bearish
Singapore Airlines: The Best Airline in the World but Not the Stock Price
351 Views30 Mar 2023 00:29
SUMMARY
- Singapore Airlines (SIA) was recently named the best airline in the world for the year 2023 in the 49th Annual Air Transport World (ATW) Airline Industry Achievement Awards.
- Despite its excellent reputation and its ranking again as the top airline in the world, we have a negative view of Singapore Airlines' share price in the next 6-12 months.
- SIA is trading at EV/EBITDA of 8.9x in 2023 (FY ending March), which is higher multiple than in 2020 (FY ending March) when it had EV/EBITDA of 6.7x.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x