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Singapore Airlines Valuation Multiples
Discover revenue and EBITDA valuation multiples for Singapore Airlines and similar public comparables like LATAM Airlines, Air China, GOL Airlines, China Southern Airlines and more.
Singapore Airlines Overview
About Singapore Airlines
Singapore Airlines is Singapore's flagship carrier and one of the region’s largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
Founded
1972
HQ
Employees
27.8K
Website
Sectors
Financials (LTM)
EV
$19B
Singapore Airlines Financials
Singapore Airlines reported last 12-month revenue of $16B and EBITDA of $3B.
In the same LTM period, Singapore Airlines generated $1B in gross profit, $3B in EBITDA, and $870M in net income.
Revenue (LTM)
Singapore Airlines P&L
In the most recent fiscal year, Singapore Airlines reported revenue of $15B and EBITDA of $4B.
Singapore Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 9% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 29% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $870M | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $987M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Singapore Airlines Stock Performance
Singapore Airlines has current market cap of $16B, and enterprise value of $19B.
Market Cap Evolution
Singapore Airlines' stock price is $5.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19B | $16B | 0.3% | XXX | XXX | XXX | $0.69 |
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Start Free TrialSingapore Airlines Valuation Multiples
Singapore Airlines trades at 1.2x EV/Revenue multiple, and 5.6x EV/EBITDA.
EV / Revenue (LTM)
Singapore Airlines Financial Valuation Multiples
As of April 20, 2026, Singapore Airlines has market cap of $16B and EV of $19B.
Equity research analysts estimate Singapore Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Singapore Airlines has a P/E ratio of 18.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $16B | XXX | $16B | XXX | XXX | XXX |
| EV (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 5.6x | XXX | 4.3x | XXX | XXX | XXX |
| EV/EBIT | 12.5x | XXX | 14.2x | XXX | XXX | XXX |
| EV/Gross Profit | 13.2x | XXX | 4.4x | XXX | XXX | XXX |
| P/E | 18.7x | XXX | 7.4x | XXX | XXX | XXX |
| EV/FCF | (68.0x) | XXX | 8.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Singapore Airlines Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Singapore Airlines Margins & Growth Rates
Singapore Airlines' revenue in the last 12 month grew by 5%.
Singapore Airlines' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Singapore Airlines' rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Singapore Airlines' rule of X is 33% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Singapore Airlines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 0% | XXX | (23%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 33% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 53% | XXX | 50% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 20% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Singapore Airlines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Singapore Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| LATAM Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Air China | XXX | XXX | XXX | XXX | XXX | XXX |
| GOL Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| China Southern Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| China Eastern Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Singapore Airlines M&A Activity
Singapore Airlines acquired XXX companies to date.
Last acquisition by Singapore Airlines was on XXXXXXXX, XXXXX. Singapore Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Singapore Airlines
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSingapore Airlines Investment Activity
Singapore Airlines invested in XXX companies to date.
Singapore Airlines made its latest investment on XXXXXXXX, XXXXX. Singapore Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Singapore Airlines
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Singapore Airlines
| When was Singapore Airlines founded? | Singapore Airlines was founded in 1972. |
| Where is Singapore Airlines headquartered? | Singapore Airlines is headquartered in Singapore. |
| How many employees does Singapore Airlines have? | As of today, Singapore Airlines has over 27K employees. |
| Who is the CEO of Singapore Airlines? | Singapore Airlines' CEO is Choon Phong Goh. |
| Is Singapore Airlines publicly listed? | Yes, Singapore Airlines is a public company listed on Singapore Exchange. |
| What is the stock symbol of Singapore Airlines? | Singapore Airlines trades under C6L ticker. |
| When did Singapore Airlines go public? | Singapore Airlines went public in 1985. |
| Who are competitors of Singapore Airlines? | Singapore Airlines main competitors are LATAM Airlines, Air China, GOL Airlines, China Southern Airlines. |
| What is the current market cap of Singapore Airlines? | Singapore Airlines' current market cap is $16B. |
| What is the current revenue of Singapore Airlines? | Singapore Airlines' last 12 months revenue is $16B. |
| What is the current revenue growth of Singapore Airlines? | Singapore Airlines revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Singapore Airlines? | Current revenue multiple of Singapore Airlines is 1.2x. |
| Is Singapore Airlines profitable? | Yes, Singapore Airlines is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Singapore Airlines? | Singapore Airlines' last 12 months EBITDA is $3B. |
| What is Singapore Airlines' EBITDA margin? | Singapore Airlines' last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Singapore Airlines? | Current EBITDA multiple of Singapore Airlines is 5.6x. |
| What is the current FCF of Singapore Airlines? | Singapore Airlines' last 12 months FCF is ($284M). |
| What is Singapore Airlines' FCF margin? | Singapore Airlines' last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Singapore Airlines? | Current FCF multiple of Singapore Airlines is (68.0x). |
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