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AIRGAIN INC (AIRG) Stock Fundamental Analysis

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

4.15  +0.18 (+4.53%)

After market: 3.95 -0.2 (-4.82%)

Fundamental Rating

3

Overall AIRG gets a fundamental rating of 3 out of 10. We evaluated AIRG against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While AIRG seems to be doing ok healthwise, there are quite some concerns on its profitability. AIRG is valied quite expensively at the moment, while it does show a decent growth rate.


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.
In multiple years AIRG reported negative operating cash flow during the last 5 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

AIRG has a worse Return On Assets (-17.93%) than 70.40% of its industry peers.
Looking at the Return On Equity, with a value of -28.05%, AIRG is doing worse than 67.20% of the companies in the same industry.
Industry RankSector Rank
ROA -17.93%
ROE -28.05%
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 (40.93%) is better than 71.20% of its industry peers.
In the last couple of years the Gross Margin of AIRG has declined.
The Profit Margin and Operating Margin are not available for AIRG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 40.93%
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.
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.
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

AIRG has an Altman-Z score of 0.08. This is a bad value and indicates that AIRG is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.08, AIRG is not doing good in the industry: 77.60% of the companies in the same industry are doing better.
AIRG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 0.08
ROIC/WACCN/A
WACC8.93%
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

AIRG has a Current Ratio of 1.91. This is a normal value and indicates that AIRG is financially healthy and should not expect problems in meeting its short term obligations.
AIRG's Current ratio of 1.91 is on the low side compared to the rest of the industry. AIRG is outperformed by 60.00% of its industry peers.
AIRG has a Quick Ratio of 1.62. This is a normal value and indicates that AIRG is financially healthy and should not expect problems in meeting its short term obligations.
AIRG has a Quick ratio (1.62) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.62
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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5

3. Growth

3.1 Past

AIRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 72.92%, which is quite impressive.
The Revenue has grown by 8.14% in the past year. This is quite good.
AIRG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.69% yearly.
EPS 1Y (TTM)72.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y-1.94%
Revenue growth 5Y1.69%
Sales Q2Q%49.78%

3.2 Future

AIRG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 133.50% yearly.
Based on estimates for the next years, AIRG will show a quite strong growth in Revenue. The Revenue will grow by 13.57% on average per year.
EPS Next Y42.46%
EPS Next 2Y133.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.11%
Revenue Next 2Y13.57%
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 80M
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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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AIRG. In the last year negative earnings were reported.
Also next year AIRG 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
AIRG Price Earnings VS Forward Price EarningsAIRG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40

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 5

4.3 Compensation for Growth

AIRG's earnings are expected to grow with 133.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y133.5%
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 (4/25/2025, 8:00:00 PM)

After market: 3.95 -0.2 (-4.82%)

4.15

+0.18 (+4.53%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-27 2025-02-27/amc
Earnings (Next)05-07 2025-05-07/amc
Inst Owners37.75%
Inst Owner Change-48.48%
Ins Owners5.91%
Ins Owner Change-0.32%
Market Cap47.97M
Analysts82.22
Price Target8.84 (113.01%)
Short Float %1.25%
Short Ratio5.03
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)0%
Min EPS beat(2)-100%
Max EPS beat(2)100%
EPS beat(4)2
Avg EPS beat(4)5%
Min EPS beat(4)-100%
Max EPS beat(4)100%
EPS beat(8)2
Avg EPS beat(8)-51.55%
EPS beat(12)5
Avg EPS beat(12)197.53%
EPS beat(16)7
Avg EPS beat(16)144.08%
Revenue beat(2)0
Avg Revenue beat(2)-6.22%
Min Revenue beat(2)-11.1%
Max Revenue beat(2)-1.34%
Revenue beat(4)1
Avg Revenue beat(4)-3.3%
Min Revenue beat(4)-11.1%
Max Revenue beat(4)0.01%
Revenue beat(8)1
Avg Revenue beat(8)-3.35%
Revenue beat(12)2
Avg Revenue beat(12)-2.83%
Revenue beat(16)3
Avg Revenue beat(16)-2.92%
PT rev (1m)0%
PT rev (3m)-22.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-100%
EPS NY rev (1m)0%
EPS NY rev (3m)-156.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-21.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-16.9%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.79
P/FCF N/A
P/OCF N/A
P/B 1.55
P/tB 3.35
EV/EBITDA N/A
EPS(TTM)-0.13
EYN/A
EPS(NY)-0.07
Fwd EYN/A
FCF(TTM)-0.32
FCFYN/A
OCF(TTM)-0.31
OCFYN/A
SpS5.24
BVpS2.68
TBVpS1.24
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -17.93%
ROE -28.05%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 40.93%
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-Score5
Asset Turnover1.25
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 4.98%
Cap/Sales 0.29%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.91
Quick Ratio 1.62
Altman-Z 0.08
F-Score5
WACC8.93%
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)72.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y42.46%
EPS Next 2Y133.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.14%
Revenue growth 3Y-1.94%
Revenue growth 5Y1.69%
Sales Q2Q%49.78%
Revenue Next Year-3.11%
Revenue Next 2Y13.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y27.99%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year97.75%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-6.85%
OCF growth 3YN/A
OCF growth 5YN/A