Airgain
Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. The last earnings update was 32 days ago. More info.
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- Airgain has significant price volatility in the past 3 months.
AIRG Share Price and Events
7 Day Returns
1 Year Returns
AIRG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Airgain (AIRG) | -5.8% | 7.1% | 22.4% | 41.3% | - | - |
| US Electronic | 3% | 2.3% | 17.7% | -1% | 59.1% | 59.1% |
| US Market | 2.9% | 2.5% | 10% | 1.4% | 38.3% | 42% |
1 Year Return vs Industry and Market
- AIRG outperformed the Electronic industry which returned -1% over the past year.
- AIRG outperformed the Market in United States of America which returned 1.4% over the past year.
AIRG Value
Is Airgain undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Airgain
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Airgain.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (0%)) |
1.048 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.05 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.048 * 5.96%) |
8.97% |
Discounted Cash Flow Calculation for NasdaqCM:AIRG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Airgain is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.97%) |
|
|---|---|---|---|
| 2019 | 2.40 | Analyst x1 | 2.20 |
| 2020 | 4.50 | Analyst x1 | 3.79 |
| 2021 | 6.40 | Analyst x1 | 4.95 |
| 2022 | 8.02 | Est @ 25.24% | 5.68 |
| 2023 | 9.50 | Est @ 18.49% | 6.18 |
| 2024 | 10.80 | Est @ 13.76% | 6.45 |
| 2025 | 11.93 | Est @ 10.45% | 6.54 |
| 2026 | 12.90 | Est @ 8.13% | 6.49 |
| 2027 | 13.74 | Est @ 6.51% | 6.34 |
| 2028 | 14.48 | Est @ 5.38% | 6.13 |
| Present value of next 10 years cash flows | $54.75 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $14.48 × (1 + 2.73%) ÷ (8.97% – 2.73%) |
$238.26 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $238.26 ÷ (1 + 8.97%)10 |
$100.88 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $54.75 + $100.88 |
$155.63 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $155.63 / 9.60 |
$16.21 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $16.21 |
| Current discount | Discount to share price of
$12.72
= -1 x ($12.72 - $16.21) / $16.21 |
21.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Airgain's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Airgain's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Airgain's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Airgain's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-0.27 |
| NasdaqCM:AIRG Share Price ** | NasdaqCM (2019-03-15) in USD | $12.72 |
| United States of America Electronic Industry PE Ratio | Median Figure of 92 Publicly-Listed Electronic Companies | 19.59x |
| United States of America Market PE Ratio | Median Figure of 3,054 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Airgain.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:AIRG Share Price ÷ EPS (both in USD) = 12.72 ÷ -0.27 |
-46.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Airgain is loss making, we can't compare its value to the US Electronic industry average.
- Airgain is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Airgain's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -46.86x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
89.7%per year |
| United States of America Electronic Industry PEG Ratio | Median Figure of 60 Publicly-Listed Electronic Companies | 1.38x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Airgain, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Airgain's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $4.70 |
| NasdaqCM:AIRG Share Price * | NasdaqCM (2019-03-15) in USD | $12.72 |
| United States of America Electronic Industry PB Ratio | Median Figure of 151 Publicly-Listed Electronic Companies | 2.11x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:AIRG Share Price ÷ Book Value per Share (both in USD) = 12.72 ÷ 4.70 |
2.71x |
* Primary Listing of Airgain.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Airgain is overvalued based on assets compared to the US Electronic industry average.
Value checks
We assess Airgain's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) Airgain has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
AIRG Future Performance
How is Airgain expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Airgain's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Airgain's earnings growth is expected to exceed the United States of America market average.
