Singapore Airlines
Market Cap
S$10.8b
Last Updated
2019/12/13 12:47 UTC
Data Sources
Company Financials +
Executive Summary
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
Risk Analysis
Snowflake Analysis
Second-rate dividend payer with questionable track record.
Similar Companies
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.3%
C6L
1.6%
SG Airlines
0.2%
SG Market
1 Year Return
-2.1%
C6L
-3.9%
SG Airlines
2.4%
SG Market
Return vs Industry: C6L exceeded the SG Airlines industry which returned -3.9% over the past year.
Return vs Market: C6L underperformed the SG Market which returned 2.4% over the past year.
Shareholder returns
| C6L | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 1.6% | 0.2% |
| 30 Day | -1.2% | -1.6% | -1.3% |
| 90 Day | -1.3% | -3.4% | -0.1% |
| 1 Year | 1.0%-2.1% | -2.0%-3.9% | 6.6%2.4% |
| 3 Year | 2.1%-6.7% | 6.8%1.1% | 17.3%4.7% |
| 5 Year | -7.1%-20.6% | -0.8%-9.8% | 14.6%-4.7% |
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
1 week ago | Simply Wall St
Don't Sell Singapore Airlines Limited (SGX:C6L) Before You Read This3 weeks ago | Simply Wall St
Singapore Airlines (SGX:C6L) Use Of Debt Could Be Considered Risky1 month ago | Simply Wall St
Singapore Airlines Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowValuation
Is Singapore Airlines undervalued compared to its fair value and its price relative to the market?
15.61x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: C6L (SGD9.13) is trading above our estimate of fair value (SGD5.39)
Significantly Below Fair Value: C6L is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: C6L is poor value based on its PE Ratio (15.6x) compared to the Airlines industry average (15.4x).
PE vs Market: C6L is poor value based on its PE Ratio (15.6x) compared to the SG market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: C6L is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: C6L is good value based on its PB Ratio (0.9x) compared to the XA Airlines industry average (1.2x).
Next Steps
Future Growth
How is Singapore Airlines forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
3.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: C6L's forecast earnings growth (3.6% per year) is above the savings rate (1.8%).
Earnings vs Market: C6L's earnings (3.6% per year) are forecast to grow slower than the SG market (6.6% per year).
High Growth Earnings: C6L's earnings are forecast to grow, but not significantly.
Revenue vs Market: C6L's revenue (4.1% per year) is forecast to grow slower than the SG market (5.6% per year).
High Growth Revenue: C6L's revenue (4.1% 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 (5.5%).
Next Steps
Past Performance
How has Singapore Airlines performed over the past 5 years?
11.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C6L has high quality earnings.
Growing Profit Margin: C6L's current net profit margins (4.1%) are lower than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: C6L's earnings have grown by 11.9% per year over the past 5 years.
Accelerating Growth: C6L's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: C6L had negative earnings growth (-20.1%) over the past year, making it difficult to compare to the Airlines industry average (-5.5%).
Return on Equity
High ROE: C6L's Return on Equity (6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Singapore Airlines's financial position?
Financial Position Analysis
Short Term Liabilities: C6L's short term assets (SGD3.6B) do not cover its short term liabilities (SGD8.7B).
Long Term Liabilities: C6L's short term assets (SGD3.6B) do not cover its long term liabilities (SGD10.7B).
Debt to Equity History and Analysis
Debt Level: C6L's debt to equity ratio (54.6%) is considered high.
Reducing Debt: C6L's debt to equity ratio has increased from 10.1% to 54.6% over the past 5 years.
Debt Coverage: C6L's debt is well covered by operating cash flow (48.5%).
Interest Coverage: C6L's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
Inventory Level: C6L has a high level of physical assets or inventory.
Debt Coverage by Assets: C6L's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is Singapore Airlines's current dividend yield, its reliability and sustainability?
3.28%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: C6L's dividend (3.29%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).
