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ASLE

AerSale NasdaqCM:ASLE Stock Report

Last Price

US$20.10

Market Cap

US$1.0b

7D

11.5%

1Y

51.9%

Updated

10 Aug, 2022

Data

Company Financials +
ASLE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

ASLE Stock Overview

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 overhaul (MRO) service providers worldwide.

AerSale Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AerSale
Historical stock prices
Current Share PriceUS$20.10
52 Week HighUS$24.20
52 Week LowUS$12.55
Beta0.50
1 Month Change25.78%
3 Month Change50.45%
1 Year Change51.93%
3 Year Change101.00%
5 Year Changen/a
Change since IPO107.65%

Recent News & Updates

Aug 08

AerSale Non-GAAP EPS of $0.56 beats by $0.38, revenue of $139.6M beats by $28.6M

AerSale press release (NASDAQ:ASLE): Q2 Non-GAAP EPS of $0.56 beats by $0.38. Revenue of $139.6M (+51.9% Y/Y) beats by $28.6M. Reaffirms 2022 guidance: expects revenue in the range of $420 - $450 million ($435.9M consensus) and adjusted EBITDA in the range of $80 - $90 million

Aug 02
Investors Will Want AerSale's (NASDAQ:ASLE) Growth In ROCE To Persist

Investors Will Want AerSale's (NASDAQ:ASLE) Growth In ROCE To Persist

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...

Jul 18

Elbit Systems subsidiary Universal Avionics nabs $33M contract for supplying EFVS for Boeing

Elbit Systems' (NASDAQ:ESLT) subsidiary, Universal Avionics Systems received a contract worth ~$33M from AerSale (NASDAQ:ASLE) to supply Enhanced Flight Vision Systems (EFVS) for Boeing 737NG aircraft. The contract will be executed through 2023. Under the contract, Universal Avionics will supply the ClearVision EFVS systems featuring the SkyLens 360-degree field of view Head Wearable Display and the EVS-5000 cameras. "We see a renewed demand in the commercial aviation market for innovative yet certified vision capabilities that enable efficient and safe flights during degraded visibility situations," General Manager of Elbit Systems Aerospace commented.

Shareholder Returns

ASLEUS Aerospace & DefenseUS Market
7D11.5%-1.0%0.3%
1Y51.9%5.0%-13.5%

Return vs Industry: ASLE exceeded the US Aerospace & Defense industry which returned 5% over the past year.

Return vs Market: ASLE exceeded the US Market which returned -13.5% over the past year.

Price Volatility

Is ASLE's price volatile compared to industry and market?
ASLE volatility
ASLE Average Weekly Movement6.3%
Aerospace & Defense Industry Average Movement6.9%
Market Average Movement7.9%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: ASLE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ASLE's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008509Nick Finazzohttps://www.aersale.com

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 overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps). The Asset Management Solutions segment engages in the sale and lease of aircraft, engines, and airframes, as well as disassembly of these assets for component parts.

AerSale Fundamentals Summary

How do AerSale's earnings and revenue compare to its market cap?
ASLE fundamental statistics
Market CapUS$1.03b
Earnings (TTM)US$53.23m
Revenue (TTM)US$452.50m

19.5x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASLE income statement (TTM)
RevenueUS$452.50m
Cost of RevenueUS$281.99m
Gross ProfitUS$170.50m
Other ExpensesUS$117.27m
EarningsUS$53.23m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.03
Gross Margin37.68%
Net Profit Margin11.76%
Debt/Equity Ratio0.0%

How did ASLE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ASLE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASLE?

Other financial metrics that can be useful for relative valuation.

ASLE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA9.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASLE's PE Ratio compare to its peers?

ASLE PE Ratio vs Peers
The above table shows the PE ratio for ASLE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.8x
VVX V2X
77.9xn/aUS$907.3m
KAMN Kaman
28x22.4%US$894.6m
AIR AAR
20.9x21.3%US$1.6b
DCO Ducommun
4.4x-34.0%US$582.7m
ASLE AerSale
19.5xn/aUS$1.0b

Price-To-Earnings vs Peers: ASLE is good value based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (32.8x).


Price to Earnings Ratio vs Industry

How does ASLE's PE Ratio compare vs other companies in the US Aerospace & Defense Industry?

Price-To-Earnings vs Industry: ASLE is good value based on its Price-To-Earnings Ratio (19.5x) compared to the US Aerospace & Defense industry average (21.3x)


Price to Earnings Ratio vs Fair Ratio

What is ASLE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASLE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASLE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ASLE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASLE ($20.1) is trading below our estimate of fair value ($69.38)

Significantly Below Fair Value: ASLE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is AerSale forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.6%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AerSale has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether AerSale is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has AerSale performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


86.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASLE has high quality earnings.

Growing Profit Margin: ASLE's current net profit margins (11.8%) are higher than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: ASLE's earnings have grown significantly by 86.2% per year over the past 5 years.

Accelerating Growth: ASLE's earnings growth over the past year (150%) exceeds its 5-year average (86.2% per year).

Earnings vs Industry: ASLE earnings growth over the past year (150%) exceeded the Aerospace & Defense industry 27.7%.


Return on Equity

High ROE: ASLE's Return on Equity (11.6%) is considered low.


Discover strong past performing companies

Financial Health

How is AerSale's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASLE's short term assets ($339.7M) exceed its short term liabilities ($50.2M).

Long Term Liabilities: ASLE's short term assets ($339.7M) exceed its long term liabilities ($7.0M).


Debt to Equity History and Analysis

Debt Level: ASLE is debt free.

Reducing Debt: ASLE had no debt 5 years ago.

Debt Coverage: ASLE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ASLE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is AerSale current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASLE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ASLE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASLE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ASLE has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Nick Finazzo (65 yo)

2.67yrs

Tenure

US$1,347,549

Compensation

Mr. Nicolas Finazzo, also known as Nick, Co-Founded AerSale Corporation in 2008 and has been its Chairman, Chief Executive Officer and Division President of TechOps since December 2019 and served as its Ch...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD1.35M) is below average for companies of similar size in the US market ($USD3.93M).

Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ASLE's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: ASLE's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.4%.


Top Shareholders

Company Information

AerSale Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: AerSale Corporation
  • Ticker: ASLE
  • Exchange: NasdaqCM
  • Founded: 2008
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Implied Market Cap: US$1.035b
  • Shares outstanding: 51.73m
  • Website: https://www.aersale.com

Number of Employees


Location

  • AerSale Corporation
  • 255 Alhambra Circle
  • Suite 435
  • Coral Gables
  • Florida
  • 33134
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.