1. Israel Stocks

  2. •

    Finance

  3. •

    Real estate development
Aspen Group Ltd. (Israel)

Aspen Group Ltd. (Israel)

TTASE:ASGR
627.20
ILA
+12.60
(+2.05%)
238.60EPS
3.80P/E
41.16BMarket Cap
2014 Y
2015 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.12
- -
3.44
3.43
3.37
3.78
3.54
3.04
3.12
3.93
3.46
3.39
3.35
3.26
Basic EPS, GAAP
0.52
- -
0.47
0.62
0.73
1.18
2.32
0.57
1.46
0.56
-1.17
-1.64
0.84
1.68
Free Cash Flow per Basic Share
0.79
- -
0.68
0.98
0.91
0.75
0.95
0.7
-0.58
0.53
-0.45
-0.3
0.87
0.44
Dividend per Share
0.23
- -
0.34
0.2
0.21
0.24
0.26
0.27
0.28
0.37
0.4
0.4
0.3
0.5
Book Value per Share
7.82
- -
7.67
7.61
8.88
9.66
10.59
10.96
11.2
12.1
11.52
8.9
9.47
9.12
Tangible Book Value per Share
7.3
- -
7.19
7.18
8.48
9.29
10.25
10.96
11.2
12.1
11.52
8.9
9.47
9.12
Basic Weighted Avg Shares
56
115
56
56
58
61
60
60
63
64
62
63
63
63
Sales/Revenue/Turnover
175
- -
192
193
195
229
213
182
196
250
215
214
211
206
Operating Margin (%)
62.55
- -
62.53
63.74
57.39
58.81
63.51
67.36
58.77
48.2
58.35
63.12
54.14
52.49
Depreciation Expense
9
- -
11
11
11
11
28
13
5
6
6
5
1
1
Net Income, GAAP
29
- -
26
35
42
72
140
34
92
35
-73
-103
53
106
Effective Tax Rate (%)
31.17
- -
22.46
19
- -
25.07
23.96
- -
19.48
45.83
- -
- -
27.51
18.65
Profit Margin (%)
16.65
- -
13.62
18.13
21.77
31.24
65.48
18.76
46.87
14.14
-33.91
-48.35
25.19
51.69
Working Capital
27
- -
-84
39
-67
-336
432
-74
147
41
-275
-194
-171
59
LT Debt
1,890
- -
1,629
1,600
1,822
1,802
1,650
1,397
2,355
2,703
2,764
1,841
1,912
2,149
Total Equity
483
- -
502
528
703
807
890
858
1,388
1,619
1,557
939
1,008
958
Return on Invested Capital (%)
4.04
- -
- -
4.79
- -
5.68
9.32
- -
7.47
2.28
- -
- -
4.64
5.5
Return on Capital (%)
3.53
- -
- -
3.32
- -
2.93
5.02
- -
2.44
-0.08
- -
- -
2.11
4.34
Return on Common Equity (%)
6.56
- -
- -
7.71
8.47
12.65
22.47
5.19
13.21
4.68
-9.65
-15.97
9.01
18.3

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
563
458
361
LT Borrowings
1,802
1,945
2,040
LT Finance Leases
111
111
109
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
64
64
64
Market Capitalization
495
442
412

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
523
507
533
Cash, Cash Equivalents & STI
377
396
448
Accounts Receivable, Net
17
28
46
Inventories
- -
- -
- -
Total Current Liabilities
694
578
474
Payables & Accruals
- -
- -
- -
ST Debt
563
458
361
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.2%
8.45%
7.35%
Free Cash Flow
-95.48%
-196.1%
-385.7%
Net Income, GAAP
-16.52%
-61.66%
-151.5%
Sales/Revenue/Turnover
1.69%
3.86%
-1.12%
Total Cash Common Dividend
- -
- -
-25%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
52
53
54
55
214
2025
53
53
54
51
211
2026
51
50
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.68
-0.33
-0.61
-1.64
2025
-0.31
0.18
0.14
0.83
0.84
2026
-0.32
1.03
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.1
- -
0.3
0.4
2025
- -
0.1
0.2
- -
0.3
2026
- -
0.3
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Tsofit Looz Harel
Full Time Employees
26
Sector
Finance
Industry
Real estate development
Address
2 Hashlosha Street Tel Aviv TA Israel 4938005
IPO Date
May 22, 1992
Website
aspen.co.il
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Business
Aspen Group Ltd. (ASGR.TA) is an Israel-based holding company primarily engaged in real estate development, construction, and infrastructure projects. The company develops and sells residential, commercial, and industrial properties; constructs infrastructure such as roads, bridges, and public buildings; and provides engineering, planning, and project management services. Its portfolio includes urban renewal projects, student housing developments, and logistics centers, marketed to individual buyers, institutional investors, and government entities primarily in Israel, with select operations in Central and Eastern Europe. Founded in 2010 and headquartered in Petah Tikva, Israel, Aspen Group operates through subsidiaries focused on specific segments including residential construction under the Aspen Residential brand, commercial real estate via Aspen Commercial, and infrastructure through its engineering division. The company targets mid-to-high-end residential markets in major Israeli cities like Tel Aviv, Jerusalem, and Haifa, as well as institutional clients for large-scale developments. In the past two years, Aspen Group has expanded through strategic acquisitions, including a majority stake in a leading urban renewal developer in 2024, enhancing its pipeline of renovation projects. It secured a significant NIS 500 million funding round in late 2024 from institutional investors to fuel new residential launches amid Israel's housing shortage. Additionally, the company announced a partnership with a European infrastructure firm in early 2025 for joint ventures in Romania, marking its latest geographic expansion.