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Singapore Airlines Ltd.
- 9.60 SGD
- +0.05
- +0.52%
Singapore
Aug 15, 2018Ticker
SES(C6L)Prev. close
9.55Market cap (SGD)
11,458.57MMarket cap (USD)
8,301.79MShares
1,199.85M
In the news
- No one boards Air India's divestment May 31, 2018
- Singapore Air revives world's longest flight with fuel-efficient jet May 31, 2018
- Malaysia stock market erases 2018 gains as debt woes mount May 24, 2018
- Air India sale still stuck on the runway May 20, 2018
- Singapore Airlines to absorb its regional subsidiary SilkAir May 18, 2018 See more articles on Singapore Airlines Ltd.
Company Background
Singapore Airlines (SIA) considers itself a "premium" airline. It prides itself on quality service, differentiating itself from its fast-growing low-cost peers. Wholly owned subsidiary SilkAir flies short-haul regional routes, also providing premium services. Goh Choon Phong has been the airline operator's CEO since December 2010; he has been with Singapore Airlines since 1990. The airline began as Malayan Airways in 1947 before going independent under its current name. Singapore sovereign wealth fund Temasek Holdings owns more than 50% of the company.
SIA has stakes in two low-cost carriers. Tiger Airways Holdings was established in 2004 and now operates in Asia and Australia under the Tigerair brand. It is restructuring after posting three consecutive annual losses. Wholly owned Scoot, set up in 2011 to handle middle- to long-haul routes, is reportedly loss-making. After selling off a 49% stake in Virgin Atlantic to Delta Air Lines, SIA shifted its attention to India. Vistara, a New Delhi-based joint-venture with the Tata Group will initially fly only over India, though plans are to assign it international routes once regulatory approvals are given.
Business Summary
Financial Highlights
| Mar 2018 | SGD | USD |
| Revenue | 15,806.10M | 11,651.49M |
| Gross Profit | 1,913.40M | 1,410.46M |
| Operating income | 1,102.80M | 812.93M |
| Income before tax | 1,101M | 811.60M |
| Net income | 892.90M | 658.20M |
| EBITDA | 2,786.80M | 2,054.29M |
| Diluted EPS | 0.75 | 0.55 |
| Dividends Per Share | 0.40 | 0.29 |
| Total Assets | 27,678.10M | 21,107.27M |
| Total liabilities | 13,058.80M | 9,958.62M |
| Total equity | 14,251.20M | 10,867.94M |
| Operating cash flow | 2,714.40M | 2,000.92M |
| Currency in SGD | Currency in USD |
Historical Data
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 15,243.90M | 15,565.50M | 15,238.70M | 14,868.50M | 15,806.10M |
| Gross Profit | 1,338.20M | 1,608.70M | 1,679.70M | 1,463M | 1,913.40M |
| Operating income | -25.70M | 938.30M | 939.50M | 659.40M | 1,102.80M |
| Income before tax | 319.10M | 520M | 972.40M | 518.60M | 1,101M |
| Net income | 359.50M | 367.90M | 804.40M | 360.40M | 892.90M |
| EBITDA | 1,575.50M | 2,503M | 2,515.20M | 2,251.30M | 2,786.80M |
| Diluted EPS | 0.30 | 0.31 | 0.68 | 0.30 | 0.75 |
| Dividends Per Share | 0.21 | 0.22 | 0.45 | 0.20 | 0.40 |
| Total Assets | 22,751M | 24,236.90M | 24,130.60M | 24,854.70M | 27,678.10M |
| Total liabilities | 9,176.40M | 11,306.80M | 10,997.70M | 11,384.50M | 13,058.80M |
| Total equity | 13,237.20M | 12,463.60M | 12,754.70M | 13,083M | 14,251.20M |
| Operating cash flow | 2,303.90M | 2,209M | 3,224.30M | 2,693M | 2,714.40M |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
| Revenue | 12,109.41M | 12,079.84M | 10,990.85M | 10,744.39M | 11,651.49M |
| Gross Profit | 1,063.03M | 1,248.45M | 1,211.47M | 1,057.20M | 1,410.46M |
| Operating income | -20.41M | 728.18M | 677.61M | 476.50M | 812.93M |
| Income before tax | 253.48M | 403.55M | 701.33M | 374.75M | 811.60M |
| Net income | 285.57M | 285.51M | 580.17M | 260.43M | 658.20M |
| EBITDA | 1,251.54M | 1,942.49M | 1,814.07M | 1,626.85M | 2,054.29M |
| Diluted EPS | 0.24 | 0.24 | 0.49 | 0.21 | 0.55 |
| Dividends Per Share | 0.16 | 0.17 | 0.32 | 0.14 | 0.29 |
| Total Assets | 18,091.52M | 17,669.24M | 17,919.64M | 17,787.66M | 21,107.27M |
| Total liabilities | 7,297.04M | 8,242.91M | 8,167.01M | 8,147.49M | 9,958.62M |
| Total equity | 10,526.18M | 9,086.24M | 9,471.78M | 9,363.05M | 10,867.94M |
| Operating cash flow | 1,830.16M | 1,714.32M | 2,325.51M | 1,946.03M | 2,000.92M |
Valuation Measures
| Mar 2018 | |
| PER | 14.35 |
| ROA | 3.39% |
| ROE | 6.53% |
| Operating margin | 6.97% |
| Profit margin | 5.64% |
Key executives
- CEO & Non-Independent Executive Director: Choon Phong Goh
- EVP-Human Resources & Operations: Chin Hwee Ng
- Senior Vice President-Finance: Stephen Barnes
- Senior Vice President-Information Technology: Wei Jun Wang
- Executive Vice President-Commercial: Swee Wah Mak
Shareholders
- Temasek Holdings Pte Ltd. (Investment Company) (54.7%)
- BlackRock Fund Advisors (1.4%)
- Singapore Airlines Ltd. (1.3%)
- The Vanguard Group, Inc. (1.0%)
- Norges Bank Investment Management (0.8%)
- Dimensional Fund Advisors LP (0.6%)
- Deutsche Investment Management Americas, Inc. (0.2%)
- BlackRock Advisors (UK) Ltd. (0.1%)
- Geode Capital Management LLC (0.1%)
- Estate of Chang Shyh Jin (0.1%)
Contact Details
- Website:http://www.singaporeair.com
- Address: Airline House, 25 Airline Road, Singapore, 819829, Singapore
- Phone: +65.6541.4030
Related Companies
- Scoot Tigerair Pte Ltd.
- Singapore Airlines Korea
- Singapore Airlines Ltd. (Ireland)
- Silkair (Singapore) Pte Ltd.
- RCMS Properties Pvt Ltd.
- Singapore Aviation & General Insurance Co. Pte Ltd.
- Singapore Airlines Ltd. Sucursal en Espana
- Singapore Airlines Cargo Pte Ltd. (California)
- Singapore Airlines Cargo Pte Ltd.
- Tiger Airways Holdings Limited
- SIA Properties Pte Ltd.
- SIA Engineering Co. Ltd.
Competitors
- China Eastern Airlines Corporation Limited Class H
- Qantas Airways Limited
- PT Garuda Indonesia (Persero) Tbk Class B
- Cebu Air Inc.
- China Airlines Ltd.
- PAL Holdings, Inc.
- Air France-KLM SA
- China Southern Airlines Company Limited Class H
- Asiana Airlines Inc.
- JG Summit Holdings Inc.
- Asia Aviation Public Co., Ltd.
- Spring Airlines Co., Ltd. Class A
- Nippon Yusen Kabushiki Kaisha
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