Aspen Group (ASGR) AI Stock Analysis

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Aspen Group

(TASE:ASGR)

Select Model

Rating:58Neutral

Price Target:ILA 647.00▲(6.38% Upside)

Action:reiterated

Date:09/07/26

The overall score of 58 reflects a high-risk, high-potential-reward profile. The most significant positive factor is the compelling valuation, with a very low P/E ratio and a high dividend yield. This is supported by a strong recovery in profitability. However, these strengths are severely counterbalanced by a highly leveraged and risky balance sheet, which is the primary drag on the score. The technical picture is mixed, showing short-term improvement within a longer-term downtrend, adding a note of caution.

Positive Factors

Profitability recoveryThe return to solid profitability after loss-making years shows improved earnings performance and gives the company a stronger operating base. If maintained, positive earnings can support investment in programs and student services while improving resilience over the next several quarters.

Negative Factors

Persistent revenue contractionPersistent revenue contraction is a fundamental concern because it indicates that the recent earnings improvement is occurring without renewed top-line growth. Continued declines could reduce operating scale, constrain investment in education services, and weaken the durability of future profitability.

Aspen Group (ASGR) vs. iShares MSCI Israel ETF (EIS)

Market Cap: ILS 383.97M
Dividend Yield: 6.51%
Average Volume (3M): 5,773
Price to Earnings (P/E): 3.6
Beta (1Y): 0.56
Revenue Growth: -8.18%
EPS Growth: ―
Country: Israel
Employees: 26
Sector: General
Sector Strength: 55
Industry: Real Estate - Services

Aspen Group Business Overview & Revenue Model

Company Description

Aspen Group Ltd. is a real estate enterprise focused on the acquisition, ownership, oversight, and leasing of properties across Israel, Germany, the Netherlands, and Switzerland. Its diverse portfolio encompasses various types of assets, including co...

How the Company Makes Money

Aspen Group makes money primarily by charging tuition and related education fees to students enrolled in its academic programs. The company’s core revenue streams generally consist of (1) tuition revenue recognized over the period students receive in...

Aspen Group Financial Statement Overview

Summary

Financial performance is a tale of two extremes. Profitability has staged a remarkable recovery, with net income surging and TTM EBITDA margins exceeding 100% due to non-cash gains. However, this is overshadowed by a highly leveraged balance sheet (debt-to-equity >4.0x) and volatile, declining free cash flow that is insufficient to comfortably service the massive debt burden. The overall financial health is precarious despite strong accounting profits.

Income Statement

72Positive

Balance Sheet

35Negative

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	205.65M	211.32M	213.71M	251.75M	282.91M	196.21M
Gross Profit	149.29M	149.08M	159.07M	197.82M	165.80M	144.46M
EBITDA	310.26M	244.07M	31.96M	-16.02M	320.17M	309.34M
Net Income	106.31M	53.22M	-103.34M	-72.80M	35.33M	91.96M
Balance Sheet
Total Assets	3.65B	3.69B	3.52B	5.27B	5.35B	4.37B
Cash, Cash Equivalents and Short-Term Investments	447.62M	470.36M	182.63M	326.25M	447.26M	384.12M
Total Debt	2.51B	2.47B	2.43B	3.32B	3.16B	2.59B
Total Liabilities	2.69B	2.68B	2.59B	3.72B	3.73B	2.98B
Stockholders Equity	586.57M	608.92M	572.62M	721.31M	787.93M	722.57M
Cash Flow
Free Cash Flow	28.07M	54.78M	-19.18M	-28.15M	33.52M	-36.59M
Operating Cash Flow	28.83M	57.95M	49.71M	45.05M	100.77M	11.48M
Investing Cash Flow	-248.20M	37.54M	-426.44M	-75.34M	-583.11M	-362.82M
Financing Cash Flow	3.85M	-70.29M	240.33M	-83.35M	589.68M	295.87M

Aspen Group Technical Analysis

Technical Analysis SentimentNegative

Last Price608.20

Price Trends

50DMA605.26Positive

100DMA607.63Positive

200DMA653.66Negative

Market Momentum

MACD3.13Positive

RSI47.24Neutral

STOCH22.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ASGR, the sentiment is Negative. The current price of 608.20 is below the 20-day moving average (MA) of 616.02, above the 50-day MA of 605.26, and below the 200-day MA of 653.66, indicating a neutral trend. The MACD of 3.13 indicates Positive momentum. The RSI at 47.24 is Neutral, neither overbought nor oversold. The STOCH value of 22.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ASGR.

Aspen Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IL:ASGR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IL:ARGO	63Neutral	ILS 3.02B	10.19	―	―	37.38%	35.54%
IL:AFPR	62Neutral	ILS 7.49B	6.74	―	―	3.34%	44.21%
IL:ADGR	60Neutral	ILS 670.13M	3.62	―	6.79%	-5.34%	361.40%
IL:ASGR	58Neutral	ILS 383.97M	3.62	―	6.51%	-8.18%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IL:ELCRE	38Underperform	ILS 1.28B	-6.04	―	―	5.23%	29.87%

* General Sector Average

Performance Comparison

IL:ASGR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IL:ASGR	Aspen Group Ltd. (Israel)	608.20	-26.83	-4.23%
IL:ADGR	Adgar Investment & Development Ltd.	354.70	-122.51	-25.67%
IL:KARE	Kardan Real Estate Enterprise & Development Ltd.	450.40	-234.12	-34.20%
IL:AFPR	AFI Properties Ltd	17900.00	-4190.00	-18.97%
IL:ELCRE	Electra Real Estate Ltd.	1536.00	-3102.89	-66.89%
IL:ARGO	Argo Properties NV	12820.00	770.00	6.39%

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.

Date of analysis: Sep 07, 2026

Aspen Group AI Stock Analysis