S63.SI
SGX50SESSingapore Technologies Engineering Ltd
Industrials · Aerospace & Defense · Singapore
Singapore Technologies Engineering Ltd operates as a technology, defence, and engineering company worldwide. The company operates through Commercial Aerospace, Defence & Public Security, and Urban Solutions & Satcom segments. It provides cabin interiors and engineering solutions; turnkey solutions for composite panels; passenger-to-freighter conversion services; nacelles and aerostructures solutions; precision manufacturing services; unmanned aircraft system solutions; maintenance, repair, and overhaul (MRO) services for airframes, engines, and components; and aviation asset management services, including aircraft and engine leasing. It also offers integrated transport operations center; smart mobility solutions, including smart metro systems, smart rail MRO solutions, commercial and electric vehicles, fleet management systems, smart traffic systems, tolling and congestion pricing solutions, and mobility services, as well as AGIL Bus Rapid Transit, a future-ready mobility system that offers both rail and bus systems; smart security, lighting, water, and sensors; digital platforms; AGIL Smart Energy Building solutions; digital health, financial technologies, and urban environment solutions. In addition, the company provides defense and security solutions for air, land, and sea; smart facilities; training and simulation systems; logistics and facilities management, advanced manufacturing, and critical infrastructure solutions; homeland security; maritime systems; cybersecurity, data science, analytics, and AI solutions; cloud and data orchestration services; advanced connectivity solutions; and business process outsourcing services. Further, it designs and delivers robust command, control, communications, computers, cybersecurity, intelligence, surveillance, and reconnaissance solutions; and Wing-in-Ground craft solutions. The company was founded in 1967 and is headquartered in Singapore.
www.stengg.com ↗Shares trade at a premium 72.3× trailing earnings, easing to 28.3× on forward estimates. Profitability shows a net margin of 3.7% and return on equity of 16.9%. Leverage is elevated at 2.8× net debt/EBITDA. Revenue grew 11.7% year-on-year. It yields 1.7% in dividends. The mean analyst target of SGD11.58 sits 6.7% above the current price (Buy, 15 analysts).
business model
ST Engineering is a Singapore-based technology and engineering group serving aerospace, defence, public-security and smart-city markets, majority-owned by Temasek. It combines long-cycle government/defence contracts with commercial aerospace services and infrastructure/satcom solutions, reporting in SGD.
revenue segments
Its three segments are Commercial Aerospace (one of the world's largest airframe MRO providers, plus cabin/nacelle and engine services), Defence & Public Security (naval and land systems, munitions, cybersecurity, and Singapore defence programmes), and Urban Solutions & Satcom (smart-city, rail electronics and satellite communications). Aerospace and defence are the largest earnings drivers.
key dependencies
It depends on Singapore and allied defence budgets, global air-travel-driven MRO demand, large multi-year order-book execution, and government infrastructure spending. Supply-chain availability and program management are critical.
competitors
Competitors include global MRO providers (Lufthansa Technik, ST's peers in airframe/component MRO), defence primes and shipbuilders, satcom firms, and smart-city/rail electronics vendors.
moat
Its moat comes from incumbency as Singapore's key defence supplier, large-scale MRO capabilities and long-term customer relationships, a substantial order backlog, and integrated engineering know-how.
risks
Risks include defence-budget and procurement cycles, contract-execution and cost-overrun risk, satcom competition and technology shifts, supply-chain constraints, and integration of acquisitions.
Financials & metrics
as of 04 Jul 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
Tap any metric for an explanation.● provider● computedN/A not available from source
Income-statement history isn't available for this security.
Dividends
This company does not currently pay a dividend.
Analyst assessment
as of 04 Jul 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.