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Singapore Airlines Ltd
SGX:C6L

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Singapore Airlines Ltd
SGX:C6L
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Price: 6.37 SGD
Market Cap: S$20.1B

P/E

8.7
Current
8%
More Expensive
vs 3-y average of 8.1

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
8.7
=
Market Cap
S$22.3B
/
Net Income
S$2.3B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
8.7
=
Market Cap
S$22.3B
/
Net Income
S$2.3B

Valuation Scenarios

Singapore Airlines Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (8.1), the stock would be worth S$5.92 (7% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-15%
Maximum Upside
+72%
Average Upside
12%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 8.7 S$6.37
0%
3-Year Average 8.1 S$5.92
-7%
5-Year Average 7.4 S$5.39
-15%
Industry Average 8.7 S$6.36
0%
Country Average 15 S$10.93
+72%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
S$22.3B
/
Oct 2025
S$2.3B
=
8.7
Current
S$22.3B
/
Mar 2026
S$1.1B
=
21.1
Forward
S$22.3B
/
Mar 2027
S$1.3B
=
17.8
Forward
S$22.3B
/
Mar 2028
S$1.3B
=
17
Forward
S$22.3B
/
Mar 2029
S$892.7m
=
25
Forward
S$22.3B
/
Mar 2030
S$988.4m
=
22.6
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Lower than 80% of companies in Singapore
Percentile
20th
Based on 553 companies
20th percentile
8.7
Low
0.1 — 10.4
Typical Range
10.4 — 23.1
High
23.1 —
Distribution Statistics
Singapore
Min 0.1
30th Percentile 10.4
Median 15
70th Percentile 23.1
Max 14 028.2

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 12%
Intrinsic Value
Price S$6.37
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