Singapore Post Ltd. (SG:S08)
SGX:S08
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Singapore Post
(SGX:S08)
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Rating:44Neutral
Price Target:
S$0.32
▼(-19.23% Downside)
Action:Reiterated
Date:06/13/26
The score is held down primarily by deteriorating financial performance—especially FY2026’s sharp revenue decline and negative operating/free cash flow—along with weak technical trend signals (price below key moving averages and negative MACD). Valuation is a partial offset with a moderate P/E and high dividend yield, but the yield appears higher-risk in the context of weakened cash generation.
Positive Factors
Balance-sheet resilience
Moderate historical leverage and sizable equity provide a durable financial buffer. This structural strength increases the company's ability to absorb demand shocks, access financing on reasonable terms, and maintain operations or strategic investments over the next several months while management works on recovery.
Negative Factors
Negative cash generation
Operating and free cash flow turning negative is a structural concern. It reduces funding for capex, working capital, and dividends, and forces reliance on external financing. Over 2–6 months this heightens liquidity and execution risk and constrains strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet resilience
Moderate historical leverage and sizable equity provide a durable financial buffer. This structural strength increases the company's ability to absorb demand shocks, access financing on reasonable terms, and maintain operations or strategic investments over the next several months while management works on recovery.
Read all positive factors
Singapore Post (S08) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$742.36M
Dividend Yield22.42%
Average Volume (3M)11.99M
Price to Earnings (P/E)13.4
Beta (1Y)0.81
Revenue Growth-72.75%
EPS Growth-78.67%
CountrySG
Employees4,900
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.02
Shares Outstanding2,275,089,400
10 Day Avg. Volume9,895,500
30 Day Avg. Volume11,985,443
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)0.66
Price to Sales (P/S)2.07
P/FCF Ratio-20.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)S$329.00M
Singapore Post Business Overview & Revenue Model
Company Description
Operating across diverse global markets, including Singapore, Japan, Europe, New Zealand, Hong Kong, and Australia, Singapore Post Limited and its various subsidiaries specialize in three core business areas: postal and parcel services, e-commerce...
How the Company Makes Money
SingPost generates revenue primarily by charging customers for delivery and logistics services across mail and parcels. Key revenue streams typically include: (1) Domestic postal and parcel services: fees from collecting, processing, transporting,...
Singapore Post Earnings Call Summary
Earnings Call Date:Nov 09, 2025
(Q2-2026)
| Next Earnings Date:Aug 19, 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
42
Neutral
Balance Sheet
55
Neutral
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 376.05M | 813.70M | 1.69B | 1.87B | 1.67B |
| Gross Profit | 100.53M | 156.03M | 283.81M | 222.32M | 228.23M |
| EBITDA | 42.52M | 387.25M | 210.79M | 170.18M | 184.51M |
| Net Income | 60.88M | 245.14M | 78.33M | 13.95M | 83.11M |
Balance Sheet | |||||
| Total Assets | 2.04B | 2.39B | 3.14B | 2.84B | 2.68B |
| Cash, Cash Equivalents and Short-Term Investments | 603.81M | 791.88M | 476.74M | 495.70M | 288.44M |
| Total Debt | 614.29M | 370.23M | 975.80M | 955.62M | 600.45M |
| Total Liabilities | 866.62M | 782.95M | 1.71B | 1.71B | 1.54B |
| Stockholders Equity | 1.17B | 1.57B | 1.13B | 1.13B | 1.31B |
Cash Flow | |||||
| Free Cash Flow | -37.48M | 26.67M | 38.18M | 63.75M | 40.52M |
| Operating Cash Flow | -21.77M | 77.76M | 93.39M | 92.18M | 64.78M |
| Investing Cash Flow | 66.30M | 538.12M | -145.91M | -189.91M | -56.97M |
| Financing Cash Flow | -210.79M | -396.19M | 33.56M | 313.00M | -227.35M |
Singapore Post Technical Analysis
Neutral
0.39
Price Trends
0.34
Negative
0.36
Negative
0.39
Negative
Market Momentum
>-0.01
Negative
47.32
Neutral
85.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:S08, the sentiment is Neutral. The current price of 0.39 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.34, and above the 200-day MA of 0.39, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 85.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | 18.60 | 6.83% | 3.33% | 0.39% | 39.21% | |
69 Neutral | S$524.59M | 6.19 | 11.14% | 7.98% | 11.38% | 6.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | S$6.02B | 21.80 | 10.80% | 1.44% | 9.01% | 17.18% | |
60 Neutral | S$515.03M | 61.51 | 0.75% | ― | 12.19% | ― | |
59 Neutral | $1.74B | 18.18 | 3.01% | 7.12% | 3.52% | 14.58% | |
44 Neutral | S$742.36M | 13.40 | 20.03% | 22.42% | -72.75% | -78.67% |
* Industrials Sector Average
SG:S08
Singapore Post
0.33
-0.15
-31.82%
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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.