Bedrijfsoverzicht
Surf Air Mobility Inc. is an enterprise engaged in the air mobility sector, operating within the United States and internationally to provide scheduled commercial air service flights alongside on-demand flights created for customers on an ad-hoc, by request basis. The company operates within the Industrials sector, specifically classified under the Airlines industry, which denotes a business model focused on passenger transportation infrastructure and operational logistics. Surf Air Mobility Inc. maintains a market capitalization of $87.00M and employs a workforce of 467 individuals to execute its aviation services. The current market capitalization of $87.00M combined with annual revenue of $106.56M suggests a company that generates significant operational turnover relative to its equity value, indicating a high-revenue structure typical of capital-intensive airline operations where asset turnover is critical for profitability.
Financiële gezondheid
The company reported revenue of $106.56M over the trailing twelve months, yet recorded a net income of $-110,556,000 and an EBITDA of $-67,580,000. The substantial divergence between the revenue figure of $106.56M and the net income of $-110,556,000 reveals a cost structure where operating expenses, likely including fuel, labor, and maintenance, significantly exceed total revenue generation. Free cash flow stands at $-42,716,376, which indicates that the company is burning cash rather than generating liquidity, thereby limiting its financial flexibility for strategic acquisitions or debt repayment without external capital injections. Analysis of the three primary margins shows a gross margin of 3.9%, an operating margin of -97.8%, and a profit margin of -103.8%, indicating that the company retains very little revenue after direct costs and faces severe losses after all operating and non-operating expenses. Regarding liquidity and leverage, the company holds $12.67M in cash against $100.58M in debt, while the debt-to-equity ratio is listed as N/A, suggesting a balance sheet that is heavily leveraged relative to its equity base. The current ratio of 0.23 indicates that current assets are insufficient to cover current liabilities, pointing to potential short-term liquidity challenges. Finally, the Return on Equity is N/A and the Return on Assets is -37.6%, which reveals that management effectiveness in generating returns on shareholder capital and total assets is currently negative.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is N/A, while the forward P/E is listed as -0.19, implying that the market is pricing in continued negative earnings and that traditional earnings-based valuation models are currently inapplicable due to losses. The price-to-book ratio is -1.50, which indicates that the market values the company at a negative multiple of its book value, a metric often seen in distressed or unprofitable airline entities where assets may be impaired. Alternative valuation metrics such as the price-to-sales ratio of 0.82 and the EV/EBITDA of -2.59 suggest that the company is trading at less than one times its sales, reflecting a valuation heavily dependent on future profitability turnaround rather than current financial performance. The 52-week price range spans from a low of $1.04 to a high of $9.91, placing the current trading position within a wide historical band that reflects significant investor sentiment volatility. The beta value of 3.37 indicates that the stock price exhibits high volatility, moving with significantly greater magnitude than the broader market, which is characteristic of small-cap, loss-making industrial firms.
Growth & Income
Revenue growth year-over-year stands at -5.7%, while earnings growth year-over-year is N/A, indicating that the company is contracting in terms of sales and lacks a positive earnings trajectory to support dividend distributions. As the company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, it does not distribute cash to shareholders, meaning that retained earnings are not being used for income generation but are instead consumed by operational losses. The absence of a dividend yield of N/A and a payout ratio of 0.0% confirms that the company reinvests its limited resources or relies on external financing to sustain operations rather than rewarding shareholders with income. The overall growth and income profile is characterized by declining revenue, negative earnings, a lack of dividend payments, and a high-risk volatility profile that does not align with traditional income-seeking investment strategies.