Loading...

Airgain

Nasdaq:AIRG
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AIRG
Nasdaq
$122M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

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.


Add to Portfolio Compare Print
  • Airgain has significant price volatility in the past 3 months.
AIRG Share Price and Events
7 Day Returns
-5.8%
NasdaqCM:AIRG
3%
US Electronic
2.9%
US Market
1 Year Returns
41.3%
NasdaqCM:AIRG
-1%
US Electronic
1.4%
US Market
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.
Price Volatility
AIRG
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Airgain.

NasdaqCM:AIRG Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:AIRG
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.

NasdaqCM:AIRG DCF 1st Stage: Next 10 year cash flow forecast
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
NasdaqCM:AIRG DCF 2nd Stage: Terminal Value
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
NasdaqCM:AIRG Total Equity Value
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
NasdaqCM:AIRG Discount to Share Price
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
Amount off the current price Airgain is available for.
Intrinsic value
22%
Share price is $12.72 vs Future cash flow value of $16.21
Current Discount Checks
For Airgain to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NasdaqCM:AIRG PE (Price to Earnings) Ratio Data Sources
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.

NasdaqCM:AIRG PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NasdaqCM:AIRG PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
NasdaqCM:AIRG PB (Price to Book) Ratio Data Sources
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
NasdaqCM:AIRG PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Airgain's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
89.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Airgain expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqCM:AIRG Future Growth Rates Data Sources
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
Raw Data
NasdaqCM:AIRG Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:AIRG Future Estimates Data
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
NasdaqCM:AIRG Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Airgain's earnings are expected to grow significantly at over 20% yearly.
  • Airgain's revenue is expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:AIRG 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.

NasdaqCM:AIRG Future Estimates Data
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
NasdaqCM:AIRG Past Financials Data
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.
X
Future performance checks
We assess Airgain's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Airgain's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Airgain's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Airgain Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:AIRG Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Airgain's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Airgain's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Airgain Company Filings, last reported 2 months ago.

NasdaqCM:AIRG Past Debt and Equity Data
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.
X
Financial health checks
We assess Airgain's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Airgain has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Airgain dividends.
If you bought $2,000 of Airgain shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqCM:AIRG Annualized Past and Future Dividends
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.

NasdaqCM:AIRG Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Airgain's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Airgain has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Airgain's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Airgain's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Sims
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:

0.8
Average Tenure
56
Average Age
  • The average tenure for the Airgain management team is less than 2 years, this suggests a new team.
Management Team

James Sims

TITLE
Chairman of the Board & Interim CEO
COMPENSATION
$108K
AGE
71
TENURE
0.8 yrs

Jacob Suen

TITLE
President
COMPENSATION
$662K
AGE
43
TENURE
0.2 yrs

Leo Johnson

TITLE
COMPENSATION
$582K
AGE
63
TENURE
1 yrs

Anil Doradla

TITLE
CFO & Secretary
AGE
49
TENURE
1.1 yrs

Kathy Pearson

TITLE
Vice President of Global Human Resources & Administration
TENURE
0.2 yrs

Alexis Waadt

TITLE
Director of Investor Relations
TENURE
2 yrs

Jules Cassano

TITLE
Director of Marketing

Dallas Wu

TITLE
Head of Asian Sales & Technical Support Services

Kevin Thill

TITLE
Senior Vice President of Engineering
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Airgain board of directors in years:

13.8
Average Tenure
64
Average Age
  • 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

TITLE
Chairman of the Board & Interim CEO
COMPENSATION
$108K
AGE
71
TENURE
15.3 yrs

Thomas Munro

TITLE
Independent Director
COMPENSATION
$73K
AGE
61
TENURE
15.2 yrs

Art Toscanini

TITLE
Independent Director
COMPENSATION
$72K
AGE
75
TENURE
14.2 yrs

Frances Kordyback

TITLE
Independent Director
COMPENSATION
$63K
AGE
64
TENURE
13.3 yrs

Joan Gillman

TITLE
Independent Director
COMPENSATION
$56K
AGE
55
TENURE
2.3 yrs

TJ Chung

TITLE
Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • Airgain insiders have only sold shares in the past 3 months.
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
X
Management checks
We assess Airgain's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Airgain, 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 -

Should 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 -

Read 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 -

Before 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 -

Do 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 -

What 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 -

Is 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 -

Is 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 -

An 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 -

AIRG 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
Staff numbers
92
Airgain employees.
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.