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Singapore Airlines Limited C6L.SI

SG · Singapore Exchange · XSES · stock · Industrials · website

Singapore Airlines Limited statistics & valuation

Market capS$22.2B
P / E18.8×
P / S1.1×
P / B1.3×
P / FCF9.4×
Net margin5.8%
FCF margin11.5%
Net debtS$2.7B
Enterprise value USD$19.5B
Earnings yield EBIT/EV9.9%
Return on capital8.3%
Graham number -2.7%S$6.86

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (S$6.86); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
12.10% 14.10% 14.20% 5.80% 2023202420252026
Gross margin (%)
32.50% 31.40% 28.60% 30.80% 2023202420252026
Operating margin (%)
14.80% 14.30% 8.80% 12.00% 2023202420252026
Return on equity (%)
10.90% 16.40% 17.70% 6.90% 2023202420252026
Shares outstanding
3.15B 3.15B 3.15B 3.15B 2023202420252026
Net debt (S$)
-S$988.3M S$2.19B S$4.66B S$2.71B 2023202420252026
Share buybacks (S$)
S$0 S$3.2M S$30.3M S$32.7M 2023202420252026
Return on assets (%)
4.40% 6.00% 6.40% 2.70% 2023202420252026
Free cash flow margin (%)
41.90% 19.50% 14.50% 11.50% 2023202420252026
Debt / equity (×)
0.77× 0.82× 0.82× 0.62× 2023202420252026
EPS (S$)
S$0.35 S$0.61 S$0.85 S$0.38 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Singapore Airlines Limited trades at about 18.5× earnings — above its 10-year norm (10-year range 7.9×–16.7×, median 16.5×).

7.9× 18.5×

Shaded band = 10-year range (7.9×–16.7×); dot = today's 18.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin30.8%28.6%31.4%32.5%
Operating margin12.0%8.8%14.3%14.8%
Net margin5.8%14.2%14.1%12.1%
FCF margin11.5%14.5%19.5%41.9%
Return on assets2.7%6.4%6.0%4.4%
Return on equity6.9%17.7%16.4%10.9%
Debt / equity0.33×0.47×0.53×0.43×
Current ratio0.970.821.231.41

Computed from company filings · SG · as of 2026-03-31. Figures in SGD. Facts plus Stocktoria's own computed scores — not investment advice.