Singapore Post Ltd. (SG:S08)
SGX:S08
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Singapore Post
(SGX:S08)
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Rating:65Neutral
Price Target:
S$0.37
▼(-4.87% Downside)
Action:ReiteratedDate:11/10/25
Singapore Post's overall stock score reflects strong profitability and a robust balance sheet, but is tempered by significant revenue declines and cash flow challenges. The stock appears undervalued with a low P/E ratio, and recent earnings call highlights a return to profitability. However, technical indicators suggest bearish momentum, and the company faces ongoing challenges in key segments.
Positive Factors
Balance sheet strength
A low debt-to-equity ratio and strong equity base give durable financial flexibility, enabling SingPost to absorb revenue shocks, fund strategic investments and maintain capital discipline. The healthy ROE indicates efficient use of equity to generate returns over the medium term.
Negative Factors
Large revenue decline
A persistent, large fall in revenue reduces operating scale, weakens pricing leverage and can erode customer coverage. Even with improved margins, sustained top-line contraction threatens long-term competitiveness and makes growth investments harder to justify.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A low debt-to-equity ratio and strong equity base give durable financial flexibility, enabling SingPost to absorb revenue shocks, fund strategic investments and maintain capital discipline. The healthy ROE indicates efficient use of equity to generate returns over the medium term.
Read all positive factors
Singapore Post (S08) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$776.10M
Dividend Yield22.42%
Average Volume (3M)11.99M
Price to Earnings (P/E)16.6
Beta (1Y)0.98
Revenue Growth-68.90%
EPS Growth194.56%
CountrySG
Employees4,900
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.01
Shares Outstanding2,275,089,400
10 Day Avg. Volume9,895,500
30 Day Avg. Volume11,985,443
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.98
Price to Sales (P/S)1.90
P/FCF Ratio57.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.40Price Target Upside2.56% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.01
Revenue Forecast (FY)S$390.00M
Singapore Post Business Overview & Revenue Model
Company Description
Singapore Post Limited, together with its subsidiaries, engages in post and parcel, eCommerce logistics, and property businesses in Singapore, Japan, Europe, New Zealand, Hong Kong, Australia, and internationally. It operates through Post and Parc...
How the Company Makes Money
SingPost primarily generates revenue by charging fees for the handling, transport, and delivery of mail and parcels and for providing end-to-end logistics services. Key revenue streams include: (1) Postal and domestic delivery services, where it e...
Singapore Post Earnings Call Summary
Earnings Call Date:Nov 09, 2025
(Q2-2026)
| Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixture of positive restructuring achievements and challenges related to declining revenues in key segments. The successful financial restructuring and return to profitability were notable highlights, but significant challenges remain in the form of declining cross-border e-commerce volumes and structural declines in mail volumes.Positive Updates
Operational and Financial Restructuring
Completed major organizational realignment post-sale of the Australian business, unwinding cross-holdings with Alibaba, and divesting various subsidiaries, resulting in a stronger balance sheet and financial flexibility.
Negative Updates
Decline in Cross-Border E-commerce Volume
Cross-border e-commerce volume fell by 63% year-on-year due to challenging market conditions and global trends affecting the sector.
Read all updates
Q2-2026 Updates
Positive
Negative
Operational and Financial Restructuring
Completed major organizational realignment post-sale of the Australian business, unwinding cross-holdings with Alibaba, and divesting various subsidiaries, resulting in a stronger balance sheet and financial flexibility.
