Asia300

Singapore Airlines Ltd.

Singapore

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Aug 16, 2017
Prev close: 10.59
Aug 16, 2017
Market cap:
Market cap(USD):
12,706.42M
9,292.10M
Shares: 1,199.85M

Currency in SGD

Company profile

Market(Ticker): SES(C6L)
Sector:
Industry:
Transportation
Airlines
Full time employees: 25,194

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, SIA Cargo, 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 consists of passenger air transportation under the Tiger Airways and Scoot brands with a focus on the low-cost passenger. The SIA Engineering Company segment comprises of airframe maintenance and overhaul services, line maintenance, technical ground handling services, and fleet management. The SIA Cargo segment involves in air cargo transportation and related activities. The company was founded on January 28, 1972 and is headquartered in Singapore.

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.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 14,868.5M
Gross profit 1,463M
Operating income 659.4M
Income before tax 518.6M
Net income 360.4M
EBITDA 2,251.3M
Diluted EPS 0.30
Dividends per share 0.2
Total assets 24,854.7M
Total liabilities 11,384.5M
Total equity 13,083M
Operating cash flow 2,693M

Currency in SGD

Revenue 10,744.39M
Gross profit 1,057.20M
Operating income 476.50M
Income before tax 374.75M
Net income 260.43M
EBITDA 1,626.85M
Diluted EPS 0.21
Dividends per share 0.14
Total assets 17,787.66M
Total liabilities 8,147.49M
Total equity 9,363.05M
Operating cash flow 1,946.03M

Currency in USD

Valuation measures

Mar 2017

PER 33.01
ROA 1.47%
ROE 2.78%
Operating margin 4.43%
Profit margin 2.42%

Key executive

  • 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

Share holders

  • Temasek Holdings Pte Ltd. (Investment Company)(54.7%)
  • Singapore Airlines Ltd.(1.4%)
  • BlackRock Fund Advisors(1.2%)
  • The Vanguard Group, Inc.(1.0%)
  • Norges Bank Investment Management(0.8%)
  • Dimensional Fund Advisors LP(0.5%)
  • APG Asset Management NV(0.3%)
  • Deutsche Investment Management Americas, Inc.(0.2%)
  • BlackRock Advisors (UK) Ltd.(0.1%)
  • Aberdeen Asset Management (Asia) Ltd.(0.1%)

Address

  • Website: http://www.singaporeair.com
  • Address: Airline House, 25 Airline Road, Singapore, 819829, Singapore
  • Phone: +65.6541.4030

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