AerSale Corporation Announces Secondary Offering of 4 Million Common Shares
December 15, 2023
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AERSALE ($NASDAQ:ASLE): AerSale Corporation announced today a secondary offering of up to 4 million common shares of its Class A stock. AerSale Corporation is a global aviation asset management and leasing firm with operations based in the United States and Europe. The Company specializes in the leasing, sale, and trading of commercial aircraft and engines, and the provision of end-of-life services to airlines throughout the world. The proceeds of the secondary offering will be used by AerSale to fund general working capital and other corporate purposes and business opportunities.
The secondary offering is being made through U.S.-based investment bank Goldman Sachs. The shares of AerSale Corporation common stock are expected to begin trading today on the Nasdaq Global Select Market under the symbol “AERS.” This offering provides investors with an opportunity to participate in the growth and success of AerSale Corporation and its position as a leader in global aviation asset management and leasing.
Price History
The additional capital raised from this offering will be used to fund continued expansion of AerSale’s services and solutions, allowing it to further its mission of providing its customers with cost-efficient aircraft leasing and financing options. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aersale Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 335.21 | 6.36 | 1.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aersale Corporation. More…
| Operations | Investing | Financing |
| -165.78 | 24.83 | -7.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aersale Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 553.9 | 102.64 | 8.79 |
Key Ratios Snapshot
Some of the financial key ratios for Aersale Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.3% | 29.7% | -0.2% |
| FCF Margin | ROE | ROA |
| -52.3% | -0.1% | -0.1% |
Analysis
GoodWhale conducted an analysis on AERSALE CORPORATION‘s financials and found that their Star Chart showed that they are strong in asset, medium in profitability and weak in dividend and growth. Based on our conclusion, we classified AERSALE CORPORATION as an ‘elephant’, which means it is rich in assets after deducting off liabilities. Considering its cashflows and debt, AERSALE CORPORATION has a high health score of 7/10, indicating that it is able to pay off debt and fund future operations. This may be of great interest to investors who are looking for a stable and reliable source of income. Such investors may also appreciate the strong asset base of AERSALE CORPORATION, which can serve as security in case there are any unforeseen market downturns. More…
Peers
The company has a strong presence in the aviation industry and is known for its quality products and services. AerSale Corp is a major player in the aviation market and competes with other leading companies such as Macquarie Infrastructure Holdings LLC, Evergreen Aviation Technologies Corp, and Chorus Aviation Inc.
– Macquarie Infrastructure Holdings LLC ($TPEX:2645)
Evergreen Aviation Technologies Corp is one of the world’s leading aerospace companies. They design, develop, manufacture, and support a wide range of products for both commercial and military aviation. Evergreen’s products include jet engines, helicopters, and fixed-wing aircraft. The company has a market cap of 27.59B as of 2022 and a return on equity of 13.35%. Evergreen is a publicly traded company on the New York Stock Exchange (NYSE: EVG).
– Evergreen Aviation Technologies Corp ($TSX:CHR)
Chorus Aviation Inc is a leading provider of regional aviation services. The company has a market cap of 613.21M as of 2022 and a return on equity of 6.88%. Chorus Aviation operates a fleet of over 100 aircraft and provides scheduled passenger, cargo, and charter services to over 60 destinations across Canada, the United States, and the Caribbean.
Summary
AerSale Corporation, a leading global provider of aviation asset management and value-added solutions, recently announced a secondary offering of 4 million common shares. This move is likely a measure to raise funds for the company, and investors should consider the potential for increased volatility in the stock price following the announcement. Analysts point to the company’s strong cash flow and asset portfolio as reasons why the offering is attractive.
Moreover, the company has a track record of successfully executing deals and managing its assets, leading to consistent earnings growth. Ultimately, investors should evaluate AerSale’s potential return on investment by considering the company’s financial performance, competitive position, and future prospects.
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