Avinger Inc (AVGR) Fundamental Analysis & Valuation

NASDAQ:AVGR • US0537348775

Current stock price

0.474 USD
-0.12 (-20.74%)
At close:
0.57 USD
+0.1 (+20.25%)
After Hours:

This AVGR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. AVGR Profitability Analysis

1.1 Basic Checks

  • In the past year AVGR has reported negative net income.
  • In the past year AVGR has reported a negative cash flow from operations.
  • In the past 5 years AVGR always reported negative net income.
  • In the past 5 years AVGR always reported negative operating cash flow.
AVGR Yearly Net Income VS EBIT VS OCF VS FCFAVGR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 -10M -20M -30M -40M -50M

1.2 Ratios

  • With a Return On Assets value of -127.59%, AVGR is not doing good in the industry: 89.89% of the companies in the same industry are doing better.
  • AVGR's Return On Equity of -447.82% is on the low side compared to the rest of the industry. AVGR is outperformed by 86.70% of its industry peers.
Industry RankSector Rank
ROA -127.59%
ROE -447.82%
ROIC N/A
ROA(3y)-106.27%
ROA(5y)-96.87%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
AVGR Yearly ROA, ROE, ROICAVGR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 -500 -1K

1.3 Margins

  • AVGR has a worse Gross Margin (20.94%) than 80.32% of its industry peers.
  • In the last couple of years the Gross Margin of AVGR has grown nicely.
  • AVGR 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 20.94%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.35%
GM growth 5Y8.48%
AVGR Yearly Profit, Operating, Gross MarginsAVGR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200 -300 -400

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4

2. AVGR Health Analysis

2.1 Basic Checks

  • AVGR does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • AVGR has more shares outstanding than it did 1 year ago.
  • The debt/assets ratio for AVGR is higher compared to a year ago.
AVGR Yearly Shares OutstandingAVGR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 200K 400K 600K 800K 1M
AVGR Yearly Total Debt VS Total AssetsAVGR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M

2.2 Solvency

  • AVGR has an Altman-Z score of -48.14. This is a bad value and indicates that AVGR is not financially healthy and even has some risk of bankruptcy.
  • AVGR has a Altman-Z score of -48.14. This is amonst the worse of the industry: AVGR underperforms 91.49% of its industry peers.
  • There is no outstanding debt for AVGR. 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 -48.14
ROIC/WACCN/A
WACC5.15%
AVGR Yearly LT Debt VS Equity VS FCFAVGR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 -20M -40M

2.3 Liquidity

  • A Current Ratio of 1.21 indicates that AVGR should not have too much problems paying its short term obligations.
  • AVGR has a worse Current ratio (1.21) than 84.57% of its industry peers.
  • AVGR has a Quick Ratio of 1.21. This is a bad value and indicates that AVGR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of AVGR (0.81) is worse than 88.30% of its industry peers.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.81
AVGR Yearly Current Assets VS Current LiabilitesAVGR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AVGR Growth Analysis

3.1 Past

  • AVGR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.40%, which is quite impressive.
  • Looking at the last year, AVGR shows a decrease in Revenue. The Revenue has decreased by -6.30% in the last year.
  • The Revenue has been decreasing by -0.69% on average over the past years.
EPS 1Y (TTM)66.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%37.67%
Revenue 1Y (TTM)-6.3%
Revenue growth 3Y-4.41%
Revenue growth 5Y-0.69%
Sales Q2Q%-9.19%

3.2 Future

  • Based on estimates for the next years, AVGR will show a very strong growth in Earnings Per Share. The EPS will grow by 21.51% on average per year.
  • Based on estimates for the next years, AVGR will show a very strong growth in Revenue. The Revenue will grow by 27.27% on average per year.
EPS Next Y-30.64%
EPS Next 2Y29.28%
EPS Next 3Y21.51%
EPS Next 5YN/A
Revenue Next Year-12.9%
Revenue Next 2Y29.82%
Revenue Next 3Y29.14%
Revenue Next 5Y27.27%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AVGR Yearly Revenue VS EstimatesAVGR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10M 20M 30M 40M
AVGR Yearly EPS VS EstimatesAVGR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2023 2024 2025 2026 -100K -200K -300K -400K -500K

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1

4. AVGR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for AVGR. In the last year negative earnings were reported.
  • Also next year AVGR is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
AVGR Price Earnings VS Forward Price EarningsAVGR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AVGR Per share dataAVGR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4 -6 -8 -10

4.3 Compensation for Growth

  • A more expensive valuation may be justified as AVGR's earnings are expected to grow with 21.51% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.28%
EPS Next 3Y21.51%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AVGR Dividend Analysis

5.1 Amount

  • AVGR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

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AVGR Fundamentals: All Metrics, Ratios and Statistics

Avinger Inc

NASDAQ:AVGR (2/14/2025, 8:21:08 PM)

After market: 0.57 +0.1 (+20.25%)

0.474

-0.12 (-20.74%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)11-07
Earnings (Next)03-18
Inst Owners1.73%
Inst Owner Change0%
Ins Owners1.18%
Ins Owner Change0%
Market Cap1.57M
Revenue(TTM)7.26M
Net Income(TTM)-17.35M
Analysts82.86
Price Target5.1 (975.95%)
Short Float %N/A
Short RatioN/A
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)1
Avg EPS beat(2)-265.43%
Min EPS beat(2)-542.96%
Max EPS beat(2)12.1%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-15.05%
Min Revenue beat(2)-29.02%
Max Revenue beat(2)-1.08%
Revenue beat(4)0
Avg Revenue beat(4)-19.68%
Min Revenue beat(4)-29.02%
Max Revenue beat(4)-1.08%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.22
P/FCF N/A
P/OCF N/A
P/B 0.4
P/tB 0.4
EV/EBITDA N/A
EPS(TTM)-11.03
EYN/A
EPS(NY)-1.2
Fwd EYN/A
FCF(TTM)-4.4
FCFYN/A
OCF(TTM)-4.4
OCFYN/A
SpS2.19
BVpS1.17
TBVpS1.17
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -127.59%
ROE -447.82%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 20.94%
FCFM N/A
ROA(3y)-106.27%
ROA(5y)-96.87%
ROE(3y)N/A
ROE(5y)N/A
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y-4.35%
GM growth 5Y8.48%
F-Score4
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0.62%
Cap/Sales 0.03%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.21
Quick Ratio 0.81
Altman-Z -48.14
F-Score4
WACC5.15%
ROIC/WACCN/A
Cap/Depr(3y)10.71%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.34%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%37.67%
EPS Next Y-30.64%
EPS Next 2Y29.28%
EPS Next 3Y21.51%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.3%
Revenue growth 3Y-4.41%
Revenue growth 5Y-0.69%
Sales Q2Q%-9.19%
Revenue Next Year-12.9%
Revenue Next 2Y29.82%
Revenue Next 3Y29.14%
Revenue Next 5Y27.27%
EBIT growth 1Y-10.48%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y17.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y17.16%
OCF growth 3YN/A
OCF growth 5YN/A

Avinger Inc / AVGR Fundamental Analysis FAQ

What is the ChartMill fundamental rating of Avinger Inc (AVGR) stock?

ChartMill assigns a fundamental rating of 2 / 10 to AVGR.


Can you provide the valuation status for Avinger Inc?

ChartMill assigns a valuation rating of 1 / 10 to Avinger Inc (AVGR). This can be considered as Overvalued.


What is the profitability of AVGR stock?

Avinger Inc (AVGR) has a profitability rating of 1 / 10.


How financially healthy is Avinger Inc?

The financial health rating of Avinger Inc (AVGR) is 4 / 10.