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.
Moderate growth potential and overvalued.
Share Price & News
How has Singapore Airlines's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C6L's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: C6L underperformed the SG Airlines industry which returned -33% over the past year.
Return vs Market: C6L underperformed the SG Market which returned -21.6% over the past year.
Price Volatility Vs. Market
How volatile is Singapore Airlines's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Many Singapore Airlines Limited (SGX:C6L) Shares Do Institutions Own?
4 months ago | Simply Wall StHere's What Singapore Airlines Limited's (SGX:C6L) P/E Is Telling Us
4 months ago | Simply Wall StDoes Singapore Airlines Limited's (SGX:C6L) CEO Pay Reflect Performance?
Is Singapore Airlines undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: C6L (SGD3.81) is trading above our estimate of fair value (SGD0.7)
Significantly Below Fair Value: C6L is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: C6L is unprofitable, so we can't compare its PE Ratio to the XA 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 (0.5x) compared to the XA Airlines industry average (0.8x).
How is Singapore Airlines forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
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 (2.2%).
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 (2.8% per year) is forecast to grow slower than the SG market (4.2% per year).
High Growth Revenue: C6L's revenue (2.8% per year) is forecast to grow slower 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 (3.4%).
How has Singapore Airlines performed over the past 5 years?
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, but has reduced losses over the past 5 years at a rate of 0.1% 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 (-24.9%).
Return on Equity
High ROE: C6L has a negative Return on Equity (-1.74%), as it is currently unprofitable.
How is Singapore Airlines's financial position?
Financial Position Analysis
Short Term Liabilities: C6L's short term assets (SGD4.8B) do not cover its short term liabilities (SGD11.0B).
Long Term Liabilities: C6L's short term assets (SGD4.8B) do not cover its long term liabilities (SGD13.0B).
Debt to Equity History and Analysis
Debt Level: C6L's debt to equity ratio (102.3%) is considered high.
Reducing Debt: C6L's debt to equity ratio has increased from 12.7% to 102.3% over the past 5 years.
Debt Coverage: C6L's debt is well covered by operating cash flow (27.5%).
Interest Coverage: C6L is unprofitable, therefore interest payments are not well covered by earnings.
What is Singapore Airlines's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Choon Phong Goh (57yo)
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 and the Chief Executive Officer of Singapore Airlines ...
CEO Compensation Analysis
Compensation vs Market: Choon Phong's total compensation ($USD3.04M) is about average for companies of similar size in the SG market ($USD3.06M).
Compensation vs Earnings: Choon Phong's compensation has been consistent with company performance over the past year.
|CEO & Non-Independent Executive Director||9.5yrs||S$4.22m||0.096% SGD10.8m|
|Divisional Vice President of Finance||no data||no data||no data|
|Vice President of Public Affairs||0.92yr||no data||no data|
|Senior Vice President of Human Resources||no data||no data||no data|
|Executive Vice President of Operations||9.42yrs||no data||0.020% SGD2.3m|
|Senior Vice President of Cabin Crew||9.58yrs||no data||no data|
|Senior Vice President of Customer Services & Operations||7.83yrs||no data||no data|
|Senior Vice President of Cargo||2.25yrs||no data||no data|
|Senior Vice President of Finance||6.42yrs||no data||no data|
|Executive Vice President of Commercial||0.25yr||no data||0.0021% SGD238.2k|
Experienced Management: C6L's management team is seasoned and experienced (7.1 years average tenure).
|CEO & Non-Independent Executive Director||9.5yrs||S$4.22m||0.096% SGD10.8m|
|Independent Chairman||3.5yrs||S$800.90k||0.0021% SGD235.9k|
|Independent Non-Executive Director||3.08yrs||S$185.02k||0.00058% SGD65.5k|
|Independent Non-Executive Director||3.83yrs||S$168.21k||0.00018% SGD20.3k|
|Independent Non-Executive Director||7.5yrs||S$218.23k||0.00060% SGD67.7k|
|Independent Non-Executive Director||3.17yrs||S$269.58k||0.00029% SGD32.7k|
|Independent Non-Executive Director||7.83yrs||S$193.38k||0.00051% SGD57.6k|
|Independent Non-Executive Director||1.83yrs||S$205.46k||0.000090% SGD10.2k|
|Independent Non-Executive Director||1.5yrs||S$183.96k||0.00011% SGD12.4k|
Experienced Board: C6L's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: C6L insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 150.3%.
Singapore Airlines Limited's company bio, employee growth, exchange listings and data sources
- Name: Singapore Airlines Limited
- Ticker: C6L
- Exchange: SGX
- Founded: 1947
- Industry: Airlines
- Sector: Transportation
- Market Cap: S$11.288b
- Shares outstanding: 2.96b
- Website: https://www.singaporeair.com
Number of Employees
- Singapore Airlines Limited
- Airline House
- 25 Airline Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|C6L||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jan 1992|
|SIA1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|SING.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|SING.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Dec 2008|
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. In addition, it provides aircraft maintenance services, including technical and non-technical handling at the airport; maintenance, repair, and overhaul of aircraft and cabin components/systems; repair and overhaul of hydromechanical equipment; line maintenance and ground handling; aviation insurance; and airframe maintenance and component overhaul services, as well as manufactures aircraft cabin parts and tooling for the aerospace industry. Further, the company offers marketing cargo community systems; marketing and supporting portal services for the air cargo industry; and reservation service systems, as well as travel-related retail services. Additionally, it provides travel booking and related services through an online portal. As of March 31, 2020, it operated a fleet of 203 aircraft, which include 196 passenger aircrafts and 7 freighters. The company was founded in 1947 and is headquartered in Singapore. Singapore Airlines Limited is a subsidiary of Temasek Holdings (Private) Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/12 12:40|
|End of Day Share Price||2020/07/09 00:00|
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.