Singapore Airlines Limited (SINGY)
OTHER OTC:SINGY
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Singapore Airlines
(OTC:SINGY)
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Rating:71Outperform
Price Target:
$12.50
▲(16.28% Upside)
Action:ReiteratedDate:11/01/25
Singapore Airlines' overall stock score is driven by its strong financial recovery and attractive valuation. The company's robust revenue growth and profitability improvements post-pandemic are significant strengths. While technical indicators are mixed, the low P/E ratio and high dividend yield make the stock appealing for value and income investors. High debt levels and inconsistent cash flow growth are areas to watch.
Positive Factors
Revenue Recovery
A multi-year revenue rebound to $19.5B illustrates durable demand recovery and stronger route utilization. Sustained top-line growth supports network economics, higher aircraft yield potential, and provides a firmer base for reinvesting in service quality and capacity over the next 2-6 months.
Negative Factors
High Debt Levels
Persistently elevated debt constrains financial flexibility and raises refinancing and interest-rate sensitivity. Even with improved debt-to-equity metrics, high absolute borrowings increase risk if macro rates rise or cash flows soften, limiting capital allocation options long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A multi-year revenue rebound to $19.5B illustrates durable demand recovery and stronger route utilization. Sustained top-line growth supports network economics, higher aircraft yield potential, and provides a firmer base for reinvesting in service quality and capacity over the next 2-6 months.
Read all positive factors
Singapore Airlines (SINGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.67B
Dividend Yield6.16%
Average Volume (3M)995.00
Price to Earnings (P/E)9.9
Beta (1Y)0.40
Revenue Growth3.86%
EPS Growth15.58%
CountryUS
Employees22,819
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding1,578,335,200
10 Day Avg. Volume0
30 Day Avg. Volume995
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.40
Price to Sales (P/S)1.12
P/FCF Ratio7.75
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue1.28
Enterprise Value/Gross Profit2.02
Enterprise Value/Ebitda6.44
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Singapore Airlines Business Overview & Revenue Model
Company Description
Singapore Airlines Limited, together with subsidiaries, offers passenger and cargo air transportation services under the Singapore Airlines, SilkAir, and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. Th...
How the Company Makes Money
Singapore Airlines generates revenue primarily through its passenger transport services, which account for the majority of its earnings. The airline charges fares for its flights, which vary based on class of service, route, and demand. Additional...
Singapore Airlines Earnings Call Summary
Earnings Call Date:Nov 08, 2024
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed outlook for Singapore Airlines. While there are positive indicators such as revenue growth and strategic partnerships, significant challenges remain, including a substantial drop in profits and increased costs. The airline is strategically positioned in high-growth regions, but operational challenges, such as fleet delivery delays, continue to pose risks.Positive Updates
Revenue Growth
The revenue for the first half came in at $9.5 billion, up 3.7% year-on-year, driven by higher passenger traffic and strong e-commerce demand boosting cargo revenue.
Negative Updates
Profit Decline
Operating profit of $796 million for the first half was 49% lower than a year ago, with a net profit of $742 million also down by 49% year-on-year.
Read all updates
Q2-2025 Updates
Positive
Negative
Revenue Growth
The revenue for the first half came in at $9.5 billion, up 3.7% year-on-year, driven by higher passenger traffic and strong e-commerce demand boosting cargo revenue.
Read all positive updates
Company Guidance
The guidance provided in the Singapore Airlines Q2 2025 earnings call highlighted several key financial metrics and strategic initiatives. The airline reported an operating profit of $796 million for the first half of the fiscal year, which was a 49% decrease from the previous year. The operating profit margin stood at 8.4%, with revenue increasing by 3.7% year-on-year to $9.5 billion. Passenger capacity grew by 11%, while cargo capacity increased by 10.2%, leading to overall capacity growth of 10.6%. The passenger load factor was 86.4%, and cargo loads rose by 20%. The airline's net profit was $742 million, also down 49% year-on-year. The Board declared an interim dividend of 10%, consistent with the previous year. Singapore Airlines plans to end the financial year with an operating fleet of 204 aircraft, noting a delay in the delivery of five aircraft to 2025-2026. The company also emphasized its strategic focus on expanding partnerships, enhancing customer experience, and leveraging technology, including the adoption of Generative AI to improve operations.Singapore Airlines Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
68
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.54B | 19.01B | 17.77B | 7.61B | 3.82B |
| Gross Profit | 5.59B | 5.96B | 3.03B | -198.60M | -1.51B |
| EBITDA | 5.71B | 5.62B | 4.21B | 853.40M | -791.30M |
| Net Income | 2.78B | 2.67B | 2.16B | -962.00M | -4.27B |
Balance Sheet | |||||
| Total Assets | 43.09B | 44.26B | 50.19B | 49.72B | 37.58B |
| Cash, Cash Equivalents and Short-Term Investments | 8.78B | 12.66B | 16.73B | 14.17B | 8.05B |
| Total Debt | 12.91B | 13.45B | 15.34B | 15.92B | 14.56B |
| Total Liabilities | 27.02B | 27.52B | 29.94B | 26.92B | 21.30B |
| Stockholders Equity | 15.66B | 16.34B | 19.86B | 22.41B | 15.91B |
Cash Flow | |||||
| Free Cash Flow | 2.83B | 3.73B | 7.47B | -289.20M | -6.21B |
| Operating Cash Flow | 4.71B | 5.05B | 9.15B | 2.83B | -3.44B |
| Investing Cash Flow | -3.30B | -1.44B | -490.10M | -2.32B | -1.40B |
| Financing Cash Flow | -4.33B | -8.78B | -5.88B | 5.16B | 9.74B |
Singapore Airlines Technical Analysis
Positive
10.75
Price Trends
10.51
Positive
10.21
Positive
10.23
Positive
Market Momentum
-0.03
Negative
57.21
Neutral
58.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SINGY, the sentiment is Positive. The current price of 10.75 is above the 20-day moving average (MA) of 10.32, above the 50-day MA of 10.51, and above the 200-day MA of 10.23, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 57.21 is Neutral, neither overbought nor oversold. The STOCH value of 58.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SINGY.
Singapore Airlines Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $14.35B | 10.91 | 135.39% | 3.50% | 6.81% | 58.22% | |
73 Outperform | $32.63B | 269.96 | 27.85% | 1.37% | 14.75% | 71.73% | |
72 Outperform | $44.47B | 8.99 | 23.14% | 0.96% | 4.33% | -1.58% | |
71 Outperform | $16.67B | 9.90 | 11.35% | 6.16% | 3.86% | 15.58% | |
68 Neutral | $31.15B | 10.91 | 24.13% | ― | 4.24% | 20.29% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
46 Neutral | $7.53B | 25.57 | -2.76% | ― | 1.27% | 118.64% |
* Industrials Sector Average
SINGY
Singapore Airlines
10.60
1.66
18.57%
DAL
Delta Air Lines
68.08
29.20
75.09%
RYAAY
Ryanair Holdings
64.20
22.23
52.96%
UAL
United Airlines Holdings
96.30
33.55
53.47%
AAL
American Airlines
11.41
1.90
19.98%
LTM
LATAM Airlines Group SA Sponsored ADR
52.61
26.01
97.78%
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.