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AerSale Corporation
(NASDAQ:ASLE)
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Rating:50Neutral
Price Target:
$4.50
▼(-19.79% Downside)
Action:Reiterated
Date:08/07/26
ASLE scores below average primarily due to weak cash generation (negative TTM operating and free cash flow) and a near-breakeven earnings profile with declining TTM revenue and compressed margins. Offsetting factors include a relatively solid balance sheet and a cautiously constructive earnings-call outlook tied to leasing/MRO growth and planned asset monetizations, though limited liquidity increases sensitivity to execution. Technicals and valuation are broadly neutral based on the provided indicators.
Positive Factors
Diversified aviation aftermarket model
Coverage across the commercial aerospace lifecycle gives AerSale multiple ways to serve customers and monetize aviation assets. This diversification can support resilience across changing retirement cycles, aftermarket demand and airline maintenance needs, while enabling value capture at several stages.
Negative Factors
Persistent negative cash generation
Negative operating and free cash flow means the business is currently consuming cash rather than internally funding operations and growth. This increases dependence on asset monetization, borrowing capacity and execution timing, leaving less flexibility if recovery or sales proceeds are delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified aviation aftermarket model
Coverage across the commercial aerospace lifecycle gives AerSale multiple ways to serve customers and monetize aviation assets. This diversification can support resilience across changing retirement cycles, aftermarket demand and airline maintenance needs, while enabling value capture at several stages.
Read all positive factors
AerSale Corporation (ASLE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$223.36M
Dividend YieldN/A
Average Volume (3M)474.58K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth-13.38%
EPS Growth-155.45%
CountryUS
Employees704
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.05
Shares Outstanding47,726,765
10 Day Avg. Volume447,659
30 Day Avg. Volume474,581
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)0.79
Price to Sales (P/S)1.00
P/FCF Ratio-11.55
Enterprise Value/Market Cap2.13
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit5.42
Enterprise Value/Ebitda18.32
Forecast
1Y Price Target
$7.00Price Target Upside24.78% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.16
Revenue Forecast (FY)$322.59M
AerSale Corporation Business Overview & Revenue Model
Company Description
AerSale Corporation operates as a worldwide specialist in the aftermarket commercial aviation industry. The company provides commercial aircraft, engines, and their various parts, in addition to offering extensive maintenance, repair, and overhaul...
How the Company Makes Money
AerSale makes money primarily by monetizing aviation assets and providing aftermarket services across multiple revenue streams. (1) Asset sales and trading: The company acquires aircraft, engines, and parts (often from retired or end-of-life aircr...
AerSale Corporation Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: near-term results were weak due to timing (absence of flight equipment sales) and margin pressure from ramp-related costs and underutilized capacity, but there are clear positives including strong leasing growth (+50%), TechOps expansion (+8.7%), a sizable inventory/lease pool to monetize, a $35 million aircraft sale in the pipeline, and operational progress at MRO and landing gear businesses that management expects will drive a meaningfully stronger second half.Positive Updates
Leasing Revenue Growth and Expanded Lease Fleet
Leasing revenue grew ~50% year-over-year to $12.4 million; lease fleet expanded to 18 engines and 3 757 freighters from 16 engines and 1 freighter a year ago; placed fourth 757 converted freighter on lease in July and executed lease for a fifth (delivery scheduled this month).
Negative Updates
Large Year‑Over‑Year Revenue Decline
Total revenue was $70.9 million in Q2 2026 versus $107.4 million a year ago, driven primarily by the absence of flight equipment sales (prior-year flight equipment sales were $33.4 million).
Read all updates
Q2-2026 Updates
Positive
Negative
Leasing Revenue Growth and Expanded Lease Fleet
Leasing revenue grew ~50% year-over-year to $12.4 million; lease fleet expanded to 18 engines and 3 757 freighters from 16 engines and 1 freighter a year ago; placed fourth 757 converted freighter on lease in July and executed lease for a fifth (delivery scheduled this month).
