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Aspen Group Ltd. (Israel) (IL:ASGR)
TASE:ASGR
Israel Market
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Aspen Group (ASGR) AI Stock Analysis

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IL:ASGR

Aspen Group

(TASE:ASGR)

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Neutral 56 (OpenAI - Gpt-5.6Sol)
Rating:56Neutral
Price Target:
641.00
▲(5.15% Upside)
Action:Reiterated
Date:09/07/26
The score is driven primarily by mixed financial performance: improved profitability and positive recent cash flow are offset by persistent revenue contraction, cash-flow volatility, and high leverage. Technicals are modestly positive in the short term but still constrained by longer-term moving averages. Valuation is a relative strength, supported by a low P/E and high dividend yield.
Positive Factors
Profitability recovery
The 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 contraction
Persistent 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The 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.
Read all positive factors

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

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...
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...

Aspen Group Financial Statement Overview

Summary
Profitability has improved with net income solidly positive in 2025 and TTM, and operating/free cash flow also positive. However, multi-year revenue decline continues into TTM, free cash flow has been volatile (negative in 2023–2024 and sharply lower in TTM vs 2025), and the balance sheet is heavily leveraged (debt-to-equity ~4x+), elevating financial risk.
Income Statement
58
Neutral
Balance Sheet
34
Negative
Cash Flow
49
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue205.65M211.32M213.71M251.75M282.91M196.21M
Gross Profit149.29M149.08M159.07M197.82M165.80M144.46M
EBITDA310.26M244.12M31.96M-16.02M320.17M309.34M
Net Income106.31M53.22M-103.34M-72.80M35.33M91.96M
Balance Sheet
Total Assets3.65B3.69B3.52B5.27B5.35B4.37B
Cash, Cash Equivalents and Short-Term Investments447.62M470.36M182.63M326.25M447.26M384.12M
Total Debt2.51B2.47B2.43B3.32B3.16B2.59B
Total Liabilities2.69B2.68B2.59B3.72B3.73B2.98B
Stockholders Equity586.57M608.92M572.62M721.31M787.93M722.57M
Cash Flow
Free Cash Flow28.07M54.78M-19.18M-28.15M33.52M-36.59M
Operating Cash Flow28.83M57.95M49.71M45.05M100.77M11.48M
Investing Cash Flow-248.20M37.54M-426.44M-75.34M-583.11M-362.82M
Financing Cash Flow3.85M-70.29M240.33M-83.35M589.68M295.87M

Aspen Group Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price609.60
Price Trends
50DMA
600.06
Positive
100DMA
638.30
Negative
200DMA
662.41
Negative
Market Momentum
MACD
5.97
Negative
RSI
54.45
Neutral
STOCH
41.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ASGR, the sentiment is Neutral. The current price of 609.6 is above the 20-day moving average (MA) of 593.30, above the 50-day MA of 600.06, and below the 200-day MA of 662.41, indicating a neutral trend. The MACD of 5.97 indicates Negative momentum. The RSI at 54.45 is Neutral, neither overbought nor oversold. The STOCH value of 41.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IL:ASGR.

Aspen Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
₪7.76B7.060.76%3.34%44.21%
63
Neutral
₪3.16B11.1137.38%35.54%
60
Neutral
₪742.87M4.016.20%-5.34%361.40%
56
Neutral
₪388.58M3.666.47%-8.18%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
41
Neutral
₪1.57B-9.361.75%5.23%29.88%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IL:ASGR
Aspen Group
612.00
-135.11
-18.08%
IL:ADGR
Adgar Inv.
388.30
-105.54
-21.37%
IL:KARE
Kardan Real Es
528.90
-71.95
-11.97%
IL:AFPR
Afi Properties
18,450.00
-2,940.00
-13.74%
IL:ELCRE
Electra Real E.
2,201.00
-2,930.00
-57.10%
IL:ARGO
Argo Prop.
13,470.00
2,570.00
23.58%
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