AerSale Corp. (ASLE) intrinsic value & 10-year financials

AerSale Corp. (ASLE) has a Graham intrinsic value of $1.28 per share. At $4.76 on Oct 17, 2026, the stock trades 272% above that value. Over the last 9 fiscal years revenue grew 2.1% a year to $335.3M, with an average return on invested capital of 3.9%.

Graham intrinsic value
$1.28
Share price (Oct 17, 2026)
$4.76
Price vs Graham value
272% above
Market cap
$232.1M
Revenue (FY2025)
$335.3M
Revenue growth (9-yr CAGR)
2.1%
ROIC (10-yr avg)
3.9%
Free cash flow (FY2025)
-$29.1M

ASLE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $335.3M $8.6M $0.18 -$29.1M 4.7% 2.4%
FY2024 $345.1M $5.9M $0.11 -$2.9M 2.8% 1.4%
FY2023 $334.5M -$5.6M -$0.15 -$185.5M -3.2% -1.9%
FY2022 $408.5M $43.9M $0.83 -$8.6M 13.5% 13.8%
FY2021 $340.4M $36.1M $0.76 $77.6M 16.6% 14.2%
FY2020 $208.9M $8.5M $0.18 -$14.4M 5.4% 5.6%
FY2019 $304.2M $963.5K -$0.41 -$3.6M -0.5% -8.4%
FY2018 $290.7M $8.9M -$0.53 $58.0M 8.8% —
FY2017 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

AerSale Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

AerSale Corp has historically struggled to out-earn its cost of capital, averaging just 3.9% ROIC.

AerSale Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, AerSale Corp is modeled at -0.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.28 per share.

ASLE stock: frequently asked questions

What is the intrinsic value of AerSale Corp. (ASLE) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -0.1% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, ASLE's intrinsic value is about $1.28 per share.

Is ASLE stock undervalued?

At $4.76 (close on Oct 17, 2026), ASLE trades 272% above its Graham value of $1.28. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does AerSale Corp. generate free cash flow?

AerSale Corp. generated -$29.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 8 reported years.

What is ASLE's return on invested capital?

Average ROIC over the last 9 fiscal years was 3.9%, and average return on equity was 4516.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ASLE data come from?

From AerSale Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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