- Airgain's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:AIRG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 89.7% |
| NasdaqCM:AIRG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 12.8% |
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 17% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 91 | 7 | 5 | 1 |
| 2020-12-31 | 79 | 5 | 3 | 4 |
| 2019-12-31 | 68 | 3 | 1 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 61 | 1 | -3 |
| 2018-09-30 | 57 | -1 | -3 |
| 2018-06-30 | 54 | 0 | -3 |
| 2018-03-31 | 52 | 1 | 0 |
| 2017-12-31 | 50 | 0 | 1 |
| 2017-09-30 | 49 | 2 | 2 |
| 2017-06-30 | 49 | 2 | 2 |
| 2017-03-31 | 46 | 2 | 3 |
| 2016-12-31 | 43 | 5 | 2 |
| 2016-09-30 | 40 | 4 | 0 |
| 2016-06-30 | 34 | 3 | -1 |
| 2016-03-31 | 31 | 2 | -3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Airgain Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.46 | 0.46 | 0.46 | 1.00 |
| 2020-12-31 | 0.26 | 0.28 | 0.24 | 4.00 |
| 2019-12-31 | 0.11 | 0.16 | 0.05 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.27 |
| 2018-09-30 | -0.34 |
| 2018-06-30 | -0.37 |
| 2018-03-31 | -0.04 |
| 2017-12-31 | 0.12 |
| 2017-09-30 | 0.18 |
| 2017-06-30 | 0.29 |
| 2017-03-31 | 0.55 |
| 2016-12-31 | 0.65 |
| 2016-09-30 | 0.28 |
| 2016-06-30 | -1.53 |
| 2016-03-31 | -3.81 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Airgain will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Airgain's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Airgain has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
AIRG Past Performance
How has Airgain performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Airgain does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Airgain's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Airgain's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
All data from Airgain Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 60.63 | -2.58 | 18.62 | 9.32 |
| 2018-09-30 | 56.87 | -3.27 | 18.61 | 8.97 |
| 2018-06-30 | 53.53 | -3.47 | 19.04 | 8.59 |
| 2018-03-31 | 51.57 | -0.35 | 16.84 | 7.99 |
| 2017-12-31 | 49.52 | 1.14 | 15.01 | 7.32 |
| 2017-09-30 | 49.34 | 1.65 | 14.22 | 7.04 |
| 2017-06-30 | 49.33 | 2.28 | 12.63 | 6.37 |
| 2017-03-31 | 46.17 | 3.05 | 11.23 | 5.90 |
| 2016-12-31 | 43.43 | 2.20 | 10.20 | 5.62 |
| 2016-09-30 | 40.14 | 0.44 | 9.64 | 5.25 |
| 2016-06-30 | 34.37 | -1.04 | 8.50 | 4.90 |
| 2016-03-31 | 30.57 | -2.52 | 7.93 | 4.61 |
| 2015-12-31 | 27.79 | -2.72 | 7.49 | 4.26 |
| 2015-06-30 | 24.18 | -2.49 | 6.32 | 3.72 |
| 2015-03-31 | 24.88 | -0.53 | 6.09 | 3.45 |
| 2014-12-31 | 25.51 | 1.16 | 6.49 | 3.31 |
| 2014-06-30 | 25.97 | 1.76 | 6.38 | 3.19 |
| 2014-03-31 | 26.61 | 0.34 | 6.16 | 3.12 |
| 2013-12-31 | 25.39 | -2.26 | 5.27 | 3.04 |
| 2012-12-31 | 18.20 | -3.22 | 4.09 | 2.48 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Airgain has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Airgain has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Airgain improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Airgain's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Airgain has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
AIRG Health
How is Airgain's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Airgain's finances.
The net worth of a company is the difference between its assets and liabilities.
- Airgain is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Airgain's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Airgain has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Airgain Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 45.15 | 0.00 | 33.79 |
| 2018-09-30 | 43.69 | 0.33 | 31.83 |
| 2018-06-30 | 43.04 | 0.67 | 32.08 |
| 2018-03-31 | 44.80 | 1.00 | 32.98 |
| 2017-12-31 | 46.22 | 1.33 | 36.31 |
| 2017-09-30 | 46.08 | 1.67 | 36.63 |
| 2017-06-30 | 46.03 | 2.00 | 36.58 |
| 2017-03-31 | 45.82 | 2.33 | 41.86 |
| 2016-12-31 | 45.03 | 2.72 | 45.16 |
| 2016-09-30 | 17.82 | 3.13 | 16.83 |
| 2016-06-30 | 5.58 | 3.54 | 5.26 |
| 2016-03-31 | 4.49 | 3.94 | 4.04 |
| 2015-12-31 | 4.40 | 4.35 | 5.34 |
| 2015-06-30 | |||
| 2015-03-31 | 3.86 | 0.62 | 3.59 |
| 2014-12-31 | 3.86 | 0.62 | 3.59 |
| 2014-06-30 | 3.35 | 0.75 | 3.82 |
| 2014-03-31 | 2.70 | 0.75 | 2.47 |
| 2013-12-31 | 2.67 | 0.25 | 2.79 |
| 2012-12-31 | 0.90 | 0.00 | 0.44 |
- Airgain has no debt.
- Airgain has no debt compared to 5 years ago when it was 9.6%.
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.
- Whilst loss making Airgain has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making Airgain has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
Financial health checks
We assess Airgain's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Airgain has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
AIRG Dividends
What is Airgain's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Airgain
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Airgain's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Airgain's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 38 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Airgain has not reported any payouts.
