NasdaqCM:AIRG

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

Fundamentals

Flawless balance sheet with reasonable growth potential.


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


Market Performance


7 Day Return

1.1%

AIRG

2.7%

US Electronic

0.5%

US Market


1 Year Return

-13.2%

AIRG

14.5%

US Electronic

6.8%

US Market

Return vs Industry: AIRG underperformed the US Electronic industry which returned 14.5% over the past year.

Return vs Market: AIRG underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

AIRGIndustryMarket
7 Day1.1%2.7%0.5%
30 Day-10.5%2.7%-0.8%
90 Day-14.5%3.0%-0.9%
1 Year-13.2%-13.2%15.7%14.5%9.2%6.8%
3 Year-25.6%-25.6%54.5%50.2%45.6%36.2%
5 Yearn/a87.5%78.5%63.2%45.4%

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

Valuation

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

12.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIRG ($10.74) is trading below our estimate of fair value ($12.3)

Significantly Below Fair Value: AIRG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AIRG is poor value based on its PE Ratio (38.1x) compared to the Electronic industry average (18.4x).

PE vs Market: AIRG is poor value based on its PE Ratio (38.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: AIRG is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: AIRG is overvalued based on its PB Ratio (2.2x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

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

31.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIRG's forecast earnings growth (31.8% per year) is above the savings rate (2.7%).

Earnings vs Market: AIRG's earnings (31.8% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIRG's revenue (9.7% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: AIRG's revenue (9.7% 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?

-5.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AIRG's earnings have declined by -5.6% 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 (59.6%).


Return on Equity

High ROE: AIRG's Return on Equity (5.7%) is considered low.


Return on Assets

ROA vs Industry: AIRG's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: AIRG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Airgain's financial position?


Financial Position Analysis

Short Term Liabilities: AIRG's short term assets ($46.0M) exceeds its short term liabilities ($8.0M)

Long Term Liabilities: AIRG's short term assets (46.0M) exceeds its long term liabilities (172.0K)


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 22.4%.

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

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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?

1.6yrs

Average management tenure


CEO

Jacob Suen (45yo)

0.2yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

1.6yrs

Average Tenure

54yo

Average Age

Experienced Management: AIRG's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

8.8yrs

Average Tenure

59yo

Average Age

Experienced Board: AIRG's board of directors are considered experienced (8.8 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

SellUS$19,65815 Mar 19
Arthur Toscanini
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,508
Max PriceUS$13.04
SellUS$127,30201 Mar 19
Jacob Suen
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$12.73

Ownership Breakdown


Management Team

  • Alexis Waadt

    Director of Investor Relations

    • Tenure: 2.6yrs
  • Dallas Wu

    Head of Asian Sales & Technical Support Services

    • Tenure: 0yrs
  • Jacob Suen (45yo)

    President

    • Tenure: 0.2yrs
    • Compensation: US$934.71k
  • Anil Doradla (50yo)

    CFO & Secretary

    • Tenure: 1.7yrs
    • Compensation: US$830.14k
  • Leo Johnson (64yo)

    • Tenure: 1.6yrs
    • 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: 15.9yrs
    • Compensation: US$1.42m
  • Jacob Suen (45yo)

    President

    • Tenure: 0.2yrs
    • Compensation: US$934.71k
  • Joan Gillman (56yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$109.52k
  • TJ Chung (55yo)

    Independent Director

    • Tenure: 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$104.342m
  • Shares outstanding: 9.72m
  • 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. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:40
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.