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Aviat Networks Inc
NASDAQ:AVNW

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Aviat Networks Inc Logo
Aviat Networks Inc
NASDAQ:AVNW
Watchlist
Price: 38.29 USD 2.46% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless network products and solutions. [ Read More ]

The intrinsic value of one AVNW stock under the Base Case scenario is 36.74 USD. Compared to the current market price of 38.29 USD, Aviat Networks Inc is Overvalued by 4%.

Key Points:
AVNW Intrinsic Value
Base Case
36.74 USD
Overvaluation 4%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Aviat Networks Inc

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Fundamental Analysis

Aviat Raises FY2024 Revenue and EBITDA Guidance
2024-Q2 Earnings Call

Aviat Raises FY2024 Revenue and EBITDA Guidance

Aviat Networks reported a 4.8% year-on-year revenue increase to $95.0 million for Q2, with North America seeing a slight dip due to public safety project timings while international revenue grew 13.1%. Their gross margins improved due to higher software sales and cost management. Operating expenses rose, primarily due to increased R&D investments. The company's net income dropped to $2.9 million from $6.0 million, largely due to M&A costs, but non-GAAP net income grew by 7.3%. Aviat has raised its FY2024 revenue guidance to $425-$432 million and adjusted EBITDA to $51-$56 million.

Financials

Balance Sheet Decomposition
Aviat Networks Inc

Current Assets 367m
Cash & Short-Term Investments 45.9m
Receivables 227.1m
Other Current Assets 94m
Non-Current Assets 133.1m
PP&E 12.5m
Intangibles 21.4m
Other Non-Current Assets 99.2m
Current Liabilities 183.7m
Accounts Payable 67.4m
Accrued Liabilities 27.7m
Other Current Liabilities 88.6m
Non-Current Liabilities 62.5m
Long-Term Debt 47.2m
Other Non-Current Liabilities 15.3m
Efficiency

Earnings Waterfall
Aviat Networks Inc

Revenue
357.3m USD
Cost of Revenue
-226.1m USD
Gross Profit
131.2m USD
Operating Expenses
-104.1m USD
Operating Income
27.1m USD
Other Expenses
-12m USD
Net Income
15.1m USD

Free Cash Flow Analysis
Aviat Networks Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

AVNW Profitability Score
Profitability Due Diligence

Aviat Networks Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Exceptional 3-Year Average ROIC
Positive Gross Profit
Positive 3-Years Revenue Growth
57/100
Profitability
Score

Aviat Networks Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

AVNW Solvency Score
Solvency Due Diligence

Aviat Networks Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
53/100
Solvency
Score

Aviat Networks Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

AVNW Price Targets Summary
Aviat Networks Inc

Wall Street analysts forecast AVNW stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for AVNW is 57.12 USD with a low forecast of 50.5 USD and a high forecast of 63 USD.

Lowest
Price Target
50.5 USD
32% Upside
Average
Price Target
57.12 USD
49% Upside
Highest
Price Target
63 USD
65% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

AVNW Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

AVNW Price
Aviat Networks Inc

1M 1M
+9%
6M 6M
+24%
1Y 1Y
+12%
3Y 3Y
+17%
5Y 5Y
+462%
10Y 10Y
+294%
Annual Price Range
38.29
52w Low
25.33
52w High
38.29
Price Metrics
Average Annual Return 57.72%
Standard Deviation of Annual Returns 71.49%
Max Drawdown -52%
Shares Statistics
Market Capitalization 471m USD
Shares Outstanding 12 547 300
Percentage of Shares Shorted 4.61%

AVNW Return Decomposition
Main factors of price return

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Company Profile

Aviat Networks Inc Logo
Aviat Networks Inc

Country

United States of America

Industry

Communications

Market Cap

471m USD

Dividend Yield

0%

Description

Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless network products and solutions. The company is headquartered in Austin, Texas and currently employs 661 full-time employees. The firm designs, manufactures, and sells a range of wireless networking solutions and services to mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, and broadcast system operators across the globe. The firm's products utilize microwave and millimeter wave technologies to create point to point wireless links for short, medium, and long-distance interconnections. Its products incorporate Ethernet switching and Internet protocol (IP) routing capabilities optimized for a microwave and millimeter wave environment and for hybrid applications of microwave and optical fiber transport, to form complete networking solutions. The firm provides software tools and applications to enable deployment, monitoring, network management and optimization of its systems as well as to automate network design and procurement.

Contact

TEXAS
Austin
200 Parker Dr Ste C100A
+14089417100.0
https://aviatnetworks.com/

IPO

1987-05-19

Employees

661

Officers

President, CEO & Director
Mr. Peter A. Smith Ph.D.
Senior VP & CFO
Mr. David M. Gray
General Counsel, VP of Legal Affairs & Secretary
Ms. Erin R. Boase
Vice President of Marketing & Product Line Management
Mr. Gary G. Croke
Vice President of Global Operations & Supply Chain
Ms. Christy Cornet
Director of Corporate Development & Investor Relations
Andrew Fredrickson
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Chief Human Resources Officer
Ms. Spencer Stoakley
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See Also

Discover More
What is the Intrinsic Value of one AVNW stock?

The intrinsic value of one AVNW stock under the Base Case scenario is 36.74 USD.

Is AVNW stock undervalued or overvalued?

Compared to the current market price of 38.29 USD, Aviat Networks Inc is Overvalued by 4%.