Singapore Airlines Future Growth

Future criteria checks 0/6

Singapore Airlines's earnings are forecast to decline at 23.8% per annum while its annual revenue is expected to grow at 2.5% per year. EPS is expected to decline by 11.5% per annum. Return on equity is forecast to be 6.5% in 3 years.

Key information

-23.8%

Earnings growth rate

-11.5%

EPS growth rate

Airlines earnings growth	10.0%
Revenue growth rate	2.5%
Future return on equity	6.5%
Analyst coverage	Good
Last updated	29 Apr 2024

Recent future growth updates

Recent updates

Singapore Airlines Limited's (SGX:C6L) Business Is Trailing The Market But Its Shares Aren't

Mar 19

At S$7.32, Is It Time To Put Singapore Airlines Limited (SGX:C6L) On Your Watch List?

Feb 19

Returns Are Gaining Momentum At Singapore Airlines (SGX:C6L)

Feb 05

With EPS Growth And More, Singapore Airlines (SGX:C6L) Makes An Interesting Case

Jan 22

These 4 Measures Indicate That Singapore Airlines (SGX:C6L) Is Using Debt Safely

Dec 11

Singapore Airlines' (SGX:C6L) Robust Earnings Are Supported By Other Strong Factors

Nov 11

When Should You Buy Singapore Airlines Limited (SGX:C6L)?

Nov 06

Forecast: Analysts Think Singapore Airlines Limited's (SGX:C6L) Business Prospects Have Improved Drastically

Aug 01

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

Jun 13

Does Singapore Airlines (SGX:C6L) Have A Healthy Balance Sheet?

Mar 07

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

Jun 18

Is Singapore Airlines (SGX:C6L) A Risky Investment?

Dec 10

Earnings and Revenue Growth Forecasts

SGX:C6L - Analysts future estimates and past financials data (SGD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	20,241	1,335	N/A	N/A	1
3/31/2026	19,642	1,253	360	3,959	9
3/31/2025	19,204	2,100	881	4,461	11
3/31/2024	18,739	2,563	2,547	4,210	11
9/30/2023	18,521	2,671	5,349	6,780	N/A
6/30/2023	18,148	2,414	6,396	7,955	N/A
3/31/2023	17,775	2,157	7,442	9,130	N/A
12/31/2022	15,490	1,479	6,157	8,378	N/A
9/30/2022	13,204	802	4,872	7,625	N/A
6/30/2022	10,410	-80	2,395	5,333	N/A
3/31/2022	7,615	-962	-82	3,042	N/A
12/31/2021	6,312	-1,301	-1,782	1,381	N/A
9/30/2021	5,008	-1,640	-3,482	-279	N/A
6/30/2021	4,412	-2,956	-4,772	-1,786	N/A
3/31/2021	3,816	-4,271	-6,062	-3,292	N/A
12/31/2020	5,906	-4,601	-5,679	-2,829	N/A
9/30/2020	9,286	-3,885	-4,921	-1,653	N/A
6/30/2020	12,691	-2,057	-3,500	547	N/A
3/31/2020	15,976	-212	-2,463	2,732	N/A
12/31/2019	16,870	723	-1,596	3,594	N/A
9/30/2019	16,741	692	-2,180	3,228	N/A
6/30/2019	16,581	654	-2,358	2,984	N/A
3/31/2019	16,323	683	-2,867	2,801	N/A
12/31/2018	16,265	761	-2,840	2,706	N/A
9/30/2018	16,001	866	-2,789	2,738	N/A
6/30/2018	15,786	1,103	-2,798	2,626	N/A
3/31/2018	15,806	1,302	-2,658	2,611	N/A
12/31/2017	15,500	882	-2,550	2,781	N/A
9/30/2017	15,270	670	-2,358	2,500	N/A
6/30/2017	15,075	442	N/A	2,418	N/A
3/31/2017	14,869	360	N/A	2,533	N/A
12/31/2016	14,877	723	N/A	2,776	N/A
9/30/2016	14,971	821	N/A	2,787	N/A
6/30/2016	15,163	970	N/A	2,982	N/A
3/31/2016	15,239	804	N/A	3,006	N/A
12/31/2015	15,399	619	N/A	2,446	N/A
9/30/2015	15,556	547	N/A	2,327	N/A
6/30/2015	15,617	424	N/A	2,203	N/A
3/31/2015	15,566	368	N/A	2,067	N/A
12/31/2014	15,314	355	N/A	1,666	N/A
9/30/2014	15,090	203	N/A	1,949	N/A
6/30/2014	15,086	273	N/A	1,895	N/A
3/31/2014	15,244	360	N/A	2,098	N/A
12/31/2013	15,282	401	N/A	2,106	N/A
9/30/2013	15,268	493	N/A	2,202	N/A
6/30/2013	15,161	423	N/A	2,148	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: C6L's earnings are forecast to decline over the next 3 years (-23.8% per year).

Earnings vs Market: C6L's earnings are forecast to decline over the next 3 years (-23.8% per year).

High Growth Earnings: C6L's earnings are forecast to decline over the next 3 years.

Revenue vs Market: C6L's revenue (2.5% per year) is forecast to grow slower than the SG market (3.6% per year).

High Growth Revenue: C6L's revenue (2.5% 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 (6.5%).

