DB:6LV

Stock Analysis Report

Executive Summary

Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide.


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Airgain's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6LV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-11.4%

6LV

-8.8%

DE Electronic

-9.1%

DE Market


1 Year Return

-34.4%

6LV

-5.2%

DE Electronic

2.9%

DE Market

Return vs Industry: 6LV underperformed the German Electronic industry which returned -5.2% over the past year.

Return vs Market: 6LV underperformed the German Market which returned 2.9% over the past year.


Shareholder returns

6LVIndustryMarket
7 Day-11.4%-8.8%-9.1%
30 Day-15.5%2.0%-7.2%
90 Day-9.3%-0.5%-6.5%
1 Year-34.4%-34.4%-3.2%-5.2%6.1%2.9%
3 Yearn/a31.2%27.0%3.5%-5.6%
5 Yearn/a94.3%80.2%8.0%-6.8%

Price Volatility Vs. Market

How volatile is Airgain's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Airgain undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6LV (€7.75) is trading below our estimate of fair value (€18.71)

Significantly Below Fair Value: 6LV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6LV is poor value based on its PE Ratio (86x) compared to the Electronic industry average (24.9x).

PE vs Market: 6LV is poor value based on its PE Ratio (86x) compared to the German market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: 6LV is poor value based on its PEG Ratio (5.8x)


Price to Book Ratio

PB vs Industry: 6LV is good value based on its PB Ratio (1.7x) compared to the DE Electronic industry average (1.7x).


Next Steps

Future Growth

How is Airgain forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6LV's forecast earnings growth (14.7% per year) is above the savings rate (-0.4%).

Earnings vs Market: 6LV's earnings (14.7% per year) are forecast to grow faster than the German market (13.1% per year).

High Growth Earnings: 6LV's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6LV's revenue (6.5% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: 6LV's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 6LV's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Airgain performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6LV has high quality earnings.

Growing Profit Margin: 6LV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 6LV has become profitable over the past 5 years, growing earnings by 11.1% per year.

Accelerating Growth: 6LV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 6LV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: 6LV's Return on Equity (1.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Airgain's financial position?


Financial Position Analysis

Short Term Liabilities: 6LV's short term assets ($45.1M) exceed its short term liabilities ($6.8M).

Long Term Liabilities: 6LV's short term assets ($45.1M) exceed its long term liabilities ($63.0K).


Debt to Equity History and Analysis

Debt Level: 6LV is debt free.

Reducing Debt: 6LV has no debt compared to 5 years ago when its debt to equity ratio was 16%.


Balance Sheet

Inventory Level: 6LV has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 6LV's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 6LV is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 6LV is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Airgain's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 6LV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 6LV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6LV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6LV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6LV's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Jacob Suen (45yo)

0.5yrs

Tenure

US$934,706

Compensation

Mr. Jacob Suen has been President of Airgain, Inc. since January 16, 2019 and has been its Chief Executive Officer and Director since August 8, 2019. Mr. Suen is responsible for the strategic direction of  ...


CEO Compensation Analysis

Compensation vs Market: Jacob's total compensation ($USD934.71K) is above average for companies of similar size in the German market ($USD419.45K).

Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jacob Suen
President0.5yrsUS$934.71k0.10% $74.7k
David Lyle
Chief Financial Officer0.08yrsno datano data
Alexis Waadt
Director of Investor Relations2.9yrsno datano data
Jules Cassano
Director of Marketing0yrsno datano data
Dallas Wu
Head of Asian Sales & Technical Support Services0yrsno datano data
Kevin Thill
Senior Vice President of Engineering1.1yrsno datano data
Leonard Johnson
1.9yrsUS$581.90kno data

1.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 6LV's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jacob Suen
President0.5yrsUS$934.71k0.10% $74.7k
Thomas Munro
Independent Director16.1yrsUS$109.52k0.050% $36.1k
Arthur Toscanini
Independent Director15.1yrsUS$114.10k0.66% $478.3k
James Sims
Chairman of the Board16.3yrsUS$1.42m2.93% $2.1m
Joan Gillman
Independent Director3.3yrsUS$109.52k0.029% $21.2k
Tzau-Jin Chung
Independent Director1.3yrsUS$105.94kno data

9.2yrs

Average Tenure

59yo

Average Age

Experienced Board: 6LV's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Airgain, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Airgain, Inc.
  • Ticker: 6LV
  • Exchange: DB
  • Founded: 1995
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$79.578m
  • Listing Market Cap: US$72.360m
  • Shares outstanding: 9.68m
  • Website: https://www.airgain.com

Number of Employees


Location

  • Airgain, Inc.
  • 3611 Valley Centre Drive
  • Suite 150
  • San Diego
  • California
  • 92130
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIRGNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 2016
6LVDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2016

Biography

Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas. The company provides embedded antenna technologies to enable high performance wireless networking across a range of devices and markets, including consumer, enterprise, and automotive. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was founded in 1995 and is headquartered in San Diego, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 23:00
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.