Obermatt

Singapore Airlines

SES:C6L · SG1V61937297
AirlinesX-Large

360

66
EV / EBIT67
Price / Owner Earnings24
Owner Earnings Yield52
Dividend Yield79
Price/Sales41
EV / Gross Profit84
Price/Book33
Return on Capital49
Cash Return on Capital46
Return on Equity23
EBIT Margin55
Gross Profitability57
Cash Conversion85
Accruals78
Owner Earnings Margin39
Sales growth44
Profit Growth84
Long-Term EPS Growth82
Owner Earnings Growth23
Reinvestment59
Price momentum51
Debt load64
Refinancing21
Debt Payback67
Liquidity63
Analyst ratings18
Opinion Changes50
Price Target Upside25
Market mood92
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Singapore Airlines clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySingapore
IndustryAirlines
SizeX-Large
TypePublic Company
ExchangeSGX
Founded1972
Employees9,042
ISINSG1V61937297
Last UpdateApr 2, 2026
Themes
Business TravelFreight ServiceTravel AccommodationsFleet ManagementPassenger Aircraft ManufacturingAir TransportationTransportation

Description

Singapore Airlines Limited is an airline company that operates a global network of passenger and cargo services. The company is recognized for its commitment to providing high-quality service and maintaining a strong brand reputation in the aviation…

Analysis

Middle-of-the-road

Singapore Airlines Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 41.2× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 16% yearly growth; analysts expect 25%. The price, in other words, assumes less than the experts do.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
53
2023202420252026

All-time high

88

Jan 2024

All-time low

6

Dec 2025

Average rank

39

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
41
47
54
41
Price/Earnings
9
28
70
34
Price/Book
33
30
54
61
Dividend Yield
79
60
93
75
Value (overall)
25
33
80
64

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →