LTM vs SRFM

LATAM Airlines Group S.A. vs Surf Air Mobility Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — SRFM scores higher on quality with 4.8/10 vs LTM's 2.1/10. LTM trades at $51.01 while SRFM trades at $1.13. Both analyzed daily using SEC EDGAR data across 13 institutional models.

LTM

Airlines
LATAM Airlines Group S.A.
Quality
2.1
out of 10
Value Trap
Price
$51.01
Last close
Models
11/13
Active
VS

SRFM

Airlines
Surf Air Mobility Inc.
Quality
4.8
out of 10
Value Trap
18
SAFE
Price
$1.13
Last close
Models
6/13
Active
LTM
2 models active
Quality 2.1/10 — below average
SRFM
PWERM sees +125.0% upside
Quality 4.8/10 — below average

LTM vs SRFM — Fair Value Comparison

LTM
$0$20$40$60 Price$51.01 Bayesian …$15.90 (-68.8%) Earnings …$19.32 (-61.4%)
SRFM
$0$1$2$3 Price$1.13 Bayesian …$0.18 (-83.6%) PWERM$2.54 (+125.0%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType LTM Fair ValueLTM Upside SRFM Fair ValueSRFM Upside
Bayesian DCF Intrinsic $15.90 -68.8% $0.18 -83.6%
Earnings Power Value Intrinsic $19.32 -61.4%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
Markov DDM Intrinsic $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $2.54 +125.0%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%
RCMH-DCF Intrinsic $•••.•• ••.•% $•••.•• ••.•%

LTM vs SRFM — Which Stock Is More Undervalued in 2026?

SRFM scores higher with a 4.8/10 quality rating vs LTM's 2.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do LTM and SRFM Valuations Compare?

At $51.01, LTM trades +68.8% above its Bayesian DCF fair value of $15.90, while SRFM at $1.13 trades +83.6% above its estimate of $0.18. SRFM shows a wider gap between price and intrinsic value.

Quality of Company: LTM vs SRFM

LTM earns a Quality of Company score of 2.1/10 compared to SRFM's 4.8/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: LTM vs SRFM

Review the value trap analysis for both LTM and SRFM to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Airlines

Both LTM and SRFM operate in Airlines, which has 17 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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