C6L Stock Analysis: Singapore Airlines | SG
Airlines | SG, Singapore | Market Cap: 20.625m SGD | 12M Return: 5.4% | SG1V61937297 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.0M
EPS Trend: -64.6%
Qual. Beats: 0
Rev. Trend: -25.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Singapore Airlines Limited (SGX: C6L) is the parent company of a major international airline group headquartered in Singapore and founded in 1947. Through its full-service Singapore Airlines brand and its low-cost subsidiary Scoot, the company provides passenger and cargo air transportation across East Asia, Europe, South West Pacific, the Americas, West Asia, and Africa. The group operates through three reporting segments: The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services.
Beyond core airline operations, the company runs a diversified portfolio of aviation-related businesses, including aircraft maintenance, repair and overhaul (MRO), line and airframe maintenance, fleet management, pilot training, air charters, tour activities, aircraft galley refurbishment, and the manufacture of cabin equipment and aerospace tooling. It also operates a payment and lifestyle rewards app, travel-retail and cargo community marketing platforms, aviation insurance, and corporate and educational support services.
The dual-brand full-service/low-cost carrier model is a common structural approach among large international airline groups, allowing operators to serve both premium and price-sensitive segments of the market. Singapore Airlines is widely regarded as the flag carrier of Singapore, and the group is classified within the GICS Industrials sector under the Passenger Airlines sub-industry.
- Cargo segment revenue surges on e-commerce and belly capacity demand
- Jet fuel cost volatility pressures operating margins
- China and Asia-Pacific travel demand recovery boosts passenger yields
| Net Income: 1.11b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.28 > 1.0 |
| NWC/Revenue: -1.71% < 20% (prev -8.66%; Δ 6.95% < -1%) |
| CFO/TA 0.12 > 3% & CFO 5.10b > Net Income 1.11b |
| Net Debt (-4.95b) to EBITDA (4.19b): -1.18 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.15b) vs 12m ago 5.92% < -2% |
| Gross Margin: 45.86% > 18% (prev 66.05%; Δ -20.20% > 0.5%) |
| Asset Turnover: 61.60% > 50% (prev 70.26%; Δ -8.66% > 0%) |
| Interest Coverage Ratio: 5.21 > 6 (EBIT TTM 1.65b / Interest Expense TTM 317.4m) |
As of October 19, 2026, the stock is trading at SGD 6.53 with a total of 5,571,429 shares traded. Over the past week, the price has changed by -0.61%, over one month by +0.31%, over three months by -11.03% and over the past year by +5.38%.
Current recommended Stop Loss: 6.40 (which is 2% or 1.4 ATR below the current price).
Singapore Airlines has no consensus analysts rating.
P/E Trailing = 22.5517
P/E Forward = 29.6736
P/S = 1.005
P/B = 1.2588
P/EG = 14.2039
Revenue TTM = 26.2b SGD
EBIT TTM = 1.65b SGD
EBITDA TTM = 4.19b SGD
Long Term Debt = 10.7b SGD (from longTermDebt, last quarter)
Short Term Debt = 1.96b SGD (from shortLongTermDebt, last fiscal year)
Debt = 2.98b SGD (Leases only: 2.98b)
Net Debt = -4.95b SGD (calculated: Debt 2.98b - CCE 7.93b)
Enterprise Value = 15.7b SGD (20.6b + Debt 2.98b - CCE 7.93b)
Interest Coverage Ratio = 5.21 (Ebit TTM 1.65b / Interest Expense TTM 317.4m)
EV/FCF = 6.66x (Enterprise Value 15.7b / FCF TTM 2.35b)
FCF Yield = 15.02% (FCF TTM 2.35b / Enterprise Value 15.7b)
FCF Margin = 8.97% (FCF TTM 2.35b / Revenue TTM 26.2b)
Net Margin = 4.22% (Net Income TTM 1.11b / Revenue TTM 26.2b)
Gross Margin = 45.86% ((Revenue TTM 26.2b - Cost of Revenue TTM 14.2b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.36 (Enterprise Value 15.7b / Total Assets 43.1b)
Interest Expense / Debt = 10.66% (Interest Expense 317.4m / Debt 2.98b)
Taxrate = 24.39% (394.5m / 1.62b)
NOPAT = 1.25b (EBIT 1.65b * (1 - 24.39%))
Current Ratio = 0.97 (Total Current Assets 13.4b / Total Current Liabilities 13.9b)
Debt / Equity = 0.18 (Debt 2.98b / totalStockholderEquity, last quarter 16.6b)
Debt / EBITDA = -1.18 (Net Debt -4.95b / EBITDA 4.19b)
Debt / FCF = -2.10 (Net Debt -4.95b / FCF TTM 2.35b)
Total Stockholder Equity = 16.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.60% (Net Income 1.11b / Total Assets 43.1b)
RoE = 6.80% (Net Income TTM 1.11b / Total Stockholder Equity 16.3b)
RoCE = 6.11% (EBIT 1.65b / Capital Employed (Equity 16.3b + L.T.Debt 10.7b))
RoIC = 4.47% (NOPAT 1.25b / Invested Capital 27.9b)
WACC = 6.74% (E(20.6b)/V(23.6b) * Re(6.55%) + D(2.98b)/V(23.6b) * Rd(10.66%) * (1-Tc(0.24)))
Discount Rate = 6.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 92.07 | Cagr: 0.15%
[DCF] Terminal Value 73.10% ; FCFF base≈2.55b ; Y1≈2.23b ; Y5≈1.80b
[DCF] Fair Price = 10.75 (EV 29.0b - Net Debt -4.95b = Equity 33.9b / Shares 3.15b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -64.58 | EPS CAGR: -23.39% | SUE: 0.23 | # QB: 0
Revenue Correlation: -25.18 | Revenue CAGR: -1.45% | SUE: -0.05 | # QB: 0
EPS current Quarter (2026-12-31): EPS=0.13 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2027-03-31): EPS=0.23 | Chg30d=-6.25% | Revisions=-25% | GrowthEPS=-39.2% | GrowthRev=+8.0%
EPS next Year (2028-03-31): EPS=0.37 | Chg30d=-1.01% | Revisions=-25% | GrowthEPS=+60.1% | GrowthRev=+0.4%
[Analyst] Revisions Ratio: -40% (up=0, down=2)