AVIAT NETWORKS INC (AVNW) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:AVNW • US05366Y2019

26.25 USD
+0.08 (+0.31%)
Last: Feb 10, 2026, 02:45 PM
Fundamental Rating

4

Taking everything into account, AVNW scores 4 out of 10 in our fundamental rating. AVNW was compared to 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on AVNW.


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.
  • Looking at the Return On Equity, with a value of 5.08%, AVNW is in the better half of the industry, outperforming 64.58% of the companies in the same industry.
  • AVNW has a better Return On Invested Capital (7.17%) than 75.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AVNW is significantly below the industry average of 11.74%.
  • The 3 year average ROIC (6.30%) for AVNW is below the current ROIC(7.17%), indicating increased profibility in the last year.
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

  • The Profit Margin of AVNW (2.95%) is better than 62.50% of its industry peers.
  • In the last couple of years the Profit Margin of AVNW has grown nicely.
  • AVNW's Operating Margin of 7.71% is fine compared to the rest of the industry. AVNW outperforms 72.92% of its industry peers.
  • AVNW's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 34.25%, AVNW is doing worse than 64.58% of the companies in the same industry.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVNW is destroying value.
  • The number of shares outstanding for AVNW has been increased compared to 1 year ago.
  • 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 0.56. 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 8.97, which is on the high side as it means it would take AVNW, 8.97 years of fcf income to pay off all of its debts.
  • AVNW's Debt to FCF ratio of 8.97 is in line compared to the rest of the industry. AVNW outperforms 47.92% of 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.
  • With a Debt to Equity ratio value of 0.39, AVNW is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.39
Debt/FCF 8.97
Altman-Z 0.56
ROIC/WACC0.73
WACC9.87%
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 1.84. 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 Current ratio, with a value of 1.84, AVNW is in line with its industry, 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.
  • AVNW has a Quick ratio of 1.51. This is comparable to the rest of the industry: AVNW outperforms 47.92% of its industry peers.
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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 91.43% over the past year.
  • 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.
  • The Revenue has been growing slightly by 6.50% 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)6.5%
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.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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

  • Based on the Price/Earnings ratio of 9.79, the valuation of AVNW can be described as reasonable.
  • Based on the Price/Earnings ratio, AVNW is valued cheaply inside the industry as 95.83% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, AVNW is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 8.32, the valuation of AVNW can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, AVNW is valued cheaper than 97.92% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.86. AVNW is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.79
Fwd PE 8.32
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

  • 83.33% of the companies in the same industry are more expensive than AVNW, based on the Enterprise Value to EBITDA ratio.
  • 62.50% 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 28.4
EV/EBITDA 8.92
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 (2/10/2026, 2:45:57 PM)

26.25

+0.08 (+0.31%)

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 Cap337.05M
Revenue(TTM)434.61M
Net Income(TTM)13.38M
Analysts81.54
Price Target35.85 (36.57%)
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)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)-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 9.79
Fwd PE 8.32
P/S 0.74
P/FCF 28.4
P/OCF 15.94
P/B 1.28
P/tB 1.54
EV/EBITDA 8.92
EPS(TTM)2.68
EY10.21%
EPS(NY)3.15
Fwd EY12.02%
FCF(TTM)0.92
FCFY3.52%
OCF(TTM)1.65
OCFY6.27%
SpS35.32
BVpS20.53
TBVpS17
PEG (NY)0.19
PEG (5Y)0.56
Graham Number35.19
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 0.56
F-Score8
WACC9.87%
ROIC/WACC0.73
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)6.5%
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 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 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.