Read all positive updates
Company Guidance
Guidance: AerSale said it expects a meaningfully stronger second half of 2026 as it monetizes assets and scales leasing and MRO operations; Q2 results reflected timing (Q2 revenue $70.9M and adjusted EBITDA $2.2M vs. prior-year $107.4M revenue and $18.3M adj. EBITDA) but management expects improving margins and cash flow as utilization increases. Key metrics cited: on-airport MRO margins historically ~20–30% at full operations and USM margins ~25%; TechOps revenue was $33.8M (+8.7%); leasing revenue grew ~50% YoY to $12.4M with 18 engines and 3 757 freighters on lease (vs. 16 engines and 1 freighter a year ago), the fourth 757 was placed in July and a fifth leased for imminent delivery, leaving just 2 freighters to monetize; 17 engines are in work and a $35M 737 sale to the U.S. Marshals Service is expected to close in late Q3/early Q4. Balance sheet and operational metrics supporting the outlook include $376M of inventory, $133M of aircraft & engines held for lease, YTD cash used in operations $33.5M, available liquidity $34M (cash $2.2M + $31.8M revolver availability on a $180M facility expandable to $200M), Q2 feedstock acquisitions $5.6M (vs. $27.1M a year ago), Goodyear storage of 84 Spirit aircraft (facility currently <20% hangar capacity), Millington with 2 lines in work and capacity to add 2 more, and landing-gear shop operating ~80% of one shift; priorities remain increasing leased assets, monetizing inventory, building MRO capacity and improving operational profitability.AerSale Corporation Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 303.67M | 335.29M | 345.07M | 334.50M | 408.54M | 340.44M |
| Gross Profit | 87.63M | 105.77M | 103.94M | 92.42M | 151.39M | 119.39M |
| EBITDA | 25.92M | 38.75M | 29.95M | 3.14M | 66.89M | 61.75M |
| Net Income | -2.28M | 8.57M | 5.85M | -5.56M | 43.86M | 36.12M |
Balance Sheet | ||||||
| Total Assets | 687.06M | 640.47M | 604.72M | 553.94M | 531.58M | 487.49M |
| Cash, Cash Equivalents and Short-Term Investments | 2.20M | 4.38M | 4.70M | 5.87M | 147.19M | 130.19M |
| Total Debt | 177.85M | 144.83M | 75.97M | 66.53M | 32.71M | 0.00 |
| Total Liabilities | 268.39M | 216.04M | 149.10M | 108.92M | 86.60M | 78.61M |
| Stockholders Equity | 418.67M | 424.43M | 455.62M | 445.01M | 444.98M | 408.88M |
Cash Flow | ||||||
| Free Cash Flow | -39.11M | -29.05M | -17.85M | -185.51M | -15.71M | 75.19M |
| Operating Cash Flow | -31.01M | -22.97M | 11.18M | -174.15M | -113.00K | 79.08M |
| Investing Cash Flow | -4.54M | -3.86M | -16.13M | 3.09M | 41.37M | 13.20M |
| Financing Cash Flow | 32.01M | 26.51M | 3.77M | 29.74M | -24.26M | 8.59M |
AerSale Corporation Technical Analysis
Negative
5.61
Price Trends
5.34
Negative
5.80
Negative
6.36
Negative
Market Momentum
-0.22
Positive
27.85
Positive
10.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASLE, the sentiment is Negative. The current price of 5.61 is above the 20-day moving average (MA) of 4.97, above the 50-day MA of 5.34, and below the 200-day MA of 6.36, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 27.85 is Positive, neither overbought nor oversold. The STOCH value of 10.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
52 Neutral | $116.40M | -0.39 | 182.56% | ― | 3.14% | 48.61% | |
50 Neutral | $223.36M | -88.74 | -0.54% | ― | -13.38% | -155.45% | |
46 Neutral | $1.16B | -2.98 | -120.34% | ― | 9.95% | -1057.36% | |
46 Neutral | $115.35M | -1.41 | 7.78% | 2.36% | 16.15% | 32.19% |
* Industrials Sector Average
ASLE
AerSale Corporation
4.57
-3.22
-41.34%
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FLYX
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1.13
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SRFM
Surf Air Mobility, Inc.
0.84
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-80.30%
AerSale Corporation Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
AerSale Redomesticates to Texas, Adjusting Shareholder Rights
Neutral
Sep 25, 2026
At its 2026 Annual Meeting of Stockholders on June 11, 2026, AerSale’s shareholders approved a plan to redomesticate the company from Delaware to Texas, a process that was formally completed on September 25, 2026 through required conversion ...
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.