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AIRGAIN INC (AIRG) Stock Fundamental Analysis

NASDAQ:AIRG - Nasdaq - US00938A1043 - Common Stock - Currency: USD

4.17  +0.13 (+3.22%)

Fundamental Rating

3

Taking everything into account, AIRG scores 3 out of 10 in our fundamental rating. AIRG was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. AIRG scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, AIRG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year AIRG has reported negative net income.
In the past year AIRG has reported a negative cash flow from operations.
In the past 5 years AIRG always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: AIRG reported negative operating cash flow in multiple years.
AIRG Yearly Net Income VS EBIT VS OCF VS FCFAIRG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5M -10M

1.2 Ratios

The Return On Assets of AIRG (-16.87%) is worse than 68.80% of its industry peers.
Looking at the Return On Equity, with a value of -25.65%, AIRG is doing worse than 68.00% of the companies in the same industry.
Industry RankSector Rank
ROA -16.87%
ROE -25.65%
ROIC N/A
ROA(3y)-21.09%
ROA(5y)-16.89%
ROE(3y)-29.79%
ROE(5y)-23.81%
ROIC(3y)N/A
ROIC(5y)N/A
AIRG Yearly ROA, ROE, ROICAIRG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

The Gross Margin of AIRG (41.77%) is better than 72.00% of its industry peers.
AIRG's Gross Margin has declined in the last couple of years.
AIRG does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 41.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.24%
GM growth 5Y-2.06%
AIRG Yearly Profit, Operating, Gross MarginsAIRG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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5

2. Health

2.1 Basic Checks

AIRG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AIRG has more shares outstanding
AIRG has more shares outstanding than it did 5 years ago.
AIRG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
AIRG Yearly Shares OutstandingAIRG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
AIRG Yearly Total Debt VS Total AssetsAIRG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

Based on the Altman-Z score of 0.05, we must say that AIRG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.05, AIRG is doing worse than 78.40% of the companies in the same industry.
There is no outstanding debt for AIRG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 0.05
ROIC/WACCN/A
WACC9.02%
AIRG Yearly LT Debt VS Equity VS FCFAIRG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M 40M

2.3 Liquidity

A Current Ratio of 2.11 indicates that AIRG has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.11, AIRG is in line with its industry, outperforming 43.20% of the companies in the same industry.
A Quick Ratio of 1.78 indicates that AIRG should not have too much problems paying its short term obligations.
AIRG has a Quick ratio (1.78) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.11
Quick Ratio 1.78
AIRG Yearly Current Assets VS Current LiabilitesAIRG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 66.67% over the past year.
AIRG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.45%.
The Revenue has been growing slightly by 1.69% on average over the past years.
EPS 1Y (TTM)66.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-37.5%
Revenue 1Y (TTM)8.45%
Revenue growth 3Y-1.94%
Revenue growth 5Y1.69%
Sales Q2Q%-15.59%

3.2 Future

Based on estimates for the next years, AIRG will show a very strong growth in Earnings Per Share. The EPS will grow by 98.05% on average per year.
Based on estimates for the next years, AIRG will show a small growth in Revenue. The Revenue will grow by 7.79% on average per year.
EPS Next Y18.93%
EPS Next 2Y98.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-5.95%
Revenue Next 2Y7.79%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
AIRG Yearly Revenue VS EstimatesAIRG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
AIRG Yearly EPS VS EstimatesAIRG Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4 -0.4

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AIRG. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 16.69, which indicates a correct valuation of AIRG.
77.60% of the companies in the same industry are more expensive than AIRG, based on the Price/Forward Earnings ratio.
AIRG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.27.
Industry RankSector Rank
PE N/A
Fwd PE 16.69
AIRG Price Earnings VS Forward Price EarningsAIRG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AIRG Per share dataAIRG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AIRG's earnings are expected to grow with 98.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y98.05%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for AIRG!.
Industry RankSector Rank
Dividend Yield N/A

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AIRGAIN INC

NASDAQ:AIRG (6/24/2025, 10:00:59 AM)

4.17

+0.13 (+3.22%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)08-04 2025-08-04/amc
Inst Owners33.64%
Inst Owner Change-7.23%
Ins Owners7.71%
Ins Owner Change5.89%
Market Cap49.16M
Analysts82.22
Price Target7.82 (87.53%)
Short Float %1.14%
Short Ratio7.91
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-53.92%
Min EPS beat(2)-100%
Max EPS beat(2)-7.84%
EPS beat(4)2
Avg EPS beat(4)4.19%
Min EPS beat(4)-100%
Max EPS beat(4)100%
EPS beat(8)2
Avg EPS beat(8)-48.89%
EPS beat(12)4
Avg EPS beat(12)191.46%
EPS beat(16)6
Avg EPS beat(16)142.88%
Revenue beat(2)0
Avg Revenue beat(2)-6.75%
Min Revenue beat(2)-11.1%
Max Revenue beat(2)-2.4%
Revenue beat(4)0
Avg Revenue beat(4)-3.9%
Min Revenue beat(4)-11.1%
Max Revenue beat(4)-0.76%
Revenue beat(8)1
Avg Revenue beat(8)-3.41%
Revenue beat(12)2
Avg Revenue beat(12)-2.97%
Revenue beat(16)2
Avg Revenue beat(16)-3.09%
PT rev (1m)-11.54%
PT rev (3m)-11.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-198.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.93%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 16.69
P/S 0.84
P/FCF N/A
P/OCF N/A
P/B 1.62
P/tB 3.4
EV/EBITDA N/A
EPS(TTM)-0.16
EYN/A
EPS(NY)0.25
Fwd EY5.99%
FCF(TTM)-0.3
FCFYN/A
OCF(TTM)-0.29
OCFYN/A
SpS4.95
BVpS2.57
TBVpS1.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -16.87%
ROE -25.65%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.77%
FCFM N/A
ROA(3y)-21.09%
ROA(5y)-16.89%
ROE(3y)-29.79%
ROE(5y)-23.81%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.24%
GM growth 5Y-2.06%
F-Score6
Asset Turnover1.27
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 4.43%
Cap/Sales 0.27%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.11
Quick Ratio 1.78
Altman-Z 0.05
F-Score6
WACC9.02%
ROIC/WACCN/A
Cap/Depr(3y)11.66%
Cap/Depr(5y)24.56%
Cap/Sales(3y)0.64%
Cap/Sales(5y)0.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-37.5%
EPS Next Y18.93%
EPS Next 2Y98.05%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.45%
Revenue growth 3Y-1.94%
Revenue growth 5Y1.69%
Sales Q2Q%-15.59%
Revenue Next Year-5.95%
Revenue Next 2Y7.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y24.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year35.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-94.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-203.8%
OCF growth 3YN/A
OCF growth 5YN/A