AVIAT NETWORKS INC (AVNW) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:AVNW • US05366Y2019

25.92 USD
-0.17 (-0.65%)
At close: Feb 11, 2026
25.92 USD
0 (0%)
After Hours: 2/11/2026, 8:07:20 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. While AVNW is still in line with the averages on profitability rating, there are concerns on its financial health. AVNW is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year AVNW was profitable.
  • 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

  • The Return On Assets of AVNW (2.22%) is better than 64.58% of its industry peers.
  • The Return On Equity of AVNW (5.38%) is better than 64.58% of its industry peers.
  • AVNW has a Return On Invested Capital of 6.62%. This is in the better half of the industry: AVNW outperforms 70.83% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AVNW is below the industry average of 11.29%.
  • 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

  • Looking at the Profit Margin, with a value of 3.27%, AVNW is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AVNW has grown nicely.
  • AVNW has a better Operating Margin (7.36%) than 72.92% of its industry peers.
  • AVNW's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 33.69%, AVNW is not doing good in the industry: 64.58% of the companies in the same industry are doing better.
  • 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. Health

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.
  • 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 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 0.56. This is a bad value and indicates that AVNW is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of AVNW (0.56) is worse than 64.58% of its industry peers.
  • The Debt to FCF ratio of AVNW is 6.55, which is on the high side as it means it would take AVNW, 6.55 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AVNW (6.55) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.37 indicates that AVNW is not too dependend on debt financing.
  • AVNW has a Debt to Equity ratio of 0.37. This is in the lower half of the industry: AVNW underperforms 70.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 6.55
Altman-Z 0.56
ROIC/WACC0.67
WACC9.84%
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

  • A Current Ratio of 1.85 indicates that AVNW should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.85, AVNW is in line with its industry, outperforming 41.67% of the companies in the same industry.
  • AVNW has a Quick Ratio of 1.56. This is a normal value and indicates that AVNW is financially healthy and should not expect problems in meeting its short term obligations.
  • AVNW has a Quick ratio (1.56) which is in line with its industry peers.
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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 91.43% over the past year.
  • The Earnings Per Share has been growing by 17.38% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 3.39% in the past 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%-5.69%

3.2 Future

  • Based on estimates for the next years, AVNW will show a very negative growth in Earnings Per Share. The EPS will decrease by -41.85% on average per year.
  • AVNW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.28% yearly.
EPS Next Y51.46%
EPS Next 2Y37.85%
EPS Next 3Y-41.85%
EPS Next 5YN/A
Revenue Next Year3.78%
Revenue Next 2Y5.27%
Revenue Next 3Y7.18%
Revenue Next 5Y6.28%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 9.67, which indicates a very decent valuation of AVNW.
  • 95.83% of the companies in the same industry are more expensive than AVNW, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 28.23. AVNW is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 8.22 indicates a reasonable valuation of AVNW.
  • AVNW's Price/Forward Earnings ratio is rather cheap when compared to the industry. AVNW is cheaper than 97.92% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, AVNW is valued rather cheaply.
Industry RankSector Rank
PE 9.67
Fwd PE 8.22
AVNW Price Earnings VS Forward Price EarningsAVNW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AVNW is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
  • 72.92% of the companies in the same industry are more expensive than AVNW, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 20.79
EV/EBITDA 8.97
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.
  • AVNW has a very decent profitability rating, which may justify a higher PE ratio.
  • AVNW's earnings are expected to decrease with -41.85% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.19
PEG (5Y)0.56
EPS Next 2Y37.85%
EPS Next 3Y-41.85%

0

5. Dividend

5.1 Amount

  • AVNW does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

AVIAT NETWORKS INC

NASDAQ:AVNW (2/11/2026, 8:07:20 PM)

After market: 25.92 0 (0%)

25.92

-0.17 (-0.65%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners79.12%
Inst Owner Change3.06%
Ins Owners3.55%
Ins Owner Change3.34%
Market Cap334.37M
Revenue(TTM)446.77M
Net Income(TTM)14.61M
Analysts81.54
Price Target35.85 (38.31%)
Short Float %4.85%
Short Ratio5.37
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)1.05%
Min Revenue beat(2)-0.42%
Max Revenue beat(2)2.52%
Revenue beat(4)2
Avg Revenue beat(4)1.51%
Min Revenue beat(4)-1.39%
Max Revenue beat(4)5.34%
Revenue beat(8)4
Avg Revenue beat(8)0.96%
Revenue beat(12)6
Avg Revenue beat(12)0.42%
Revenue beat(16)8
Avg Revenue beat(16)0.52%
PT rev (1m)0%
PT rev (3m)2.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.02%
Valuation
Industry RankSector Rank
PE 9.67
Fwd PE 8.22
P/S 0.75
P/FCF 20.79
P/OCF 13.75
P/B 1.23
P/tB 1.47
EV/EBITDA 8.97
EPS(TTM)2.68
EY10.34%
EPS(NY)3.15
Fwd EY12.17%
FCF(TTM)1.25
FCFY4.81%
OCF(TTM)1.88
OCFY7.27%
SpS34.63
BVpS21.06
TBVpS17.59
PEG (NY)0.19
PEG (5Y)0.56
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 0.56
F-Score6
WACC9.84%
ROIC/WACC0.67
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 Y51.46%
EPS Next 2Y37.85%
EPS Next 3Y-41.85%
EPS Next 5YN/A
Revenue 1Y (TTM)3.39%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%-5.69%
Revenue Next Year3.78%
Revenue Next 2Y5.27%
Revenue Next 3Y7.18%
Revenue Next 5Y6.28%
EBIT growth 1Y742.72%
EBIT growth 3Y-21.12%
EBIT growth 5Y13.9%
EBIT Next Year80.18%
EBIT Next 3Y40.79%
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 FAQ

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

ChartMill assigns a fundamental rating of 4 / 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.


How profitable is AVIAT NETWORKS INC (AVNW) stock?

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


How financially healthy is AVIAT NETWORKS INC?

The financial health rating of AVIAT NETWORKS INC (AVNW) is 2 / 10.


Can you provide the expected EPS growth for AVNW stock?

The Earnings per Share (EPS) of AVIAT NETWORKS INC (AVNW) is expected to grow by 51.46% in the next year.