Transportation
Singapore Airlines Ltd.
- 9.14 SGD
- +0.03
- +0.33%
Singapore
Sep 17, 2019Ticker
SES(C6L)Prev. close
9.11Market cap (SGD)
10,930.64MMarket cap (USD)
7,934.14MShares
1,199.85M
In the news
- Asian stocks extend losses on Middle East tensions, uncertain Fed outlook Sep 17, 2019
- Asian airlines' cargo operations hit hard by US-China trade war Sep 11, 2019
- Jet Airways' collapse gives budget rivals room to challenge Air India Aug 19, 2019
- Asian stocks climb after US data calms nerves Aug 16, 2019
- Singapore's family feud complicates fight against bad economic news Aug 15, 2019 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, SIAEC, and Others. 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 provides passenger air transportation under the Scoot brand with a focus on the lowcost passenger segment. The SIAEC segment provides airframe maintenance and overhaul services, line maintenance, technical ground handling services and fleet management. 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 | 1,970.50M | 1,450.93M |
| Operating income | 1,068.10M | 786.47M |
| Income before tax | 868.60M | 639.57M |
| Net income | 682.70M | 502.69M |
| EBITDA | 2,457.90M | 1,809.82M |
| Diluted EPS | 0.57 | 0.42 |
| Dividends Per Share | 0.30 | 0.22 |
| Total Assets | 30,632.80M | 22,615.57M |
| Total liabilities | 16,949.60M | 12,513.54M |
| 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 | 2,518.50M | 1,970.50M |
| Operating income | 938.30M | 939.50M | 659.40M | 1,598.20M | 1,068.10M |
| Income before tax | 520M | 972.40M | 518.60M | 1,593.20M | 868.60M |
| Net income | 367.90M | 804.40M | 360.40M | 1,301.60M | 682.70M |
| EBITDA | 2,503M | 2,515.20M | 2,251.30M | 2,790.70M | 2,457.90M |
| Diluted EPS | 0.31 | 0.68 | 0.30 | 1.09 | 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 | 26,021.40M | 30,632.80M |
| Total liabilities | 11,306.80M | 10,997.70M | 11,384.50M | 12,793M | 16,949.60M |
| Total equity | 12,463.60M | 12,754.70M | 13,083M | 12,860.30M | 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 | 1,856.51M | 1,450.93M |
| Operating income | 728.18M | 677.61M | 476.50M | 1,178.11M | 786.47M |
| Income before tax | 403.55M | 701.33M | 374.75M | 1,174.43M | 639.57M |
| Net income | 285.51M | 580.17M | 260.43M | 959.47M | 502.69M |
| EBITDA | 1,942.49M | 1,814.07M | 1,626.85M | 2,057.17M | 1,809.82M |
| Diluted EPS | 0.24 | 0.49 | 0.21 | 0.80 | 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 | 19,843.88M | 22,615.57M |
| Total liabilities | 8,242.91M | 8,167.01M | 8,147.49M | 9,755.92M | 12,513.54M |
| Total equity | 9,086.24M | 9,471.78M | 9,363.05M | 9,807.24M | 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 | 2.41% |
| ROE | 5.22% |
| Operating margin | 6.54% |
| 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. (1.2%)
- The Vanguard Group, Inc. (1.2%)
- Norges Bank Investment Management (0.8%)
- Dimensional Fund Advisors LP (0.7%)
- BNP Paribas Asset Management France SAS (0.2%)
- BlackRock Advisors (UK) Ltd. (0.2%)
- Geode Capital Management LLC (0.2%)
- Mellon Investments Corp. (0.1%)
Contact Details
- Website:http://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)
- Tiger Airways Holdings Pte Ltd.
- SIA Properties Pte Ltd.
- SIA Engineering Co. Ltd.
Competitors
- China Airlines Ltd.
- PT Garuda Indonesia (Persero) Tbk Class B
- PAL Holdings, Inc.
- China Southern Airlines Company Limited Class H
- Thai Airways International Public Co. Ltd.
- Norwegian Air Shuttle ASA
- Cebu Air Inc.
- MakeMyTrip Ltd.
- AirAsia Group Bhd.
- 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 17 Sep, 2019