Aspen Group (ASGR) AI Stock Analysis

• Market Cap: ₪476.68M
• Dividend Yield: 7.71%
• Average Volume (3M): 12.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: -3.10%
• EPS Growth: 53.93%
• Country: IL
• Employees: 30
• Sector: Technology
• Sector Strength: 88
• Industry: Real Estate - Services
• EPS (TTM): N/A
• Shares Outstanding: 64,292,274
• 10 Day Avg. Volume: 21,762
• 30 Day Avg. Volume: 12,546
• PEG Ratio: -0.10
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 2.00
• P/FCF Ratio: -22.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: 764.00 ▲(8.86% Upside)

Overall score is held back primarily by weak financial performance (ongoing losses and high leverage/negative ROE). Technicals are supportive due to a strong uptrend, but overbought signals raise near-term risk. Valuation benefits from a high dividend yield, though the negative P/E underscores continued earnings pressure.

Positive Factors

Focused online education model

A focused online, competency-based model targeting working adults in nursing/healthcare is structurally durable. It supports scalable delivery, lower fixed campus costs, and alignment with persistent labor-market demand for healthcare credentials, aiding long-term enrollment stability.

Improving margins

Reported improvement in EBIT/EBITDA margins signals operational efficiency gains that can persist if program mix and delivery scale hold. Sustained margin expansion increases internal cash available for reinvestment and debt service, supporting longer-term viability even before net profitability.

Positive TTM revenue trend

Positive trailing revenue growth indicates ongoing demand for Aspen's programs. For an education services provider, steady tuition revenue growth enhances predictability of cash flows and ability to scale fixed-costs, underpinning sustainable business expansion if volatility is managed.

Negative Factors

High leverage

Debt-to-equity persistently above 4 implies heavy reliance on borrowing, reducing financial flexibility. High leverage magnifies interest-rate and enrollment shocks, limits capacity to invest in program development, and increases refinancing risk over a multi-month horizon if cash generation falters.

Weak profitability

Negative net margins and ROE reflect an inability to convert operations into shareholder returns. Persistent losses erode equity, constrain strategic investments, and force dependence on external financing, undermining long-term resilience unless sustainable profitability is achieved.

Low cash conversion

A low operating cash flow to net income ratio indicates earnings do not fully convert to cash, creating structural liquidity risk. For a tuition-funded model, timing of collections and reliance on third-party aid can strain cash availability, complicating debt service and reinvestment over time.

Aspen Group Business Overview & Revenue Model

Company Description

Aspen Group (ASGR) is a forward-thinking education company that focuses on providing high-quality online degree programs and educational services primarily through its subsidiary, Aspen University. The company operates in the higher education sector, offering degrees in fields such as business, nursing, and education. Aspen Group aims to enhance access to affordable education, leveraging technology to deliver flexible and innovative learning experiences to students across the United States and beyond.

How the Company Makes Money

Aspen Group generates revenue primarily through tuition fees collected from students enrolled in its online degree programs. The company operates on a direct-to-consumer model, where students pay for their courses and programs, contributing to a consistent revenue stream. In addition to tuition, Aspen Group may also earn revenue through partnerships with organizations that provide educational services or through grants and financial aid that facilitate students' enrollment. The emphasis on affordable, accessible education positions Aspen Group to attract a diverse student base, further enhancing its revenue potential.

Aspen Group Financial Statement Overview

Summary

Mixed fundamentals: improved EBIT/EBITDA margins and better free cash flow trends, but profitability remains weak (negative net margin) and leverage is high (debt-to-equity consistently above 4) with negative ROE and a low equity ratio.

Income Statement

Aspen Group's income statement shows a mixed performance. The TTM data reveals a significant improvement in EBIT and EBITDA margins, indicating better operational efficiency. However, the company is struggling with profitability, as evidenced by the negative net profit margin. Revenue growth is positive in the TTM, but historical data shows fluctuations, suggesting volatility in revenue streams.

Balance Sheet

The balance sheet reflects high leverage, with a debt-to-equity ratio consistently above 4. This indicates a high reliance on debt financing, which poses a risk if interest rates rise. The return on equity is negative in the TTM, highlighting challenges in generating returns for shareholders. The equity ratio is relatively low, suggesting limited financial stability.

Cash Flow

Cash flow analysis shows improvement in free cash flow growth in the TTM, indicating better cash generation capabilities. The operating cash flow to net income ratio is low, suggesting that net income is not fully translating into cash flow. However, the free cash flow to net income ratio is positive, reflecting some efficiency in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	215.34M	213.71M	251.75M	282.91M	196.21M	182.35M
Gross Profit	154.63M	159.07M	197.82M	165.80M	144.46M	143.85M
EBITDA	124.14M	31.96M	-16.02M	320.17M	309.34M	94.95M
Net Income	-37.66M	-103.34M	-72.80M	35.33M	91.96M	34.20M
Balance Sheet
Total Assets	3.89B	3.52B	5.27B	5.35B	4.37B	2.82B
Cash, Cash Equivalents and Short-Term Investments	684.07M	182.63M	326.25M	447.26M	384.12M	378.21M
Total Debt	2.71B	2.43B	3.32B	3.16B	2.59B	1.76B
Total Liabilities	2.90B	2.59B	3.72B	3.73B	2.98B	1.97B
Stockholders Equity	573.24M	572.62M	721.31M	787.93M	722.57M	665.34M
Cash Flow
Free Cash Flow	68.83M	-19.18M	-28.15M	33.52M	-36.59M	41.92M
Operating Cash Flow	71.89M	49.71M	45.05M	100.77M	11.48M	42.06M
Investing Cash Flow	106.20M	-426.44M	-75.34M	-583.11M	-362.82M	102.90M
Financing Cash Flow	73.68M	240.33M	-83.35M	589.68M	295.87M	23.90M

Aspen Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 701.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ASGR, the sentiment is Positive. The current price of 701.8 is below the 20-day moving average (MA) of 802.01, below the 50-day MA of 756.86, and below the 200-day MA of 718.50, indicating a neutral trend. The MACD of -2.85 indicates Positive momentum. The RSI at 49.82 is Neutral, neither overbought nor oversold. The STOCH value of 38.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:ASGR.

Aspen Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ASGR	51 Neutral	₪476.68M	-12.93	―	7.71%	-3.10%	53.93%