Is SPKL or SUMA more undervalued in 2026?

CirclFi compares Spark I Acquisition Corp. (SPKL) and SUMA Acquisition Corporation (SUMA) using 13 institutional-grade valuation models. SPKL has a Quality of Company score of 4.8/10 while SUMA scores 1.7/10.

Which is a better buy — SPKL or SUMA?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do SPKL and SUMA valuations compare?

SPKL at $11.92 and SUMA at $9.86 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SPKL vs SUMA Valuation Comparison 2026 — Intrinsic Value Analysis

SPKL

Blank Checks

Spark I Acquisition Corp.

Quality

4.8

out of 10

Value Trap

SAFE

Price

$11.92

Last close

Models

11/13

Active

SUMA

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SUMA Acquisition Corporation

Quality

1.7

out of 10

Value Trap

—

Price

$9.86

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	SPKL Fair Value	SPKL Upside	SUMA Fair Value	SUMA Upside
Bayesian DCF	Intrinsic	$3.32	-72.1%	$2.60	-73.6%
Earnings Power Value	Intrinsic	$0.49	-95.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$12.50	+4.8%	$9.20	-6.6%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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SPKL vs SUMA — Which Stock Is More Undervalued?

SPKL scores higher with a 4.8/10 quality rating vs SUMA's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Spark I Acquisition Corp. (SPKL) and SUMA Acquisition Corporation (SUMA) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

SPKL currently trades at $11.92 with a QOC of 4.8/10, while SUMA trades at $9.86 with a QOC of 1.7/10.

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 Topology), and ensemble methods (CUCE).