C6L Stock Analysis: Singapore Airlines | SG
Airlines | SG, Singapore | Market Cap: 24.545m SGD | 12M Return: 7.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 58.0M
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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 provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands, serving East Asia, Europe, South West Pacific, the Americas, West Asia, and Africa. The group operates through three segments: The Full-Service Carrier (Singapore Airlines), The Low-Cost Carrier (Scoot), and Engineering Services. Full-service and low-cost carrier models typically differ in terms of fare structure, route network, and ancillary services offered to travelers.
Beyond core airline operations, the company has built a diversified portfolio that includes aircraft maintenance, repair, and overhaul (MRO) services, engineering and pilot training, air charters, and travel-related retail and digital services. MRO is a common area of diversification for airlines, as third-party maintenance work can provide a steadier revenue stream that is less exposed to passenger demand cycles.
The companys ancillary activities also extend to manufacturing aircraft cabin equipment and aerospace tooling, marketing support for the air cargo industry, aviation insurance, and an online travel booking and cargo community portal. Founded in 1947 and headquartered in Singapore, Singapore Airlines is classified within the Industrials sector under the Passenger Airlines sub-industry and is listed on the SGX as C6L.
- Premium cabin demand recovery lifts passenger yields
- Cargo segment benefits from sustained e-commerce freight demand
- Jet fuel price volatility pressures operating margins
| Net Income: 1.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.15 > 1.0 |
| NWC/Revenue: -1.77% < 20% (prev -8.68%; Δ 6.91% < -1%) |
| CFO/TA 0.12 > 3% & CFO 5.10b > Net Income 1.37b |
| Net Debt (-4.95b) to EBITDA (5.32b): -0.93 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.15b) vs 12m ago 5.97% < -2% |
| Gross Margin: 43.88% > 18% (prev 65.97%; Δ -22.09% > 0.5%) |
| Asset Turnover: 58.53% > 50% (prev 68.41%; Δ -9.89% > 0%) |
| Interest Coverage Ratio: 8.76 > 6 (EBIT TTM 2.78b / Interest Expense TTM 317.4m) |
| DSRI: 1.56 (Receivables 1.65b/1.23b, Revenue 25.3b/29.5b) |
| GMI: 1.50 (GM 65.97% / 43.88%) |
| AQI: 0.59 (AQ_t 0.07 / AQ_t-1 0.12) |
| SGI: 0.86 (Revenue 25.3b / 29.5b) |
| TATA: -0.09 (NI 1.37b - CFO 5.10b) / TA 43.4b) |
| Beneish M = -2.46 (Cap -4..+1) = BBB |
As of July 29, 2026, the stock is trading at SGD 7.71 with a total of 7,286,800 shares traded. Over the past week, the price has changed by +1.72%, over one month by +0.65%, over three months by +21.04% and over the past year by +7.44%.
Current recommended Stop Loss: 7.30 (which is 5.3% or 3.2 ATR below the current price).
Singapore Airlines has no consensus analysts rating.
P/E Trailing = 20.5
P/E Forward = 29.1545
P/S = 1.1961
P/B = 1.3836
P/EG = 13.1353
Revenue TTM = 25.3b SGD
EBIT TTM = 2.78b SGD
EBITDA TTM = 5.32b SGD
Long Term Debt = 5.71b SGD (from longTermDebt, last quarter)
Short Term Debt = 1.96b SGD (from shortLongTermDebt, last quarter)
Debt = 2.98b SGD (Leases only: 2.98b)
Net Debt = -4.95b SGD (calculated: Debt 2.98b - CCE 7.93b)
Enterprise Value = 19.6b SGD (24.5b + Debt 2.98b - CCE 7.93b)
Interest Coverage Ratio = 8.76 (Ebit TTM 2.78b / Interest Expense TTM 317.4m)
EV/FCF = 8.32x (Enterprise Value 19.6b / FCF TTM 2.35b)
FCF Yield = 12.02% (FCF TTM 2.35b / Enterprise Value 19.6b)
FCF Margin = 9.30% (FCF TTM 2.35b / Revenue TTM 25.3b)
Net Margin = 5.41% (Net Income TTM 1.37b / Revenue TTM 25.3b)
Gross Margin = 43.88% ((Revenue TTM 25.3b - Cost of Revenue TTM 14.2b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.45 (Enterprise Value 19.6b / Total Assets 43.4b)
Interest Expense / Debt = 10.66% (Interest Expense 317.4m / Debt 2.98b)
Taxrate = 24.39% (394.5m / 1.62b)
NOPAT = 2.10b (EBIT 2.78b * (1 - 24.39%))
Current Ratio = 0.97 (Total Current Assets 13.4b / Total Current Liabilities 13.9b)
Debt / Equity = 0.17 (Debt 2.98b / totalStockholderEquity, last quarter 17.3b)
Debt / EBITDA = -0.93 (Net Debt -4.95b / EBITDA 5.32b)
Debt / FCF = -2.10 (Net Debt -4.95b / FCF TTM 2.35b)
Total Stockholder Equity = 16.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.17% (Net Income 1.37b / Total Assets 43.4b)
RoE = 8.51% (Net Income TTM 1.37b / Total Stockholder Equity 16.1b)
RoCE = 12.74% (EBIT 2.78b / Capital Employed (Equity 16.1b + L.T.Debt 5.71b))
RoIC = 7.44% (NOPAT 2.10b / Invested Capital 28.3b)
WACC = 7.36% (E(24.5b)/V(27.5b) * Re(7.28%) + D(2.98b)/V(27.5b) * Rd(10.66%) * (1-Tc(0.24)))
Discount Rate = 7.28% (= 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 = 10.76 (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: -50.08 | EPS CAGR: -15.17% | SUE: 0.18 | # QB: 0
Revenue Correlation: 37.62 | Revenue CAGR: 3.24% | SUE: 0.23 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.02 | Chg30d=-62.73% | Revisions=+0% | Analysts=1
EPS current Year (2027-03-31): EPS=0.28 | Chg30d=-7.14% | Revisions=+0% | GrowthEPS=-25.9% | GrowthRev=+5.9%
EPS next Year (2028-03-31): EPS=0.37 | Chg30d=+1.19% | Revisions=+0% | GrowthEPS=+29.3% | GrowthRev=+1.5%
[Analyst] Revisions Ratio: +0% (up=4, down=4)