Aviat Networks Inc.
Find Ratings ReportsAVIAT NETWORKS INC's gross profit margin for the second quarter of its fiscal year 2024 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased. AVIAT NETWORKS INC has strong liquidity. Currently, the Quick Ratio is 1.54 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 21.79% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q2 FY24 | Q2 FY23 |
---|---|---|
Net Sales ($mil) | 95.04 | 90.68 |
EBITDA ($mil) | 11.92 | 11.26 |
EBIT ($mil) | 10.78 | 9.71 |
Net Income ($mil) | 2.89 | 6.05 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 45.91 | 21.36 |
Total Assets ($mil) | 500.11 | 349.29 |
Total Debt ($mil) | 52.84 | 3.15 |
Equity ($mil) | 253.94 | 208.5 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 39.78 | 37.1 |
EBITDA Margin | 12.54 | 12.41 |
Operating Margin | 11.35 | 10.71 |
Sales Turnover | 0.71 | 0.93 |
Return on Assets | 3.02 | 3.96 |
Return on Equity | 5.96 | 6.65 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 2.0 | 1.8 |
Debt/Capital | 0.17 | 0.01 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 12.52 | 11.38 |
Div / share | 0.0 | 0.0 |
EPS | 0.24 | 0.51 |
Book value / share | 20.28 | 18.33 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 114767.0 | 88509.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a value on par with the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.73 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, AVIAT NETWORKS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AVNW 27.69 | Peers 53.34 | AVNW 30.75 | Peers 44.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. AVNW is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AVNW is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AVNW 8.45 | Peers 26.06 | AVNW 0.11 | Peers 1.95 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. AVNW is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. AVNW trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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AVNW 1.73 | Peers 23.59 | AVNW 9.48 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AVNW is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, AVNW is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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AVNW 1.23 | Peers 14.13 | AVNW 10.30 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AVNW is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. AVNW significantly trails its peers on the basis of sales growth. |
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