AVIAT NETWORKS INC (AVNW) Fundamental Analysis & Valuation

NASDAQ:AVNW • US05366Y2019

Current stock price

21.21 USD
+0.63 (+3.06%)
Last:

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

6

1. AVNW Profitability Analysis

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M 100M

1.2 Ratios

  • AVNW has a better Return On Assets (2.22%) than 61.70% of its industry peers.
  • AVNW has a better Return On Equity (5.38%) than 65.96% of its industry peers.
  • AVNW has a better Return On Invested Capital (6.62%) than 70.21% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AVNW is below the industry average of 10.19%.
  • The last Return On Invested Capital (6.62%) for AVNW is above the 3 year average (6.30%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.22%
ROE 5.38%
ROIC 6.62%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

1.3 Margins

  • With a decent Profit Margin value of 3.27%, AVNW is doing good in the industry, outperforming 61.70% of the companies in the same industry.
  • AVNW's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 7.36%, AVNW is doing good in the industry, outperforming 72.34% of the companies in the same industry.
  • AVNW's Operating Margin has been stable in the last couple of years.
  • AVNW has a worse Gross Margin (33.69%) than 65.96% of its industry peers.
  • In the last couple of years the Gross Margin of AVNW has declined.
Industry RankSector Rank
OM 7.36%
PM (TTM) 3.27%
GM 33.69%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

2

2. AVNW Health Analysis

2.1 Basic Checks

  • AVNW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for AVNW has been increased compared to 1 year ago.
  • AVNW has more shares outstanding than it did 5 years ago.
  • AVNW has a worse debt/assets ratio than last year.
AVNW Yearly Shares OutstandingAVNW Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • AVNW has an Altman-Z score of 0.47. This is a bad value and indicates that AVNW is not financially healthy and even has some risk of bankruptcy.
  • AVNW has a Altman-Z score of 0.47. This is in the lower half of the industry: AVNW underperforms 65.96% of its industry peers.
  • AVNW has a debt to FCF ratio of 6.55. This is a slightly negative value and a sign of low solvency as AVNW would need 6.55 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.55, AVNW is in line with its industry, outperforming 48.94% of the companies in the same industry.
  • AVNW has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • AVNW has a Debt to Equity ratio of 0.37. This is in the lower half of the industry: AVNW underperforms 72.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 6.55
Altman-Z 0.47
ROIC/WACC0.76
WACC8.73%
AVNW Yearly LT Debt VS Equity VS FCFAVNW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 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 1.85. This is a normal value and indicates that AVNW is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.85, AVNW is in line with its industry, outperforming 40.43% of the companies in the same industry.
  • A Quick Ratio of 1.56 indicates that AVNW should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.56, AVNW perfoms like the industry average, outperforming 40.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.56
AVNW Yearly Current Assets VS Current LiabilitesAVNW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

5

3. AVNW Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 91.43% over the past year.
  • AVNW shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.38% yearly.
  • Looking at the last year, AVNW shows a small growth in Revenue. The Revenue has grown by 3.39% in the last year.
  • 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)91.43%
EPS 3Y-15.18%
EPS 5Y17.38%
EPS Q2Q%-34.15%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%-5.48%

3.2 Future

  • Based on estimates for the next years, AVNW will show a small growth in Earnings Per Share. The EPS will grow by 4.06% on average per year.
  • The Revenue is expected to grow by 6.28% on average over the next years.
EPS Next Y47.87%
EPS Next 2Y39.62%
EPS Next 3Y4.06%
EPS Next 5YN/A
Revenue Next Year3.64%
Revenue Next 2Y5.32%
Revenue Next 3Y6.16%
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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AVNW Yearly Revenue VS EstimatesAVNW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 2 3

8

4. AVNW Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.91, the valuation of AVNW can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of AVNW indicates a rather cheap valuation: AVNW is cheaper than 95.74% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, AVNW is valued rather cheaply.
  • A Price/Forward Earnings ratio of 6.55 indicates a rather cheap valuation of AVNW.
  • Based on the Price/Forward Earnings ratio, AVNW is valued cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, AVNW is valued rather cheaply.
Industry RankSector Rank
PE 7.91
Fwd PE 6.55
AVNW Price Earnings VS Forward Price EarningsAVNW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AVNW indicates a rather cheap valuation: AVNW is cheaper than 93.62% of the companies listed in the same industry.
  • AVNW's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AVNW is cheaper than 76.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.02
EV/EBITDA 7.38
AVNW Per share dataAVNW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 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.
  • The decent profitability rating of AVNW may justify a higher PE ratio.
PEG (NY)0.17
PEG (5Y)0.46
EPS Next 2Y39.62%
EPS Next 3Y4.06%

0

5. AVNW Dividend Analysis

5.1 Amount

  • No dividends for AVNW!.
Industry RankSector Rank
Dividend Yield 0%

AVNW Fundamentals: All Metrics, Ratios and Statistics

AVIAT NETWORKS INC

NASDAQ:AVNW (4/8/2026, 8:17:11 PM)

21.21

+0.63 (+3.06%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners80.26%
Inst Owner Change0%
Ins Owners3.61%
Ins Owner Change1.42%
Market Cap273.61M
Revenue(TTM)446.77M
Net Income(TTM)14.61M
Analysts81.54
Price Target35.55 (67.61%)
Short Float %5.15%
Short Ratio4.9
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)19.66%
Min EPS beat(2)5.92%
Max EPS beat(2)33.41%
EPS beat(4)4
Avg EPS beat(4)79.37%
Min EPS beat(4)5.92%
Max EPS beat(4)203.78%
EPS beat(8)7
Avg EPS beat(8)422.51%
EPS beat(12)9
Avg EPS beat(12)282.98%
EPS beat(16)12
Avg EPS beat(16)214.45%
Revenue beat(2)1
Avg Revenue beat(2)1.2%
Min Revenue beat(2)-0.13%
Max Revenue beat(2)2.52%
Revenue beat(4)2
Avg Revenue beat(4)1.59%
Min Revenue beat(4)-1.39%
Max Revenue beat(4)5.34%
Revenue beat(8)4
Avg Revenue beat(8)1%
Revenue beat(12)6
Avg Revenue beat(12)0.45%
Revenue beat(16)8
Avg Revenue beat(16)0.54%
PT rev (1m)0%
PT rev (3m)-0.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-27.1%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.13%
Valuation
Industry RankSector Rank
PE 7.91
Fwd PE 6.55
P/S 0.61
P/FCF 17.02
P/OCF 11.25
P/B 1.01
P/tB 1.21
EV/EBITDA 7.38
EPS(TTM)2.68
EY12.64%
EPS(NY)3.24
Fwd EY15.26%
FCF(TTM)1.25
FCFY5.88%
OCF(TTM)1.88
OCFY8.88%
SpS34.63
BVpS21.06
TBVpS17.59
PEG (NY)0.17
PEG (5Y)0.46
Graham Number35.63
Profitability
Industry RankSector Rank
ROA 2.22%
ROE 5.38%
ROCE 8.38%
ROIC 6.62%
ROICexc 8.49%
ROICexgc 9.95%
OM 7.36%
PM (TTM) 3.27%
GM 33.69%
FCFM 3.6%
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-Score6
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 6.55
Debt/EBITDA 2.55
Cap/Depr 121.71%
Cap/Sales 1.84%
Interest Coverage 250
Cash Conversion 61.35%
Profit Quality 110.1%
Current Ratio 1.85
Quick Ratio 1.56
Altman-Z 0.47
F-Score6
WACC8.73%
ROIC/WACC0.76
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)91.43%
EPS 3Y-15.18%
EPS 5Y17.38%
EPS Q2Q%-34.15%
EPS Next Y47.87%
EPS Next 2Y39.62%
EPS Next 3Y4.06%
EPS Next 5YN/A
Revenue 1Y (TTM)3.39%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%-5.48%
Revenue Next Year3.64%
Revenue Next 2Y5.32%
Revenue Next 3Y6.16%
Revenue Next 5Y6.28%
EBIT growth 1Y742.72%
EBIT growth 3Y-21.12%
EBIT growth 5Y13.9%
EBIT Next Year79.33%
EBIT Next 3Y38.14%
EBIT Next 5Y29.05%
FCF growth 1Y165.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y78.37%
OCF growth 3Y27.04%
OCF growth 5Y-20.03%

AVIAT NETWORKS INC / AVNW Fundamental Analysis FAQ

What is the ChartMill fundamental rating of AVIAT NETWORKS INC (AVNW) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AVNW.


Can you provide the valuation status for AVIAT NETWORKS INC?

ChartMill assigns a valuation rating of 8 / 10 to AVIAT NETWORKS INC (AVNW). This can be considered as Undervalued.


Can you provide the profitability details for AVIAT NETWORKS INC?

AVIAT NETWORKS INC (AVNW) has a profitability rating of 6 / 10.


What are the PE and PB ratios of AVIAT NETWORKS INC (AVNW) stock?

The Price/Earnings (PE) ratio for AVIAT NETWORKS INC (AVNW) is 7.91 and the Price/Book (PB) ratio is 1.01.


What is the expected EPS growth for AVIAT NETWORKS INC (AVNW) stock?

The Earnings per Share (EPS) of AVIAT NETWORKS INC (AVNW) is expected to grow by 47.87% in the next year.