.22%
Maint CapEx / Avg PPE
9.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
704.6K
Shares Outstanding
1.07B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Boon Chye Loh Chief Executive Officer & Non-Independent Executive Director 5M male
Hsien-Min Syn President & Head of Global Markets 2M
Boon Gin Tan Chief Executive Officer of Singapore Exchange Regulation 1M male
Yao Loong Ng Head of Equities 1M male
Tinku Gupta Chief Information Officer 1M female
Pol de Win Senior MD and Head of Global Sales & Origination 1M male
Kok Yu Koh Chief Financial Officer male
Liana Chue Head of Investor Relations
May Nah Chin Vice President of Marketing & Communications female
Kim Ming Seah Head of Legal & Compliance and Joint Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits