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Singapore Exchange Ltd (SPXCY)
OTHER OTC:SPXCY

Singapore Exchange (SPXCY) Price & Analysis

41 Followers

SPXCY Stock Chart & Stats

$27.61
$0.02(0.11%)
At close: 4:00 PM EST
$27.61
$0.02(0.11%)

Bulls Say, Bears Say

Bulls Say
Strong Cash GenerationSGX reported a 40.3% increase in free cash flow and FCF/net income ~0.92, showing durable cash conversion. This reliable cash generation supports sustained dividends, reinvestment in platforms, selective debt paydown and gives the group flexibility to fund growth initiatives through business cycles.
High Margins & Revenue GrowthVery high gross (74%) and net (~47%) margins plus ~11% revenue growth reflect a scalable, fee‑based marketplace model with strong pricing power. Diversified fee streams across equities, FX, FICC and derivatives support margin sustainability and ability to absorb measured investments without large profit erosion.
Product Innovation & Market ExpansionIntroduction of crypto perpetual futures, long‑dated JGB futures and other new listings plus continued platform modernization materially broaden SGX's addressable market. Combined with a partnership to launch a Global Listing Board, these structural moves diversify fee pools and strengthen competitive positioning over the medium term.
Bears Say
Treasury Income SensitivityTreasury income is a recurring component of reported net revenue and management flagged material decline from rate and currency moves. This exposes SGX to structural interest‑rate and currency risk that can depress reported top‑line and margins if rate/currency conditions remain unfavorable.
Revenue Cyclicality From Market VolumesA material portion of revenue derives from trading volumes and volatility. Management noted comparisons to a strong prior year and macro‑driven volumes. This structurally increases revenue and earnings variability across cycles, complicating medium‑term predictability absent secular increases in market activity.
Underperforming Acquisition & M&A UncertaintyA $15m impairment on the Scientific Beta business signals an acquisition that failed to meet expectations and suggests integration or market fit issues. Coupled with no clear timetable for bolt‑on deals, this raises structural execution risk for inorganic growth and the ability to diversify revenue via M&A.

Singapore Exchange News

SPXCY FAQ

What was Singapore Exchange Ltd’s price range in the past 12 months?
Singapore Exchange Ltd lowest stock price was $18.00 and its highest was $31.70 in the past 12 months.
    What is Singapore Exchange Ltd’s market cap?
    Singapore Exchange Ltd’s market cap is $16.96B.
      When is Singapore Exchange Ltd’s upcoming earnings report date?
      Singapore Exchange Ltd’s upcoming earnings report date is Jul 30, 2026 which is in 112 days.
        How were Singapore Exchange Ltd’s earnings last quarter?
        Singapore Exchange Ltd released its earnings results on Feb 04, 2026. The company reported $0.497 earnings per share for the quarter, beating the consensus estimate of N/A by $0.497.
          Is Singapore Exchange Ltd overvalued?
          According to Wall Street analysts Singapore Exchange Ltd’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Singapore Exchange Ltd pay dividends?
            Singapore Exchange Ltd pays a Monthly dividend of $0.132 which represents an annual dividend yield of 1.98%. See more information on Singapore Exchange Ltd dividends here
              What is Singapore Exchange Ltd’s EPS estimate?
              Singapore Exchange Ltd’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does Singapore Exchange Ltd have?
              Singapore Exchange Ltd has 535,821,200 shares outstanding.
                What happened to Singapore Exchange Ltd’s price movement after its last earnings report?
                Singapore Exchange Ltd reported an EPS of $0.497 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.735%.
                  Which hedge fund is a major shareholder of Singapore Exchange Ltd?
                  Currently, no hedge funds are holding shares in SPXCY
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Singapore Exchange Stock Smart Score

                    6
                    Neutral
                    1
                    2
                    3
                    4
                    5
                    6
                    7
                    8
                    9
                    10

                    Technicals

                    SMA
                    Positive
                    20 days / 200 days
                    Momentum
                    49.28%
                    12-Months-Change

                    Fundamentals

                    Return on Equity
                    29.01%
                    Trailing 12-Months
                    Asset Growth
                    10.28%
                    Trailing 12-Months

                    Company Description

                    Singapore Exchange Ltd

                    Singapore Exchange Limited, together with its subsidiaries, operates as an integrated securities and derivatives exchange, and related clearing houses in Singapore. It operates through Fixed Income, Currencies, and Commodities; Equities; and Data, Connectivity, and Indices segments. The Fixed Income, Currencies, and Commodities segment offers fixed income issuer, trading and clearing, and collateral management services. The Equities segment provides issuer, securities trading and clearing, securities settlement and depository management, derivatives trading and clearing, and collateral management services. The Data, Connectivity, and Indices segment offers market data, connectivity, and indices services. It also provides counterparty guarantee, and depository and related services for securities and derivatives transactions; bond trading services; front-line regulatory functions; computer and software maintenance; operates an electronic foreign exchange trading platform; and management consultancy services for index activities. In addition, the company offers membership and management services to related corporations; distributes bulk freight market indices and information; and operates an electricity market, as well as provides administration services for index calculation, risk analyses, and financial research. It has an agreement in relation to a global partnership to grow New Zealand's Exchange's dairy derivatives market together. Singapore Exchange Limited was incorporated in 1999 and is headquartered in Singapore.

                    Singapore Exchange (SPXCY) Earnings & Revenues

                    SPXCY Company Deck

                    SPXCY Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed strong, broad-based operating performance across multiple business lines with record or multi-year highs in revenue, FX volume, SDAV and derivatives activity. Management highlighted margin expansion, a healthy balance sheet, a meaningful rise in dividends, continued investment in platform and product innovation (including crypto perpetual futures and long-dated JGB futures), and an expanding IPO pipeline including the NASDAQ GLB partnership. Key headwinds were a decline in treasury income, a $15 million impairment at Scientific Beta, a modest fall in equity derivatives revenue (-6%), and some higher operating costs. Overall, the positive operational momentum and financial strength substantially outweigh the identified challenges, which appear manageable and mostly non-recurring or being actively mitigated.View all SPXCY earnings summaries
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                    Ownership Overview

                    0.06%<0.01%99.94%
                    Insiders
                    <0.01% Other Institutional Investors
                    99.94% Public Companies and
                    Individual Investors

                    Options Prices

                    Currently, No data available
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