SINGF (Singapore Airlines) Intrinsic Value: Projected FCF: $6.85 (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SINGF Singapore Airlines Ltd SINGF
69 GF Score
Price $5.30
GF Value $10.42
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Singapore Airlines Intrinsic Value: Projected FCF?

Singapore Airlines SINGF 69 Intrinsic Value: Projected FCF is $6.85 as of Sep. 15, 2026. GuruFocus rates SINGF with a GF Score™ of 69/100 and a GF Value™ of $10.42 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 733 Transportation companies, Singapore Airlines ranks better than 54.71% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-15), Singapore Airlines's Intrinsic Value: Projected FCF is $6.85. The stock price of Singapore Airlines is $5.295. Therefore, Singapore Airlines's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

The historical rank and industry rank for Singapore Airlines's Intrinsic Value: Projected FCF or its related term are showing as below:

SINGF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.77   Med: 3.64   Max: 36.12
Current: 0.77

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Singapore Airlines was 36.12. The lowest was 0.77. And the median was 3.64.

SINGF's Price-to-Projected-FCF is ranked better than
54.71% of 733 companies
in the Transportation industry
Industry Median: 0.86 vs SINGF: 0.77

Singapore Airlines  (OTCPK:SINGF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Singapore Airlines's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=5.295/6.821991613802
=0.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Singapore Airlines Intrinsic Value: Projected FCF Related Terms


Singapore Airlines Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Singapore Airlines's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Singapore Airlines Intrinsic Value: Projected FCF Chart

Singapore Airlines Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.80 0.58 1.54 3.50 6.50

Singapore Airlines Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 1.18 3.50 2.11 6.50

SINGF vs DAL, UAL, LUV: Intrinsic Value: Projected FCF Comparison

For the Airlines subindustry, Singapore Airlines's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Singapore Airlines Price-to-Projected-FCF vs Transportation Industry

For the Transportation industry and Industrials sector, Singapore Airlines's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Singapore Airlines's Price-to-Projected-FCF falls into.


SINGF
69GF Score
Singapore Airlines Ltd SINGF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singapore Airlines Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Singapore Airlines's Free Cash Flow(6 year avg) = $852.84.

Singapore Airlines's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(12.100819886097*852.84157142857+13489.919*0.8)/3094.700
=6.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $6.85 mean?
Singapore Airlines (SINGF) has a Intrinsic Value: Projected FCF of $6.85 as of Sep. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Singapore Airlines and its competitors. According to the industry distribution chart, Singapore Airlines ranks #332 out of 733 companies in the Transportation industry, placing it in the top 45.3%.
Is Singapore Airlines' Intrinsic Value: Projected FCF too high?
Singapore Airlines' current Intrinsic Value: Projected FCF is $6.85. The Transportation industry median Intrinsic Value: Projected FCF is 0.86. Singapore Airlines' value of $6.85 is 696.5% above this industry median. Based on the distribution chart, Singapore Airlines ranks #332 out of 733 companies in the Transportation industry, which is above the industry midpoint. Overall, Singapore Airlines has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Intrinsic Value: Projected FCF compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #332 out of 733 companies for Intrinsic Value: Projected FCF. This puts Singapore Airlines in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.86. Singapore Airlines' value of $6.85 is 696.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Transportation company?
The median Intrinsic Value: Projected FCF among Transportation companies is 0.86, based on 733 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Singapore Airlines's current Intrinsic Value: Projected FCF of $6.85 is 696.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Singapore Airlines and its competitors. For the Transportation industry, the median Intrinsic Value: Projected FCF is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Intrinsic Value: Projected FCF is $6.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGF) is currently considered Possible Value Trap. The stock's GF Value™ is $10.42, compared to a current price of $5.30 — trading 49.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is $6.85 and 696.5% above the Transportation industry median of 0.86. Singapore Airlines' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Singapore Airlines (SINGF), the current Intrinsic Value: Projected FCF is $6.85 as of Sep. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Singapore Airlines (SINGF) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Airlines stock appears to be undervalued. The current stock price of $5.30 is trading 49.2% below its estimated GF Value™ of $10.42. GuruFocus considers Singapore Airlines to be Possible Value Trap.

Key valuation signals for SINGF:

  • Intrinsic Value: Projected FCF: $6.85
  • GF Value™: $10.42 vs. price of $5.30 (49.2% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 696.5% above the Transportation median (#332 of 733)

No single metric tells the full story. See the SINGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Singapore Airlines Business Description

Address 25 Airline Road, Airline House, Sinagapore, SGP, 819829
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.
69GF Score

Get the complete analysis for SINGF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.30
Price
$10.42
GF Value