Airgain
Market Cap
US$101.2m
Last Updated
2019/11/17 00:39 UTC
Data Sources
Company Financials +
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
Fundamentals
Flawless balance sheet with questionable track record.
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: AIRG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-8.4%
AIRG
-0.4%
US Electronic
0.7%
US Market
1 Year Return
-18.5%
AIRG
18.0%
US Electronic
12.9%
US Market
Return vs Industry: AIRG underperformed the US Electronic industry which returned 18% over the past year.
Return vs Market: AIRG underperformed the US Market which returned 12.9% over the past year.
Shareholder returns
| AIRG | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.4% | -0.4% | 0.7% |
| 30 Day | -2.8% | 4.8% | 4.4% |
| 90 Day | -11.5% | 14.5% | 7.0% |
| 1 Year | -18.5%-18.5% | 19.3%18.0% | 15.4%12.9% |
| 3 Year | -58.2%-58.2% | 51.4%47.2% | 49.1%39.5% |
| 5 Year | n/a | 81.6%72.7% | 62.7%44.7% |
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
1 week ago | Simply Wall St
Airgain, Inc. Consensus Forecasts Have Become A Little Darker Since Its Latest Report3 weeks ago | Simply Wall St
Estimating The Intrinsic Value Of Airgain, Inc. (NASDAQ:AIRG)1 month ago | Simply Wall St
Does Airgain, Inc. (NASDAQ:AIRG) Have A Particularly Volatile Share Price?Valuation
Is Airgain undervalued compared to its fair value and its price relative to the market?
47.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AIRG ($10.44) is trading above our estimate of fair value ($0.97)
Significantly Below Fair Value: AIRG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AIRG is poor value based on its PE Ratio (47.2x) compared to the Electronic industry average (20.8x).
PE vs Market: AIRG is poor value based on its PE Ratio (47.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: AIRG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AIRG is overvalued based on its PB Ratio (2.1x) compared to the US Electronic industry average (2.1x).
Next Steps
Future Growth
How is Airgain forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-85.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIRG's earnings are forecast to decline over the next 3 years (-85.8% per year).
Earnings vs Market: AIRG's earnings are forecast to decline over the next 3 years (-85.8% per year).
High Growth Earnings: AIRG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AIRG's revenue (5.4% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: AIRG's revenue (5.4% 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 AIRG'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?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIRG has large one-off items impacting its financial results.
Growing Profit Margin: AIRG's current net profit margins (3.6%) are higher than last year (-5.7%).
Past Earnings Growth Analysis
Earnings Trend: AIRG's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: AIRG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AIRG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (56.3%).
Return on Equity
High ROE: AIRG's Return on Equity (4.5%) 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: AIRG's short term assets ($45.1M) exceeds its short term liabilities ($7.4M)
Long Term Liabilities: AIRG's short term assets (45.1M) exceeds its long term liabilities (84.0K)
Debt to Equity History and Analysis
Debt Level: AIRG is debt free.
Reducing Debt: AIRG has no debt compared to 5 years ago when its debt to equity ratio was 19%.
Debt Coverage: AIRG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AIRG has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: AIRG has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AIRG's debt is covered by short term assets.
Next Steps
Dividend
What is Airgain's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate AIRG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AIRG'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 AIRG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AIRG'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 AIRG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Airgain's salary, the management and board of directors tenure and is there insider trading?
1.7yrs
Average management tenure
CEO
Jacob Suen (45yo)
0.3yrs
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 US market ($USD508.62K).
Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.7yrs
Average Tenure
54yo
Average Age
Experienced Management: AIRG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Age and Tenure
8.9yrs
Average Tenure
59yo
Average Age
Experienced Board: AIRG's board of directors are considered experienced (8.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,508 |
| Max Price | US$13.04 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 10,000 |
| Max Price | US$12.73 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Alexis Waadt
Director of Investor Relations
- Tenure: 2.7yrs
Dallas Wu
Head of Asian Sales & Technical Support Services
- Tenure: 0yrs
Jacob Suen (45yo)
President
- Tenure: 0.3yrs
- Compensation: US$934.71k
Anil Doradla (50yo)
CFO & Secretary
- Tenure: 1.8yrs
- Compensation: US$830.14k
Leo Johnson (64yo)
- Tenure: 1.7yrs
- Compensation: US$581.90k
Jules Cassano
Director of Marketing
- Tenure: 0yrs
Kevin Thill (58yo)
Senior Vice President of Engineering
- Tenure: 0.8yrs
Board Members
Thomas Munro (62yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$109.52k
Art Toscanini (76yo)
Independent Director
- Tenure: 14.8yrs
- Compensation: US$114.10k
James Sims (72yo)
Chairman of the Board
- Tenure: 16yrs
- Compensation: US$1.42m
Jacob Suen (45yo)
President
- Tenure: 0.3yrs
- Compensation: US$934.71k
Joan Gillman (56yo)
Independent Director
- Tenure: 3yrs
- Compensation: US$109.52k
TJ Chung (55yo)
Independent Director
- Tenure: 1.1yrs
- Compensation: US$105.94k
Company Information
Airgain, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Airgain, Inc.
- Ticker: AIRG
- Exchange: NasdaqCM
- Founded: 1995
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$101.237m
- Shares outstanding: 9.70m
- Website: https://www.airgain.com
Number of Employees
Location
- Airgain, Inc.
- 3611 Valley Centre Drive
- Suite 150
- San Diego
- California
- 92130
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AIRG | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Aug 2016 |
| 6LV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 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. It ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/17 00:39 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.