Aersale Corporation (ASLE)
NASDAQ:ASLE
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AerSale Corporation
(NASDAQ:ASLE)
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Rating:54Neutral
Price Target:
$6.50
▼(-6.34% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by negative and volatile operating/free cash flow despite a strong, low-leverage balance sheet. Technicals also remain weak with the stock trading below key moving averages. The latest earnings call was a modest positive due to improving EBITDA and reiterated 2026 scaling/margin goals, but valuation support is limited given the negative P/E and no dividend yield data.
Positive Factors
Conservative Balance Sheet
Low leverage and materially reduced debt give AerSale durable financial flexibility to fund asset purchases, lease placements, and facility ramp-ups without heavy refinancing risk. This strengthens its ability to execute capital-intensive feedstock and leasing strategies across cycles.
Negative Factors
Weak Cash Generation
Negative and volatile operating and free cash flow indicate earnings are not reliably converting to cash, raising execution and liquidity risk. This can constrain the firm's ability to self-fund feedstock, lease placements, and facility ramps, increasing reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and materially reduced debt give AerSale durable financial flexibility to fund asset purchases, lease placements, and facility ramp-ups without heavy refinancing risk. This strengthens its ability to execute capital-intensive feedstock and leasing strategies across cycles.
Read all positive factors
AerSale Corporation (ASLE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$311.40M
Dividend YieldN/A
Average Volume (3M)311.19K
Price to Earnings (P/E)26.2
Beta (1Y)1.09
Revenue Growth6.19%
EPS GrowthN/A
CountryUS
Employees636
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.25
Shares Outstanding47,252,830
10 Day Avg. Volume376,053
30 Day Avg. Volume311,186
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)0.79
Price to Sales (P/S)1.00
P/FCF Ratio-11.55
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue1.01
Enterprise Value/Gross Profit3.21
Enterprise Value/Ebitda10.09
Forecast
1Y Price Target
$8.00Price Target Upside15.27% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.81
Revenue Forecast (FY)$405.65M
AerSale Corporation Business Overview & Revenue Model
Company Description
AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and ...
How the Company Makes Money
AerSale makes money primarily by monetizing aircraft and engine assets across the aviation lifecycle and by providing recurring aftermarket services. Key revenue streams include: (1) Asset sales and trading: purchasing, leasing, and selling used a...
AerSale Corporation Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call presented a generally positive operational and financial trajectory: revenue and adjusted EBITDA improved meaningfully, leasing and engine portfolios expanded, TechOps capacity additions began generating revenue, and backlog and product demand are healthy. Offsetting these positives are temporary margin pressures from start-up costs, reduced USM sales due to internal consumption, a significant use of cash for feedstock acquisitions (leaving only $2.1M in cash), and geopolitical uncertainty. Management characterizes many negatives as temporary and expects margins and utilization to improve as expansions mature.Positive Updates
Revenue Growth
Total revenue of $70.6 million, up 7.4% year-over-year; excluding volatile flight equipment sales, revenue increased 2.2% YoY driven by leasing growth.
Negative Updates
USM Sales Decline and Inventory Consumption
Used serviceable material (USM) sales decreased due to internal consumption of engine material for in-house engine builds, reducing near-term USM monetization.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of $70.6 million, up 7.4% year-over-year; excluding volatile flight equipment sales, revenue increased 2.2% YoY driven by leasing growth.
Read all positive updates
Company Guidance
The company’s guidance for the remainder of 2026 emphasizes scaling leasing and MRO to drive more predictable recurring revenue, with plans to place the remaining four Boeing 757 freighters this year and to continue expanding an 18‑engine (up from 16) and three‑freighter lease pool (up from one), monetize inventory/USM, fill MRO capacity, and improve margins as recent expansions mature; management expects to exceed the incremental $50 million revenue target from expansion initiatives, sees Millington achieving gross profit margins in excess of 20% as it ramps, anticipates overall margins to normalize and improve from the Q1 gross margin of 26.7%, and expects the majority of the $15.3 million backlog to close in 2026, all supported by inventory of $369.5 million, aircraft and engines held for lease of $121.5 million, recent $25.1 million feedstock deployment, and available liquidity of $41.8 million (cash $2.1 million plus $39.7 million revolver availability).AerSale Corporation Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 340.12M | 335.29M | 345.07M | 334.50M | 408.54M | 340.44M |
| Gross Profit | 106.69M | 105.77M | 103.94M | 92.42M | 151.39M | 119.39M |
| EBITDA | 33.95M | 35.12M | 26.16M | 48.00K | 66.89M | 69.66M |
| Net Income | 11.87M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
Balance Sheet | ||||||
| Total Assets | 668.07M | 640.47M | 604.72M | 553.94M | 531.58M | 487.49M |
| Cash, Cash Equivalents and Short-Term Investments | 2.08M | 4.38M | 4.70M | 5.87M | 147.19M | 130.19M |
| Total Debt | 33.29M | 34.78M | 75.97M | 66.53M | 32.71M | 0.00 |
| Total Liabilities | 245.28M | 216.04M | 149.10M | 108.92M | 86.60M | 78.61M |
| Stockholders Equity | 422.78M | 424.43M | 455.62M | 445.01M | 444.98M | 408.88M |
Cash Flow | ||||||
| Free Cash Flow | -13.73M | -29.05M | -17.85M | -185.51M | -15.71M | 75.19M |
| Operating Cash Flow | -4.41M | -22.97M | 11.18M | -174.15M | -113.00K | 79.08M |
| Investing Cash Flow | -3.45M | -3.86M | -16.13M | 3.09M | 41.37M | 13.20M |
| Financing Cash Flow | 5.25M | 26.51M | 3.77M | 29.74M | -24.26M | 8.59M |
AerSale Corporation Technical Analysis
Neutral
6.94
Price Trends
6.55
Positive
6.92
Negative
7.24
Negative
Market Momentum
-0.08
Negative
52.17
Neutral
87.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASLE, the sentiment is Neutral. The current price of 6.94 is above the 20-day moving average (MA) of 6.55, above the 50-day MA of 6.55, and below the 200-day MA of 7.24, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 52.17 is Neutral, neither overbought nor oversold. The STOCH value of 87.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ASLE.
AerSale Corporation Risk Analysis
AerSale Corporation disclosed 41 risk factors in its most recent earnings report. AerSale Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AerSale Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $311.40M | 26.23 | 2.83% | ― | 6.19% | ― | |
54 Neutral | $242.97M | -3.68 | 6.87% | ― | 14.51% | 28.04% | |
50 Neutral | $1.39B | -3.78 | -88.57% | ― | -0.47% | -632.83% | |
50 Neutral | $124.49M | -0.23 | 140.66% | ― | -3.24% | 35.57% |
* Industrials Sector Average
ASLE
AerSale Corporation
6.59
0.79
13.62%
ULCC
Frontier Group Holdings
6.05
2.04
50.87%
FLYX
flyExclusive
2.53
-0.77
-23.33%
SRFM
Surf Air Mobility, Inc.
1.24
-0.92
-42.59%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.