AerSale (ASLE)
Market Price (2/15/2026): $7.24 | Market Cap: $341.6 MilSector: Industrials | Industry: Airport Services
AerSale (ASLE)
Market Price (2/15/2026): $7.24Market Cap: $341.6 MilSector: IndustrialsIndustry: Airport Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 48% | Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -128% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 107x, P/EPrice/Earnings or Price/(Net Income) is 58x |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Aircraft Aftermarket, and Aviation Asset Management. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.0%, Rev Chg QQuarterly Revenue Change % is -14% | |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.2% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% | ||
| Key risksASLE key risks include [1] revenue volatility from the inconsistent nature of whole asset sales, Show more. |
| Low stock price volatilityVol 12M is 48% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Aircraft Aftermarket, and Aviation Asset Management. |
| Weak multi-year price returns2Y Excs Rtn is -58%, 3Y Excs Rtn is -128% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 107x, P/EPrice/Earnings or Price/(Net Income) is 58x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -7.0%, Rev Chg QQuarterly Revenue Change % is -14% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.2% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksASLE key risks include [1] revenue volatility from the inconsistent nature of whole asset sales, Show more. |
Qualitative Assessment
AI Analysis | Feedback
AerSale (ASLE) stock has remained largely at the same level since 10/31/2025 because of the following key factors:
1. Underwhelming Q3 2025 Earnings and Q1 2025 Revenue Miss. AerSale reported lower-than-expected financial results for Q3 2025, with earnings per share (EPS) of $0.04 significantly missing analyst estimates of $0.10, and revenue of $71.19 million falling short of the $93.86 million consensus. This performance was largely attributed to a lack of whole asset sales during the quarter. Additionally, the company missed Q1 2025 revenue expectations, reporting $65.8 million, a 27.4% year-over-year decrease, and a non-GAAP loss of $0.05 per share. These misses and operational losses likely created downward pressure, preventing significant upward stock movement.
2. Revenue Volatility and Uncertainty in Business Transition to MRO. AerSale's revenue has historically been volatile due to the inconsistent nature of whole asset sales. While the company is strategically shifting its focus towards Maintenance, Repair & Overhaul (MRO) services to achieve more predictable revenue, this transition introduces near-term unpredictability until MRO and parts sales achieve substantial scale. Although new MRO capacity is expected to add $50 million in revenue, with half of that anticipated in 2026, the full benefits have yet to fully materialize in the market, contributing to the stock's sideways movement.
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1. Underwhelming Q3 2025 Earnings and Q1 2025 Revenue Miss. AerSale reported lower-than-expected financial results for Q3 2025, with earnings per share (EPS) of $0.04 significantly missing analyst estimates of $0.10, and revenue of $71.19 million falling short of the $93.86 million consensus. This performance was largely attributed to a lack of whole asset sales during the quarter. Additionally, the company missed Q1 2025 revenue expectations, reporting $65.8 million, a 27.4% year-over-year decrease, and a non-GAAP loss of $0.05 per share. These misses and operational losses likely created downward pressure, preventing significant upward stock movement.
2. Revenue Volatility and Uncertainty in Business Transition to MRO. AerSale's revenue has historically been volatile due to the inconsistent nature of whole asset sales. While the company is strategically shifting its focus towards Maintenance, Repair & Overhaul (MRO) services to achieve more predictable revenue, this transition introduces near-term unpredictability until MRO and parts sales achieve substantial scale. Although new MRO capacity is expected to add $50 million in revenue, with half of that anticipated in 2026, the full benefits have yet to fully materialize in the market, contributing to the stock's sideways movement.
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Stock Movement Drivers
Fundamental Drivers
The -2.4% change in ASLE stock from 10/31/2025 to 2/15/2026 was primarily driven by a -6.6% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.42 | 7.24 | -2.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 351 | 339 | -3.3% |
| Net Income Margin (%) | 1.9% | 1.7% | -6.6% |
| P/E Multiple | 53.5 | 58.1 | 8.6% |
| Shares Outstanding (Mil) | 47 | 47 | -0.6% |
| Cumulative Contribution | -2.4% |
Market Drivers
10/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| ASLE | -2.4% | |
| Market (SPY) | -0.0% | 38.6% |
| Sector (XLI) | 12.3% | 37.8% |
Fundamental Drivers
The 19.9% change in ASLE stock from 7/31/2025 to 2/15/2026 was primarily driven by a 10.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.04 | 7.24 | 19.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 320 | 339 | 5.9% |
| P/S Multiple | 1.0 | 1.0 | 2.1% |
| Shares Outstanding (Mil) | 52 | 47 | 10.9% |
| Cumulative Contribution | 19.9% |
Market Drivers
7/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| ASLE | 19.9% | |
| Market (SPY) | 8.2% | 29.0% |
| Sector (XLI) | 15.1% | 31.4% |
Fundamental Drivers
The 6.9% change in ASLE stock from 1/31/2025 to 2/15/2026 was primarily driven by a 1333.6% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.77 | 7.24 | 6.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 345 | 339 | -1.6% |
| Net Income Margin (%) | 0.1% | 1.7% | 1333.6% |
| P/E Multiple | 863.8 | 58.1 | -93.3% |
| Shares Outstanding (Mil) | 53 | 47 | 12.8% |
| Cumulative Contribution | 6.9% |
Market Drivers
1/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| ASLE | 6.9% | |
| Market (SPY) | 14.3% | 33.2% |
| Sector (XLI) | 27.2% | 35.9% |
Fundamental Drivers
The -61.1% change in ASLE stock from 1/31/2023 to 2/15/2026 was primarily driven by a -83.7% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.61 | 7.24 | -61.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 430 | 339 | -21.2% |
| Net Income Margin (%) | 10.7% | 1.7% | -83.7% |
| P/E Multiple | 21.0 | 58.1 | 176.6% |
| Shares Outstanding (Mil) | 52 | 47 | 9.7% |
| Cumulative Contribution | -61.1% |
Market Drivers
1/31/2023 to 2/15/2026| Return | Correlation | |
|---|---|---|
| ASLE | -61.1% | |
| Market (SPY) | 74.0% | 30.6% |
| Sector (XLI) | 78.5% | 33.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ASLE Return | 32% | -9% | -22% | -50% | 13% | 0% | -47% |
| Peers Return | -19% | -34% | -13% | -43% | -19% | -16% | -82% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| ASLE Win Rate | 50% | 58% | 42% | 25% | 58% | 50% | |
| Peers Win Rate | 36% | 48% | 56% | 31% | 46% | 38% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ASLE Max Drawdown | -28% | -28% | -34% | -64% | -10% | 0% | |
| Peers Max Drawdown | -44% | -41% | -48% | -61% | -51% | -19% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JOBY, UP, ASLE, SOAR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
| Event | ASLE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.0% | -25.4% |
| % Gain to Breakeven | 122.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -19.9% | -33.9% |
| % Gain to Breakeven | 24.9% | 51.3% |
| Time to Breakeven | 270 days | 148 days |
Compare to JOBY, UP, ASLE, SOAR
In The Past
AerSale's stock fell -55.0% during the 2022 Inflation Shock from a high on 11/1/2021. A -55.0% loss requires a 122.1% gain to breakeven.
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About AerSale (ASLE)
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. The TechOps segment provides internal and third-party aviation services, including internally developed engineered solutions, heavy aircraft maintenance and modification, and component MRO, as well as end-of-life disassembly services. This segment also provides aircraft modifications, cargo and tanker conversions of aircraft, and aircraft storage; and MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. The company was founded in 2008 and is headquartered in Coral Gables, Florida.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe AerSale (ASLE):
- AerSale is like a CarMax or Carvana for commercial airplanes and their engines, offering used aircraft, extensive maintenance, and parts sales.
- Think of them as a hybrid of LKQ Corporation (for industrial parts recycling) and a major airline's engineering and maintenance department, but serving many carriers.
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```html- Used Aircraft & Engine Sales: Sale of pre-owned commercial aircraft and engines to airlines, cargo operators, and other aviation companies.
- Aircraft & Engine Leasing: Short-term and long-term lease arrangements for aircraft and engines.
- Used Serviceable Material (USM) Parts Sales: Sale of airframe and engine components derived from disassembled aircraft and engines.
