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AVIAT NETWORKS INC (AVNW) Stock Fundamental Analysis

USA - NASDAQ:AVNW - US05366Y2019 - Common Stock

22.95 USD
-0.27 (-1.16%)
Last: 10/22/2025, 1:25:02 PM
Fundamental Rating

4

Overall AVNW gets a fundamental rating of 4 out of 10. We evaluated AVNW against 48 industry peers in the Communications Equipment industry. There are concerns on the financial health of AVNW while its profitability can be described as average. AVNW has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

AVNW had positive earnings in the past year.
In the past year AVNW had a positive cash flow from operations.
AVNW had positive earnings in each of the past 5 years.
Of the past 5 years AVNW 4 years had a positive operating cash flow.
AVNW Yearly Net Income VS EBIT VS OCF VS FCFAVNW 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 2025 0 20M -20M 40M 60M 80M 100M

1.2 Ratios

AVNW has a Return On Assets of 0.21%. This is comparable to the rest of the industry: AVNW outperforms 54.17% of its industry peers.
AVNW's Return On Equity of 0.51% is in line compared to the rest of the industry. AVNW outperforms 58.33% of its industry peers.
AVNW has a Return On Invested Capital of 3.19%. This is in the better half of the industry: AVNW outperforms 60.42% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AVNW is significantly below the industry average of 13.08%.
Industry RankSector Rank
ROA 0.21%
ROE 0.51%
ROIC 3.19%
ROA(3y)1.79%
ROA(5y)9.78%
ROE(3y)3.31%
ROE(5y)16.1%
ROIC(3y)6.3%
ROIC(5y)7.79%
AVNW Yearly ROA, ROE, ROICAVNW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

1.3 Margins

AVNW's Profit Margin of 0.31% is in line compared to the rest of the industry. AVNW outperforms 54.17% of its industry peers.
AVNW's Profit Margin has improved in the last couple of years.
AVNW has a Operating Margin of 3.26%. This is comparable to the rest of the industry: AVNW outperforms 58.33% of its industry peers.
In the last couple of years the Operating Margin of AVNW has remained more or less at the same level.
With a Gross Margin value of 32.08%, AVNW is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
AVNW's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.26%
PM (TTM) 0.31%
GM 32.08%
OM growth 3Y-30.05%
OM growth 5Y1.03%
PM growth 3Y-64.67%
PM growth 5Y19.67%
GM growth 3Y-3.8%
GM growth 5Y-2%
AVNW Yearly Profit, Operating, Gross MarginsAVNW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AVNW is destroying value.
Compared to 1 year ago, AVNW has more shares outstanding
Compared to 5 years ago, AVNW has more shares outstanding
Compared to 1 year ago, AVNW has a worse debt to assets ratio.
AVNW Yearly Shares OutstandingAVNW Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M 10M
AVNW Yearly Total Debt VS Total AssetsAVNW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 0.31, we must say that AVNW is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.31, AVNW is doing worse than 64.58% of the companies in the same industry.
AVNW has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
AVNW's Debt to Equity ratio of 0.26 is on the low side compared to the rest of the industry. AVNW is outperformed by 60.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF N/A
Altman-Z 0.31
ROIC/WACC0.33
WACC9.62%
AVNW Yearly LT Debt VS Equity VS FCFAVNW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M 250M

2.3 Liquidity

AVNW has a Current Ratio of 1.64. This is a normal value and indicates that AVNW is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of AVNW (1.64) is worse than 64.58% of its industry peers.
AVNW has a Quick Ratio of 1.35. This is a normal value and indicates that AVNW is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.35, AVNW perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 1.35
AVNW Yearly Current Assets VS Current LiabilitesAVNW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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5

3. Growth

3.1 Past

AVNW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -49.54%.
Measured over the past years, AVNW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.38% on average per year.
AVNW shows a small growth in Revenue. In the last year, the Revenue has grown by 6.49%.
Measured over the past years, AVNW shows a quite strong growth in Revenue. The Revenue has been growing by 12.74% on average per year.
EPS 1Y (TTM)-49.54%
EPS 3Y-15.18%
EPS 5Y17.38%
EPS Q2Q%15.28%
Revenue 1Y (TTM)6.49%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%-1.13%

3.2 Future

The Earnings Per Share is expected to grow by 41.75% on average over the next years. This is a very strong growth
Based on estimates for the next years, AVNW will show a small growth in Revenue. The Revenue will grow by 6.28% on average per year.
EPS Next Y60.77%
EPS Next 2Y41.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.8%
Revenue Next 2Y5.3%
Revenue Next 3Y7.18%
Revenue Next 5Y6.28%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
AVNW Yearly Revenue VS EstimatesAVNW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M
AVNW Yearly EPS VS EstimatesAVNW Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2

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6

4. Valuation

4.1 Price/Earnings Ratio

AVNW is valuated correctly with a Price/Earnings ratio of 13.83.
83.33% of the companies in the same industry are more expensive than AVNW, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of AVNW to the average of the S&P500 Index (27.77), we can say AVNW is valued rather cheaply.
A Price/Forward Earnings ratio of 8.60 indicates a reasonable valuation of AVNW.
100.00% of the companies in the same industry are more expensive than AVNW, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.23. AVNW is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.83
Fwd PE 8.6
AVNW Price Earnings VS Forward Price EarningsAVNW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

