S68 (Singapore Exchange Ltd) vs FTSE Straits Times Singapore Comparison

S68

FTSE Straits Times Singapore

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S68

FTSE Straits Times Singapore

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S68

FTSE Straits Times Singapore

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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FTSE Straits Times Singapore

S68

SPGI

MCO

ICE

CME

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Singapore Exchange Ltd
Glance View

Market Cap

13.3B SGD

Industry

Financial Services

Singapore Exchange Ltd., often abbreviated as SGX, stands tall as a pivotal financial hub in Asia's bustling economic landscape. Established in 1999 through the merger of two deeply-rooted entities—the Stock Exchange of Singapore and the Singapore International Monetary Exchange—SGX was poised from its inception to become a crucial player on the international stage. Nestled in the heart of Singapore's financial district, SGX facilitates a seamless trading environment for equities, fixed-income securities, derivatives, and a range of other financial instruments. With its dynamic multi-asset platform, the exchange serves as a vital conduit for investors, offering them access to a diverse array of asset classes that capture the pulse of the market. The company's robust infrastructure and regulatory framework ensure transparency, liquidity, and confidence for both issuers and investors worldwide. Profitability for SGX is driven by a diversified revenue stream that reflects its multifaceted operations. The lion’s share of revenue is derived from trading and clearing fees, where it charges participants for buying and selling activities on its platform. Additionally, SGX benefits from listing fees when companies go public or issue new financial instruments, as well as from data services, which involve selling financial data and indices to various stakeholders. The exchange also capitalizes on its derivative segment, allowing participants to hedge risks or speculate on future price movements, thus enhancing liquidity and engagement. By continually innovating and expanding its offerings, SGX has successfully positioned itself as an essential platform for capital raising and risk management in the region, cementing its role as a catalyst for economic growth in the broader Asian market.

View S68 Analysis

S68 Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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US	S&P Global Inc NYSE:SPGI	Select
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US	CME Group Inc NASDAQ:CME	Select
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HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Select
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US	S&P Global Inc NYSE:SPGI	Add
US	Moody's Corp NYSE:MCO	Add
US	Intercontinental Exchange Inc NYSE:ICE	Add
US	CME Group Inc NASDAQ:CME	Add
UK	London Stock Exchange Group PLC LSE:LSEG	Add
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CN	East Money Information Co Ltd SZSE:300059	Add
US	MSCI Inc NYSE:MSCI	Add
HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Add
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S68

vs

FTSE Straits Times Singapore

Stocks Performance
S68 vs FTSE Straits Times Singapore

Performance Gap
S68 vs FTSE Straits Times Singapore

Performance By Year
S68 vs FTSE Straits Times Singapore

Competitors Performance
Singapore Exchange Ltd vs Peers

Singapore Exchange Ltd
Glance View

Company

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S68 vs FTSE Straits Times Singapore

Stocks Performance S68 vs FTSE Straits Times Singapore

Performance Gap S68 vs FTSE Straits Times Singapore

Performance By Year S68 vs FTSE Straits Times Singapore

Competitors Performance Singapore Exchange Ltd vs Peers

Singapore Exchange Ltd Glance View

Company

Help

Tools

Stocks

S68

vs

FTSE Straits Times Singapore

Stocks Performance
S68 vs FTSE Straits Times Singapore

Performance Gap
S68 vs FTSE Straits Times Singapore

Performance By Year
S68 vs FTSE Straits Times Singapore

Competitors Performance
Singapore Exchange Ltd vs Peers

Singapore Exchange Ltd
Glance View