Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services in East Asia, the Americas, Europe, South West Pacific, West Asia, and Africa.
The last earnings update was 65 days ago.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Singapore Airlines. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Singapore Airlines's earnings available for a low price, and how does
this compare to other companies in the same industry?
Singapore Airlines's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
Singapore Airlines's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Singapore Airlines's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Singapore Airlines's finances.
The net worth of a company is the difference between its assets and liabilities.
Singapore Airlines's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Singapore Airlines's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Singapore Airlines's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.7x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Goh Choon Phong joined Singapore Airlines in 1990 and has held senior management positions in Singapore as well as overseas. Mr. Goh joined the Airline's Board on October 1, 2010 and was appointed CEO on January 1, 2011. Mr. Goh became Executive Vice-President Marketing and the Regions in June 2010. Prior to that, he was President of Singapore Airlines Cargo for four years. Previous senior positions with Singapore Airlines included Senior Vice-President Finance, Senior Vice-President Information Technology and Senior Vice-President Commercial Technology. His overseas assignments were in China and Scandinavia. Mr. Goh is a Board Director of SIA Engineering Company; is Chairman of Budget Aviation Holdings Pte Ltd, which owns and manages Scoot; is a member of the National University of Singapore Board of Trustees; and is an Independent Director on the Board of Mastercard Incorporated. Mr. Goh is a member of the Board of Governors of the International Air Transport Association, and was its Chairman between June 2017 and June 2018. Mr. Goh is also a member of the MIT Presidential CEO Advisory Board, made up of CEOs from leading companies in a variety of industries around the world. Mr. Goh previously served on the Board of Directors for Mount Alvernia Hospital as well as Virgin Australia Holdings Limited. He was also a member of the Care and Share Committee of the Singapore50 Steering Committee of the National Council of Social Service. Mr. Goh was the 2015 recipient of the Centre for Aviation's 'Asia-Pacific Airline CEO of the Year Award'. In 2016 he received the 'CEO Lifetime Achievement Award' from the Airline Passenger Experience Association as well as the 'Eisenhower Global Innovation Award' from the Business Council for International Understanding. He was also named the 'Outstanding Chief Executive Officer of the Year' in the Singapore Business Awards 2017. Mr. Goh holds a Master of Science in Electrical Engineering and Computer Science as well as three Bachelor of Science degrees, in Computer Science and Engineering, Management Science and Cognitive Science, all from the Massachusetts Institute of Technology.
Choon Phong's compensation has been consistent with company performance over the past year.
Choon Phong's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Singapore Airlines management team is over 5 years, this suggests they are a seasoned and experienced team.
Choon Phong Goh
CEO & Non-Independent Executive Director
Siok Hua Chia
Divisional Vice President of Finance
Executive Vice President of Human Resources & Operations
Senior Vice President of Sales & Marketing
Executive Vice President of Commercial
Senior Vice President of Cabin Crew
Senior Vice President of Customer Services & Operations
Yau Seng Chin
Senior Vice President of Cargo
Senior Vice President of Finance
Senior Vice President of Special Projects
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Singapore Airlines board of directors is less than 3 years, this suggests a new board.
Should Singapore Airlines Limited’s (SGX:C6L) Weak Investment Returns Worry You?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:
Is Singapore Airlines Limited (SGX:C6L) A Good Dividend Stock?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Singapore Airlines Limited (SGX:C6L) has paid dividends to shareholders, and these days it yields 4.1%. … Let's take a look at Singapore Airlines in more detail.
Is Singapore Airlines Limited's (SGX:C6L) ROE Of 3.1% Concerning?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every SGD1 worth of equity in the company, it was able to earn SGD0.031. … Return on Equity = Net Profit ÷ Shareholders' Equity
Did Changing Sentiment Drive Singapore Airlines's Share Price Down By 12%?
Unfortunately, that's been the case for longer term Singapore Airlines Limited (SGX:C6L) shareholders, since the share price is down 12% in the last three years, falling well short of the market return of around 26%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the three years that the share price fell, Singapore Airlines's earnings per share (EPS) dropped by 17% each year.
What Kind Of Shareholders Own Singapore Airlines Limited (SGX:C6L)?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … Taking a look at the our data on the ownership groups (below), it's seems that.
Is Singapore Airlines Limited (SGX:C6L) Overpaying Its CEO?
In 2011 Choon Phong Goh was appointed CEO of Singapore Airlines Limited (SGX:C6L). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Choon Phong Goh's Compensation Compare With Similar Sized Companies?
Why We’re Not Impressed By Singapore Airlines Limited’s (SGX:C6L) 3.2% ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Something To Consider Before Buying Singapore Airlines Limited (SGX:C6L) For The 4.3% Dividend
Historically, Singapore Airlines Limited (SGX:C6L) has been paying a dividend to shareholders. … Does Singapore Airlines tick all the boxes of a great dividend stock? … See our latest analysis for Singapore Airlines
Is Singapore Airlines Limited's (SGX:C6L) Future Growth Already Accounted For In Today's Price?
Singapore Airlines Limited (SGX:C6L) is considered a high growth stock. … However its last closing price of SGD9.51 left investors wondering whether this growth has already been factored into the share price. … Singapore Airlines is poised for extremely high earnings growth in the near future
Can We See Significant Institutional Ownership On The Singapore Airlines Limited (SGX:C6L) Share Register?
Every investor in Singapore Airlines Limited (SGX:C6L) should be aware of the most powerful shareholder groups. … With a market capitalization of S$11.3b, Singapore Airlines is rather large. … View our latest analysis for Singapore Airlines
Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services in East Asia, the Americas, Europe, South West Pacific, West Asia, and Africa. The company also offers engineering services, air charters, and tour wholesaling and related services, as well as trains pilots. In addition, it engages in the provision of aircraft maintenance services, including technical and non-technical handling at the airport; maintenance, repair, and overhaul of aircraft and cabin components/systems; and aviation insurance services. Further, the company is involved in the repair and overhaul of aircraft and cabin components/systems; providing and marketing cargo community systems; marketing and supporting portal services for the air cargo industry; and reservation service systems. As of March 31, 2018, its operating fleet consisted of 186 aircraft, which included 179 passenger aircraft and 7 freighters. The company was founded in 1947 and is based in Singapore. Singapore Airlines Limited operates as a subsidiary of Temasek Holdings (Private) Limited.
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