Singapore Airlines Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 10%

Consensus EPS estimates increase by 21%

Consensus EPS estimates increase by 19%

Consensus EPS estimates increase by 13%

Consensus EPS estimates increase by 13%

Consensus estimates of losses per share improve by 10%

Recent updates

Singapore Airlines Limited to Report Fiscal Year 2024 Results on May 15, 2024

Singapore Airlines Limited's (SGX:C6L) Business Is Trailing The Market But Its Shares Aren't

Air India and Vistara Merger in Progress, Awaiting Approvals

Consensus EPS estimates fall by 10%

At S$7.32, Is It Time To Put Singapore Airlines Limited (SGX:C6L) On Your Watch List?

Returns Are Gaining Momentum At Singapore Airlines (SGX:C6L)

With EPS Growth And More, Singapore Airlines (SGX:C6L) Makes An Interesting Case

These 4 Measures Indicate That Singapore Airlines (SGX:C6L) Is Using Debt Safely

Singapore Airlines Limited Announces Interim Dividend for the Financial Half-Year Ending 30 September 2023

Upcoming dividend of S$0.10 per share at 6.0% yield

Singapore Airlines (SGX:C6L) Has Announced A Dividend Of SGD0.10

New major risk - Revenue and earnings growth

Returns On Capital At Singapore Airlines (SGX:C6L) Have Stalled

Singapore Airlines Limited to Report First Half, 2024 Results on Nov 07, 2023

What Is Singapore Airlines Limited's (SGX:C6L) Share Price Doing?

Singapore Airlines Limited Announces Cessation of Mak Swee Wah as Executive Vice President Operations and Chief Operations Officer

Singapore Airlines Limited Approves Final Dividend for the Year Ended March 31, 2023

Singapore Airlines (SGX:C6L) Has Some Way To Go To Become A Multi-Bagger

Consensus EPS estimates increase by 21%

Upcoming dividend of S$0.28 per share at 5.1% yield

Is Singapore Airlines (SGX:C6L) Using Too Much Debt?

Singapore Airlines Limited, Annual General Meeting, Jul 27, 2023

Consensus EPS estimates increase by 19%

Singapore Airlines Reportedly May Raise Stake in Air India to 40%

Singapore Airlines Limited Announces CFO Changes, Effective 10 September 2023

Is Now An Opportune Moment To Examine Singapore Airlines Limited (SGX:C6L)?

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase by 13%

Be Wary Of Singapore Airlines (SGX:C6L) And Its Returns On Capital

Is It Too Late To Consider Buying Singapore Airlines Limited (SGX:C6L)?

Consensus EPS estimates increase by 13%

Singapore Airlines (SGX:C6L) Seems To Use Debt Quite Sensibly

Capital Allocation Trends At Singapore Airlines (SGX:C6L) Aren't Ideal

Upcoming dividend of S$0.10 per share

Air India Limited entered into an implementation agreement to acquire 49% stake in Tata SIA Airlines Limited from Singapore Airlines Limited (SGX:C6L).

Singapore Airlines' (SGX:C6L) Robust Earnings Are Supported By Other Strong Factors

When Should You Buy Singapore Airlines Limited (SGX:C6L)?

Singapore Airlines Limited Declares Interim Dividend for the Half-Year Ended 30 September 2022, Payable on December 22, 2022

First half 2023 earnings released: EPS: S$0.14 (vs S$0.13 loss in 1H 2022)

Singapore Airlines Reportedly Pursues Air India Stake to Expand Market Presence

Independent Chairman recently bought S$157k worth of stock

Forecast: Analysts Think Singapore Airlines Limited's (SGX:C6L) Business Prospects Have Improved Drastically

Singapore Airlines Limited to Report Q3, 2023 Results on Feb 21, 2023

Singapore Airlines Limited to Report Q1, 2023 Results on Jul 28, 2022

Full year 2022 earnings: EPS exceeds analyst expectations

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

Full year 2022 earnings: Revenues in line with analyst expectations

Singapore Airlines Limited to Report Fiscal Year 2022 Results on May 18, 2022

Does Singapore Airlines (SGX:C6L) Have A Healthy Balance Sheet?

Consensus estimates of losses per share improve by 10%

Consensus forecasts updated

First half 2022 earnings released: S$0.28 loss per share (vs S$0.99 loss in 1H 2021)

Singapore Airlines Reportedly Open to Air India-Vistara Synergies Post Tata Deal

Independent Chairman recently bought S$157k worth of stock

Consensus EPS estimates fall to -S$0.35

Full year 2021 earnings released: S$1.16 loss per share (vs S$0.18 loss in FY 2020)

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

Singapore Airlines Limited(SGX:1P2R) dropped from FTSE All-World Index (USD)

Consensus EPS estimates fall to -S$0.25

Full year 2021 earnings released

Singapore Airlines Limited to Report Fiscal Year 2021 Results on May 19, 2021

Singapore Airlines Limited to Begin Boeing 737-800 NG Operations from March with Phuket Services

Singapore Airlines Limited to Report Q3, 2021 Results on Feb 04, 2021

Employee Group, Interups to Bid for Air India

Tata Reportedly to Go Solo for Air India EOI

Is Singapore Airlines (SGX:C6L) A Risky Investment?

Singapore Airlines Mulls Sale of Some of Its Aircraft

Singapore Airlines Limited Proposes No Interim Dividend for the Half-Year Ended 30 September 2020

SIA Group to Rationalise Staff Numbers Amid Unprecedented Global Aviation Crisis