| SRFM Stock | | | 2.51 0.46 22.44% |
This module uses fundamental data of Surf Air to approximate the value of its Beneish M Score. Surf Air M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out
Surf Air Piotroski F Score and
Surf Air Altman Z Score analysis.
At this time, Surf Air's
Long Term Debt is very stable compared to the past year. As of the 22nd of November 2024,
Short and Long Term Debt is likely to grow to about 14.4
M, while
Net Debt is likely to drop about 30.7
M. At this time, Surf Air's
ROE is very stable compared to the past year. As of the 22nd of November 2024,
Graham Number is likely to grow to 123.12, while
PTB Ratio is likely to drop
(0.83).
At this time, it appears that Surf Air Mobility is an unlikely manipulator. The earnings manipulation may begin if Surf Air's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Surf Air executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Surf Air's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-7.21
Beneish M Score - Unlikely Manipulator
| Elasticity of Receivables | |
| Financial Leverage Condition | |
Surf Air Beneish M-Score Indicator Trends
The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Surf Air's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Surf Air Mobility Beneish M-Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical
financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Surf Air's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Surf Air in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Surf Air's degree of accounting gimmicks and manipulations.
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About Surf Air Beneish M Score
M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled
The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed
financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.
Surf Air ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Surf Air's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Surf Air's managers, analysts, and investors.
About Surf Air Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Surf Air Mobility's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Surf Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of Surf Air Mobility based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our
fundamental analysis page.
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Try AI Portfolio ArchitectWhen determining whether Surf Air Mobility is a strong investment it is important to analyze Surf Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Surf Air's
future performance.
For an informed investment choice regarding Surf Stock, refer to the following important reports: Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost
the valuation of Surf Air. If investors know Surf will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Surf Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share | Revenue Per Share | Quarterly Revenue Growth | Return On Assets |
The market value of Surf Air Mobility is measured differently than its book value, which is the value of Surf that is recorded on the company's balance sheet. Investors also form their own opinion of Surf Air's value that differs from its market value or its book value, called intrinsic value, which is Surf Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Surf Air's market value can be influenced by many factors that don't directly affect Surf Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Surf Air's value and its price as these two are different measures arrived at by different means. Investors typically determine
if Surf Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Surf Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.