AVIAT NETWORKS INC (AVNW) Fundamental Analysis & Valuation

NASDAQ:AVNW • US05366Y2019

Current stock price

21.99 USD
+0.74 (+3.48%)
At close:
22.16 USD
+0.17 (+0.77%)
After Hours:

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.
  • AVNW had a positive operating cash flow in the past year.
  • AVNW had positive earnings in each of the past 5 years.
  • AVNW had a positive operating cash flow in 4 of the past 5 years.
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's Return On Assets of 2.22% is fine compared to the rest of the industry. AVNW outperforms 61.70% of its industry peers.
  • AVNW has a Return On Equity of 5.38%. This is in the better half of the industry: AVNW outperforms 65.96% of its industry peers.
  • AVNW has a better Return On Invested Capital (6.62%) than 70.21% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AVNW is below the industry average of 10.41%.
  • The 3 year average ROIC (6.30%) for AVNW is below the current ROIC(6.62%), indicating increased profibility in the last year.
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

  • AVNW has a Profit Margin of 3.27%. This is in the better half of the industry: AVNW outperforms 61.70% of its industry peers.
  • AVNW's Profit Margin has improved in the last couple of years.
  • The Operating Margin of AVNW (7.36%) is better than 72.34% 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: 65.96% 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 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.
  • Compared to 1 year ago, AVNW has more shares outstanding
  • AVNW has more shares outstanding than it did 5 years ago.
  • 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 0.47. This is a bad value and indicates that AVNW is not financially healthy and even has some risk of bankruptcy.
  • AVNW has a worse Altman-Z score (0.47) than 65.96% 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.
  • AVNW has a Debt to FCF ratio of 6.55. This is comparable to the rest of the industry: AVNW outperforms 48.94% of its industry peers.
  • 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/WACC0.65
WACC10.12%
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.
  • The Current ratio of AVNW (1.85) is comparable to the rest of the 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.
  • The Revenue has been growing by 12.74% on average over the past years. This is quite good.
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

  • AVNW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.06% yearly.
  • AVNW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.28% yearly.
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

  • 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. AVNW Valuation Analysis

4.1 Price/Earnings Ratio

  • AVNW is valuated reasonably with a Price/Earnings ratio of 8.21.
  • 95.74% 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 26.78. AVNW is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 6.80 indicates a rather cheap 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 23.54. AVNW is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.21
Fwd PE 6.8
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

  • AVNW's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AVNW is cheaper than 93.62% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AVNW is valued a bit cheaper than 76.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.64
EV/EBITDA 7.39
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)0.47
EPS Next 2Y39.62%
EPS Next 3Y4.06%

0

5. AVNW Dividend Analysis

5.1 Amount

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

AVNW Fundamentals: All Metrics, Ratios and Statistics

AVIAT NETWORKS INC

NASDAQ:AVNW (4/10/2026, 8:07:01 PM)

After market: 22.16 +0.17 (+0.77%)

21.99

+0.74 (+3.48%)

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 Cap283.67M
Revenue(TTM)446.77M
Net Income(TTM)14.61M
Analysts81.54
Price Target35.55 (61.66%)
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 8.21
Fwd PE 6.8
P/S 0.63
P/FCF 17.64
P/OCF 11.67
P/B 1.04
P/tB 1.25
EV/EBITDA 7.39
EPS(TTM)2.68
EY12.19%
EPS(NY)3.24
Fwd EY14.72%
FCF(TTM)1.25
FCFY5.67%
OCF(TTM)1.88
OCFY8.57%
SpS34.63
BVpS21.06
TBVpS17.59
PEG (NY)0.17
PEG (5Y)0.47
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
WACC10.12%
ROIC/WACC0.65
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 8.21 and the Price/Book (PB) ratio is 1.04.


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.