- Maintenance, Repair & Overhaul (MRO) Services: Technical services including repair, overhaul, modification, and inspection of aircraft and engines.
- Aircraft & Engine Asset Management: Providing comprehensive lifecycle management solutions for aircraft and engine assets.
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```htmlAerSale (ASLE) sells primarily to other companies (Business-to-Business, B2B).
While AerSale's 2023 Annual Report (10-K) indicates that one customer accounted for approximately 17% of its consolidated net revenues for the year ended December 31, 2023, the company does not publicly disclose the names of specific major customers in its SEC filings or investor materials.
Therefore, instead of specific names, the following categories represent the types of companies that constitute AerSale's major customer base:
- Commercial Airlines (Passenger & Cargo): These customers include global passenger and cargo carriers that purchase or lease aircraft, engines, and critical parts, and require Maintenance, Repair, and Overhaul (MRO) services for their active fleets.
- Aircraft Leasing Companies: Lessors of aircraft and engines often utilize AerSale's services for asset management, parts supply, and MRO solutions, particularly for assets transitioning between operators or undergoing end-of-life cycle management.
- Maintenance, Repair, and Overhaul (MRO) Facilities & Other Aviation Companies: This category includes other MRO providers who may purchase parts or components from AerSale for their own service operations, as well as other specialized aviation companies requiring specific aircraft parts, engines, or related services.
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Nicolas Finazzo, Chairman & Chief Executive Officer
Nicolas Finazzo co-founded AerSale in 2008 and has served as Chairman and Chief Executive Officer since its inception. He has over 30 years of experience in the aviation industry. Previously, he founded and was President of Southern Express Airways, Inc., a commuter airline, from 1981 to 1987. In 1997, he co-founded AeroTurbine, Inc., a leading aftermarket supplier of aircraft and engine products and MRO service provider, where he served as CEO. AeroTurbine was sold to Cerberus in 2006 and merged into AerCap Holdings. AerSale itself was launched with backing from Leonard Green & Partners, L.P., a prominent private equity firm.
Martin Garmendia, Chief Financial Officer, Treasurer and Secretary
Martin Garmendia has served as Chief Financial Officer of AerSale since 2018. He joined AerSale in 2015 as Vice President & Controller and was promoted to Senior Vice President of Finance & Corporate Controller before becoming CFO. Prior to AerSale, he held various roles at NextEra Energy (including Senior Director of Corporate Accounting for Florida Power & Light and Controller during the IPO of NextEra Energy Partners) from 2006 to 2015, and at Bacardi USA, Inc. from 2003 to 2006.
Gary Jones, Chief Operating Officer and Head of Material Sales
Gary Jones serves as Chief Operating Officer and Head of Material Sales at AerSale, overseeing operations and material sales strategies. He previously served as President of AerSale's Materials Group since 2019. Before joining AerSale in June 2019 through the acquisition of Qwest Air Parts, he founded Qwest Air Parts in 1999, a successful parts trading and dismantling company, which he led for 20 years. He also formed Performance Repair Group and Q2 Aviation, both FAA 145 repair stations.
Paul Hechenberger, Senior Vice President, General Counsel & Corporate Secretary
Paul Hechenberger joined AerSale in August 2025 as Senior Vice President, General Counsel & Corporate Secretary. He has over 40 years of legal, leadership, and aerospace experience, with a focus on commercial transactions and corporate governance/compliance. His previous roles include Partner with Shutts & Bowen, General Counsel at iAero Group, Deputy General Counsel at Spirit AeroSystems, General Counsel and Chief M&A Counsel at BBA Aviation (Aftermarket Services), and Corporate Counsel at Tyco Fire & Security.
Craig Wright, Senior Vice President & Head of Asset Management
Craig Wright serves as Senior Vice President & Head of Asset Management, overseeing AerSale's asset management strategy. He has over 20 years of experience in technical data and financial analysis, including 15 years in commercial aircraft leasing and portfolio management. He joined AerSale in 2010. Prior to AerSale, he was Vice President of Fleet for Macquarie AirFinance and Director of Corporate Finance for GATX Capital Corp.
