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Singapore Airlines

SGX:C6L
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C6L
SGX
SGD12B
Market Cap
  1. Home
  2. SG
  3. Transportation
Company description

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. More info.


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C6L Share Price and Events
7 Day Returns
-0.2%
SGX:C6L
1.7%
Asia Airlines
0.3%
SG Market
1 Year Returns
-8.5%
SGX:C6L
4.1%
Asia Airlines
-6.2%
SG Market
C6L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Singapore Airlines (C6L) -0.2% 0.5% 2.7% -8.5% -14.9% -5.1%
Asia Airlines 1.7% 11.6% 25% 4.1% 30.5% 55.6%
SG Market 0.3% 3.3% 3.7% -6.2% 8.5% -3%
1 Year Return vs Industry and Market
  • C6L underperformed the Airlines industry which returned 4.1% over the past year.
  • C6L underperformed the Market in Singapore which returned -6.2% over the past year.
Price Volatility
C6L
Industry
5yr Volatility vs Market

Value

 Is Singapore Airlines undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
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 SGD9.85.
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 Singapore Airlines's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Singapore Airlines's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:C6L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.30
SGX:C6L Share Price ** SGX (2019-04-18) in SGD SGD9.85
Global Airlines Industry PE Ratio Median Figure of 40 Publicly-Listed Airlines Companies 12.81x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Singapore Airlines.

SGX:C6L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:C6L Share Price ÷ EPS (both in SGD)

= 9.85 ÷ 0.30

33.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Singapore Airlines is overvalued based on earnings compared to the Global Airlines industry average.
  • Singapore Airlines is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does Singapore Airlines's expected growth come at a high price?
Raw Data
SGX:C6L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
14.8%per year
Global Airlines Industry PEG Ratio Median Figure of 34 Publicly-Listed Airlines Companies 0.91x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

SGX:C6L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.03x ÷ 14.8%

2.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Singapore Airlines is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Singapore Airlines's assets?
Raw Data
SGX:C6L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD10.36
SGX:C6L Share Price * SGX (2019-04-18) in SGD SGD9.85
Asia Airlines Industry PB Ratio Median Figure of 5 Publicly-Listed Airlines Companies 0.95x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:C6L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:C6L Share Price ÷ Book Value per Share (both in SGD)

= 9.85 ÷ 10.36

0.95x

* Primary Listing of Singapore Airlines.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Singapore Airlines is good value based on assets compared to the Asia Airlines industry average.
X
Value checks
We assess Singapore Airlines's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Airlines industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Airlines industry average (and greater than 0)? (1 check)
  5. Singapore Airlines has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Singapore Airlines expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Singapore Airlines expected to grow at an attractive rate?
  • Singapore Airlines's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Singapore Airlines's earnings growth is expected to exceed the Singapore market average.
  • Singapore Airlines's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:C6L Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:C6L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 14.8%
SGX:C6L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 4.8%
Global Airlines Industry Earnings Growth Rate Market Cap Weighted Average 13%
Global Airlines Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:C6L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:C6L Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 18,055 2,737 819 14
2020-03-31 17,168 2,628 818 16
2019-03-31 16,438 2,412 646 12
SGX:C6L Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 16,265 2,706 353
2018-09-30 16,001 2,738 458
2018-06-30 15,786 2,626 695
2018-03-31 15,806 2,611 893
2017-12-31 15,500 2,781 882
2017-09-30 15,270 2,500 670
2017-06-30 15,075 2,418 442
2017-03-31 14,869 2,533 360
2016-12-31 14,877 2,776 723
2016-09-30 14,971 2,787 821
2016-06-30 15,163 2,982 970
2016-03-31 15,239 3,006 804