- Unable to verify if Airgain's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Airgain's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Airgain afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Airgain has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AIRG Management
CEO
| COMPENSATION | $108,456 |
| AGE | 71 |
| TENURE AS CEO | 0.8 years |
CEO Bio
Mr. James K. Sims, also known as Jim, has been an Interim Chief Executive Officer of Airgain, Inc. since May 2, 2018. He founded GEN3 Partners, Inc. in 1999 and serves as its Chairman and Chief Executive Officer since 1999. Mr. Sims Co-Founded Silicon Valley Data Science LLC in 2012 and serves as its Chairman and was the founding partner of Silicon Valley Data Capital since 2017. He is employed at GEN3 Capital and GEN3 Capital I, L.P. He is Managing Partner of GEN3 Capital, LP since 2005. Prior to CTP, Mr. Sims Founded Concurrent Computer Corp. and served as its Chairman, President and Chief Executive Officer. He served as the Chief Executive Officer at GEN3 Capital and GEN3 Partners, Inc. Mr. Sims has a stellar track record in building market leading professional services and technology firms. He founded Cambridge Technology Partners Inc. in 1991. He served as President and Chief Executive Officer of Novell Cambridge Technology Partners. He served as Interim Chief Executive Officer of Airgain, Inc. Mr. Sims and CTP, a consulting and systems Integration Company based in Cambridge, Massachusetts, pioneered the approach of guaranteeing companies and government agencies the development of computer systems on a fixed-price and fixed-time basis. He left CTP in 1999 and launched GEN3 with Mr. Treacy in December 1999. Two years later, CTP was purchased by Novell Inc. Mr. Sims serves as Non-Executive Chairman of Groxis, Inc. Mr. Sims’ extensive experience as a director of numerous public and private companies, as well as has extensive experience as a founder and venture capital investor in the technology industry. Mr. Sims has been the Chairman of the Board of Airgain, Inc. since November 2003 and serves as its Director. He serves as Chairman of EPAY Systems, Inc (Formerly American E-Pay, Inc) and its director. He served as Chairman of Angiologix, Inc., GenXL, Inc and Leveler, LLC. He served as Non- Executive Chairman of The Board at RSA Security LLC since July 01, 2003 and served as its Vice Chairman from October 2002 to July 01, 2003. He served as Chairman of the Board at Specialists On Call, Inc. He serves as a Director of Clare, Inc, Connections 365, Inc. and BrightVolt, Inc. He has been a Director HP Enterprise Services, LLC since September 8, 2006. He serves as a Trustee of Citi Performing Arts Center. He has served on the EDS Board of Directors. He served as a Director of Enterasys Networks, Inc and Novell Cambridge Technology Partners. since July 21, 2004. He served as a Director of IXYS Integrated Circuits Division Inc since March 1996. He served as Independent Director of RSA Security LLC since 1997, where he was the Chairman, and Electronic Data Systems Corporation. He served as Director of Thru, Inc. and BlackLight Power Inc. since March 10, 2008 and April 2009 respectively. Mr. Sims is also a Member of the Republican National Finance Committee and the Wang Center Finance Committee and is a Director of several private Boards. He holds BA from University of Southern California and the University of Richmond, England.
CEO Compensation
- James's compensation has increased whilst company is loss making.
- James's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Airgain management team in years:
- The average tenure for the Airgain management team is less than 2 years, this suggests a new team.
Management Team
James Sims
Chairman of the Board & Interim CEO
$108K
71
0.8 yrs
Jacob Suen
President
$662K
43
0.2 yrs
Leo Johnson
$582K
63
1 yrs
Anil Doradla
CFO & Secretary
49
1.1 yrs
Kathy Pearson
Vice President of Global Human Resources & Administration
0.2 yrs
Alexis Waadt
Director of Investor Relations
2 yrs
Jules Cassano
Director of Marketing
Dallas Wu
Head of Asian Sales & Technical Support Services
Kevin Thill
Senior Vice President of Engineering
0.2 yrs
Board of Directors Tenure
Average tenure and age of the Airgain board of directors in years:
- The average tenure for the Airgain board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
James Sims
Chairman of the Board & Interim CEO
$108K
71
15.3 yrs
Thomas Munro
Independent Director
$73K
61
15.2 yrs
Art Toscanini
Independent Director
$72K
75
14.2 yrs
Frances Kordyback
Independent Director
$63K
64
13.3 yrs
Joan Gillman
Independent Director
$56K
55
2.3 yrs
TJ Chung
Director
0.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Mar 19 | Sell | Arthur Toscanini | Individual | 15. Mar 19 | 15. Mar 19 | -1,508 | $13.04 | $-19,658 | ||
| 01. Mar 19 | Sell | Jacob Suen | Individual | 27. Feb 19 | 27. Feb 19 | -10,000 | $12.73 | $-127,302 | ||
| 14. May 18 | Buy | Jacob Suen | Individual | 11. May 18 | 11. May 18 | 10,000 | $8.20 | $82,000 | ||
| 10. May 18 | Buy | Anil Doradla | Individual | 10. May 18 | 10. May 18 | 5,000 | $8.19 | $40,950 | ||
Management checks
We assess Airgain's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Airgain has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
AIRG News
Simply Wall St News
One Thing To Remember About The Airgain, Inc. (NASDAQ:AIRG) Share Price
(NASDAQ:AIRG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleAirgain, Inc. (NASDAQ:AIRG) Investors Are Paying Above The Intrinsic Value
I am going to run you through how I calculated the intrinsic value of Airgain, Inc. … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
Simply Wall St - – Full articleShould You Think About Buying Airgain, Inc. (NASDAQ:AIRG) Now?