AI Analysis | Feedback
AerSale (ASLE) faces several key risks to its business operations and financial performance. The most significant risk stems from the **volatility in revenue and profitability due to the inconsistent nature of whole asset sales**. AerSale's business model, particularly its Asset Management Solutions segment, involves the sale of whole aircraft and engines, which can lead to substantial quarter-to-quarter and year-to-year fluctuations in revenue and operating income. The company's management has acknowledged this volatility and is aiming to prioritize more stable income streams, such as leasing and Used Serviceable Material (USM) sales. This historical lack of consistency in topline growth is a major concern for investors. A second prominent risk is the **large sums of cash tied to inventory and the implications of increased financial leverage and debt servicing**. AerSale's strategy of acquiring flight equipment for its Asset Management Solutions segment requires significant capital investment, leading to a substantial inventory buildup. As of the previous report, inventory amounted to $257 million, a threefold increase compared to 2020. This large amount of cash held in inventory can affect the company's ability to generate adequate free cash flow for debt servicing. The company has also raised its financial leverage over the past two years, incurring significant interest costs that impact overall profitability. Finally, **ongoing difficulties and supply chain constraints in the Used Serviceable Material (USM) market** present a key risk. Persistent supply chain issues in the aerospace industry are limiting the production of new aircraft, which consequently means fewer older planes are being retired. This dynamic creates a scarcity of used parts, a core component of AerSale's business model. This squeeze on the availability of USM can impact the company's ability to source feedstock and may lead to higher pricing for used assets, potentially affecting margins.AI Analysis | Feedback
Accelerated obsolescence of mid-life aircraft and engines driven by escalating global decarbonization mandates and stricter environmental regulations. This trend exerts pressure on airlines to modernize fleets with newer, more fuel-efficient aircraft, potentially shortening the economic life and reducing the residual value of the older assets that comprise AerSale's core business model. Evidence includes increasing ESG pressures on airlines, tightening regulatory frameworks like the EU's ReFuelEU Aviation and CORSIA, and the rapid development of next-generation aircraft technologies by OEMs.
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AerSale (ASLE) operates within several addressable markets related to the aviation aftermarket. The market sizes for their main products and services on a global basis are as follows:
- Aircraft and Engine Leasing: The global aircraft leasing market size was valued at approximately USD 197.88 billion in 2025 and is projected to reach around USD 397.21 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 8.05% from 2025 to 2034. The global aircraft engine leasing market size reached USD 9.79 billion in 2022 and is expected to grow with a CAGR of 4.81% in the forecast period.
- Used Serviceable Material (USM) Sales / Aircraft Aftermarket Parts: The global aircraft aftermarket parts market was valued at USD 49.3 billion in 2024 and is expected to grow to USD 108.8 billion by 2034, exhibiting a CAGR of 8.3% during the forecast period of 2025–2034. More specifically, the global Used Serviceable Material (USM) market was valued at USD 7.64 billion in 2025 and is expected to reach USD 10.86 billion by 2033, growing at a CAGR of 4.51% over the forecast period of 2026-2033. Another source states the global air transport USM market size was estimated at USD 7.53 billion in 2024 and is predicted to increase to approximately USD 11.58 billion by 2034.
- Maintenance, Repair, and Overhaul (MRO) Services: The global aircraft MRO market size was estimated at USD 90.85 billion in 2024 and is projected to reach USD 120.96 billion by 2030, growing at a CAGR of 4.75% from 2025 to 2030. The global aircraft engine MRO market size was valued at USD 37.56 billion in 2022 and is projected to grow to USD 59.01 billion by 2030.
- Aircraft Storage, Disassembly, and Recycling: The global commercial aircraft disassembly, dismantling, and recycling market size was valued at USD 6.74 billion in 2022 and is projected to grow from USD 8.07 billion in 2023 to USD 14.72 billion by 2033, exhibiting a CAGR of 6.20%. The global aircraft disassembly and demolition market grew from USD 8.58 billion in 2024 to USD 9.19 billion in 2025 and is projected to reach USD 13.18 billion by 2030, expanding at a CAGR of 7.41%.
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AerSale (ASLE) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:
- Expansion of Lease Pool and Aircraft Leasing: AerSale is strategically focused on expanding its lease pool, particularly with 757 freighters, to generate more stable and recurring revenue. The company has explicitly stated its decision to balance whole asset transactions with assets deployed on lease, which aligns with its historical operating model. Strong customer interest in leasing, especially for 757 freighter conversions, is expected to be a significant driver.
- Growth in Maintenance, Repair, and Overhaul (MRO) Services: AerSale is actively expanding its MRO capabilities and capacity, with new heavy MRO facilities coming online and expansion projects at its aerostructures and pneumatics facilities being completed. These investments are expected to be a significant driver of revenue growth in 2026 and beyond, with management anticipating $25 million in revenue from new MRO facilities by 2026. Increased volume at MRO facilities and strong commercial MRO demand are consistently highlighted.
- Strong Demand and Monetization of Used Serviceable Material (USM): The company continues to experience robust demand for Used Serviceable Material (USM). AerSale's strategy involves deploying capital to cost-effective feedstock and monetizing its USM inventory, which has already reflected in stronger USM volumes. The strong inventory position supports the USM business, contributing to future revenue.
- Strategic Feedstock Acquisitions: AerSale emphasizes that monitoring its progress based on asset purchases and sales over the long term is a more appropriate measure of its growth. The company has been actively investing in feedstock acquisitions, which directly facilitates whole asset sales and increased USM volume. A disciplined inventory acquisition strategy focused on hitting target margins and IRR profiles is in place.
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- Share Repurchases
- AerSale entered into a definitive agreement to repurchase approximately 6.428 million shares of stock from its long-term private equity sponsor, Leonard Green & Partners, L.P., for $45 million at $7.00 per share. This transaction was expected to close around March 18, 2025, and reduce the outstanding share count by approximately 12%.
- In 2022, the company purchased $22.204 million of treasury stock.
- Share Issuance
- Proceeds from the issuance of Employee Stock Purchase Plan shares were $538,000 in 2022, $566,000 in 2023, $531,000 in 2024, and $195,000 as of the second quarter of 2025.
- The company received $9,282,000 in proceeds from the exercise of warrants in 2022.
- In 2022, 47,867 shares of common stock were issued from the cashless exercise of 126,166 private warrants at an exercise price of $11.50 per share.
- Inbound Investments
- On June 30, 2023, AerSale entered into the Synovus Equipment Loan with a total advance commitment of $10.0 million for the purpose of financing capital expenditures on property and equipment.
- Capital Expenditures
- Capital expenditures for the purchase of property and equipment were $2.137 million in 2020, $8.462 million in 2022, $1.508 million in 2023, $4.814 million in 2023, $7.190 million as of Q2 2024, and $3.587 million as of Q2 2025.
- Acquisition of aircraft and engines held for lease, including capitalized cost, amounted to $5.128 million in 2020, $2.383 million in 2022, $7.133 million in 2023, $5.610 million as of Q2 2024, and $1.922 million as of Q2 2025.
