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← CockpitCompetitor Analysis › S61.SI SBS Transit LtdOpen in the cockpit ↗

SBS Transit LtdS61.SICompetitor analysis, valuation and peers

Singapore · SGD·Industrials›Other Transportation
Momentum leader 83
Mkt cap
$866M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$193,898
20-day average traded
Fwd P/E
19.0×
forward earnings
ROIC−WACC
+15.4 pp
WACC 5.0%
Hurdle
-15 pp
Req g minus delivered
Next earnings
109 days
23 Feb 2027
Close · SGDS$3.53
1D-1.4%
1W+0.9%
1M-2.8%
3M-2.2%
6M-1.7%
YTD+10.3%
1Y+9.3%
ATR %1.4%
52w lowhigh16.1% off high

What SBS Transit does

Employees: 9,627

SBS Transit at a glance

Size SBS Transit (S61.SI) is a Singapore Industrials company (Other Transportation) with a market value of $866M, the 78th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$3.53 on 6 Nov 2026.

Performance Over six months the shares fell 1.7%, against -12.8% for the median peer and -1.2% for the Singapore market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 2.1% over the last twelve months (peer median +4.3%); the operating margin is 4.5% (peer median 17.1%).

Valuation It trades at 19.0× forward earnings against a peer median of 15.0× (3rd most expensive of 8).

Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -15 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 15.4 points above its cost of capital (5.0% WACC).

Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026S61.SI 99Peer median 86
Six months, rebased to 100: SBS Transit against the median of its 20 peers (local-currency closes).

SBS Transit financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$1.56BS$1.52BS$1.56BS$1.53BS$1.52B
Revenue growth—-3%+2%+1%—
Gross profitS$262MS$268MS$251MS$212MS$212M
EBITDAS$147MS$151MS$161MS$171MS$181M
Net incomeS$59.5MS$61.2MS$70.3MS$69.1MS$68.0M
Free cash flowS$134MS$111MS$33.4MS$71.9MS$175M
Capital expenditureS$28.5MS$24.3MS$20.4MS$15.7MS$10.7M
Total debtn/aS$11.7MS$17.7MS$19.3MS$79.1M

Quarterly statements and history in the cockpit →

SBS Transit competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%+10%600897601518000900069400055730133900202360100890906011886003686031286006110007551052SVI0005076003260062002040S61.SI6-month return →1-month return →
Up and to the right = strong over both horizons. SBS Transit is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%0×100×600897069430133990906031281052600326S61.SIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SBS Transit is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%6008976015180009000694000557301339002023601008603128600611000755SVI6003260062S61.SIGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. SBS Transit is the large dot.

SBS Transit competitors and peer comparison

How SBS Transit compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

SBS Transit against its 20 peers (data as of 6 Nov 2026)
MeasureS61.SIPeer medianRank in peer set
1-month return-2.8%-1.0%8th lowest of 21
6-month return-1.7%-12.8%5th highest of 21
Distance from 52-week high-16.1%-30.4%4th highest of 21
Revenue growth (TTM)+2.1%+4.3%10th lowest of 21
Operating margin4.5%17.1%6th lowest of 21
Forward P/E19.0×15.0×3rd most expensive of 8
Growth the price implies (Req g, 7 yrs)-10.6%0.2%3rd least demanding of 19
Growth delivered (Del g)+4.3%+7.9%4th lowest of 19
Hurdle (Req g minus delivered)-14.9 pp-7.5 pp6th least demanding of 19
ROIC minus cost of capital+15.4 pp-1.2 pp2nd highest of 20
EV / EBITDA5.5×10.0×2nd cheapest of 7
Net debt / EBITDA-2.1×3.9×2nd least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
SBS Transit S61.SISingapore$866M-2%+2%4%19.0×-10.6%+4.3%
Xiamen International Airport 600897.SSChina$892M-12%+33%28%12.1×-16.5%+11.4%
Jilin Expressway 601518.SSChina$822M-1%-13%48%n/a-20.5%+10.0%
Xiandai Investment 000900.SZChina$822M-14%-6%20%n/a2.8%-14.7%
Beijing Capital International Airport 0694.HKHong Kong$914M-21%+6%0%183.1×40.5%+8.7%
Ningxia Western Venture Industrial 000557.SZChina$807M-21%+7%9%n/a0.2%+8.3%
Jiangsu Tongxingbao Intelligent Transportation Tech 301339.SZChina$948M-17%+9%20%13.8×-4.9%+17.9%
Sichuan Haite High-Tech 002023.SZChina$948M-31%+14%-28%n/a31.4%+10.4%
Jiangsu Lianyungang Port 601008.SSChina$765M-13%+5%15%n/a1.9%+9.7%
AZ-COM Maruwa 9090.TJapan$760M-1%+9%5%15.2×n/an/a
Heilongjiang Transport Development 601188.SSChina$746M+13%-4%27%n/a0.4%+7.0%
Guangxi Wuzhou Communications 600368.SSChina$1.01B+8%-40%48%n/an/an/a
CTS International Logistics 603128.SSChina$1.02B-5%+15%3%15.0×-5.1%+5.0%
Dazhong Transportation (Group) 600611.SSChina$1.02B-12%-12%-9%n/a5.8%-3.3%
Shanxi Hi-speed 000755.SZChina$1.07B-3%+3%47%n/a-7.2%+8.4%
Yuexiu Transport Infrastructure 1052.HKHong Kong$699M-19%+9%36%6.2×0.1%+7.4%
StorageVault Canada SVI.TOCanada$1.09B-4%+9%23%n/a21.9%+16.6%
Zhuhai Port 000507.SZChina$638M-9%0%12%n/a-2.0%+4.5%
Xizang Tianlu 600326.SSChina$1.24B-35%-8%0%26.3×24.9%-13.0%
Transport International 0062.HKHong Kong$592M-16%+1%6%n/a-8.6%+6.4%
Nanjing Port 002040.SZChina$576M-21%+2%31%n/a-4.8%+6.7%

Questions

Which companies are SBS Transit's closest peers?
The cockpit's peer set: Xiamen International Airport (600897.SS), Jilin Expressway (601518.SS), Xiandai Investment (000900.SZ), Beijing Capital International Airport (0694.HK), Ningxia Western Venture Industrial (000557.SZ), Jiangsu Tongxingbao Intelligent Transportation Tech (301339.SZ), Sichuan Haite High-Tech (002023.SZ), Jiangsu Lianyungang Port (601008.SS).
Is SBS Transit expensive compared with its peers?
On forward p/e it trades at 19.0× against a peer median of 15.0×, 3rd most expensive of 8 in its peer set. For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -15 pp: the price already allows for a slowdown.
How has SBS Transit stock performed?
Over six months to 6 Nov 2026 the shares returned -1.7% against -12.8% for the median peer; over one year +9.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.