AerSale Corporation (ASLE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+114.3%

$10.42

vs $4.86 price

Levered DCF

-$22.88

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

1.62

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	39.5×	57.27×	-84.67×	19.08×	21.12×	63.86×	28.28×	0.04×
P/B	0.79×	0.73×	1.46×	1.88×	1.87×	1.49×	1.51×	14,593.54×
P/S	1×	0.97×	1.95×	2.05×	2.25×	2.5×	1.46×	1.23×
EV / EBITDA	12.28×	13.55×	226.84×	10.79×	10.3×	14.5×	8.13×	6.47×
Gross margin	31.5%	30.1%	27.6%	37.1%	35.1%	25.3%	28.0%	24.8%
Operating margin	4.7%	2.8%	-3.2%	13.5%	16.6%	5.4%	7.3%	8.8%
Net margin	2.6%	1.7%	-1.7%	10.7%	10.6%	3.9%	5.1%	3.0%
Current ratio	3.71×	3.79×	5.79×	6.31×	4×	5.65×	3.44×	0.1×
Debt / equity	0.34×	0.17×	0.15×	0.07×	0×	0×	0.01×	6.11×
Interest coverage	1.9×	1.71×	0×	0×	57.82×	6.86×	7.34×	10.74×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.0%	1.3%	-1.3%	9.9%	8.8%	2.3%	5.3%	36063.4%
Return on invested capital	2.2%	1.4%	-1.5%	8.6%	10.2%	2.6%	5.7%	14612.2%
Return on assets	1.3%	1.0%	-1.0%	8.3%	7.4%	2.1%	4.5%	2120.5%
Free cash flow yield	-8.7%	-5.3%	-28.5%	-1.9%	9.8%	-3.7%	5.7%	12.8%
Earnings yield	2.6%	1.7%	-0.9%	5.2%	4.7%	1.5%	3.5%	2.5%
Enterprise value	$476M	$405.9M	$712.1M	$722M	$636.1M	$494M	$428.7M	$358.4M
Net debt / EBITDA	3.62×	2.38×	19.32×	-1.71×	-2.11×	-0.86×	-0.27×	0×
Cash conversion cycle (days)	341	327	259	162	134	249	130	128