Grupo Aeromexico SAB DE CV - Sponsored ADR (AERO) vs Surf Air Mobility Inc. (SRFM)

Grupo Aeromexico SAB DE CV - Sponsored ADR and Surf Air Mobility Inc. are both Airlines companies. Grupo Aeromexico SAB DE CV - Sponsored ADR is the larger, with a market value of $2.3B against $112.0M — 20.5× the size. Surf Air Mobility Inc. has negative trailing earnings, so its P/E is not meaningful; Grupo Aeromexico SAB DE CV - Sponsored ADR trades at 8.3×. Grupo Aeromexico SAB DE CV - Sponsored ADR has the higher net margin (5.30% vs −101.6%) and the higher return on invested capital (23.1% vs 0.00%). Across the 15 metrics below, Grupo Aeromexico SAB DE CV - Sponsored ADR leads on 12 and Surf Air Mobility Inc. on 3.

Valuation

Metric AERO SRFM Airlines median
P/E 8.28 n/m 10.32
P/S 0.40 0.99 0.57
P/B n/m n/m 2.06
Price to free cash flow 2.78 n/m 13.20
EV/EBITDA 4.32 n/m 9.68
EV/Sales 0.93 1.06 0.89
Earnings yield 12.08% (144.14%) 2.85%
Free cash flow yield 35.95% (61.42%) 3.17%

Profitability

Metric AERO SRFM Airlines median
Gross margin 75.83% 1.57% 42.57%
Operating margin 15.48% (67.30%) 4.18%
Net margin 5.30% (101.58%) 1.85%
Free cash flow margin 15.24% (60.57%) 4.31%
Return on equity 0.00% 142.44% 10.75%
Return on assets 8.19% (83.41%) 1.67%
Return on invested capital 23.07% 0.00% 3.19%

Growth

Metric AERO SRFM Airlines median
Revenue growth (TTM) — 3.14% 9.79%
EPS growth (last fiscal year) (46.98%) 45.69% —
Revenue growth, 5-year CAGR — 70.02% 25.83%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AERO SRFM Airlines median
Debt to equity (6.38) (0.62) 0.81
Current ratio 0.62 0.26 0.60
Net debt to EBITDA 1.83 (0.46) 1.42

Dividend

Metric AERO SRFM Airlines median
Dividend yield — — 0.82%
Payout ratio — — 0.00

Size

Metric AERO SRFM Airlines median
Market cap 2.30b 112.01m 3.91b

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