NasdaqCM:AIRG

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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. More Details


Snowflake Analysis

Flawless balance sheet with high 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

Stable Share Price: AIRG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.7%

AIRG

4.3%

US Electronic

1.8%

US Market


1 Year Return

10.8%

AIRG

5.3%

US Electronic

14.2%

US Market

Return vs Industry: AIRG exceeded the US Electronic industry which returned 5.3% over the past year.

Return vs Market: AIRG underperformed the US Market which returned 14.2% over the past year.


Shareholder returns

AIRGIndustryMarket
7 Day-0.7%4.3%1.8%
30 Day-3.0%-0.6%0.04%
90 Day33.0%7.2%9.8%
1 Year10.8%10.8%6.4%5.3%16.7%14.2%
3 Year42.9%42.9%17.9%14.6%41.6%32.2%
5 Yearn/a86.9%78.4%90.9%69.5%

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?

2.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: AIRG ($13.29) is trading above our estimate of fair value ($10.82)

Significantly Below Fair Value: AIRG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AIRG is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: AIRG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AIRG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AIRG is overvalued based on its PB Ratio (2.7x) compared to the US Electronic industry average (1.9x).


Next Steps

Future Growth

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

130.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIRG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: AIRG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AIRG's is expected to become profitable in the next 3 years.

Revenue vs Market: AIRG's revenue (20.7% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: AIRG's revenue (20.7% per year) is forecast to grow faster 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?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIRG is currently unprofitable.

Growing Profit Margin: AIRG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AIRG is unprofitable, but has reduced losses over the past 5 years at a rate of 8% per year.

Accelerating Growth: Unable to compare AIRG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AIRG is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-23%).


Return on Equity

High ROE: AIRG has a negative Return on Equity (-4.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Airgain's financial position?


Financial Position Analysis

Short Term Liabilities: AIRG's short term assets ($41.7M) exceed its short term liabilities ($4.5M).

Long Term Liabilities: AIRG's short term assets ($41.7M) exceed its long term liabilities ($85.0K).


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 46.5%.


Balance Sheet


Cash Runway Analysis

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

Stable Cash Runway: Whilst unprofitable AIRG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AIRG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.6% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

1.7yrs

Average management tenure


CEO

Jacob Suen (46 yo)

1.08yrs

Tenure

US$3,124,849

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 ($USD3.12M) is above average for companies of similar size in the US market ($USD594.44K).

Compensation vs Earnings: Jacob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Jacob Suen
President1.08yrsUS$3.12m0.060%
$ 77.3k
Kevin Thill
Senior Vice President of Engineering1.67yrsUS$785.73k0.62%
$ 790.7k
David Lyle
CFO & Secretary0.67yrno data0.49%
$ 624.6k
Alexis Waadt
Director of Investor Relations3.5yrsno datano data
Jules Cassano
Director of Marketingno datano datano data
Dallas Wu
Head of Asian Sales & Technical Support Servicesno datano datano data
Leonard Johnson
2.5yrsUS$581.90k0%
$ 0

1.7yrs

Average Tenure

57.5yo

Average Age

Experienced Management: AIRG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jacob Suen
President1.08yrsUS$3.12m0.060%
$ 77.3k
Thomas Munro
Independent Director16.67yrsUS$109.85k0.050%
$ 64.3k
Arthur Toscanini
Independent Director15.67yrsUS$116.55k0.66%
$ 850.4k
Tzau-Jin Chung
Independent Director1.92yrsUS$103.25k0.043%
$ 55.2k
James Sims
Chairman of the Board16.83yrsUS$1.13m2.85%
$ 3.7m
Joan Gillman
Independent Director3.83yrsUS$111.25k0.029%
$ 37.7k

9.8yrs

Average Tenure

60yo

Average Age

Experienced Board: AIRG's board of directors are considered experienced (9.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Airgain, Inc.
  • Ticker: AIRG
  • Exchange: NasdaqCM
  • Founded: 1995
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$128.302m
  • Shares outstanding: 9.65m
  • 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. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 05:53
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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