- The primary focus of capital expenditures is acquiring Flight Equipment (aircraft and engines) as feedstock for its Asset Management Solutions segment and investing in new Engineered Solutions and the expansion and profitability of its MRO operations within the TechOps segment.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| AerSale Earnings Notes | 12/16/2025 | |
| Can AerSale Stock Hold Up When Markets Turn? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 3.95 |
| Mkt Cap | 0.4 |
| Rev LTM | 199 |
| Op Inc LTM | -137 |
| FCF LTM | -152 |
| FCF 3Y Avg | -363 |
| CFO LTM | -59 |
| CFO 3Y Avg | -278 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.8% |
| Rev Chg 3Y Avg | -13.0% |
| Rev Chg Q | -9.1% |
| QoQ Delta Rev Chg LTM | -2.2% |
| Op Mgn LTM | -20.2% |
| Op Mgn 3Y Avg | -18.5% |
| QoQ Delta Op Mgn LTM | -1.5% |
| CFO/Rev LTM | -14.9% |
| CFO/Rev 3Y Avg | -21.6% |
| FCF/Rev LTM | -26.6% |
| FCF/Rev 3Y Avg | -29.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.4 |
| P/S | 0.8 |
| P/EBIT | -1.1 |
| P/E | -0.6 |
| P/CFO | -2.2 |
| Total Yield | -5.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -15.8% |
| D/E | 0.7 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -31.7% |
| 3M Rtn | -34.9% |
| 6M Rtn | -51.8% |
| 12M Rtn | -24.3% |
| 3Y Rtn | -78.4% |
| 1M Excs Rtn | -34.7% |
| 3M Excs Rtn | -42.0% |
| 6M Excs Rtn | -53.8% |
| 12M Excs Rtn | -38.8% |
| 3Y Excs Rtn | -144.6% |
Price Behavior
Price Behavior
| Market Price | $7.24 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 02/28/2019 | |
| Distance from 52W High | -19.6% | |
| 50 Days | 200 Days | |
| DMA Price | $7.24 | $7.07 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -0.1% | 2.5% |
| 3M | 1YR | |
| Volatility | 26.4% | 48.2% |
| Downside Capture | 100.10 | 88.00 |
| Upside Capture | 202.20 | 82.98 |
| Correlation (SPY) | 52.9% | 33.6% |
ASLE Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.11 | 1.62 | 1.15 | 1.24 | 0.81 | 1.00 |
| Up Beta | 3.16 | 1.85 | 2.57 | 2.70 | 0.58 | 0.72 |
| Down Beta | 1.46 | 1.10 | 0.86 | 1.74 | 1.14 | 1.20 |
| Up Capture | 267% | 287% | 86% | 80% | 71% | 52% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 22 | 30 | 62 | 121 | 373 |
| Down Capture | 212% | 112% | 90% | 33% | 88% | 108% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 17 | 28 | 60 | 122 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASLE | |
|---|---|---|---|---|
| ASLE | 3.2% | 48.2% | 0.21 | - |
| Sector ETF (XLI) | 27.9% | 19.2% | 1.15 | 36.0% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 33.1% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | -0.6% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 8.1% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 22.3% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 14.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASLE | |
|---|---|---|---|---|
| ASLE | -13.3% | 49.4% | -0.10 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.74 | 33.8% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 33.9% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 6.2% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 11.5% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 23.6% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 14.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ASLE | |
|---|---|---|---|---|
| ASLE | -2.7% | 46.6% | 0.08 | - |
| Sector ETF (XLI) | 15.3% | 19.8% | 0.68 | 20.7% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 23.3% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 5.6% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 8.0% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 14.7% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 14.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -12.1% | -15.0% | -3.9% |
| 8/6/2025 | 23.2% | 42.5% | 38.5% |
| 3/6/2025 | 16.5% | 15.1% | -4.0% |
| 11/7/2024 | -6.8% | 0.2% | 2.4% |
| 8/7/2024 | -6.3% | -10.1% | -11.7% |
| 3/7/2024 | -25.9% | -23.1% | -24.5% |
| 11/8/2023 | -12.7% | -7.4% | -3.1% |
| 8/8/2023 | -25.1% | -21.5% | 6.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 7 | 7 |
| # Negative | 9 | 8 | 8 |
| Median Positive | 8.2% | 14.5% | 12.1% |
| Median Negative | -12.7% | -18.3% | -14.2% |
| Max Positive | 23.2% | 42.5% | 38.5% |
| Max Negative | -25.9% | -23.1% | -24.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/08/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/15/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Finazzo, Nicolas | See Remarks | daughter | Buy | 11252025 | 5.99 | 6,352 | 38,048 | 267,268 | Form |
| 2 | Tschirhart, Benjamin Thomas | See Remarks | Direct | Sell | 11252025 | 8.40 | 960 | 8,063 | 289,978 | Form |
| 3 | Finazzo, Nicolas | See Remarks | daughter | Buy | 11212025 | 5.99 | 1,560 | 9,351 | 219,144 | Form |
| 4 | Finazzo, Nicolas | See Remarks | daughter | Buy | 11212025 | 5.99 | 1,707 | 10,229 | 229,307 | Form |
| 5 | Fedder, Judith Ann | Direct | Buy | 8142025 | 8.51 | 2,100 | 17,870 | 520,563 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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