AVIAT NETWORKS INC (AVNW) Stock Fundamental Analysis

NASDAQ:AVNW • US05366Y2019

24.68 USD
-0.04 (-0.16%)
At close: Feb 18, 2026
24.68 USD
0 (0%)
After Hours: 2/18/2026, 8:15:11 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. AVNW has a medium profitability rating, but doesn't score so well on its financial health evaluation. AVNW may be a bit undervalued, certainly considering the very reasonable score on growth


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

  • AVNW has a better Return On Assets (2.22%) than 64.58% of its industry peers.
  • AVNW's Return On Equity of 5.38% is fine compared to the rest of the industry. AVNW outperforms 64.58% of its industry peers.
  • AVNW has a better Return On Invested Capital (6.62%) than 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 11.27%.
  • 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

  • AVNW's Profit Margin of 3.27% is fine compared to the rest of the industry. AVNW outperforms 62.50% 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 72.92% of its industry peers.
  • In the last couple of years the Operating Margin of AVNW has remained more or less at the same level.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVNW 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 0.54. 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 (0.54) is worse than 62.50% 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.
  • With a Debt to FCF ratio value of 6.55, AVNW perfoms like the industry average, outperforming 54.17% of the companies in the same industry.
  • A Debt/Equity ratio of 0.37 indicates that AVNW is not too dependend on debt financing.
  • The Debt to Equity ratio of AVNW (0.37) is worse than 70.83% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 6.55
Altman-Z 0.54
ROIC/WACC0.67
WACC9.88%
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.
  • A Quick Ratio of 1.56 indicates that AVNW should not have too much problems paying its short term obligations.
  • AVNW has a Quick ratio of 1.56. This is comparable to the rest of the industry: AVNW outperforms 47.92% of 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

  • AVNW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 91.43%, which is quite impressive.
  • Measured over the past years, AVNW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.38% on average per year.
  • Looking at the last year, AVNW shows a small growth in Revenue. The Revenue has grown by 3.39% in the last year.
  • AVNW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.74% yearly.
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

  • AVNW is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -41.85% yearly.
  • The Revenue is expected to grow by 6.28% on average over the next years.
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

  • AVNW is valuated reasonably with a Price/Earnings ratio of 9.21.
  • AVNW's Price/Earnings ratio is rather cheap when compared to the industry. AVNW is cheaper than 95.83% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.27, AVNW is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.82 indicates a rather cheap 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.
  • The average S&P500 Price/Forward Earnings ratio is at 28.16. AVNW is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.21
Fwd PE 7.82
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

  • AVNW's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AVNW is cheaper than 85.42% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AVNW is valued a bit cheaper than the industry average as 72.92% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.8
EV/EBITDA 8.52
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.
  • A cheap valuation may be justified as AVNW's earnings are expected to decrease with -41.85% in the coming years.
PEG (NY)0.18
PEG (5Y)0.53
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 (2/18/2026, 8:15:11 PM)

After market: 24.68 0 (0%)

24.68

-0.04 (-0.16%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners79.12%
Inst Owner Change3.58%
Ins Owners3.55%
Ins Owner Change3.67%
Market Cap318.37M
Revenue(TTM)446.77M
Net Income(TTM)14.61M
Analysts81.54
Price Target35.85 (45.26%)
Short Float %5.08%
Short Ratio5.07
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)-27.1%
EPS NQ rev (3m)-28.16%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.25%
Revenue NQ rev (1m)-2.62%
Revenue NQ rev (3m)-2.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.02%
Valuation
Industry RankSector Rank
PE 9.21
Fwd PE 7.82
P/S 0.71
P/FCF 19.8
P/OCF 13.1
P/B 1.17
P/tB 1.4
EV/EBITDA 8.52
EPS(TTM)2.68
EY10.86%
EPS(NY)3.15
Fwd EY12.78%
FCF(TTM)1.25
FCFY5.05%
OCF(TTM)1.88
OCFY7.64%
SpS34.63
BVpS21.06
TBVpS17.59
PEG (NY)0.18
PEG (5Y)0.53
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 0.54
F-Score6
WACC9.88%
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.