received a lot of attention from a substantial price movement on the NASDAQCM over the last few months, increasing to $13.99 at one point, and dropping to the lows of $9.37. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Airgain's current trading price of $10.21 reflective of the actual value of the?
Simply Wall St - – Full articleRead This Before Selling Airgain, Inc. (NASDAQ:AIRG) Shares
In the last twelve months, the biggest single purchase by an insider was when Senior Vice President of Worldwide Sales Jacob Suen bought US$82k worth of shares at a price of US$8.20 per share. … The insider buying may not tell us much about how insiders feel about the current share price. … We don't deny that it is nice to see insiders buying stock in the company
Simply Wall St - – Full articleBefore You Buy Airgain, Inc. (NASDAQ:AIRG), Consider Its Volatility
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.
Simply Wall St - – Full articleDo Institutions Own Airgain Inc (NASDAQ:AIRG) Shares?
Generally speaking, as a company grows, institutions will increase their ownership. … Airgain is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleWhat You Must Know About Airgain Inc's (NASDAQ:AIRG) Major Investors
In this article, I'm going to take a look at Airgain Inc’s (NASDAQ:AIRG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.
Simply Wall St - – Full articleIs It Time To Sell Airgain Inc (NASDAQ:AIRG) Based Off Its PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for AIRG Price per share = $7.95 Earnings per share = $0.12 ∴ Price-Earnings Ratio = $7.95 ÷ $0.12 = 66.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with AIRG, then investors would naturally value AIRG at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with AIRG, investors would also value AIRG at a higher price since it is a higher growth investment.
Simply Wall St - – Full articleIs Airgain Inc (NASDAQ:AIRG) A Financially Sound Company?
On top of this, AIRG has produced cash from operations of US$4.67M over the same time period, resulting in an operating cash to total debt ratio of 171.55%, indicating that AIRG’s operating cash is sufficient to cover its debt. … In AIRG’s case, it is able to generate 1.72x cash from its debt capital. … Next Steps: AIRG’s high cash coverage and low debt levels indicate its ability to utilise its borrowings efficiently in order to generate ample cash flow.
Simply Wall St - – Full articleAn Intrinsic Value Calculation For Airgain Inc (NASDAQ:AIRG) Shows It's 37.35% Undervalued
In this article I am going to calculate the intrinsic value of Airgain Inc (NASDAQ:AIRG) by estimating the company's future cash flows and discounting them to their present value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $4.00 $7.30 $8.61 $10.08 $11.69 Source Analyst x1 Analyst x1 Extrapolated @ (18%, capped from 20.01%) Extrapolated @ (17%, capped from 20.01%) Extrapolated @ (16%, capped from 20.01%) Present Value Discounted @ 9.22% $3.66 $6.12 $6.61 $7.08 $7.52 Present Value of 5-year Cash Flow (PVCF)= $31 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $12 × (1 + 2.5%) ÷ (9.2% – 2.5%) = $178 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $178 / ( 1 + 9.2%)5 = $114 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $145.
Simply Wall St - – Full articleAIRG Company Info
Description
Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers 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 home, enterprise, automotive, and Internet of Things. As of December 31, 2017, it had 131 issued patents in the United States, 23 companion patents outside the United States, and 81 patent applications on file. 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.
Details
| Name: | Airgain, Inc. |
| AIRG | |
| Exchange: | NasdaqCM |
| Founded: | 1995 |
| $122,146,305 | |
| 9,602,697 | |
| Website: | http://www.airgain.com |
| Address: |
Airgain, Inc. 3611 Valley Centre Drive, Suite 150, San Diego, California, 92130, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | AIRG | Common Stock | Nasdaq Capital Market | US | USD | 12. Aug 2016 | |
| DB | 6LV | Common Stock | Deutsche Boerse AG | DE | EUR | 12. Aug 2016 |
Number of employees
Current staff
Industry
| Electronic Components | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 00:42 |
| End of day share price update: | 2019/03/15 00:00 |
| Last estimates confirmation: | 2019/02/15 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
