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Singapore Airlines Ltd
SGX:C6L

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Singapore Airlines Ltd
SGX:C6L
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Price: 6.54 SGD -0.15% Market Closed
Market Cap: S$20.6B

EV/EBITDA

5.3
Current
29%
More Expensive
vs 3-y average of 4.1

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.3
=
Enterprise Value
S$24.2B
/
EBITDA
S$4.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
5.3
=
Enterprise Value
S$24.2B
/
EBITDA
S$4.2B

Valuation Scenarios

Singapore Airlines Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.1), the stock would be worth S$5.08 (22% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-22%
Maximum Upside
+71%
Average Upside
10%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 5.3 S$6.54
0%
3-Year Average 4.1 S$5.08
-22%
5-Year Average 5.1 S$6.24
-5%
Industry Average 5.2 S$6.37
-3%
Country Average 9.1 S$11.16
+71%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
S$24.2B
/
Oct 2025
S$4.2B
=
5.3
Current
S$24.2B
/
Mar 2026
S$4.4B
=
5.5
Forward
S$24.2B
/
Mar 2027
S$4.5B
=
5.4
Forward
S$24.2B
/
Mar 2028
S$4.5B
=
5.3
Forward
S$24.2B
/
Mar 2029
S$4.2B
=
5.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
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Market Distribution

In line with most companies in Singapore
Percentile
30th
Based on 540 companies
30th percentile
5.3
Low
0 — 5.3
Typical Range
5.3 — 17.7
High
17.7 —
Distribution Statistics
Singapore
Min 0
30th Percentile 5.3
Median 9.1
70th Percentile 17.7
Max 4 149.6

Singapore Airlines Ltd
Glance View

In the heart of Asia, amidst the bustling city-state of Singapore, Singapore Airlines Ltd. emerges as a beacon of excellence in the world of aviation. This storied airline, with roots tracing back to its inception in the 1940s as part of the Malayan Airways, has charted an exceptional trajectory, fueled by a commitment to innovation and unparalleled customer service. At the core of its business model lies a sophisticated global network of routes, connecting passengers to over 130 destinations worldwide. Singapore Airlines makes its money by offering a blend of premium and budget-friendly travel options through its subsidiary, Scoot, strategically catering to diverse markets. This dual-brand strategy allows the company to tap into both high-end luxury travel and cost-conscious passenger segments, optimizing its revenue streams. Beyond passenger services, Singapore Airlines also diversifies its income through lucrative cargo operations and a suite of auxiliary services, including aircraft maintenance, repair, and overhaul through its SIA Engineering Company. By nurturing strategic alliances and codeshare partnerships, the airline enhances connectivity and operational efficiency, further anchoring its financial robustness. Known for industry-leading in-flight experiences, Singapore Airlines consistently garners accolades for exceptional service, leveraging its reputation to command higher yields. Investments in fleet modernization ensure fuel efficiency and environmental consciousness, aligning with global sustainability trends. Together, these elements create a well-oiled enterprise that weathers the volatile airline industry with resilience and innovation, showcasing a business that not only transports passengers but elevates the art of flying.

C6L Intrinsic Value
5.62 SGD
Overvaluation 14%
Intrinsic Value
Price S$6.54
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