Singapore Airlines: The Best Airline in the World but Not the Stock Price

349 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.

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