High Dividend: C6L's dividend (3.29%) is low compared to the top 25% of dividend payers in the SG market (5.46%).
Stability and Growth of Payments
Stable Dividend: C6L's dividend payments have been volatile in the past 10 years.
Growing Dividend: C6L's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.3%), C6L's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: C6L's dividends in 3 years are forecast to be covered by earnings (52% payout ratio).
Next Steps
Management
What is the CEO of Singapore Airlines's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average management tenure
CEO
Choon Phong Goh (56yo)
8.9yrs
Tenure
S$5,500,463
Compensation
Mr. Goh Choon Phong joined Singapore Airlines in 1990 and has held senior management positions in Singapore as well as overseas. Mr. Goh joined the Airline's Board on October 1, 2010 and was appointed CEO ...
CEO Compensation Analysis
Compensation vs Market: Choon Phong's total compensation ($USD4.06M) is about average for companies of similar size in the SG market ($USD4.05M).
Compensation vs Earnings: Choon Phong's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.5yrs
Average Tenure
56yo
Average Age
Experienced Management: C6L's management team is seasoned and experienced (6.5 years average tenure).
Board Age and Tenure
2.9yrs
Average Tenure
62yo
Average Age
Experienced Board: C6L's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Swee Wah Mak (58yo)
Executive Vice President of Commercial
- Tenure: 8.8yrs
Choon Phong Goh (56yo)
CEO & Non-Independent Executive Director
- Tenure: 8.9yrs
- Compensation: S$5.50m
Pee Teck Tan
Senior Vice President of Cabin Crew
- Tenure: 9yrs
Marvin Tan (48yo)
Senior Vice President of Customer Services & Operations
- Tenure: 7.3yrs
Yau Seng Chin (48yo)
Senior Vice President of Cargo
- Tenure: 1.7yrs
Stephen Barnes (59yo)
Senior Vice President of Finance
- Tenure: 5.8yrs
Chin Hwee Ng (58yo)
Executive Vice President of Human Resources & Operations
- Tenure: 0yrs
Campbell David Mcgregor Wilson (48yo)
Senior Vice President of Sales & Marketing
- Tenure: 2.8yrs
Siok Hua Chia
Divisional Vice President of Finance
- Tenure: 0yrs
Siva Govindasamy
Vice President of Public Affairs
- Tenure: 0.3yrs
Board Members
Peter Seah (72yo)
Independent Chairman
- Tenure: 2.9yrs
- Compensation: S$809.52k
Choon Phong Goh (56yo)
CEO & Non-Independent Executive Director
- Tenure: 8.9yrs
- Compensation: S$5.50m
Simon Cheong (62yo)
Independent Non-Executive Director
- Tenure: 2.5yrs
- Compensation: S$154.38k
Kim Shin Lee (58yo)
Independent Non-Executive Director
- Tenure: 3.3yrs
- Compensation: S$163.01k
Gautam Banerjee (65yo)
Independent Non-Executive Director
- Tenure: 6.9yrs
- Compensation: S$215.63k
Dominic Ho (68yo)
Independent Non-Executive Director
- Tenure: 2.6yrs
- Compensation: S$261.67k
Tsun-Yan Hsieh (66yo)
Independent Non-Executive Director
- Tenure: 7.3yrs
- Compensation: S$187.77k
David John Gledhill (57yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: S$83.75k
Swee Chen Goh (58yo)
Independent Non-Executive Director
- Tenure: 0.9yrs
- Compensation: S$41.75k
Company Information
Singapore Airlines Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Singapore Airlines Limited
- Ticker: C6L
- Exchange: SGX
- Founded: 1947
- Industry: Airlines
- Sector: Transportation
- Market Cap: S$10.773b
- Shares outstanding: 1.19b
- Website: https://www.singaporeair.com
Number of Employees
Location
- Singapore Airlines Limited
- Airline House
- 25 Airline Road
- Singapore
- 819829
- Singapore
Listings
| 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 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 12:47 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.