AVNW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AVNW is cheaper than 72.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.62
AVNW Per share dataAVNW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

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.
AVNW's earnings are expected to grow with 41.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)0.8
EPS Next 2Y41.75%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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AVIAT NETWORKS INC

NASDAQ:AVNW (10/22/2025, 1:25:02 PM)

22.95

-0.27 (-1.16%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)09-10 2025-09-10/amc
Earnings (Next)10-29 2025-10-29/amc
Inst Owners76.78%
Inst Owner Change-0.22%
Ins Owners4.06%
Ins Owner Change1.99%
Market Cap293.76M
Revenue(TTM)434.61M
Net Income(TTM)1.34M
Analysts81.54
Price Target34.97 (52.37%)
Short Float %5.44%
Short Ratio6.47
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)2
Avg EPS beat(2)139.08%
Min EPS beat(2)74.37%
Max EPS beat(2)203.78%
EPS beat(4)3
Avg EPS beat(4)824.58%
Min EPS beat(4)-2910.73%
Max EPS beat(4)5930.92%
EPS beat(8)7
Avg EPS beat(8)419.99%
EPS beat(12)9
Avg EPS beat(12)281.34%
EPS beat(16)12
Avg EPS beat(16)214.52%
Revenue beat(2)1
Avg Revenue beat(2)1.98%
Min Revenue beat(2)-1.39%
Max Revenue beat(2)5.34%
Revenue beat(4)2
Avg Revenue beat(4)1.96%
Min Revenue beat(4)-7.98%
Max Revenue beat(4)11.87%
Revenue beat(8)4
Avg Revenue beat(8)0.68%
Revenue beat(12)6
Avg Revenue beat(12)0.46%
Revenue beat(16)9
Avg Revenue beat(16)0.9%
PT rev (1m)0%
PT rev (3m)-0.42%
EPS NQ rev (1m)-31.5%
EPS NQ rev (3m)-44.4%
EPS NY rev (1m)-2.79%
EPS NY rev (3m)-2.79%
Revenue NQ rev (1m)-4.67%
Revenue NQ rev (3m)-6.84%
Revenue NY rev (1m)-0.64%
Revenue NY rev (3m)-1.31%
Valuation
Industry RankSector Rank
PE 13.83
Fwd PE 8.6
P/S 0.68
P/FCF N/A
P/OCF 51.35
P/B 1.12
P/tB 1.36
EV/EBITDA 14.62
EPS(TTM)1.66
EY7.23%
EPS(NY)2.67
Fwd EY11.63%
FCF(TTM)-1.98
FCFYN/A
OCF(TTM)0.45
OCFY1.95%
SpS33.95
BVpS20.56
TBVpS16.92
PEG (NY)0.23
PEG (5Y)0.8
Graham Number27.71
Profitability
Industry RankSector Rank
ROA 0.21%
ROE 0.51%
ROCE 4.04%
ROIC 3.19%
ROICexc 3.85%
ROICexgc 4.58%
OM 3.26%
PM (TTM) 0.31%
GM 32.08%
FCFM N/A
ROA(3y)1.79%
ROA(5y)9.78%
ROE(3y)3.31%
ROE(5y)16.1%
ROIC(3y)6.3%
ROIC(5y)7.79%
ROICexc(3y)7.36%
ROICexc(5y)9.6%
ROICexgc(3y)8.1%
ROICexgc(5y)10.04%
ROCE(3y)7.98%
ROCE(5y)9.86%
ROICexgc growth 3Y-29.93%
ROICexgc growth 5Y-16.07%
ROICexc growth 3Y-33.88%
ROICexc growth 5Y-18.94%
OM growth 3Y-30.05%
OM growth 5Y1.03%
PM growth 3Y-64.67%
PM growth 5Y19.67%
GM growth 3Y-3.8%
GM growth 5Y-2%
F-Score4
Asset Turnover0.69
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF N/A
Debt/EBITDA 3.1
Cap/Depr 386.82%
Cap/Sales 7.16%
Interest Coverage 2.12
Cash Conversion 25.73%
Profit Quality N/A
Current Ratio 1.64
Quick Ratio 1.35
Altman-Z 0.31
F-Score4
WACC9.62%
ROIC/WACC0.33
Cap/Depr(3y)475.32%
Cap/Depr(5y)303.81%
Cap/Sales(3y)7.26%
Cap/Sales(5y)4.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-49.54%
EPS 3Y-15.18%
EPS 5Y17.38%
EPS Q2Q%15.28%
EPS Next Y60.77%
EPS Next 2Y41.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.49%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%-1.13%
Revenue Next Year3.8%
Revenue Next 2Y5.3%
Revenue Next 3Y7.18%
Revenue Next 5Y6.28%
EBIT growth 1Y-38.79%
EBIT growth 3Y-21.12%
EBIT growth 5Y13.9%
EBIT Next Year82.26%
EBIT Next 3Y41.04%
EBIT Next 5Y29.05%
FCF growth 1Y-491.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.27%
OCF growth 3Y27.04%
OCF growth 5Y-20.03%