Skip to Content

Singapore Airlines Ltd C6L

Morningstar Rating
SGD 7.04 −0.05 (0.71%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Singapore Airlines' Load Factors Stay High, but Profit Is Normalizing

Singapore Airlines, or SIA, is Singapore’s flagship carrier with a strong brand based on superior cabin service. However, the company’s dominance had been weakened in the prepandemic years by low-cost carriers, or LCCs, and the aggressive overseas expansion of the middle east's national carriers and Chinese airlines. While SIA has been building its discount brand Scoot, the proliferation of LCCs, however, made it difficult for SIA to maintain its market share and margins at the same time. However, we think the coronavirus disruption has given SIA a temporary advantage as SIA's financial strength and well planned staff resources enabled the carrier to bring out more flights to capture the rebound in travel demand.

Price vs Fair Value

C6L is trading at a 795% premium.
Price
SGD 7.09
Fair Value
SGD 7.90
Uncertainty
Low
1-Star Price
SGD 4.68
5-Star Price
SGD 9.88
Economic Moat
Kmt
Capital Allocation
Jfzwfnc

Bulls Say, Bears Say

Bulls

SIA's load factors and yields with remain higher for longer given slower capacity builds by competitors.

Bears

The recovery in profits among most airlines is allowing expansion of routes to resume leading to intensive competition that will hurt SIA's profits.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if C6L is a good fit for your portfolio.

News

Trading Information

Previous Close Price
SGD 7.09
Day Range
SGD 7.037.09
52-Week Range
SGD 5.877.60
Bid/Ask
SGD 7.03 / SGD 7.04
Market Cap
SGD 20.96 Bil
Volume/Avg
3.5 Mil / 5.1 Mil

Key Statistics

Price/Earnings (Normalized)
11.90
Price/Sales
1.11
Dividend Yield (Trailing)
5.36%
Dividend Yield (Forward)
5.36%
Total Yield
5.37%

Company Profile

Singapore Airlines is Singapore's flagship carrier and one of the region’s largest airlines in revenue and carrying capacity. The company’s hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.
Sector
Industrials
Industry
Airlines
Stock Style Box
Large Core
Total Number of Employees
25,619

Competitors

Valuation

Metric
C6L
00293
DAL
Price/Earnings (Normalized)
11.908.247.16
Price/Book Value
1.430.872.28
Price/Sales
1.110.630.47
Price/Cash Flow
4.473.094.37
Price/Earnings
C6L
00293
DAL

Financial Strength

Metric
C6L
00293
DAL
Quick Ratio
1.080.470.28
Current Ratio
1.230.500.40
Interest Coverage
7.093.608.14
Quick Ratio
C6L
00293
DAL

Profitability

Metric
C6L
00293
DAL
Return on Assets (Normalized)
5.83%3.95%5.48%
Return on Equity (Normalized)
17.74%12.62%39.07%
Return on Invested Capital (Normalized)
12.55%7.54%12.69%
Return on Assets
C6L
00293
DAL
See how this stock stacks up to its competitors with Morningstar Investor

Airlines Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Delta Air Lines Inc
DAL
XbvtgwfLglp$28.3 Bil
Ryanair Holdings PLC ADR
RYAAY
Wmptky$16.7 Bil
Ryanair Holdings PLC
RYAOF
Jvdwwb$16.7 Bil
Southwest Airlines Co
LUV
TwdfftjhxSxptr$16.6 Bil
United Airlines Holdings Inc
UAL
CmspgmkqZgvx$15.8 Bil
Singapore Airlines Ltd
SINGF
Jfkg$15.7 Bil
Singapore Airlines Ltd ADR
SINGY
Snpc$15.7 Bil
Air China Ltd ADR
AIRYY
Cvd$14.1 Bil
Air China Ltd Class H
AICAF
Cwyf$14.1 Bil
American Airlines Group Inc
AAL
KvssxqdspZkznt$7.0 Bil

Sponsor Center