NasdaqGM:ASPU

Stock Analysis Report

Executive Summary

Aspen Group, Inc. provides online higher education services in the United States.

Snowflake

Fundamentals

Adequate balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Aspen Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

9.5%

NasdaqGM:ASPU

0.6%

US Consumer Services

-1.0%

US Market


1 Year Return

-40.6%

NasdaqGM:ASPU

9.5%

US Consumer Services

-0.4%

US Market

ASPU underperformed the Consumer Services industry which returned 5.5% over the past year.

ASPU underperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

ASPUIndustryMarket
7 Day9.5%0.6%-1.0%
30 Day-2.9%0.7%-3.3%
90 Day5.8%7.5%0.4%
1 Year-40.6%-40.6%13.4%9.5%1.8%-0.4%
3 Year143.1%143.1%113.4%101.3%39.4%30.4%
5 Year128.6%128.6%137.1%113.0%54.2%37.1%

Price Volatility Vs. Market

How volatile is Aspen Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aspen Group undervalued based on future cash flows and its price relative to the stock market?

3.09x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Aspen Group to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Aspen Group to establish if it is available at substantial discount.


Price Based on Earnings

Aspen Group is loss making, we can't compare its value to the US Consumer Services industry average.

Aspen Group is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Aspen Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Aspen Group is overvalued based on assets compared to the US Consumer Services industry average.


Next Steps

Future Growth

How is Aspen Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

68.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Aspen Group's revenue is expected to grow by 20% yearly, however this is not considered high growth (20% yearly).

Aspen Group is not considered high growth as it is expected to be loss making for the next 1-3 years.

Aspen Group's revenue growth is expected to exceed the United States of America market average.

Unable to compare Aspen Group's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Aspen Group's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Aspen Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Aspen Group performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Aspen Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Aspen Group's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Aspen Group's 1-year growth to the US Consumer Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Aspen Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Aspen Group has efficiently used its assets last year compared to the US Consumer Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Aspen Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Aspen Group's financial position?


Financial Position Analysis

Aspen Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Aspen Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Aspen Group's level of debt (36.6%) compared to net worth is satisfactory (less than 40%).

Aspen Group had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.2x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Aspen Group has less than a year of cash runway based on current free cash flow.

Aspen Group has less than a year of cash runway if free cash flow continues to grow at historical rates of 61.4% each year.


Next Steps

Dividend

What is Aspen Group's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Aspen Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Aspen Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Aspen Group has not reported any payouts.

Unable to verify if Aspen Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Aspen Group has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Aspen Group's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Mike Mathews (57yo)

7.4yrs

Tenure

US$636,992

Compensation

Mr. Michael D. Mathews, also known as Mike, has been the Chief Executive Officer at Aspen Group, Inc. since March 2012. Mr. Mathews has been the Chief Executive Officer of Aspen University Inc., the subsid ...


CEO Compensation Analysis

Mike's remuneration is higher than average for companies of similar size in United States of America.

Mike's compensation has increased whilst company is loss making.


Management Age and Tenure

3.8yrs

Average Tenure

58.5yo

Average Age

The tenure for the Aspen Group management team is about average.


Board Age and Tenure

4.0yrs

Average Tenure

60yo

Average Age

The tenure for the Aspen Group board of directors is about average.


Insider Trading

More shares have been bought than sold by Aspen Group individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$9,44017 Jul 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares2,000
Max PriceUS$4.72
BuyUS$2,35015 Jul 19
Joseph Sevely
EntityIndividual
Role
CFO & Chief Accounting Officer
Shares500
Max PriceUS$4.70
BuyUS$24,98612 Jul 19
Michael Mathews
EntityIndividual
Role
Chairman of the Board & CEO
Chairman of the Board
Shares5,330
Max PriceUS$4.80
BuyUS$5,30205 Apr 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares1,100
Max PriceUS$4.82
BuyUS$10,27004 Apr 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares2,100
Max PriceUS$4.89
BuyUS$27,69014 Mar 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares5,600
Max PriceUS$4.94
BuyUS$36,63113 Mar 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares7,000
Max PriceUS$5.25
SellUS$25,78116 Jan 19
Verition Fund Management LLC
EntityCompany
Shares5,100
Max PriceUS$5.06
BuyUS$9,75015 Jan 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares2,000
Max PriceUS$4.95
BuyUS$6,57911 Jan 19
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares1,321
Max PriceUS$4.99
BuyUS$2,55010 Jan 19
Joseph Sevely
EntityIndividual
Role
CFO & Chief Accounting Officer
Shares500
Max PriceUS$5.10
BuyUS$9,71027 Dec 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares2,000
Max PriceUS$4.86
BuyUS$20,40622 Dec 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares4,091
Max PriceUS$4.99
BuyUS$29,99413 Dec 18
Andrew Kaplan
EntityIndividual
Role
Member of the Board of Directors
Shares5,385
Max PriceUS$5.57
BuyUS$1,96312 Oct 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares302
Max PriceUS$6.50
BuyUS$32,35309 Oct 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares4,909
Max PriceUS$6.61
BuyUS$4,14219 Sep 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares594
Max PriceUS$6.97
BuyUS$18,33914 Sep 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares2,584
Max PriceUS$7.13
BuyUS$20,60512 Sep 18
Malcolm MacLean
EntityIndividual
Role
Member of the Board of Directors
Shares2,907
Max PriceUS$7.09

Ownership Breakdown


Management Team

  • Joseph Sevely (60yo)

    CFO & Chief Accounting Officer

    • Tenure: 0.9yrs
  • Anne McNamara

    Chief Nursing Officer

  • Mike Mathews (57yo)

    Chairman of the Board & CEO

    • Tenure: 7.4yrs
    • Compensation: $636.99k
  • Cheri St. Arnauld (62yo)

    Chief Academic Officer

    • Tenure: 2.2yrs
    • Compensation: $478.20k
  • Gerard Wendolowski (34yo)

    Chief Operating Officer

    • Tenure: 5.4yrs
    • Compensation: $607.50k

Board Members

  • Frank Cotroneo (60yo)

    Director

    • Tenure: 0.7yrs
  • C. Jensen (78yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: $81.90k
  • Andy Kaplan (53yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: $81.90k
  • Sanford Rich (61yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: $81.90k
  • Malcolm MacLean (50yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: $23.40k
  • Mike Mathews (57yo)

    Chairman of the Board & CEO

    • Compensation: $636.99k
  • Norm Dicks (78yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: $35.10k

Company Information

Aspen Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aspen Group, Inc.
  • Ticker: ASPU
  • Exchange: NasdaqGM
  • Founded: 1987
  • Industry: education services
  • Sector: consumer services
  • Market Cap: US$81.869m
  • Shares outstanding: 18.65m
  • Website: Click here

Number of Employees


Location

  • Aspen Group, Inc.
  • 276 Fifth Avenue
  • Suite 505
  • New York
  • New York
  • 10001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASPUNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 2012

Biography

Aspen Group, Inc. provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor’s, master’s, and doctoral degree programs in a range of ar ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 00:14
End of Day Share Price2019/08/16 00:00
Earnings2019/04/30
Annual Earnings2019/04/30


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.