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AVIAT NETWORKS INC (AVNW) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:AVNW - US05366Y2019 - Common Stock

21.07 USD
-1.32 (-5.9%)
Last: 1/20/2026, 8:00:01 PM
Fundamental Rating

5

AVNW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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.
  • In the past 5 years AVNW has always been profitable.
  • 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 Return On Assets of 2.08%. This is in the better half of the industry: AVNW outperforms 62.50% of its industry peers.
  • AVNW has a better Return On Equity (5.08%) than 66.67% of its industry peers.
  • AVNW has a Return On Invested Capital of 7.17%. This is in the better half of the industry: AVNW outperforms 75.00% 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 12.15%.
  • The last Return On Invested Capital (7.17%) for AVNW is above the 3 year average (6.30%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.08%
ROE 5.08%
ROIC 7.17%
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 2.95%. This is in the better half of the industry: AVNW outperforms 64.58% of its industry peers.
  • AVNW's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 7.71%, AVNW is in the better half of the industry, outperforming 72.92% of the companies in the same industry.
  • AVNW's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 34.25%, AVNW is not doing good in the industry: 62.50% 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 7.71%
PM (TTM) 2.95%
GM 34.25%
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.
  • 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 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 0.46. This is a bad value and indicates that AVNW is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.46, AVNW is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
  • AVNW has a debt to FCF ratio of 8.97. This is a slightly negative value and a sign of low solvency as AVNW would need 8.97 years to pay back of all of its debts.
  • AVNW has a Debt to FCF ratio (8.97) which is in line with its industry peers.
  • AVNW has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
  • AVNW's Debt to Equity ratio of 0.39 is on the low side compared to the rest of the industry. AVNW is outperformed by 68.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 8.97
Altman-Z 0.46
ROIC/WACC0.71
WACC10.04%
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 1.84 indicates that AVNW should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.84, AVNW perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
  • AVNW has a Quick Ratio of 1.51. 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 Quick ratio, with a value of 1.51, AVNW is in line with its industry, outperforming 45.83% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.84
Quick Ratio 1.51
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. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 90.97% 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 quite strong growth in Revenue. The Revenue has grown by 10.89% 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)90.97%
EPS 3Y-15.18%
EPS 5Y17.38%
EPS Q2Q%149.43%
Revenue 1Y (TTM)10.89%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%21.36%

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.
  • 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 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.
  • 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. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.12, the valuation of AVNW can be described as very cheap.
  • Based on the Price/Earnings ratio, AVNW is valued cheaper than 97.92% of the companies in the same industry.
  • AVNW is valuated cheaply when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 6.68 indicates a rather cheap valuation of AVNW.
  • Based on the Price/Forward Earnings ratio, AVNW is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • AVNW is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.94, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.12
Fwd PE 6.68
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 89.58% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, AVNW is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 22.8
EV/EBITDA 7.37
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.
  • AVNW's earnings are expected to decrease with -41.85% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.14
PEG (5Y)0.41
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 (1/20/2026, 8:00:01 PM)

21.07

-1.32 (-5.9%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)11-04
Earnings (Next)02-02
Inst Owners79.12%
Inst Owner Change0%
Ins Owners3.55%
Ins Owner Change3.34%
Market Cap270.54M
Revenue(TTM)453.50M
Net Income(TTM)13.38M
Analysts81.54
Price Target35.85 (70.15%)
Short Float %4.77%
Short Ratio5.2
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)53.89%
Min EPS beat(2)33.41%
Max EPS beat(2)74.37%
EPS beat(4)4
Avg EPS beat(4)1560.62%
Min EPS beat(4)33.41%
Max EPS beat(4)5930.92%
EPS beat(8)7
Avg EPS beat(8)422.85%
EPS beat(12)9
Avg EPS beat(12)283.85%
EPS beat(16)12
Avg EPS beat(16)214.96%
Revenue beat(2)1
Avg Revenue beat(2)0.57%
Min Revenue beat(2)-1.39%
Max Revenue beat(2)2.52%
Revenue beat(4)3
Avg Revenue beat(4)4.59%
Min Revenue beat(4)-1.39%
Max Revenue beat(4)11.87%
Revenue beat(8)5
Avg Revenue beat(8)1.25%
Revenue beat(12)7
Avg Revenue beat(12)0.81%
Revenue beat(16)9
Avg Revenue beat(16)0.82%
PT rev (1m)0%
PT rev (3m)2.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-23.4%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.02%
Valuation
Industry RankSector Rank
PE 7.12
Fwd PE 6.68
P/S 0.6
P/FCF 22.8
P/OCF 12.8
P/B 1.03
P/tB 1.24
EV/EBITDA 7.37
EPS(TTM)2.96
EY14.05%
EPS(NY)3.15
Fwd EY14.97%
FCF(TTM)0.92
FCFY4.39%
OCF(TTM)1.65
OCFY7.82%
SpS35.32
BVpS20.53
TBVpS17
PEG (NY)0.14
PEG (5Y)0.41
Graham Number36.98
Profitability
Industry RankSector Rank
ROA 2.08%
ROE 5.08%
ROCE 9.07%
ROIC 7.17%
ROICexc 8.62%
ROICexgc 10.04%
OM 7.71%
PM (TTM) 2.95%
GM 34.25%
FCFM 2.62%
ROA(3y)1.79%
ROA(5y)9.78%
ROE(3y)3.31%
ROE(5y)16.1%
ROIC(3y)6.3%
ROIC(5y)7.79%
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-Score8
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 8.97
Debt/EBITDA 2.41
Cap/Depr 125.4%
Cap/Sales 2.05%
Interest Coverage 250
Cash Conversion 49.94%
Profit Quality 88.69%
Current Ratio 1.84
Quick Ratio 1.51
Altman-Z 0.46
F-Score8
WACC10.04%
ROIC/WACC0.71
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)90.97%
EPS 3Y-15.18%
EPS 5Y17.38%
EPS Q2Q%149.43%
EPS Next Y51.46%
EPS Next 2Y37.85%
EPS Next 3Y-41.85%
EPS Next 5YN/A
Revenue 1Y (TTM)10.89%
Revenue growth 3Y12.78%
Revenue growth 5Y12.74%
Sales Q2Q%21.36%
Revenue Next Year3.78%
Revenue Next 2Y5.27%
Revenue Next 3Y7.18%
Revenue Next 5Y6.28%
EBIT growth 1Y2215.64%
EBIT growth 3Y-21.12%
EBIT growth 5Y13.9%
EBIT Next Year80.18%
EBIT Next 3Y40.79%
EBIT Next 5Y29.05%
FCF growth 1Y-9.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.37%
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 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.


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.