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
SGX:C6L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Singapore Airlines Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:C6L Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.70 0.80 0.51 13.00
2020-03-31 0.71 0.89 0.53 15.00
2019-03-31 0.58 0.76 0.45 14.00
SGX:C6L Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.30
2018-09-30 0.39
2018-06-30 0.59
2018-03-31 0.76
2017-12-31 0.75
2017-09-30 0.57
2017-06-30 0.37
2017-03-31 0.30
2016-12-31 0.61
2016-09-30 0.70
2016-06-30 0.83
2016-03-31 0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Singapore Airlines is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Singapore Airlines's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Singapore Airlines has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Singapore Airlines performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Singapore Airlines's growth in the last year to its industry (Airlines).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Singapore Airlines's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Singapore Airlines's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Singapore Airlines's 1-year earnings growth is negative, it can't be compared to the Global Airlines industry average.
Earnings and Revenue History
Singapore Airlines's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Singapore Airlines Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:C6L Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 16,265.40 352.50 826.80
2018-09-30 16,000.60 457.70 810.20
2018-06-30 15,786.40 694.60 793.30
2018-03-31 15,806.10 892.90 782.10
2017-12-31 15,499.70 882.20 743.40
2017-09-30 15,269.90 670.10 738.60
2017-06-30 15,075.00 441.70 726.00
2017-03-31 14,868.50 360.40 736.10
2016-12-31 14,877.20 723.40 705.40
2016-09-30 14,971.30 821.10 682.20
2016-06-30 15,163.10 969.80 697.30
2016-03-31 15,238.70 804.40 698.90
2015-12-31 15,398.80 619.30 704.10
2015-09-30 15,556.30 547.00 725.90
2015-06-30 15,616.60 424.30 704.00
2015-03-31 15,565.50 367.90 679.00
2014-12-31 15,314.20 355.30 662.60
2014-09-30 15,090.30 202.80 636.80
2014-06-30 15,085.90 272.50 631.60
2014-03-31 15,243.90 359.50 645.70
2013-12-31 15,282.30 400.80 632.20
2013-09-30 15,268.10 493.20 625.50
2013-06-30 15,161.00 422.70 624.20
2013-03-31 15,098.20 378.90 608.10
2012-12-31 15,136.70 272.40 608.50
2012-09-30 15,151.70 265.10 598.00
2012-06-30 15,057.60 369.20 574.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Singapore Airlines has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Singapore Airlines used its assets less efficiently than the Global Airlines industry average last year based on Return on Assets.
  • Singapore Airlines's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Singapore Airlines's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Airlines industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Singapore Airlines 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Singapore Airlines's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

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.
Net Worth
  • 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.
Balance sheet
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 checks below.
Assets
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.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Singapore Airlines Company Filings, last reported 3 months ago.

SGX:C6L Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,653.40 5,064.70 1,523.30
2018-09-30 14,421.80 4,481.70 2,173.20
2018-06-30 14,328.60 3,604.00 2,144.70
2018-03-31 14,619.30 3,127.30 2,748.80
2017-12-31 14,392.40 3,141.50 2,774.00
2017-09-30 13,831.90 2,949.60 3,720.20
2017-06-30 13,515.60 2,259.50 3,646.40
2017-03-31 13,470.20 1,567.80 3,936.50
2016-12-31 14,226.20 1,581.80 3,880.50
2016-09-30 13,607.00 1,161.60 4,195.70
2016-06-30 13,947.50 1,195.80 4,879.10
2016-03-31 13,132.90 1,347.50 4,656.40
2015-12-31 13,267.90 1,376.40 4,864.40
2015-09-30 13,064.40 1,394.60 5,166.30
2015-06-30 13,277.60 1,714.30 5,722.40
2015-03-31 12,930.10 1,740.00 5,226.80
2014-12-31 12,638.10 1,755.10 5,659.50
2014-09-30 13,142.00 1,445.30 5,882.80
2014-06-30 13,764.30 1,454.10 5,866.00
2014-03-31 13,574.60 967.60 5,190.50
2013-12-31 13,668.60 983.80 5,270.20
2013-09-30 13,618.20 988.70 5,415.20
2013-06-30 13,637.40 1,009.30 6,009.50
2013-03-31 13,402.10 1,020.90 5,427.30
2012-12-31 13,295.20 1,029.90 5,175.20
2012-09-30 13,263.10 1,040.50 5,210.80
2012-06-30 13,041.00 1,069.10 5,539.70
  • Singapore Airlines's level of debt (40%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.2% vs 40% today).
  • Debt is well covered by operating cash flow (53.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
X
Financial health checks
We assess Singapore Airlines's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Singapore Airlines has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.06%
Current annual income from Singapore Airlines dividends. Estimated to be 3.6% next year.
If you bought SGD2,000 of Singapore Airlines shares you are expected to receive SGD81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Singapore Airlines's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • Singapore Airlines's dividend is below the markets top 25% of dividend payers in Singapore (5.44%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:C6L Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Global Airlines Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.7%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:C6L Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.34 14.00
2020-03-31 0.37 16.00
2019-03-31 0.31 12.00
SGX:C6L Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-06-28 0.400 4.120
2017-06-30 0.200 1.869
2017-05-18 0.200 2.001
2016-11-03 0.440 4.414
2016-06-30 0.450 4.235
2016-05-12 0.450 4.238
2015-07-01 0.220 2.014
2014-05-08 0.210 1.931
2013-11-12 0.270 2.652
2013-05-16 0.230 2.252
2013-02-07 0.120 1.100
2012-11-02 0.120 1.110
2012-06-28 0.200 1.874
2012-05-09 0.200 1.945
2011-07-04 0.800 7.216
2011-05-12 0.800 5.649
2011-01-28 0.400 2.877
2010-11-09 0.400 2.582
2010-07-02 0.120 0.766
2010-02-02 0.000 0.000
2009-12-31 0.000 0.000
2009-11-10 0.000 0.000
2009-05-14 0.400 3.044
2009-04-21 1.000 8.867

