Transportation
Singapore Airlines Ltd.
- 9.11 SGD
- -0.06
- -0.65%
Singapore
May 24, 2019Ticker
SES(C6L)Prev. close
9.17Market cap (SGD)
11,002.60MMarket cap (USD)
7,999.01MShares
1,199.85M
In the news
- Singapore Airlines launches digital lab as competition takes off Feb 15, 2019
- Asia shares the blame for its export slump Jan 28, 2019
- AirAsia set to meet its match in Vietnam's Vietjet Jan 4, 2019
- Asian travelers poised to lift global airline earnings in 2019 Dec 24, 2018
- Tata confirms interest in Jet Airways deal Nov 17, 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
Singapore Airlines Ltd. engages in passenger and cargo air transportation. It operates through the following segments: Singapore Airlines, SilkAir, Budget Aviation, SIA Engineering Company, SIAEC Cargo, and Singapore Airlines Cargo. The Singapore Airlines segment provides passenger air transportation under the Singapore Airlines brand with a focus on full-service passenger serving short and long haul markets. The SilkAir segment covers passenger air transportation under the SilkAir brand with a focus on full-service passenger serving regional markets. The Budget Aviation segment consists of passenger air transportation under the Tiger Airways and Scoot brands with a focus on the low-cost passenger. The SIAEC segment provides airframe maintenance and overhaul services, line maintenance, technical ground handling services and fleet management. The Singapore Airlines Cargo segment involves in air cargo transportation and related activities. The company was founded on January 28, 1972 and is headquartered in Singapore.
Financial Highlights
| Mar 2019 | SGD | USD |
| Revenue | 16,323.20M | 12,019.25M |
| Gross Profit | 1,627.40M | 1,198.30M |
| Operating income | 702.90M | 517.56M |
| Income before tax | 868.60M | 639.57M |
| Net income | 682.70M | 502.69M |
| EBITDA | 2,092.70M | 1,540.91M |
| Diluted EPS | 0.57 | 0.42 |
| Dividends Per Share | 0.30 | 0.22 |
| Total Assets | 30,505.20M | 22,521.37M |
| Total liabilities | 16,822M | 12,419.34M |
| Total equity | 13,286.80M | 9,809.37M |
| Operating cash flow | 2,837.80M | 2,089.55M |
| Currency in SGD | Currency in USD |
Historical Data
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 15,565.50M | 15,238.70M | 14,868.50M | 15,806.10M | 16,323.20M |
| Gross Profit | 1,608.70M | 1,679.70M | 1,463M | 1,913.40M | 1,627.40M |
| Operating income | 938.30M | 939.50M | 659.40M | 1,102.80M | 702.90M |
| Income before tax | 520M | 972.40M | 518.60M | 1,101M | 868.60M |
| Net income | 367.90M | 804.40M | 360.40M | 892.90M | 682.70M |
| EBITDA | 2,503M | 2,515.20M | 2,251.30M | 2,786.80M | 2,092.70M |
| Diluted EPS | 0.31 | 0.68 | 0.30 | 0.75 | 0.57 |
| Dividends Per Share | 0.22 | 0.45 | 0.20 | 0.40 | 0.30 |
| Total Assets | 24,236.90M | 24,130.60M | 24,854.70M | 27,678.10M | 30,505.20M |
| Total liabilities | 11,306.80M | 10,997.70M | 11,384.50M | 13,058.80M | 16,822M |
| Total equity | 12,463.60M | 12,754.70M | 13,083M | 14,251.20M | 13,286.80M |
| Operating cash flow | 2,209M | 3,224.30M | 2,693M | 2,714.40M | 2,837.80M |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | |
| Revenue | 12,079.84M | 10,990.85M | 10,744.39M | 11,651.49M | 12,019.25M |
| Gross Profit | 1,248.45M | 1,211.47M | 1,057.20M | 1,410.46M | 1,198.30M |
| Operating income | 728.18M | 677.61M | 476.50M | 812.93M | 517.56M |
| Income before tax | 403.55M | 701.33M | 374.75M | 811.60M | 639.57M |
| Net income | 285.51M | 580.17M | 260.43M | 658.20M | 502.69M |
| EBITDA | 1,942.49M | 1,814.07M | 1,626.85M | 2,054.29M | 1,540.91M |
| Diluted EPS | 0.24 | 0.49 | 0.21 | 0.55 | 0.42 |
| Dividends Per Share | 0.17 | 0.32 | 0.14 | 0.29 | 0.22 |
| Total Assets | 17,669.24M | 17,919.64M | 17,787.66M | 21,107.27M | 22,521.37M |
| Total liabilities | 8,242.91M | 8,167.01M | 8,147.49M | 9,958.62M | 12,419.34M |
| Total equity | 9,086.24M | 9,471.78M | 9,363.05M | 10,867.94M | 9,809.37M |
| Operating cash flow | 1,714.32M | 2,325.51M | 1,946.03M | 2,000.92M | 2,089.55M |
Valuation Measures
| Mar 2019 | |
| PER | 16.74 |
| ROA | 2.34% |
| ROE | 4.95% |
| Operating margin | 4.30% |
| Profit margin | 4.18% |
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 (1.6%)
- Singapore Airlines Ltd. (1.3%)
- The Vanguard Group, Inc. (1.1%)
- Norges Bank Investment Management (0.8%)
- Dimensional Fund Advisors LP (0.7%)
- BlackRock Advisors (UK) Ltd. (0.2%)
- Geode Capital Management LLC (0.2%)
- Estate of Chang Shyh Jin (0.1%)
- DWS Investment Management Americas, Inc. (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 Pte Ltd.
- SIA Properties Pte Ltd.
- SIA Engineering Co. Ltd.
Competitors
- PT Garuda Indonesia (Persero) Tbk Class B
- China Southern Airlines Company Limited Class H
- Thai Airways International Public Co. Ltd.
- Cebu Air Inc.
- China Airlines Ltd.
- PAL Holdings, Inc.
- Air France-KLM SA
- MakeMyTrip Ltd.
- JG Summit Holdings Inc.
- Asia Aviation Public Co., Ltd.
- Spring Airlines Co., Ltd. Class A
- Nippon Yusen Kabushiki Kaisha
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 24 May, 2019