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SURF AIR MOBILITY INC (SRFM) Stock Fundamental Analysis

NYSE:SRFM - New York Stock Exchange, Inc. - US8689272032 - Common Stock - Currency: USD

4.16  +0.38 (+10.05%)

After market: 4.17 +0.01 (+0.24%)

Fundamental Rating

2

Taking everything into account, SRFM scores 2 out of 10 in our fundamental rating. SRFM was compared to 23 industry peers in the Passenger Airlines industry. SRFM may be in some trouble as it scores bad on both profitability and health. SRFM is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year SRFM has reported negative net income.
In the past year SRFM has reported a negative cash flow from operations.
SRFM Yearly Net Income VS EBIT VS OCF VS FCFSRFM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 -50M -100M -150M -200M -250M

1.2 Ratios

SRFM has a Return On Assets of -191.22%. This is amonst the worse of the industry: SRFM underperforms 86.96% of its industry peers.
Industry RankSector Rank
ROA -191.22%
ROE N/A
ROIC N/A
ROA(3y)-413.98%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SRFM Yearly ROA, ROE, ROICSRFM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 0 200 -200 -400

1.3 Margins

The Gross Margin of SRFM (8.85%) is worse than 78.26% of its industry peers.
The Profit Margin and Operating Margin are not available for SRFM so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.85%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SRFM Yearly Profit, Operating, Gross MarginsSRFM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 0 -100 -200 -300 -400

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2. Health

2.1 Basic Checks

SRFM does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SRFM has been reduced compared to 1 year ago.
Compared to 1 year ago, SRFM has an improved debt to assets ratio.
SRFM Yearly Shares OutstandingSRFM Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 10M 20M 30M 40M
SRFM Yearly Total Debt VS Total AssetsSRFM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 20M 40M 60M 80M 100M

2.2 Solvency

Based on the Altman-Z score of -13.73, we must say that SRFM is in the distress zone and has some risk of bankruptcy.
SRFM's Altman-Z score of -13.73 is on the low side compared to the rest of the industry. SRFM is outperformed by 91.30% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -13.73
ROIC/WACCN/A
WACC8.74%
SRFM Yearly LT Debt VS Equity VS FCFSRFM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 0 20M -20M -40M -60M -80M

2.3 Liquidity

SRFM has a Current Ratio of 0.11. This is a bad value and indicates that SRFM is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of SRFM (0.11) is worse than 95.65% of its industry peers.
A Quick Ratio of 0.11 indicates that SRFM may have some problems paying its short term obligations.
SRFM has a Quick ratio of 0.11. This is amonst the worse of the industry: SRFM underperforms 95.65% of its industry peers.
Industry RankSector Rank
Current Ratio 0.11
Quick Ratio 0.11
SRFM Yearly Current Assets VS Current LiabilitesSRFM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 50M 100M

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3. Growth

3.1 Past

SRFM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.27%.
The Revenue has grown by 119.11% in the past year. This is a very strong growth!
The Revenue has been growing by 100.56% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-34.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%90.13%
Revenue 1Y (TTM)119.11%
Revenue growth 3Y100.56%
Revenue growth 5YN/A
Sales Q2Q%29.22%

3.2 Future

The Earnings Per Share is expected to grow by 16.76% on average over the next years. This is quite good.
Based on estimates for the next years, SRFM will show a very strong growth in Revenue. The Revenue will grow by 33.68% on average per year.
EPS Next Y9.57%
EPS Next 2Y24.58%
EPS Next 3Y15.1%
EPS Next 5Y16.76%
Revenue Next Year8.16%
Revenue Next 2Y26.29%
Revenue Next 3Y31.9%
Revenue Next 5Y33.68%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SRFM Yearly Revenue VS EstimatesSRFM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
SRFM Yearly EPS VS EstimatesSRFM Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 10 15 20

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4. Valuation

4.1 Price/Earnings Ratio

SRFM reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SRFM is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SRFM Price Earnings VS Forward Price EarningsSRFM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SRFM Per share dataSRFM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 -10

4.3 Compensation for Growth

SRFM's earnings are expected to grow with 15.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.58%
EPS Next 3Y15.1%

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5. Dividend

5.1 Amount

No dividends for SRFM!.
Industry RankSector Rank
Dividend Yield N/A

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SURF AIR MOBILITY INC

NYSE:SRFM (3/7/2025, 8:04:01 PM)

After market: 4.17 +0.01 (+0.24%)

4.16

+0.38 (+10.05%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)11-14 2024-11-14/amc
Earnings (Next)N/A N/A
Inst Owners31.99%
Inst Owner Change-2.3%
Ins Owners4.66%
Ins Owner Change33.45%
Market Cap66.39M
Analysts80
Price Target12.75 (206.49%)
Short Float %6.41%
Short Ratio1.85
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.56%
Min EPS beat(2)-1.1%
Max EPS beat(2)12.23%
EPS beat(4)1
Avg EPS beat(4)-61.66%
Min EPS beat(4)-147.68%
Max EPS beat(4)12.23%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)6.83%
Min Revenue beat(2)5.8%
Max Revenue beat(2)7.87%
Revenue beat(4)4
Avg Revenue beat(4)4.78%
Min Revenue beat(4)2.41%
Max Revenue beat(4)7.87%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)7.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.56
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-10.81
EYN/A
EPS(NY)-3.63
Fwd EYN/A
FCF(TTM)-3.16
FCFYN/A
OCF(TTM)-3.14
OCFYN/A
SpS7.41
BVpS-8.5
TBVpS-10
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -191.22%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.85%
FCFM N/A
ROA(3y)-413.98%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover1.21
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 5.49%
Cap/Sales 0.37%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.11
Quick Ratio 0.11
Altman-Z -13.73
F-Score3
WACC8.74%
ROIC/WACCN/A
Cap/Depr(3y)86.88%
Cap/Depr(5y)N/A
Cap/Sales(3y)5.51%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-34.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%90.13%
EPS Next Y9.57%
EPS Next 2Y24.58%
EPS Next 3Y15.1%
EPS Next 5Y16.76%
Revenue 1Y (TTM)119.11%
Revenue growth 3Y100.56%
Revenue growth 5YN/A
Sales Q2Q%29.22%
Revenue Next Year8.16%
Revenue Next 2Y26.29%
Revenue Next 3Y31.9%
Revenue Next 5Y33.68%
EBIT growth 1Y16%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year39.57%
EBIT Next 3Y17.11%
EBIT Next 5Y22.35%
FCF growth 1Y-154.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-129.57%
OCF growth 3YN/A
OCF growth 5YN/A