Read all positive updates
Company Guidance
In the first half of FY '26, SingPost reported a financial turnaround, posting an underlying net profit of SGD 5.5 million, a significant improvement from a SGD 0.5 million loss in the previous six months, despite a year-on-year decline of 17% in net profit. The company attributed this improvement to strategic divestments, including the sale of its Australian business and other subsidiaries, resulting in exceptional gains of SGD 9 million and a fair value gain of SGD 5.5 million from SingPost Center. SingPost's financial position was further solidified by a cash reserve of SGD 594.1 million, enhancing its operational and investment capabilities. Operational efficiency was a key focus, with plans to streamline the business through a SGD 30 million investment to expand parcel sorting capacity at its Tampines hub by mid-2026. This aims to triple capacity to meet e-commerce demands, while strategic partnerships have expanded the network to enhance customer convenience. The company maintained disciplined capital management, reducing costs by 27% year-on-year in the Logistics and Letters segment, despite a challenging environment marked by a 63% drop in cross-border e-commerce volume. An interim dividend of SGD 0.08 per share was declared, reflecting 30% of the underlying net profit for the period.Singapore Post Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 575.88M | 813.70M | 1.69B | 1.87B | 1.67B | 1.40B |
| Gross Profit | 129.59M | 156.03M | 283.81M | 222.32M | 228.23M | 160.88M |
| EBITDA | 308.64M | 387.25M | 210.79M | 170.18M | 184.51M | 118.12M |
| Net Income | 231.38M | 245.14M | 78.33M | 13.95M | 83.11M | 32.74M |
Balance Sheet | ||||||
| Total Assets | 2.05B | 2.39B | 3.14B | 2.84B | 2.68B | 2.72B |
| Cash, Cash Equivalents and Short-Term Investments | 594.09M | 791.88M | 476.74M | 495.70M | 288.44M | 507.72M |
| Total Debt | 363.75M | 370.23M | 975.80M | 955.62M | 600.45M | 406.16M |
| Total Liabilities | 670.66M | 782.95M | 1.71B | 1.71B | 1.54B | 1.40B |
| Stockholders Equity | 1.38B | 1.57B | 1.13B | 1.13B | 1.31B | 1.28B |
Cash Flow | ||||||
| Free Cash Flow | -53.25M | 26.67M | 38.18M | 63.75M | 40.52M | 173.17M |
| Operating Cash Flow | -26.54M | 77.76M | 93.39M | 92.18M | 64.78M | 195.03M |
| Investing Cash Flow | 141.17M | 538.12M | -145.91M | -189.91M | -56.97M | -73.39M |
| Financing Cash Flow | -206.69M | -396.19M | 33.56M | 313.00M | -227.35M | -113.42M |
Singapore Post Technical Analysis
Negative
0.39
Price Trends
0.37
Negative
0.39
Negative
0.43
Negative
Market Momentum
>-0.01
Negative
40.38
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:S08, the sentiment is Negative. The current price of 0.39 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.37, and below the 200-day MA of 0.43, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.38 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:S08.
Singapore Post Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$122.96M | 7.04 | 6.83% | 3.33% | -0.41% | 5.10% | |
71 Outperform | S$1.24B | 16.33 | 7.03% | 8.85% | -2.55% | -0.55% | |
66 Neutral | S$548.80M | 6.44 | 15.57% | 7.98% | 16.82% | 62.71% | |
65 Neutral | S$776.10M | 16.58 | 20.03% | 22.42% | -68.90% | 194.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | S$510.55M | 68.26 | 1.18% | ― | 6.34% | 160.00% | |
59 Neutral | $1.79B | 19.97 | 3.01% | 7.12% | 11.85% | 154.55% |
* Industrials Sector Average
SG:S08
Singapore Post
0.35
-0.14
-28.72%
SG:NS8U
Hutchison Port Holdings
0.21
0.06
37.58%
SG:S19
Singapore Shipping Corporation Limited
0.31
0.04
17.31%
SG:F83
COSCO Shipping International Singapore Co Ltd
0.11
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-11.63%
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Samudera Shipping Line Ltd
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37.84%
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SBS Transit Ltd
3.96
1.28
47.76%
Singapore Post Corporate Events
Singapore Post Maintains Q3 Profit as Domestic eCommerce Growth Offsets Mail Declines
Feb 25, 2026
Singapore Post reported third-quarter revenue of S$92.3 million and operating profit of S$3.8 million, as growth in domestic eCommerce deliveries and improved property leasing income were more than offset by continued declines in letter mail and c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.