SIA: Singapore Airlines Limited

C6L.SI : Singapore Exchange

6.750

+0.30%

Share Price in SGD. As of 28 May 17:04:20 SGT

SIA: Singapore Airlines Limited announced dividend per share (DPS) of S$0.38

15 May 2024 • Upcoming dividend

Chart

Key stats

  • 52-Week High
    SGD 8.050
  • 52-Week Low
    SGD 5.870
  • Market Cap
    SGD 20B
  • Avg Volume
    7M
  • P/E Ratio (TTM)
    11.07
  • Forward Dividend Yield
    7.13%

Share Price Performance

C6L.SI
Market
1 Day -0.15% 0.09%
5 Day -0.15% 0.67%
1 Month 3.53% 1.13%
6 Month 6.47% 8.62%
YTD 3.21% 3.10%
1 Year -10.36% -1.30%
5 Year -0.93% 0.89%
Include dividend return

All

Market Analysis

Consensus Share Price Target

Price Target: $6.881

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 28 May 2024

Analyst Ratings

  • CGSI Research

    20 Feb 2024

    Hold

    7.300

    (prev 6.910)

  • DBS Research

    22 Feb 2024

    Hold

    6.100

    (prev 7.000)

  • OCBC Investment

    21 Feb 2024

    Buy

    8.000

    (prev 7.290)

  • Phillip Securities

    22 Feb 2024

    Reduce

    5.910

    (prev 5.450)

  • UOB Kay Hian

    22 Feb 2024

    Hold

    6.280

    (prev 6.800)

Analyst Reports

Beansprout Insights

Valuation

Price to earnings (P/E) ratio

Current P/E
15.3
Historical Average P/E
9.5

SIA: Singapore Airlines Limited's current P/E ratio of 15.3x is higher than its historical average P/E ratio of 9.5x.

Price to book (P/B) ratio

Current P/B
1.5
Historical Average P/B
0.9

SIA: Singapore Airlines Limited's current P/B ratio of 1.5x is higher than its historical average P/B ratio of 0.9x.

Earnings

Earnings Highlights

2H FY24 Financial results

  • Revenue: SGD 9.85B

    Increased 5% Year-on-Year

    Increase in passenger flown revenue on the back of a 17.5% growth in traffic, which was slightly below the 17.7% expansion in capacity. Passenger yields declined 6.0% on intensifying competition as other airlines progressively restored capacity. Cargo revenue fell 29.7% with yields declining -35.9% amid the recovery in bellyhold cargo capacity.

  • Net Profit: SGD 1.2B

    Increased 0% Year-on-Year

    In the second half, the Group operating profit decreased by -19.5% from the previous year. Net profit was stable year-on-year. This was due mainly by a lower tax expense and a surplus on disposal of aircraft, spares, and spare engines versus a loss the year before, which offset the decline in operating performance.

  • Return on Equity (ROE): 15%

    Increased 22% Year-on-Year

    A reduced equity base due to the partial redemption of the mandatory convertible bonds.

  • Dividend Per Share: SGD 0.38

    Increased 36% Year-on-Year

  • Debt to Equity Ratio: 82%

Earnings per share (EPS)

The latest earnings per share is $0.35, which is higher than the earnings per share of -$0.16 in 2021.

Financials

Financial Statements

17 May 2024

Full Yearly Results

For period ending 31 Mar 2024

16 May 2024

Full Yearly Results

For period ending 31 Mar 2024

15 May 2024

Full Yearly Results

For period ending 31 Mar 2024

21 Feb 2024

Third Quarter Results

For period ending 31 Dec 2023

20 Feb 2024

Third Quarter Results

For period ending 31 Dec 2023

09 Nov 2023

Half Yearly Results

For period ending 30 Sep 2023

08 Nov 2023

Half Yearly Results

For period ending 30 Sep 2023

07 Nov 2023

Half Yearly Results

For period ending 30 Sep 2023

28 Jul 2023

First Quarter Results

For period ending 30 Jun 2023

27 Jul 2023

First Quarter Results

For period ending 30 Jun 2023

Annual Reports

28 Jun 2023

Sustainability Report

For period ending 31 Mar 2023

28 Jun 2023

Annual Report

For period ending 31 Mar 2023

News

Profile

Company Description

Singapore Airlines Limited (“Singapore Airlines”) was incorporated as a public company with limited liability and a wholly-owned subsidiary of Temasek Holdings (Private) Limited on 28 January 1972. Its history began in 1947 when a twin-engined Airspeed Consul under the Malayan Airways Ltd’s insignia started scheduled services between Singapore, Kuala Lumpur, Ipoh and Penang. Malayan Airways Ltd grew steadily and by 1955, international services were added to its operations. With the formation of the Federation of Malaysia in 1963, the airline was renamed Malaysian Airways Ltd. In 1966 the governments of Malaysia and Singapore acquired joint control of the airline, which was then renamed Malaysia-Singapore Airlines Ltd (“MSA”). In 1971, MSA was restructured into 2 entities: Singapore Airlines and Malaysia Airline System. Singapore Airlines, a full member of the global Star Alliance, is one of the world's premium airlines, with the distinction of operating a young and modern fleet. The Singapore Airlines route network extends across 105 destinations in 37 countries, including those served by its subsidiaries, Singapore Airlines Cargo and SilkAir. The Singapore Airlines Group has over 20 subsidiaries, covering a range of airline-related services, from cargo to engine overhaul. Its subsidiaries also include SIA Engineering Company, Scoot, Tiger Airways, Singapore Flying College and Tradewinds Tours and Travel. Principal activities of the Group consist of air transportation, engineering services and other airline related activities.

FAQ

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