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Singapore Airlines's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Singapore Airlines's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Singapore Airlines afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Singapore Airlines has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Singapore Airlines's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Choon Phong Goh
COMPENSATION SGD5,024,388
AGE 55
TENURE AS CEO 8.3 years
CEO Bio

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.

CEO Compensation
  • 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 Singapore Airlines management team in years:

6.6
Average Tenure
55
Average Age
  • The average tenure for the Singapore Airlines management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Choon Phong Goh

TITLE
CEO & Non-Independent Executive Director
COMPENSATION
SGD5M
AGE
55
TENURE
8.3 yrs

Siok Hua Chia

TITLE
Divisional Vice President of Finance

Chin Ng

TITLE
Executive Vice President of Human Resources & Operations
AGE
57

Campbell Wilson

TITLE
Senior Vice President of Sales & Marketing
AGE
47
TENURE
2.1 yrs

Swee Mak

TITLE
Executive Vice President of Commercial
AGE
57
TENURE
8.2 yrs

Pee Tan

TITLE
Senior Vice President of Cabin Crew
TENURE
8.3 yrs

Marvin Tan

TITLE
Senior Vice President of Customer Services & Operations
AGE
47
TENURE
6.6 yrs

Yau Seng Chin

TITLE
Senior Vice President of Cargo
AGE
47
TENURE
1 yrs

Stephen Barnes

TITLE
Senior Vice President of Finance
AGE
58
TENURE
5.2 yrs

Christopher Cheng

TITLE
Senior Vice President of Special Projects
Board of Directors Tenure

Average tenure and age of the Singapore Airlines board of directors in years:

2.3
Average Tenure
62.5
Average Age
  • The average tenure for the Singapore Airlines board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Seah

TITLE
Chairman
COMPENSATION
SGD377K
AGE
71
TENURE
2.3 yrs

Choon Phong Goh

TITLE
CEO & Non-Independent Executive Director
COMPENSATION
SGD5M
AGE
55
TENURE
8.5 yrs

Gautam Banerjee

TITLE
Independent Non-Executive Director
COMPENSATION
SGD207K
AGE
64
TENURE
6.3 yrs

Dominic Ho

TITLE
Independent Non-Executive Director
AGE
67
TENURE
1.9 yrs

Simon Cheong

TITLE
Independent Non-Executive Director
AGE
61
TENURE
1.8 yrs

Tsun-Yan Hsieh

TITLE
Independent Non-Executive Director
COMPENSATION
SGD174K
AGE
65
TENURE
6.6 yrs

Kim Shin Lee

TITLE
Independent Non-Executive Director
COMPENSATION
SGD90K
AGE
57
TENURE
2.6 yrs

David Gledhill

TITLE
Independent Non-Executive Director
TENURE
0.6 yrs

Swee Chen Goh

TITLE
Independent Non-Executive Director
AGE
57
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Singapore Airlines's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Singapore Airlines has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

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:

Simply Wall St -

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.

Simply Wall St -

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

Simply Wall St -

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.

Simply Wall St -

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.

Simply Wall St -

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?

Simply Wall St -

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.

Simply Wall St -

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

Simply Wall St -

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

Simply Wall St -

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

Simply Wall St -

Company Info

Description

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.

Details
Name: Singapore Airlines Limited
C6L
Exchange: SGX
Founded: 1947
SGD11,659,101,569
1,183,665,134
Website: http://www.singaporeair.com
Address: Singapore Airlines Limited
Airline House,
25 Airline Road,
Singapore,
819829,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX C6L Ordinary Shares Singapore Exchange SG SGD 02. Jan 1992
OTCPK SING.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB SIA1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK SING.Y ADR Pink Sheets LLC US USD 03. Dec 2008
Number of employees
Current staff
Staff numbers
25,989
Singapore Airlines employees.
Industry
Airlines
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:41
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.