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C6L

Singapore AirlinesSGX:C6L Stock Report

Last Price

S$4.98

Market Cap

S$14.8b

7D

-1.4%

1Y

21.2%

Updated

25 Jan, 2022

Data

Company Financials +
C6L fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health3/6
Dividends0/6

C6L Stock Overview

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines, SilkAir, and Scoot brands in East Asia, the Americas, Europe, South West Pacific, West Asia, and Africa.

Rewards

Trading at 63.8% below our estimate of its fair value

Earnings are forecast to grow 81.31% per year

Risk Analysis

No risks detected for C6L from our risk checks.

Singapore Airlines Competitors

United Parcel Service

NYSE:UPS

US$175.5b

FedEx

NYSE:FDX

US$64.7b

A.P. Møller - Mærsk

CPSE:MAERSK B

kr.398.6b

DSV

CPSE:DSV

kr.299.5b

Price History & Performance

Summary of all time highs, changes and price drops for Singapore Airlines
Historical stock prices
Current Share PriceS$4.98
52 Week HighS$5.78
52 Week LowS$4.05
Beta1.0
1 Month Change1.01%
3 Month Change-4.78%
1 Year Change21.17%
3 Year Change-48.34%
5 Year Change-49.70%
Change since IPO-23.97%

Recent News & Updates

Jun 18
Is Singapore Airlines (SGX:C6L) Weighed On By Its Debt Load?

Is Singapore Airlines (SGX:C6L) Weighed On By Its Debt Load?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

C6LSG AirlinesSG Market
7D-1.4%0.3%-1.1%
1Y21.2%16.6%4.0%

Return vs Industry: C6L exceeded the SG Airlines industry which returned 17.9% over the past year.

Return vs Market: C6L exceeded the SG Market which returned 4.1% over the past year.

Price Volatility

Is C6L's price volatile compared to industry and market?
C6L volatility
C6L Average Weekly Movement2.5%
Airlines Industry Average Movement4.6%
Market Average Movement4.5%
10% most volatile stocks in SG Market11.9%
10% least volatile stocks in SG Market2.1%

Stable Share Price: C6L is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: C6L's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194722,934Choon Phong Gohhttps://www.singaporeair.com

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines, SilkAir, and Scoot brands in East Asia, the Americas, Europe, South West Pacific, West Asia, and Africa. It operates through Singapore Airlines, SilkAir, Budget Aviation, and SIAEC segments. The company also offers engineering services, air charters, and tour wholesaling and related services, as well as trains pilots and refurbishes aircraft galleys.

Singapore Airlines Fundamentals Summary

How do Singapore Airlines's earnings and revenue compare to its market cap?
C6L fundamental statistics
Market CapS$14.78b
Earnings (TTM)-S$1.64b
Revenue (TTM)S$5.01b

3.0x

P/S Ratio

-9.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
C6L income statement (TTM)
RevenueS$5.01b
Cost of RevenueS$3.66b
Gross ProfitS$1.35b
ExpensesS$2.99b
Earnings-S$1.64b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 24, 2022

Earnings per share (EPS)-0.55
Gross Margin26.89%
Net Profit Margin-32.75%
Debt/Equity Ratio51.2%

How did C6L perform over the long term?

See historical performance and comparison

Valuation

Is Singapore Airlines undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: C6L (SGD4.98) is trading below our estimate of fair value (SGD13.77)

Significantly Below Fair Value: C6L is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: C6L is unprofitable, so we can't compare its PE Ratio to the Asian Airlines industry average.

PE vs Market: C6L is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate C6L's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: C6L is good value based on its PB Ratio (0.7x) compared to the XA Airlines industry average (2x).


Future Growth

How is Singapore Airlines forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

81.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C6L is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.8%).

Earnings vs Market: C6L is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: C6L's is expected to become profitable in the next 3 years.

Revenue vs Market: C6L's revenue (28.1% per year) is forecast to grow faster than the SG market (7.5% per year).

High Growth Revenue: C6L's revenue (28.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: C6L's Return on Equity is forecast to be low in 3 years time (4.4%).


Past Performance

How has Singapore Airlines performed over the past 5 years?

-64.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C6L is currently unprofitable.

Growing Profit Margin: C6L is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: C6L is unprofitable, and losses have increased over the past 5 years at a rate of 64.7% per year.

Accelerating Growth: Unable to compare C6L's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: C6L is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (1.1%).


Return on Equity

High ROE: C6L has a negative Return on Equity (-7.33%), as it is currently unprofitable.


Financial Health

How is Singapore Airlines's financial position?


Financial Position Analysis

Short Term Liabilities: C6L's short term assets (SGD15.4B) exceed its short term liabilities (SGD5.7B).

Long Term Liabilities: C6L's short term assets (SGD15.4B) do not cover its long term liabilities (SGD16.4B).


Debt to Equity History and Analysis

Debt Level: C6L has more cash than its total debt.

Reducing Debt: C6L's debt to equity ratio has increased from 6.3% to 51.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: C6L has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if C6L has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Singapore Airlines's current dividend yield, its reliability and sustainability?

0.65%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate C6L's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate C6L's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if C6L's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if C6L's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: C6L is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of C6L's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Choon Phong Goh (58 yo)

11yrs

Tenure

S$2,774,962

Compensation

Mr. Choon Phong Goh has been Non-Executive and Non-Independent Director of SIA Engineering Company Limited since January 1, 2011. Mr. Goh is a Director of Singapore Airlines Ltd., since October 1, 2010 and...


CEO Compensation Analysis

Compensation vs Market: Choon Phong's total compensation ($USD2.06M) is below average for companies of similar size in the SG market ($USD4.81M).

Compensation vs Earnings: Choon Phong's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: C6L's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: C6L's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Singapore Airlines Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Singapore Airlines Limited
  • Ticker: C6L
  • Exchange: SGX
  • Founded: 1947
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: S$14.778b
  • Shares outstanding: 2.97b
  • Website: https://www.singaporeair.com

Number of Employees


Location

  • Singapore Airlines Limited
  • Airline House
  • 25 Airline Road
  • Singapore
  • 819829
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/25 15:49
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.